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Lavenden - Can anybody explain why? (LVD)     

Philcom - 09 Dec 2003 21:37

My son holds a few shares in Lavenden and asked me tonight why out of the blue it had gained 7.5 today - I've looked at the number of shares traded - nothing to write home about - no news - or i don't think there is.

Does anybody have any thoughts?

petesteve - 30 May 2007 14:42 - 10 of 14

Cycladic Catalyst Master Fund, Cycladic Capital LLP have registered interest of 19% we're now up 4.8% today

petesteve - 01 Jun 2007 14:02 - 11 of 14

something must be happening up another 6.8%

soul traders - 01 Jun 2007 15:18 - 12 of 14

This is a real performer - wish I had stuck with it!

petesteve - 13 Jun 2007 10:50 - 13 of 14

4th June Lavendon Group plc ('Lavendon'), Europe's market leader in the rental of powered
access equipment, today announces the acquisition of Wizard Workspace Limited
('Wizard').

Wizard operates a rental fleet of 1,300 machines in the UK, through a network of
nine depots with a head office in Norwich. The audited accounts for Wizard for
the year ended 31 December 2006 showed a turnover of 8.8 million, a profit
before tax of 0.6 million, gross assets of 9.7 million and net liabilities of
1.7 million.

this must have impressed someone as this one dos'nt seem to stop its rapid rise

petesteve - 20 Jun 2007 10:37 - 14 of 14

still flying up 3.21% this morning - Lavendon Group PLC said its results for the six months to end-June will exceed current market expectations as year-on-year revenues grew 48 pct reflecting both organic growth, significantly improved operating margins and contributions from EPS-enhancing acquisitions.

The company, which rents powered access equipment, brought forward its trading update to say it continues to trade strongly and explore acquisition opportunities, and is confident it will be able to report further progress in coming months.

The company said its German operations have returned to profit with a 134 pct increase in revenues and that further progress is expected in the seasonally stronger second half.

UK revenues rose 26 pct, with both the Rise Hire and Wizard Workspace acquisitions expected to contribute to business performance for the remainder of the year. The decline in French revenues slowed to 7 pct and Middle East operations showed an 83 pct rise in revenues.

Debt levels remain comfortable and are well supported by strong operational cash flows, the company said.
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