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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
  -5.00p -0.70% 705.00p 700.00p 710.00p 710.00p 704.00p 708.00p 12,106 16:35:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 303.6 30.8 61.7 11.4 283.09

Vp Share Discussion Threads

Showing 901 to 923 of 925 messages
Chat Pages: 37  36  35  34  33  32  31  30  29  28  27  26  Older
DateSubjectAuthorDiscuss
10/5/2019
08:26
See this is moving up a bit now. If the fine and findings aren't to harsh in the price fixing case it could go back to £10 +Still only be on a pe of 10 and a decent yield 60 year old business
1pvh
16/4/2019
11:26
Obviously there's a huge uncertainty here, but I wonder if this is oversold now.. though it'd be brave to buy now I suppose. Here's the CMA's case: https://www.gov.uk/cma-cases/provision-of-products-and-or-services-to-the-construction-industry-civil-investigation "The CMA provisionally considers that MGF and VP were involved during three periods between 23 September and 4 October 2011, 14 February to 24 November 2014 and 12 November 2015 to 28 November 2016, and that Mabey was involved between 14 February to 16 July 2014." The scale of fines seems to relate to: turnover during the period concerned - ie maybe the year 2016. There are multipliers for the length of time, and for whether they instigated any cartel or not. From a quick read, I feel a fine would be in proportion to Groundforce's turnover during c. 2015/1016, not the whole VP group, but I may well be wrong there. Apart from damage to their reputation, I don't think this will effect future profitability directly. Though a fine will of course add a slug of debt to the balance sheet.
martinc
09/4/2019
12:09
Vp shares hit by construction cartel probe See BBC business news Also if profits have been inflated due to cartel actions then (imo) margins will be squeezed once cartel is dismantled PLUS of course the penalty coss (if fined) will be a one off hit.
pugugly
09/4/2019
07:34
CMA fine looking likely here. Although likely to be small, could see negative reaction
mammyoko
08/4/2019
08:35
Thanks edmonda. Really appreciate all the sector multiples, which suggest there is further to run on Vp. Also liked the bit on downside resilience given the Brexit impasse in Westminster - "if the equity markets become increasingly choppy again over the next few months, then we think tucking away consistent high-performers like Vp on any dips, should prove to be a lucrative strategy."
chalkyboard
08/4/2019
08:19
Update today of further progress in recent trading and Brandon Hire integrating well. FY to end March seen in line, with results due 4 June. Equity Development research note just out with raised fair value share price, freely accessible here: https://www.equitydevelopment.co.uk/edreader/?ltkn=e59c1fd56e026f21115f08ec1aeffe9cud83tjfm&d=%3D%3DAN2UjM
edmonda
27/11/2018
13:46
Many thanks edmonda. 13% LFL sales growth means VP must be winning market share hand over fist. Any ideas why? Combination of specialist plant hire (vs commodity), good management, regional focus, B2B (ie not B2C), large projects (Hinkley point), rivals (eg SDY, A-Plant & HSS) focusing on self-help (as opposed to organic growth), etc?
chalkyboard
27/11/2018
08:17
another good set of interims from @Vpplc : revs +42%, PBT £25.9m +22%, EPS 52.3p +18%, interim div 8.2% +21%. Chairman looking forward 'with every confidence.' Updated ED research note and retained fair value now out, freely available here: https://www.equitydevelopment.co.uk/edreader/?ltkn=fbce6053112df68cb82a8111e77a410fayEY0zg3&d=%3D%3DwNwUjM
edmonda
18/8/2018
09:39
Good results so continue to hold as long as the chart is ok.
tell sid
07/8/2018
13:34
Equity Development's research note on VP by analyst Paul Hill Read the full note here ...https://www.equitydevelopment.co.uk/edreader/?d=%3D%3DAN1QjM House prices are almost as British as fish & chips. Hardly surprising really, given in total residential property is worth a staggering £7.1 trillion (source: Savills), or >4x GDP. So what’s the latest word on the street? Well despite being buffeted in Q1’18 by the country’s other favourite topic, the weather – the recent outlook from the nation’s housebuilders appears to be positive. The UK construction industry rebounded 2.9% in May, led by ‘new build homes’ which were up 8.4% on LFL terms. Going forward, we expect activity levels to remain supportive - albeit slightly less so in central London, which has greater BREXIT exposure and much higher property values. This positive outlook underpins our forecasts for specialist plant hire group Vp, who released an upbeat trading statement this morning ahead of its AGM. Here, the company has enjoyed an encouraging 1st four months, with its core UK infrastructure, housebuilding & construction markets demonstrating solid demand. The integration of Brandon Hire is also progressing to plan. Elsewhere, there has been a “modest recovery” in the overseas oil & gas business (Airpac Bukom) reflecting improved crude prices, allied to good trading at the AsiaPac test & measurement operation. Consequently, we make no change to our numbers, but nudge up the valuation to £11.00/share from £10.70 - based on a 12x EV/EBIT multiple, which is consistent with sector EV/EBITDA averages of 6.4x.
