Where will this lead to?

i kept burning my fingers with this one as never ever managed to get the timing right, but clearly now perking up

I am in a share-save with my friend at 7-01p looks good at this moment in time.June 2011 will see the shares mature,i can see it doing really well by then if the american housing market picks up.Wolseley is a very well run company and makes good profits.Good luck to all share-holders.

Wolseley revenue falls 15% in first half-year
Business Financial Newswire
Building supplies group Woleley reported revenue down 15.1% at 6.33bn for the half-year to end-January, but said the rate of like for like revenue decline continues to slow. Gross margin was broadly maintained.

The group generated a trading profit of 167m in the half-year, compared to 251m in the prior year period.

There was an operating loss of 207m, reduced from 381m previously, while the loss before tax was 261m, down from 464. Net debt was reduced by 49m since the start of the financial year to 910m (31st July 2009 : 959m).

Distribution and other administration costs in the half year excluding exceptional items were reduced by 272m.

Ian Meakins, Group CEO, said: 'The results for the first half reflect good progress on cost reductions which were delivered ahead of schedule. Market conditions remain challenging, though we are now seeing stabilisation in many of our markets. Against this backdrop, the Group will continue to focus on an improved service to customers, maintaining market share and gross margins, delivering a good cash performance and maintaining cost discipline."

'The resource allocation work shows us clearly where to prioritise investment in our leading businesses where we have a strong competitive advantage and can generate the best returns.'

Interim Management Statement

Third quarter highlights

Revenue declined 7%, like for like decline of 2%.

Gross margin of 27.8%, ahead of Q3 2009, flat year to date compared to last year.

Distribution and administration costs 106 million better than last year.

Strong trading profit growth to 101 million as gross profit shortfall more than offset by improved cost base.

Net debt at 30 April 2010 of 1,067 million.

much as i like this stock and think it is an excellent one if you want exposure in the house building sector, it has a jinx for me and i can never get my timing right on it, but don't let me put anyone else off the company - this has to be a "goodie"

Strong open.

i never ever get the timing on this one right, so beware!
however, with markets everywhere looking very soggy, this could be a could shorting target, especially if the 200 dma (black) does not hold

makes a change for me to call WOS correctly, even if (or perhaps because!) i didn't do anything myself

Wolseley To Dispose Of Brandon For GBP43 Million
Wolseley (LSE:WOS)

Today : Tuesday 24 August 2010
Wolseley PLC (WOS.LN), a trade distributor of plumbing and heating products to professional contractors, said Tuesday that it has agreed to dispose of Brandon Hire Ltd, its U.K. tool and equipment hire business, to Rutland Partners.

MAIN FACTS:

-Total cash consideration of GBP43 million will be payable on completion, subject to normal closing adjustments.

-Completion is expected within 30 days.

rather late in the day (13th) i did actually take a small short position here ..... it must be almost the first time i have got this stock right though i am surprised at the quantum of this morning's fall

Wolseley fell after CRH warned over its outlook for the U.S.

Irish building supplies giant CRH set the tone for the session, warning core earnings would fall 10 percent this year, pointing to mounting concerns over the economy in the United States.

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with the above in mind + high volume in WOS + horrid chart (see above) and offer book far longer than bid, i reckon it will do no harm at all to leave my short running, with 1150 as the obvious target or support

6 month chart - long or short?

i have always called this wrong so have given up putting money with mouth, but i'ld reckon a short as with UK housebuilders and gov't-reliant contractors (SCHE!)

I've been long since the summer, so looking at 50%+ - just taken a contrarian short until I decide what to do :-)

Interim Management Statement

Builders' merchant group Wolseley said revenue increased by 6% on a like-for-like basis in the third quarter to end-April.

Trading profit was 30% ahead at 131m ,with gross margin, at 28%, 0.2% ahead of last year.

Operating costs were 19m lower than last year (underlying: 2.8% higher).

Adjusted net debt was 824m, 109m lower than 31st January 2011.

During the quarter the Group generated revenue of 3.271bn, 1% ahead of last year, and 6% ahead on a like-for-like basis.

The impact of inflation on Group revenue continued at about 3%, principally due to rising commodity prices.

Despite continued pricing pressure, Wolseley said focus on improving customer and product mix led to a higher gross margin of 28% in the quarter, 0.2% higher than last year.

Operating costs were 19m lower, principally as a result of disposals, though the underlying cost base in constant currency increased by 2.8% compared to last year.

The net impact of non-recurring items charged to trading profit in the quarter was not material to the overall result.

Trading profit of 131m was 30m higher than last year.

RNS Number : 2115K

Wolseley PLC

12 July 2011

WOLSELEY PLC

12 July 2011

Disposal of Electric Center

Wolseley announces that it has signed an agreement to sell its Electric Center business to Edmundson Electrical, a leading distributor of electrical equipment to trade and industry in the UK. Completion will follow a period of employee consultation and is expected to occur in the next few weeks.

In the year ended 31 July 2010, the business generated revenue of GBP130 million and trading profit of GBP1.5 million. In the 10 months ended 31 May 2011, revenue was GBP115 million and trading profit was GBP2.2 million. Net assets at completion are expected to be around GBP29 million and the transaction is expected to generate a small gain on disposal. The cash consideration will be used to pay down debt.

Commenting on the sale, Ian Meakins, Chief Executive of Wolseley plc, said:

"This transaction is in line with our strategy of focusing on businesses where we can create leading market positions. Given the complementary nature of Edmundson and Electric Center, the transaction represents a good outcome for the business and its employees. We wish them every success for the future."

For further information please contact

Wolseley plc

as i have said before, i never ever get the timing right on this stock, but with that caveat, it's worth noting that 200 dma was pierced (south) with considerable force today, closing near its session low

Another gap buster.

Another stonking day here - Croc would be pleased :-)

Closed up 99p.