Updates

Polypipe - Results at the top end of forecasts - beneficiary of low oil price

December 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Polypipe has issued an update that said it expects full year results to be at the “top end of market expectations.” No surprise really given that the business is leveraged to the UK construction recovery and has a huge operational gearing to volumes.Revenue for the ten months to 31 October were +9% overall with strong growth in the UK market (+13% to £244.9m) driven by growth in the residential new build and water management segments. This has been offset by challenging conditions in the smaller French unit (-8% to £47.2m). Operating margins in both divisions remain ahead.Polypipe has also announced the £0.3m bolt-on acquisition of a small UK ventilation business, which is in line with the strate ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Majestic Wine - Sterling strengthening helps

Flybe

Polypipe (May 2017)

Polypipe - Forecast eps of 24p for the full year (September 2016)

Polypipe - 15% upgrade to eps (September 2015)

Polypipe (September 2014)

Polypipe - 24% market share of plastic pipes and fittings (June 2014)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X