Travis Perkins Share Discussion Threads

[jaafar1] 29/8/2006 13:56

jeffian:
and those who bought at 1714p...what happen to them? nursing their losses?
I do not think many know
Irish building material maker announced profit on their results today...price went up by 2.5%
so why TPK go 4% up? to suck your money....simple.......as simple as that

[jaafar1] 29/8/2006 13:53

Pencae:
it is only 4k short but still in profit.
will close today...do not know why it went up.....but I know it came down

[penycae] 29/8/2006 11:09

Wish I'd seen that Jaf.

[jeffian] 29/8/2006 10:18

You're a brave man to go short, jaafar,if you don't know the reason for the price surge - looking at the increase in trading activity around 10.30, there's plenty who think they do!

Regards, Ian

[jaafar1] 29/8/2006 10:00

massive price surge...reason?
short at 1712p

[mickconn11] 02/6/2006 19:52

richjp.

Ask your broker to explain to you the takeover.

[richjp] 23/5/2006 10:14

My broker put me into Travis Perkins yesterday on the basis of the current market weakness and saying that the purchase of Wickes has resulted in share price weakness leaving the shares "appearing distinctly undervalued".

We shall see!

[mickconn11] 14/3/2006 20:45

Chart says 1800 on the way.

Fundamentals .. who cares.

[waldron] 08/3/2006 10:48

Numis Securities Lifts Travis Perkins Target

Wednesday, March 08, 2006 5:16:14 AM ET
Dow Jones Newswires



0903 GMT [Dow Jones] Numis lifts Travis Perkins (TPK.LN) price target to 1700p from 1625p after FY results came in ahead of expections. "We believe...the market should take some comfort from today's statement, and believe that the share price will continue to rise over the next few months," it says. Maintains add rating. Shares trade +8.2% at 1,622p. (DWE)

[waldron] 08/3/2006 08:12

Travis Perkins FY pretax flat; expectations for 2006 unchanged UPDATE

(Adds more detail from Travis statement)
LONDON (AFX) - Travis Perkins PLC, the building materials firm that acquired
DIY retailer Wickes in late 2004 and issued a profit warning last November, has
reported an expected flat pretax profit for 2005, with its performance dragged
down by a DIY price war and the decline in UK consumer confidence.
The group said that with the important Easter period approaching it is too
early to change its expectations for 2006 as a whole, but noted it has made a
"satisfactory" start with merchanting volumes ahead of expectations.
"Although there are signs that our markets are likely to recover, we expect
the first half year to remain challenging, with any recovery coming in the
second half year," it said, predicting its profit performance in the second half
of 2006 will be stronger that the corresponding period in 2005.
Travis pointed to a slow down in the expansion of capacity in both UK DIY
and trade markets, with its DIY competitors closing stores and rival merchants'
appetite for expanding their networks waning.
"This should have a beneficial effect on the performance of like-for-like
stores and branches," it said.
"The work we have done to reduce costs and capture synergy benefits and
buying gains leaves us well positioned to benefit from any improvement in
volumes in both merchanting and retailing. Our cash flow remains strong and we
expect to continue to expand our networks and further reduce our net debt."
For the year to Dec 31 the Travis made a pretax profit under new IFRS
accounting rules of 206.7 mln stg -- in line with the guidance in November's
profit alert and compared to a restated 206.5 mln stg in 2004. Prior to the
warning analysts were forecasting some 20 mln stg more.
Travis blamed price led promotional activity by competitors, such as
Kingfisher PLC' B&Q, GUS PLC's Homebase and MFI Furniture Group PLC as well as
the general deterioration in UK consumer confidence for the profit shortfall.
Turnover increased 44.4 pct to 2.64 bln stg, reflecting the contribution of
Wickes, acquired for 950 mln stg in December 2004.
"Although 2005 has been more challenging than recent years, our businesses
have performed well against sector peers and the group has made good progress,
both strategically and operationally," said chief executive Geoff Cooper.
The group defended the purchase of Wickes, which some pundits believe was
badly mistimed.
"In acquiring Wickes, we estimated that the DIY market would turn down, but
not by as much as the eventual out turn," it said.
"With the prospect of further synergies, attractive operational gearing and
expansion potential, and prospects for a return of normal market growth we are
confident of generating attractive returns from this investment."
Travis is paying a total dividend of 34.0 pence, an increase of 11.5 pct,
payable from basic earnings per share of 116.8 pence, a fall of 6.1 pct.
Shares in Travis closed Tuesday at 14.98 stg, valuing the business at 1.82
bln stg.

[e-mail]
jdd/jfr

[jaafar1] 08/3/2006 07:48

Travis Perkins delivers flat profits
08 March 2006 07:24:00
Despite soaring turnover, the subdued retail markets left Travis Perkins's profits flat over the last year and the outlook remains challenging.

