Crh Share Discussion Threads

[stephanie_m] 05/9/2013 22:13

JP Morgan have just increased their holding from 3% to 5.81%.CRH is a class company

[stephanie_m] 16/8/2013 20:18

800,000 late trade (from 15.05 hrs) reported. Look at the graph from 15.00 hrs onwards,

[stephanie_m] 01/7/2013 20:43

Irish Sunday Independent 30th June 2013 report takeover rumours for CRH.

[stephanie_m] 02/6/2013 20:57

Class company

[wipo1] 28/5/2013 14:46

hi volume today

[caveat_emptor] 21/5/2013 08:42

I notice LBO you have'nt published any of your poisonous
snippets from todays media reports about the Competition
Commission's investigation into price fixing in the uk
cement business....does'nt mention CRH tho'

https://www.adr.com/Markets/GlobalNewsStory?docID=1-DN20130521000940-36KPDB59C664HI51SV4M1AU4HU

[wexboy] 26/4/2013 04:41

2013 – The Great Irish Share Valuation Project (Part XI)

I take a look at CRH, plus a batch of other Irish stocks:



Cheers,

Wexboy

[audigger] 15/11/2012 22:44

Tricky to call right now. I rode the 1090 to 1290 spike long at end of august/early sept and am now looking to re-enter at 1090. I thought we'd see it today with a general market pull-back on the back of an unimpressive IMS, but not to be. Missed an opportunity last week when it hit 1094 which would have yielded a good 100 points. So will keep my powder dry until we hit 1090 again and then I'll be in long. Am a bit worried this time that it may go as low as 1000 but can't see it lower than that. Nice share to bet on!

[patrick9092] 13/11/2012 08:23

To many negatives in the IMS....falling revenues in the Americas joining the known falling revenues in Europe....I am in SHORT at 1130p. All my own views of course. DYOR.

[audigger] 10/9/2012 11:28

Looking like a good recovery play

[northernlass] 12/5/2012 07:55

Plans 49% Stake In Yatai

CRH : Set To Build On Yatai Cement Stake In China

Irish building materials group CRH PC (CRH.DB) said at its annual meeting Wednesday it planned to increase its stake in the Yatai cement business in China to 49% from 26% as part of a wider push into emerging markets, the Financial Times newspaper reported on its website.

Chief Executive Myles Lee said CRH was preparing to exercise an option, opening in January 2013, to raise the stake, the report said.

"We are setting the scene at the moment for that and we are keen to increase that stake. Obviously in everything valuation is key, so it has to be at a valuation that makes sense for our shareholders," the report quote Lee as saying.

Read the full story in the Financial Times here:



P.S.

Here's a couple of links about SCLP, one of the hottest stocks at the moment:

[northernlass] 12/5/2012 07:54

CRH's Giant €574m Windfall!

CRH Gets Windfall Of €574m As Portuguese Firm Buys Out Stake

Portuguese firm Semapa has agreed to pay CRH €574m for a stake the Irish group owns in a joint venture between the two companies.

A Paris-based international arbitration tribunal ruled last year that CRH had to sell its 49pc stake in Portuguese cement maker Secil.

CRH and Semapa had been at loggerheads since 2009, when Semapa claimed that it was entitled to exercise an option that would allow it to acquire the Irish firm's stake in the joint venture.

CRH paid €429m to Semapa in 2004 to buy a 49pc stake in Secil. That included the assumption of €100m in debt.

After the firms later bickered about entitlements, the matter was referred to the International Chamber of Commerce for a final resolution.

CRH had strongly believed its stance -- which rejected Semapa's claim it was entitled to fully acquire Secil -- would be vindicated.

Semapa confirmed yesterday that it will now buy the CRH stake by May 15.

While it appeared that CRH may have lost out, it has quite possibly had a lucky escape.

Economy

Portugal, which was bailed out last year, has been struggling to get back on track. While its unemployment rate is broadly similar to Ireland's, at 14pc, it lacks a broad industrial business base. Portugal's economy is expected to contract 3.3pc this year.

The amount being paid by Semapa represents a multiple of 11.5 times earnings in a sector where multiples are currently running at about 6.5 times earnings.

"This is a significant positive for CRH," said analyst Barry Dixon at Davy Stockbrokers.

"Not only does it remove a business that is struggling, but it further strengthens the company's balance sheet, giving it the firepower to invest in faster-growing businesses and economies." He added that the sale of the stake would have a "significant impact" on CRH's balance sheet.

