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Travis Perkins - Builders merchant enjoys favourable conditions in construction

April 2002

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.

  • Epic Code:
  • TPK
Travis Perkins, the builders merchants, have announced better than expected results, with pretax profit increasing 23% to £120m, on a 8% rise in sales to £1.28 billion. Earnings were 76.6p. TravisPerkins is the third largest supplier of timber, building, plumbingmaterials and heating equipment, predominantly to trade customers,such as jobbing builders.  The group now has 502 branches, givingit  a 13% share of the market and it boldly claims to be able topush this to 18% in the medium term, partly through acquiring bolt-onacquisitions of small independents.  This would underwrite itstarget to continue growing earnings at a 10% annual clip. Broker,HSBC, has slightly upgraded earnings forecasts  to  ...

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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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