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Lavendon - Four upgrades to forecasts

October 2007

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:
  • 709p
Amazingly the pace at Lavendon (LVD; 709p) shows no sign of slowing.Latest half year profits, reported in September, showed a three and ahalf fold increase against the same half last year and in the light ofthose results brokers have increased their estimates for the fourthtime this year. Lavendon is a prime beneficiary of health and safety legislationwhich applies to those working at height where there is a risk of afall liable to cause personal injury. The company operates a hire fleetof so-called powered access equipment (such as the scissor lift, whichprovides vertical lift or the boom lift, which provides sideways outreach). Around 55% of business is done in the construction industry,predominantly in steel framed retail sheds ...

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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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