Shares in CRH were trading 2pc higher by yesterday afternoon in London.

[northernlass] 12/5/2012 07:52

Sales To Grow In 2012

CRH Expects Similar First-Half Sales To 2011

BUILDING MATERIALS group CRH expects earnings in the first half of this year to be similar to 2011, following a slow start in its European businesses.

The group told shareholders at its agm yesterday that, by the end of April, sales were 2 per cent ahead of last year.

However, CRH said a slow start in its European businesses left earnings before interest, tax and write-offs – a measure of the cash flow the company generates – lagging 2011.

Against this background, and given normal weather conditions in the US over the next two months, when its materials operations gear up for their busiest time of year, the group expects earnings to be close to the €574 million returned in the first half of 2011.

"With incrementally more positive US economic data and construction prospects for 2012 mitigating a more cautious view on the outlook in Europe, we continue, subject to no major financial or energy market dislocations, to expect overall like-for-like sales growth in 2012," CRH said.

The group said that the exceptionally cold February hit trade in Europe. "This resulted in a like-for-like sale decline of approximately 6 per cent for January-February," its statement added.

CRH went on to say that the rate of decline slowed subsequently as the weather improved, leaving sales for the four months ended April 30th at 4 per cent behind 2011. By contrast, in the US, which is responsible for just over half its revenues, the group benefited from unusually mild weather in the early months of the year.

Aided by this, and improving economic activity in the US, where most of its American businesses are based, its operations delivered an 11 per cent increase in sales.

The group's sales are tied to construction activity in its markets, and that in turn can be affected by the weather.

The group spent €230 million on acquisitions in the first four months of the year, purchasing businesses in Germany, Nebraska and Texas.

Last year CRH switched its premier listing from Dublin to London. After yesterday's meeting, chief executive Myles Lee said that, as a result, the group had seen a 3-4 per cent increase in the number of index-tracking funds in its shareholder base.

Nick Hartery succeeded Kieran McGowan as chairman of the group at yesterday's meeting. Mr Hartery is a former vice-president at multinational Dell's Europe, Middle East and Africa operations. Before that he held senior positions at Eastman Kodak and Verbatim.

[stephanie_m] 28/2/2012 20:33

Price will soon recover.
One of the best FTSE companies

s

[miata] 28/2/2012 18:49

The Board is recommending a final dividend of 44c per share, in line with the final dividend for 2010. This gives a total dividend of 62.5c for the year, maintained at last year's level. It is proposed to pay the final dividend on 14 May 2012 to shareholders registered at the close of business on 9 March 2012.

S&P said the share price looked "stretched" relative to CRH's peers, given the absence of a significant sales recovery in its main markets of the US and Europe.
Shares in CRH, which moved its primary listing to London from Dublin last year to broaden its investor base, closed down 26p at £13.42.

[stephanie_m] 30/1/2012 21:35

I hold CRH shares and it is a class company.

s

[wexboy] 30/1/2012 17:25

Thanks, ColombiaOil.

BKIR: Amazing how many people finally get interested in buying...simply because/after it has gone up 35-40%!!

[colombiaoil] 25/1/2012 20:29

Thx WEXBOY.

CRH is a VERY SOLID COMPANY, with lots of cash to buy out distressed companies.

Would not waste your time writing about BOI. CEO Richie Boucher has some neck to be in the current position as he was part of the reckless outfit in a bank that brought Ireland to its knees

[wexboy] 20/1/2012 01:22

Hey folks,

This week I started The Great Irish Share Valuation Project on my value investing blog, where I plan to set a Fair Value Price Target for every listed Irish company. So far I've valued a dozen companies, including CRH:



I hope you'll take a look (if you've any feedback/questions, please don't hesitate to comment or email me), and/or become a regular reader.

Cheers,

Wexboy

[l2user] 05/1/2012 06:27

CRH on the look-out for small-scale deals
January 4, 2012 8:40 pm
By Arash Massoudi

[stephanie_m] 10/7/2011 21:35

Laughable if the state of the Irish Economy was in such a dire state. Thanks to the FF party and their banker mates, especially those gangsters at Anglo

[mountpleasant] 10/7/2011 17:16

NCB were telling clients back in 2007 that the CRH HQ at Belgard castle could be worth 1 Billion Euro if fully developed. Thats unbelievable, isnt it?