Updates

Lavendon - UK & Middle East going great guns

January 2015

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” put out a confident update for the third quarter, the keynote being improvements to revenue, margins and return on capital employed (ROCE) in spite of strong foreign exchange headwinds.In the UK (47% revenues) rental revenues grew 8%, thanks to further price rises and favourable mix improvement, with a greater demand for bigger, higher margin machines generally used in the earlier stages of construction projects and fewer higher volume / smaller units typically used in finishing projects.Within Continental Europe, there was a notable improvement in its German business (18% sales) where revenues only declined 2% versus 9% the previous quarte ...

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Lavendon - Receives two bid approaches (January 2017)

Lavendon - Stops new investment in Saudi (October 2016)

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

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Lavendon - Shares look heavily oversold (April 2015)

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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)

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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)

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Lavendon - Sharp fall in net debt (October 2009)

Lavendon - Improvement in operating margins (January 2009)

Lavendon (October 2008)

Lavendon (August 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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