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VP. Vp Plc

550.00
-5.00 (-0.90%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  -5.00 -0.90% 550.00 525.00 575.00 - 2,150 16:35:11
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Heavy Constr Eq Rental,lease 371.52M 23.01M 0.5730 9.69 222.86M
Vp Plc is listed in the Heavy Constr Eq Rental,lease sector of the London Stock Exchange with ticker VP.. The last closing price for Vp was 555p. Over the last year, Vp shares have traded in a share price range of 485.00p to 685.00p.

Vp currently has 40,154,253 shares in issue. The market capitalisation of Vp is £222.86 million. Vp has a price to earnings ratio (PE ratio) of 9.69.

Vp Share Discussion Threads

Showing 826 to 847 of 1000 messages
Chat Pages: 40  39  38  37  36  35  34  33  32  31  30  29  Older
DateSubjectAuthorDiscuss
13/7/2016
06:39
From Speedy Hire update today - It is too early to assess with any degree of certainty what impact the EU referendum result will have on the Group's end markets but, to date, there has been no deterioration in trading.
VP currently 15% off share price day before referendum.

tudes100
08/6/2016
03:29
hxxp://www.thebusinessdesk.com/yorkshire/news/735841-equipment-business-in-record-breaking-shape-following-major-acquisitions.html?news_section=5
tudes100
07/6/2016
10:03
New research out from Equity Development

www.equitydevelopment.co.uk/doc/1496.pdf

brummy_git
07/6/2016
08:50
thats more like it...
tudes100
07/6/2016
07:51
solid performance again, going unnoticed as usual
tudes100
07/6/2016
07:48
Great set of numbers as usual - consistent overall performance demonstrating resilience even when some businesses are in difficult markets - Hire Station stand out performer and probably the best small tool operator in the market - nice to see further dividend progression
bentom
07/6/2016
07:31
Good results

"Highlights

· 11% improvement in profit before tax and amortisation to £29.8 million (2015: £26.8 million)

· 2% increase in revenues to £208.7 million (2015: £205.6 million)

· 14% increase in basic earnings per share, pre-amortisation, to 62.21 pence

· Return on average capital employed increased to 16.3% (2015: 16.2%)

· EBITDA up 10% to £59.3 million (2015: £53.8 million)

· Net debt of £86.1 million (2015: £66.8 million) after funding:

o Capital investment in the fleet of £45.9 million

o Acquisitions of Test & Measurement and Higher Access for £8.1 million

· Final dividend proposed of 13.5 pence per share, making a total of 18.85 pence for the full year (2015: 16.5 pence), an increase of 14%



Jeremy Pilkington, Chairman of Vp plc, commented:

"Following last year's record breaking results, the Group has continued to make further good progress this year reporting another strong financial performance with improvements in profits, margins and returns, delivered from a relatively modest growth in revenues. This trend is expected to continue as the varying demands of supportive infrastructure, housebuilding and construction markets play against a challenged oil and gas sector."

rhomboid
29/4/2016
04:13
www.investorschronicle.co.uk/2016/04/28/shares/tips-show-vp-value-affirmed-Smihd4pw2RgINXezKe2wHO/article.html
tudes100
21/4/2016
16:05
Ta, Brummy_git. :-)

Although there are no firm synergies from the deal ...

I'd guess they're going to put TR in the Airpack Bukom division. That would add a Melbourne address to their existing Perth one. So, AirPack Bukom will be much closer to the oil and gas facilities in the Tasman Sea = potentially more sales. Also, TR's equipment could be rented on the west coast, so getting access to a bigger market.

They do well with their add-ons. This looks like another good move.

ed 123
21/4/2016
15:46
New research out today from Equity development with regards to the TR acquisition

hxxps://www.equitydevelopment.co.uk/doc/1484.pdf

brummy_git
08/4/2016
12:50
IC tip today;

"Share price performance among rental companies has been uninspiring over the past year. Valuations for small caps such as Speedy Hire (SDY) and HSS Hire (HSS) have slumped alarmingly, and even FTSE 350 constituent Ashtead (AHT) hasn't escaped the general markdown. However, the share price of Vp (VP.) has flatlined over the past 12-months. That implies resilience in the face of deteriorating markets, which is also borne out by the share price beta of just 0.1 (see table), and a narrow trading band through much of the year. However, Vp's shares aren't just a safety play - we also view them as a potentially lucrative recovery buy.

Vp's contract mix does, indeed, include defensive strands through exposure to the UK water industry's capital spending and railways maintenance work. But that doesn't necessarily mean Vp's shares will underperform once investors regain their appetite for risk taking. That's because Vp, like all equipment-rental operators, has lots of operational gearing - as demand for its equipment rises and revenues respond, its costs stay little changed."

