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/

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

Record results. 320p next target. If or when consolidation/profit taking kicks in, hopefully
worst case scenario support at 280p. Ex-Divi due.

By Motley Fool | Tue, 16th August 2016 - 11:31

Cash from plastic

Shares in Polypipe (LSE:PLP) plunged after the EU referendum, but they've been picking up since, and a 3% boost on the back of first-half results has taken the price to 298p today. The company, which unsurprisingly makes plastic piping, turned in a storming performance, with underlying pre-tax profit up 45% and underlying EPS up 48%. The interim dividend was lifted by 35%.

Polypipe seems like another overlooked company on a low valuation -- this time on a P/E of 12, dropping to 11 for 2017, with dividends of around 3.5% predicted. It's the biggest company of today's three with a market cap of £590m, it's a highly cash-generative business, and it appears to be Brexit-resistant -- the firm said "order intake has remained consistent with the normal seasonal pattern and [is] yet to show any signs of weakening following the EU Referendum."

Polypipe is another that I reckon deserves close attention.

PLP
started with a very strong showing yesterday but then fell away and finished down about 9p on the day
the figures were certainly strong and better than expected, so perhaps just short-term profit-taking with a better day in prospect today

==================

GVC
a bit like others with FEVR, i keep thinking i have missed the boat so have never ventured in
however, it certainly deserves further investigation as it continues upwards

17 Aug Deutsche Bank 361.00 Buy
17 Aug Berenberg 360.00 Buy
16 Aug Numis 370.00 Buy
16 Aug Cantor... 400.00 Buy
15 Aug Peel Hunt 350.00 Hold

Suppose, when you agree with the brokers, you must be doing something wrong :0) Weird market at mo.

Nice bounce today, fingers crossed not dead cat.

Reading Shares, if they can get the debt down from the recent acquisition they should do well.

I think they are well undervalued dc, even with the present debt. If they do go lower I may even buy some :0). Hat tip to you dc for flagging them up in the first place.