Simbr
07 Jun 2016
Re: VP Equity Development published a note this morning, (taken from Research Tree): "You can’t keep a great company down. This morning, against a backdrop of more subdued UK building activity ahead of the EU Referendum, Vp posted another set of record results. Driving operating margins up to 15.3% from 14.0%, on the back of improved divisional mix, operational gearing and asset disposals – significantly above rivals, Speedy Hire and HSS (see below), who have both stumbled of late..."
Simbrad
07 Jun 2016
Equity Development published a note this morning, (taken from Research Tree): "You can’t keep a great company down. This morning, against a backdrop of more subdued UK building activity ahead of the EU Referendum, Vp posted another set of record results. Driving operating margins up to 15.3% from 14.0%, on the back of improved divisional mix, operational gearing and asset disposals – significantly above rivals, Speedy Hire and HSS (see below), who have both stumbled of late..."
valuemanbuyer
07 Jun 2016
Re: VP Well done Forddrive - you must have bought in under £1 ? I've been in since 2009- started at 135p so can't complain. The whole sector seems v out of favour due to poor quality competitors profit warnings. Onwards and upwards.
forddrive
07 Jun 2016
VP Just the sort of share we really like. Specialised activities and with a quirky Chairman/major shareholder. We have held/bought for over 10 years and are happy bunnies. Will continue to add on any weakness.
blackrose
07 Jun 2016
Re: Trading Update Vp plc, the equipment rental specialist, today announces its Final Results for the year ended 31 March 2016. Highlights· 11% improvement in profit before tax and amortisation to £29.8 million (2015: £26.8 million)· 2% increase in revenues to £208.7 million (2015: £205.6 million)· 14% increase in basic earnings per share, pre-amortisation, to 62.21 pence· Return on average capital employed increased to 16.3% (2015: 16.2%)· EBITDA up 10% to £59.3 million (2015: £53.8 million)· Net debt of £86.1 million (2015: £66.8 million) after funding
Capital investment in the fleet of £45.9 milliono Acquisitions of Test & Measurement and Higher Access for £8.1 million· Final dividend proposed of 13.5 pence per share, making a total of 18.85 pence for the full year (2015: 16.5 pence), an increase of 14% Jeremy Pilkington, Chairman of Vp plc, commented:"Following last year's record breaking results, the Group has continued to make further good progress this year reporting another strong financial performance with improvements in profits, margins and returns, delivered from a relatively modest growth in revenues. This trend is expected to continue as the varying demands of supportive infrastructure, housebuilding and construction markets play against a challenged oil and gas sector."
blackrose
06 Jun 2016
Re: Trading Update Full year results out tomorrow - With HSS and Speedy both reporting weak numbers it will be interesting to see what Vp deliver
valuemanbuyer
02 Mar 2016
Re: Trading Update We're trading on less than 12x the year about to end . The sales ,returns and earnings are growing so in my mind about 20% undervalued at least. Hold
Boring Bernie
02 Mar 2016
Trading Update My word we're dull !" The Board anticipates that the Group will deliver full year results in line with current market expectations for the year ended 31 March 2016."... which makes us a nice company to hold and just check up on occassionally
mcescher
30 Jul 2015
Found this good report on VP. The EPS growth is expected to be 47%. ([link] Anyone believe the analysts?
Boring Bernie
14 Jul 2015
Re: sp The markets mostly look forward, not back. We had a rise post results and are drifting back, probably more on people taking profits than anything else. I doubt very much MM's are taking much notice of us to be honest.Broker coverage is pretty much non-existent so the only thing which will drive the sp is actual news. Given the AGM is next week, I'd assume we'll get a fairly short update. At the moment the old broker forecasts are pretty much saying we're looking at zero growth for this FY and highish single figure growth for the year after. The words in the last results suggested to me that the current FY might be a bit better than that, but there was a fair amount of talk about investment for the future so it may be there'll be a bit of a pause.I'm more than happy to hold what I've got. If the AGM statement is positive, rather than neutral, then I might add a few more.
stillere
14 Jul 2015
sp can anyone suggest why recent sp movements do not reflect recent outstanding results?could mm be trying to shake out small holders?.
forddrive
09 Jun 2015
VP A wondrous investment. I am up 79% over 4 years. Will not sell.
II Editor
09 Jun 2015
NEW ARTICLE: Vp: Value realised "Plant and tool hire firm Vp’s results bolster its stalwart credentials again.In full-year results to March 2015, specialist hire company Vp reported revenue up 10% on the previous year and adjusted profit up 41%. It lifted return on ..."[link]
Boring Bernie
08 Jun 2015
Re: NEW ARTICLE: Dear Vp thank you for your ... A three year old article is new ?
II Editor
08 Jun 2015
NEW ARTICLE: Dear Vp thank you for your kind offer "I won’t be accepting… Vp's offer to buy 1/14 of its shares back, at 254p gives me mixed feelings.The company is the newest addition to the Thrifty 30 portfolio and I think the shares are probably worth more than 254p so on the face of it the ..."[link]
