We design, develop and manufacture the most comprehensive range of plastic piping products in the UK, with over 20,000 products available. Our primary focus is on developing and supporting pragmatic product systems through specific knowledge and understanding of the residential, commercial, civils and infrastructure market sectors. We ensure that customers can trust our significant sales and technical expertise to provide value engineered, fit for purpose piping solutions for the growing diversity and complexity of construction and building technology challenges they face. -

Last year Polypipe generated sales of £301m and adjusted cash profits of £54m, giving an adjusted operating margin of 18 per cent.

Polypipe’s birth as a publicly-listed company comes at a time when the Construction Products Association is estimating that spending on roads, water and sewage, electricity and rail is expected to grow by 8.3 per cent this year, and rising in 2015 by 18.2 per cent. And on the house construction side, output is expected to grow to pre-recession levels some time next year. Given its strong position as the UK’s leading plastic pipe manufacturer, the company could be an interesting one to watch.

http://www.polypipe.com/

Polypipe sets IPO price at 245p a share

StockMarketWire.com

Polypipe Group, a UK manufacturer of plastic piping systems, has priced its IPO at 245p a share, implying a total market cap of about £490.0m at the commencement of dealings.

The Offer comprises 119,999,899 Ordinary Shares, excluding over-allotment arrangements.

The value of ordinary shares sold by the Selling Shareholders is expected to be about £294.0m, assuming no exercise of the over-allotment option.

Conditional dealings begin at 8 a.m. today.


The offer price valued the company at £490m, which as it pointed out, makes it eligible to become part of the FTSE index.



Polypipe’s float marks a return to the stock market for the company after a 14-year absence. It is also the latest unpicking of Caird Capital’s assets, the firm set up to manage the portfolio of legacy investments made by collapsed mortgage lender HBOS. Caird earlier this year also exited convenience store chain McColl’s in one of the first IPOs of the year.

Polypipe was founded in Doncaster in 1980 and made its first London market debut in 1986 before being bought by engineering group IMI (Frankfurt: IMI.F - news) in 1999. The group’s listing is aiming to take advantage in the uptick in the UK’s housing and construction recovery.

Plastics expert David Hall, who remains chief executive, led a management buyout in 2005 backed by US private equity Castle Harlan. In 2007 Castle Harlan exited the business after Bank of Scotland provided Polypipe with £186m of high yield bonds, replacing the private equity group’s investment. Since Lloyd's rescue of HBOS private equity group Caird manages the portfolio of its legacy equity investments via Cavendish.

NOTIFICATION OF MAJOR INTEREST IN SHARES



http://www.moneyam.com/action/news/showArticle?id=4793298

22 May Numis 300.00 Buy

Like the look of this blue skyer, bought in late on friday.

So does the Naked Trader goldfinger - 'Boring Polypipe, well, has been a tad boring so far'.


Yes so far. :-))

Bought in after Shares rec. Nice play on building growth for the next few years.

16 Jun Deutsche Bank 277.00 Hold

A bit different from post 6 - Naked Trader - There are good signs of some buying in boring Polypipe, maybe it won't be boring for much longer

The Naked trader today - There are good signs of some buying in boring Polypipe, maybe it won't be boring for much longer. Patience should pay!

From across the road.........

--------- 3 Jul'14 - 15:37 - 174134 of 174156 0 0

Been adding Polypipe (PLP) recently:

SCSW June Issue @258p. 24% market share of plastic pipes and fittings:

"it’s worth highlighting that unlike much of the building sector, the shares don’t look mad expensive at this point in the cycle. For last year to 31 December Polypipe made £24.5m pretax (eps 10p) but forecasts from Numis for this year and next are £34.6m pretax (eps 14.8p) and £44.6m (eps 18.7p). Those numbers would drop the prospective PE ratio to 17.4 and then 13.8, which would look attractive if, as anticipated, the shares get transferred to the FTSE-250 in future. Buy."

Cheers g.

Should be out saturday. Thats the Tip sheet.

No Yank market tomorrow so fingers crossed hopefully non volatile DC.

fingers crossed.

7 Jul Deutsche Bank 277.00 Hold

Trading Statement

RNS


RNS Number : 5982L

Polypipe Group PLC

08 July 2014








8 July 2014

Polypipe Group plc

Trading Update



Polypipe Group plc ("Polypipe" or the "Group"), a leading manufacturer of plastic piping systems for the residential, commercial, civils and infrastructure sectors, today announces an update on trading for the five months ended 31 May 2014. The purpose of this announcement is to inform the market of progress since the company's IPO in April 2014. Polypipe will report its interim results for the six months ending 30 June 2014 on 18 August 2014.



