Updates

VP

August 2022

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.

Still no news on any potential buyers after equipment hire group, VP, had earlier put itself up for sale. Nevertheless, final results has made the shop window more attractive with sales and pretax profit rising 14% and 67%, respectively, to £351m and £38.9m. Return on capital employed recovered strongly from 9.2% to 14.5%.The UK division increased sales almost 14% to £320m with operating profit soaring 54% to £41.8m driven by strength in infrastructure markets such as HS2 and transmission networks although water (AMP7) and Rail (CP6) were more subdued, only showing signs of uplift in the fourth quarter. A notable bright spot was UK forks, with high demand for its telehandler fleet from residential construction, while its fleet num ...

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Belvoir

MP Evans

Vp - Puts itself up for sale (June 2022)

VP - Equipment hire firm beats forecasts (May 2022)

VP (January 2022)

Vp - Equipment hire firm in early stages of eps upgrade cycle (August 2021)

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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VP