Posts in LSE:VP.

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.

Vp: Making All The Right Moves

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%). They have today issued another “excellent” set of results. FY'17 PBTA and EPS coming in at £34.9m (+17%) and 69.5p (+12%) respectively, with the dividend hiked up 17% to 22p on the back of 16% ROCE - once again in excess of the Board’s stretching ‘through-cycle’ goal of 15%. Indeed, returns have far exceeded Vp’s cost of capital for some time now, reflecting market share gains and 1st class execution, underpinned by a strategy of supplying only specialist, high margin equipment for targeted verticals enjoying secular growth. This impressive performance has been achieved without gearing up the balance sheet either, with the ratio of net debt to EBITDA holding steady at a comfortable 1.0x-1.5x. Indeed, we believe disciplined capital allocation is a key theme that is unlikely to change anytime soon, given the extensive experience of the executive team, and the careful guidance offered by the Pilkington family (50% stake). In light of the better-than-expected outturn, allied to Vp’s positive outlook and continued compelling ROCE, growth rates and EBITA margins, we have duly lifted FY'18 PBTA by 9% to £39.0m. Moreover, at 850p the stock trades at a discount to peer averages in terms of EV/EBITA and PE multiples, whilst also paying a 2.6% dividend yield. Based on 12x FY'18 operating profits (vs 12.8x for the sector, excluding HSS), adjusted for projected net debt and discounted back at 10%, we calculate Vp to be worth 890p per share (vs 800p previously).
Equity Development
Vp plc

Seven shares for the future

Seven shares for the future

Rising share prices have shrunk the number of companies recommended by Richard Beddard's Decision Engine to just seven.