Primary Recommendation

Vp - Equipment hire firm in early stages of eps upgrade cycle

August 2021

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.

Vp provides specialist equipment for hire such as tools, alloy towers, temporary roads and shoring equipment for water companies. Earnings for the years ended March ’22 and ’23 have just been upgraded from 58.5p and 70.8p to 71.6p and 84.6p, respectively. It is no surprise really. CEO Neil Stothard and CFO Allison Bainbridge, who I met with over the month, confirmed that its largest market, infrastructure, is running hot - now up a fifth on its pre-pandemic level - while housebuilding also continued to expand in May despite days lost to tropical downpours. Infrastructure is expected to be among the most buoyant sectors in the coming year, particularly in road and rail given the government’s national infrastructure and cons ...

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Playtech - Gaming software firm benefiting from online surge

VP (August 2022)

Vp - Puts itself up for sale (June 2022)

VP - Equipment hire firm beats forecasts (May 2022)

VP (January 2022)

VP Group - Another â€œbottom-left-top-rightâ€ equipment rental share (November 2012)

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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