The Group has maintained its positive trading performance in 2014, with results for the first five months of the year ahead of the same period in the prior year, as well as budget.



Both divisions - Residential Piping Systems division and Commercial and Infrastructure Piping Systems - performed ahead of the same period last year, with Group revenue for the five months ended 31 May 2014 increasing by 11.4% as compared to the same period last year. In addition, Group EBITDA margins improved compared to the same period last year.



As set out in the Polypipe's IPO prospectus dated 11 April 2014, following admission of the Company's shares to trading, the Company issued a redemption notice to the holders of the Group's £150 million 9.5% Senior Secured Notes due in 2015 (the "Notes"). The Notes were refinanced using the Group's new £120 million five year term loan facility and existing cash resources. Polypipe confirms that the redemption of the Notes has now been completed.



The Directors are confident about the current prospects of the Group and the outturn for the financial year.



David Hall, Chief Executive Officer, commented:

"I am delighted with the progress that Polypipe has continued to make following the Group's successful IPO in April 2014. This is a strong performance, even once you factor in last year's market weakness, and we remain confident about the Group's current prospects for the full year

Numis yesterday buy tp 300p, Deutsche today 277p hold

good trading update, surely likely to be benefitting big time with the level of construction now picking up.

24 Jul Deutsche Bank 277.00 Hold

Canaccord Genuity Buy 246.88 244.00 - 281.00 Initiates/Starts

Interim Result
18 Aug 14 Polypipe Group Plc Ords 0.10p [PLP]

Half Yearly Report


Financial Highlights



· Delivering the strategy set out during successful IPO in April

· UK construction market recovery combined with strategic focus on structural growth opportunities led to revenue growth in the UK of 12.9% (Group 11%) over H1 2013

· Improved UK volumes resulted in Group operating profit increasing by 29% to £22.7m1

· Refinancing of Senior Secured Notes successfully completed; significantly reducing future financing costs

· Maiden interim dividend of 1.5 pence per share





Operational Highlights



· Strong demand for residential piping systems from UK housebuilders, increasingly from smaller developers and projects outside of London and the South-East

· Good demand from road and rail projects and the development of high rise, multi-occupancy buildings in London

· Sharp increase in sales of Water Management Solutions, driven by the growing need for flood alleviation schemes

· Strong sales growth in the Middle East and to mining infrastructure projects in Africa



http://www.moneyam.com/action/news/showArticle?id=4869837

18 Aug Canaccord... 281.00 Buy
18 Aug Numis 300.00 Buy

Plus Deutsche 18 Aug, hold 278

13 Oct Deutsche Bank 278.00 Hold

30 Oct Deutsche Bank 278.00 Hold

Dreamcatcher,

You seem to push an amazing number of companies.

On average, how long do you hold them before, or after your postings?

It would be interesting to see the trading spread on some of them.

Just interested.

I personally look at tips, but steer clear of many of them.

No set rules Fred1new. Many are up and coming comps. Some have tailed off and am waiting good re-entry points. Others are long holds due to the current market conditions. I can generally see by the counters that hopefully the threads attract reading interest. The share tips thread is just for a read and may give some readers some ideas.

No relationship with doodlebug?

No.

Interim Management Statement


UK Operations



Revenue in the ten month period ended 31 October 2014 was 13.3% ahead on the prior year as we continued to experience strong market demand in the residential, commercial and infrastructure sectors. We also continued to benefit from our growth initiatives in the areas of Water Management and Carbon Efficient Solutions. The growth rate for the four month period ended 31 October 2014 of 12.1% was achieved against tougher comparables than in the first half of the year, particularly in the Commercial and Infrastructure division. This division also experienced lower growth in export sales during the four month period ended 31 October 2014 as a result of the timing of the seasonal holiday period in the Middle East.



Operating margins in both divisions remain ahead of the prior year after ten months and we expect the full year operating margin percentage for the UK Operations will be in line with the last financial year. The overall operating leverage effect in the second half will be less marked than during the first half due to higher public company operating costs following our IPO in April 2014. During the comparable period in 2013, we also experienced some benefit from improved output as a result of building inventories to meet the upturn in demand.



As part of our drive to increase our presence and capability in carbon efficient solutions, on 28 October 2014 we acquired the business and assets of a small UK ventilation business, Ferrob Limited, for an initial consideration of £0.3m plus an earnout which is dependent on the level of revenue in the year following acquisition. Ferrob Limited is focussed on the public sector housing ventilation market and reported revenue of £0.9m for the year ended 31 October 2014.



Mainland European Operations



The majority of revenue in this segment is generated by our operations in France and sold into the French market.



