Updates

Polypipe

October 2018

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.

Polypipe, the manufacturer of plastic piping and ventilation systems, produced resilient interim results for the six months to June. The company had to bear delays to new orders caused by bad weather and other project delays in road and commercial projects but still achieved consensus forecasts with pretax profit falling 4.6% to £32.9m on sales of £210m (H1 2017: £210m). Strong cash flow reduced borrowings with net debt/ EBITDA just 1.7x versus 2x in 2017.The resilient performance came thanks to its UK residential systems side, which grew sales 5.9% to £119m driven by new housebuilding growth (helped by Government schemes like ‘Help to Buy’). However, the RMI (repairs, maintenance) sector continu ...

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Polypipe (May 2021)

Polypipe (September 2020)

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Polypipe (June 2018)

Polypipe (October 2017)

Polypipe (June 2017)

Polypipe - Peel Hunt has 350p price target (January 2017)

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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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