"We have recently seen gradually improving trends in lead indicators; consumer confidence is rising, although continued inflation in non-discretionary living costs will mean any recovery in spending by consumers, particularly for home improvement projects, will be gradual," said Travis Perkins.

The group added that when acquiring Wickes, it estimated the DIY Market would turn down, but not by as much as the eventual out turn.

Travis Perkins reported a pre-tax profit of £206.7m for the year to December from £206.5m a year ago. Turnover soared 44% to £2.64bn against £1.83bn. Operating profit went up 23% to £268.0m.

"We have made a satisfactory start to 2006 with merchanting volumes ahead of expectations. Although there are signs that our markets are likely to recover, we expect the first half year to remain challenging, with any recovery coming in the second half," said Travis.

Total dividend per share goes up 11.5% to 34.0p.

[waldron] 08/3/2006 07:46

Travis Perkins FY pretax flat; expectations for 2006 unchanged

LONDON (AFX) - Travis Perkins PLC, the building materials firm that acquired
DIY retailer Wickes in late 2004 and issued a profit warning last November, has
reported an expected flat pretax profit for 2005, with its performance dragged
down by a DIY price war and the decline in UK consumer confidence.
The group said it is too early to change its expectations for 2006 as a
whole, but noted it has made a "satisfactory" start with merchanting volumes
ahead of expectations.
"Although there are signs that our markets are likely to recover, we expect
the first half year to remain challenging, with any recovery coming in the
second half year," it said.
For the year to Dec 31, Travis made a pretax profit under new IFRS
accounting rules of 206.7 mln stg -- in line with the guidance in November's
profit alert and compared to a restated 206.5 mln stg in 2004. Prior to the
warning analysts were forecasting some 20 mln stg more.
Travis blamed price-led promotional activity by competitors, such as
Kingfisher PLC's B&Q, GUS PLC's Homebase and MFI Furniture Group PLC as well as
the general deterioration in UK consumer confidence for the profit shortfall.
Turnover increased 44.4 pct to 2.64 bln stg, reflecting the contribution of
Wickes, acquired for 950 mln stg in December 2004.
Travis is paying a total dividend of 34.0 pence, an increase of 11.5 pct,
payable from basic earnings per share of 116.8 pence, a fall of 6.1 pct.
Shares in Travis closed Tuesday at 14.98 stg, valuing the business at 1.82
bln stg.
[e-mail]
jdd/tc

[blueyonder] 27/2/2006 15:42

Anyone got a clue which way from here? ?

[mickconn11] 09/2/2006 19:33

Goldman Sachs... fall overdone.....blah blah.... upside into recovering consumer market... blah blah.. ..when is the last time one of them went to Wickes to buy a screw.

Can't they read the numbers.

I didn't think I'd see this stock at this price again but here it is.

[waldron] 17/1/2006 09:53

Goldman Lifts Travis Perkins To Outperform

Tuesday, January 17, 2006 4:11:30 AM ET
Dow Jones Newswires



0754 GMT [Dow Jones] Goldman Sachs upgrades Travis Perkins (TPK.LN) to outperform from in line, saying it believes its share price fall is overdone and the stock offers an entry into a recovering UK consumer market in 2006. Estimates 10% upside to its 1,650p fair value and expects a turnaround at the company, which was hit after last year's acquisition of Wickes. Shares closed at 1,490p. (SPM)

[fud2] 12/1/2006 08:19

Hope you all got on board here...+20% so far...further to go?

[waldron] 11/1/2006 19:03

Travis Perkins still sees 2005 adjusted pretax profits of at least 205 mln stg

LONDON (AFX) - UK builders merchant Travis Perkins PLC has reiterated
previous guidance for 2005 profits.
In a trading statement, the group said it still expects adjusted pretax
profits of "not less" than 205 mln stg for the year to 31 December -- in line
with a previous update.
The statement came ahead of a presentation to analysts and investors on
Thursday.
Travis Perkins will publish its full-year results on March 8.
[e-mail]
sd/ak

[olivia5] 26/12/2005 22:42

Travis Perkins PLC - Holding(s) in Company
RNS Number:3840UTravis Perkins PLC18 November 2005 TRAVIS PERKINS PLC ('the Company') Holding in CompanyThe Company has received notification today that on 15th November 2005 BarclaysPLC, through the legal entities listed below, are interested in 5,319,557ordinary shares of 10p each, representing 4.40% of the Company's issued sharecapital.Legal Entity HoldingBarclays Global Investors Japan Ltd 136,572Barclays Bank Trust Company Ltd 2,795Barclays Capital Securities Ltd 73,679Barclays Global Investors Ltd 2,724,495Barclays Private Bank Ltd 1,600Barclays Global Investors, N.A 1,764,963Barclays Global Fund Advisors 25,427Barclays Global Investors Australia Ltd 57,244Barclays Global Investors Canada Ltd 6,117Barclays Global Investors Japan Trust & Banking 138,734Barclays Life Assurance Co Ltd 264,534Gerrard Ltd 123,397Total 5,319,557 This information is provided by RNS The company news service from the London Stock Exchange

[Abuse team] 26/12/2005 22:19

Post removed by ADVFN

[olivia5] 26/12/2005 22:04

no house crash. Revival story?

