Vp (#VP.) – states “on course to perform in line with market expectations”, though that with H2 “expected to outperform H2 FY26”

Vp plc – full-year results, how “resilient” a performance across the group really?…

Most recently on infrastructure equipment rental company Vp plc (VP.), in April with the shares at 480p I questioned a “remains strong” balance sheet and concluded, ahead of the year-end balance sheet detail and some further trading insight, still avoid. The shares most recently closed at 478p and what about now results for its year ended 31st March 2026 headlined “Operational discipline and strategic transformation driving resilient performance across the group”?

Vp (#VP.) – FY adj. EPS down to 54.5p, DPS maintained at 39.5p, this year “expects an improvement” though including with “improved demand across core infrastructure markets”

Vp plc – emphasises “continues to progress its strategic priorities”, but what about financially?…

Infrastructure equipment rental company Vp plc (VP.) has issued a “Trading Update” including that it “has maintained operational and financial discipline and continues to progress its strategic priorities”. What does that mean in terms of trading performance relative to a 480p share price, £193 million market capitalisation?

Vp (#VP.) – “tough market conditions… expects to report FY… (adj., pre-tax) profits between £26-29m”

Vp plc – having last week stated “look forward… to continue the momentum”, what about now a “trading update”?

Most recently on equipment rental company Vp plc (VP.), in July with the shares down towards 550p I was cautious noting its trading trajectory and market conditions. Just last week though the company issued a CEO update including Executive Chair Jeremy Pilkington “very pleased to welcome Alice (Woodwark)… Our strategy to deliver growth through operational excellence, greater group-wide collaboration and a focus on specialist, higher return markets remains clear. I look forward to working with Alice and our exceptional team to continue the momentum we have built under Anna (Bielby)’s leadership”. So a positive “Trading Update” announcement today then?

Vp (#VP.) – profit warning blaming “current market headwinds, particularly in construction and water”

Vp (#VP.) – appointment of Alice Woodwark as CEO

Vp (#VP.) – H1 adj. EPS down to 33p, DPS maintained at 11.5p, argues FY “currently expected to be in line with market expectations”

Vp (#VP.) – argues expects FY “in line with market expectations”, though that requiring “modestly weighted towards the second half”

Vp plc – argues trading “resilient” in “mixed market conditions”, so why a further share price fall?…

Infrastructure equipment rental company Vp plc (VP.) has issued an “AGM Statement” including that the transmission sector has been strong and specialist construction continues to perform well, though also that rail activity levels continue to be subdued and general construction market conditions remain challenging. So what is the net effect relative to the valuation at a most recent close 568p share price?

Vp (#VP.) – currently “continues to expect performance for the year to be in line with market expectations… mixed market conditions”

Vp (#VP.) – expects year ended 31st March 2025 “in line with market expectations”; adj. PBT £37m

Vp (#VP.) – H1 adj. EPS down to 39p, DPS maintained at 11.5p, “headwinds and challenging conditions continue to impact General Construction and Housebuilding”

Vp plc – I previously having stated caution on it being able to meet its current year expectations, now a profit warning (and acquisition)…

Most recently writing on construction equipment rental company Vp plc (VP.), in June with the shares up to 700p I concluded that I was cautious on it being able to meet its current year expectations and thus then avoided. What of today acquisition and trading update announcements, and the shares currently down to around 600p?

Vp (#VP.) – profit warning, noting construction, housebuilding and rail headwinds

Vp (#VP.) – acquisition of “powered access” business Charleville Hire and Platform for initial €12.1m and up to a further €21.7m

Vp plc – emphasises full-year “solid performance reflects strength of business”, how ‘strong’ then?…

Construction equipment rental company Vp plc (VP.) has announced results for its year ended 31st March 2024 headlined “Solid performance reflects strength of business and diverse end market exposure”. What of that and a currently slightly higher to 700p share price?

Vp (#VP.) – FY adj. EPS -5% to 74.8p, DPS +4% to 39p, “confident in our ability to react to changes in end markets”

Vp (#VP.) – CEO Neil Stothard to retire at end of next month, CFO Anna Bielby to become CEO and CFO recruitment process commenced