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/

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

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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.