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Polypipe Share Discussion Threads
Showing 201 to 225 of 225 messages
|Ex-divi 7p yesterday......|
|Sold the lot today and out with a 50+% profit. Objective has been achieved! PLP has been good for me...£22k gain since i got in at £2.50 level. Have reinvested in funds which will produce approx double the income the PLP div would've given me for my HL drawdown pension. Good luck to PLP remainers!|
|Yep.. looking good. Ex div next week though?|
|Well, well. We hit 400p this morning. Well done pipers!|
|Bought 15000 last year for my SIPP which I 've now transitioned to a drawdown. So i'm 45% up on my outlay and have a good div as income to look forward to. Whats not to like? One of my better invest decisions although i did have 25000 at the start but sold some as i thought i had too much exposure etc... anyway good luck all! Watch out for LUCE on Monday ..got these at 1.60p last year|
|Yep, all looking good imho..onwards and upwards!|
|What's not to like.....|
|Polypipe Group Plc PLP Jefferies International Buy 372.50 372.50 Old PT 350.00p New PT 410.00p Upgrades|
|Polypipe profits surge to new heights
With house-builders increasingly preferring plastic to traditional clay pipes, Polypipe goes from strength to strength.
The plastic pipe maker, which floated on the London stock exchange in 2014, has again reported record financial results.
Polypipe group revenue for the year ended 31st December 2016 was 24% higher at £436.9m (2015: £352.9m). This was partly due to the £145m acquisition of ventilation equipment manufacturer Nuaire in August 2015, but on a like for like basis, excluding acquisitions and on a constant currency basis, revenue was more than 9% higher than the prior year.
Underlying operating profit was up 28% to £69.4m (2015: £54.2m), representing a record operating margin of 15.9% (2015: 15.4%).
Profit before tax was up 31% to £54.4m (2015: £41.5m).
Chief executive David Hall said that investment in capacity expansion projects was paused in the wake of the EU referendum result, but these soon resumed as confidence returned. “Whilst we took a measured response to slow capital expenditure relating to capacity expansion in the immediate aftermath of the EU referendum, as our confidence returned we recommenced those projects, which has the effect of having pushed forward around £3m of expenditure originally planned for 2016 into 2017. Despite this rescheduling, we still invested £19.1m during the year,” he said.
New products introduced during 2016 included a push-fit stainless steel manifold for the underfloor heating range, a range of cast-iron effect PVC rainwater hoppers, a squeezable cavity closure that requires no cutting on site, HDPE four-way boss pipes and low-level manifolds, and a range of guardrail and chain assembly accessories for Ridgistorm-XL installations.
David Hall said that further business growth was expected in 2017. "Following on from a record performance in 2016 I am confident that our strategic development initiatives will continue to deliver growth ahead of the market," he said.
|Polypipe Group Plc PLP Numis Add 361.55 353.30 Old PT 375.00 New PT 405.00 Reiterates|
|Yep, that'll do.......|
|Final results out.
Eps of 25.00p
Dividend of 10.1p
Outlook pretty good.|
|Forecast eps is 24.49p (consensus) - a rise of 26%
Forecast dividend is 9.81p (consensus) for full year.|
|Run up to results?|
|Again we bounce off 355p - perhaps the prelims will provide the results needed to penetrate this resistance level.|
|Ahh.....just saw post above, 30th|
|Have we an exact date for results, 31st last yr and no financial calendar on their site.|
|Prelims on March 30th I believe|
|Good day for PLP! Final results soon!|
|Expected retreat from the peak compounded by usual Fri pm blues.|
|I nearly sold at 357, it's new ground so always going to be a safe bet selling around there|
|I sold out at 357p but this is looking quite strong and ready for another rise soon. I think the March results will be very good but too long to wait for for me.
I put my profits into SFR.|
|Results due at the end of march, fingers cross that will be the push beyond 360|
|9th feb Peel Hunt add tp 375p up from 350p|
|yes its still on my watch list i'll buy back one day maybe if the price is right|