Vp

www.vpplc.com TICKER: VP.     EXCHANGE: FTSE

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.    

LATEST REPORTS

 
Record H1 & strategic £68.8m acquisition of Brandon Hire
Published: Nov 21 2017

Vp is a specialist rental business providing equipment and services to a wide range of markets including civil engineering, rail, oil and gas exploration, construction, outdoor events and industry, primarily (>90% FY19 sales) within the UK, but also from overseas.Encouragingly, the existing business continues to bang out “excellent” numbers, such as today’s interims. Here, headline adjusted PBTA came in at £21.1m up 13% (vs £18.7m LY) on turnover 12% higher to £136m (£121.7m) - delivering EPS of 44.2p (+17%), 16% ROCE and a 6.8p dividend (+13%). Divisionally, t

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On track for further profitable growth
Published: Sep 29 2017

Vp is a specialist rental business providing equipment and services to a wide range of markets including civil engineering, rail, oil and gas exploration, construction, outdoor events and industry, primarily within the UK (88.5% FY17 sales), but also increasingly overseas (11.5%).If looking for a solid, dependable and well diversified plant-hire specialist, then perhaps look no further than Vp, who navigated the last downturn with real aplomb. It said yesterday that trading for the first 5 months had been “positive” and consistent “with full year expectations”. An impressive perfo

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Making all the right moves
Published: Jun 06 2017

Vp is a specialist rental business providing equipment and services to a wide range of markets including civil engineering, rail, oil and gas exploration, construction, outdoor events and industry, primarily within the UK (88.5% FY17 sales), but also increasingly overseas (11.5%).They have today issued another “excellent” set of results. FY'17 PBTA and EPS coming in at £34.9m (+17%) and 69.5p (+12%) respectively, with the dividend hiked up 17% to 22p on the back of 16% ROCE - once again in excess of the Board’s stretching ‘through-cycle’ goal of 15%. Indeed, returns h

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Another record year
Published: Apr 07 2017

Vp is a specialist rental business providing equipment and services to a wide range of markets including civil engineering, rail, oil and gas exploration, construction, outdoor events and industry, primarily within the UK, but also overseas (Estimated at 12% of sales).Quality stocks seem to consistently outperform their peers through both ‘thick and thin’ - and for specialist equipment hire business Vp, this certainly seems to be the case. You see, during the 2008-9 financial crisis the company’s downside resilience helped it cope admirably amid some of the toughest conditions in living

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Excellent 1st half drives profit upgrades
Published: Nov 29 2016

Vp is a specialist rental business providing equipment and services to a wide range of markets including civil engineering, rail, oil and gas exploration, construction, outdoor events and industry, primarily within the UK, but also overseas (Estimated at 12% of sales).  Vp plc this morning produced strong interim results: H1’17 adjusted PBTA came in at £18.7m (+9%) on turnover up 16% to £121.7m, delivering EPS of 37.9p (+8%) and a 15.6% ROCE - the latter exceeding the Board’s own internal targets of 15%, and once again reinforcing the quality of the business vs rivals.The

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Vp - Equity Development Investor Forum, September 2016
Published: Sep 30 2016

Neil Stothard, Chief Executive, explains to investors the opportunities for the business.

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Trading slightly ahead of expectations
Published: Sep 28 2016

Vp is a specialist rental business providing equipment and services to a wide range of markets including civil engineering, rail, oil and gas exploration, construction, outdoor events and industry, primarily within the UK, but also overseas (estimated at 12% of sales).In their H1 trading update this morning, Vp said that it had maintained its positive start to its financial year (to end March 2017) with good progress made in the majority of its markets, and that the UK division (88% of FY’17 revenues, on our forecasts) had enjoyed healthy trading within the construction and housebuilding sec

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ARCHIVE

2016
'Positive start' to the year, even post Brexit
Published: Jul 27 2016

Vp is a specialist rental business providing equipment and services to a wide range of markets including civil engineering, rail, oil and gas exploration, construction, outdoor events and industry, primarily within the UK, but also overseas (Estimated at 12% of sales).Is Britain at risk of talking itself into a recession? Following last month's EU Referendum, the media has been awash with predictions of a collapse in house prices and business confidence. Sure, there is likely to be some form of temporary impact, especially in prime central London property - but with UK assets now circa 10

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Second record breaking year in a row
Published: Jun 07 2016

This morning, Vp plc posted another set of record results, (against a backdrop of more subdued UK building activity ahead of the EU Referendum), driving operating margins up to 15.3% from 14.0%, on the back of improved divisional mix, operational gearing and asset disposals. For the year to 31 March 2016, Vp reported an 11% improvement in profit before tax and amortisation to £29.8 million, a 14% increase in basic earnings per share, pre-amortisation, to 62.21 pence, and a 14% increase in the full year dividend, to 18.85p. In 2015/16 the star divisional performers were: Hire Station (Too

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A$24m (£13.2m) Australian acquisition
Published: Apr 20 2016

Vp plc has today announced the acquisition of TR Pty Ltd for a cash consideration of A$17.4 million payable on completion,  and assumed net debt of A$6.6 million. In recent years Vp has made strong progress based mainly on its operations within the UK.  Today's acquisition is a major step forward in increasing the Group's overseas presence.TR is engaged in the specialist rental of test & measurement, communications, and audio visual equipment in Australia, New Zealand and Malaysia.  TR is the market leader in technical equipment rental and calibration in Australia.

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Trading in line with expectations
Published: Mar 01 2016

Yesterday Vp plc announced the acquisition of Higher Access Ltd, (the UK leader in hiring out niche tracked access platforms, operating from two sites in Burnley and Luton) for £4.1 million. The business will become a subsidiary of Vp's UK Forks division. Vp also confirmed that it had "experienced a satisfactory winter period", and that it is on track to deliver full year results (for the year ending 31 March) in line with current market expectations.Vp has an excellent record in recent years of making very successfull (and earnings enhancing) bolt on acquisitions, which, in almost

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2015
"Solid progress" in H1 drives PBTA upgrade
Published: Nov 25 2015

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'Performing well ' as rivals stumble
Published: Jul 22 2015

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Record Breaking Year
Published: Jun 03 2015

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FY15 PBTA forecast to climb 30% year-on-year
Published: Feb 24 2015

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2014
Outstanding first half performance
Published: Nov 26 2014

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Continued strong momentum
Published: Sep 29 2014

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£5.5m tuck-in acquisition
Published: Jul 30 2014

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In upbeat mood
Published: Jul 22 2014

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Knocks the ball out of the park
Published: Jun 04 2014

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On track for solid year
Published: Feb 17 2014

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2013
Riding UK housing and infrastructure boom
Published: Nov 25 2013

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Building on rock solid foundations
Published: Oct 22 2013

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