pmrleahy
17 Feb 2016
Re: LOL @ last trade Yes I saw that - bizarre! I really wish it had closed up 39%!
lambrini girl
17 Feb 2016
Re: Whats with the continued slide? frantically searching for buybots..112 should suffice..<<120 near enuff and decent bounce..DOUBLE BANG ON!!
Dogberto
17 Feb 2016
LOL @ last trade Either this is a mistake or someone got ripped off with the following trade just now:16:35 - 17/02 Buy 3000 184.55p £5,536.50
Dogberto
17 Feb 2016
Break out? Interesting couple of weeks ahead - results out next week and we seem to have finally broke out of the annoying 125-135 level it seemed to be stuck at! Good luck all.
Dogberto
25 Jan 2016
Missing trade Bought quite a few of these today, although my trade isn't showing on this site or the lse site. Not great really but at least I've learnt not to take the stats that show daily buys vs sells seriously anymore as the system seems flawed!On a side note, I really like this company and agree with previous posts that the main risk is trading conditions in Saudi.
IOMINVESTCOM
15 Jan 2016
Fund Manager Comments Lavendon (LVD)Fraser MackersieUnicorn UK Growth, UK Income and Acorn Income (AIF)Citywire AA-rated Fraser Mackersie believes shares in Lavendon are now undervalued after being hit by the broad sell-off in equipment rental firms over the course of 2015.‘Lavendon shares have been significantly sold off during 2015, in sympathy with what we view as more stock-specific issues at other equipment rental firms. These shares are now materially undervalued in our view,’ he said.The shares have fallen by more than 20% over the last year, but healthy forecasts belie the sell-off, he said.‘Consensus market forecasts are predicting earnings per share of 17.15p for 2015, and a full year dividend of 5.14p, leaving the shares trading on a forward price-earnings ratio of just 7.9 times and a forecast yield of 3.8%,’ he said.‘Dividend cover of over three times provides scope for further growth in the dividend payment,’ he added.[link]
IOMINVESTCOM
14 Jan 2016
Paul Scott's view Share price: 132.5p (up 4% today)No. shares: 169.7mMarket cap: £224.9m(at the time of writing, I hold a long position in this share)Trading update - I was bracing myself for a profit warning here, as the share price has been relentlessly declining. So it was surprising to read a positive update this morning, with sales trends improving decently in Q4 (up to +5% in Q4, as opposed to +1%, +2%, +1% in Q1-3 2015).Overall trading looks good;"The Group has delivered an improved year on year performance, with growth in revenues and further operational efficiencies driving increases in profitability, margins and ROCE. The Board expects the Group's results for 2015 to be at the top end of market expectations.Outlook - there's a note of caution, but still upbeat;As we move into 2016, whilst recognising the recent increase in uncertainty of the economic outlook, we are looking forward to building on the momentum we have developed during the past few years and to making further progress in the year ahead."Valuation - Lavendon appears strikingly cheap compared with other equipment hire companies, both on a PER, and a P/NTAV basis.It has a sound balance sheet too, and a good dividend yield.My opinion - I think this looks strikingly good value, and am treating the recent price fall, combined with today's positive trading update, as a buying opportunity. As always, that's just my personal opinion, which may turn out to be right or wrong. It's not a recommendation, the onus is on readers to research things yourself, and form your own conclusion.The downside risk is mainly of deteriorating trading in future, in particular in the M.East, where about 30% of the group's profits come from. Although the comments in today's statement about that region were surprisingly upbeat. I feel the share price more than factors in the downside risks.569761fd1471aLVD_chart2.PNG[link] See more at: [link]
claude reins
14 Jan 2016
Success agaibst the tide I dont know what the market was expecting, given the very bad press with some others in what many consider to be the same type of industry in the UK market recently, namely Speedy Hire and HSS. This together with some uncertainty in the Middle East has been driving down LVD's SP in an unprecendet fashion in the last few months. I go back to SCSW's tip for them in May, (with other support srite ups in August and September all with the same advice - BUY)May issue:A confident Q1 trading update from Lavendon. Despite relatively modest growth in revenues of just 1%, efficiencies mean that Lavendon expects much faster growth in profitability, margins and return on capital employed. Keynotes were the UK trending higher towards the end of the quarter whilst efficiencies have driven profitability; the Middle East has continued to storm ahead (+11%) with the weaker oil price environment not really affecting activity. Other European territories are unchanged on last year.At current share prices, Lavendon’s days of independence really do look numbered. Additional equipment has recently been added (ahead of schedule, temporarily lifting net debt to £103m) but the wider investment community hasn’t picked up on the fact that the frantic investment programme will start to peter out towards 2017 as a huge chunk of the fleet will have then been refreshed, after which this company will throw off a tidal wave of cash.Any would-be-predator would be wise to bid now whilst the shares remain so undervalued. Buy.In a depressed day in the markets today, at least some semblance of support for this very good company has returned wirth a 9% increase in SP and around 2m shares traded so far today. Those who have been driving the shares down - and they may have been shorted - are hopefully paying for that in some small measure nowe. Still a VG buy and also a VG takeover opportunity for the likes of Ashtead.
