Travis Perkins Share Discussion Threads

[m.t.glass] 22/5/2005 13:13

"..through improved prices.."

I don't know if it's still the case, but Baggeridge always used to rely on architects specifying its products and enforcing the contractor's purchase of them, in the face of rival makers sometimes offering more competitive prices. They were able to convince architects that the cheaper alternatives were of less reliable and consistent quality. Quality control was always a Baggeridge strong point. Decades ago I visited several of their brickworks around the Black Country (where they first emerged as a sideline alongside the Earl Of Dudley's coal mines, mixing shale with the local clay) and was always impressed by their genuinely superior cs and qc methods, compared with what i saw elsewhere. I don't know if they still have that edge.

If they are relying on selling at a premium price, I presume they think their argument is still convincing.

[mickconn11] 20/5/2005 21:33

Madgooner. Good post. Wasn't aware of BGBK until your post. Cap at £66m so the market can or chooses to ignore it but the writing's on the wall.

[madgooner] 18/5/2005 07:44

Shares in Baggeridge Brick fell 10 pence to 158-1/2 after
the brick maker revealed a 29 pct drop in half-year profits.
It blamed higher energy costs and more difficult market conditions since
last summer.
Pretax profit fell to 2.26 mln stg from 3.17 mln in the year-earlier period
as sales declined 3.8 pct to 23.75 mln.
"Second-half performance relative to the comparative period last year will
depend on the strength of the UK brick market and our ability to recover,
through improved prices, increased energy costs faced by the whole of our
industry," said chairman Alexander Ward.

[m.t.glass] 17/5/2005 23:51

I am watching TPK - partly to see how exactly they plan to operate/differentiate the builders merchants branches from the DIY stores. Among the DIY stores, Wickes has always avoided lighting, wallpaper, garden plants, and therby been a bit more like a builders merchant. (I was always worried that when it came under Focus ownership it might stray into petfoods, mirrors, etc)

I regularly shop for timber and other stuff at Wickes on the Carmarthen road out of Swansea. There is a TravisPerkins branch close by on the same trading estate. There is a B&Q on the adjacent trading estate. When the "For Rent" signs went up the Wickes shed I assumed Travis were closing that one, to reduce proximate duplication. But they've built a new bigger Wickes store next to B&Q and it opens in 8-9 weeks time. I shall want to see how the TPK and Wickes depots complement each other before I pass judgement on the wisdom of whatever they are doing before i take a position.

[madgooner] 29/4/2005 09:21

There you go, Citgroup - buy.

[madgooner] 27/4/2005 13:06

A weak 'in line' trading update, but should provide some ('temporary'?) respite for the recent slide.

[hyper al] 21/4/2005 08:22

In Edinburgh there are 3 keylines, 1 Plumb Centre and 1 Wickes within a mile of each other!

2 of the Keylines are on a massive plot in Leith.

Love to see what happens to the share price if they ever consolidate.

[hyper al] 21/4/2005 06:41

Many thanks for you list.

With so many stocks available, it certainly helps to be pointed in the right direction.

I will do some research into your selection.

I kept going on about an excellent company called Proteome Sciences to all my friends and relatives, I did not suggest they purchased the shares, but they did, they then crashed from £2,15 to 60p.

I am very cautious, research is everything

Regards

Hyper Al

[hyper al] 20/4/2005 07:15

d.j. derry

I am going to use this stock as a safe haven for my profits taken from my high risk holdings within my SIPP.

This is the first of about 5 stable long term stock, I wish to use for this purpose. Can you suggest any others that I should look at?

[d.j. derry] 19/4/2005 21:06

Hyper,that may not be such a bad thing.I've been looking at them for some time,pe of 11.5 and eps growth of circa 16%.They look a fairly interesting long term investment.

[hyper al] 19/4/2005 17:26

I'm all alone on this one!

[hyper al] 19/4/2005 15:35

not a bad day

[hyper al] 19/4/2005 10:49

Their E-commerce business

[mickconn11] 08/4/2005 10:32

Large line of stock traded.

450,000 at 1681 at 11.14a.m.

Market price now is 1730-1731.

If the best price they could get is 50p below market price this suggests that the price is going down.

Worth a look.

[waldron] 14/3/2005 14:57

LONDON, March 14 (newratings.com) - Analysts at Morgan Stanley maintain their "overweight" rating on Travis Perkins (TPK.ISE), while reducing their estimates for the company. The target price has been raised from 1939p to 1953p.

