Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Polypipe Group Plc LSE:PLP London Ordinary Share GB00BKRC5K31 ORD GBP0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.50 0.36% 423.00 422.50 424.50 440.00 414.00 431.50 598,785 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 447.6 60.1 24.9 17.0 964

Polypipe Share Discussion Threads

Showing 451 to 474 of 475 messages
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
DateSubjectAuthorDiscuss
19/5/2020
14:19
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
philanderer
16/5/2020
00:33
Over 3.2km of Ridgidrain and 1,000 “top hat” chamber base connectors from Polypipe under have been laid under an M4 motorway project in the UK. HTTPS://www.worldhighways.com/index.php/wh10/products/hats-polypipe
philanderer
15/5/2020
09:30
Very out of favour this week
philanderer
07/5/2020
19:14
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/
philanderer
07/5/2020
18:14
As an investor no one likes to take a dilutive hit from an equity raise but my reading of today's move is that the board have done the right thing to position the business and balance sheet for the recovery. As a long term holder I think pp will emerge well and outperform others in the sector in the years ahead.Getting it away at only c10% discount is I think a decent outcome
baddeal
07/5/2020
16:22
Because they're trading at 20 times earnings ? What a sh1te day .
philanderer
07/5/2020
15:45
how come these are trading at 20 times earnings?
theprovosts
07/5/2020
15:10
out and surprised also...it must be a good company to have only let up 10pc
volvo
07/5/2020
14:44
Well done mf..... I missed all this placing news today :-)
philanderer
07/5/2020
14:37
Closed short for 16 pts, amazed they got placing away at 445, well done
mad foetus
07/5/2020
14:28
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.
mad foetus
07/5/2020
14:25
The thing about this is their pipes are going to be in demand as construction is already back up and running. Infrastructure is going to be happening and so they are supporting sectors that are likely to be chosen by the govt to kick start the economy- unlike various other service and retail sectors that are going to take a lot more work to get up to speed. So would have thought these are a decent firm in these uncertain times.
scooper72
07/5/2020
14:10
I'm amazed it isn't near to £3 right now. The delay in announcing price suggests it's not the easiest sell
mad foetus
07/5/2020
13:41
Shorted this from the off at 475p...recon they can only get this funding away at 280-320p max.
volvo
07/5/2020
08:39
Managed to get 476p for mine just now. Will find out in next weeks or months if I was too cautious. Just currently the climate is so full of uncertainties. And will probably start to buy back in with small buys as the price drops. 3-5 years down the track I am sure they will be in a good place.
scooper72
07/5/2020
08:25
Who would participate in a placing at these prices?
brasso3
07/5/2020
08:22
Baffled why this isn't £3 on those announcements
mad foetus
07/5/2020
07:23
Not nice - PI's screwed as usual - Wonder how much of a haircut current share price will suffer " Proposed equity placing As a result, the Company has separately announced its intention to conduct a non-pre-emptive placing of new ordinary shares of the Company to raise total gross proceeds of approximately £120 million. The Chairman, Chief Executive Officer, Chief Financial Officer and some Non-Executive Directors intend to participate in the Placing. " Also "f the Placing were not to proceed, in the Prudent Scenario, peak net debt would be over 6x EBITDA (LTM) compared to a covenant of 3.0x EBITDA (LTM), and the Company would breach each of its quarterly covenants out to June 2021. " So Board very much over the proverbial barrel (imo)
pugugly
25/3/2020
21:02
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
philanderer
20/3/2020
00:01
'Housebuilders are too cheap, Jefferies says' Glynis Johnson and her colleagues at Jefferies said their top picks in the sector are Persimmon, Berkeley, Redrow, Countryside, Forterra and Polypipe. HTTPS://www.sharecast.com/news/broker-recommendations/housebuilders-are-too-cheap-jefferies-says--7391335.html
philanderer
18/3/2020
09:00
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
philanderer
18/3/2020
08:56
Upgrade 18th march Deutsche buy tp 550p
philanderer
17/3/2020
10:55
Well received results
philanderer
10/3/2020
18:07
Budget 2020: Chancellor will promise 'record' infrastructure spend https://www.bbc.co.uk/news/uk-politics-51823021
philanderer
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
ADVFN Advertorial
Your Recent History
LSE
PLP
Polypipe
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200527 00:41:30