Updates

Polypipe

October 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.

Having broken through £4 earlier this year the shares have consolidated while Polypipe continues to make good progress. Interims showed an 8.4% rise in sales to £242m while pretax profit increased 5.3% to £35.5m.The UK residential division, which manufactures and sells plastic pipes into the residential sector as well as domestic ventilation systems, increased sales 9% and profits 7% helped by an uptick in activity from the national house builders. In contrast the UK RMI market (refurb, maintenance, improvement) remained stable and this is expected to continue. Price increases have been implemented to cover cost inflation but due to orders being pulled forward into December 2016, management believe underlying sale ...

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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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