Travis Perkins Share Discussion Threads

[veg man] 04/9/2009 15:23

Are they worth a punt yet,or do they need to rise above the 20 day av first.Any comments please.

[jeffian] 25/8/2009 12:13

This has held up remarkably well. Positive statements coming from the housebuilders must help (PSN today). 130% up on the Rights Issue. Which is nice!

8-)

[monsta2] 31/7/2009 09:24

i see what youre saying cr but am out now. last time it got past 8 quid it fell 3 quid the month after. director sell has spooked me a bit plus its gone up too quick. will be back if it gets to 650

[cockneyrebel] 31/7/2009 07:25

In producing £90m of pre-tax profits over the past six months, Travis Perkins, the owner of Wickes, is already two-thirds of the way towards booking the numbers that the City was expecting for the year as a whole. At 769¾p, the shares trade at 15 times next year's earnings, carry no dividend, and have nearly trebled since January - but should have farther to run. Buy on weakness says the Times.

CR

[cockneyrebel] 30/7/2009 18:27

I think after today's results these are going to £9 - funds want in imo. The thing is these funds have to buy when they can, not when they love the valuation because they are racing each other to get back in imo.

Hence if there is any pull back I think it will be very small before another leg up.

Reckon we might see 850p tomorrow before these slow up.

CR

[monsta2] 30/7/2009 18:24

whats ur target cr

[cockneyrebel] 30/7/2009 17:56

No sign of Maximillian today - down the burns unit after this morning's open I bet :-)

CR

[cockneyrebel] 30/7/2009 17:55

one director selling - nothing imo Monsta2 - the guy's probably been tied in for a couple of years with the credit crunch, might have some mortgage or debt he wants rid of in this climate.

Reckon these will be tipped in the press tomorrow or at the weekend.

Thanks stromboli1

CR

[stromboli1] 30/7/2009 17:28

CR: Hats off you.

[monsta2] 30/7/2009 16:56

director selling today

[cockneyrebel] 30/7/2009 10:42

Retail especially kitchens doing well - might be good read across for Topps Tiles there - they have a trading update tomorrow I think

CR

[cockneyrebel] 30/7/2009 08:06

0630 GMT [Dow Jones] Travis Perkins (TPJ.LN) 1H figures in its interim results are strong says an analyst. Notes 1H EBIT is down 25% but still better than expectations and free cashflow looks good. Says the group expects to trade ahead of its competitors through the recession and also sees the DIY business as having troughed in 1Q. Shares closed Wednesday at 700.0p. (ANT)

CR

[cisk] 30/7/2009 07:45

Results out - debt down, free cash flow up, steady as she goes.

TP keeping costs in control - interesting comments about smaller competitors going under, in this market only the best will survive - looks like TPK will be among them....

TRAVIS PERKINS PLC
INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2009

FINANCIAL HIGHLIGHTS
* Revenue down 13%
* Profit before tax down 27%
* Net debt reduced by GBP491m (including GBP300m rights issue) and gearing now 36%
* Free cash flow up 43% at GBP196m
* Net debt to EBITDA ratio down to 1.7 times
* Industry leading operating margin of 8.7% for Merchanting and 7.2% for Retail
OPERATING HIGHLIGHTS
* Network maintained, with only 3 closures out of 1,223 branches
* Trading tactics adapted successfully to maximise profits and cash
* Overhead reductions ahead of plan with cost base anticipated to be lower by
GBP60m in 2009
* Gross margin erosion limited to 30 basis points
* Strong kitchen-led retail performance

[cockneyrebel] 29/7/2009 20:27

Too late now, results tomorrow.

CR

[josels] 29/7/2009 14:45

Is this a short or a buy before results.? I wonder
construction sector is not good this days.
But who has the coraged to short this?

[nigel123] 28/7/2009 17:43

nice upgrade, good news on thurs should result in a leg up

[cockneyrebel] 28/7/2009 11:27

Dunno which is correct, seems Dow Jones might have it wrong and it'd DB that have upgraded - the quotes are oo similar to be two upgrades imo.

CR

[cockneyrebel] 28/7/2009 11:26

0911 GMT [Dow Jones] Royal Bank of Scotland upgrades Travis Perkins (TPK.LN) to buy from hold and the target price to 840p from 478p. Brokerage says that covenant pressure has been negated, with GBP300M of new equity and GBP600M of debt fixed at just 3.0%. "Travis Perkins can now continue to deliver best in class operational performance in tough markets, with consolidation capacity should opportunities arise," RBS adds. Shares -0.1% at 693p. (ISD)

[cockneyrebel] 28/7/2009 11:24

BROKER CALL: Deutsche a convert on Travis Perkins
28 July, 2009 08:44:03 AM


Deutsche Bank has gone to buy from hold and raised its price target to 840p from 478p on the back of the Wickes owner's recapitalisation. Broker says: 'Covenant pressure has been negated, with £300m of new equity and £600m of debt fixed at just 3.0%. Travis Perkins can now continue to deliver best in class operational performance in tough markets, with consolidation capacity should opportunities arise. We upgrade to Buy following research restrictions.'

[hyper al] 28/7/2009 09:42

why a buy?

Speaking to guys in local keyline and city plumbing stores (various branches) they say the current situation at the outlets is dire.

Was it Trvis that were going for Howdens? A guy at Howdens said it could not happen for legal reasons, something to do with one of directors having a conflict of interest.

[cockneyrebel] 28/7/2009 08:10

*Dow Jones: Travis Perkins Raised To Buy From Hold By Royal Bank of Scotland

CR

[nigel123] 27/7/2009 18:07

stopped out @ 697

[maximillian1] 27/7/2009 11:56

Ok


Watch this happen hit 732....drop 612 within 3 days

[cockneyrebel] 25/7/2009 19:35

Who shorts as the FTSE 250 is just breaking out?



And as the FTSE100 is about to breakout and all the US indicies are breaking out?

And despite the duff chart in the header TPK is breaking out too - it's just gone through the May 7th high.

Short what you see, not what you hope for imo.

Trading update next week - there will be plenty buying in ahead of that in the hope for news that surprises to the good - with so much bad news priced into stocks.

CR