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.

StockMarketWire.com
Travis Perkins said all its businesses showed good growth in Q1 2016, driven by the recovery in the RMI market and by the investments it has made to improve customer propositions as part of its five-year plan.

Total group sales were up 5% in Q1. Group like-for-like sales in Q1 were up 4.2%, led by gains in Consumer (7.3%), General Merchanting (4.7%), Plumbing & Heating (2.2%), and Contracts (2.1%).

"The modernisation of General Merchanting continued with a clear focus on driving the maturity of the heavyside range centre network, improving customer access to broader ranges and better stock availability," the company said in a statement.

"The physical aspect of the restructuring of the Plumbing & Heating division has been successfully completed; the priority is now to take full advantage of the customer focused businesses that have been created.

"Growth in the Contracts division moderated, against strong comparators in 2015, but there remains significant opportunity to continue to take further share in these markets.

"The Consumer division maintained the strong momentum established in 2015, with excellent like-for-like growth."

Another bombed out stock post Brexit, which has recovered slightly.

StockMarketWire.com
Travis Perkins has hiked its H1 pretax profit by 10.7% to £176m, from £159m, with interim dividend rising to 15.25p a share, from 14.75p.

It posted revenue of £3.11bn, from £2.94bn, with like-for-like revenue up 3.1%.

CEO John Carter said:
"The solid performance in the first half of 2016 reflects our leading market positions, the hard work of our teams and the investments we have been making to improve all aspects of our business.

"The investments to extend our range, build out our distribution infrastructure, expand our network and accelerate our online growth have helped us continue to win market share and to position us well for the future.

"We plan to continue to invest in our businesses where we can generate strong returns and create value for our shareholders over the long-term.

"It is clear that the result of the EU referendum has created significant uncertainty in the outlook for our end markets and we did experience weaker demand in the run up to and immediately following the referendum.

"Our two-year like-for-like sales in July have been below the levels we experienced in the second quarter, however we have seen a gradual improvement through the course of the month.

"In our view it is too early to precisely predict end market demand and we will continue to monitor the lead indicators we track and will react accordingly.

"We have a proven track record of reacting swiftly to changes in market conditions, and the strength of the Group's balance sheet, the competitive advantage we have created through the investments we have made and our ability to flex the cost base leaves us well positioned to continue to win market share and drive shareholder value over the medium term."

Peel Hunt Hold 1,503.50 - 1,910.00 Reiterates

Panmure Gordon Hold 1,503.50 1,500.00 1,500.00 Retains

Reuters - Travis Perkins, Britain's biggest supplier of building materials, warned on Wednesday it would not meet market expectations for full-year profit, blaming a disappointing performance in its plumbing and heating business.

The group, which trades from over 20 businesses, including Travis Perkins, Wickes, BSS, Toolstation and Tile Giant, said it expected core earnings for 2016 to be "slightly below" the current market consensus of 415 million pounds.

Travis Perkins also highlighted uncertainty in the outlook for 2017 as it reported third quarter total sales growth of 3.4 percent and underlying growth of 2.0 percent.

It plans to close over 30 branches and make further efficiency driven changes in the supply chain, resulting in an exceptional charge of 40 million to 50 million pounds in 2016.

Unaudited results for the full year ended 31st December 2016

Full year highlights

Revenue increased by 4.6%, like-for-like revenue up 2.7% (6.6% two-year like-for-like)
Adjusted operating profit, excluding property profits, increased by £3m to £392m (2015: £389m)
The balance sheet was further strengthened with net debt reduced by £69m to £378m
Strong free cash flow generation of £436m at a cash conversion rate of 107% (2015: 77%), used to fund £187m of growth capital expenditure
Full-year dividend increased 2.3% to 45.0p per share, reflecting confidence in cash generation
Network expansion continued, with net 25 new branches and stores opened (82 gross)
Lease adjusted return on capital employed reduced to 10.9% reflecting continued investment in network expansion, store refits and IT which will underpin future earnings growth and cash generation
An exceptional non-cash impairment charge of £235m has been taken against the goodwill and intangible and tangible assets, principally in the plumbing & heating and tile businesses
An exceptional charge was taken to the income statement of £57m to cover the previously announced closure of underperforming branches, supply chain rationalisation and central restructuring.