Revenue for the ten month period to 31 October 2014 was down 8.3% on the prior year. At constant exchange rates the revenue decline over this period was 3.4% with housing starts in France, a key revenue driver for this segment, down 5.7% in the nine month period to 30 September 2014. In the four month period to 31 October 2014, revenue was down 17.0% on the prior year's period and down 11.4% at constant exchange rates. The impact of deteriorating market conditions in France has had a limited impact on the Group operating results as we have been able to flex down our costs in line with the lower revenues. After ten months these operations remain marginally profitable. The adverse currency translation effect on earnings does not have a significant impact on the overall Group operating results.





http://www.moneyam.com/action/news/showArticle?id=4925075

19 Nov Canaccord... 281.00 Buy
19 Nov Deutsche Bank 301.00 Hold
18 Nov Numis 300.00 Buy

2 Dec Deutsche Bank 301.00 Hold

Polypipe Group Ords 0.10p broker views

Date Broker Recommendation Price Old target price New target price Notes
04 Dec Numis Buy 264.88 300.00 300.00 Reiterates
02 Dec Deutsche Bank Hold 264.88 301.00 301.00 Reiterates
19 Nov Canaccord Genuity Buy 264.88 281.00 281.00 Reiterates
19 Nov Deutsche Bank Hold 264.88 278.00 301.00 Reiterates

Tipped over the weekend by SCSW, lifted from advfn.

Signal Update

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 28/11/2014, 10 days ago, when the stock price was 234.0000. Since then PLP.L has risen by +13.68%.

Market Outlook

The bulls are in full control. The negative sentiment that led to the last bearish pattern has evaporated. Besides, the signal is suggesting to STAY LONG. It is best to follow the signal and continue to hold this security.






https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=PLP.L

,

18 Dec Deutsche Bank upgrades 301.00 Buy

3 Feb Numis 300.00 Buy

10 Feb Deutsche Bank 301.00 Buy

Polypipe Group PLC (PLP:LSE) set a new 52-week high during today's trading session when it reached 274.25. Over this period, the share price is up 4.81%.

Finals Thurs 26 March . IC- The UK property market should provide the backdrop for a buoyant set of maiden results from plastic piping manufacturer Polypipe (PLP). In a November trading statement , Chief executive David Hall said full year results would come in at the top end of market expectations.

Final results

Financial Highlights



· Delivering the strategy set out during the Group's successful IPO in April 2014

· UK construction market recovery, combined with our strategic focus on structural growth opportunities, generated revenue growth from UK operations of 12.4% over 2013

· Improved UK volumes resulted in Group operating profit increasing by 16.6% to £46.3m1

· Strong cashflow - cash from operations1 after capex 26.3% ahead of prior year

· Recommended final dividend of 3.00 pence per share

· Exceptional items relate to IPO costs (£12.2m) and IPO related refinancing costs (£8.6m).



Operational Highlights



· Strong demand for residential piping systems from UK housebuilders, increasingly from smaller developers and projects outside of London and the South-East

· Good volumes from road and rail projects and the development of high rise, multi-occupancy buildings in London

· Structural growth opportunities driving the business: significant increase in sales of Water Management Solutions, driven by legislation aimed at reducing flood risk and continued growth in Carbon Efficient Solutions supported by the need for higher performance ventilation systems

· Broadened product offer through two small bolt on acquisitions - the Ferrob Ventilation business in October 2014 and the Surestop business in January 2015

· Improved export performance underpinned by growing presence in the Middle East

Nice buy rec in Investors Chronicle. Long term hold for me. I like the fact they've invested a lot of time and money on many products and have high barriers to entry. Hopeful for a multi-bagger here.

Ic today - Bouyant prospects in vibrant markets such as electricity, water, sewage and roads offer plenty of growth potential for Polypipe. Yet that potential isn't yet reflected in a rating of just 13 times forecast earnings. That represents a hefty discount of about a third to peers Grafton and Howden Joinery.

New highs finally - blue sky ahead...

Trading update

27 May Numis 300.00 Add
27 May Deutsche Bank 315.00 Buy

18 Jun Berenberg 340.00 Buy

30 Jun Deutsche Bank 520.00 Buy

Acquisition

6 Aug Canaccord... 356.00 Buy
6 Aug Deutsche Bank 315.00 Buy

Thurs 20 Aug interims

Please Note - Streaming News is only available to subscribers to the Active Level and above



Completion of Acquisition of Nuaire
RNS
RNS Number : 3688W
Polypipe Group PLC
18 August 2015

18 August 2015



Polypipe Group plc



Completion of Acquisition of Nuaire



Further to the announcement on 5 August 2015, Polypipe Group plc (the "Group"), a leading manufacturer of plastic piping systems for the residential, commercial, civil and infrastructure sectors, is pleased to confirm that it has now successfully completed the acquisition of Nu-Oval Acquisitions 1 Limited ("Nuaire").



