Grafton Grp.uts Discussion Threads

[sleepy] 09/1/2013 21:03

Lochgarman - Happy that you have more than trebled your money! Sleepy nodding off now

[lochgarman] 09/1/2013 19:26

This is a very well run machine!

Happy days :-)

[wexboy] 24/1/2012 19:17

Hey folks,

Ouch, a v dead board - any interest in reviving it?

I've just posted Part II of 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 two dozen companies, including Grafton Group:



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

[340r] 08/3/2010 16:42

News is way out of date. 2009 Final's announced 4th March?

[lochgarman] 10/11/2009 22:29

Well i am still 200% in profit lol!

[lbo] 10/11/2009 10:00

Grafton sales down 28pc in year so far

[lbo] 21/9/2009 23:44

Shares in Grafton fell by 19c to E3.77. Irish retail sales figures showed that the "Hardware, paints and glass" component declined by over 20pc in value terms. This compares to a 17pc fall in July and a 30pc fall in May. A feature of the data in recent months has been the presence of deflation in the sector, this is to the fore again in the July data with volumes down 17pc. This implies prices are down around 4pc, which compares to declines of 3pc in both June and May.

[lbo] 29/8/2009 21:03

Grafton sees 31% fall in turnover for first six months

[lbo] 17/8/2009 13:21

Further evidence of the slump in the Irish construction sector came in the way of news from 4HOME (a DIY business with some builders providers) that it is to close more of its locations. 4HOME is a relative newcomer to the Irish DIY market (opened its first DIY store in 2004) and at its peak had 13 owned/franchised and 7 co-op / builders providers stores. Over the weekend, it closed three of the co-op stores, which follows the closure of seven of the owned stores over the last number of months

[lbo] 27/7/2009 13:31

Wolseley gloomy on Irish prospects



Wolseley said the Irish market was unlikely to return to the levels of activity in the previous decade and it was continuing to adjust its cost base to reflect this

[lbo] 22/7/2009 21:10

ALL OF Harvey Norman's stores in Ireland are losing money, with sales plunging by as much as 40 per cent, the Australian electronics and furniture retailer said yesterday.

[lbo] 04/7/2009 15:53

Grafton turnover down €450m

[lbo] 03/7/2009 12:26

Grafton makes a loss in Ireland in H1

[lbo] 30/6/2009 18:21

Goodbody Stockbrokers' forecasts for Grafton have like-for-like sales in the UK declining by almost 17pc in the first half of the year and for this to moderate to a 9pc drop in the second half. "In terms of gaining confidence that trends will improve in the second half, we continue to closely monitor leading indicators like mortgage approvals. On this front it is of note that the improving trend in mortgage approvals stalled somewhat in May with a figure of 43.4k versus 43.2k in April and consensus of 46k," said analyst, Robert Eason. Grafton shares fell by 3c to E2.60.

[lbo] 29/6/2009 11:19

Data released on Friday showed that Irish planning permissions granted for new dwellings decreased by 23.7% yoy in the first quarter, which compares to -22.4% in Q4. In terms of planning permissions granted for extensions/alterations to dwellings (a proxy for rmi work), the number was down 25% in Q1. This continues the deteriorating trend in this series (-19% in Q408, -14% in Q308, -13% in Q208 and -5% in Q108). Such data highlight the difficult operating environment for Grafton's Irish operations (approximately a third of group sales) where the rmi/new residential split is 75%/25% and unlike in the UK there is no sign yet of a turning point. Our Grafton forecasts have Irish sales declining by 34% in H1 (versus -24% in H208) and -13% in H209.

[lochgarman] 12/6/2009 14:13

and further good results from home base....

[lbo] 08/6/2009 11:24

Construction sector continues decline

[lochgarman] 02/6/2009 17:27

quite good results from Kingfisher today..plus their comments about the rmi market.

[lbo] 28/5/2009 12:48

Wolseley's Irish operation fares badly



Irish operations fared badly in British building supplies business Wolseley in the firm's latest report. In a trading statement covering the nine months up to the end of April Wolseley, which operates the Brooks, Tubs and Tiles, and Heat Merchants chains, said Ireland, the UK and Nordic countries showed sharper levels of decline than the firm's other European operations.

The company said revenues were flat at STG12.1 billion, but down 15 per cent on a constant currency basis. Wolseley's trading profits fell 58 percent to STG189 million and pre-tax profits, before exceptionals, amortisation and impairments was down 80 per cent at STG80 million

In the statement the firm, which cut 180 Irish jobs earlier this year, said it was looking at ways to further cut costs in Ireland.

[lbo] 30/4/2009 14:18

Grafton Group's turnover falls by one third in first quarter

[lbo] 29/4/2009 12:31

Toughest markets in decades - Grafton


Wednesday, 29 April 2009

Building materials group Grafton has said it faced the most challenging trading conditions in decades in the first four months of 2009.

[lochgarman] 27/2/2009 11:06

what a bargain!!!!!

thank you mr market for allowing me such a daft purchase price :-)

[lbo] 05/2/2009 15:03

NCB

Data released by Homebond in respect of January 2009 shows a decline of 80% in year on year registrations for the month. This represents a further weakening in the decline evident throughout 2008.

New registrations in the month totaled just 201 units compared with 1,067 units in January 2008. Although the data does not cover the entire market it can be assumed that it represents a relatively accurate view of the overall outturn given that Homebond is the largest provider of housing registrations in Ireland. This latest data represents an all-time low (previous low occurred in January 1979 when 214 units were registered).

The decline in registrations points to a marked pull back in supply by builders in response to a shrinking pool of buyers which are encouraged to defer purchases as house prices continue to decline. We estimate that Grafton currently derives less than 10% of its activity from new Irish residential construction. While RMI work is also under pressure it should be less cyclical than new build and Grafton also has the balance sheet to manage the challenges of the current downturn.