Ferguson Enterprises Share Discussion Threads

[thebullhunter] 24/10/2018 12:36

This is looking like good value. Is there likely to be any downturn in US plumbing supplies sales in the near future? I'm thinking the recent drop is more about a correction in overall market and to an extent ferg itself. Thinking about buying....

[jack_c_hk] 11/10/2018 08:09

Sorry ignore that. Wrong board

[jack_c_hk] 11/10/2018 08:08

Ex-div today

[broadwood] 20/6/2018 09:57

Continued progress after those results.

[broadwood] 19/6/2018 10:56

Happy with these results.

- Ferguson said Tuesday trading profit rose 17.1% in the fiscal third quarter of the year, from the same period a year ago as revenue jumped 10.2%.

For the 3 months to 30 April, trading profit rose 17.1% to $356m, revenue was 10.2% ahead of last year at $5.1bn, while net debt was slashed to $260m from $1.47bn following the sale of Stark Group for about $1.2bn.

Revenue growth was largely driven by strong US performance more than offsetting weakness in the UK.

US revenue rose 11.5% to $4.11bn at constant exchange rates, while UK revenue fell 10.9% to $629m.

The company blamed the weakness in the UK on the closure of branches and the exit of the wholesale business towards the end of the first half.

Following shareholder approval on 23 May, the company confirmed that it plans to move ahead with a special dividend of $4 per share, equivalent to about $1bn -- slated for 29 June.

'The US continued to grow strongly with organic revenue growth of 10.6% in the quarter. Growth was broadly based across all US regions, supported by good market conditions,' said John Martin, Group Chief Executive.

'The fourth quarter has started well with organic revenue growth in line with the third quarter.'

[scobak] 29/5/2018 09:16

As a result and looking at the effect of the annual dividend allowance of 2k,I have been been busy today swapping a quantity from trading account to isa.

[scobak] 29/5/2018 09:13

How do you know the $4 special divi is October?
According to the Ferguson web pages under divis it shows record date as 08/06/18
Divi paid on 29/06/18 with conversion of dollar to sterling on i believe 19/06/18.

[whatsup32] 15/5/2018 21:33

Home Depot results less then positive . Just released. See what happens tomorrow

[whatsup32] 06/5/2018 09:09

Just bought in as well. I like that the earnings are mainly state side and in dollars . Hope special dividend pushes it further north

[broadwood] 04/5/2018 16:51

mokey - the more the merrier.

[monkeywrench] 04/5/2018 16:19

Yes I'm in, broadwood. Hope that doesn't put you off.
Recommended in Telegraph a while back. Happy so far.
As long as it doesn't drop close to my in point, I'll hang on for the special Divi in October.

[broadwood] 02/5/2018 11:53

Comment from last October results, very positive.

[broadwood] 02/5/2018 11:43

There seem not to be a thread - so I've created one.

Any other holders out there?

[broadwood] 02/5/2018 11:41

FERG arose out of a name change - previously Wolseley. It is 90% US based and has been performing well.

Donald's tax cuts have helped.