Dig a hole with the little ones on the beach and you will know that, just when Australia seems within reach, the sides fall in. Builders excavating foundations for tower blocks or the like face much the same problem. Specialist rental firm Vp provides a solution; while a recent share buy-back and increased spending on equipment show that its bosses think the bottom of the construction cycle is near. City analysts have been upgrading their earnings estimates and, if management is right, we think shares in this small-cap player with a solid dividend record look cheap.
By John Ficenec,
19 April 2012
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