We liked shares in Vp because it was well diversified, had a solid balance sheet and management were buying back shares. We haven't been disappointed.
IC TIP:
Buy
at
305p
The share price is 19 per cent up on our tip in a little over three months and - with a recent trading update talking of a "promising start" to 2012-13 and a board confident of delivering "further satisfactory results" - we retain our buy recommendation.