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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Polypipe - Shares spike after strong interims

October 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.

  • Epic Code:
  • PLP
  • Price:
  • 287.5p
The shares spiked as high as 288p following strong interims with revenues, pretax profit and eps ahead 31%, 45% and 48% to £223.3m, £33.7m and 13.6p, respectively.Broker Deutshce Bank estimates that volumes benefited from some pull forward from H2 but Polypipe still outperformed the market by around 4.5%. Even excluding the first contribution from Nuaire, profits rose 18%.With order intake “remaining consistent with normal seasonal patterns”  forecasts could yet be raised later in the year. Its price target is 361p.We think the shares are ready for a further break-out. Keep buying. ...

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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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