The equipment rental specialist
Vp plc is a specialist rental business providing products and services to a diverse range of markets including civil engineering, rail, oil and gas exploration, construction, outdoor events and industry, primarily within the UK, but also overseas
Vp is a well established group which has evolved over nearly 60 years of trading from a broadly based plant hire company to a service based group providing equipment rental and associated services to a range of market sectors. Floated on the London Stock Exchange in 1973, Vp now comprises 6 business divisions:- Groundforce, UK Forks, Airpac Bukom Oilfield Services, Hire Station, Torrent Trackside and TPA.

A buy in this weeks IC - VP shares still looking cheap.

VP shares trade on 10.5 times forecast earnings, compared with 15 times for the wider rental sector. True, the company doesn't have the same stellar growth rates as peers, but that discount is still too wide.

Down 10% today

Ex-Dividend
10 Jul 13 VP PLC [VP.] (9 p)

Vp PLC : AGM Statement

HUG






Press Release 23 July 2013

Vp plc
("Vp" or the "Group")

AGM Statement

Vp plc, the equipment rental specialist, announces that at the Group's Annual General Meeting held earlier today, all resolutions put to Shareholders by the Board were duly passed.

Speaking at the Annual General Meeting, Jeremy Pilkington, Chairman, commented:

"The Group has started the new financial year well and in line with our expectations. The first quarter's trading has been positive, and with solid revenue growth compared with the prior year, the business is well positioned to deliver another good performance this financial year."

- Ends -

How odd ?
Not the same as ADV


Me pregunto ¿por qué?

Yes agree djalan. +3.08% yesterday close. Odd?


(VP.) Vp PLC
404.00 +12.00 (3.08%

Thanks skinny.

only -1p (0.25%) Graph wrong again not -9%





Director Deals - VP PLC (VP.)

BFN

Neil Stothard, Managing Director, bought 8,500 shares in the company on the 24th July 2013 at a price of 407.00p. The Director now holds 681,576 shares.

Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com

Showing a 10% fall, money am again. Not down 1%.

Investment summary: Good start to FY14

http://www.edisoninvestmentresearch.com/researchreports/VPQV020813.pdf

Vp PLC : Acquisition

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Press Release 4 September 2013

Vp plc
("Vp" or "the Group")

Acquisition

Vp plc, the equipment rental specialist, today announces the acquisition of the entire issued share capital of Mr Cropper Limited ("Mr Cropper") for a consideration of £4.6 million.

Mr Cropper is the market leader in the rental of pile cropping machines to the UK groundworks and construction sectors. Operating across the whole of the UK with two locations in the South East and Midlands, Mr Cropper has been established for 13 years.

Mr Cropper will be integrated within Vp's Groundforce division, complementing the Group's existing piling equipment activities.

Jeremy Pilkington, Chairman of Vp plc, commented:

"We are very pleased to welcome a market leading business of Mr Cropper's quality to the Vp group. The specialist nature of the business is an excellent fit for Vp and Mr Cropper will provide complementary activities in support of our other businesses operating in the groundworking and construction sectors."

- Ends -

Vp PLC : Half-yearly report

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Press Release 26 November 2013

Vp plc

("Vp" or the "Group" or the "Company")

Interim Results

Vp plc, the equipment rental specialist, today announces its Interim Results for the six months ended 30 September 2013.

Highlights





•
Profit before tax and amortisation increased 17% to £12.8 million (2012: £11.0 million)
•
Revenues of £91.3 million, 9% ahead (2012: £84.0 million)
•
Return on capital employed 13.9% (2012: 13.2%)
•
Profit margins improved once again to 14.0% (2012: 13.0%)
•
Capital investment in rental fleet 46% higher than the prior year at £18.3 million
•
Acquisitions of £4.6 million
•
Interim dividend increased to 3.6 pence per share
•
Solid balance sheet with strong operational cash flow

Jeremy Pilkington, Chairman of Vp plc, commented:
"The Group has produced another excellent set of results with profits, margins, return on capital and earnings per share all strongly ahead. Substantial capital investment in the rental fleet and the acquisition of Mr Cropper in September demonstrates our confidence in the opportunities for growth. The Board believes the Group is very well placed to continue to deliver further progress for the year as a whole and beyond."

- Ends -

27 Nov Cantor... 570.00 Buy

A buy in this weeks IC - VP thrashes forecasts.

Better than expected first half numbers from VP offered proof that the UK economy is in recovery mode. Earnings should grow nicely as the economy recovers and they still trade on less than 15 times forecast earnings, a discount to peers.

MIDAS UPDATE: That’s a pick-up! Our tip, equipment rental firm Vp, leaps 77 per cent

By Joanne Hart, Financial Mail On Sunday

PUBLISHED: 22:04, 7 December 2013 | UPDATED: 22:04, 7 December 2013

Equipment rental firm Vp has had a stellar year. With products ranging from temporary roads to forklift trucks to hand-held drills, Vp is reaping the benefits of economic recovery.


Recommended by Midas in September 2012 at 304p, we took a fresh look at the stock last February, by which point they had risen just 8.5 per cent to 3293⁄4p. Since then, they have surged by 69 per cent to 558p as results have beaten expectations and chairman Jeremy Pilkington has expressed confidence about the future.



