Crh Share Discussion Threads

[smcni1968] 25/3/2021 19:40

Amazed by the lack of interest

[smcni1968] 08/3/2021 21:26

Moving at last. Hopefully an infrastructure bill coming in the US!

[mike24] 18/12/2020 21:49

don't agree with building of HS2,the final cost will be well over £100 bl present trains running on london/midland lines nearly empty, outside rush hr, and will never recover for many yrs, yet present network costs £9bl yr, for basic upkeep but the gravel extractions will be big business,in turn respect for ancient woodland, such as Hopwas Woods should be saved, as an area of outstanding beauty, and not such a big site overall, being partly owned by the military for training nai edit 9/4 chart looking good

[andrewbaker] 09/12/2020 12:26

Yep: still an ignored stock, even though it's in the business of building materials and infrastructure, both of which will do well as the recessions around the world cause more of both to be well frequented by so many - including governments - in attempts to get things going well again. If it drops back any more, I'm likely to buy more.

[cheshire pete] 15/7/2020 19:27

Have recently bought these with prospects for infrastructure. Prefer building materials to cut throat world of contracting as they are early beneficiaries of construction process. Surprised at the dearth of comments on this board given that CRH are about 20th in FTSE 100 by Market Cap.

[andrewbaker] 10/6/2020 12:41

Given covid-19 problems, this looks like a very good recovery play that will benefit from post-Coronavirus stimulus (and not a lot will know this, as this thread isn't much read, lol).

[smcni1968] 01/6/2020 18:06

should be selling quite a few shop windows in America!

[smcni1968] 01/11/2019 10:48

debt reduction and the ongoing buyback I believe, with some small acquisitions. the company has a big cost cutting program which should increase margins by 3% if they follow through successfully

[wet your knot] 01/11/2019 07:50

A lot of RNS's to wade through with the buyback. Does anyone know off the top what the plan was for the proceed's from the sale of Europe distribution business? I've had these for a while and I'm in a small profit and some divi's thrown in along the way. Wondering if the plans are for a return of cash to holders, investment in growth, debt reduction, BOD's Xmas party etc.?

[andrewbaker] 30/9/2019 15:54

Buying more now.

[smcni1968] 26/7/2019 19:24

A very inactive chat room. If anyone reads this post can you give it a like or dislike?

[smcni1968] 06/2/2019 09:27

Quiet board

[danieldanj] 01/10/2018 11:12

CRH News Out Just Now http://crweworld.com/article/news-provided-by-accesswire/820219/crh-announces-non-executive-board-appointments-

[smcni1968] 01/6/2018 03:52

The sleeping giant awakens

[3rd eye] 26/4/2018 10:14

CRH........CRH PLC trading update yesterday bullish on second half. https://www.investegate.co.uk/crh-plc--crh-/rns/trading-update---april-2018/201804250700110051M/ Good write up here......... One Footsie dividend growth stock I’d buy and one I’d sell today Rupert Hargreaves | Wednesday, 25th April, 2018 Building materials company CRH (LSE: CRH) might not look like a traditional income stock at first glance, but current City forecasts suggest this business is going to grow into one over the next few years. Indeed according to City figures, over the next two years CRH’s dividend payout to investors is expected to grow by around 10% to €0.75 per share by 2019. But to me, this looks like a conservative forecast given CRH’s management has always prioritised investor returns. For example, the firm announced today a €1bn share buyback to return additional capital, even though trading during the first quarter has been mixed. Thanks to “prolonged winter weather conditions and the timing of Easter holidays” first quarter like-for-like sales declined 2%. Group earnings before interest tax depreciation and amortisation (EBITDA) are expected to be in line with last year’s print. Nevertheless, after this minor setback, management is expecting EBITDA to be ahead of last year in the second half “in the absence of any major market dislocations,” according to its trading update issued today for the three months ended 31 March. Improving the portfolio CRH’s management is always on the lookout for ways to improve performance. Thanks to these efforts, earnings per share have more than doubled over the past six years. And it doesn’t look as if the enterprise is going to slow down anytime soon. During the first quarter, the company spent €150m on six bolt-on acquisitions and is planning €1.5bn-€2bn for further portfolio divestments over the “medium term” as the group tries to streamline its portfolio and improve overall returns. While some of this divestment cash will be returned to investors, I believe some will also be invested in new growth opportunities. Analysts have pencilled in earnings per share growth of 24% of 2018, followed by 15% for 2019. Based on these estimates, the shares are trading at a 2019 P/E of 12.6, which looks to me to be too cheap considering CRH’s historical growth and income potential. The shares currently support a dividend yield of 2.6%. ============================================================================= I agree with the tipster the stock looks very cheap given EPS growth going forward. Analysts have pencilled in earnings per share growth of 24% of 2018, followed by 15% for 2019 Never mind an income stock those figures equate to a ZULU stock under the late Jim Slaters formula.

