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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Vp Plc | LSE:VP. | London | Ordinary Share | GB0009286963 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
25.00 | 4.63% | 565.00 | 545.00 | 570.00 | 565.00 | 565.00 | 565.00 | 15,174 | 16:35:09 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Heavy Constr Eq Rental,lease | 371.52M | 23.01M | 0.5730 | 9.86 | 226.87M |
Date | Subject | Author | Discuss |
---|---|---|---|
26/8/2015 09:09 | SP under pressure today, most likely from HSS warning. Held up very well in the last week given general market conditions. | tudes100 | |
24/7/2015 09:10 | I don't think the detail of the website should distract us from the investment merits of VP shares , which I believe are excellent. After all I doubt if major investors ever look at a Company website - they just pick up the phone and ask a Director if they want info. Regards GAN | ganthorpe | |
23/7/2015 19:02 | Ta, ganthorpe. You're running ahead of me. :-) | ed 123 | |
23/7/2015 18:51 | Many thanks ganthorpe | sleepy | |
23/7/2015 18:39 | Yes I had a word after the meeting about the website including the confusing forecasts , the financial calendar(not) and the "figures from the AR" which weren't. I hope we will see it corrected very soon. I wasn't going to mention it on line , but since you raised the topic. Regards GAN | ganthorpe | |
23/7/2015 17:57 | Many thanks, ganthorpe. :-) I guess with the low dividend, it leaves more capital for buying kit to produce bigger earnings going forward. We're still in a time of 0.5% base rate, so a 2% dividend is better than some cash deposit rates. Did anyone comment on VP's website Estimates and Consensus page? If 2015 eps was 54.9p and the business is performing well, why is the 2016 consensus only 53.46p eps? This an average of 4 brokers, who all updated as recently as this month. I find it puzzling. Anyway, I'm with you, expecting 60p or so eps this year. | ed 123 | |
23/7/2015 15:42 | I went to the AGM. Nothing very exciting. There was I felt confidence that overall things were going well with oil & gas rather slow and water orders getting in gear sfter a quiet first year of the five year regulation period.Construction still strong as probably the largest sector.There was some comment from the floor that progress in the share price was disappointing in view of the excellent record. The Board indicated that they were aware of the problem of getting VP's excellent record recognised better and were working on the matter. I feel that share price progress is not assisted by the low dividend yield and 3.3X covered dividend.There was a comment that about half the large expenditure on hire equipment was for expansion which bodes well for the current year. Overall I feel VP is well diversified to ride cutbacks in individual sectors and a sound if not too exciting investment for the medium term view. I saw the Equity Development note , which seems fair comment except that if markets continue as currently I would hope to see EPS nearer to 60P(v 57.3p) and dividends of around 18.5P (v 17.4P).Just a personal guess. I am just a small shareholder who happens to live near Harrogate. Hope that helps Regards GAN | ganthorpe | |
23/7/2015 09:52 | Thanks, Brummy-git. Did anyone here go to the agm? Couldn't make this one, myself. | ed 123 | |
22/7/2015 08:48 | Latest research out from Equity development following yesterday's AGM statement. hxxp://www.equitydev | brummy_git | |
21/7/2015 13:33 | AGM statement encouraging… "I am very pleased to report that the Group has had a solid start to the new financial year. The Group's key markets are generally performing well, with construction and housebuilding remaining positive. As anticipated the oil and gas sector remains quieter, as does transmission. The business continues to trade well overall, and we remain in a good position to deliver further progress in this financial year." | tudes100 | |
20/7/2015 00:58 | VP very briefly covered in the equipment hire sector review in this weeks IC. Not tipped some will be relieved to know and other than comment on recent strong performance and the fact the group is more diversified than HHS & Speedy there is little else. Very much under the radar still and with infrastructure plus tool hire exposure I'm still pretty optimistic for the Co given its modest forward rating vs competitors. | tudes100 | |
20/6/2015 07:33 | Shame no one out there - missing out on a great run with more to come. | buffetteer | |
07/6/2015 07:01 | Questor - 6th June UK-based rental company Vp [LON:VP] reported record profits last week after a recovery in the UK construction industry. The company is well diversified across construction, oil and gas and infrastructure, and hires out equipment from tools to small vehicles. Revenue increased by 12pc, to £205.6m, and pre-tax profits were up by 33pc, to £26.8m for the year ended March. “The UK construction sector has clearly moved into a modest growth phase,” said Jeremy Pilkington, the company’s chairman. Management confidence was underlined by an 18pc increase in the dividend to 16.5p, with the 11.5p final dividend going ex-dividend on July 8 and payable on August 7. Fleet investment The company generates profits from renting out its equipment, so confidence in future trading is demonstrated by a significant increase in investment in its fleet. Capital investment was £49.3m, up from £38.2m a year earlier, and significantly more than the £25m depreciation charge, which is a useful estimate for the costs to replace old equipment. The group operating profit