Posts in LSE:VP.

On Track For Further Profitable Growth

Vp is a specialist rental business providing equipment and services to a wide range of markets including civil engineering, rail, oil and gas exploration, construction, outdoor events and industry, primarily within the UK (88.5% FY17 sales), but also increasingly overseas (11.5%). If looking for a solid, dependable and well diversified plant-hire specialist, then perhaps look no further than Vp, who navigated the last downturn with real aplomb. It said yesterday that trading for the first 5 months had been “positive” and consistent “with full year expectations”. An impressive performance, especially given macro concerns over BREXIT, a potentially slowing UK economy, a moribund crude price and unsupportive global geopolitics. In the UK, “healthy demand” continues to be experienced in infrastructure, construction and housebuilding, augmented by April’s acquisitions of Zenith Survey Equipment (£6.15m) and Jackson Mechanical Services (£3.6). Encouragingly too, the overseas oil/gas division (Airpac Bukom) has also seen stabilisation return in AsiaPac. As such, we make no change to our forecasts or 890p/share valuation, and look forward to hearing more at the interims on 21 November 2017. Longer term, construction of the UK’s new nuclear reactor at Hinkley Point (£17.6bn), a 3rd runway at Heathrow (£17.8m), HS2 (£55.7bn), London’s super-sewer and Crossrail 2 should all prove supportive too.
Equity Development
Vp plc

Vp reports positive trading

Vp plc, the equipment rental specialist, said it continues to experience positive trading in the current financial year which is in line with the board's expectations.

The UK division has made further progress, with healthy demand from the infrastructure, construction and housebuilding sectors complemented by contributions from Zenith Survey Equipment and Jackson Mechanical Services (UK) which were acquired by the group in April 2017.

Within the international division, the oil and gas sector remains slow but stable.

The Asia Pacific based test and measurement business has performed well in

This extraordinary stock is a 'buy', here's why

Share Sleuth: Howden Joinery is a 'buy', here's why

Howden Joinery has won a place in the Share Sleuth portfolio. Richard Beddard reveals the secret of the firm's success - and it's not kitchen design.

Top ranked shares for the future

Top ranked shares for the future

After upgrading his decision engine, companies analyst Richard Beddard thinks he's got to the heart of investing and the reasons we so often make mistakes.

Two rapidly growing small-caps that could help you retire early

Since listing in October of 2015 financial technology provider Equiniti (LSE:EQN) has quietly flown under the radar of many investors despite its share price rocketing over 60% during this period. With a huge addressable market and reasonable valuation of 15.6 times forward earnings, I reckon this fast-growing small cap is one growth share that could turn into a bedrock share in many investors' retirement portfolios.

Vp confirms date of AGM

Vp has confirmed that the Company intends to hold its Annual General Meeting on 1 August.

At 2:07pm: (LON:VP.) VP PLC share price was +17p at 887.5p

These growth stocks are trading at whopping discounts

The enduring supply and demand chasm in the housing market convinces me that Redrow (LSE:RDW) should continue generating eye-popping earnings expansion long into the future.

Although a declining buy-to-let market and broader economic uncertainty are expected to put the brakes on home price growth in the UK, average home sales are likely to continue ticking higher thanks to a combination of favourable lending conditions and the government's long-running failure to address the country's homes shortage.

These 2 growth stocks have further room to run

Vp (LSE:VP) shares surged to a new all-time high today after the company reported strong growth in earnings and revenue for its recently ended financial year.

Operating profits before amortisation rose by 18% to £37.8m for the year to 31 March, while revenue increased by 19% to £248.7m. The impressive growth was supported by improving infrastructure, housebuilding and construction markets, which more than offset continued weakness from energy and mining markets.

Broker Forecast - Peel Hunt issues a broker note on VP PLC

Peel Hunt today reaffirms its add investment rating on VP PLC (LON:VP.) and raised its price target to 900p (from 850p).

VP Plc turns in record-breaking FY performance

VP Plc has hiked its FY pretax profit, prior to amortisation, and total dividend in what it styled as a record-breaking performance.

There was a 17% hike in profit before tax and amortisation to £34.9m, from £29.8m. Revenues rose 19% to £248.7m, from £208.7m.