Crh Share Discussion Threads

[lbo] 28/5/2009 22:54

CRH, was down 4.5 per cent at €16.78. Investors sold the stock after its smaller British rival, Wolseley, reported an 80 per cent fall in profits. The British company had profits of £17 million sterling on the back of a £3.6 billion turnover, indicating that margins in the sector are under pressure. Also data yesterday from the US that showed the housing market there remained under pressure

[wodahsnoom] 27/5/2009 23:07

Agree S M, you seem to be alone on this thread. I'm probably a bit too overweight in CRH but when a few earnings enhancing aquisitions are announced they'll be flying imho. Plenty in the war chest.

[lbo] 25/5/2009 11:51

With the US$ reaching $1.40 last week the impact of adverse currency movements moves back up the agenda again for CRH. If such a rate were to persist for the remainder of the year, US profits (c.48% of group profits) would be translated at an average exchange rate of $1.36. Our forecasts assume a rate of $1.25, so assuming $1.36 would impact FY09 earnings by circa 4% to 132c, which compares to current forecasts of 138c.

[lbo] 11/5/2009 15:23

Shares in CRH fell by 16c to E18.06. A report from Davy Research today said that the global cement market is not out of the woods yet with the slowdown in demand showing little signs of improving soon. Cement down cycles tend to last two to three years, it said. Margins for cement companies in the early 1990s peaked in 1989 at about 16pc and fell for three years to 10pc. However, it took ten years to recover to previous peak levels. "In this cycle, top-line growth did not go negative until Q1 2008 despite negative EBITA growth in Q4 2007 (when margins cracked). Earnings downgrades for consensus numbers did not begin until Q3 2008. We do not expect earnings to trough until 2010 and think that it is still too early to buy cement names".

[stephanie_m] 08/5/2009 13:02

These are a great recovery share for 2010 at €18

[lbo] 07/5/2009 21:17

ISEQ plunges as CRH loses 7pc

[lbo] 06/5/2009 19:29

ISEQ down as CRH shares plummet

[stephanie_m] 06/5/2009 08:36

The AGM of CRH takes place in Dublin this morning.
CRH is a very well managed company and is well placed to take advantage of the recovery when it gets underway in the US and elsewhere.

[lbo] 06/5/2009 08:01

Weather to worsen CRH profits fall

[lbo] 06/5/2009 07:59

CRH Says First-Half Profit Decline to Exceed Its Forecasts

[krutt] 05/5/2009 10:20

Well it certainly didn't affect the share price negatively

[lbo] 03/5/2009 00:11

CRH, the Irish building materials company listed in Dublin and London, is likely to paint a bleak picture for the U.S. and European housing markets in its annual meeting statement on Wednesday.

[lbo] 23/4/2009 20:37

JP Morgan cuts CRH PLC to neutral from overweight

[lbo] 20/4/2009 21:42

Shares in CRH weighed on the index, falling by E1.16 each to E16.54 with brokers' analysts noting that new home sales figures in the US due to be released later this week was worrying some investors who had bought in to CRH on the hope that President Obama's stimulus for the construction industry and the road building sector would give CRH revenues a boost




A number of executives from CRH have been offered a benefits package that will keep them attached to the firm for up to a decade, it has emerged.

The Irish Independent reports that company chief Myles Lee is one of a number of employees who have been given a golden handcuffs deal - thought to be worth a total of €10 million

[lbo] 19/4/2009 22:40

Top 10 earners bagged €93m despite crashing share values

[lbo] 17/4/2009 00:30

The Iseq has been one of the worst performing stock exchanges in the world over the past two years

Shareholders take a double hit as firms slash dividend payouts

[djderry] 10/4/2009 22:55

Still basking in schadenfreude I see.

[lbo] 08/4/2009 21:54

Only if you think Anglo was a bank! LOL



The Irish Government's budget yesterday included a reduction of €576m in capital expenditure to €7.3bn for 2009. The largest reduction is to transport projects (€300m), such as national and local roads, with the balance to be taken from Environment, Heritage & Local Government and Education & Science. The budget also set out the capital allocation for public investment up to 2013 as follows - €6.6bn in 2010, €5.5bn in 2011, €6bn in 2012 and 2013. No details were provided yesterday on the specific
transport projects that are to be deferred or cancelled.
• CRH and Readymix have been key beneficiaries of the Irish Government's national roads programme in recent years. In 2008 CRH generated c.5% of Group revenues from Ireland and as such its diverse geographical spread of operations limits the impact of a reduced capital expenditure plan in Ireland. This is in contrast to Readymix which derives c.72% of Group revenues in Ireland resulting in a far greater exposure to the Irish Government's budget measures.

[djderry] 02/4/2009 20:49

So you think the 'Independent' is a newspaper,do you?

[lbo] 29/3/2009 23:08

So the Independent Newspaper was correct and CRH did indeed go ahead with a rights issue after wasting money on share buybacks and increased dividends!

CRH gambles to raise concrete capital

[krutt] 23/3/2009 09:53

Why is the chart wrong?