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Share Name Share Symbol Market Type Share ISIN Share Description
Polypipe Group LSE:PLP London Ordinary Share GB00BKRC5K31 ORD GBP0.001
  Price Change % Change Share Price Shares Traded Last Trade
  +9.40p +2.94% 329.20p 119,512 15:17:24
Bid Price Offer Price High Price Low Price Open Price
328.80p 329.60p 329.40p 320.20p 327.80p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 411.70 55.60 17.00 19.4 653.0

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Date Time Title Posts
10/12/201810:17Plastic Pipes are booming business344

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Polypipe Daily Update: Polypipe Group is listed in the Industrial Engineering sector of the London Stock Exchange with ticker PLP. The last closing price for Polypipe was 319.80p.
Polypipe Group has a 4 week average price of 307p and a 12 week average price of 305.40p.
The 1 year high share price is 428.60p while the 1 year low share price is currently 305.40p.
There are currently 198,361,384 shares in issue and the average daily traded volume is 331,233 shares. The market capitalisation of Polypipe Group is £653,005,676.13.
robow: Get set for double-digit growth from Polypipe Piping manufacturer Polypipe (PLP) is benefiting from price increases and volume growth and could deliver double-digit returns, says Numis. Analyst Christen Hjorth retained his ‘add’ recommendation and target price of 450p on the shares, which rose 6.1% to 376.6p yesterday. He said the interim results were in line with expectations, trading in the second half had started well, and noted the group remained ‘confident of delivering its full year expectations’. ‘Following a 10% year-to-date decline in Polypipe’s share price, the group now trades on a 2019 price/earnings ratio of 11.9x, dividend yield of 3.4% and free cashflow yield of 8.8%,’ he said. ‘Our medium term analysis, which assumes a flat construction backdrop, suggests that Polypipe could deliver a double-digit compound annual growth rate out to 2022.’
bottomfisher: PLP's share price is not being helped by the decision of Standard Life, PLP's biggest shareholder, to continue trimming its stake which has fallen from 13.77% to 10.62% over the last few months. However, it is encouraging to see that Franklin Templeton, a quality name in the investment arena, has just disclosed a 5.16% stake in PLP, making it the company's second biggest shareholder. Let's hope this is a long-term commitment and not a short-term trading play.
bottomfisher: Bit of a worry. The recent weakness in PLP's share price could be due to the steady selling of Standard Life, PLP's biggest shareholder, which has reduced its stake from 13.77% at the end of March to 11.43% currently, selling 4.7m shares. The next three biggest shareholders - Schroders (4.6%), JP Morgan Asset Management ( 4.1%) and Norges Bank (4.8%) have also trimmed their stakes since the start of the year according to the last annual report. Any thoughts on why PLP's biggest shareholders have been reducing their stakes?
jurgenklopp: The share price has been drifting all month although all broker notes remain very positive. Cannot believe there is much more downside.
shauney2: Polypipe undervalued says Numis House broker Numis Securities reiterated its ‘buy’ on Polypipe Group (PLP) after a steep decline in the plastic pipe manufacturer since the Brexit vote in June. Reiterating his share price target of 330p analyst Christen Hjorth commented: ‘Increased uncertainty following the EU referendum has led to Polypipe’s share price declining by 28% year-to-date, with the group now trading on a 2016 price/earnings ratio of 10.5x and a yield of 3.8%.’ He added: ‘In our view, these metrics do not reflect Polypipe’s broad exposure to UK construction activity, track record of market outperformance and strong free cash-flow generation. Indeed, we believe that these factors could lead to a double-digit compounded annual growth rate total shareholder return over the medium term, even if the group’s current rating is held.’ The shares added 4.4p or 1.7% to close yesterday at 258.3p.
bottomfisher: Has the share buyback got anything to do with the apparent decision of PLP's second biggest shareholder, Cantillon Capital, to dispose of its 6.3% stake according to the latest RNS? Cantillon, a savvy US hedge fund, was one of the founding shareholders at the time of the IPO with a 8% stake. Its decision to exit PLP follows last October's exit of Cavendish Square, the major shareholder which sold the company in 2014. Were it not for the steady stake building of Standard Life, which now owns 14.65%, PLP's share price would not have held up as well as it has. Let's hope that the latest set of results will encourage a few more institutions to join a share register dominated by just Standard Life and Schroders.
tiger20: There could be a Company - Sale or Aquisition by the company if so another RNS should come out in next 2/3 days. Are you sure L2 is correct are they buys or sells because I would have thought if they were buys then the share price would rise.
Polypipe share price data is direct from the London Stock Exchange
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