Updates

Lavendon - Rental Revenues increase

June 2014

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, which hires out powered access platforms to provide a safe way of working at height, released a positive update for the period from 1 January to 17 April. Improved trading conditions and relatively undemanding comparatives (weather was bad in Q1 â€™13) meant rental revenues increased 8%. The UK (47% sales) grew rental revenues an impressive 10%, the highest rate of growth in over 3 years, driven by a 2% improvement in pricing and 8% jump in volumes. Elsewhere, both the Middle East (21% revenues) and France (9% revenues) grew turnover 13% and 9% respectively while the only trouble spot was Germany (17% sales), where sales fell 3% due to sharp declines in pricing. We tipped the shares at 170p in March la ...

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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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