Crh Share Discussion Threads

[djderry] 12/8/2008 19:27

As a shareholder in Grafton also,I might be compromised!

[sleepy] 11/8/2008 22:20

djderry - please feel free to forward your list to [e-mail]

[liarspoker] 08/8/2008 09:02

Things are tight in the building merchant/DIY market place. Gone are the days of 30 or 60 days supplier payments. Now suppliers get paid once the supplied product is sold even if that means receiving half of the money owed after say 120 days.

CRH have put a brake on capex/aquisitions atm, not a total brake mind you but there certainly will be less activity. As you say though if they price is right and the glove fits........

[djderry] 05/8/2008 22:15

In the midst of the downturn I would expect the acquisitions team to be going into overdrive.They came near doing a couple of big deals (ie the Cemex assets/Tarmac) but walked away on price.I remember the CEO once upon a time saying that the best deals he had done in a particular year were those that he didn't do! (The uninitiated may need to read that twice!).Well,asset prices have fallen quite a bit.Whilst not a member of the acquisitions team,I have a list of a raft of buildings materials companies/DIY groups selling at below NAV.Of course,CRH like to do friendly deals,keeping management in place.For a small fee,I might be prepared to give advice!

[djderry] 02/7/2008 19:07

wow,that's a four year low.

[liarspoker] 02/7/2008 10:58

Just got a few more. :O)

[avonmore] 30/6/2008 17:10

no not EH! some one else

[avonmore] 26/6/2008 20:03

Hybrasil (94) from what I know of of you " a simple man" does not fit!

Lairspoker (98) your comments deduction (discounting) NAV are prudent - There have been attempts in various articles etc over past 9 months to put limits on this down turn. The "institutionalised loan sharking" (to coin a recent commentators phrase) in the hope that banks globally could generate revenue from fees irrespective of credit risk appears to have created a vast GLOBAL body of naive asset holders who have no way out and have become the "Paddy Last" in this irresponsible global pass the parcel game. T

The Detox period will not be a quick fix IMO. I think we are only in the Denial Phase. Wait till people start to get angry - Only when consumers / businesses / investors enter the acceptance phase will it be safe to re-evaluate NAV's and then look at the business models and revenue streams going forward. Don't forget also that the ENERGY / OIL / ASIA factors will also slow the emergence of revised and robust businesses . This is a perfect storm with lots of determinants which needed to happen and which we will all survive and emerge from with different values and expectations and maybe a bit of wisdom in how investors / bankers / businesses deal going forward.

Maybe I am the naive one. But my aspiration is to hold onto liquidity and try to be sure the storm is abating and be a "paddy first" in getting my hands on a good company like CHR at a bargain price with as much NAV and DIVI upside as posssible.

PS don't tell LBO of this thread or we will be subject to death by a 1000 cuts and pastes!!!!

[liarspoker] 26/6/2008 09:48

Yes, I have researched Grafton but I prefer CRH to Grafton. CRH has the same exposure regarding DIY etc but has the benefit of more government contract work. I am keeping a close eye on Grafton though.

Regarding NAV - I am now making large deductions in NAV for most companies as working capital & assets decrease and liabilities increase.

[djderry] 22/6/2008 19:39

Speaking of DIYs,I'm also a holder of Grafton and also added.They're selling for their NAV!

[liarspoker] 22/6/2008 08:58

I added a few more in the 1800's.

Don't know how low it will go hybrasil but it's a great cash generator so am happy to keep adding the lower it falls. Obviously the residential sector and the DIY stores will be adversely affected but only in the short/medium term imo.

T/S on July 2 so we'll find out how trading is going then I suppose.

[djderry] 19/6/2008 22:32

Don't be hard on yourself,you'll learn as you go along.Added more today.

[hybrasil] 18/6/2008 23:02

I am a simple man

[djderry] 18/6/2008 19:03

It's a simple mistake to make:mixing up the company's performance with the share price performance.

[hybrasil] 17/6/2008 09:01

how low will it go liars.

[djderry] 05/6/2008 20:27

Welcome aboard,Liarspoker!

[liarspoker] 04/6/2008 22:42

I was in the market for my first batch of these today.

Will add more the lower it drops. :O)

[losos] 08/5/2008 16:32

ADVFN are showing the 'yield' at 218.03% today !!!!!

These silly numbers do appear on the 'financial' screen sometimes, is it just finger trouble ???

[krutt] 01/5/2008 16:57

irvbox,
You might get more discussion here if CRH was in the header.
Anyway IMo good time to buy providing you can holf for med / long term.

[bedlamsbottom] 15/3/2008 07:24

invitation has been issued.....be interesting to see if they keep buying their own shares after this month, as the issue price has been set, and now no longer needs 'propping up'!

[bedlamsbottom] 07/3/2008 06:59

Expecting the new SAYE invitation in the next few days, the price normally dips just after that!

[djderry] 04/3/2008 22:46

Great final results,PBT up 19%,EPS up 17% and dividend up 31%. 15 years of consecutive growth!!

[bedlamsbottom] 18/2/2008 15:56

Oh for sure dj..., I sold some of these @ 38euros last July, and without a doubt they will see that again. Their business is very diverse in the companys that make up CRH, and still more additions being made.