Polypipe Dividends - PLP

Polypipe Dividends - PLP

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Polypipe Group Plc PLP London Ordinary Share GB00BKRC5K31 ORD GBP0.001
  Price Change Price Change % Stock Price Last Trade
-7.50 -1.52% 485.50 16:35:15
Open Price Low Price High Price Close Price Previous Close
497.50 482.00 501.00 485.50 493.00
more quote information »
Industry Sector
INDUSTRIAL ENGINEERING

Polypipe PLP Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
17/03/2020FinalGBX8.131/12/201831/12/201923/04/202024/04/202028/05/202012.1
13/08/2019InterimGBX430/12/201830/06/201929/08/201930/08/201920/09/20190
19/03/2019FinalGBX7.931/12/201731/12/201818/04/201923/04/201929/05/201911.6
14/08/2018InterimGBX3.730/12/201730/06/201830/08/201831/08/201821/09/20180
20/03/2018FinalGBX7.531/12/201631/12/201719/04/201820/04/201825/05/201811.1
08/08/2017InterimGBX3.630/12/201630/06/201724/08/201725/08/201722/09/20170
30/03/2017FinalGBX731/12/201531/12/201627/04/201728/04/201702/06/201710.1
16/08/2016InterimGBX3.130/12/201530/06/201625/08/201626/08/201623/09/20160
31/03/2016FinalGBX3.231/12/201431/12/201528/04/201629/04/201601/06/20165.5
20/08/2015InterimGBX2.330/12/201430/06/201527/08/201528/08/201525/09/20150
26/03/2015FinalGBX331/12/201331/12/201407/05/201508/05/201528/05/20154.5
18/08/2014InterimGBX1.530/12/201330/06/201427/08/201429/08/201426/09/20140

