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/

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