i'd like some advise on this stock, new to share's but have a large holding at present, company figures look good, but share price seems to be under valued, any thoughts would help, i have a target figure of 22.00 end of year.

I was speaking to a guy today who has worked on building sites all his life and he told me all work has stopped and men laid off its the worst he has seen so where is the demand coming from.

Up or down...?


This could fall to 70p in next 12 months imo.

Travis Perkins underlying profits slump - MoneyAM


Builders maerchant and Wickes DIY owner Travis Perkins today revealed a worse than expected 22.5% slump in underlying profit for the year ended 31st December 2008.

The group said it had incurred an exceptional charge of 56.2m reflecting the severe downturn in UK construction markets.

Travis Perkins said it made profit before tax and non-recurring charges of 202.5m in 2008, compared to 261.4m in 2007.

The group ended the period with reported net debt of 1.02bn and said it will not pay a final dividend.

Geoff Cooper, CEO, commented: 'We took early action in 2008 to deal with the increasingly tough trading environment and have set our business ready to manage continuing difficult market conditions in 2009.

'Our businesses continue to outperform competitors. In 2008 our divisions grew market share on a like-for-like basis and continue to record leading operating margins in each market segment - a particular advantage at this stage of the cycle. A number of competitors have already closed outlets and we expect further sector rationalisation, improving our prospects for continued like-for-like market share gains.

'Based on current forecasts, and with cost and debt reduction plans already in place and lower interest rates, we aim to reduce covenantable net debt by a further 125m in 2009.

'We have already taken decisive action, and stand ready to take further steps if necessary. We believe our approach will produce the best outcome for shareholders in this unusually challenging economic environment.'

28May RNS tells me something about new shares being issued - could the company just tell us how many shares are involved? . . . . what level of dilution does this represent?
The sp has dropped dramatically, although the last few months has seen a considerable "feel-good" rise in the sp . . . . but I don't see building suddenly increasing . . . . so I fail to understand this recent rise....and today's fall is directly a result of a very confusing RNS....IMHO.
+Come-on Directors, tell us in a few words, eh?

Massive rise since mid june-and large rise today-setting on its highs

why such a large gain?

any views

Interim results today?

Until I came across this thread yesterday, I had never looked at these before. The chart looks interesting and this could prove to be a good day trading share.

head and shoulders formed at 8.16??

I've been watching these since I posted - anyone else see a triple top (within a triple top?) in the chart in post 1?

Good move up this morning - ahead of results later today.

Preliminary results.

FINANCIAL HIGHLIGHTS

Group revenue down 8% at 2,931m

Adjusted operating profit down 17% to 225m


Adjusted profit before tax of 180m


Adjusted EPS down 22% to 75p


Gross operating cost savings of 60m achieved ahead of target


Retail operating profit up 19% with increased operating margin


Free cash flow 294m up 59% (Note 14)

Capital base strengthened through rights issue with net debt more than halved to 467m

OPERATING HIGHLIGHTS

Like-for-like headcount reduced by 13% since start of recession

Operating focus shifted to cost and debt reduction

Merchanting business rated top amongst national merchants

Successful Wickes marketing campaign delivers market share gain

Interim Management Statement.

Group revenue for the four months ended 30 April 2010 was up by 2.2%, with like-for-like sales up 1.4 %.

Indicative Offer.

In the papers today.

Interim Results.

FINANCIAL HIGHLIGHTS

Revenue up by 5% to 1,522m

Adjusted Profit before tax up by 24% to 112m

Net debt down to 410m, a 103m underlying reduction (Note 12)

Adjusted Net Debt to EBITDA improved to 1.2 times (Note 13)

Industry leading operating margin of 7.9%

Dividend payment resuming with a 5.0p per share interim payout



OPERATING HIGHLIGHTS

First half result ahead of management's expectations

Successful launch of organic growth developments in both divisions

Both divisions increasing market share on a like-for-like basis

Network expansion resumed on a cautious basis - now up to 1,315 units

Recommended offer for The BSS Group plc announced 5 July of 658m enterprise value

Can someone tell me what is going on with these shares as I have been in hospital and haven't been keeping up.
Thank you

Not been watching this one recently pat but the chart is great.

Interim Management Statement.

Trading update - continuing sales growth and market share gains across both divisions

Thanks -mitzy and skinny
what does takeover of BSS mean in terms of shares/price? Don't remember any notification being sent or vote taken.

Up 3 quid since the start of December - not bad.

not bad..lol.