Updates

Polypipe - Forecast eps of 24p for the full year

September 2016

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.

The shares ‘popped’ over 300p before retracing after an impressive H1 with the company saying H2 has seen no discernible signs of weakening following the EU Referendum. As it was, H1 sales were up a third to £223m. Pretax profit and eps were up 45% to £33.7m and 13.6p, respectively.Polypipe is the UK’s largest manufacturer of plastic piping systems and is clearly a bellwether for UK construction, which accounts for 75% of sales. These interims show that excluding the acquisition of Nuaire, sales were up 8% organically.Polypipe is targeting structural growth in three areas; substitution of copper and cast iron with more reliable plastics, water management and carbon efficient solutions.The R ...

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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.

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