Lavendon Group (in 2010) rejected a takeover bid at 111p.

Click on epic code above to see company data.


"Lavendon Group plc is the market leader in the rental of powered aerial work platforms in both western Europe and the Gulf States. We have operations in the United Kingdom, Germany, Belgium, France, Spain, Saudi Arabia, the United Arab Emirates, Bahrain and Qatar. Our equipment fleet totals more than 22,000 units and we employ over 1,600 people."

website www.lavendongroup.com



Safety legislation such as the UK's 'Working At Height Regulations' is helping to drive rental demand. Similar laws are being enacted in various countries. Powered access platforms are increasingly preferred to ladders and scaffolding.



Lavendon Group trades as Lavendon Access Services (UK) Ltd, Nationwide Platforms (UK), Panther Platform Rentals Ltd (UK), Lavendon Access Services (France) S.A.S, Gardemann Arbeitsbuhnen GmbH (Germany), Rapid Access L.L.C (Dubai), Lavendon Access Services (Spain) S.L.U., DK Rental N.V (Belgium)

Earnings % are better in the second half. Anyway its each to their own. Im not keen on the management at SDY. Let me down in the past. Have considered it but opted for LVD instead after selling my AHT as I think thats running out of steam for the moment.

LVD - blue
SDY - red

LVD has outperformed SDY on both 3 month and 1 year by 35% or more

on this basis SDY needs to gain ground as on past times and get level or close to it

That was the main reason for buying some SDY last week at just under 24p

Up she goes.

.

Lavendon this morning bounces off 150p. It’s worth noting broker recommendations for Lavendon with current consensus being that of buy. Panmure Gordon provided its last update on Lavendon on the 31/08/2012 when the price was 128p at the time it placed the stock on buy recommendation increasing its target price from 136p to 160p. I'm feeling cautiously bullish on Lavendon following a relaxation on planning laws, although this is good for the UK market I can’t help but be cautious as European austerity will drive down demand there.

On dividends the final was paid at a rate of 1.38p on the 1st May 2012, the interim dividend is due on the 15th October 2012 at a rate of 0.75p. Total dividend for the year is 2.13p, at the current share price of 148p this equates to a 1.44% dividend yield.

Earnings, EPS for end of 2012 are forecast at 12.07p which against a share price of 148p is a PE of 12.2, and for 2013 EPS is forecast at 13.4p give a PE of 11, whilst historically in past it has been as high as the 20's. So the share would appear to be cheap at present rates.

If the yield were higher this would sit as a buy for me, I am worried about forward momentum with the cut backs in Europe and I would like to see a further reduction in debt. Panmure Gordon based its 160p target on a PE of 12 which we know the market supports and forecast 2013 earnings of 13.4p which is logical. I think 150p will provide resistance as investors will want confirmation if the company is still on track to meet forecast earnings before raising their target prices and accumulating further. One for the watchlist I think..

Trading Update

Full year results expected to be at the upper end of Board's expectations



http://www.moneyam.com/action/news/showArticle?id=4519662

Up nearly 8%

SDY has performed better as I was expecting ( the graph above shows and the figures below also)

at 10 Sep 2012
SDY Was 26p now 40p up by 53.8%

LVD was 138p now 155.75p up by 12.8% ( after today's large rise )

Lavendon: Panmure Gordon shifts target price from 160p to 164p and downgrades from buy to hold.

Been in since Aug sold my holding

Nice one squirrel!

Early I know skinny, On to the next investment. What it is I don't know yet. lol

I hear these might catch on - worth a punt!

I don't think so.lol

Lovely breakout and very strong momentum........

David Buik ‏@truemagic68 15m15 minutes ago Scotland

Panmure's Paul Jones posts a 'BUY' recommendation for LAVENDON GROUP