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/

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

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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