Looks like a solid acquisition, and PLP trading in line with expectations. I did wonder why the share priced went up yesterday.
NEW ARTICLE: Trends and Targets for 3/08/2015 " POLYPIPE GROUP PLC. (LSELP) Starts our week looking at the Construction and Materials Sector. To deal with the sector index, it's looking capable of growth to around 5090. Currently trading at 5039, this should bode well for sector members ..."[link]
Analysis of PLP The EPS growth is expected to be 53%. (LP)" target="blank" rel="nofollow">[link] Anyone believe the analysts?
Numis: Polypipe looks positive Numis: Polypipe looks positivePlastic pipe manufacturer Polypipe (PLP) is well placed for medium term outperformance, according to Numis Securities.Analyst Cristen Hjorth reiterated his add recommendation and target price of 300p on the stock after the companys annual general meeting.Polypipe has maintained a positive trading performance in its main UK market and, as a result, management remain confident of meeting full-year expectations, he said.We therefore leave our numbers unchanged, but continue to argue that the group is well placed to outperform over the medium term, driven by macro improvement and its strategic growth initiatives, said Hjorth.According to the analyst, Polypipe trades on 14 times forecast earnings for next year and yields 3%.The shares added a penny to 289p. They have risen 16% this year.Plastic pipe manufacturer Polypipe (PLP) is well placed for medium term outperformance, according to Numis Securities.Analyst Cristen Hjorth reiterated his add recommendation and target price of 300p on the stock after the companys annual general meeting.Polypipe has maintained a positive trading performance in its main UK market and, as a result, management remain confident of meeting full-year expectations, he said.We therefore leave our numbers unchanged, but continue to argue that the group is well placed to outperform over the medium term, driven by macro improvement and its strategic growth initiatives, said Hjorth.According to the analyst, Polypipe trades on 14 times forecast earnings for next year and yields 3%.The shares added a penny to 289p. They have risen 16% this year.[link]
Re: Typical See, I just needed to have more patience! £2.87 as I write, seems like we have broken through the £2.80 barrier.
IC Tip At 259p (with forecast earnings of 19-20 this and next year):"Share tip summaryBuoyant prospects in vibrant markets such as electricity, water, sewage and roads offer plenty of growth potential for Polypipe. Yet that potential isn't yet reflected in a rating of just 13 times forecast earnings. That represents a hefty discount of about a third to peers Grafton and Howden Joinery. Buy."
Poised to break 2.80 [link]
Typical Two trading days ago I was hoping to see this break £2.80, now a c6% drop this afternoon for what looks like two trades (300k shares in total). Am still happy to hold and think the 26th (prelims) will be v positive, based on a continuation from the previous update.wm
About to breakout from 2.70 resisitance?? Hi All,After trading sideways for ages it looks promising that the resistance at 2.70 could be about to get broken to the upside.With oil price low I think this company is one that could benefit well from the drop in oil price for their raw materials getting cheaper to produce their product range..Fingers crossed 2.70 breaks and we see new highs very soon.GLTA
Standard Life topped up to 9% A little buying from their 8.59% reported
Started a small position Bought a few this am - liking the storm drainage range expansion.
Re: PLP Tipped Over The Weekend........ Polypipe Group Ords 0.10p broker viewsDate Broker Recommendation Price Old target price New target price Notes04 Dec Numis Buy 264.88 300.00 300.00 Reiterates02 Dec Deutsche Bank Hold 264.88 301.00 301.00 Reiterates19 Nov Canaccord Genuity Buy 264.88 281.00 281.00 Reiterates19 Nov Deutsche Bank Hold 264.88 278.00 301.00 Reiterates
PLP Tipped Over The Weekend........ scsw tipped as a buy again yesterday, from across the road.