Travis Perkins Share Discussion Threads

[cockneyrebel] 22/10/2011 14:57

Did you read Belway's results this week?

Builders seem to be selling more houses imo.

Chart starting another leg up here imo.

CR

[wad collector] 17/10/2011 07:47

To look at the way the economy has been going it might come as something of a surprise that builders' merchant and DIY retailer Travis Perkins has managed to book a 5.9% rise in like-for-like turnover for the nine months to the end of September. The valuation of just 9.3 times full-year forecast earnings is undemanding. And it is true that Travis Perkins has been doing remarkably well; it could continue to gain market share, but it will have to work hard to maintain momentum given the pressures on its market. We would also note that it is not as if there is the compensation of a chunky yield, which stands at a prospective 2.5% for this year, rising to 3% next year. Avoid, says the Independent.

Wrong so far!

Other brokers more upbeat:



Date Broker name New Price Old price target New price target Broker change
12-Oct-11 Investec Securities Hold 865.00p 800.00p - Reiteration
10-Oct-11 Seymour Pierce Buy 816.00p 1,175.00p - Reiteration
10-Oct-11 Liberum Capital Hold 816.00p 1,280.00p 900.00p DownGrade
10-Oct-11 Peel Hunt Limited Hold 816.00p - 780.00p New Coverage
05-Oct-11 Panmure Gordon Buy 743.50p 1,250.00p - Reiterati

[hyper al] 12/10/2011 10:28

amazed at that statement

:)

[cockneyrebel] 12/10/2011 10:07

Chart breaking out.

CR

[zimzoot] 02/9/2011 18:18

Seriously .. I would wait till after the crash....recession never left us and the data not even out yet is far worse!! Ask the guys on the street.

Going long is suicide at any price now...few big players who call the shots are selling...so follow the money...OUT.

ignore brokers issuing BUY notes (99 buy to 1 sell) thats what they paid for :)

Sit and watch it out ... till the dow is less then 8000
Even then buy a stock whats going to do well in recession :)



UK construction new orders suffer biggest fall since 1980
Cuts to school building partly to blame – although private sector housebuilding remains muted and shopping centre construction has almost ground to a halt

[macau] 02/9/2011 16:18

Good summary ZimZoot and tend to agree ref profit warning..hence I sold today or rather was "stopped out". May be tempted back in around 700p

[hyper al] 02/9/2011 15:04

jeffian

"when the economy turns"

The only problem is that could be 10-15 years away, that's if it ever turns.

[zimzoot] 02/9/2011 14:56

Outlook very poor
Goldman Sachs sell rating

The U.K. construction sector grew at the weakest rate for eight months in August, while new orders fell to the lowest level for more than 30 years in the second quarter, data showed Friday.

Office for National Statistics said new orders in the construction industry slumped in the second quarter to their lowest level since 1980



Profit warning to come at this rate...

[wad collector] 18/8/2011 14:25

I like the 1340p target from June.In my dreams!

[jeffian] 29/7/2011 10:22

Other than that markets are generally gloomy at the moment, I don't see why TPK has been marked down today on what looks to me a pretty solid set of results. At the headline level, they are managing to keep their heads above water in retailing - bound to be the most stressed part in current economic conditions - and are doing rather well in merchanting, but besides continuing to move ahead in a difficult market, they are building (no pun intended) a really strong position vs. competitors which should stand them in good stead when the economy turns. It looks as if they're trading on a PER of no more than 10-11x current year's earnings which seems modest to me.

[nellie1973] 28/6/2011 16:57

Broker note-Buy-target 1340p

[jeffian] 30/5/2011 22:30

Interesting that Wolseley are putting some of their UK businesses up for sale. Less competition and another chance for TPK to grow market share?

[wad collector] 16/5/2011 11:39

Latest broker guesses

2011 2012
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
ING Financial Markets
12-05-11 HOLD 109.70 27.42 127.90 42.64
Davy Stockbrokers
10-05-11 None 91.00 22.60 103.50 30.50
Investec Securities [R]
06-05-11 HOLD 279.61 83.86 18.00 312.17 94.91 21.60
Numis Securities Ltd
05-05-11 ADD 92.70
Panmure Gordon
05-05-11 BUY 296.00 88.70 19.90 340.00 102.00 25.00
SG Securities [R]
02-05-11 SELL 78.26 21.00 93.98 30.00
Shore Capital [R]
29-04-11 BUY 287.20 85.60 25.00 316.50 94.30 29.50
The Royal Bank of Scotland NV
18-04-11 BUY 290.99 84.66 25.00 333.52 98.70 31.25
Goodbody Stockbrokers
07-04-11 BUY 87.60 22.00 104.40 28.00
Seymour Pierce

[lanzarote666] 28/3/2011 16:38

Goodbody maintains Buy rating - target 1390p

[jeffian] 08/3/2011 12:01

Thanks, Hyper. You're a gent.

[hyper al] 08/3/2011 11:10

jeffian

Sorry about that, added back.

Not sure why I removed header on this one.

Still not recovered my SIPP losses from PRM, will do before I can draw from the SIPP, but the government will probably push that date back.

[jeffian] 07/3/2011 16:13

Where's the header post gone?

Hyper Al, can we have our graphs back, please?

[wad collector] 25/2/2011 08:45

Chairman just bought 150k worth.Presumably cause of todays early rise.

[nellie1973] 24/2/2011 14:40

Broker upgrade

[wad collector] 23/2/2011 09:03

PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2010


GROWTH IN A FLAT MARKET DRIVEN BY OUTPERFORMANCE IN EVERY BUSINESS
FINANCIAL HIGHLIGHTS
-- Group revenue up 8% at GBP3,153m, up 5% on a like-for-like
basis
-- Adjusted profit before tax up 20% to GBP217m
-- Adjusted EPS up 5% before consolidating BSS, up 3% to 77.2p
on a reported basis
-- Adjusted group operating margin before BSS impact increased
by 0.1% to 7.8%
-- Net debt reduced by GBP205m before the effect of the BSS
acquisition and the one-off pension contribution
-- Year end net debt was GBP774m. Adjusted net debt to EBITDA
was 1.92x (note 12)
-- Travis Perkins pension fund into surplus of GBP32m
-- Final dividend of 10p per share making a total dividend of
15p per share
-- BSS acquisition completed on 14 December 2010 for GBP799m
enterprise value
OPERATING HIGHLIGHTS
-- All 11 group businesses performed better than the market
with outperformance of around 4% in merchanting and around 6%
in retail
-- Focus on operating and financial performance maintained against
background of completion of the acquisition of BSS
-- Strong like-for-like performance in merchanting with increase
of 7.3%
-- Retail like-for-like sales increase of 0.2%




I see the pension deficit had been closed , but opened again as there is a £40M deficit in the BSS fund.

[wad collector] 22/12/2010 11:01

Told you I was new to Travis Perkins : I meant TPK.
I shall shut up again.

[jeffian] 20/12/2010 23:22

Who's TVP?

8-)

[wad collector] 20/12/2010 23:16

As this lot has bought my BSS shares I have by default become a TVP holder.
I see this BB is clearly buzzing , but steady risers never generate much interest , so I shall shut up and hold.

[nellie1973] 16/12/2010 08:18

Another broker upgrade