The Group will be announcing its interim results for the six months ended 30 June 2015 on 20 August 2015.

Half yearly report

Financial Highlights



· Underlying UK revenue growth of 5.1%, after adjusting for working days.



· 150 bps improvement in Group operating profit margin to 15%.



· 29.2% improvement in adjusted EPS due to strong operating performance and lower finance charges since refinancing.



· Interim dividend of 2.3p in line with policy to pay a minimum of 40% of the Group's profit after tax.



Operational Highlights



· Strategic acquisition of Nuaire in August 2015 to enhance capability to support Carbon Efficient solutions

· Good demand for residential piping systems from UK housebuilders, increasingly from projects outside of London and the South-East

· Improvement in the residential RMI sector

· Good demand from road and rail projects

· Strong increase in sales of Water Management Solutions, driven by planning legislation requiring new sites to contain stormwater to avoid flooding

· Good sales growth in the Middle East

20 Aug Numis 360.00 Add

21 Aug Deutsche Bank 391.00 Buy
21 Aug Berenberg 395.00 Buy
20 Aug Numis 360.00 Add
6 Aug Canaccord... 356.00 Buy
6 Aug Deutsche Bank 315.00 Buy
29 Jul Deutsche Bank 315.00 Buy

I'm out, money off the table for the time being...

Polypipe Group PLC (PLP:LSE) set a new 52-week high during today's trading session when it reached 363.50. Over this period, the share price is up 42.52%.

Edlington-based plastic piping systems manufacturer Polypipe Group plc is joining the London Stock Exchange’s FTSE 250 Index today.

Final results

Financial Highlights



· Revenue from UK operations increased by 10.6%. Group revenue was up 7.9%

· Underlying operating profit ahead by 17.1% at £54.2m

· 120bps improvement in underlying operating margin to a record 15.4%

· Strong cash conversion of 102%, after absorbing a 28% increase in capital expenditure

· Underlying net finance costs reduced by £2.5m to £6.2m due to benefits from re-financing

· Recommended final dividend of 5.5 pence per share giving a full year dividend rate increase of 23%



Operational Highlights



· Significant boost to technical capability and presence in the ventilation market through the £144.3m acquisition of Nuaire in August 2015. Nuaire is performing in line with expectations

· Structural growth opportunities driving the business ahead of the overall construction market

· Continuing strong demand from residential new build construction, infrastructure and commercial developments

· Improved export performance underpinned by growing presence in the Middle East

· Capital expenditure increased by 28% to £19.3m to fund growth opportunities



Outlook



· Whilst there remain political and economic uncertainties, underlying fundamentals across all sectors of the UK construction market remain positive

· In our main UK market, 2016 industry forecasts expect that construction activity will outpace GDP

· 2016 has started well and we are encouraged by reports from the merchants of improvement in RMI spend in the early part of this year.

31 Mar Numis 370.00 Add
31 Mar Peel Hunt 330.00 Hold

Trading update

11:50 25/05/2016
Broker Forecast - Peel Hunt issues a broker note on Polypipe Group Plc

Peel Hunt today reaffirms its hold investment rating on Polypipe Group Plc (LON:PLP) and raised its price target to 350p (from 330p). Story provided by StockMarketWire.com

You still in this one dc? Chart looks good, 16/08 Half Yearly Results, Ex Divi Date 25/08.

No Chris. Building whether it being supplies like this or bricks or the final built product seems over sold. Brick and supply companies seem to be rebounding, we still have a housing shortage.


As we know cannot always go with broker forecasts, but could be a fair upside here.

10:50 26/07/2016
Broker Forecast - Deutsche Bank issues a broker note on Polypipe Group Plc

Deutsche Bank today reaffirms its buy investment rating on Polypipe Group Plc (LON:PLP) and cut its price target to 361p (from 382p). Story provided by StockMarketWire.com

Thanks dc, I would be happy if it reached 300p, if it can break 260, 280p would be the initial target. See how it opens on Monday for a wee punt.

I think you will do alright. :-))

Long on the spreads @ 254p

On the move Chris. :-))

Yep, barring Armageddon tomorrow, fingers crossed dc :0)

British Bulls -
POLYPIPE GROUP

Last Signal: STAY LONG

Last Pattern: BEARISH HARAMI CROSS

Last Close:
265.2000
Change:
+8.3000

Percent change
+3.23%

Signal Update

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 03/08/2016, 6 days ago, when the stock price was 237.7000. Since then PLP.L has risen by +11.57%.

Market Outlook

The bulls are in full control. The negative sentiment that led to the last bearish pattern has evaporated. Besides, the signal is suggesting to STAY LONG. It is best to follow the signal and continue to hold this security

dc now I am worried LOL!!!