edmonda
02/8/2018
16:17
Equity Development's research note on VP by analyst Paul Hill Read the full note here ...https://www.equitydevelopment.co.uk/edreader/?d=%3D%3DAN1QjM House prices are almost as British as fish & chips. Hardly surprising really, given in total residential property is worth a staggering £7.1 trillion (source: Savills), or >4x GDP. So what’s the latest word on the street? Well despite being buffeted in Q1’18 by the country’s other favourite topic, the weather – the recent outlook from the nation’s housebuilders appears to be positive. The UK construction industry rebounded 2.9% in May, led by ‘new build homes’ which were up 8.4% on LFL terms. Going forward, we expect activity levels to remain supportive - albeit slightly less so in central London, which has greater BREXIT exposure and much higher property values. This positive outlook underpins our forecasts for specialist plant hire group Vp, who released an upbeat trading statement this morning ahead of its AGM. Here, the company has enjoyed an encouraging 1st four months, with its core UK infrastructure, housebuilding & construction markets demonstrating solid demand. The integration of Brandon Hire is also progressing to plan. Elsewhere, there has been a “modest recovery” in the overseas oil & gas business (Airpac Bukom) reflecting improved crude prices, allied to good trading at the AsiaPac test & measurement operation. Consequently, we make no change to our numbers, but nudge up the valuation to £11.00/share from £10.70 - based on a 12x EV/EBIT multiple, which is consistent with sector EV/EBITDA averages of 6.4x.
edmonda
05/6/2018
08:30
another strong set of FY results: adj PBT £40.6m + 16%, EPS 81.8p +18%, div 26p +18%; plus a 'positive start' to new year. Full updated ED research note now out from Paul Hill, freely available at https://www.equitydevelopment.co.uk/edreader/?ltkn=[ID]&d=%3D%3DAMzQjM All investors should make their own decisions, Mr Highlands, but this analyst's opinions on Vp in the last 4 years haven't been too far wrong
edmonda
01/6/2018
00:57
Lots of buys after 3.30pm today, leaky leaky pre results ??
tudes100
07/4/2018
17:46
Here you go Highlands - worth a read from Paul Scott on the value (especially post Mifid II) of paid-for-research hxxps://www.stockopedia.com/content/problems-caused-by-mifid-ii-297523/
brummy_git
07/4/2018
07:11
Unusual jump in share price given it's in an establishing downward trend. Any reason ?
my retirement fund
06/4/2018
09:37
Edmondo, that is a non-independent analyst report usually commissioned by tge company itself! Read the section right at the end!
highlands
06/4/2018
08:40
Solid update (again) released today ahead of results 5th June. Co says 'good progress over winter period' and FY results to end March seen to be 'in-line'. New ED research note (unchanged forecasts and undervalued view of shares) freely available here: https://www.equitydevelopment.co.uk/edreader/?ltkn=8a05af90dff9e225713188aa0664a6747XdakxyL&d=%3D%3DwNwQjM
edmonda
06/4/2018
08:37
Very solid update (again) released today ahead of results 5th June. Co says 'good progress over winter period' and FY results to end March seen to be 'in-line'. New ED research note (unchanged forecasts and undervalued view of shares) freely available here: https://www.equitydevelopment.co.uk/edreader/?ltkn=8a05af90dff9e225713188aa0664a6747XdakxyL&d=%3D%3DwNwQjM
edmonda
20/2/2018
20:47
The history of the share price and its consistent returns in terms of capital growth (well over 220% in the past 6 years) and a reasonable income would, with all due respect, seem to contradict your thesis. Add to that a very considerable beneficial shareholdings of the Founder/Chairman (50% plus), and IMO his interests are very closely aligned to other shareholders. Finally, kingston68, you seem to have a unhealthy fixation with this share (and the company's supposed financial engineering) which is decidedly suspect. In any event, your prolific posting is clearly not having much of an effect on the other participants on this board (ie you seem to be ignored). Perhaps you should apply your energies elsewhere, as it would seem unlikely that you have any interest in investing in "such as suspect company". IMV that is undoubtedly a sound response, so will not be responding to any of your posts in the future.
grahamburn
20/2/2018
15:46
You may call me biased, but I am simply speaking the truth. Many people don't understand accounts and those investors rely on what they read in the company's reports. Quite understandably, the directors would like to emphasise the good points and hide the bad points. Some companies pay a dividend even when they have a large pension deficit, for example, to appease investors. This is a political game. I have analysed the accounts of VP and its main trading subsidiaries. The trading subsidiaries did not perform as well as the way they have been glossed over because the parent company cross charges tiny amount of directors' remuneration to those subsidiaries even though they spent a lot of time on them. Similarly, those subsidiaries receive large interest-free loan from the parent company. Whilst the Group results would be the same, the reporting on individual subsidiaries has been distorted, ie their results have been flattered. VP continues to chase growth by acquisition. This is a piece of financial engineering to increase earnings per share using cheap debts. This strategy works well whilst the going is good but is not sustainable in the long term because things go in cycle. How is the Group going to service the debt mountain in an economic downturn? VP is not and will not be the last company adopting this type of acquisition strategy until they fall on the own sword some years down the line.
kingston78
19/2/2018
12:50
Well, you're certainly doing your best to constantly suggest that the price is too high!
kirkie001
16/2/2018
10:34
There is so little trading in VP's shares that it is difficult to say whether the share price is "genuine", for example, someone bought 30 shares at 880. Why would a small investor buy only 30 shares at a cost of £264 (plus broker's commission). It does not really make sense that this kind of small buying and selling continue, so far VP is concerned. Market makers, or indeed, anyone for that matter can manipulate the share price by buying or selling tiny amount. I would say this is a false market.
kingston78
15/2/2018
19:37
I fear for the worst to come for VP plc as ambition stretches the Group too far with lots of intangibles and bank borrowings weakening the Group’s balance sheet. The truth is that a good company should be able to grow organically and if by acquisition, should use its own cash resources rather than by borrowings. It is a bridge too far in the economic cycle, which I think the board of VP has misjudged.
kingston78
Chat Pages: 37  36  35  34  33  32  31  30  29  28  27  26  Older
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