Updates

Lavendon

August 2008

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.

Lavendon, the provider of powered access platforms such as scissor lifts, has announced that trading for the first five months to 31 May has increased 37% compared to this time last year, with operating margins continuing to improve. All regions saw good growth, with the largest side in the UK seeing turnover rise 30%, helped by the recent acquisition of the Platform Company. Elsewhere, Germany grew turnover by 5% helped by favourable currency movements while France and Belgium increased sales by 307% reflecting the acquisition of DK Rental. While Lavendon's recent acquisitions have increased net debt, it remains well supported by strong cash flows. Latest forecasts from Oriel are for eps of 49p this year. With the P ...

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WSP - Adverse outlook; time to sell

Salamander

Lavendon - Receives two bid approaches (January 2017)

Lavendon - Stops new investment in Saudi (October 2016)

Lavendon (September 2016)

Lavendon - Shares underpinned by tangible NAV of 105p (April 2016)

Lavendon - Strong Middle East trading defies oil slump (March 2016)

Lavendon (January 2016)

Lavendon - Sharp increase in ROCE (October 2015)

Lavendon (September 2015)

Lavendon - Shares on such a low rating that CEO has acquired nearly 107,000 shares (May 2015)

Lavendon - Shares look heavily oversold (April 2015)

Lavendon (March 2015)

Lavendon - UK & Middle East going great guns (January 2015)

Lavendon - Shares cheap on EV/EBITDA of just 5.1 (November 2014)

Lavendon (September 2014)

Lavendon - Rental Revenues increase (June 2014)

Lavendon - Powered access group sees pick up in UKâ€ˆmarket (April 2014)

Lavendon (March 2014)

Lavendon - Middle East to be leading contributor (October 2013)

Lavendon - Trades on unjustified discount to rival firms (September 2013)

Lavendon - Middle East side grows revenues 34% (June 2013)

Lavendon - â€œSelf-helpâ€ savings could increase (April 2013)

Lavendon Group - "Self-help" programme driving surge in eps growth (March 2013)

Lavendon - Sharp fall in net debt (October 2009)

Lavendon - Improvement in operating margins (January 2009)

Lavendon (October 2008)

Lavendon - Ninth eps upgrade in little (April 2008)

Lavendon - Forecasts raised again (February 2008)

Lavendon (January 2008)

Lavendon - Huge eps upgrades (October 2007)

Lavendon - Profits upgraded sharply (August 2007)

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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