Vp Share Discussion Threads

[talltalk] 05/6/2008 11:56

I am looking seriously at VP. after waiting for the results .

I am surprised that there are only 3 posts today:
One is positive , one is negative and the results are not commented on by one poster who put a summary of today's rns on here

tt

[werdna78] 05/6/2008 10:32

but look at the amount of cash they spent on their rental fleet. £45 million on new fleet from a base of 77 million.

They increased the fleet by 31% and only a 23% increase in revenue? This would suggest that they are not getting as good untilisation from their fleet.

The profit number is just an accounting fudge as the depreciation on these types of companies masks the true picture.

Depreciation of £17 million says that the fleet has an average useful life of 5 years plus. You would expect to get the best revenues from newer items therefore this year the new £45 million of fleet should have done better but it didn't increase revenues as much as the book value.

I would suggest that they have made a bit of a balls-up and heavily invested in fleet just as a reduction in demand is occuring.

[mog] 05/6/2008 07:51

Excellent results, beat expectations of 30p by 20%, and outlook seems good. They reckon they're quite resilient to the downturn in construction:

The Vp business model calls for market leading positions in specialist sectors with value adding opportunities, increasingly outside of mainstream construction. Energy, infrastructure, environmental quality, health and safety legislation and the continuing trend to outsourcing are all key drivers in the Vp business mix. The changing economic climate will undoubtedly present challenges to growth but as yet we have not seen any significant impact on our markets, with the exception of UK residential construction. New housing starts have clearly slowed but we believe that any softness here will be more than offset by buoyancy elsewhere, particularly within the oil and gas and electricity transmission sectors.

[papalpower] 05/6/2008 07:22

RNS Number : 0059W
Vp PLC
05 June 2008

Final Results

Vp plc, the equipment rental specialist, today announces its Final Results for the year ended 31 March 2008.

Highlights

· Revenues ahead 23% to £149.3 million (2007: £121.6 million)
· Profit before tax and amortisation rose 39% to £20.2 million (2007: £14.5 million)
· Basic earnings per share up 48% to 36.09p (2007: 24.40p)
· Proposed final dividend of 7.7p per share, increases the total dividend for the year by 27% to 10.50p per share (2007: 8.25p)
· Significant capital investment of £43 million in rental fleet; eight acquisitions completed for an aggregate consideration of a further £11 million
· Solid balance sheet with strong operational cashflows

Jeremy Pilkington, Chairman, commented:
"This is another year of record results reflecting the underlying strength of the Group, and the successful implementation of our strategy to build a resilient business with diversified market exposure and leading market positions. We look forward to the future with confidence.'

[contrarian2investor] 24/4/2008 10:41

PapalPower,

Good rise close of play yesterday and a good start this morning in spite of the general market. I can't find any news.

Any ideas anyone?

C2I

[papalpower] 24/4/2008 01:45

c2i, thats exactly what I was thinking, provided VP. do their thing right, they should be moving more and more into a very good period of business for them.

[contrarian2investor] 23/4/2008 18:20

Hi PapalPower & other fellow holders,

As a contrarion investor whilst I can see that stocks and the stockmarket are indeed going to be turbulent over the next 18 months, until all the horrors of the banking industry fully plays itself out.

I believe that just like in the US where companies are finding it hard to make eqipment purchases and also need to tighten budgets. They will endeavour to outsource equipment from and outsource work to contractors like VP. So VP could well find itself in a sweet spot. But only if they too can manage their finite resources.

I am a holder and intend to keep buying when the market wobbles. I will only sell if VP WOBBLES or comes out with some bad news.

C2I

[papalpower] 18/4/2008 03:08

Creeping up.

[papalpower] 11/4/2008 14:51

Well, thats a more defined move upwards now :)

[papalpower] 05/4/2008 01:29

Might be time for a more defined move upwards.

[papalpower] 04/4/2008 14:00

Moving up a little now.

[papalpower] 04/4/2008 08:02

Vp PLC
04 April 2008

Vp plc
('Vp' or 'the Group')

Acquisition


Vp plc, the equipment rental specialist, announces the acquisition of the entire issued share capital of Redding Hire Limited ('Redding') for a consideration of £2.9m.

Redding, which operates from its base in Northamptonshire, has been established
for over 17 years and is engaged in the hire and sale of shoring products and
plant to the construction and civil engineering sectors.

Redding will operate within Vp's Groundforce division, enhancing the
geographical network for that business. In the future, Redding will be able to offer its customer base a wider range of services.

