Lavendon Share Discussion Threads

[qs99] 24/2/2016 15:55

results out this week are they not? DYOR etc ......

[gleach23] 23/2/2016 17:49

Sorely testing the patience this one. IMO there must still be an overhang so hopefully a robust set of results will allow it to clear. No 'holdings' RNS for a couple of months now.

For info the top list below shows the main IIs as displayed on the company website today and below that is what it was on 18 Nov.

In short Prudential, RIT and Old Mutual have remained the same, FIL have reduced and Blackrock have added. Unicorn have appeared on the list since Nov and were the subject of the most recent holdings RNS on 22 Dec (going over 5%).

Perhaps FIL are creating the overhang if they intend to exit completely? I also wonder about Old Mutual.

TODAY
Prudential PLC 18.94%
BlackRock Inc 6.69%
RIT Capital Partners PLC 5.09%
Unicorn Asset Management Ltd 5.01%
Old Mutual PLC 4.70%
FIL Limited 3.73%

18 NOV
Prudential PLC 18.94%
FIL Limited 5.58%
RIT Capital Partners PLC 5.09%
BlackRock Inc 4.98%
Old Mutual PLC 4.70%

[dahhad] 23/2/2016 15:28

if past trends are anything to go on, another good set of figures this week will lead to further falls!! Hopefully this trend will be broken at some point!

[johnsoho] 19/2/2016 15:55

Is this the bottom? Hope so cos I've just purchased a few.

[rmillaree] 18/2/2016 11:02

Does the broker simply pocket the cash in situations like that? or is it likely misreported or corrected after the event?

[bostonborn] 18/2/2016 09:05

Yes probably should have been 134.55p. Therefore fat finger.

[dangersimpson2] 17/2/2016 17:43

looks like someone accidentally bought 3k @184.55p after the UT...fat finger error?

[che7win] 17/2/2016 13:52

I've bought some too, looks undervalued.

[little beaker] 12/2/2016 12:48

I've bought some of these following recent price weakness and the reassuring trading update.

A bit concerned over both its geography and cyclicality, but it seems to have decent balance sheet and as-mentioned trading to date, so taken a small position on valuation grounds.

Keep an eye-out for the trading outlook in forthcoming results on 25th Feb

Cheers

[and1] 11/2/2016 20:03

Hardly any volume in the market except for a bunch of hedge funds / IB's having a field day with shorts playing the fear game... and making a load of money in the bargain. This is the worst bear market for little real reason. BUy Buy as these guys will want to make money on the way up too

[davidosh] 11/2/2016 16:24

Lavendon mentioned on the small cap radio show including Lakehouse, Poundland, InternetQ and Accesso.

[heliweli] 10/2/2016 08:35

Hope this is the formation of a double bottom, the only way is up.

[nurdin] 08/2/2016 19:48

As SCSW says,they look very cheap at misery 7x 2016 earnings forecast.

[lancasterbomber] 08/2/2016 19:45

Nice to see it moving up strongly against the market trend.

[hastings] 08/2/2016 16:03

A few thoughts that may be of interest to others.

[cwa1] 03/2/2016 08:16

Berenberg has initiated coverage of Lavendon Group with a Buy rating, price target 230.00p

[petersinthemarket] 22/1/2016 18:44

240p down to 130p takes a lot of understanding, but best of luck with it.

[alter ego] 22/1/2016 16:26

so basing your buying or selling decisions on a chart formation isn't reliable - what a surprise. Perhaps actually understanding the business and its market and looking at how the company is performing might work better.

[petersinthemarket] 22/1/2016 15:24

The long term chart implied that the LVD share price had at last bottomed in February one year ago. That proved to be wrong. Is there any reason to believe things will be different this February?

[adamb1978] 14/1/2016 19:29

Lollipop - re your 913am post, where did you get the individual broker forecasts from?
Thanks

[bugle4] 14/1/2016 11:19

Paul Scott's View

hare price: 132.5p (up 4% today)
No. shares: 169.7m
Market cap: £224.9m

(at the time of writing, I hold a long position in this share)

Trading update - I was bracing myself for a profit warning here, as the share price has been relentlessly declining. So it was surprising to read a positive update this morning, with sales trends improving decently in Q4 (up to +5% in Q4, as opposed to +1%, +2%, +1% in Q1-3 2015).

Overall trading looks good;

"The Group has delivered an improved year on year performance, with growth in revenues and further operational efficiencies driving increases in profitability, margins and ROCE. The Board expects the Group's results for 2015 to be at the top end of market expectations.

Outlook - there's a note of caution, but still upbeat;

As we move into 2016, whilst recognising the recent increase in uncertainty of the economic outlook, we are looking forward to building on the momentum we have developed during the past few years and to making further progress in the year ahead."

Valuation - Lavendon appears strikingly cheap compared with other equipment hire companies, both on a PER, and a P/NTAV basis.

It has a sound balance sheet too, and a good dividend yield.

My opinion - I think this looks strikingly good value, and am treating the recent price fall, combined with today's positive trading update, as a buying opportunity. As always, that's just my personal opinion, which may turn out to be right or wrong. It's not a recommendation, the onus is on readers to research things yourself, and form your own conclusion.

The downside risk is mainly of deteriorating trading in future, in particular in the M.East, where about 30% of the group's profits come from. Although the comments in today's statement about that region were surprisingly upbeat. I feel the share price more than factors in the downside risks.
- See more at:

[bugle4] 14/1/2016 11:15

Lavendon Group plc 103.7% Potential Upside Indicated by Peel Hunt

Posted by: Ruth Bannister 14th January 2016

Lavendon Group plc using EPIC/TICKER code LON:LVD had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Peel Hunt. Lavendon Group plc are listed in the Industrials sector within UK Main Market. Peel Hunt have set a target price of 275 GBX on its stock. This indicates the analyst now believes there is a potential upside of 103.7% from today’s opening price of 135 GBX. Over the last 30 and 90 trading days the company share price has decreased 5 points and decreased 32.5 points respectively.

[market sniper3] 14/1/2016 11:09

Pauly,ohh forget that. Its just a game for him. Thats why he nearly went bust in 2008/2009.

Looks good value here BUT after the general market fall what doesnt..........

[mikepompeyfan] 14/1/2016 10:05

If the share price doesn't improve you'd think someone would bid while it's so cheap.