Stop to 258p

Stop to 264

Construction related stocks best risers today
I am on Ibstock for 3 weeks now
IBST despite the large rise today, is still under performing the other two on the 3 month chart

Ibstock 173.15p +7.88%
Polypipe G. 281.25p +5.61%
Marshalls 297.20p +4.72%

---------------------------------- 1 month -------------------------------------------------- 3 month --------------------------------

I month chart of the 3 stocks above

Stop to 274p.

Nice one mentor. :0)

indeed .... the boy's been on the bubble for a few weeks now

Stop to initial target 280p.

Nice rise. :-))

Interim Result
16 Aug 16 Polypipe Group Plc [PLP]



Proactive Investor - Numis Securities is expecting robust first half results from Polypipe, the manufacturer of plastic piping systems.

It is forecasting underlying earnings (EBIT) of £34.5mln, up from £25.6mln the year before.

“Looking forward, the result of the Brexit referendum has created uncertainty and we therefore believe that current trading and comments on outlook will be of key interest to investors. In line with others, we expect Polypipe to state that there has been no significant Brexit impact to date and that it is too early to reliably estimate the likely implications,” the broker said.

Since 23 June, Polypipe’s share price has fallen 20%, which is double the average fall recorded by sector peers, which Numis attributes to Polypipe’s dicier debt position.

“However, a simple sensitivity analysis suggests that Polypipe could withstand relatively significant volume declines and we would also point to the group’s strong record of cash generation. Based on this, we believe that the fall in Polypipe’s share price since the referendum is overdone,” the broker added.

Stopped out. Straight back in 279p tight stop.

results due tomorrow and currently very strong order book

Very good set of results.



Half year report

Financial Highlights

· Revenue 31% higher at £223.3m

· UK revenue 8.1% ahead excluding acquisitions

· Underlying operating profit 47% higher at £37.7m

· 180bps improvement in underlying operating margin to a record 16.9%

· Underlying earnings per share 48% higher at 13.6 pence per share

· Cash generated from operations 71% higher at £30.5m

· Net debt down to 2.3 times pro-forma LTM EBITDA2

· Interim dividend increased 35% to 3.1p pence per share



Operational Highlights

· After an excellent start, demand from all segments of our core UK market has remained strong

· Continued progress in growth initiatives of substitution, carbon efficiency and water management

· Nuaire acquisition performing well - some early success in specification of Nuaire systems with Polypipe duct

· First delivery from manufacturing plant in Dubai made during July

a rather silly punt but it paid off with 15 points, so happy enough

LATEST BROKER VIEWS

Date Broker New target Recomm.
16 Aug Cantor... 400.00 Buy
15 Aug Peel Hunt 350.00 Hold

Record results. 320p next target. If or when consolidation/profit taking kicks in, hopefully
worst case scenario support at 280p. Ex-Divi due.

By Motley Fool | Tue, 16th August 2016 - 11:31

Cash from plastic

Shares in Polypipe (LSE:PLP) plunged after the EU referendum, but they've been picking up since, and a 3% boost on the back of first-half results has taken the price to 298p today. The company, which unsurprisingly makes plastic piping, turned in a storming performance, with underlying pre-tax profit up 45% and underlying EPS up 48%. The interim dividend was lifted by 35%.

Polypipe seems like another overlooked company on a low valuation -- this time on a P/E of 12, dropping to 11 for 2017, with dividends of around 3.5% predicted. It's the biggest company of today's three with a market cap of £590m, it's a highly cash-generative business, and it appears to be Brexit-resistant -- the firm said "order intake has remained consistent with the normal seasonal pattern and [is] yet to show any signs of weakening following the EU Referendum."

Polypipe is another that I reckon deserves close attention.

PLP
started with a very strong showing yesterday but then fell away and finished down about 9p on the day
the figures were certainly strong and better than expected, so perhaps just short-term profit-taking with a better day in prospect today

==================

GVC
a bit like others with FEVR, i keep thinking i have missed the boat so have never ventured in
however, it certainly deserves further investigation as it continues upwards

17 Aug Deutsche Bank 361.00 Buy
17 Aug Berenberg 360.00 Buy
16 Aug Numis 370.00 Buy
16 Aug Cantor... 400.00 Buy
15 Aug Peel Hunt 350.00 Hold

Suppose, when you agree with the brokers, you must be doing something wrong :0) Weird market at mo.

Nice bounce today, fingers crossed not dead cat.

Reading Shares, if they can get the debt down from the recent acquisition they should do well.

I think they are well undervalued dc, even with the present debt. If they do go lower I may even buy some :0). Hat tip to you dc for flagging them up in the first place.