"

Vp is also likely to be a beneficiary of end-market recovery in the UK due to its efficient operating structure and proactive management. Its record of never cutting a dividend is an obvious draw for investors. However, there is also an implied upside of around one-third from the current share price of 685p if Vp's rating relative to its peer group - as measured by the price-earnings ratio on their shares - recovers to its historic average. True, this rating discount is mostly in relation to Vp's overseas peers, so the widening has been predominantly linked to the relative decline of the UK's support services sector.

The group's focus on specialist segments of the equipment hire market has seen consistent improvement in profit margins and return on capital. The corporate structure comprises six operating divisions: UK Forks, Groundforce, Airpac Bukom Oilfield Services, Hire Station, Torrent Trackside and TPA. The group’s operations stretch across the UK, Ireland and into mainland Europe, and its oil and gas business operates internationally from a network of hubs across the globe. Predictably, this segment of the business has caused some consternation due to the fall-away in capital spending across the oil and gas industry. The effects of the industry-wide retrenchment were reflected in Vp's first-half figures, when Airpac Bukom reported a 25 per cent contraction in revenue, although a focus on cost controls meant that profit margins held up reasonably well.

The group continues to see encouraging remits from the construction and housebuilding industries. This was reflected in the performance of Hire Station in the first half, where revenue and profit were up 9 per cent and 27 per cent respectively. All told, the group claims a highly creditable 16.1 per cent return on equity at the half-year mark, against 14.9 per cent in the previous first half."

All fwiw

rhomboid
05/3/2016
21:01
Ta, rhomboid and Brummy_git. :-)

VP follows its own safe business plan. Some of their competitors have shot themselves in the foot. Couldn't bring myself to invest in HSS or Speedy, but am holding VP.

ed 123
02/3/2016
11:36
New research out today from Equity development

hxxp://www.equitydevelopment.co.uk/doc/1462.pdf

brummy_git
01/3/2016
09:11
Trading in line and a niche acquisition ;



Acquisition and Trading Update
Acquisition
Vp plc, the equipment rental specialist, today announces the acquisition of the entire issued share capital of Higher Access Ltd ("Higher Access") for a consideration of £4.1 million.
Higher Access is engaged in the rental of specialist tracked access platforms, and is the market leader in the UK. The company operates from two locations in Burnley and Luton. The business, which has been established for over 10 years, provides equipment and associated services to the construction, transmission and utilities sectors across the whole of the UK.
Higher Access will operate alongside Vp's specialist material handling business, UK Forks.
Vp Trading Update
The Vp business has experienced a satisfactory winter trading period and continues to make good progress. The Board anticipates that the Group will deliver full year results in line with current market expectations for the year ended 31 March 2016.
Jeremy Pilkington, Chairman of Vp plc, commented on the acquisition:
"We are very pleased to welcome the Higher Access team to the Vp group. The acquisition will be an excellent complement to our strong UK Forks business, and fits the Vp model of developing specialist rental businesses with strong market positions."

Looks a good bolt on to me, looking at their abbreviated accounts at Co.House they increased shareholders funds by over 0.5m so seem to be trading well.

rhomboid
25/11/2015
13:20
thanks for posting BG
tudes100
25/11/2015
09:44
New research report out today from Equity development

hxxp://www.equitydevelopment.co.uk/doc/1427.pdf

brummy_git
04/11/2015
08:10
Interesting niche acquisition.
Onwards and upwards !

buffetteer
17/9/2015
00:46
FY17 forecast PE 12.7x, looks pretty good value to me given a) UK construction strong b) its largely an infrastructure play and should be defensive in any risk off macro environment c) O&G cycle should turn in the next 24 months. All imo
tudes100
16/9/2015
10:38
I think the Interims in November should be good.
They were confident in July and investing in additional plant for hire.
The shares never look cheap but I think look very reasonably priced currently and HSS have their own problems .
I am looking to top up with the shares nearly £1 down on their 2015 high

ganthorpe
03/9/2015
01:23
SP fell off to year low in Sept 14, then had a modest run up to the HY results in November. VP is one of my largest holdings but will look to top up if we see more weakness across the coming months. Looking oversold at the moment but with the markets so choppy suspect there may be a better opportunity later in Sept/Oct.
tudes100
01/9/2015
18:58
Immediate cause may be Unicorn fund reducing its holding. HSS result may have influenced it, although I think HSS has had its own problems and is not necessarily a good guide to sector performance. IMHO and DYOR
bigbertie
26/8/2015
08:09
SP under pressure today, most likely from HSS warning. Held up very well in the last week given general market conditions.
tudes100
Chat Pages: 40  39  38  37  36  35  34  33  32  31  30  29  Older

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