IOMINVESTCOM
14 Jan 2016
Trading Update - Sound Solid Lavendon Group plcFull Year Trading Update 2015Board Expects 2015 Results to be at the Top End of Market ExpectationsLavendon Group plc ("Lavendon" or the "Group"
, the market leader in the rental of powered access equipment in Europe and the Middle East, today issues the following Trading Update for the year ended 31 December 2015:Summary -- Board expects 2015 results to be at the top end of market expectations -- Profitability, margins and return on capital employed (ROCE) continue to improve -- Strong rental revenue growth continued in Middle East & France -- UK rental revenue performance improved across the year -- Net debt at GBP119m reflecting accelerated fleet investment in the year The Group's total revenue for the year ended 31 December 2015, on a constant currency basis and excluding ex-fleet equipment sales, increased by 3% compared with the prior year, with rental revenues increasing by 2%. The quarterly rental revenue growth rates across the Group's territories for 2015 are given below: % of Q1 2015 Q2 2015 Q3 2015 Q4 2015 2015 Total Rental Rental Rental Rental Rental Group Revenue Revenue Revenue Revenue Revenue Rental Growth Growth Growth Growth Growth Territory Revenue Y-O-Y Y-O-Y Y-O-Y Y-O-Y Y-O-Y ---------- ---- --------- --------- --------- --------- --------- --------- UK 46% (3)% (1)% 0% 1% (1)% ---------- ---- --------- --------- --------- --------- --------- --------- Middle East 22% 11% 6% 3% 10% 7% ---------- ---- --------- --------- --------- --------- --------- --------- Continental Europe 32% 0% 4% 2% 7% 3% ---------- ---- --------- --------- --------- --------- --------- --------- Group Rental Revenue 100% 1% 2% 1% 5% 2% ---------- ---- --------- --------- --------- --------- --------- --------- Percentages shown are on a constant currency basis and are rental revenues only (excluding revenues from the sale of new and ex-fleet equipment)The UK returned to year on year revenue growth in Q4. A continued focus on service differentiation drove a more favorable mix of machines on hire, with broadly stable pricing, that more than absorbed the impact of lower year on year volumes in the final quarter.The rate of revenue growth in the Middle East accelerated in Q4, driven by increased utilisation of an enlarged fleet and despite more demanding comparatives. As previously reported, this growth has been driven from the region as a whole (particularly Qatar and the UAE) and has continued to more than absorb the increased pricing pressure seen in the Saudi Arabian market to date. Whilst cognisant of the changing political and economic climate within the region, the overall current outlook for our business remains positive. Any further allocation of capital to support our business will be undertaken in a controlled manner, recognising the returns required, so that we retain flexibility to respond accordingly to changes in market conditions.Rental revenues in Continental Europe demonstrated strong growth in Q4, as increased volumes continued to drive revenue growth in France (+13%) and Belgium (+11%), whilst also returning Germany to year on year growth (+3%).In summary, the growth in overall Group revenues and continued operational improvements during 2015 have driven further year on year progress in the Group's profitability and margins. The Group's ROCE has improved and remains firmly above the Group's weighted average cost of capital, albeit with the rate of year on year progress being te
IOMINVESTCOM
23 Dec 2015
Trying to break downtrend cloud Early days but the this weeks price action has for the first time in a while attempt to challenge the red downtrend cloud. Currently, inside the cloud which would be good to see above 1.57[link] as she goes.GLTA
claude reins
22 Dec 2015
Re: Unicorn's purchases I dont think I inferred that SCSW had not been watching LVD for some time. If so, it wasnt intentional! My reference was to part of their comment in May 2015 (when the SP was 174p!) as follows: At current share prices, Lavendon’s days of independence really do look numbered. Additional equipment has recently been added (ahead of schedule, temporarily lifting net debt to £103m) but the wider investment community hasn’t picked up on the fact that the frantic investment programme will start to peter out towards 2017 as a huge chunk of the fleet will have then been refreshed, after which this company will throw off a tidal wave of cash.Any would-be-predator would be wise to bid now whilst the shares remain so undervalued. Buy.
bare faced liar
22 Dec 2015
Re: Unicorn's purchases Small Company Sharewatch have been tipping this share for a lot longer than a few months.
claude reins
22 Dec 2015
Re: Unicorn's purchases Good news that they have upped their stake. If my reading is right, then they have doubled their total voting rights. I think LVD has been suffering from the Speedy/HSS bad news on the one hand, and the attraction of Ashtead doing well in the US on the other. In fact it is doing OK, strong balance sheet - see what Paul Scott has to say about it. At this price could well be a takeover target, a comment made some months back when it came up on Small Company Sharewatch's radar.
II Editor
11 Dec 2015
NEW ARTICLE: Stockwatch: Handful of reasons to buy this share " Does LSE:LVD:Lavendon already offer value? Shares in the plant hire company sold off this year amid serial warnings from peers LSE:HSS:HSS and LSE:SDY:Speedy Hire, meaning this £235 million specialist in "cherry pickers" - elevated platforms ..."[link]
shovelier
03 Dec 2015
Re: Paul Scott's view - He really likes... The last attempt at a takeover was a few years ago and seen off as opportunist and undervaluing the company.They're now beyond the time limit and so could make another bid which would no doubt boost the current flagging sp. it would have to be a substantial offer to be entertained by LVD.
