Polypipe Share Discussion Threads

[scooper72] 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.

[brasso3] 07/5/2020 08:25

Who would participate in a placing at these prices?

[mad foetus] 07/5/2020 08:22

Baffled why this isn't £3 on those announcements

[pugugly] 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)

[philanderer] 25/3/2020 21:02

Polypipe suspends divi as it winds down operations due to Covid-19

[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.

[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.’

[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

[philanderer] 03/3/2020 11:32

U.K. Construction Sector Grows at Fastest Pace Since 2018

[philanderer] 13/2/2020 16:29

And just touched 600p :-)

[philanderer] 13/2/2020 10:38

Top sliced 15% of my holding ,. Portfolio was getting unbalanced.

[philanderer] 11/2/2020 15:21

Government infrastructure hopes I suppose ?

[philanderer] 28/1/2020 18:36

Polypipe starts 40th year celebrations with local award success

[philanderer] 24/1/2020 10:04

+++ BERENBERG RAISES POLYPIPE PRICE TARGET TO 610 (480) PENCE - 'BUY' +++

[keyno] 09/1/2020 17:02

Thanks, philanderer. I probably put a hex on share price by posting on 1st but I was buoyed up by emphasis on infrastructure news from govt. That'll teach me .................

[philanderer] 08/1/2020 15:55

Happy New Year to you too Keyno and everyone else here.

PLP letting us down a little today ;-)

[keyno] 01/1/2020 12:06

Happy New Year Pipers. Let's hope 2020 is as good for Polypipe as 2019 and thanks to philanderer for all his news items.

[philanderer] 18/12/2019 17:53

'Blackfriar reveals the nine Yorkshire firms set to benefit from investment in the North'


Analysts at Peel Hunt expect the Tories will invest in the region and the beneficiaries will include Yorkshire firms MJ Gleeson, Henry Boot, Marshalls, Polypipe, Harworth Group, Town Centre Securities, Vp, Severfield and Morrisons.

[philanderer] 13/12/2019 10:14

Jefferies upgrading from 'hold' to 'buy' ... tp 543p

[jammydodger1] 04/12/2019 20:09

Tonight you people need to research ALGWBIG PLANS 100,000,000 million. Credit facility about to be approved and signed by a leading UK asset managerMcap of this company is only 5m nowWill be multiples And way past 20pDnt be left out in the cold

[philanderer] 04/12/2019 17:45

Through 500p :-)

[philanderer] 20/11/2019 19:47

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.’