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Lavendon

January 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.

  • Epic Code:
  • LVD
  • Price:
  • 487p
Lavendon has announced the acquisition of DK Rental Spain, a Spanishpowered access rental and equipment provider, for Eu24.2m(£16.9m).  Subject to the approval of shareholders the company hasalso agreed to acquire DK Rental Belgium and DK Rental France for afurther Eu63.6m (£44.5m).The deals will provide Lavendon with much needed scale in thesemarkets, with the combined DK Rental business bringing in a fleet ofapproximately 2,700 machines (with an average age of two years) andseven main depots. In its latest year ended 31 December 2006, DK Rentalgenerated turnover of Eu31.6m and an operating profit of Eu11.2m andLavendon expects it to be eps enhancing in 2008. Another strategically sound acquisition, providing opport ...

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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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