[djderry] 21/9/2017 17:54

Ash Grove seems a good strategic fit.

[philanderer] 17/11/2016 15:17

CRH sales climb as building group enjoys a 'Trump bounce' HTTP://www.telegraph.co.uk/business/2016/11/17/crh-sales-climb-as-building-group-enjoys-a-trump-bounce/

[wexboy] 02/6/2016 16:49

2016 – The Great Irish Share Valuation Project (Part II): Company: CRH (CRH:ID) Last TGISVP Post: Here Market Cap: EUR 22,579 M Price: EUR 27.40 When Albert Manifold kicked off as CEO, it certainly looked like he was planning to right-size a rather stretched balance sheet (I even wondered whether he’d launch a rights issue). But it’s always hugely tempting for a new CEO (esp. the CEO of an Irish corporate icon like CRH), to make his mark as an empire-builder, so that resolve didn’t last long… Despite announcing a €1.5-2.0 billion multi-year disposal programme in late-2014, 2015 proved to be the year for mega-acquisitions – totaling almost €8 billion, primarily the Lafarge-Holcim & C.R. Laurence Co acquisitions. [OK, Manifold did a placing in the end, but only to fund about 25% of the LH deal]. While underlying organic growth’s now progressing at a very healthy clip (primarily driven by renewed US momentum), we haven’t reached a point where it’s easy to determine an appropriate P/E multiple – therefore, we’ll use a similar approach to my previous write-up. Noting CRH’s two big acquisitions closed in H2-2015, first we need to calculate a post-acquisition revenue run-rate: LH revenue’s €5.1 billion & the deal closed end-July, so that’s a €3.0 billion revenue bump for FY-2016. And CRL revenue’s $570 million & it closed end-Aug – an additional $380 million revenue bump. CRH’s FY-2015 EBIT margin was 5.6%, which compares to a peak 9.9% margin (back in 2007) – so relying on the company’s actual Op FCF margin (of 8.3%) seems appropriate here for valuation purposes & deserves a 0.75 P/S multiple. [Which seems fair for the incremental acquisition revenue also – LH & CRL earn much higher EBITDA margins than CRH, but since CRH’s Op FCF margin’s about 50% higher than its EBIT margin, it seems unwise to specifically adjust margin higher for these acquisitions]. And looking at average FY-2015 debt levels vs. year-end debt of €9.2 billion vs. underlying net interest costs, I estimate FY-2016 net interest cost will be around €366 million (vs. a prior €295 million), which is just over 16% of Op FCF – so a debt adjustment no longer seems necessary, bearing in mind CRH also has €2.5 billion cash on hand (also provides cover for a €0.6 billion pension deficit). [OK, props to Manifold…he217;s bloody well cashing his way out of a stretched balance sheet!]: (EUR 23.6 B Rev + 3.0 B LH + $0.4 B CRL / 1.1115 EUR/USD) * 0.75 P/S / 824 M Shares = EUR 24.53 CRH looks marginally over-valued at this point. But noting the underlying momentum of its US business, and likely cost savings to come from its two major acquisitions, we should hopefully see it grow into its current market cap over the next year. But investors should also be mindful of potential integration and/or (renewed) economic risks here, which could prove challenging for a company that’s relatively leveraged at this point. Price Target: EUR 24.53 Upside/(Downside): (10)% — For related links/graphs/files, and more TGISVP analyses/price targets: Google the Wexboy investment blog.

[tolga1] 18/6/2015 20:11

Very quiet over here. 18.00 seem to be a very strong support,a very strong rebound today, I hope now rise between 10-20% Let see

[tolga1] 03/6/2015 16:01

Good move today, the only way is up

[ch4p_85] 14/3/2015 22:42

Can't believe they sold UK clay products like Ibstock in UK. A fine company that I know well personally. It will go from strength to strength. I appreciate it is only a small fish in a large ocean to them however of which currently does not have the RONA of its other companies.