Boom: Vp is benefiting from the economic recovery

On November 26, half-year results for the six months to September 30 showed profits up 17 per cent to £12.8 million, sales up 9 per cent to £91  million and an 11 per cent increase in the dividend to 3.6p.

Pilkington expects further good progress this year and beyond, so brokers now anticipate profits up 8 per cent to £18.9 million for the year to March, with a 10 per cent rise in the dividend to 13.5p.


The company has been investing heavily in its rental fleet, so products are in top condition and customers are satisfied. Pilkington’s grandfather founded the firm and his family owns more than 50 per cent, so he is highly motivated to make the right decisions and pay decent dividends.


Midas verdict: As the housing market has roared back to life and construction has picked up, Vp has seen a healthy rise in sales and profits.


Government promises about infrastructure investment should fuel future growth. Investors who have seen returns of 77 per cent might wish to sell half their stock, but they should keep the rest of their shares.

Vp plc, the equipment rental specialist, will be announcing its Final Results for the year ended 31 March 2014 on Thursday, 5 June 2014.

Vp PLC : Final Results

HUG


Press Release 5 June 2014



Vp plc

("Vp" or the "Group" or the "Company")

Final Results



Vp plc, the equipment rental specialist, today announces its Final Results for the year ended 31 March 2014.

Highlights

•Significant improvement in profit before tax and amortisation by 16% to £20.1 million (2013: £17.4 million)


•Revenues increased 10% to £183.1 million (2013: £167.0 million)


•Basic earnings per share pre-amortisation rose 18% to 42.0 pence


•Return on capital employed improved to 13.5% (2013: 13.3%) maintained above target threshold of 12% for 10 consecutive years


•Continued strong cash flow generation with EBITDA increasing to £44.3 million (2013: £41.0 million)


•Increase in net debt to £53.0 million (2013: £45.3 million) after funding:

◦Capital investment in the fleet of £38.2 million


◦Successful £4.6 million acquisition of Mr Cropper in September 2013



•Final dividend proposed of 10.4 pence per share, making a total of 14.0 pence for the full year (2013: 12.25 pence), an increase of 14%




Jeremy Pilkington, Chairman of Vp plc, commented:
"It has been another highly successful year for the Group with significant progress in revenue, profits, earnings per share and dividends.

Economic indicators in the UK and mainland Europe now appear more positive than for some time and all businesses within the Group are identifying significant opportunities for growth and investment.

We believe that our established financial discipline combined with the active pursuit of growth opportunities will continue to deliver quality returns for shareholders.

We look forward to the year ahead with confidence."

- Ends

Questor share tip: Vp enjoys signs of recovery

The smallcap rental firm reported solid trading as the construction market slowly recovers, says Questor

Revenues increased by 10pc to £183m, and pre-tax profits were up £2.5m, to £18.9m for the year ended March.

Revenues increased by 10pc to £183m, and pre-tax profits were up £2.5m, to £18.9m for the year ended March. Photo: Bloomberg News

By John Ficenec, Questor editor

3:00PM BST 07 Jun 2014



Vp
666p
Questor says HOLD


UK-based rental company Vp (VP) reported revenue and profits accelerating into the end of the year in its annual results last week and shares could rise further as it enjoys a recovery in its core construction market.


The company is well diversified across construction, oil and gas and equipment hire. Revenues increased by 10pc to £183m, and pre-tax profits were up £2.5m, to £18.9m for the year ended March.


Jeremy Pilkington, chairman, said: “Economic indicators in the UK and mainland Europe now appear more positive than for some time and all businesses within the Group are identifying significant opportunities for growth and investment.”


Management’s confidence in the outlook has been demonstrated by a significant increase in investment in its fleet of vehicles and equipment. Capital investment in the fleet was £38m, up from £32m a year earlier, and significantly more than the charge to just replace old equipment that is about £20m.

As UK exports continue to grow, Amy Wilson examines which sectors are most successful
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Vp is focusing its investment on its forklift truck business UK Forks. The booming UK housing market is driving strong demand for its vehicles and the company is looking to take advantage of revenue up 16pc to £16.3m and profits up 19pc to £2.5m in the year just ended.

Investment is also going into its Airpac Bukom business that provides well testing equipment to the oil and gas sector. Neil Stothard, managing director, said the company is seeing strong global demand for its equipment especially from the gas industry.

The core division of groundforce had a strong year with revenue up 14pc to £42.3m and operating profits largely flat at £7.9m. Groundforce provides hydraulic rams to shore up the sides of huge works like foundations. The division has been boosted by infrastructure work with particular help from the water utility sector, but this work will see falling demand in the year ahead.

Elsewhere, the company is benefiting from increasing work on Britain’s railways and the tool hire operation reported a steady 7pc increase in revenue to £66.2m, and profits of £4.8m.

Vp is a well diversified business and should benefit from even a tentative recovery in the construction sector. The company is a solid operator but the shares on 17 times forecast earnings are no better than a hold.

Vp: WH Ireland moves target price from 760p to 775p retaining a buy recommendation.

Director Deals - VP PLC (VP.)

BFN

Neil Stothard, Managing Director, bought 5,000 shares in the company on the 22nd July 2014 at a price of 662.50p. The Director now holds 781,116 shares.

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Director deals data provided by www.directorsholdings.com