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Vp Plc

0.00 (0.0%)
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
  0.00 0.0% 640.00 0.00 08:09:37
Bid Price Offer Price High Price Low Price Open Price
620.00 650.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Misc Equip Rental & Leasing 350.92 25.54 63.60 10.00 256.99
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 640.00 GBX

Vp (VP.) Latest News

Vp News

Date Time Source Headline
26/5/202307:00RNSNONVp PLC Investor Presentation with Equity Development
25/5/202307:00RNSNONVp PLC Presentation via Investor Meet Company
24/5/202307:00UKREGVp PLC Notice of Final Results
13/4/202307:00UKREGVp PLC Trading Update
08/12/202216:40UKREGVp PLC Second Price Monitoring Extn
08/12/202216:35UKREGVp PLC Price Monitoring Extension
05/12/202216:40UKREGVp PLC Second Price Monitoring Extn
05/12/202216:35UKREGVp PLC Price Monitoring Extension
29/11/202207:01UKREGVp PLC Board Changes
29/11/202207:00UKREGVp PLC Interim Results

Vp (VP.) Discussions and Chat

Vp (VP.) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-01 15:35:09640.00851.20UT
2023-06-01 15:18:03650.001,3008,450.00AT
2023-06-01 15:18:03650.002001,300.00AT
2023-06-01 13:23:37646.404342,805.38O
2023-06-01 09:37:04646.401064.64O

Vp (VP.) Top Chat Posts

Top Posts
Posted at 22/4/2023 09:57 by jonwig
Posted at 13/4/2023 15:13 by edmonda
On track to again grow profitably in FY’24 (new note from Equity Development)

Today’s “in line” FY23 trading update from Vp reiterates that it had made “good progress within its core markets” since the interims in Nov’22. It has benefitted from strength in civil engineering (eg highways) and infrastructure (eg water, rail & energy), alongside successfully lifting prices to cover input inflation as well as rightsizing some parts of the group to further reduce costs.

Elsewhere, the international energy & testing divisions also performed well, while residential housing has stabilised at lower levels - partly supported by robust RMI activity where millions of properties need modernisation.

As such, we retain our projections and £11.30/share valuation. Based on forecasted FY’23 revenues, adjusted PBTA and EPS of £365.5m, £40.2m & 75.9p (+6.5% YoY) respectively - climbing to £376.5m, £43.3m and 81.3p (7.2%) in FY’24. This in turn puts the stock (at 670p) on attractive FY’24 EV/EBITDA, EV/EBIT & PE multiples of 4.2x, 8.2x and 8.2x – whilst paying a 6.0% dividend yield. We believe this is simply far too cheap for a best-in-class, economically resilient business with a proven track record through thick & thin.

Posted at 29/11/2022 10:32 by edmonda
Solid H1 results from Vp as H1 sales rose +5.9% to £186.5m. It trades on modest CY EV/EBITDA and EV/EBIT multiples of 4.5x and 9.0x respectively and Equity Development retains its headline FY23 numbers and fair value of £11.30/share
Read new research note here, free access:

NB management webinar this Thursday

Posted at 22/8/2022 16:28 by sleepy
Why does VP still appear to be in an offer period?
Posted at 08/4/2022 08:06 by edmonda
FY trading @Vpplc was ‘ahead of Board expectations’. We are also optimistic about the medium-to-long term trajectory and upgrade our FY22 estimates, but for now retain a 1130p/share valuation.
As you can read in new ED note here:

Posted at 30/11/2021 07:35 by edmonda
#VP. UK infrastructure currently running at c. 40% above pre-pandemic levels (Source: ONS), driven by multi-year projects such as HS2, Hinkley Point & off-shore wind (re Transmission). These are all areas of expertise for specialist equipment rental, Vp. At the same time Vp has to content with the widespread material, labour & transport shortages, on top of surging input cost inflation.

This is causing disruption for most operators, but as evidenced by today’s improvement in H1’22 EBIT margins (12.8% vs 7.6% LY) and ROCE (13.5% vs 10.3%), neither profitability nor growth appears to have been too badly affected, regardless of some construction schemes are being pushed to the right. Here Vp has successfully managed the industry’s supply chain challenges via a combination of early fleet ordering, internal efficiencies, greater plant utilisation, fewer equipment disposals and improved pricing as 12 month contracts roll-over.

Meaning that all told, H1 revenues & adjusted PBT came in at £176.1m vs £182.8m H1’20 (or 96% of pre-Covid levels) & £20.2m (£8.6m) respectively. Consequently we reiterate our FY22 numbers and fair value of £11.30/share. With the stock (at 955p) being attractively priced both in absolute terms and vs peers - trading on FY22 multiples (pre IFRS16) of 14.0x PER, 12.3x EV/EBIT and 6.0x EV/EBITDA.

Posted at 04/10/2021 10:51 by edmonda
VP plc - “in excellent shape” as the recovery continues! New note out today from Equity Development following the company's trading update this morning - Vp is tightly managing costs, enhancing its operating leverage, and is “in excellent shape to capitalise” as the economy rebounds.

Check out full note here:

Posted at 30/7/2021 09:37 by tomps2
Andrew Hollingworth mentions VP (VP.) in the latest PIWORLD Interview at 17m29s and again at 17m53s

Watch the video here: Https://

Or listen to the podcast here: Https://

Posted at 22/7/2021 07:12 by brummy_git
As Warren Buffet says: “It's far better to buy a wonderful business at a fair price, than a fair company at a wonderful price”.

Equipment rental specialist Vp fits the bill - today releasing another positive trading update.

Find out all the news, commentary and sector valuation metrics & KPIs here.

Posted at 08/6/2021 08:06 by edmonda
#VP. Our valuation ticks up from £11.00 to £11.30/share, meaning the shares at 870p trade on modest 11.9x PER, 11.4x EV/EBIT and 5.3x EV/EBITDA multiples vs peer group averages.
Vp share price data is direct from the London Stock Exchange
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