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 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