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
  -15.00 -1.49% 990.00 990.00 1,020.00 990.00 990.00 990.00 8,274 16:29:52
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 308.0 -2.3 -11.6 - 398

Vp Share Discussion Threads

Showing 801 to 825 of 950 messages
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FY17 forecast PE 12.7x, looks pretty good value to me given a) UK construction strong b) its largely an infrastructure play and should be defensive in any risk off macro environment c) O&G cycle should turn in the next 24 months. All imo
I think the Interims in November should be good. They were confident in July and investing in additional plant for hire. The shares never look cheap but I think look very reasonably priced currently and HSS have their own problems . I am looking to top up with the shares nearly £1 down on their 2015 high
SP fell off to year low in Sept 14, then had a modest run up to the HY results in November. VP is one of my largest holdings but will look to top up if we see more weakness across the coming months. Looking oversold at the moment but with the markets so choppy suspect there may be a better opportunity later in Sept/Oct.
Immediate cause may be Unicorn fund reducing its holding. HSS result may have influenced it, although I think HSS has had its own problems and is not necessarily a good guide to sector performance. IMHO and DYOR
SP under pressure today, most likely from HSS warning. Held up very well in the last week given general market conditions.
I don't think the detail of the website should distract us from the investment merits of VP shares , which I believe are excellent. After all I doubt if major investors ever look at a Company website - they just pick up the phone and ask a Director if they want info. Regards GAN
Ta, ganthorpe. You're running ahead of me. :-)
ed 123
Many thanks ganthorpe
Yes I had a word after the meeting about the website including the confusing forecasts , the financial calendar(not) and the "figures from the AR" which weren't. I hope we will see it corrected very soon. I wasn't going to mention it on line , but since you raised the topic. Regards GAN
Many thanks, ganthorpe. :-) I guess with the low dividend, it leaves more capital for buying kit to produce bigger earnings going forward. We're still in a time of 0.5% base rate, so a 2% dividend is better than some cash deposit rates. Did anyone comment on VP's website Estimates and Consensus page? http://www.vpplc.com/investor-info/broker-forecasts/ If 2015 eps was 54.9p and the business is performing well, why is the 2016 consensus only 53.46p eps? This an average of 4 brokers, who all updated as recently as this month. I find it puzzling. Anyway, I'm with you, expecting 60p or so eps this year.
ed 123
I went to the AGM. Nothing very exciting. There was I felt confidence that overall things were going well with oil & gas rather slow and water orders getting in gear sfter a quiet first year of the five year regulation period.Construction still strong as probably the largest sector.There was some comment from the floor that progress in the share price was disappointing in view of the excellent record. The Board indicated that they were aware of the problem of getting VP's excellent record recognised better and were working on the matter. I feel that share price progress is not assisted by the low dividend yield and 3.3X covered dividend.There was a comment that about half the large expenditure on hire equipment was for expansion which bodes well for the current year. Overall I feel VP is well diversified to ride cutbacks in individual sectors and a sound if not too exciting investment for the medium term view. I saw the Equity Development note , which seems fair comment except that if markets continue as currently I would hope to see EPS nearer to 60P(v 57.3p) and dividends of around 18.5P (v 17.4P).Just a personal guess. I am just a small shareholder who happens to live near Harrogate. Hope that helps Regards GAN
Thanks, Brummy-git. Did anyone here go to the agm? Couldn't make this one, myself.
ed 123
Latest research out from Equity development following yesterday's AGM statement. hxxp://www.equitydevelopment.co.uk/doc/1375.pdf
AGM statement encouraging… "I am very pleased to report that the Group has had a solid start to the new financial year. The Group's key markets are generally performing well, with construction and housebuilding remaining positive. As anticipated the oil and gas sector remains quieter, as does transmission. The business continues to trade well overall, and we remain in a good position to deliver further progress in this financial year."
VP very briefly covered in the equipment hire sector review in this weeks IC. Not tipped some will be relieved to know and other than comment on recent strong performance and the fact the group is more diversified than HHS & Speedy there is little else. Very much under the radar still and with infrastructure plus tool hire exposure I'm still pretty optimistic for the Co given its modest forward rating vs competitors.
Shame no one out there - missing out on a great run with more to come.
