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/

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

Stop to 274p.

Nice one mentor. :0)

indeed .... the boy's been on the bubble for a few weeks now

Stop to initial target 280p.

Nice rise. :-))

Interim Result
16 Aug 16 Polypipe Group Plc [PLP]



Proactive Investor - Numis Securities is expecting robust first half results from Polypipe, the manufacturer of plastic piping systems.

It is forecasting underlying earnings (EBIT) of £34.5mln, up from £25.6mln the year before.

“Looking forward, the result of the Brexit referendum has created uncertainty and we therefore believe that current trading and comments on outlook will be of key interest to investors. In line with others, we expect Polypipe to state that there has been no significant Brexit impact to date and that it is too early to reliably estimate the likely implications,” the broker said.

Since 23 June, Polypipe’s share price has fallen 20%, which is double the average fall recorded by sector peers, which Numis attributes to Polypipe’s dicier debt position.

“However, a simple sensitivity analysis suggests that Polypipe could withstand relatively significant volume declines and we would also point to the group’s strong record of cash generation. Based on this, we believe that the fall in Polypipe’s share price since the referendum is overdone,” the broker added.

Stopped out. Straight back in 279p tight stop.

results due tomorrow and currently very strong order book

Very good set of results.



Half year report

Financial Highlights

· Revenue 31% higher at £223.3m

· UK revenue 8.1% ahead excluding acquisitions

· Underlying operating profit 47% higher at £37.7m

· 180bps improvement in underlying operating margin to a record 16.9%

· Underlying earnings per share 48% higher at 13.6 pence per share

· Cash generated from operations 71% higher at £30.5m

· Net debt down to 2.3 times pro-forma LTM EBITDA2

· Interim dividend increased 35% to 3.1p pence per share



Operational Highlights

· After an excellent start, demand from all segments of our core UK market has remained strong

· Continued progress in growth initiatives of substitution, carbon efficiency and water management

· Nuaire acquisition performing well - some early success in specification of Nuaire systems with Polypipe duct

· First delivery from manufacturing plant in Dubai made during July

a rather silly punt but it paid off with 15 points, so happy enough

LATEST BROKER VIEWS

Date Broker New target Recomm.
16 Aug Cantor... 400.00 Buy
15 Aug Peel Hunt 350.00 Hold