Updates

Lavendon - Huge eps upgrades

October 2007

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.

Shares in Lavendon, the provider of powered access equipment, have surged to a new high of 710p after unveiling at its interim results that its performance for the full year would beat previous expectations. For the six months to 30 June turnover increased 46% to £83.3m, while the highly geared nature of equipment rental meant pretax profit soared more than seven-fold from £1.1m to £8.3m, on the back of a more than doubling in operating margins from 5.8% to 13.9%. Acquisitions and strong capex spend meant net debt increased from £91m to £115m, leaving its debt to equity ratio at 113%. The UK continued to be Lavendon’s powerhouse with revenues increasing 27% to £47.1m (like-for-like ...

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Lavendon - Stops new investment in Saudi (October 2016)

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Lavendon - Sharp increase in ROCE (October 2015)

Lavendon (September 2015)

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Lavendon - Shares look heavily oversold (April 2015)

Lavendon (March 2015)

Lavendon - UK & Middle East going great guns (January 2015)

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)

Lavendon (March 2014)

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)

Lavendon Group - "Self-help" programme driving surge in eps growth (March 2013)

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 - 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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