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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Lavendon Group | LVD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 269.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 269.50 | 269.50 |
| Top Posts |
|---|
Posted at 09/12/2016 09:30 by qs99 so if you were going to counter bid, would you wait to see what acceptances TVH gets, or would you not put your bid in before that closing date so investors had a different option? Thoughts? |
Posted at 28/11/2016 11:01 by dr_smith Jeffian:"I am still holding." As the big boys weren't biting at 205, I can't see current share price of 218 tempting them. So could still be a good buy as counter bid will likely be higher...IMO ! I sometimes remind myself I am an long term investor not a gambler, so won't be chancing my arm further, but if I was playing with monopoly money, I would likely be buying in...as maybe QS99 is. |
Posted at 27/11/2016 17:46 by gleach23 Midas comment today. I had wondered about Ashtead -Equipment hire specialist Lavendon, which helped to install the Christmas lights in London’s Regent Street, has had an exciting week.On November 21, the company’s share price closed at 139p. The following day, the stock soared to 197p. The reason was a 205p-a-share cash bid from Belgian equipment and parts group TVH. Though the bid looks generous at first sight, it has not been recommended by the board, primarily because certain large shareholders think the price is too low. These include investment manager M&G, which holds almost 19 per cent of the stock. TVH does have support from two large investors, which own just over 12 per cent of the shares between them, and it bought a further 5 per cent in the market last week. But that still leaves an awful lot of shareholders to be persuaded. Midas recommended the stock in April, when the price was 134p. The shares jogged along until last Monday’s offer, but they now sit at 204¼p. TVH has said its offer is final unless a rival bid comes along and there is, of course, a chance that a third party will enter the fray with a higher offer for Lavendon, sparking a bidding war. Some investors may feel like waiting to see what happens and some may feel inclined to follow M&G’s lead and put their faith in Lavendon’s long-term future as an independent company. The issue is further complicated because TVH has said that right now it will only proceed with the deal if investors with 75 per cent of the shares vote in favour, but it reserves the right to reduce this to 50 per cent plus one share at a later stage. Most observers believe the chances of a rescue bid emerging are relatively slim. The most obvious candidate is UK equipment hire group Ashtead, which launched a joint bid for Lavendon with TVH back in 2011. Since then, Ashtead has become increasingly focused on its American division, so there seems little reason for it to bulk out its UK business now. Private equity firms have also been touted as potential white knights, but they are famously reluctant to enter into bidding wars. The share price – hovering just below the offer price – is extremely telling, suggesting that the stock market does not expect a rival bidder. That leaves TVH as possibly the only game in town. Given M&G’s stated antipathy towards the offer, it would be difficult for the Belgians to reach the 75 per cent acceptance level. But, if they want Lavendon badly enough and they hear supportive noises from other big investors, they may go down to the 50 per cent acceptance mark. In that case, their chances of success are significantly bolstered. There is also the possibility that they will walk away entirely. In that case, the shares would almost certainly fall. However, Lavendon’s performance has been improving and analysts believe the stock should comfortably exceed 200p over the next 12 months if the group remains independent. Midas verdict: Investors who bought in April have already benefited handsomely from the bid, so all but the most intrepid should sell out and bank the profit. But the saga is still at an early stage, so adventurous investors may prefer to hold out for a little longer. |
Posted at 23/11/2016 10:11 by dr_smith For price to hold, II's must know something we don't...IMOI tell myself I am an investor, not a gambler, yet still holding ftb. |
Posted at 22/11/2016 15:47 by aishah 18. GeneralInvestors should be aware that TVH or Libra Bidco may purchase Lavendon Shares otherwise than under the Offer, such as in open market or privately negotiated purchases. |
Posted at 31/8/2016 08:46 by rivaldo Looks like LVD were tipped yesterday in the IC online - subscriber-only though:"Lavendon climbs on strong rental demand and restructuring gains Lavendon (LVD), which is in the business of leasing motorised mounts and platforms across Europe and the Middle East, registered double-digit growth in sales and underlying profit during the first half. Investors returned the favour, jacking up the equipment hire group's shares by almost 9 per cent on results day." |
Posted at 27/7/2016 16:13 by davidosh This company certainly know how to score own goals with investors.....Why have interim results out on a Friday before Bank Holiday Monday ? There will be nobody interested in meeting them in the City and will remain unloved |
Posted at 15/7/2016 07:21 by rivaldo Another good review of LVD's update here:"A bubbly trading update has sent Lavendon Group’s (LSE: LVD) share price shooting 9% higher in Thursday trade. The power equipment provider — which collapsed to four-year lows last week — advised that total revenues leapt 15% during January-June, while rental revenues advanced 13% from the year-ago period. Lavendon therefore “remains confident of delivering its expectations for the full year,” it advised, and with good reason: market share grabs are helping to drive sales higher in the UK, Lavendon’s largest single market. Meanwhile, investors fearing a Brexit hangover can take heart from Lavendon’s hefty overseas exposure. The Middle East and Continental Europe are responsible for 29% and 27% of group revenues respectively, and sales in these regions continued to climb in the first half. I believe a forward P/E rating of 6.8 times makes Lavendon an attractive stock selection looking ahead." |
Posted at 15/4/2016 13:41 by rivaldo A couple of summary extracts from Peel Hunt's latest note FYI (cheers mate) - they have a 275p target:"Q1 IMS confirms trading in line, n/c estimates The Q1 IMS confirms trading in line, with notable revenue progress across the key UK (+6%) and Middle East (+21%) markets. The outlook remains positive and at this relatively early stage of the year, we confidently retain our estimates. The shares remain materially undervalued (asset value of 131p) given the consistent delivery and improved ROCE (12.3%)." "Estimates. Capex guidance is unchanged (£55m) and we retain our FY2016E PBT of £40.5m (consensus £40.0m) These estimates are currently based on average 2015 exchange rates, which we will review at the H1 2016 stage. Valuation. This confident statement should reassure investors. We consider that the current multiples or the 1.0x EV/IC do not reflect the clear potential and consistent delivery of returns. Clear asset backing with income attractions." |
Posted at 14/4/2016 11:00 by thomasthetank1 Read Panmure's note on Lavendon Group (LVD), out this morning, by visiting hxxps://www.research“Lavendon, the leading powered access rental business (e.g. “cherry pickers”) has started the year on an up note with rental revenues +9% (CFX basis). This compares with +1% 3Q15 and +5% 4Q15. Since the year end net debt increased (£147m vs £119m), reflecting phasing of capex. Crucially, the working cap profile in the Middle East has marginally improved and represents an important catalyst for investors…R |
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