Jeremy Pilkington, Chairman of Vp plc commented:

'We are very pleased to acquire the Redding business which will further
strengthen Groundforce's geographical distribution and customer base.'



- Ends -

[papalpower] 02/4/2008 07:09

Vp PLC
02 April 2008

Vp plc

('Vp' or 'the Group')

Acquisition

Vp plc, the equipment rental specialist, announces the acquisition of the entire issued share capital of UM (Holdings) Limited and its subsidiaries ('U Mole') for a consideration of £4.5m.

U Mole, which operates across the UK from its base in Cambridgeshire, has been
established for over 20 years and is a leading provider for the hire and sale of trenchless installation equipment to the utility contracting markets.

U Mole will operate as a separate activity within Vp's Groundforce division,
managed by the highly experienced team transferring with the business. U Mole's services and expertise in trenchless technology techniques are complementary to Groundforce's existing expertise in providing shoring solutions for conventional excavations.

Jeremy Pilkington, Chairman of Vp plc commented:

'We are delighted to welcome the long established and well respected U Mole
business into Vp. U Mole, operating in the regulated utilities sector with
which we are familiar, provides value added services and expertise which will
complement Vp's existing offering to those markets.'


- Ends -

For further information please contact:

Vp plc
Jeremy Pilkington, Chairman Tel: [phone]
[e-mail]

Neil Stothard, Group Managing Director Tel: [phone]
[e-mail] www.vpplc.com

Mike Holt, Group Finance Director Tel: [phone]
[e-mail] www.vpplc.com


Media enquiries:

Abchurch Communications
Sarah Hollins/ Louise Thornhill Tel: [phone]
[e-mail] www.abchurch-group.com

[papalpower] 02/4/2008 01:19

Shot up end of the day, again minimal volume.

[papalpower] 27/3/2008 09:42

No volume yesterday, and again a little tick up today so far.

[papalpower] 26/3/2008 10:39

Up a tad today, no volumes so far so no idea why as yet. Late reported trade to come perhaps ?

[papalpower] 21/3/2008 14:52

Hi Kirkie, yes, it looks a very good play going forward. Yield of around 3% (based on the circa 10p div). Certainly decent value in there at these prices, and 400p should be realised again in time.

[kirkie001] 21/3/2008 14:47

Thanks for the new thread, PP. I've been in this for a while and to be honest am annoyed that I didn't get out around 400p a few months ago - but I'd be lookig for a return to there.

K

[papalpower] 21/3/2008 05:35

Shares in issue: 46.2m 5p Ords

Major Shareholders % Holding

Ackers P Investment Company ======== 51.28%
JP Morgan Fleming Asset Management = 9.25%
VP employee trust ================== 8.00%

[papalpower] 21/3/2008 04:59

Profits should be circa £19 million and that will equate to earnings of around 30p levels, all being well, leading to a div of circa 10p.

[papalpower] 21/3/2008 04:57

Last Update :



Vp PLC
18 February 2008

Vp plc

('Vp' or 'the Group')

Interim Management Statement

Vp plc, the equipment rental specialist, today advises that since the Interim
Results announcement on 27 November 2007, the performance of the business has
remained positive across the wide range of market sectors which it serves.

Activity levels have built up satisfactorily since the Christmas break, and
whilst we have seen no discernible impact from the problems in the wider
financial markets, the Group remains alert to any changes. USS and PTA,
acquired for £0.6m, and Able Safety, acquired for £0.75m, both in November 2007, have integrated well into the Groundforce and Hire Station divisional businesses respectively.

The Group continues to experience good demand for its products and services and
expects to be able to report earnings in line with market expectations, which
would represent significant growth on the previous year.

- Ends -

[papalpower] 21/3/2008 04:57

Vp plc, the equipment rental specialist formerly called Vibroplant which was founded in 1954. Vp is a well established group which has evolved over its 50 years of trading from a broadly based plant hire company to a service based group providing equipment rental and associated services to a range of market sectors. Floated on the London Stock Exchange in 1973, Vp now comprises 6 business divisions :-

TPA
Portable roadway systems, bridging, fencing and barriers primarily to the UK
market, but also in the Republic of Ireland and mainland Europe.

Hire Station
Tools and specialist products for industry, construction and home owners.

Torrent Trackside
Infrastructure equipment and services for the railway renewals and maintenance
industry.

Groundforce
Excavation support systems and specialist products for the water, civil
engineering and construction industries.

UK Forks
Rough terrain material handling equipment for industry, residential and general
construction.

Airpac Bukom Oilfield Services
Equipment and service providers to the international oil and gas exploration and
development markets.