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 Shares Traded Last Trade
  -20.00 -2.44% 800.00 1,726 15:11:39
Bid Price Offer Price High Price Low Price Open Price
800.00 810.00 810.00 800.00 810.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 382.83 33.58 65.20 12.3 321
Last Trade Time Trade Type Trade Size Trade Price Currency
16:53:42 O 100 809.03 GBX

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Vp (VP.) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-10-18 15:53:42809.03100809.03O
2019-10-18 15:35:02800.006164,928.00UT
2019-10-18 14:28:42809.004073,292.63O
2019-10-18 14:11:39800.0018144.00AT
2019-10-18 14:11:39803.6450401.82O
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Vp (VP.) Top Chat Posts

DateSubject
18/10/2019
09:20
Vp Daily Update: Vp Plc is listed in the Support Services sector of the London Stock Exchange with ticker VP.. The last closing price for Vp was 820p.
Vp Plc has a 4 week average price of 780p and a 12 week average price of 740p.
The 1 year high share price is 1,115p while the 1 year low share price is currently 690p.
There are currently 40,154,253 shares in issue and the average daily traded volume is 3,549 shares. The market capitalisation of Vp Plc is £321,234,024.
25/7/2019
15:12
kingston78: Today's statement on current year's trading is relatively subdued compared with the company's rosy and upbeat annual and interim statements. The construction industry is in decline and there will be more competition for lower margins. VP's overseas divisions are small. VP has not reduced its net debt and overall liability since its expensive acquisition of Brandon Hire. The Competition and Market Authority will continue to investigate into VP for cartel malpractice. Fines and penalties by regulatory authorities throughout the world, including the UK,are getting heavier and harsher. VP's provision on this aspect is unlikely to be adequate. Moreover, it is quite possible that VP's other divisions may be investigated. The weekly chart did not bold well for a week, with the signal cutting down. Now the share price has fallen below £8 the next stop will be £7 testing its previous low.
08/4/2019
08:19
edmonda: 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
07/4/2018
07:11
my retirement fund: Unusual jump in share price given it's in an establishing downward trend. Any reason ?
20/2/2018
20:47
grahamburn: 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.
16/2/2018
10:34
kingston78: 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.
17/1/2018
22:27
kingston78: 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.
08/12/2017
16:36
kingston78: 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?
07/12/2017
22:21
kingston78: 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.
01/12/2017
16:59
kirkie001: Interesting comment, based on not much more than your perception that the share price should be lower, rather than any actual knowledge or insight?
25/11/2017
12:42
kingston78: Some analysts do not know what they are talking about because they do not have the necessary accounting knowledge and analytical skills to delve into the details. Moreover, they are using the wrong measurement of success, using EBITDA as the main indicator. This financial ratio was invented in the 1990's during the internet boom when most startup companies were losing money, so EBITDA would show them in a better light. Please remember that interest, tax, depreciation and amortisation are a real cost. Interest and tax need to be paid. Depreciation and amortisation reflect the use of the fixed assets which are depreciating as they get older, and they will be replaced one day. There will be a cash effect. EBITDA should not be used for mature businesses and most companies. Management and their house brokers should not be fixated by EBITDA. The latest audited accounts of Brandon Hire show a turnover of £80 million, EBITDA £6 million, but wait, the profit after tax is a mere £511,000. Using the cash consideration paid by VP Plc of £41.6 million the P/E ratio paid for this acquisition is 81 times [£41,600,000 / £511,000], which is an astonishing figure. VP Plc will assume their debt of £27.2 million. Assuming they negotiate with the Finance Lease creditors and pay off those debts immediately, it is true that Brandon Hire will save a lot of interest and increase the bottom line profit. The total enterprise value paid for this acquisition is £68.8 million [41.6 + 27.2 debt]. It would appear to me that VP Plc has done this deal for commercial reason to increase market share However, Brandon has 143 locations with 900 employees. It will not be easy to integrate successfully and rapidly. I believe that VP has over estimated the effect of synergy and under estimated the scale of the challenge of integration. If the debt of £27.2 million remains in Brandon's balance sheet it will probably produce a similar bottom line profit of £500,000 per annum. This will not enhance VP's earnings per share, but in fact will depress it. I believe that this is a very poor decision by VP in taking over Brandon Hire. Brandon Hire must have been struggling to some degree because it had little cash but a large debt and producing little profit despite a high turnover. Turnover is vanity, profit is sanity and cash is king. VP is misguided. The management has failed to see the motto above. There is a lot of price cutting now in the plant hire industry, akin to the price wars between supermarkets. You know what that will lead to profitability, earnings per share, cash flow and the company's ability to pay a dividend. P/E ratio will go down so will the share price. VP's share chart looks toppy and is now turning downwards. It is time to take profit if you own shares in this company.
Vp share price data is direct from the London Stock Exchange
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