After recent warnings from HSS Hire and Speedy Hire, share prices in the equipment hire sub sector have been under pressure at a time of wider market turmoil. On Friday, Lavendon broke the trend, reporting a solid set of interim results that were in line with expectations. The second half is said to have started well, the targeted capex programme should drive further revenue growth, returns continue to improve and, in our view, the medium term outlook is positive. We consider the shares attracti ....
02 Sep 2015
Positive outlook underpinned by fleet investment
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Positive outlook underpinned by fleet investment
After recent warnings from HSS Hire and Speedy Hire, share prices in the equipment hire sub sector have been under pressure at a time of wider market turmoil. On Friday, Lavendon broke the trend, reporting a solid set of interim results that were in line with expectations. The second half is said to have started well, the targeted capex programme should drive further revenue growth, returns continue to improve and, in our view, the medium term outlook is positive. We consider the shares attracti ....