Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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thanks for info BB. i am fairly new to this share having followed it for a few months but only bought in after the news and the sp drop. looks like another buying opportunity today.
Chronic Investor says sell , they quite often get their sells wrong , nothing finalised until July so I shall continue to hold untill there is more information , I actually added a couple of hundred at 8.50 yesterday.
Yea, it'll be related to the CMA announcement and subsequent RNS
To be honest, after many years of being a shareholder, I sold out first thing yesterday morning.
The sp drop may well be an overreaction. There will, presumably, be a one-off cost associated with a fine some time in the near'ish future. In itself, that's no big deal, but breaking up the ( alleged ) cartel will hit profits in that area.
There will also be some nervousness as to whether or not similar cartels are being operated which include VP. There's nothing to suggest that's the case, but that won't stop people wondering.
The main reason I sold up was because the CMA started in 2017, and this week was the first I'd heard of it. It's quite possible that I missed reading about it in an RNS, but it does seem like the company have been sitting on bad news in the hope that it'd just go away.
BB
found the info.
anyone know what's going on? is this to do with the competition investigation?
SP is still holding steady. Where did you see the news?
has picked up a fairly heavy loss today, Dancourt Construction has entered into administration.
Watch this space, more to follow.
A little article and commentary on VP.
<<https://www.ii.co.uk/analysis-commentary/vp-acquisition-too-far-ii506399/>>
Great set of results. Onwards and upwards. Really impressed with the consistent performance. Management clearly understand how to manage the business for growth.
If you would like to hear Neil Stothard, Chief Executive, provide an update on Vp he will be presenting at our next investor forum on the evening of Wednesday 28th of September. Also appearing will be the management of Benchmark Holdings and Venture Life Group. To learn more about the forum and to register for free please follow this link: https://www.eventbrite.co.uk/e/equity-development-investor-forum-september-2016-tickets-27428572599 Thanks, The Equity Development team
http://www.iii.co.uk/stockmarketwire/279395/vp-plc-improves-h1-pretax-profit-hikes-dividend
Vp upgraded after strong start: U.K.-based rental company Vp reported revenue and profits accelerating in the first half of its financial year last week and shares could rise further after broker WH Ireland upgraded full year forecasts by 7%. Vp is well diversified across construction, oil and gas and equipment hire. Revenues rose by 11%, and pretax profits were up 27% to £16.2 million for the six months ending September. Jeremy Pilkington, Chairman, said it was an “outstanding” set of results and a “positive start to the year”. The best performance came in the tool hire business, where profits jumped 78% to £4.8 million. Profits at the U.K. Forks business, which hires out cherry pickers, rose 54% to £2.3 million. The company’s biggest division by revenue, Groundforce had a strong start with revenue rising 8% to £22.6 million and operating profits rising 7% at £5 million. The company is benefiting from increasing work on Britain’s railway, road and utility infrastructure. Vp’s diverse portfolio means it should benefit from even a tentative recovery in public construction. It is expected to achieve pretax profits of £23 million, on revenue of £201 million, giving earnings per share of 14.3p for the full year. The shares trading on 14 times earnings price in much of the good news. Vp at 617p. Questor Says “Hold”.
We have published a new note on VP this morning. To access it please go to http: www.equitydevelopment.co.uk. Registration is free. Thanks, The Equity Development team
Yep....decent company. Looks very good
just came across this after looking through break outs. Will have to keep my eye on this. Mr Bluesky
Very puzzled why Times Newspaper deleting listing of this excellent company. There is no obvious reason to my knowledge.
Vp still the Times daily share price listing. Must be something wrong here, but what is not clear. Think share a good long term buy.
V.P. no longer being quoted in the Times Newspapers share price listing at the moment. Why?
three huge buys at close of business on friday...and low-behold right up in midas on sunday ???
"Optimisation of the performance of Vp's existing specialist activities remains the board's priority and the group continues to invest in support of secured opportunities as they arise."
Rental equipment specialist Vp said trading through the winter period has been satisfactory and expects to report full year profits in line with market expectations. The group, which provides products and services to oil and gas exploration markets, civil engineering, rail and construction, added that while there has not been a tangible improvement in overall market conditions, most sectors have remained stable. Vp which operates six divisions: Groundforce, UK Forks, Airpac Bukom, Torrent Trackside, TPA and Hire Station, said sustained demand from regulated infrastructure markets has continued to provide a solid base for the group, in what has otherwise been soft general construction demand. Otherwise in oil and gas, the lower levels of liquefied natural gas activity have continued into the second half as expected. "However the board is pleased to report that we have secured a number of LNG contracts in the Asia Pacific region which will contribute in the new financial year," it said in a statement.
Outlook This is now the ninth consecutive commentary on our business performance that I have written against the background of a challenged UK economy. We have for some time felt that the prospects of a general uplift in UK market activity supporting business growth was unlikely to be forthcoming. We have therefore adopted a relatively defensive stance in terms of protecting the balance sheet strength of the business whilst, where we have felt circumstances justified it, being bold enough to move on specific opportunities. Throughout, the Group has continued to invest in our people, systems and fleet to ensure sustainable performance over the medium and long term. Against this background, the Board believes that these results are extremely positive and we are confident that the Group has the resources and capabilities to continue to deliver satisfactory performance into the future. The Board would like to thank the employees throughout the Group for their contribution.
Jeremy Pilkington, Chairman of Vp plc, commented: "The Group has delivered another extremely positive set of results despite continued unsettled market conditions. The strength of these figures highlight the benefit of Vp's well established strategy of focusing on specialist sectors where the Group enjoys strong market positions. We have continued to invest in our people, systems and fleet to ensure sustainable performance over the medium and long term."
Interim Results Vp plc, the equipment rental specialist, today announces its Interim Results for the six months ended 30 September 2012. Highlights Profit before tax and amortisation increased 6% to £11.0 million (H1 2012: £10.4 million) Revenues of £84.0 million, 2% ahead of equivalent prior year period (H1 2012: £82.7 million) Return on capital employed 13.2% (H1 2012: 13.1%) Capital investment in the fleet of £12.6 million Acquisitions of £4.1 million Tender offer for shares completed at £7.8 million Net debt increased to £50.1 million (FY 2012: £40.4 million) Interim dividend increased to 3.25 pence per share Solid balance sheet with strong operational cash flow of £18.6 million Strong individual divisional performances