Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Vp has bought M&S Hire Ltd for £2.8m cash, a specialist rental business based Kent that will be integrated with their successful MEP Hire business.
Recent Vp research here, free access :
https://www.equitydevelopment.co.uk/research/in-excellent-shape-as-the-recovery-continues
Vp plc (LSE: Vp.), the equipment rental specialist, will be conducting a presentation covering its Interim Results for the six months ended 30th September 2021. The presentation will be hosted by Neil Stothard, Chief Executive Officer, and Allison Bainbridge, Group Finance Director.
The event will take place at 12.00pm on Wednesday 1st December.
The online presentation is open to all existing and potential shareholders. Questions can be submitted during the presentation to be addressed at the end.
Sign up to register here: https://www.equitydevelopment.co.uk/news-and-events/vp-plc-interimresults-investorpresentation-1dec
#VP. ... “in excellent shape” as the recovery continues! New note out today from Equity Development following the company's trading update this morning - Vp is tightly managing costs, enhancing its operating leverage, and is “in excellent shape to capitalise” as the economy rebounds.
Check out full note here: https://www.equitydevelopment.co.uk/research/in-excellent-shape-as-the-recovery-continues
Jeremy Pilkington, Chairman, Neil Stothard, CEO, and Allison Bainbridge, CFO, discuss their full year results. They cover the temporary dip in ROACE and how this is already recovering post the lifting of lockdown, their optimism for potential organic growth driven by a rebounding economy, and the increasing digitisation of the business.
Full presentation and Q&A available to watch here:
https://www.equitydevelopment.co.uk/research/full-year-results-presentation-1
Our valuation ticks up from £11.00 to £11.30/share, meaning the shares at 870p trade on modest 11.9x PER, 11.4x EV/EBIT and 5.3x EV/EBITDA multiples vs peer group averages. https://www.equitydevelopment.co.uk/research/upgrading-forecasts-as-fy22-starts-strongly
Just a reminder that this webinar is taking place TOMORROW (8th June at 12.00pm) - join us on the following link to register: https://www.equitydevelopment.co.uk/news-and-events/vp-plc-full-year-results-investor-presentation-8th-june-2021
Vp plc will be hosting an investor webinar on 8th June (12.00pm) with a presentation and Q&A session to discuss FY results. Please click on the link to register for this event with Vp's CEO, Neil Stothard and FD, Allison Bainbridge:
https://www.equitydevelopment.co.uk/news-and-events/vp-plc-full-year-results-investor-presentation-8th-june-2021
Given Britain’s successful vaccine rollout, prospects have improved dramatically over the past 12 months, with Vp saying this morning that FY21 results were “in line with expectations”, and it exited the period on a run-rate of c.“95% of pre-Covid levels”. Despite “some sectors (eg events & hospitality) remaining closed and infrastructure (eg AMP7 and CP6) not yet fully up to speed”.
We are forecasting FY21 adjusted PBT of £23.0m on sales of £299.6m – ending the year with £124m of net debt. The latter reflecting tight working capital control (re debtors), lower fleet capex and approx £8m of deferred VAT to be repaid in FY22.
Similarly, we have upgraded our FY22 PBT by 12% to £33.5m, alongside increasing the valuation from £9 to £11 per share. What’s more, in light of Vp’s consistent track record of innovation, execution & above-average returns, we could readily see the stock tracking towards £16.80 by 2024 - assuming 5% organic top line growth can be achieved across the economic cycle.
https://www.equitydevelopment.co.uk/research/construction-boom-coming-down-the-track
Why they have withheld announcing the dividend is outrageous given the fact they made £47.1 million. And to use the excuse of Covid 19 uncertainty is a con. They made this money up to end March 2020 so this is irrelevant and I think they are just trying to rip off investors that have had their cash tied up for a long time. And when you consider the fiasco of the CMA investigation (£5M put - aside for fines it makes you wonder if these people are fit to serve as Board Directors in a PLC anyway. When it looks as though they thought they could get away with cheating the market!
"PAY UP I SAY"
This is what all investors should be saying. Don't let them rip us all off!!
I Agree, theses are easily £11.00 shares once things settle down again
I strongly recommend to buy. Keep the shares for 10 months. Then decide to keep or sell. Your choice.
These are Save as you earn share options that are discounted by 20% I bought mine as well
And another director buy. Something is definitely going on here, IMO.
Director buy just in too.
There we go. II buying.
Big move up suddenly just before the close. Looks like something is going on here....
Yeah totally agree. It would seem someone in the know is accumulating. I have tried to research of they have any news in the pipeline, but nothing i can find. Maybe a nenewal of a contract or in talks with a new potential client?
Looking at the volume spike here today, yesterday and a few days ago. i think something must be going on here.
I don't know what, but there's the old expression: "there's no smoke without fire" for a reason.
The buys indicate to me something is about to be released. Someone knows something for sure
Yes if you mean a huge volume spike today then you got that right.! Any thoughts as to why? Results not published till 4th dec...
TA on this looks positive. Something brewing here I wonder
VP. Has been getting some interest in the last few weeks. Might just be beta drag, but there have been a lot of reasonably large single trades recently.
Looks to me like something might be going on here.
Of Results, everything postive and good divi, money aside for the the incoming fine, debt reduced, earnings up, future looks bright,
GLA Be interesting to see where this goes over the next few months.
Fast, re-rate on the cards, with the Company putting aside a large wedge for any fine that may be coming, and anice divi too,
GLA