Crh Share Discussion Threads

[djderry] 07/7/2009 20:00

You'll double your money over time.I aim for 15% per annum but,of course,the market doesn't work like that.The trick is to be patient,think in years rather than months. It's a very well run company and will continue to prosper.LBO,when I wrote 'more pronounced',I meant that the company sees an increase in the increased profits forecast for the second half of '09.I hope this clarification will suffice.

[lochgarman] 07/7/2009 18:43

DJDERRY.....im with you there..i was only too delighted to top up my holding today...below 15 euro..thank you very much mr market!

[lbo] 07/7/2009 13:41

More pronounced? You mean in the worse sense not better sense! Interesting what they say about Ireland and no matter how its dressed up this is a profit warning. And I do love this new expression the decline is slowing! As was recently said in the Dail who cares if you are sinking fast or slow, YOU ARE STILL SINKING! Some would also say its better to sink fast and get it over with then have to be tortured for longer!



Irish building materials company CRH PLC Tuesday forecast a 40% drop in first-half earnings before interest, tax, depreciation and amortization due to the recession and difficult trading environment, and said second-half profits will be lower on the year.

CRH said in a statement it sees "little or no pick-up" in second-half demand in Ireland

[djderry] 07/7/2009 11:26

Obviously the macro-economic outlook is challenging.However,the co. is well placed to make further acquisitions near the bottom of the cycle.They indicate that the usually stronger second half will be more pronounced this year.The sea is rough,but the ship is steady! (No Titanic quips,now.)

[lbo] 07/7/2009 00:07

Accounting body queried 11 large plcs



It has emerged that the state's accounting watchdog sought additional information regarding the accounts of 11 leading publicly-quoted companies, including CRH, Ryanair and several banks.

[lbo] 02/7/2009 20:46

CRH will issue a trading update on July 7th. In its update in May, management indicated that the first four months of the year had been extremely challenging. "We do not think that there will be much improvement in this outlook," said Davy. CRH fell 20c to E15.65.



US construction spending fell back in May and was down almost 12 per cent in the first five months of 2009 compared to 2008.

[lbo] 30/6/2009 18:20

Figures released by the European Commission show that confidence levels in European construction markets improved slightly in June but remain deeply depressed with a reading of minus 38 compared to a minus 39 in May. Shares in CRH fell by 3c to E16.30

[lbo] 29/6/2009 20:32

CRH shares were 10 per cent lower last week, which means they are currently underperforming the EuroStoxx construction index by about 8 per cent.

There was little stock specific news to drive shares lower, other than some weaker-than-expected new home sales data out of the United States.

[finbarr] 25/6/2009 16:46

LBO,

I am unimpressed by your stab at pop-physcology.However, I am surprised that you actually engaged the brain before posting (rather than the usual cut and paste).

[lbo] 25/6/2009 13:12

Don't read it if you don't want to. Thats your right but others have the right to post factual information (as opposed to just idiotic subjective and factless comments) So perhaps its you who should "get a life" or maybe you should just move to Iran!

CRH; US new home sales down again in May



US new home sales decreased by 0.6% mom in May to an annualised pace of 342k (versus consensus of 360k), from a downwardly revised reading of 344k in April (previously 352k). While this remains in the 330k and 360k range we have seen for the last six months, the mom decline is somewhat disappointing and at this level new home sales are 75% below the 2005 peak. Somewhat encouragingly, the months supply fell from 10.4 to 10.2, but remains well above the long term average of 6. The US housing market is clearly showing signs of stability (albeit at a very low level), however, with increasing unemployment, tight credit markets and record foreclosures, it would appear that a sustained recovery remains some way off. We estimate that approximately a quarter of CRH's EBITDA in the US are to the residential sector.



Spending cuts enable CRH to maintain cash-flow levels

[lbo] 24/6/2009 11:45

Once again market heavyweight CRH put pressure on the Iseq. Although there was heavy trading in the cement stock, it drifted down by 2.3 per cent to close at €16.55.

[lbo] 15/6/2009 13:50

Government 'winding down' roadworks


Up to 10,000 jobs will be lost in the construction industry over the coming year because of a slowdown in road building, contractors claimed today.

The Civil Engineering Contractors Association (CECA) accused the Government of effectively winding down the programme for new national and secondary routes.

[lochgarman] 13/6/2009 19:49

Hi Djderry....ive purchased two batches of crh over the last month. Excellent company...delighted to be on board.

I like the company and their global presence, particulalry in the emerging markets..aka...China.

[lbo] 09/6/2009 23:06

the impact a weak dollar might have on the group's full-year profits. Estimates vary as much as 2pc, with Goodbody stating it could take 4pc from US earnings and Davy rowing in with a figure of 2pc.

[krutt] 08/6/2009 17:13

LBO
Are you the only poster on this site?
I think we shall see a steady recovery in the price of CRH over the next two years. IMO a good time to get in.

[lbo] 08/6/2009 11:51

US recession 'not over yet'



A man looks over job adverts in Riverside, California. There were signs last week that unemployment may have bottomed out While the US economy is showing signs of stabilising from a recession that started in December 2007, it's "way too early" to say the contraction is over, said the head of the group that officially makes the call.

GDP estimated on a monthly basis "had a trough earlier this year, but it is way too early to say that it is a true trough rather than a pause in a longer decline," said Robert Hall, head of the National Bureau of Economic Research's Business Cycle Dating Committee.

Among the top indicators the group uses is payrolls, according to its Web site. The US lost 345,000 jobs in May, the smallest decrease in eight months, the Labor Department

Figures on existing-home sales, consumer confidence and manufacturing have pointed to a slowing in the pace of the slump.