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/

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