Vp Share Discussion Threads

[edmundshaw] 15/12/2011 14:22

So that's 6.37% of shares bought back altogether.

The last buyback is 3.73% of non-treasury shares.

Of course, the shares are not cancelled and can be re-used (eg for an acquisition). But this plus a c.5% yield shows how cheap this company is. Also shows confidence that cashflow is not any kind of issue.

[edmundshaw] 29/11/2011 14:41

Thanks be that VP are looking after more rail and tube lines now. I cannot help but feel with our management that train journeys will be the safer for it... and shareholders the better off too as a nice side benefit. :-)

[deadly] 29/11/2011 10:31

The share price has dropped since Sept due to macro-economic worries but VP continues to show it can grow and generate cash.

[bentom] 29/11/2011 09:47

Yes - some strong figures - they never disappoint - very tidy business

[wjccghcc] 29/11/2011 08:49

Strong reults. Added a bunch at 200p first thing.

Very well managed company.

[edmundshaw] 25/11/2011 16:34

Last update was happy enough. We'll see...

[bentom] 25/11/2011 09:38

Results out next Tuesday - be interested to see what they are like given that Speedy continue to struggle

[edmundshaw] 24/11/2011 15:43

Apropos my June comment, now interested again. If somewhat mildly :)

[deadly] 01/9/2011 21:35

went xd for 7.7p today yet still rose 6.7p on that excellent AGM statement. Also dropped very little in the recent past despite the market turbulence. A class act.

[deadly] 23/6/2011 14:19

Edmund, if 2 years in the current environment isn't long term, don't know what is. Hard-pressed to stay in anything more than 6 months over the last 10 years.

[edmundshaw] 18/6/2011 14:38

deadly, broken through long term highs? What is long term? I recall selling out of these at over 350p in 2006 (and buying back in at the end of 2009 for just over 150p).

Not currently in, as I'm not sure what the summer & the slowdown in construction will bring, so find it hard to call right now. But will be interested if these drop under 200p again...

[jon l] 18/6/2011 14:26

Yes, a dead bulletin board like some other shares of mine. But people quietly notice a company robustly doing its thing through the recession, flat earnings growth but strong cashflow, nice dividend while we wait for the upturn to kick in. Next stop £3 now the shares are breaking up through the resistance at 250.

[deadly] 17/6/2011 19:54

This has been flying under the radar for a long time. But it's now broken through long term highs. Well managed and I'm happy to hold.

From recent results:

Revenues increased by 5% to GBP141.0 million (2010: GBP134.2 million)

* Profit before amortisation, exceptional items and tax of GBP13.8 million
(2010: GBP16.0 million)

* Basic earnings per share of 23.42 pence (2010: 24.68 pence)

* Proposed final dividend of 7.7 pence per share to maintain last year's
full year dividend of 10.8 pence

* Net debt reduced by GBP7.8 million to GBP40.5 million

* Solid balance sheet with strong operational cashflows

[nellie1973] 15/2/2011 13:42

Broker upgrade

[slopsjon] 15/2/2011 12:27

Vp upped to buy from add at Brewin Dolphin, target price rising to 280p from 240p

[edmundshaw] 15/2/2011 07:57

Reasonable statement. But "we believe a sustained economic recovery is likely to be some way off" is a bit like the SFR statement. I guess there is a fair wait here for recovered numbers, which is in itself a bit of a risk.

[edmundshaw] 27/1/2011 08:18

Unpleasant statement from SFR today.

Construction market is still very poor; but not sure how much that will impact VP, as only a part of their business is directly related to UK construction.

[edmundshaw] 11/1/2011 12:20

Ah. That explains a lot. Thanks for the info.

300p looks more like fair value. In a recovered market, don't see why we could not get back over 400p, too.

[jon l] 11/1/2011 10:42

The glowing description in IC on December 17th has brought in buying and resulted in a mast, on which there is now a half-way flag. Next stop 300?

[yoyoy] 29/12/2010 15:22

whats happening here then

[edmundshaw] 28/12/2010 12:15

Noy convinced by ALU. Others in that sector also cheap imo, and dividend not covered there. I'm still concerned the economy is not right for that one.

Molins also around 8% yield, for example. But the pension deficit is a worry there (I am not invested).

[bisiboy] 27/12/2010 11:57

agree with hvn and isg also hold
looked at alu and chu but not bought

[cockneyrebel] 23/12/2010 08:29

8% yield at ALU ednumdshaw if you like high yields, ISA-able and the engineering side growing well - might be worth watching for their trading statement in early Jan imo.

CR

[sleepy] 22/12/2010 18:01

Your opinion and well worth listenng to. Unless there's an RNS at or before 7 am
tomorrow your cold shower will have been well justified. Could there be someone with an interest in a high share price on Dec 31?