Need a strong second half of the year Chris.

Did you see the volume today dc? It'll all come owt in wash as they say oop north

3 X the usual.

Annual div (IAD)
8.60 GBX

Annual div yield (IAD)
3.21%

Div ex-date
Apr 28 2016

Div pay-date
Jun 01 2016

Next div ex-date
Aug 25 2016

Next div pay-date
Sep 23 2016

A buy in IC, shares still good value.

Are you still in, Chris?

Certainly am dc :0)

:-))

19/09/2016
BUY
Ron Marsh
CH
75,000

15:40 02/11/2016
Broker Forecast - Numis issues a broker note on Polypipe Group Plc
Numis today reaffirms its buy investment rating on Polypipe Group Plc (LON:PLP) and cut its price target to 330p (from 370p). Story provided by StockMarketWire.com

Trading update

15 Nov
Numis
330.00
Buy
14 Nov
Deutsche Bank
N/A
Buy

Can see 320p dc before it goes tits up, not to put toooo fine a point on it. Have to be a bit nervous outside bollinger band by a country mile, but trend is your friend apparently :0)

A couple of days old Chris,

Proactive investor -


Polypipe shares worth around 70p more - Peel Hunt
Share
10:33 15 Nov 2016
Broker Peel Hunt upgraded the share to 'add' from 'hold' on the back of strong trading

Polypipe makes plastic pipes used in residential and commercial markets
Broker Peel Hunt piped up on plastic pipe maker Polypipe Group (LON:PLP) on Monday and upgraded the share to 'add' from 'hold' on the back of strong trading.
Like-for-like (LFL) revenues in the last four months at the group are up 5.1% with the UK business seeing LFL growth of 8%, noted the broker, adding there had been no impact on revenues or orders since the UK vote to leave the EU.
Driven by growth across the residential, infrastructure and commercial markets, the broker has upgraded its 2016 profit-before tax forecasts by around 3% and left  top end 2017 numbers unchanged.
The broker has a target price of 350p on the shares, which are up over 7% on the day, at 278.6p.
Revenue for the ten months to end October was 23.7% higher at £370.3mln (2015: £299.3mln), with overseas revenue benefitting from the weaker sterling exchange rate.
"The decline in sterling has adversely impacted our polymer input costs, although we are confident of recovering this impact through increasing our selling prices, as we have successfully done in the past," the firm said earlier

Plop! Santa Rally dc?

Cannot see a lot in santa's sack this year. :-))

You never know dc :0) Good company.

I was talking of a over all santa rally. :-)) Construction will recover once the uncertainty of the economy goes. After all we need more houses.

For now dc seems to be sticking in there above 200DMA, may well test 310p again. Watching :0)

320p looks odds on :0)

9 Dec
Deutsche Bank
381.00
Buy

Well there is 320p dc, stick or twist? :0)

Well done Chris, for the other part of your question ? Happy Christmas Chris. :-))

Merry Christmas dc :0)

Numis picks its top stocks for Jan 2017 -

Polypipe was its smaller company pick, which was downgraded to 'add' from 'buy' with a price target of 330p. The broker felt the company has a broad-based exposure to UK construction activity with a track record of outperforming its markets. This and its strong operational gearing and relatively clean balance sheet will lead to earnings outperformance, according to Numis.

LATEST BROKER VIEWS

Date Broker New target Recomm.
4 Jan Deutsche Bank 409.00 Buy
9 Dec Deutsche Bank 381.00 Buy
5 Dec Jefferies... 350.00 Buy
15 Nov Numis 330.00 Buy
14 Nov Deutsche Bank N/A Buy
2 Nov Numis 330.00 Buy
18 Oct Peel Hunt 350.00 Hold
13 Oct Deutsche Bank 361.00 Buy
7 Sep Deutsche Bank N/A Buy
17 Aug Deutsche Bank 361.00 Buy
Broker Recommendations for Polypipe Group

Just keeps on grinding higher, barring a market crash 360p seems a reasonable target.
If it get's there either a triple top or breakout from last Septembers high. Place your bets :0)

LATEST BROKER VIEWS

Date Broker New target Recomm.
4 Jan Deutsche Bank 409.00 Buy
9 Dec Deutsche Bank 381.00 Buy
5 Dec Jefferies... 350.00 Buy
15 Nov Numis 330.00 Buy
14 Nov Deutsche Bank N/A Buy
2 Nov Numis 330.00 Buy
18 Oct Peel Hunt 350.00 Hold
13 Oct Deutsche Bank 361.00 Buy
7 Sep Deutsche Bank N/A Buy
17 Aug Deutsche Bank 361.00 Buy

I bet you prefer the 4 Jan broker view. Nice and steady climb. :-))

Who wouldn't dc :0) probably tank now.

