22 April – trading update

It is pleasing to see that despite poor trading at the start of the year, due to the adverse weather conditions, an improvement in trading more recently means that rental group Lavendon should be able to make good this shortfall over the rest of the year.  There have been clear improvements in activity levels from March onwards, especially in Germany, whilst demand in the Middle East continues to pick up.  The share price remains some way below the 12-month high of 139p, thus leaving scope for further upside. BUY.