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/

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.

Need a strong second half of the year Chris.

Did you see the volume today dc? It'll all come owt in wash as they say oop north

3 X the usual.

Annual div (IAD)
8.60 GBX

Annual div yield (IAD)
3.21%

Div ex-date
Apr 28 2016

Div pay-date
Jun 01 2016

Next div ex-date
Aug 25 2016

Next div pay-date
Sep 23 2016

A buy in IC, shares still good value.

Are you still in, Chris?

Certainly am dc :0)

:-))

19/09/2016
BUY
Ron Marsh
CH
75,000

15:40 02/11/2016
Broker Forecast - Numis issues a broker note on Polypipe Group Plc
Numis today reaffirms its buy investment rating on Polypipe Group Plc (LON:PLP) and cut its price target to 330p (from 370p). Story provided by StockMarketWire.com

Trading update

15 Nov
Numis
330.00
Buy
14 Nov
Deutsche Bank
N/A
Buy