In a research note published this morning, the analysts mention that the company's share price has substantially depreciated, by more than 10%, over the last five days. Travis Perkins' prospects in the near future appear to be healthy, since the company possesses a robust operational management, healthy track record related to synergies and focus on profitability, the analysts say. The EPS estimates for 2005 and 2006 have been reduced from 152.0p to 148.5p and from 178.7p to 174.8p, respectively.

[ariane] 07/3/2005 13:04

(adds detail throughout)
LONDON (AFX) - Travis Perkins PLC reported profits in line with expectations
for the year to Dec 31 2004 and said early work on the recently acquired Wickes
DIY chain confirms expected synergies from the deal.
The builders merchant turned in a profit before tax, goodwill and
exceptionals of 207.8 mln stg, up from 178 mln a year earlier and within market
expectations for profits on this basis of 205-212 mln.
Pretax profit was up 17 pct to 190.4 mln stg for the year on turnover of
1.83 bln stg, up from 1.7 bln. Group like-for-like sales were up 1.8 pct.
The board raised the final dividend 25 pct to 21 pence from 16.8 pence for a
total payout of 30.5 pence, up from 24.4 pence.
Chief executive Geoff Cooper said the group has made a good start to 2005.
He said the group is delighted with the 2004 results, which included a
record number of smaller acquisitions and brown-field openings. At the start of
2005, the group's trade in the RMI sector is ahead of expectations, he added.
Despite a slowing of consumer spending in February, as experienced by many
retailers, Cooper said the group sees enhanced earnings growth from the Wickes
acquisition.
"We will continue to grow our business by investing in a plentiful supply of
opportunities for TP acquisitions and for new sites for both Wickes and for
merchant branches," he added.
In the year under review, the overall operating margin, before goodwill
amortisation, moved up again, from 11.4 pct to 11.9 pct, as a result of further
improvements in procurement, overhead efficiencies gained as the group grew and
the group's overall culture of continuous improvement, Cooper said.
He said City Plumbing Supplies ("CPS") and Commercial Ceiling Factors
("CCF") performed well during a period of considerable restructuring in both
businesses. Jayhard and B&G have now been fully integrated into the CPS
management structure and significant investment was made in the acquired
branches last year, with further similar investment planned for 2005.
Gross profit as a percentage of sales improved further on a like-for-like
basis.
He said the board sees "significant additional scope" for profitable growth
of the Travis Perkins, Keyline, CCF and CPS brands through the continued
strategy of acquisition of regional groups and independent merchants, and the
opening of brown-field sites.
[e-mail]
slm/

[ariane] 07/3/2005 13:04

LONDON (AFX) - Travis Perkins PLC year to December 31 2004
Sales - 1.83 bln stg vas 1.68 bln
Pretax profit before goodwill - 207.8 mln stg vs 178 mln
Pretax profit - 190.4 mln stg vs 162.7 mln
Operating profit before amortisation goodwill - 218.2 mln stg vs 191.4 mln
Operating profit - 200.8 mln stg vs 176.1 mln
Adjusted EPS before goodwill- 129.1 pence vs 110.0
EPS - 113.9 pence vs 96.5
Final div - 21.0 pence vs 16.8
Total div - 30.5 pence vs 24.4

vjt/

[maywillow] 28/2/2005 10:19

RNS Number:1006J
Travis Perkins PLC
28 February 2005


Travis Perkins Results

Travis Perkins plc advises that its preliminary results for the year ended 31
December 2004 will be announced on Monday 7 March 2005.

Issued on behalf of Travis Perkins plc by Tavistock Communications Limited
(contact Keith Payne, tel: [phone]).



This information is provided by RNS
The company news service from the London Stock Exchange

END
NORBVLFLELBBBBD

[scarface01] 03/2/2005 16:29

is EK still short on this? ouch!

[coolharp] 20/1/2005 18:30

trading on a pe of 20. this baby is a very big short op sub 1400 . if wicks deal falls through. which is still poss its gunna dive. if its approved its over price sell sell sell sell as soon as poss

[andy2cu] 30/12/2004 09:36

Any idea on a price for these once the merger has gone through?
I have a small holding of 330 shares, an extra couple of quid would be rather nice, or has this already been shown in the recent increase.
My calculator says £23.50?

ie market cap 1.966bn shares in issue 114.7m = 17.06 per share.

after issue

market cap 2.85bn shares in issue 119.7m = 23.50 per share.

So it looks good on paper, but not everything is as easy as that is it!
Still I am just a learner.

Your thoughts please.