Updates

Lavendon - Trading at top end of forecasts

February 2016

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.

Lavendon has said it expects 2015 results to come in at the top end of expectations with profitability, margins and ROCE continuing to show improvement. Net debt at £119m reflects accelerated fleet investment in FY15.The rate of revenue growth in the Middle East accelerated in Q4 (overall FY15 sales +7%), driven by increased utilisation of an enlarged fleet and despite more demanding comparatives. Pricing pressure seen in Saudi continues to be more than absorbed by strength in the other regions, especially Qatar and the UAE.Continental Europe (FY15 +3%) was boosted by double digit revenue growth in France and Belgium whilst Germany returned to growth. The UK (FY15 -1%) returned to year-on-year revenue growth in Q4.FY15 ...

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Lavendon - Unsolicited bid and counterbid! (December 2016)

Lavendon - Trading at close to book value (131p) (March 2016)

Lavendon (September 2015)

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Lavendon - 2014 at top end of expectations (February 2015)

Lavendon (September 2014)

Lavendon (March 2014)

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Lavendon (December 2013)

Lavendon - Middle Eastern leg becomes biggest (October 2013)

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Lavendon - Middle East up 34% in Q1 (May 2013)

Lavendon - EBITDA rises 5% to £75m (March 2013)

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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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