[fud2] 07/12/2005 09:17

Rumours of Takeovers surfacing given low share price.Government initiatives will feed through and there is still major consolidation to take place in building supply.Watch this space!

[waldron] 30/11/2005 09:34

Smith Barney Cuts Travis Perkins Target

Wednesday, November 30, 2005 3:36:57 AM ET
Dow Jones Newswires



0717 GMT [Dow Jones] Smith Barney cuts Travis Perkins (TPK.LN) price target to 1,415p from 1,760p, but reiterates its buy rating. Notes the stock has pulled back 35% from its peak as DIY troubles at Wickes have taken earnings down 30%. Says if B&Q continues to price aggressively there could be another cut to come. However, argues "the recent up-trend in mortgage approvals suggests that the RM&I market should be improving by the second half of 2006." Says when the cycle turns the financial leverage is such that earnings momentum back up will be "significant." Thus, on a two-year view, given a moderate recovery in its markets, "it would be possible to envisage the shares back at 1800p-1900p levels." Shares closed at 1,288p. (PBA)

[waldron] 30/11/2005 08:03

Kingfisher Q3 profit slumps 21 pct on B&Q woes

LONDON (AFX) - Kingfisher PLC, Europe's largest home improvement retailer,
has reported a 21.4 pct slump in third quarter retail profit with the vast
majority of the fall accounted for by its troubled B&Q unit in the UK.
For the three months to end-Oct 2005 the group made a retail profit --
stated before central costs, exceptional items and share of joint venture and
associate interest and tax -- of 157.1 mln stg compared to analysts' forecasts
of 138-161 mln stg, with a consensus of 146 mln stg, and down from a restated
199.8 mln stg last time.
This was achieved on retail sales up 6.8 pct to 2.07 bln stg, with sales on
a like-for-like basis, which strips out the impact of new and closed space, down
0.3 pct.
Within this B&Q's retail profit crashed 53 pct to 50.3 mln stg on sales down
3.9 pct. Its like-for-like sales fell 8.4 pct, having been down 7.0 pct in the
first half.
"The UK retail environment continues to weaken, significantly impacting
B&Q's sales and profits," said chief executive Gerry Murphy.
"We have taken firm action to support sales and manage costs and to ensure
that B&Q is well placed for market recovery."
He noted that outside the UK, where Kingfisher generates half its sales,
third quarter sales increased 15 pct, while profits were up 9 pct.
The UK DIY market deteriorated significantly over the summer with UK
consumers feeling the pinch from escalating energy costs, higher taxes and
pension contributions, rising debt burdens and a weak housing market.
Earlier this month Travis Perkins PLC, which owns Kingfisher rival Wickes,
issued a profit warning blaming an escalating price war, while Homebase owner
GUS PLC made some cautious comments on prospects for the next 12 months. MFI
Furniture Group PLC and privately-owned Focus are also struggling.
In September, Kingfisher signalled a shift in strategy at B&Q. It is
focusing on driving higher sales from existing stores. It is lowering prices and
wooing more female shoppers by offering a broader range of products.
It also moved to cut costs with 22 B&Q stores in markets already well served
by other outlets to close. Also 16 of B&Q's larger Warehouse stores will be
converted to the new mini-Warehouse format, releasing space that will be
marketed to other retailers. In all B&Q's total selling space will fall by 7
pct.
The new strategy for B&Q is being complemented by Kingfisher's new UK Trade
project, comprising Screwfix Trade Counters and a new Trade Depot format. This
will target the 50 bln stg market for trade and building materials.
Prior to an April 27 first quarter profit alert the market's consensus
estimate for the retailer's year to end-January 2006 was an underlying pretax
profit of about 690 mln stg. Analysts are now forecasting about 440 mln stg.
They are also concerned about the sustainability of Kingfisher's dividend, 10.65
pence last time.
Kingfisher shares closed Tuesday at 220-1/4 pence, valuing the business at
5.17 bln stg.
jdd/tc

[cashbunny] 24/11/2005 20:30

No good news for Tragic Perkins till the spring, then a few months before sales figures filter in. Dont buy this stock.