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Lavendon

September 2016

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:
  • 113p
Lavendon, which rents out powered access platforms for people working at height, announced trading in line with expectations in the six months ended June.In the UK (44% revenues) rental revenues increased 7% reflecting the £7m additional investment into new machines in Q2 and better fleet availability.The Middle East (29% sales) achieved an impressive 22% year on year growth in H1 with growth in UAE, Kuwait, Oman and Qatar more than absorbing a decline in its higher margin Saudi Arabian business. As previously flagged future investment has been moderated reflecting the tougher conditions due to low oil prices. As a result free cash flow will now improve.In continental Europe (27% revenues) revenues increased 3% wi ...

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Related Articles

Lavendon - Receives two bid approaches (January 2017)
Lavendon - Stops new investment in Saudi (October 2016)
Lavendon - Shares underpinned by tangible NAV of 105p (April 2016)
Lavendon - Strong Middle East trading defies oil slump (March 2016)
Lavendon (January 2016)
Lavendon - Sharp increase in ROCE (October 2015)
Lavendon (September 2015)
Lavendon - Shares on such a low rating that CEO has acquired nearly 107,000 shares (May 2015)
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 UK market (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 - “Self-help†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 - 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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