Share Name Share Symbol Market Type Share ISIN Share Description
VP 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
  +10.00p +1.12% 900.00p 890.00p 910.00p 910.00p 910.00p 910.00p 513 16:35:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 248.7 30.3 60.3 14.9 361.39

VP Share Discussion Threads

Showing 876 to 900 of 900 messages
Chat Pages: 36  35  34  33  32  31  30  29  28  27  26  25  Older
DateSubjectAuthorDiscuss
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
09/2/2018
12:47
The CMA will report its findings in March. No one knows what the findings will be, however, it is understood that VP is not allowed to integrate Brandon Hire in the meantime. This is not going to help VP's business plan.
kingston78
04/2/2018
14:40
There was a typo in my previous post in that the current amount of borrowing is in the region of £200 million (not £120 million as I erroneously stated). When you dissect the individual accounts of VP's subsidiaries you will find a lot of financial massaging. Whilst the overall group results would be the same the Holding Company charges no interest to the operating subsidiaries and cross charges a tiny amount of directors' remuneration to them. This means that VP can boast about the great performance of those operations whereas in reality their trading results have been flattered. A company expanding rapidly via acquisition and financed by debt will make you wary. I have seen it all before. There were great companies with good reputation and a cash mountain have been destroyed by poor acquisitions built on debt. Those good companies were completely destroyed in only a short few years.
kingston78
03/2/2018
22:27
The current balance sheet of VP Plc after its acquisition of Brandon Group would have £91 million of intangible assets. This is because Brandon Group had a net asset of only £7.5 million (actually it had a negative balance sheet of £1.9 million if we stripped out its own intangibles of £9.4 million), and the purchase price paid for Brandon was £41.6 million in cash[goodwill = £41.6 minus £7.5 million = £34.1 million). Funnily enough, the seller did not take shares in VP. On the other hand its borrowing has increased to at least £120 million, as the acquisition has been funded entirely by borrowing and VP has also assumed the existing £27 debt of Brandon. Intangible assets are worthless in practice. These are goodwill on acquisition (to balance the books in accounting terms), unlike IP which has a value. The balance sheet is now very stretched. The idea of the acquisition was to buy market share and enhanced earnings (replacing Brandon's expensive debts with cheaper borrowings). This strategy will come back to haunt the existing and future management when the demand for its services drops. It will be a downward spiral chasing business at all costs and at lower margin. VP is becoming a mini version of Carillion. Ego and ambition get the better of the present board of directors.
kingston78
30/1/2018
12:10
I doubt it, to be honest. It looks a good acquisition, made at a good time in the economic cycle with the opportunity of refinancing a load of debt into a longer, cheaper, affordable structure. And this share is so thinly traded that it barely moves at all. A long-term hold.
kirkie001
30/1/2018
09:11
The share chart does not look good. It is likely that it will drop to 800p as a first stop. If it does not hold there it will drop to 700p.
kingston78
28/1/2018
22:44
The CMA is inviting interested parties to send in their views about VP's acquisition of Brandon Hire. In the event that the CMA asks VP to divest some of the Brandon Hire's branches its acquisition plan will falter, and the economy of scale that it envisaged will not be achieved to the full. However, in the event that the CMA waves through the deal VP will be left with an expensive acquisition financed by debt. Brandon Hire made so little pretax profit because of its debt mountain paying a lot of interest. It is wrong for people to be fixated about EBIDTA. Industry sources have revealed that Brandon Hire has adopted aggressive pricing to win over customers. It has probably adopted a Carillion style of chasing turnover at the expense of margins. The VP board of directors will regret this deal when they look back in a few years time.
kingston78
18/1/2018
02:43
Sold rest of my holding on Monday after having a decent sized position for 4 yrs. Wasn't over keen on Brandon acquisition and little nervous about any possible exposure to CLLN. Dropped the Co an email over the weekend asking them to clarify but have had no response to date. Suspect it will be modest and covered by insurance but would have preferred to know. Like the management team here and I'm sure they can knock Brandon into shape over time but given where we are in the current cycle & the level of existing debt even prior to acquisition I wanted to be cautious. Best of luck all holders.
tudes100
17/1/2018
22:27
VP has bought poor quality earnings from Brandon Hire, which because of its huge debt has high interest charges, denting its pre-tax profit to a mere £1 million. From VP's perspective this acquisition is a piece of financial engineering because it has borrowed from banks at a low interest rate to pay off some or all of Brandon's HP liability I presume, so that the overall earning of the enlarged group is enhanced. So far so good until the tide turns for the worse when trading becomes difficult with rising interest rate and the Groups' net debt becomes more difficult to manage. P/E will fall, so will the share price. Dividend will fall because the company's cash flow will be constrained. As an investor I am wary of a company's rapid expansion built on debt. Carillion is a classic example.
kingston78
09/12/2017
00:26
trading bot, read Michael Lewis Flash Boys
tudes100
08/12/2017
16:36
At the close someone bought 12 shares at just under 900 p. During the day there were sells at much lower price. Someone, or could be a fund manager, tries to maintain a high share price buying small number again at the close. I would call this manipulation. Is this another scandal?
kingston78
08/12/2017
02:50
worth a read on VP debt... www.sharescope.co.uk/richardbeddard_article185.jsp
tudes100
07/12/2017
22:21
I have observed in recent days that some people appear to be manipulating the share price by buying in small number (17 shares) towards the close paying at a "high" price, thus pushing up the share price.
kingston78
03/12/2017
23:44
I don't even need any charting software to predict a price of 800 p. Many years of experience tell me that the shares were running of steam at around 920 p when it could not break new ground. Subsequent attempts to move higher were muted. As soon as the price fell below 900 p you could see the next stop at 800 p where there were supports on three previous occasions. I normally use candle chart. Share prices go in cycles, and even very successful companies see their price fall from time to time. Personally, I would not invest in plant hire companies at the current economic climate. Growing by acquisition carries risk, and the risk becomes bigger when the Company borrows heavily to finance the acquisition.
kingston78
03/12/2017
17:55
Still comfortably above 50-, 100- and 150-day moving average. What chart formation are you using to suggest 800p? There's plenty of support in between here and there.
mammyoko
01/12/2017
16:59
Interesting comment, based on not much more than your perception that the share price should be lower, rather than any actual knowledge or insight?
kirkie001
Chat Pages: 36  35  34  33  32  31  30  29  28  27  26  25  Older
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