Crh Share Discussion Threads

[lbo] 11/11/2009 23:40

CRH share price falls 2.5% after warning on profits

[lochgarman] 10/11/2009 22:30

djderry...hope your keeping well. Yes CRH ready for serious take-0ff once the next cycle starts.

take care

[djderry] 10/11/2009 14:22

The global economy is still weak.Growth,when it comes,will probably be sluggish.As it improves,so will CRH's results.

[lbo] 10/11/2009 09:59

CRH warns profits fall will exceed 50pc

[lbo] 02/11/2009 15:49

CRH; Uncertainty over federal highway funding to continue



Recommendation; Reduce
Closing Price: €16.65

[lbo] 02/11/2009 15:46

CRH is to introduce rolling stoppages at its Irish cement plants in a bid to lower inventory levels, according to the weekend press. The Group's Irish Cement business has plants at Castlemungret, Co. Limerick and at Platin, Co. Meath which together have a current installed
capacity of close to 4 million tonnes. The move to implement rolling stoppages follows a once off stoppage over the summer months. Supply to the end market will be unaffected by the rolling stoppages.
• Ireland's three largest cement producers - CRH, Quinn Cement and Lagan Cement - have a combined annual capacity of circa 5.7 million tonnes of cement which compares to an estimated peak consumption of 4.8 million tonnes in 2007. CRH reported that demand in Ireland for the six months to 30 June 2009 was at approximately half the level seen in the
same period a year earlier.
• CRH generated 4.3% of total revenues from Ireland in H1 2009 and took €60m in
restructuring charges relating to the Irish business before arriving at an operating loss of €8m for the first half. Given the weak outlook for demand in Ireland and the high level of capacity it is expected that the Irish cement market will remain challenging through 2010.

[stephanie_m] 01/11/2009 08:05

Will stand to benefit greatly from upturn in US and road/bridge reconstruction.

s

[lbo] 20/10/2009 22:21

The NAHB/Wells Fargo US housebuilder sentiment index released yesterday, recorded the first drop in all three components of the index since November 2008. The headline figure dropped one point to 18. The current sales conditions component fell one point to 17, while the components gauging sales expectations and traffic of perspective buyers fell two and three
points, respectively. The expiration of an $8,000 home buyer tax credit on November 30 has been cited as the reason for the weakness. In terms of CRH, we estimate that just under a quarter of its EBITDA in the US is generated from the residential sector.

[lbo] 19/10/2009 17:35

CRH, which derives roughly 50 per cent of group profit from its US construction operations," said Davy analyst Robert Gardiner

[lbo] 05/10/2009 09:44

CRH bides time

[lbo] 25/9/2009 16:22

CRH Sell
23-Sep-09
€ 2,337,523.29
Mark S Towe 1
21,746 @ € 19.20

[lbo] 21/9/2009 11:28

Over the last couple of months we have argued that it is hard to see growth returning for CRH until 2011. This is based on the following: (i) CRH's relatively large exposure to the late cycle non-residential sector in the US (40% of regional EBITDA); (ii) It's more cyclical orientation in Europe (only 11% of EBITDA is infrastructure) and the fact that acquisitions are unlikely to play a major role over the next 12 months as EBITDA interest cover is already close to comfort levels (i.e. 6x). A return to growth will also be impacted by the weak US$ (note there is a strong correlation between the US $ and the relative performance of CRH's share price versus the European building materials sector). Based on these fundamentals we derived a price target of 1800c, which used historical peak PE multiples on trough earnings, mid-cycle earnings in 2014 and a DCF (WACC of 8% and TV of 2%). If we push these metrics to a historical PE peak multiple of 25x (not 20x), mid-cycle earnings is achieved a year earlier and a TV growth rate of 3% is used in the DCF, a fair value of circa 2170c is derived. This represents only 5% upside from current levels. Therefore, we reiterate our view that at current levels CRH does not offer an attractive risk-reward for investors.

[lochgarman] 20/9/2009 15:44

djderry..yes addition to the djstoxx 50 has helped to some extent..

[djderry] 16/9/2009 19:43

Moving ahead strongly now,probably in response to being added to the Eur0 Stoxx index.

[lbo] 16/9/2009 08:37

Euro rises above 89p against sterling

Wednesday, 16th September 2009 07.41am


The euro has hit a 2009 high against the dollar in overnight trade, as the US currency extended its losses.

[lbo] 15/9/2009 21:36

AIB: Pound, dollar fall to hurt exports

[lbo] 10/9/2009 13:24

"Its also a decent play on the "emerging" market that is the ISEQ"


Not really! Its has huge risk to the Dollar and if you wanted to exposure to Ireland then its not a "decent play" as in theory if the Irish companies recovered they will push the ISEQ up and a company like CRH which is more a non Irish play will be reduced in its 33% ISEQ weighting! Remember the Dollar index is falling as Equities rally so if you believe the rally continues then the Dollar constinues to fall.



Some say 1.60 Euro dollar is possible meaning another 10% decline in the dollar and would wipe a lot of the possible economy recovery and possible eps upside that is pushing CRH higher.

[bongo bwana] 08/9/2009 19:30

LBO,

Always appreciate your work here and elsewhere.

One should balance that contribution with a statement that its reasonable to expect positive growth prospects in the US and the EU, now that the first signs of recovery force their way into economists and investors conciousness. Even some analysts seem to agree.

Nice technical situation here too, for the moment.

If consolodation began to occur in this sector like its has in the mining and food sectors then CRH, with its wonderful balanced portfolio of businesses across the planet, would have to be an attractive acquisition. Its also a decent play on the "emerging" market that is the ISEQ.

[lbo] 08/9/2009 19:06

The weak dollar is not a positive



Dublin-headquartered CRH, the largest building materials group in the United States, tops the list of big European companies in respect of dollar exposure with US sales accounting for 49% of total revenues, ahead of Europe's biggest drugmaker GlaxoSmithKline which is at 45.4% and DaimlerChrysler at 44.7%

[bongo bwana] 04/9/2009 15:32

For anyone looking for guidance - the inclusion of CRH in the Euro Stoxx index will result in the purchase of 20million shares within the next month.

I think that will have a SIGNIFICANT impact on the share price

[djderry] 03/9/2009 23:00

I don't read or pay much attention to tabloids.'Plunged 3.09%' is typical.Try and ignore short term noise like this or you'll never make money in stocks.'Perhaps the biggest surprise..'No,not really.Just being prudent.

[lbo] 03/9/2009 12:47

The Iseq's biggest company, building materials group, CRH , plunged 3.09 per cent on the back of general weakness amongst its peers, ending the day 54 cent down at €16.96, after hitting lows of €16.80 in earlier trade.

CRH accounts for around one third of the index, so any movement in the share price has proportionate impact on the overall market. About 2.5 million of its shares changed hands yesterday.


The Good, the Bad, and the Ugly on dividends



Perhaps the biggest surprise came from CRH which traditionally pays a hefty dividend but which warned in August that it will only decide on any full-year payout in March after taking into account the economic and trading outlook.

[lbo] 27/8/2009 13:56

CRH falls after UBS, Goodbody cut ratings amid falling demand

[lochgarman] 25/8/2009 17:32

Hi djderry.....results ok...

company is financially set very very well.

onwards and upwards!