Taken some profits here, leave the rest running.

Well done Chris

Polypipe Group PLC (PLP:LSE) set a new 52-week high during today's trading session when it reached 358.90. Over this period, the share price is up 13.06%.

Cheers dc.

Having retraced back to just below 25DMA having another assault on resistance 360p.

Final results

Financial Highlights
·      Revenue 23.8% higher at £436.9m, or 9.1% on a like for like basis2
·      UK revenue 10.5% ahead on a like for like basis2
·      Underlying operating profit 28.0% higher at £69.4m
·      50bps improvement in underlying operating margin to a record 15.9%
·      Underlying diluted earnings per share 28.9% higher at 25.0 pence per share
·      Strong cash conversion rate maintained at 97.1%
·      Net debt down to 1.9 times EBITDA3
·      Recommended final dividend of 7.0 pence per share giving a full year dividend of 10.1 pence per share, 29.5% higher
 
Operational Highlights
·      Excellent UK revenue growth reflecting continued strong demand for our products with no discernible impact of the EU Referendum on our end markets
·      Legacy material substitution and legislative tailwinds driving growth ahead of the overall UK construction market
·      Nuaire successfully integrated into Group and performing in line with expectations
·      Middle East manufacturing plant commissioned and in full operation in the second half of the year
·      Significant growth in export revenue, up by 28.7%
 
Outlook
·      Underlying fundamentals and growth prospects in the overall UK construction market remain positive
·      Level of economic uncertainty has eased since the immediate reaction to the outcome of the EU Referendum, but we remain alert to market risks
·      Impact of selling price increases, due to the increase in base polymer and other costs, expected to come through from second quarter, expected to deliver planned margin for the full year

Breakout!!

,

thanks chris ..... was at last persuaded to buy, which i did for my sipp

30 Mar
Numis
405.00
Add

LATEST BROKER VIEWS

Date Broker New target Recomm.
31 Mar Jefferies... 410.00 Buy
30 Mar Numis 405.00 Add
16 Feb Deutsche Bank N/A Buy
9 Feb Berenberg 360.00 Buy
9 Feb Peel Hunt 375.00 Add
4 Jan Deutsche Bank 409.00 Buy
9 Dec Deutsche Bank 381.00 Buy
5 Dec Jefferies... 350.00 Buy
15 Nov Numis 330.00 Buy
14 Nov Deutsche Bank N/A Buy

On the move, looking for 400p to be support.

Good rise Chris. :-))

410p would be better :0)

Resistance 420p third attempt to break it.

Naked trader on Thursday - I have also bought some Polypipe (LON:PLP).  Made over £1,000 on this a while back. It's one of those boring sounding ones I like.

While most people go tearing around buying the next trendy oil share I am hunting for boring companies but ones that actually make real profits! This one, erm, well, makes pipes and stuff. Looks like people want to buy them though.

Profits are booming and the share price is gradually rising. The one downside is the debt is quite high but it is coming back and it only just within my usual tolerances. However that is probably priced in. Now, got to go out shopping. Got to get some new pipes for the garden...

Solid trading update.

Polypipe Group PLC (PLP:LSE) set a new 52-week high during today's trading session when it reached 437.80. Over this period, the share price is up 34.88%.

Been trading sideways for the last three months between 370-420p. Needs volume, waiting for 50DMA to be breached then try another long.

Both 50 and 25DMA's breached.

LATEST BROKER VIEWS

Date Broker New target Recomm.
1 Sep Berenberg 470.00 Buy
14 Aug Deutsche Bank N/A Buy
8 Aug Numis 450.00 Add
8 Aug Peel Hunt 465.00 Add
7 Aug Deutsche Bank 447.00 Buy
31 Jul Deutsche Bank N/A Buy
19 Jul Deutsche Bank N/A Buy
17 Jul Deutsche Bank N/A Buy
26 Jun Jefferies... 490.00 Buy
22 Jun Peel Hunt 465.00 Add

Anyone subscribing to the MoneyAM Level 2 platform please take note that most days it is not reporting the correct Trade High nor Trade Low information and "some days" not reporting the correct Opening Price or Closing Price.

The reason is because MoneyAM's Level 2 system is not sensing the Auto Trades or Ordinary Trades correctly so is wrongly reporting them

MoneyAM has been unable to fix the fault for over 8 weeks now but are still charging full price for their Level 2

TTell us something we don't know Mikey, no point in posting on every thread :0)

Trading update

Trading update
 
Strong organic growth in our UK Residential Systems and Mainland Europe segments, both helped by relatively buoyant new house building activity, has driven continued growth ahead of the market in the ten months ended 31 October 2017, leaving the Group on track to achieve management expectations for the full year.
 
