||EPS - Basic
||Market Cap (m)
Polypipe Share Discussion Threads
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|Telegraph market report:
The UK’s largest manufacturer of plastic pipes Polypipe also reaped the benefits of a rating upgrade. Shares rose 6.2p to 309.7p after Jefferies lifted its rating to “buy” citing growing new-build and infrastructure markets.
|chart wise 300 support 325 resistance|
|That Jefferies note...
Among the mid-caps, Polypipe has added 4% to 315.9p after Jefferies issued a buy note with a 350p price target. It said:
Polypipe trades at around 11 times calendar 2017 PE, with earnings per share set to grow 9% in 2017 and 5% in 2018. Volumes should be solid, supported by growing new-build and infrastructure markets, while the natural substitution of plastic pipes should help offset slower RMI [repair, maintenance and improvement] markets. A rising oil price will increase polymer costs, but history suggests this can be passed on to customers.
|Thanks for that upgrade news SoundBuy :-)|
|What would a chartist make of a break above 325p, looks clear sky to 350p?|
|Good to see that upgrade. More to follow I hope.|
|Polypipe Group Plc PLP Jefferies International
Buy 303.50 303.50 Old PT: 240.00p New PT:350.00p Upgrades|
|thanks everone who has responded/|
|Thanks for that.. not sure I fully understand it all. Is it pos+|
|OK guys here's the works (ignore the actual figures)
What really happens at 4.30 when the market closes is the "closing auction" ( if there are any potential trades left on the book), anyone at this point with Direct Market Access including joe public can enter their bids/offers for the stock, from here lets call them buys and sells, its easier.
What the SETS system is trying to do is give the official closing MID price for the days trading.
The participants have 5 minutes to enter what price they will pay for or be prepared to sell their stock for at this point, no-one is trading here, just entering. Furthermore, their entries have to be within 5% of the last AT trade of the day. The last AT trade was at 16.5p, so the range for the entries of proposed buys and sells must fall between 15.675 - 17.325p.
After 5 mins and all the entries are in, the SETS computer swings into action, and what it does is calculate from the entries the HIGHEST VOLUME trades that can be made, the MOST shares it can UNCROSS from one side of the book to the other. It is literally "matching" any trade that will trade at the prices on the book, if you see what I mean? This little excesise takes up to 30 secs above the 5 min auction.
The resultant figure becomes the UT ( uncrossing Trade) for the day and the official days closing MID price...which in our example .. 16.35.14..... 1750000 @ 17p....UT.
So the UT you see every evening at something like 16.35.+30secs is NOT a BUY, is NOT a SELL.. but half and half, it is a Volume figure. It is recorded as a buy or sell like all trades are: a guess based on which side of the "last mid" it is.
The 17p official closing price is then taken forward to the OPENING auction at 7.50am the next day where the city johnnies do the whole auction thing again until the 8.00am open.
Hope this helps and then you wont have to jump up and down after close from here on in.|
|An unknown trade?Strange goings on indeed!|
|Uncrossing trade where MMs balance the books. I guess sheer size of the trade moved the share price|
|what is a ut?|
|That big trade was a UT|
|very large trade in closing auction.!|
|standard life sold down 110000 explains big drop from306.|
|Profit taking?...after the recent rise...|
|anyone know the reason for the sudden drop today on not much volume,|
|looking at the chart its at resistance level lets see if it can break through it|
|Closed at 300.60p up 5.4% on the day. Impressive finish.|
|pretty encouraging and hopefully a boost from Hammond next week|
|well the ceo must think so as he spent over 200 k buying shares a couple of months ago|
|Hopefully in next weeks autumn statement Hammond will signal increased infrastructure /housing spending that'll help|
|SIG gave the market a profit warning last week and the likes of Travis Perkins have not been encouraging.
I'm holding some PLP and would be happy with a 'meeting expectations'.|
|Any views as to if tu will be pos+?|