Updates

Lavendon - Middle East up 34% in Q1

May 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.

At its AGM, powered access firm Lavendon said it remains confident of meeting market expectations this year. Q1 has been disrupted by the bad weather in Europe but the quarter is always the least significant. There is a lot less excess fat in Europe now and the company seems to be well ahead of budget in achieving the savings promised. Any shortfall in Q1 sales should be recovered in Q2. The beacon of light is meanwhile the strong revenue growth in the Middle East (up 34%) where margins are superb and hire lengths long. To benefit from the hungry market Lavendon has just added additional equipment leaving net debt at £111m but after additional investment elsewhere, should fall to £97m by the year-end. ...

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GB Group

Waterlogic

Lavendon (February 2017)

Lavendon (January 2017)

Lavendon - Unsolicited bid and counterbid! (December 2016)

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

Lavendon - Trading at top end of forecasts (February 2016)

Lavendon (September 2015)

Lavendon - Upgrade when others in sector get downgrade! (August 2015)

Lavendon - UK trending higher (May 2015)

Lavendon - Peel Hunt forecasts eps of 16.6p for current year (March 2015)

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

Lavendon (September 2014)

Lavendon (March 2014)

Lavendon - Results due 27 February (February 2014)

Lavendon (December 2013)

Lavendon - Middle Eastern leg becomes biggest (October 2013)

Lavendon - 30% growth in Middle East -tax free (August 2013)

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

Lavendon Group (December 2012)

Lavendon Group - Tidal wave of free cashflow (October 2012)

Lavendon (August 2012)

Lavendon (April 2010)

Lavendon (December 2009)

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Lavendon (August 2009)

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