VP PLC Research shows it's a strong buy for 2002>>

Take a look at this bit of research, I think it’s an excellent new year buy.

This company meets all of Jim Slater’s criteria as a buy for growth.

They are not talked about much anywhere, is this because there is nothing to get excited about?, or is it an undiscovered gem??

Opinions please.

(EDITED ON 20/7/04 TO REMOVE OUTDATED FIGS ETC)

History

Vp’s history goes back over almost 50 years to the original plant hire company founded in Harrogate in 1954 by Fred Pilkington, Grandfather of the present Chairman. The company, Vibratory Roller and Plant Hire (Northern) Limited, quickly grew to offer a broad range of non-operator equipment.

By the 70’s, the company eventually reached the point where significant funding was required to facilitate further expansion, and obtained a London Stock Exchange listing in 1973. The depot network was expanded to give national coverage and new product ranges were introduced.

The company’s first overseas acquisition of Florida Hi-Lift was made in 1982. Florida Hi-Lift, an aerial access platform hire and sales company, renamed American Hi-Lift, grew to become one of the largest rental businesses in North America

After undergoing major restructuring in the late 90’s, American Hi-Lift, the U.S. aerial lift business, was sold in 1996 to facilitate further expansion within the U.K. market. Later that year, the company made its first tool hire acquisition; Cannon Tool Hire, a six depot operation in Kent.

Into the Millennium, through organic growth and acquisition, Vp now operates an ever expanding national tool hire operation from over 80 depots throughout the U.K., working alongside the company’s market leading business units of; Torrent Trackside, Groundforce, Safeforce, Airpac and UK Forks.

Charts

Long Term Chart

Fundamental Data

Sector      Mkt.Sector   SSC6   Mkt.Segment   SSMM   Turnover   149   Profit   19.86   Norm EPS   36.09   PE Ratio   3.55   Market cap   59.12   NMS   -

News

04/12/08 10:11 UKREG 01/12/08 10:27 UKREG 25/11/08 07:01 UKREG 18/11/08 16:44 UKREG 18/11/08 16:37 UKREG