Updates

Polypipe - Peel Hunt has 350p price target

January 2017

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 soared after Polypipe reported strong trading through its last four months with no impact on revenues or order intake since the EU referendum. As a result revenues for the 10 months to October were up by 23.7% at £370.3m, with 7.1% like-for-like growth. Both the residential markets and commercial & infrastructure increased sales 4.2% and 14.9% respectively. While weaker sterling has impacted polymer costs the group expects to recover these through price increases.Net debt to EBITDA is expected to be 2x and fall again to 1.6x by December 2017.Peel Hunt has increased pretax forecasts 3% to £60.5m for FY 16 for eps of 24p, rising to £68m and 27.2p for FY’17. Its target price is 350p.< ...

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Polypipe (May 2021)

Polypipe (September 2020)

Polypipe (July 2020)

Polypipe (October 2018)

Polypipe (June 2018)

Polypipe (October 2017)

Polypipe (June 2017)

Polypipe - Shares spike after strong interims (October 2016)

Polypipe - Plastic piping maker on low prospective PEof 10.4 (September 2016)

Polypipe (July 2016)

Polypipe (June 2016)

Polypipe (October 2015)

Polypipe - Maker of plastic pipes benefiting from multiple tail winds (May 2015)

Polypipe - Maker of plastic piping should benefit from housing upturn (May 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.

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