Updates

VP

January 2022

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.

Equipment hire business VP released interims, which broker Berenberg considers “at least in-line” with its expectations. Revenues rose 23% to £176m and pretax profit 134% to £20.2m - 54% of Berenberg’s full year forecast - and came in the context of a market exiting lockdown restrictions. The UK more than doubled profit to £21.8m (H1 ’21: £9.9m) with major infrastructure projects, such as HS2 supported by buoyant housebuilding activity. The AMP7 (water) and CP6 (rail) infrastructure programs have seen some delays but VP expects volumes to improve in H2 and beyond. Commercial construction and civil engineering have been a little softer due to supply chain issues.International profits r ...

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Auto Trader - Shares soar over £7

Begbies Traynor

VP (August 2022)

Vp - Puts itself up for sale (June 2022)

VP - Equipment hire firm beats forecasts (May 2022)

Vp - Equipment hire firm in early stages of eps upgrade cycle (August 2021)

VP Group - Another â€œbottom-left-top-rightâ€ equipment rental share (November 2012)

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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