Share Name Share Symbol Market Type Share ISIN Share Description
Crh Plc LSE:CRH London Ordinary Share IE0001827041 ORD EUR 0.32
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -59.00 -1.93% 2,995.00 3,007.00 3,009.00 3,057.00 2,962.00 3,057.00 542,947 16:35:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 21,265.1 1,789.8 203.7 13.7 23,505

Crh Share Discussion Threads

Showing 226 to 248 of 350 messages
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19:53 CRH extended losses after several rivals reported declines in profit earlier in the week.
19:43 Brokers analysts noted that the US architectural billings index, a lead indicator of future non-residential construction activity, improved marginally in December to 43.4 from 42.8 in November. A reading above 50 indicates an increase in billings. The index provides an approximate 9- to 12-month glimpse into future construction activity in the sector in the US. CRH is a large supplier of construction materials to the US non-residential construction sector primarily through its products and distribution divisions. Davy estimates that the segment will contribute about 16pc of group profit in 2010. CRH's shares fell 24c to E17.95
At its current share price of€17, CRH is capitalised at a hefty €12bn, despite the fact that Myles Lee has advised on a likely pre-tax profit figure which, when converted, will work out at under 70 cent per share. That would put the shares on a 2009 prospective p/e multiple of a whopping 25.
Moody's queries CRH rating over weak capital and tough outlook
21:54 Shares in CRH fell by 9c to E17.61. Figures released by ARTBA (American Road Transportation Builders Association) show that US contract awards for highways/bridges increased by 15pc in October (+20pc highways / 3pc bridges). "This is a positive surprise as a series of strong months (+17pc May, +34pc June, +10pc July and +19pc August; reflecting the impact of the stimulus package), was followed by a relatively weak September, at just +1pc. Given the latter, we were a bit concerned that, as in the past, the failure of having a new multi-year highways programme in place was going to adversely impact highway construction activity," said Goodbody's.
CRH share price falls 2.5% after warning on profits
djderry...hope your keeping well. Yes CRH ready for serious take-0ff once the next cycle starts. take care
The global economy is still weak.Growth,when it comes,will probably be sluggish.As it improves,so will CRH's results.
CRH warns profits fall will exceed 50pc
CRH; Uncertainty over federal highway funding to continue Recommendation; Reduce Closing Price: €16.65
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.
Will stand to benefit greatly from upturn in US and road/bridge reconstruction. s
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 $8,000 home buyer tax credit on November 30 has been cited as the reason for the weakness. In terms of CRH, we estimate that just under a quarter of its EBITDA in the US is generated from the residential sector.
17:35 CRH, which derives roughly 50 per cent of group profit from its US construction operations," said Davy analyst Robert Gardiner
CRH bides time
CRH Sell 23-Sep-09 € 2,337,523.29 Mark S Towe 1 21,746 @ € 19.20
11:28 Over the last couple of months we have argued that it is hard to see growth returning for CRH until 2011. This is based on the following: (i) CRH's relatively large exposure to the late cycle non-residential sector in the US (40% of regional EBITDA); (ii) It's more cyclical orientation in Europe (only 11% of EBITDA is infrastructure) and the fact that acquisitions are unlikely to play a major role over the next 12 months as EBITDA interest cover is already close to comfort levels (i.e. 6x). A return to growth will also be impacted by the weak US$ (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.
djderry..yes addition to the djstoxx 50 has helped to some extent..
Moving ahead strongly now,probably in response to being added to the Eur0 Stoxx index.
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.
AIB: Pound, dollar fall to hurt exports
"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.
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.
bongo bwana
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