Travis Perkins Share Discussion Threads

[18bells] 01/3/2018 08:12

I noticed the plumbing section is not doing well for TP. I do wonder if the district heating concept mostly associated with new builds is slowly biting into the alternative heating market. District heating is marketed as if it will reduce co2 and cost no more than alternatives. However there are a few issues within the sector and noticeably the sector created a self regulator to help steady the ship. I took Eon to court last year as they claimed their heat networks would not cost more than alternatives. They offer a "price promise guarantee" and "fair price policy". My supporting material showed Eon's comparator was based on an oversized combi boiler more suited towards a 4-5bed house. The equipment managed by the energy giant is a heat-only unit in 2bed flat. On a like for like basis the heat supplier should have used a regular gas boiler. By using an inaccurate alternative also meant quoting a shorter boiler lifespan leading to annual gas boiler cost twice that of a regular gas boiler. Also the comparator between the energy heat verse gas was also unfair. Eon suggested the alternative gas boiler could have been only 80% efficient therefore the heat used should by multiplied to seek a gas usage. Research showed not only building regulations insist new installations must be 86% but eon advertise their gas boilers have guarantee efficiency levels of 94%. The district heating customer is getting a raw deal. Also stated in my witness report the equipment provided has limited insulation, a 20kW heat plate for a combined space heat demand of 4kW and a control valve that encounters a 2min opening delay. Combining 3 issues the customer encounters an avoidable heat consumption on was supposedly an environmental friendly heating system!During the first hearing EONs barrister suggested I had a problem with the Heat Trust (a customer protection scheme that acts like a regulator). The judge asked me why I disproved and I simply explained the Heat Trust features several directors and one is in fact the gentleman who responded to my original complaint at Eon as Head of community Heat (Jemery Bungey). The Eon barrister then introduced Mr Bungey as the gentleman sitting in the row behind her! It appeared the customer protection scheme did not inform the customer their director would in fact be sitting on the energy giants bench!!! Not only did I have no legal representation but I was now facing the regulator as well as Eon and their legal team. I also highlighted the heat boxes consume more energy but such is not factored in their fair price policy nor in the customer protection online comparator!! District Judge Bard requested new witness statements and a second hearing. The session ended with the warning "we could be on the tip of an iceberg". 4 months later the case was scheduled for a full day at the Royal Courts of Justice County Court. Eon and their legal representation did not make an appearance. The judge delayed the hearing but eventually the case went ahead. Judgement went against the defendant who was ordered to by approximately £900 plus £180 court fees. Works out over 3years we paid £300 more per year than if using gas heating. According to Companies House Mr Bungey resigned from the Heat Trust six days after court judgement. As far as I'm aware the Heat Trust did not release a public statement relating to his departure. There are thousands of customers out there who are under the impression their district heating costs no more than alternatives. Some may complain and told to visit the Heat Trust website for a fair comparison but there seems to be injustice by the fact some customers are provided with equipment fairly represented by the customer protection scheme!

[turdy] 28/2/2018 20:58

Nice fall in the price. More drops await ?

[eastbourne1982] 28/2/2018 09:35

Pretty much down at a five year low now.

Tough one to call, these were 80 - 90% higher 2 - 3 years ago, obviously overvalued then.

[dealer1972] 28/2/2018 09:18

9% drop! Looking very oversold now! Could be a bounce from here.

[suetballs] 28/2/2018 09:07

Phew - down 7% today on results. Somewhat lucky to have got out.
Suet

[suetballs] 17/2/2018 11:35

Sold out yesterday - can't see any upside in the short term.
Suet

[macmuck] 10/1/2018 14:20

WEll I bought a couple of grand's worth of stuff off them in October and the prices and service at my local were first class!
Machine hire was ridiculously cheap. £20 for a cement mixer for a week! They loaded it too! So they look like a company that has value on all their customers and that makes you want to go back!
Do not ask me about financials though!

[suetballs] 15/10/2017 06:53

Trading announcement next Thursday.
Suet

[sandeep67] 13/9/2017 17:11

director share sales. Not massive amount but aim sure Mar a Market will see this as a negative

[blusteradjuster] 13/9/2017 13:59

Exhausted UK consumer not spending at TPK branches perhaps?

[rsharman] 13/9/2017 12:01

Anybody know what's caused this big fall today

[blusteradjuster] 13/9/2017 10:14

Breaking lower perhaps.

[its the oxman] 31/8/2017 09:53

Just ordered 3 dumpy bags of gravel and 30 slabs. That's got to get the price moving.

[sleepy] 09/5/2017 14:55

Negative BOA Merrill note out this morning?

[spoole5] 09/5/2017 13:32

Anyone know why these are down sharply today? Can't find any news.

[spoole5] 13/4/2017 10:05

Ex divi today

[spoole5] 03/3/2017 15:54

Fall overdone. They were painting a worst case scenario for 2017 yesterday. Responsible management. Quality company. Great cash generation.

[jeffian] 03/3/2017 15:36

And now the CFO has bought 30000 for £429k. Follow the money?

[spoole5] 02/3/2017 18:02

yep, a lot of today's stuff was in the october statement. They really won't have to do too much to outperform expectations after that forward guidance! Although good to hear management telling it like it is or could be, no bs! Nice 70m reduction in debt as well.

[jeffian] 02/3/2017 17:16

I note that the COO has shelled out over £140k to buy 10000 after today's pullback.

[9degrees] 02/3/2017 09:09

Their statement is not easy to read and understand and doesn't flow well - " adjusted profit" is all a bit vague

[spoole5] 02/3/2017 08:46

Sterling will recover at some point though, won't stay weak forever. Lots of housebuilding in next five years. Undervalued.

[rock star] 02/3/2017 08:44

Quality will show through in time. They price shock of imports due to FX could not be passed on immediately to the trade.
These boys are the best of breed.
Difficult to know whether to buy now as the true effects of BREXIT will only hit in a couple of years time.