margin was also impressive since it increased from 11.9pc to 14pc at the end of the year. While UK construction and, in particular housebuilding, were strong, the oil and gas industry has been carrying out less work as oil prices slumped. Profit full house Profits at every division improved but the stand-out performer was the tool hire business. Hire Station reported an increase of 81pc to £8.7m, while revenue grew 17pc during the year to March. Managing director Neil Stothard said the excellent performance was down to higher tool hire volumes going through a fixed cost base, which allowed profits to rise sharply. Profits from hiring tools are expected to rise again this year and management almost doubled investment in new equipment. The booming UK housing market is driving strong demand for forklift trucks and the UK Forks business reported profit up 60pc to £4m. Shares good value Elsewhere, the Airpac Bukom business that provides well-testing equipment to the oil and gas sector reported steady profits, but another challenging year is expected ,with oil prices 50pc below a year earlier. The core division of groundforce, which supplies hydraulic rams to shore up the sides of water utility works, posted 5pc growth in revenue, and a 10pc jump in profits to £8.8m. Vp is a well diversified business and should benefit from even a tentative recovery in the construction sector, and the continued demand for UK housebuilding. It is a solid operator and the shares, trading on 13.5 times forecast earnings and offering a 2.5pc prospective dividend yield, are worth holding on to. | tudes100 | |
05/6/2015 09:41 | Brilliant Numbers and great to see a rental company reporting a clean set of figures - the rest seem to be continually messed up with exceptionals which everybody realises are there to mop up the terrible management decisions made in recent years | bentom | |
04/6/2015 08:26 | Surprised me and the market on the upside. Hands up, I was expecting something more negative from Airpac Bukom. And more good news to come, they say. Very happy holder. Brummy_git. Your link is not working well for me. Is it to a mining company? Error at my end or mistake or spamming? | ed 123 | |
04/6/2015 07:56 | New update note from Equity Development hxxp://www.equitydev | brummy_git | |
04/6/2015 07:37 | Patience rewarded, great set of results. A lot of discussion 5 months ago about the impact of oil & gas sector issues on the company and I think this has been well and truly put to bed now. Hoping the share price can crack that tough £7 resistance today and in coming weeks. | tudes100 | |
12/3/2015 12:47 | Excellent two page article in "Shares" Griller section today, culminating in a well argued buy rec.. | cestnous | |
24/2/2015 08:29 | Equity development this am; Commissioned research but still, encouraging. In its IMS this morning, Vp plc said "The Group has continued to trade well through the winter period assisted by relatively mild weather and customer demand has picked up steadily through the early part of 2015. The construction, housebuilding and infrastructure sectors remain strong, though we do anticipate a limited impact on our oil and gas related activities from the recent oil price reduction. The business is trading well, and with a momentum that leads the Board to believe that the Group will deliver results ahead of current market expectations for the year ended 31 March 2015". As a result we are increasing our numbers (again), and are now forecasting adjusted PBT (pre amortisation) for the year to March 2015 of £26 million, (against £20.05m in the previous financial year), followed by £27.5 million in the year to March 2016. Our new EPS forecasts for these 2 years are 52p (to 31/3/15) followed by 55.7p (to 31/3/16). As shown in our note, Vp shares are still very modestly rated against its peer group. On the back of these forecast increases we have raised our share price target from 725p to 775p. Download full report here | cestnous | |
24/2/2015 07:27 | Statements from this company tend to be dry and understated, so 'ahead of market expectations' is strong language. As T100 says, they are so well diversified that any one sector can go down and the rest can remain OK. Oil related profits less than 10% of the total. | jon l | |
24/2/2015 07:12 | Patience rewarded, great news this morning. Softer Airpac Bukom performance to be expected, but more than made up elsewhere it seems. | tudes100 | |
16/2/2015 02:43 | I'm struggling to understand the recent share price movement. HY results were excellent, 31.4p EPS in the bag vs concensus targets of 45p for the FY. LY H2 delivered approx 14p so delivery vs FY should be a given. Construction currently booming in the UK so Groundforce & Hire Station, which generate approx 65% of operating profit, should be flying and yet the share price is going backwards. Can only assume its concern over the impact of oil price on Airpac Bukom but this subsidiary is barely responsible for 10% of operating profit. Anybody else got any ideas ? | tudes100 | |
06/2/2015 14:46 | If it doesn't bounce here I'll be thinking again. At breakeven atm. free stock charts from uk.advfn.com | cestnous | |
06/2/2015 13:45 | Got an invite for a lunch presentation on 25th Feb...so possibly something to be announced on that date | sportbilly1976 | |
24/1/2015 10:03 | The Company aren't very chatty either, not many announcements. Still it seems to be going along well as usual. Not much action for hyperactive dealers Roll on year end figures - only just over 3 months to wait GAN | ganthorpe |
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