Polypipe Share Discussion Threads

[scooper72] 07/4/2021 15:04

Yep. Did a double take this morning. Thought I had been gifted some new shares...

[philanderer] 07/4/2021 14:28

Name change to Genuit Group today.. epic = GEN

[dope007] 18/3/2021 10:31

2 things

1) Raw material prices are rocketing so they must pass them on

2) This is great news for Polypipe

[philanderer] 16/3/2021 11:12

The company added it plans to change its name to Genuit Group PLC on April 6, "reflecting continued progression of the group, including the development of new product areas and the acquisition of a number of strong trading brands." It said however that Polypipe will remain one of its customer-facing brands.

[philanderer] 16/3/2021 11:10

The Directors recognise the importance of dividends to shareholders and, following careful consideration and with the Group performing ahead of expectations, a final dividend of 4.8 pence per share is being recommended for payment on 26 May 2021 to shareholders on the register at the close of business on 23 April 2021. The ex-dividend date will be 22 April 2021.

[philanderer] 09/3/2021 12:24

JEFFERIES RAISES POLYPIPE PRICE TARGET TO 731 (715) PENCE - 'BUY'

[philanderer] 15/2/2021 12:02

BERENBERG RAISES POLYPIPE PRICE TARGET TO 610 (540) PENCE - 'HOLD'

[philanderer] 12/2/2021 10:05

DEUTSCHE BANK RAISES POLYPIPE PRICE TARGET TO 653 (602) PENCE - 'BUY'

[martindjzz] 11/2/2021 14:09

Evidently the market loves the Adey transaction and the placing to finance it. PLP’s proposition to its customers is getting more and more compelling.

[philanderer] 11/2/2021 10:58

JEFFERIES RAISES POLYPIPE PRICE TARGET TO 715 (667) PENCE - 'BUY'

[philanderer] 03/2/2021 14:19

JEFFERIES RAISES POLYPIPE PRICE TARGET TO 667 (639) PENCE - 'BUY'

[masurenguy] 03/2/2021 01:21

Polypipe is wholly wedded to the travails of the construction industry, which blows hot and cold as an investment proposition. Stephen Rawlinson, a canny analyst of the sector, says that Polypipe is up there with Marshalls, the paving group, as best in class: “You cannot build or refurbish a property in the UK without products from these two companies. They are pre-eminent and have better distribution, product support and marketing than their rivals.” Shares in Polypipe have not recovered to their pre-pandemic levels. At 527p yesterday, up 13p or 2.5 per cent, the group is trading at 23 times this year’s projected earnings when pre-tax profits are expected to be £62 million. That is a chunky valuation, but reflects the esteem with which the stock is held.

[scooper72] 27/1/2021 14:24

Getting to that point where I need to decide to bail at break even and come back at a better price possibly around 400p or wait to see if 500p will hold.

[scooper72] 14/1/2021 13:02

Looks like you got that right.

[inthemix] 14/12/2020 18:12

40m profit for a 1.1 billion pound company isn't too good, I expect a fall back.

[martindjzz] 17/11/2020 11:46

This is a very quiet board! Anyway, PLP seems to have managed the business well this year. Furthermore in the Capital Markets presentation that finished just now they offered a very attractive vision of the future based on some powerful drivers of structural growth. Having been in since mid 2015 I have increased my holding by 20%.

[philanderer] 13/8/2020 13:56

I'm out for now. Luck to holders.

[philanderer] 12/8/2020 17:37

UK housebuilders are enjoying a positive day, with a sharp surge in construction activity helping improve sentiment," Joshua Mahony, senior market analyst at IG, commented.

Barratt Development, Persimmon, Taylor Wimpey advanced 3.4%, 3.3% and 3,2%, respectively.

Alliance News

[philanderer] 06/8/2020 14:11

Construction PMI: New work 'still relatively thin on the ground'

Tim Moore, economics director at IHS Markit, says:

Construction companies took another stride along the path to recovery in July as a rebound in house building helped to deliver the strongest overall growth across the sector for nearly five years. Civil engineering and commercial activity are also back in expansion, which has been mainly due to the restart of work that had been delayed during the second quarter of 2020.

Survey respondents noted a boost to sales from easing lockdown measures across the UK economy and reduced anxiety about starting new projects. However, new work was still relatively thin on the ground, especially outside of residential work, with order book growth much weaker than the rebound in construction output volumes.

Concerns about the pipeline of new work across the construction sector and intense pressure on margins go a long way to explain the sharp and accelerated fall in employment numbers reported during July. This shortfall of demand was mirrored by the fastest rise in sub-contractor availability since November 2010 and another decline in hourly rates charged.

[philanderer] 04/8/2020 14:30

Bang on support, 375p next then down to 315p looking at the chart :-S

[philanderer] 29/7/2020 09:28

Oh dear, TW.

[philanderer] 29/7/2020 09:26

29th july Deutsche buy tp 484p cut from 550p

[philanderer] 28/7/2020 14:56

In equity markets, housebuilders rallied, with Barratt, Berkeley, Persimmon and Taylor Wimpey all higher on the back of a report that UK ministers are drawing up plans to extend the Help to Buy scheme beyond its December deadline to prevent buyers losing out because of coronavirus delays. According to The Times, the government is set to prolong the scheme, which allows people in England to buy a new-build property with only a small deposit.

ADVFN market report

[philanderer] 27/7/2020 12:22

That 400p looks as though it's going to be tested again shortly.