Big drop Ok, just seen the 10% profits drop in the RNS.
Why the big drop? Surprised to see the big drop, any ideas why?
NEW ARTICLE: Likely winners and losers ahead of results season "Results time for listed companies is a case of managing investor expectations, and management can often issue overly cautious forecasts. It's a sensible practice to under-promise and over-deliver, as share prices typically rise and fall not on ..."[link]
P&H Division The Plumbing & Heating Division continues to hold this company back. A legacy of the BSS takeover with their low margin P&H contract customers.The proposals to merge PTS & City Plumbing field management structure is overdue. Also, by setting up a P&H supply chain structure separate from the Group supply chain implies to me they may be considering flogging off the P&H division at the some time soon. Would not shed any tears if they did this.DYOR,Cheers,
Re: TP Profit taking after the recent rise?I was tempted but think there's more to come here
TP Why the sudden correction? Thank you.
Q1 Update See the Plumbing & Heating division still dragging them down. But stonking performance from the Contracts division. Management tend to underplay prospects and them surprise later. I can see good upside in the medium term.... please dyor.
Odds on Just bought in. If they can't do well during this home improvement boom then they'll be taken out by someone who can. Check the number of skips and the amount of building materials being delivered in your street/town.
Re: 7.35% down on yesterday.... Thursday posted - What a buying chance with all of the UK needing housing long term and a chance for a quick 3% to 4% trade over a few days.Thursday low 1414Friday low 1404.5Todays high 1487AGK dropped today 12.29% as I write, expect a drop again on Wednesday, then a potential 3% to 4% rise.DYORSM
Re: TP The performance of the plumbing & heating division remains poor with little sign of improvement.
TP Someone is presumably disappointed!
7.35% down on yesterday.... .....with a drop on the previous days closing due to results. This is overkill. What a buying chance with all of the UK needing housing long term and a chance for a quick 3% to 4% trade over a few days.SM
NEW ARTICLE: Property panic claims mass casualties " It's been a shocking couple of weeks for the housebuilders. With the sustainability of sky-high house prices already causing serious concerns, a vote to leave the European Union was another nail in the coffin of this highly cyclical sector. Now, ..."[link]
NEW ARTICLE: 13 stocks most sensitive to EU vote result "Brexit remains the issue not just of the hour, and not even the next 14 days. The ramifications of the referendum on 23 June will likely be felt for years to come, and the impact on equities will be significant, for some more than ..."[link]
Which? Retailer of the Year Noted today that a Travis Perkins brand -Toolstation - has just been awarded "Retailer of the Year" by Which? Magazine. Got to be a positive sign if a well-run business.