Top Dividend Posts

DateSubject
17/11/2020
11:46
martindjzz: This is a very quiet board! Anyway, PLP seems to have managed the business well this year. Furthermore in the Capital Markets presentation that finished just now they offered a very attractive vision of the future based on some powerful drivers of structural growth. Having been in since mid 2015 I have increased my holding by 20%.
19/5/2020
13:19
philanderer: Numis upgrades ‘well placed’ Polypipe Numis has upgraded Polypipe (PLP) after its recent equity raise as it believes it can continue to drive outperformance. Analyst Christen Hjorth upgraded his recommendation from ‘add’ to ‘buy’ with a target price of 525p on the shares, which surged 7.6% to 430p yesterday. Hjorth said Polypipe would benefit from a range of long-term drivers such as ‘government focus on water management’ and thanks to the capital raise had an ‘improved balance sheet position’ although there were ‘short-term factors impacting the business’. ‘We conclude that the group is well-placed to drive continued outperformance and represents one of the highest quality companies in our building and construction universe,’ he said. HTTPS://citywire.co.uk/funds-insider/news/the-expert-view-superdry-polypipe-and-compass/a1358398?section=funds-insider&_ga=2.241683654.554871396.1589894234-585446346.1589894234#i=3
07/5/2020
18:14
philanderer: FWIW Investors Chronicle: Tip Update: Hold at 474p Polypipe (PLP) has been operating at around 70 per cent below normal levels, supplying customers primarily from existing stock. Residual demand has been driven by urgent NHS and healthcare activity, ongoing infrastructure and commercial work and essential repair, maintenance and improvement projects. Excluding lease liabilities, net debt had increased by over a fifth since the December year-end to £184m as at 31 March, attributed to seasonal working capital flows. An additional £50m revolving credit facility brings the total to £350m for the next 12 months. Despite this additional liquidity, the group is looking to raise £120m from an equity placing to avoid breaching its quarterly covenants through to June 2021. Under a “prudent” scenario, the proceeds would reduce peak 2021 net debt from over 6 times cash profits (Ebitda) to 2.5 times – this is versus a covenant limit of 3 times. IC View Polypipe is assuming demand only starts to recover from July, with trading from September and throughout 2021 still 25 per cent lower than 2019 in its larger residential systems business. Move to hold at 474p. Last IC view: Buy, 466p, 17 Mar 2020 HTTPS://www.investorschronicle.co.uk/tips-ideas/2020/05/07/polypipe-looks-to-raise-funds/
07/5/2020
13:28
mad foetus: No question they are a decent firm but what are they worth? £184m current debt, increased RCF to £350m, dividend pulled, tax liabilities deferred (so probably next year's dividend pulled too) and needs £120m emergency support to stop breaching covenants. It's not pretty.
25/3/2020
21:02
philanderer: Polypipe suspends divi as it winds down operations due to Covid-19 HTTPS://www.sharecast.com/news/news-and-announcements/polypipe-suspends-divi-as-it-winds-down-operations-due-to-covid-19--7400702.html
18/3/2020
09:00
philanderer: Don’t overlook Polypipe’s strong balance sheet, says Numis Short-term volatility in the shares of Polypipe (PLP) will be overridden by its strong balance sheet, says Numis. Analyst Christen Hjorth reiterated his ‘add’ recommendation and target price of 525p on the shares, which rose 4% to 485p yesterday. The pipe manufacturer announced in line results and Hjorth said ‘notwithstanding the coronavirus, management believes that the group is well-placed over the medium term’. ‘While we see scope for downside risk to estimates due to the pandemic, we retain our current forecasts at this stage,’ he said. ‘Looking forward, share prices are likely to remain volatile in the short-term, but we believe that Polypipe is well positioned from a structural, environmental, and balance sheet perspective.’ HTTPS://citywire.co.uk/funds-insider/news/the-expert-view-compass-polypipe-and-balfour-beatty/a1336390?section=funds-insider&_ga=2.7878203.807879903.1584521860-2011866155.1584521860#i=3
08/1/2020
15:55
philanderer: Happy New Year to you too Keyno and everyone else here. PLP letting us down a little today ;-)
20/11/2019
19:47
philanderer: Polypipe investment case intact, says Numis Piping manufacturer Polypipe (PLP) is a fundamentally strong business operating in a weakening market, says Numis. Analyst Christen Hjorth retained his ‘add’ recommendation and target price of 450p on the company, which is expecting full-year results to be marginally below expectations due to a tougher market backdrop. The shares fell 1.8% to 467.8p yesterday. Hjorth reduced his 2019 earnings per share estimate by 6%, with a similar adjustment for 2020. ‘We would not want this to be taken out of context as in our view it reflects a market rather than company-specific phenomenon with the group’s medium-term investment case remaining exceptionally attractive,’ he said. ‘Indeed, we believe that Polypipe has at least held its market share and its long track record of outperformance remains very much intact.’ HTTPS://citywire.co.uk/funds-insider/news/the-expert-view-easyjet-ao-world-and-polypipe/a1295833?re=69681&ea=290170&utm_source=BulkEmail_FundsInsider+DawnChorus&utm_medium=BulkEmail_FundsInsider+DawnChorus&utm_campaign=BulkEmail_FundsInsider+DawnChorus#i=4
28/8/2019
08:07
philanderer: xd tomorrow morning for the 4p interim dividend
14/8/2019
06:37
robow: from Citywire Polypipe valuation attractive, says Numis Piping manufacturer Polypipe (PLP) is still trading on an attractive multiple despite the shares rising 23% in the last year, says Numis. Analyst Christen Hjorth reiterated his ‘add’ recommendation and target price of 450p on the stock after first-half results were ‘broadly in line’ with estimates. ‘The group alludes to an encouraging start to the second half and we therefore leave our profit forecasts unchanged,’ he said. ‘Polypipe has been a strong performer year-to-date, with its share price up 23%. Despite this, the group trades on what we view as an attractive 2020 price/earnings ratio of circa 12 times and dividend yield of 3.3%.’
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