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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Lavendon - Shares underpinned by tangible NAV of 105p

April 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • LVD
  • Price:
  • 149.5p
Middle East worries continue to dog the stock but final results painted a picture of rude health with pretax profit rising 13% to £38.5m and eps increasing 15% to almost 18p. In spite of fleet expansion, which drove borrowings up to £119m - for net debt / EBITDA of 1.4x (2014: 1.13x) - return on capital employed grew 0.2% to 12.3%.The UK (47% ebitda) grew profits 11% to £22.7m on flat turnover thanks to an improving mix of fleet (more higher yielding larger machines) and marginal pricing improvement offset by lower volumes.The Middle East (37% ebitda) increased revenues by 7% to £53.1m and profits by 9% to £17.2m. The region has experienced an infrastructure boom following soaring oil prices but ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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