Yes, I'm surprised by how quickly they seem to have risen. Every time I think they're about to drop back they seem to find more strength. Obviously the positive trading statement helped a bit and also M&G and Goldman Sachs picked up a few which can't be bad. It seems people have been encouraged by the good news surrounding the recent acquisitions too.
Nationwide Access, which I think is the primary trading arm of Lavendon, have a policy of pushing powered access out to sectors that previously may not have considered using it, spurred on no doubt by the 2005 Work at Height Regulations which encourage the use of "appropriate work equipment" in place of the traditional "man with a ladder".
Although I am expecting a pullback I think there may be further upside to come yet.
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