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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 -0.35% 425.50 425.50 426.50 428.00 416.00 418.00 1,303,534 15:34:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 447.6 60.1 24.9 17.1 970

Polypipe Share Discussion Threads

Showing 451 to 473 of 475 messages
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
DateSubjectAuthorDiscuss
08/7/2020
12:01
Friendless after that downbeat report yesterday... 400p support being tested now.
philanderer
08/7/2020
00:05
Polypipe to axe 250 jobs as virus causes the Doncaster firm's revenues to plunge HTTPS://www.yorkshirepost.co.uk/business/polypipe-axe-250-jobs-virus-causes-doncaster-firms-revenues-plunge-2905962
philanderer
07/7/2020
17:10
That went down well :-(
philanderer
07/7/2020
12:30
RNS In light of this medium-term outlook, we are taking regrettable but necessary steps to adjust our manning levels and cost base to reflect this level of demand. Unfortunately, it means that we are entering a consultation period with our employees to review these steps, which if actioned in full, will lead to the loss of approximately 250 jobs or 8% of the workforce. It is important to note that there is no planned permanent closure of any facility, which leaves the Group well placed to react to any sustained but unexpected increase in customer demand. ...we are not yet reinstating financial guidance, and this remains under review by the Board for the time being.
philanderer
18/6/2020
00:40
Analysts at Berenberg reiterated their 'hold' rating on plastic piping manufacturer Polypipe on Wednesday, noting that although near-term uncertainty remained, the group was poised to be a "mid-term winner". Berenberg said that after hosting a virtual "fireside chat" with Polypipe chief financial officer Paul James, on 16 June, it felt positive about medium-term structural opportunities presented to the group as it continues its transition into a "one-stop-shop". The German bank said Polypipe's transition should also be aided by its "strong balance sheet" since its £120m equity raise in May but still warned that nearer-term, uncertainty was "high" and said it remained "cautious" on the pace of the recovery in key end-markets. "Management said that the high uncertainty means that it is taking a cautious approach to capex budgets and M&A, with the next two to three months being crucial for how it chooses to proceed," said the analysts. "When assessing this against current valuation, we see better risk/reward elsewhere in the sector," added Berenberg, which kept its 480p target price on the group unchanged. HTTPS://www.sharecast.com/news/broker-recommendations-/broker-tips-polypipe-premier-oil-boohoo--7544418.html
philanderer
17/6/2020
12:52
Berkeley has said the housebuilding and construction industry will need government support, including a simplification of the planning process, if it is to play a leading role in helping the British economy recover from the coronavirus. Rob Perrins, the chief executive of the FTSE 100 housebuilder, said the government would need to intervene to kickstart growth. “Housebuilding and construction can play a vital role in the broader economic recovery following Covid-19,” Perrins said as Berkeley announced its full-year results on Wednesday. HTTPS://www.theguardian.com/business/2020/jun/17/uk-housebuilders-will-need-government-support-says-berkeley-coronavirus
philanderer
09/6/2020
10:03
Berenberg downgrades Polypipe Berenberg has downgraded piping manufacturer Polypipe (POLY) as it believes it will have limited involvement in new infrastructure projects. Analyst Lushanthan Mahendrarajah downgraded his recommendation from ‘buy’ to ‘hold’ and reduced his target price from 520p to 480p. The shares fell 2.1% to 445.5p yesterday. ‘There remains opportunities in UK construction but stock picking is crucial,’ he said. ‘Our preferences lie with those where we see more of a fiscal opportunities via infrastructure, such as Breedon, or regulatory tailwinds, or those names that have underperformed but where we believe end-markets will be relatively more resilient, such as Volution and Travis Perkins.’ HTTPS://citywire.co.uk/funds-insider/news/the-expert-view-astrazeneca-plus500-and-polypipe/a1365741?section=funds-insider&_ga=2.115446405.267598514.1591693106-1130311165.1591693106#i=4
philanderer
08/6/2020
10:49
BERENBERG CUTS POLYPIPE TO 'HOLD' ('BUY') - TARGET 480 (520) PENCE
philanderer
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
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
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