Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Bossplayer and Robindabanks; i think you both ought to have taken the kind advice offered by the other user, hotgoss. thanks to that I decided to only sell a small portion of my shares. I'm ever so glad i did as my remaining VP shares are now worth about 7% more than a week ago. I've also just read that a few brokers are now upgrading their position and suggesting VP to be a strong buy, with a target price reaching 4.00GBP. lets hope that taking their advice will present the same rewards. "humped and dumped"?? Yes, I'm afraid you have been!
Hi, don't usually comment on this one, but need to put you right on the vacancies situation. HS had a re-structure earlier this year - the vacancies have been made due to this .... HS are looking for good people and have changed the way they sell to the industry - making more profit in the long run .... you shouldn't have sold ESS are doing great !! and other companies within the group too.... Feel you made a hasty decision !!!! I'm keeping hold of mine - hope to make lots more money !
synopsis of newspaper article Equipment rental specialist Vp is forging ahead despite unsettled economic conditions. The company’s record is impressive, the management team is ambitious and the shares should rise. The firm is also taking City analysts to see some of its operations this Wednesday and a series of meetings with brokers has been arranged over the next few weeks, which should give the stock a further boost. Vp, originally known as Vibroplant, used to be a standard plant hire business renting out diggers, dumpers, rollers and similar equipment to the construction sector. However, since 1997 its Managing Director, Neil Stothard, and the grandson of the company´s founder, Jeremy Pilkington, have re-shaped the business entirely, changing the name and moving the company out of standard rental and into six specialist areas. In every case the group offers top quality products, buying the best machines it can and selling them once they are past their best. The company has also invested heavily in their development and aims to build long-term relationships with customers, offering advice and guidance, rather than simply renting out equipment in bulk. Analysts expect £17.1m in profits for the current year, rising to nearly £18m next year. The company pays a reasonable dividend too, maintaining payments at 10.8p from 2009 to 2011 and increasing the payout to 11.35p for the most recent financial year. Dividends are expected to continue rising over the next couple of years. Thus, for the Financial Mail on Sunday´s Midas column: “Vp shares are 304p and most brokers believe they are worth considerably more. The group is conservatively run and well funded, and the large family shareholding provides reassurance that investors will be well looked after whenever possible. Buy.”
mail,midas column.half a page about vp,giving it a buy verdict..gla...
Interim Management Statement Vp plc, the equipment rental specialist, today provides an update on the performance of the business since the announcement of its Final Results on 29 May 2012. In the AGM statement issued on 18 July 2012, the Group reported that the new financial year had started well and was in line with management's expectations. This trend has continued. The businesses acquired from Balfour Beatty Group in July 2012 are integrating well within Vp. Despite challenging markets, the Group continues to identify and secure new opportunities. This promising start to the new financial year, coupled with the Group's continued balance sheet strength and diversity of activity, provides the Board with confidence that Vp will deliver further satisfactory results in the current financial year.
http://www.investegate.co.uk/Article.aspx?id=20120820070025H4783
Vp, the equipment rental specialist, has acquired the business and assets of two equipment rental activities from Balfour Beatty Group. The purchase was made for a cash consideration of £4.0m. Under the transaction, Hire Station, a division of Vp, has acquired Balfour Beatty survey, safety and communication equipment rental business activity, which operates from both London and Glasgow. The acquisition includes a minimum three-year framework agreement for the supply of these services to Balfour Beatty in the UK. In addition, the UK Forks division of Vp has acquired Balfour Beatty's plant rental business activities operating from depots in Croydon and Exeter. The acquisitions will be integrated into the respective Vp divisions. Jeremy Pilkington, Chairman of Vp, said: "These acquisitions represent important developments for Hire Station and UK Forks and we look forward to further strengthening our business relationship with the Balfour Beatty Group following this transaction
N+1 Brewin retained its "buy" rating for VP (VP.) with a 335p target price. The engineering equipment rental company beat the broker's third quarter earnings forecasts, with Brewin noting that trading remained strong in the final quarter. The broker added that the firm retained its net debt position of 40.4 million pounds, despite the group increasing investment in its fleet by 33%. As a result, Brewin raised its 2013 pre-tax profit forecast by 7% to 16.8 million pounds.
Arbuthnot Securities initiated coverage of Vp (VP.) with a "buy" recommendation and target price of 300p. The construction equipment rental company reported a strong first half performance, with pre-tax profit growth of 21%, year-on-year, and the broker says that this demonstrates the firm's underlying strength in difficult economic conditions. Arbuthnot attributes the resilient performance to its high exposure to global energy-related business and safety. With a strong balance sheet the broker is also attracted by a healthy dividend yield of 5%. Vp shares lost 4.63p to 214.75p.
Singer Capital Markets issued a "buy" recommendation for VP (VP.) with a 304p target price. While noting that markets have been tough for the equipment rental group, with investment in capital expenditure increasing in the second half and rates beginning to move up, the broker believes the business may be turning the corner. That said, Singer added that with the new year starting well, there could be scope for adjustments later in the year. VP shares rose 12p to 240p
Jeremy Pilkington, Chairman of Vp plc, commented: "I am delighted to report a very satisfactory set of results given the current trading environment and the continuing recessionary pressures felt in many of our markets. The Group enters the new financial year with a strong balance sheet and I have every confidence that we will continue to create opportunities and deliver satisfactory business performance over both the short and longer term."
Final Results Vp plc, the equipment rental specialist, today announces its Final Results for the year ended 31 March 2011. Highlights * Revenues increased by 5% to £141.0 million (2010: £134.2 million) * Profit before amortisation, exceptional items and tax of £13.8 million (2010: £16.0 million) * Basic earnings per share of 23.42 pence (2010: 24.68 pence) * Proposed final dividend of 7.7 pence per share to maintain last year's full year dividend of 10.8 pence * Net debt reduced by £7.8 million to £40.5 million * Solid balance sheet with strong operational cashflows
http://www.investegate.co.uk/Article.aspx?id=20110607070000H1594