Vp Share Discussion Threads

[rivaldo] 11/12/2006 20:56

AndyH78, looks like you got your break of 320p. Should be good for a re-visit of 370p now hopefully.

[rik shaw] 11/12/2006 18:48

Hopefully next stop 400p with a following wind.

[andyh78] 11/12/2006 15:07

This 320p is a key point for me, I believe once we break it, we will be at old highs fairly swiftly.

[rivaldo] 11/12/2006 14:15

Thx DJ, interesting that VP. were being tipped at 325p 9 months ago...things have moved on a bit since then.

Good to see the uptrend continuing today.

[ed 123] 10/12/2006 23:40

Got some VP. Happy with the interims.

IC comment looks fair to me. Agree, should be more share price upside.

Intend to hold onto these. Looks a good growth stock, IMHO.

[diogenesj] 10/12/2006 22:09

Nothing new, rivaldo: quoted the Numis forecasts, and said "VP...[has] barely moved since our buy tip at 325p (17 March 2006), but with strong end markets and the potential to make acquisitions, on 13 times 2007-08's earnings estimates, they remain a buy."

[rivaldo] 10/12/2006 22:02

Ta for that info DJ. Your thoughts echo mine with value at around 370p - though I believe existing forecasts are too low and analysts have left room for upgrades. Did the IC have anything particularly interesting to say?

FYI in case anyone was unaware, VP. goes ex-div this Wednesday for the 2.25p interim divi.

[diogenesj] 09/12/2006 11:24

Not sure if it's been mentioned here: the IC had a buy rec on these yesterday (fwiw).

[diogenesj] 09/12/2006 11:17

Numis, according to a report I have seen, said that these were excellent results, ahead on all measures. Despite that, they have maintained their forecasts unchanged and their target price at 350p. Haven't seen the note so I can't comment on their reasoning, but I'd have thought that the existing forecasts justified a price of 370p or so, somewhere near the old high, and that we are likely to see both the forecasts and the price rising further in the course of the year.

[thebarrelboy] 08/12/2006 23:13

Nice to see things turning out well.

Next time I'll stick with my own advice!

[rivaldo] 08/12/2006 15:49

Nice move today, and looking like it's about to bust back up chart-wise. Not sure about Numis Green Sand, but I imagine they'd have held and maybe lifted the 350p target.

VP. is a nice solid ISA play imo, capable of achieving another 20% from here - particularly given that the broker forecasts look too low imo given the excellent interims.

[green sand] 08/12/2006 10:55

Thanks rivaldo,

Not had chance to really study the numbers yet (day job has to go!) but all looks well. I seem to remember that Numis had a 350p target back in July. That has got to improve following Monday's numbers?

[rivaldo] 08/12/2006 10:27

Found this about the results too:



"Teather & Greenwood Welcomes Vp Interims

Monday, December 04, 2006 5:22:51 AM ET
Dow Jones Newswires

0909 GMT [Dow Jones] Teather & Greenwood says Vp's (VP.LN) 1H results confirm "the successful integration of last year's acquisitions." The bank highlights sales up 29% to GBP61.3M and pretax profit up 42% to GBP7.8M. Notes Vp has been making more use of its balance sheet by adding new hire areas. Adds "there was little to surprise in the performance of the seven business areas, but weak Telehandlers, continued improvement in Tool Hire and the contribution of Trax, acquired last year, catch the eye." Keeps at buy. Shares trade +6.6% at 320.75p. (BBL)"

[rivaldo] 08/12/2006 07:24

The IC say Buy today:



"Company Results:
* Buy...- VP"

[diogenesj] 05/12/2006 15:35

Seems to me (fwiw) they must be worth 370p or so, even without forecast upgrades.

[rivaldo] 05/12/2006 15:24

Edging up slowly. With 13.9p adjusted EPS in H1 this is still too cheap imo. VP. is just the sort of solid, growing company fund managers love to buy into -we will hopefully see decent buying over the next couple of months which may well drive the price further than 350p Mr Mole.

[mr mole] 04/12/2006 22:09

I'd be disappointed not to reach 350p in quite quick order and am surprised projection for the year was not pushed up by NUMIS. I'd agree that EPS for 2006 should now be 25p+, ie figure currently being shown for 2007.

[rivaldo] 04/12/2006 21:32

Wotcha GB. Yep, sold out of HYC at 240p or so from memory :o(( Still, 75% is 75% eh, can't complain!

Surprised at the pullback this afternoon. WJ, TPA is seasonal, but of course this half VP will get a four month contribution from MEP Hire, plus you'd expect Bukom to contribute further following initial integration post-acquisition. It shouldn't be a stretch to at least double the adjusted EPS for HI to reach 27.8p EPS for the year.

PeterITM, you'd have to assume 15% from this morning's share price, i.e around 350p.

[greatbull] 04/12/2006 17:43

Hi Rivaldo. Nice to have you on board. Shame you missed out on Hyder Consulting. Hope you had your money tied up on something else as profitable.

All the

Gb.

[petersinthemarket] 04/12/2006 14:30

15% upside? - up from where?
Whats the new target share price

[rivaldo] 04/12/2006 12:53

Positive broker comment from Numis - 15% upside, with an Add recommendation:



"Equipment rental specialist Vp plc today said first-half pre-tax profits grew 42% to £7.8m, reflecting strong organic growth and the successful integration and development of acquisitions. As at 10.45am, shares were trading up 5% at 316.25p.

In the six months to 30 September, revenue climbed 29% to £61.3m, while operating profit registered at £8.77m. The group said that over 30% of profit growth came from organic growth - its Groundforce, Airpac Bukom, Torrent Trackside and Hire Station businesses all reported growth in operating profits. Meanwhile, TPA, a supplier of portable roadways that was acquired in November 2005, also registered a strong half. However, UK Forks, which supplies handling equipment for rough-terrain materials, saw profits fall owing to reduced activity levels in the housebuilding and construction sectors.

Looking ahead, chairman Jeremy Pilkington said the markets that Vp serves are in good health, with strong growth prospects over the short to medium term. He added that the group is well positioned to deliver a satisfactory result for the year as a whole.

Commenting on the results, analysts at Numis said Vp's results were ahead of expectations on all measures. "The outlook for the future looks positive against a backdrop of solid market conditions, while its relatively undergeared balance sheet should enable further earnings-per-share enhancing corporate activity over the next 12 months," said Mike Allen. "Our forecasts and target price remain unchanged for now, but with 15% upside the shares are in Add territory." "

[saucepan] 04/12/2006 10:52

Excellent results. There was no hype or run up towards results, so there is unlikely to be a mass exodus. I am confident of more to come short term when analysts do their figures and - as Andy says - the likes of IC provide their coverage.

Very encouraging; and yes, technically this now looks superb.

[andyh78] 04/12/2006 10:43

Agreed, look out for broker notes, and IC/Shares mag tips at the end of the week should see us reach old heights pretty soon.