British Polythene Share Discussion Threads

[stevemarkus] 07/9/2015 10:23

Tipped by the Investors Chronicle. Don't get too excited :-)

Cheers,
Steve.

[terrys trousers] 07/9/2015 10:20

Helo helo helo, what going on here then, why the big increase in volume and the gap up today.

[nehpets81] 04/9/2015 14:44

The prices do seemed to have weakened somewhat in August and I was just about to buy in here but have been spooked by the European MD selling £175K of shares

[ygor706] 28/8/2015 08:16

Solid interims but the anticipated fall in raw material prices has not yet arrived for a variety of reasons. Am still expecting it to feed through as the year progresses. Good increase in the dividend and probably more to go for at these levels.

[napoleon 14th] 12/5/2015 18:46

12 month break-out (just started?)
I keep saying this; Just hold.
I'll get out one day, but not yet by any measure.

[melsshares12] 17/4/2015 15:15

Sold them. I checked all the details and current polymer prices, and its baling out time. Mind you long time loyal, for a healthy gain.

[meijiman] 17/4/2015 09:14

you might see this as good news. They will be able to pass through I think, so no major hit on gross margins. Stick with it in my view -very cheap share with good market position.

[melsshares12] 17/4/2015 08:51

I've been sitting comfortably with these shares for a good while now. Falling oil prices, euro decline, polymer prices dropped accordingly, and add an improving marketplace...all looks good. Until yesterday when I read the following:

The plastic polymer markets are in some turmoil, in particular the LDPE polythene market. Several of the major players have plants shut down having declared force majeure, including Sabic, Borealis, Ineos and Lyon Bassell.
The supply is so tight that there will be shortages in the market and as a result prices are rocketing. In the past 5 weeks basic LDPE has risen from £880 to £1075 per tonne, over 20% and with more to come.

Worrying indeed when this company relies on basic plastic polymers as their raw material.

I was waiting for new Iranian oil to lower the oil price further, but guess its time to sell.

[woodcutter] 08/4/2015 17:53

i never bought RNO for exactly that reason. Once the new CEO got to grips with it all and i looked back it was too late. plenty more fish as they say.

A vague head and shoulders forming now too.

been buying heavy in HTY on the recent drop looks interesting

WC

[meijiman] 08/4/2015 15:29

Yup that's definitely on the debit side of things. Used to put me off Renold. I bt some of those at 20p but sold out way too soon.

[woodcutter] 08/4/2015 15:01

mman as you suggest it may have quite a bit to go for the patient investor, the long term trend is still intact. However there's quite a significant pension liability too and with yields remaining low then i can see additional contributions continuing to be made for some time into the future......maybe!

aimho woody

[meijiman] 08/4/2015 10:49

Your analysis is perfectly correct -they will have to pass some or all of the gain through. Nontheless, there are alot of moving parts, and the bottom line here is that the shares are pretty cheap in terms of the forecasts -which could be raised.This share is off the radar and newsflow is scanty, so its more of a patient longer term story.

[woodcutter] 07/4/2015 17:04

sold my holding over the last couple of sessions, for a small profit, on the back of the recent directors selling. Initially it looked like selling around the end of tax year but i wasn't happy about the director sales on 2nd April and the after hours rns so sold the remainder of my holding today.

I bought quite a holding on the back of the oil price drop and the likely improvements in US sales. However i had second thoughts after considering the nature of the contracts where selling prices are tied to raw material costs, particularly as there's no cost of sales nor admin costs defined in the P&L.

It just gave me an uneasy feeling not being able to estimate the likely fundamentals outcome. If raw material costs have come down comensurate with POO and this has to be passed onto the clients then depending on the scale of the fixed costs, or operational gearing, then there could be a disadvantage in the oil price drop.

like the chart trend but uncertainty was too strong.

woody

[meijiman] 03/4/2015 21:33

I'm back in. These will re-rate as the upgrades come through. Still very good value on the present forecasts mind...........

[napoleon 14th] 03/4/2015 19:44

Decent uptrend.
Just hold......

[ygor706] 05/3/2015 16:20

Brokers still haven't updated their forecasts which are showing ludicrously low increases in eps for 2015. Still think this one has more steam in it.

[meijiman] 02/3/2015 09:20

Have to agree. I'm a bit annoyed at having sold but the share price seemed to do nothing in response the raw materials benefit.

[woodcutter] 02/3/2015 08:55

Decent results and forward looking statement so added a few more this morning. They're obviously tied into raw material price moves with their clients contracts but i'd expect them to be able to have some flexibility and get some benefit from raw material price reductions and the enhanced USA production facilities.

Chart breakout now looking significant too.

woody

[meijiman] 10/2/2015 15:59

Interesting -I bt into these early on the oil price. Thought the shares would rally but they did little -got bored and exited with a small profit. These really should be over 700p. May re-enter.Its not necessarily a win-win as much depends on the terms of the contracts so they may have to pass through.Bur lower price of feedstock more or a less a positive.

[royaloak] 10/2/2015 15:09

For several weeks there seemed a big seller at well under official sell price, things appeared to change towards the end of last week so I made my first purchases, optimistic on this one and hoping to hold for long term.

[woodcutter] 10/2/2015 13:26

i've added again recently as i feel we'll get an earnings surprise based on the raw material cost reductions.

i'd like to see a firm breakout above 680p now before adding further.

the ascending triangle is now looking quite compelling.

woody

[ygor706] 26/1/2015 13:23

Topped up this morning. Naptha prices have plunged over the past 12 months which should push earnings sharply better. Certainly worth holding in the run up to the results in my view.

[woodcutter] 19/1/2015 16:55

Added to my holding today. A number of indicators forming decent trend support.
stochastic oversold
ROC and RSI trend support
MACD trending
inverted hammer suggests reversal off trendline.


free stock charts from uk.advfn.com


woody

[woodcutter] 08/1/2015 14:56

had a nibble on the pull back, with raw material costs falling and probably a decent energy user too, poo falling should add to eps figures.

aimho

woody

had some RPC as well.