Peel Hunt Hold 1,470.50 1,580.00 1,580.00 Reiterates

Liberum Capital Buy 1,470.50 1,650.00 1,650.00 Reiterates

StockMarketWire.com
Travis Perkins reported that adjusted operating profit was 2.1% lower at £190m largely due to the challenging Plumbing & Heating market and recent investments, including in information systems.

HIGHLIGHTS:
- Revenue grew by 3.5% in the first half of the year, and by 2.7% on a like-for-like basis

- Free cash flow of £188m was generated, with strong cash conversion of 99% Net debt of £377m, lower than June 2016 by £133m, and in line with December 2016

- Interim dividend of 15.5p, an increase of 1.6% reflecting strong cash performance

CEO John Carter said: "We executed our plan well and delivered a solid overall performance in the first half of 2017 against a challenging market backdrop of pronounced input cost inflation and market volatility.

"The robust growth and outperformance in our Contracts and Consumer divisions build on strong customer propositions and successful investments in those businesses.

"In the first half of the year, the group made a conscious decision to recover input cost inflation selectively through disciplined pricing activity.

"Whilst this had some impact on trading volume, it enabled us to maintain Group gross margins and positions the business well for the future.

"Today we have announced a comprehensive transformation plan in our Plumbing & Heating division which is designed to stabilise performance and to create more options to maximise shareholder value.

"Whilst we remain cautious on the macro-economic outlook for the second half, the Group remains focused on executing the clear plans it has in place which will deliver strong cash generation and maximise returns."

StockMarketWire.com
Hardware group Travis Perkins said annual profits fell after higher costs offset a rise in sales.

Adjusted pre-tax profit fell 10% to £343m, as revenue grew by 3.5% to £6.43bn.

The company declared full-year dividends of 46p per share, up 2.2% on the previous year.

'2017 was a challenging year for the group, with continuing uncertainty in our end-markets, and declining consumer confidence throughout the year,' chief executive John Carter said.

'Despite the challenging environment, we have continued to make disciplined investments in our customer proposition for the long term. Both the general merchanting and consumer divisions were held back by this investment in a higher cost base, which ran ahead of volume growth.'

Turning to the outlook, Carter said the company expected that a 'mixed market' backdrop would continue in 2018.

'As a result, we will be focusing capital investment behind our key priorities, and slowing investments elsewhere,' he said.

'The group will focus heavily on maintaining tight control of the cost base and expects 2018 performance to be similar to 2017.'

sp down 8% on profit warning

Travis Perkins , Britain's biggest supplier of building materials, said its 2018 operating profit would be in the lower half of the range of analyst expectations due to weak demand in its home DIY market, sending its shares sharply lower.

Chief Executive John Carter said the group had started a deep review of its business, focusing on its cost base because of a backdrop of "changing market conditions which are expected to continue for the foreseeable future"

A general theme ongoing. Construction based stocks taking a hit.

To me it has similar price action to 2006/7

First ones to go before the malaise set in for virtually all back then.

StockMarketWire.com
Builders merchant Travis Perkins said it would attempt to sell its plumbing and heating division as part of a broader corporate restructure that would also involve slashing costs and 'maximising the value' of its Wickes DIY chain.

The company said it would target annualised cost savings of £20-30m, to be delivered over the next 18 months.

Travis Perkins had been in the process of turning around the plumbing and heating unit, which had weighed on previous earnings results.

'Following on from the success of the plumbing and heating transformation programme, the board has concluded that as part of the process of simplification, now is the time to explore the potential sale of the division,' it said.

'This will facilitate more focused management attention and capital deployment on the higher returning areas, and creates further opportunities to simplify the group and reduce costs.'

Travis Perkins said it would swing its focus behind its trades businesses. Options for its Wickes DIY unit, meanwhile, would also be considered.

'As it is a predominantly consumer focused business, the board will also look to review the options for maximising the value of Wickes in the medium term,' it said.