Updates and Ideas

Lavendon - Directors buying

March 2009

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.

The last time shares in Lavendon (LVD; 101p) were trading close to present levels was in 2004 when a very sharp share price rally ensued, which saw them climb from 100p to almost 732p in 2007. Directors are clearly hoping for a repeat with three of them, including chief executive Kevin Appleton, buying a total of 36,000 shares at various prices between 102p and 110p in March. Lavendon is an equipment rental company that specialises in powered access equipment (such as the scissor lift, which provides vertical lift or the boom lift, which provides sideways out reach). Growth in its market is driven in part by legislation that makes management responsible for the enforcement of safe working practices and the elevated lifts allow saf ...

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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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