Miserable morning down south, so did a bit of a trawl through healthcare companies.Don't normally go for tiddlers, but although VDN only came to the market last year, it has been around for 36 years and its customer base looks a who's who of the pharma giants.Traditional business of manufacturing specialist storage cabinets now seen as base for expansion into outsourcing storage and other services for their customers. Interims suggest pretax margins of 20%. Debt higher than I like, but cash generation good. Based in Diggle - must be not far from you Alan (all I remember about it from my youth is that it has a tunnel under the Pennines!). Anyone in/any views?

Another good set of results this week and share price has held up over last 12 months better than most in my portfolio. Move into storage of heritage items could provide lots of opportunities and from a small base the growth could be excellent. 50% increase in (modest) dividend a gesture of confidence and these remain locked away. Always dyor.

RNS profit warning

Thanks Halifax. Found the RNS puzzling - VDN provide storage facilities rather than capital goods, so would have thought their business might gain in the sort of climate where large capital purchases being deferred. Cannot understand why profits should be "materially below" expectations. Because I don't understand it, I am now out. Some you win, some you lose and some like this you breakeven!

Agree don't understand either, a pity seemed to have promise.