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
  -14.00 -1.58% 874.00 1,367 16:35:02
Bid Price Offer Price High Price Low Price Open Price
860.00 888.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 362.93 28.37 46.92 18.6 351
Last Trade Time Trade Type Trade Size Trade Price Currency
16:11:21 O 517 872.40 GBX

Vp (VP.) Latest News

Vp News

Date Time Source Headline
03/2/202116:31UKREGVp PLC Director/PDMR Shareholding
03/2/202116:28UKREGVp PLC Director/PDMR Shareholding
04/1/202116:41UKREGVp PLC Second Price Monitoring Extn
04/1/202116:36UKREGVp PLC Price Monitoring Extension
23/12/202016:41UKREGVp PLC Second Price Monitoring Extn
23/12/202016:36UKREGVp PLC Price Monitoring Extension
17/12/202008:09UKREGVp PLC Statement re. CMA infringement notice
07/12/202007:00UKREGVp PLC Interim Results
27/11/202007:00UKREGVp PLC Notice of Half Year Results
27/10/202016:41UKREGVp PLC Second Price Monitoring Extn
More Vp News
Vp Investors    Vp Takeover Rumours

Vp (VP.) Discussions and Chat

Vp (VP.) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-02-26 16:11:22872.405174,510.31O
2021-02-26 15:28:31872.403002,617.20O
2021-02-26 12:02:48872.403903,402.36O
2021-02-26 10:53:29876.3033289.18O
View all Vp trades in real-time

Vp (VP.) Top Chat Posts

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 888p.
Vp Plc has a 4 week average price of 770p and a 12 week average price of 730p.
The 1 year high share price is 1,040p while the 1 year low share price is currently 499p.
There are currently 40,154,253 shares in issue and the average daily traded volume is 54,621 shares. The market capitalisation of Vp Plc is £350,948,171.22.
brummy_git: Latest commentary here wrt today's positive H1'21 results from Vp hxxps://
brummy_git: Latest commentary here wrt today's positive trading update from Vp ahead of its 10am AGM hxxps://
edmonda: Results are in line , with adj PBTA reaching a record level. Obviously coronavirus means uncertain outlook in short term , but even without forecasts yet the shares at 800p appear attractively priced, trading on trailing 8.9x PER, 1.9x price:book and 4.9x EV/EBITDA multiples - offering upside potential for patient investors vs peer group averages. Full note from Equity Development just published (with debt and re-opening of construction addressed) . Free access here:
edmonda: Amidst a rush of updates today, Vp look in good shape: trading 'satisfactory' since interims in Dec and FY seen just marginally below expectations. New research from Equity Development just published shows low rating: trailing 5.5x PE, 1.2x Price:Book and 3.8x EV/EBITDA - vs 860p/share fair value. Click here for full note:
edmonda: Interims show 'good progress' and Board 'confident of a positive full year' says the Chairman PBT £25.9m , EPS 52.5p and H1 div 8.45p +3%. New research note out from Equity Development, notes Group's resilience and retains fair value at 1075p/share. At last close of 890p, the stock trades on EV/EBITDA, EV/EBIT and PER multiples of 5.0x, 9.6x and 9.0x, equivalent to a 10%-30% discount vs the equipment rental sector. Free access to read, just click here:
equitydev: hxxps:// The holy grail for corporates is to create a sustainable edge that produces superior returns over the long term, and whose advantage is not eroded by time or competition. We think specialist plant hire firm Vp, with its strong niche positions, has achieved this. What’s more at 810p, its shares today trade at an historically low 8.0x PER, whilst also paying a 4.0% yield. Sure there are some macro headwinds, such as Brexit, lackluster global growth and US vs China trade wars. Yet equally the company is performing well, as illustrated again this morning. Here the group said that FY20 was on track to hit expectations. UK infrastructure spend is “holding up well”, whilst housebuilding remains stable, due to near-record levels of employment, low borrowing costs, good mortgage availability and the popular Help to Buy scheme. Partly offset by softness in general construction, particularly centred on London and the South East. Elsewhere, the £69.2m acquisition of Brandon Hire in Nov’17 has been successfully integrated with Hire Station. Some of the synergies will be realised later, albeit we estimate the deal should ultimately deliver c.£4m of annualised savings, related to procurement/cost improvements, economies of scale and greater asset/inventory utilisation. In turn, boosting the original RoI from 8.7% to >14% - materially above Vp’s ‘through cycle’ cost of capital. Lastly, despite experiencing a “softer start to FY20” than anticipated, Vp’s International division has recently enjoyed an uptick in activity levels across petrochemical and test & measurement. All told, we reiterate our adjusted FY20 PBT forecast of £49.6m and 1,075p/share valuation – offering 33% upside to patient investors.
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.
kingston78: VP's continues to pay higher dividend year after year. This is unsustainable because the Group does not generate sufficient cash. It is no good to look at the Group's announced statistics because they are in a way distorted and meaningless. The balance sheet tells me a different story. The company has higher Trade Creditors and a huge bank borrowing (to finance the Brandon Hire acquisition). On the other side of the equation it has huge intangibles. You know what intangibles mean. They don't have tangible value. They are there to balance the books (purchase price minus net book value/fair value acquired). It added £55 million of intangibles to its balance sheet when acquiring Brandon Hire. In plain English, this is money paid upfront to the Vendors of the Brandon Hire business in the hope that the business will generate sufficient cash in the future. Any hiccup will result in write-down in the future, as we have witnessed too often elsewhere. There will be more bad debts to hit the plant hire division. The only saviour so far is a piece of financial engineering in that the company has used its cheap debt to pay off £25 million expensive loan inherited from Brandon Hire, thus saving the group interest charges. This will enhance group profit and earnings. VP's future is not as rosy as the directors have painted. Brandon Hire was acquired in November 2017. It contributed only 4 months worth for the year ended 31/3/2018. For the year ended 31/3/2019 Brandon contributed a full 12 months to the group. All the statistics of course are +++++. But the bottom line is more pedestrian, which for reasons mentioned above does not justify higher dividend, in my opinion. Time will tell whether my analysis is correct.
kingston78: Depreciation is a major component of cost of sales in the plant hire industry. Amortisation (of goodwill on acquisition and other kinds of goodwill and intangibles) is also a recurring charge to the Profit and Loss account. It is more so as VP is building up its businesses via acquisition rather than by organic growth. Turnover will obviously increase as the group expands. Other performance measures will obviously improve because they are stated pre-amortisation and pre-depreciation, and also pre-interest. These measurements flatter the results of the trading divisions. Moreover, a lot of central costs etc are charged to the Holding Company and anything that may be classified as Exceptional will be charged as such to flatter the divisional results. In short, the divisional results are not as good as they are portrayed to be. You need to look at cash flow,net debts and the overall Balance Sheet to gauge the financial health of the Group. Growing by acquisition and by debt has many weaknesses. On trading practices and allegation of price fixing, the CMA will no doubt carry out a detailed investigation and act accordingly.
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:
Vp share price data is direct from the London Stock Exchange
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