Crh Share Discussion Threads

[djderry] 25/8/2009 12:05

Interim results as expected.Dividend maintained.

[lbo] 10/8/2009 22:39

Brokers manipulating markets by stealth, says Financial Regulator



Some Dublin stockbrokers are potentially engaging in market manipulation by seeking to place largescale orders for stocks which are then not implemented, the Financial Regulator has concluded after a long investigation

[lbo] 05/8/2009 20:20

CRH, meanwhile, saw its stocks fall by 72c to E17.50 after new data showed the US economy's service sector contracted in July at a faster pace than June, heightening concerns about the strength of the recovery. Investor sentiment on both sides of the Atlantic was also hurt by data showing higher-than-expected private-sector job losses in July, which suggested that the US labour market remained persistently weak with the White House warning of worse to come.

[lbo] 02/8/2009 23:34

BUILDING materials giant CRH spewed out more greenhouse gases last year than either Latvia or Luxembourg.

CRH global network of factories and cement plants emitted 13 million tonnes of CO2 last year, according to the company's latest corporate social-responsibility report.

The latest yearly EU figures show that Luxembourg emitted 12.9 million tonnes of CO2, while Latvia emitted 12.1 million. Ireland emitted 69.2 million tonnes of CO2.

A CRH spokeswoman said: "CRH has made a significant commitment to reducing CO2 emissions by committing to a 15 per cent reduction in specific carbon dioxide cement plant emissions by 2015."




FUTURE TAXES should be "taxes on pollution" as opposed to taxes on employment, Minister for Energy Eamon Ryan said yesterday.



ESRI recommends €10 per tonne carbon tax

[djderry] 28/7/2009 19:42

Soon you'll be posting cartoons from Punch.

[lbo] 27/7/2009 20:37

Now where have I heared that spiel before! And what is it they say about Irish fools and their money again?

[djderry] 27/7/2009 19:59

Em...it's called a recession.Every other building materials group is going through the same thing.Some of us investors understand the business cycle,chose the companies that we think will outperform and invest.Now before you throw in your tiresome barb about Anglo,save your breath.At the end of the month,as always,I will be purchasing more CRH.(In addition to my pension fund which is 50% in Irish equities at present.)

[lbo] 27/7/2009 13:24

For the six months to end of June CRH has already reported that its European Distribution business (which makes up about 13pc of group profits) recorded like for like sales of minus 10pc, resulting in a 30pc decline in profits with DIY being the most robust part of the business. However, the market environment was more difficult for its US Distribution business (4pc of group profits), which has led to a 20pc decline in like for like sales and a breakeven out-turn at the profit level (versus profit of $44m in the first half of 2008). "An area of continuing concern is non-residential markets (as alluded to by Wolseley), a segment which represents almost 40pc of group EBITDA for CRH," said Goodbody Stockbrokers.

[lbo] 13/7/2009 10:06

Sounds like some expect a dividend cut at CRH!

Investors hang on CRH dividends

[lbo] 10/7/2009 10:11

Shares in CRH declined by 10c to E16.40 after Davy cut its earnings per share forecast by 23pc for this year and by 15pc for the full year 2010. Most of the downgrade is coming from the Americas Products and Distribution divisions, which performed substantially below the broker's expectations in the first half. The decline in these divisions was due to a rapid deterioration in US non-residential markets in the first half of 2009. According to the outlook, there is no sign of improvement in market conditions and "we have therefore reduced our assumptions for the second half of the year and into 2010". "Europe performed better than expected (we downgraded following the AGM statement in May). However, we have reduced forecasts for the European Materials division given the lack of seasonal pick-up across most of CRH's markets in May and June," said analyst, Barry Dixon

[lbo] 09/7/2009 23:30

djderry - 10 Apr'09 - 22:55 - 138 of 190

Still basking in schadenfreude I see

[lbo] 08/7/2009 23:08

I think you have a very short or very selective memory!



















And as for "In a downturn all companies suffer! I suggest you look left on a 9 year chart on companies like Tesco, Johnson & Johnson, Colgate and Berkshire!

[djderry] 08/7/2009 19:43

LBO,I don't want to get into any personal comments,I wish to discuss the co.'s performance.Regarding Anglo,I lost many tens of thousands of euro.I have posted elsewhere that your view was,in hindsight,the correct one.However,this is a thread on CRH.A different company.A different management.A different business model.

[djderry] 08/7/2009 19:38

15% compounded doubles every five years.As I said,it doesn't work as neatly as that,some years you'll get a lot more,recently,as we know,a lot less.My point is that if you look long term then you'll be well rewarded.

[lochgarman] 08/7/2009 18:34

Djderry.....15% would be a very nice return indeed....their return on shareholders equity over the long term runs at about this....

they now also have a nice warchest to buy up struggling competitors..

lovely free cash flow also.......very sound company.

[lbo] 08/7/2009 10:34

CRH - Hefty profit warning





• CRH issued a tough trading statement this morning, widely expected following the poor weather in the US and Europe, with deteriorating activity levels in non residential and residential, coupled with fx and fuel prices moving against the group.
• Operating profit will be c1/3 of the 2008 level. Weaker than expected May and June. EBITDA will be down 40% on H1 2008 (€1.1 billion). Profit before tax will be one third of H1 pretax profit will be €100 million, compared with €600 million in 2008. This is after €75 million restructuring costs and a negative fx move of €20 million. This is ahead of worst case scenario, despite a hefty decline. H2 profitability is set to be lower than H2 2008 but higher than H1 2009

Following from the statement, we expect to have to cut earnings from €1.35 to the low €1.20s after the conference call. This puts the stock on c(f) PER of 12.5 X for 2009,

[lbo] 08/7/2009 08:47

I think you meant Negative returns from every corporate entity! Its hard to be positive when you look left on the charts of all the ISEQ shares over the last 9 Years! LOL

CRH to suspend output at 2 cement plants

[craffert] 07/7/2009 23:11

LBO must stand for Largely Bloody Obsessed (with negative views about every Irish corporate entity)

[lbo] 07/7/2009 20:40

"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"

Did you not say that about Anglo Irish bank aswell? And if you look left on the CRH ISEQ chart exactly how long "in years" are you talking? Would since 2000 be long enough? ;)

Lets look back at March 2005!!!



Davy Stockbrokers has the company as a 'strong buy', with a target price of 24.

Smith Barney has set a price target of 22, rating it a 'low risk buy'. Goodbody has a 23 price target. "Our view is that there is not going to be a lot of news flow in the next few months that will attract the incremental investors you need, " Eason said.

Conclusion: CRH has a habit of coming up with the goods, making it a good longterm buy. The short-term outlook for the share price all depends on what O'Mahony and company have stored up their acquisitive sleeves