Revenue for the ten months ended 31 October 2017 was 8.2% higher than the prior year at £400.6m (2016: £370.3m), and 7.1% higher on a like for like* basis. Like for like revenue growth in the four months to 31 October 2017 was marginally higher than that recorded in the first half of the year at 7.3%.

Tailed off of late.

09:00 27/11/2017
Broker Forecast - Barclays Capital issues a broker note on Polypipe Group Plc
Barclays Capital today initiates coverage of Polypipe Group Plc (LON:PLP) with a overweight investment rating and price target of 426p. Story provided by StockMarketWire.com

09:40 06/12/2017
Broker Forecast - Peel Hunt issues a broker note on Polypipe Group Plc
Peel Hunt today upgrades its investment rating on Polypipe Group Plc (LON:PLP) to buy (from add) and left its price target at 465p. Story provided by StockMarketWire.com

30 Jan
Deutsche Bank
455.00
Buy

Preliminary announcements of results for the year ended 31/12/17 20th March.

EX-Divi 19/04.

SP moving up in current range, breaks 410 obvious initial target 420p. Fingers crossed :0)

Above dates on company's financial calendar. MAM have Final listed tom 12th March?

Final results

Financial Highlights
· Revenue 6.3% higher at £411.7m
· Underlying operating profit 6.0% higher at £72.6m
· Underlying operating margin robust at 17.6% despite continued input cost inflation
· Underlying basic earnings per share from continuing operations 10.1% higher at 27.2 pence
· Net debt down to 1.6 times EBITDA2
· Recommended final dividend of 7.5 pence per share giving a full year dividend of 11.1 pence per share, 9.9% higher
Operational Highlights
· Strong performance in UK - revenue growth at 8.1%
· Residential Systems segment revenue growth of 10.3% driven by demand in the new housebuild sector, RMI markets remain subdued
· Disposal of Polypipe France for €16.5m on a cash-free, debt-free, normalised working capital basis expected to complete in the first half of 2018
· Decisive action taken to close Dubai factory and pursue alternative manufacturing strategy in the Middle East
· Management succession implemented, Paul James joined as CFO on 5 March 2018

Outlook
· Fundamentals in Residential Systems segment continue to be strong, driven by the new housebuild sector but UK RMI likely to remain challenging
· Commercial and Infrastructure project pipeline remains encouraging, although project delays impacting short-term performance
· Benefit of selling price increases, due to the pass-through of further polymer and other cost inflation, expected to come through from second quarter
· 2018 will be another year of progress for the Group and our expectations for the year remain unchanged

20 Mar
Numis
450.00
Add
20 Mar
Peel Hunt
465.00
Buy
20 Mar
Shore Capital
N/A
Buy

Trading update

Half year report



Financial Highlights
· UK revenue 0.9% ahead. Growth excluding the £8m estimated impact of adverse weather in February and March approximately 5%
· Basic earnings per share from continuing operations up 0.8% at 12.4 pence
· Cash generated from operations 5.7% higher at £22.3m
· Net debt of £145.8m at 30 June 2018 is 1.7 times LTM EBITDA2 compared to 2.0 times in the prior year, and on track to meet management expectations for the year
· Interim dividend increased 2.8% to 3.7 pence per share

Operational Highlights
· UK Residential Systems achieved good organic growth of 5.9%
· Commercial and Infrastructure Systems revenue down 6.6%. Impacted by previously disclosed project delays in road and other commercial projects affecting short-term performance
· Successfully completed disposal of low-margin French business for €16.5m on cash-free, debt-free, normalised working capital basis
· Good progress on innovative manufacturing and sustainability with increased use of recycled material
· The new £5.0m large diameter continuous corrugator at our Horncastle plant is performing well with revenue generation in line with plan
· Dubai factory exit and alternative manufacturing strategy going to plan - first product manufactured by a sub-contracted partner using Polypipe tooling delivered in July

Outlook
· UK market outlook for the second half remains mixed
· Fundamentals in Residential Systems segment continue to be strong, driven by the new housebuild sector, UK RMI likely to remain challenging
· Signs of improvement in our Commercial and Infrastructure Systems segment towards the end of the period and start of H2 with road programmes beginning to increase in activity. Commercial activity improving as the impact of Carillion-related delays reduces and improved project awards in 2017 work through
· Trading has started well in the second half, and the Board is confident that the Group will deliver results in line with management expectations for the year ending 31 December 2018

11:10 06/11/2018
Broker Forecast - Berenberg issues a broker note on Polypipe Group Plc
Berenberg today reaffirms its buy investment rating on Polypipe Group Plc (LON:PLP) and raised its price target to 510p (from 490p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk