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Share Name | Share Symbol | Market | Stock Type |
---|---|---|---|
Polypipe Group Plc | PLP | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
---|---|---|---|---|
567.00 | 567.00 |
Top Posts |
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Posted at 07/5/2020 19:14 by philanderer FWIWInvestors Chronicle: Tip Update: Hold at 474p Polypipe (PLP) has been operating at around 70 per cent below normal levels, supplying customers primarily from existing stock. Residual demand has been driven by urgent NHS and healthcare activity, ongoing infrastructure and commercial work and essential repair, maintenance and improvement projects. Excluding lease liabilities, net debt had increased by over a fifth since the December year-end to £184m as at 31 March, attributed to seasonal working capital flows. An additional £50m revolving credit facility brings the total to £350m for the next 12 months. Despite this additional liquidity, the group is looking to raise £120m from an equity placing to avoid breaching its quarterly covenants through to June 2021. Under a “prudent&rdquo IC View Polypipe is assuming demand only starts to recover from July, with trading from September and throughout 2021 still 25 per cent lower than 2019 in its larger residential systems business. Move to hold at 474p. Last IC view: Buy, 466p, 17 Mar 2020 |
Posted at 07/5/2020 18:14 by baddeal As an investor no one likes to take a dilutive hit from an equity raise but my reading of today's move is that the board have done the right thing to position the business and balance sheet for the recovery. As a long term holder I think pp will emerge well and outperform others in the sector in the years ahead.Getting it away at only c10% discount is I think a decent outcome |
Posted at 19/3/2019 13:28 by philanderer Market report:Polypipe slid as its full-year revenue came in in line with expectations, but underlying EBITA and earnings per share were a miss. |
Posted at 07/10/2015 09:55 by 1861andy Seems one of the ii is selling large number of sharesCavendish Square Partners to sell up to 15,618,766 shares in UK's Polypipe, representing 7.84 pct of capital Hopefully they will get picked up by another investor, leaving my stop in place but could well break it if carries on down! |
Posted at 21/4/2015 22:55 by johnv Main write up in momemntum investor this month at 267p |
Posted at 04/3/2015 09:40 by gargleblaster Think it is just high volatility - nothing to concern yourself about if a long term investor.Does anyone know when the prelims are - Sharescope indicates that they are due anytime? |
Posted at 23/1/2015 19:36 by paduardo I emailed investor relations. They advised no plan to release a trading statement until March. |
Posted at 01/12/2014 17:19 by gargleblaster tiger - agree it looks very unloved (less so today). I think it just got caught up in the raft of IPO downdrafts. Also investors tend to get turned off by boring companies. Now perhaps people are starting to take a proper look at the business and the fundamentals look solid (imho). Good to see that management are quick to send out the message that they think the shares are under-valued by buying back stock. There was probably a leak of info since the shares rose before the rns came out. |
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