Questor - 6th June UK-based rental company Vp [LON:VP] reported record profits last week after a recovery in the UK construction industry. The company is well diversified across construction, oil and gas and infrastructure, and hires out equipment from tools to small vehicles. Revenue increased by 12pc, to £205.6m, and pre-tax profits were up by 33pc, to £26.8m for the year ended March. “The UK construction sector has clearly moved into a modest growth phase,” said Jeremy Pilkington, the company’s chairman. Management confidence was underlined by an 18pc increase in the dividend to 16.5p, with the 11.5p final dividend going ex-dividend on July 8 and payable on August 7. Fleet investment The company generates profits from renting out its equipment, so confidence in future trading is demonstrated by a significant increase in investment in its fleet. Capital investment was £49.3m, up from £38.2m a year earlier, and significantly more than the £25m depreciation charge, which is a useful estimate for the costs to replace old equipment. The group operating profit margin was also impressive since it increased from 11.9pc to 14pc at the end of the year. While UK construction and, in particular housebuilding, were strong, the oil and gas industry has been carrying out less work as oil prices slumped. Profit full house Profits at every division improved but the stand-out performer was the tool hire business. Hire Station reported an increase of 81pc to £8.7m, while revenue grew 17pc during the year to March. Managing director Neil Stothard said the excellent performance was down to higher tool hire volumes going through a fixed cost base, which allowed profits to rise sharply. Profits from hiring tools are expected to rise again this year and management almost doubled investment in new equipment. The booming UK housing market is driving strong demand for forklift trucks and the UK Forks business reported profit up 60pc to £4m. Shares good value Elsewhere, the Airpac Bukom business that provides well-testing equipment to the oil and gas sector reported steady profits, but another challenging year is expected ,with oil prices 50pc below a year earlier. The core division of groundforce, which supplies hydraulic rams to shore up the sides of water utility works, posted 5pc growth in revenue, and a 10pc jump in profits to £8.8m. Vp is a well diversified business and should benefit from even a tentative recovery in the construction sector, and the continued demand for UK housebuilding. It is a solid operator and the shares, trading on 13.5 times forecast earnings and offering a 2.5pc prospective dividend yield, are worth holding on to.
Brilliant Numbers and great to see a rental company reporting a clean set of figures - the rest seem to be continually messed up with exceptionals which everybody realises are there to mop up the terrible management decisions made in recent years
Surprised me and the market on the upside. Hands up, I was expecting something more negative from Airpac Bukom. And more good news to come, they say. Very happy holder. Brummy_git. Your link is not working well for me. Is it to a mining company? Error at my end or mistake or spamming?
ed 123
New update note from Equity Development hxxp://www.equitydevelopment.co.uk/doc/1359.pdf
Patience rewarded, great set of results. A lot of discussion 5 months ago about the impact of oil & gas sector issues on the company and I think this has been well and truly put to bed now. Hoping the share price can crack that tough £7 resistance today and in coming weeks.
Excellent two page article in "Shares" Griller section today, culminating in a well argued buy rec..
Equity development this am; Commissioned research but still, encouraging. In its IMS this morning, Vp plc said "The Group has continued to trade well through the winter period assisted by relatively mild weather and customer demand has picked up steadily through the early part of 2015. The construction, housebuilding and infrastructure sectors remain strong, though we do anticipate a limited impact on our oil and gas related activities from the recent oil price reduction. The business is trading well, and with a momentum that leads the Board to believe that the Group will deliver results ahead of current market expectations for the year ended 31 March 2015". As a result we are increasing our numbers (again), and are now forecasting adjusted PBT (pre amortisation) for the year to March 2015 of £26 million, (against £20.05m in the previous financial year), followed by £27.5 million in the year to March 2016. Our new EPS forecasts for these 2 years are 52p (to 31/3/15) followed by 55.7p (to 31/3/16). As shown in our note, Vp shares are still very modestly rated against its peer group. On the back of these forecast increases we have raised our share price target from 725p to 775p. Download full report here
Statements from this company tend to be dry and understated, so 'ahead of market expectations' is strong language. As T100 says, they are so well diversified that any one sector can go down and the rest can remain OK. Oil related profits less than 10% of the total.
jon l
Patience rewarded, great news this morning. Softer Airpac Bukom performance to be expected, but more than made up elsewhere it seems.
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