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Lavendon - 30% growth in Middle East -tax free

August 2013

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.

  • Epic Code:
  • LVD
  • Price:
  • 162p
Lavendon has issued a H1 update saying that Q2 saw a return to growth after the weather disruption in Q1. Some pricing adjustment in UK operations has been necessary to retain market share. The Middle East (+30% sales) market continues its barnstorming run. Panmure forecast eps of 13.4p this year, lifting to 15.3p next. You could wait to buy but I think the next big move is more likely to be up than down and meanwhile the well invested fleet will be catching the eye of Ashtead once again. Buy. ...

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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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