Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The buy back programme has largely been ignored by the market, and the share price has actually fallen. In these uncertain times the aggressive payback of debt, of holding cash would make more sense than paying off those jumping ship. The same applies to the dividend, it is too high. Such luxuries are for debt free companies. At £22 this is value but if a recession bites they will rue the buyback programme and won't be thanked for it. $7b in debt should be addressed first before buybacks.
CRH PLC trading update yesterday bullish on second half. <a href='https://www.investegate.co.uk/crh-plc--crh-/rns/trading-update---april-2018/201804250700110051M/' target='window'>https://www.investegate.co.uk/crh-plc--crh-/rns/trading-update---april-2018/201804250700110051M/</a> <b>One Footsie dividend growth stock I�d buy and one I�d sell today Rupert Hargreaves | Wednesday, 25th April, 2018</b> Building materials company CRH (LSE: CRH) might not look like a traditional income stock at first glance, but current City forecasts suggest this business is going to grow into one over the next few years. Indeed according to City figures, over the next two years CRH�s dividend payout to investors is expected to grow by around 10% to �0.75 per share by 2019. But to me, this looks like a conservative forecast given CRH�s management has always prioritised investor returns. For example, the firm announced today a �1bn share buyback to return additional capital, even though trading during the first quarter has been mixed. Thanks to �prolonged winter weather conditions and the timing of Easter holidays� first quarter like-for-like sales declined 2%. Group earnings before interest tax depreciation and amortisation (EBITDA) are expected to be in line with last year�s print. Nevertheless, after this minor setback, management is expecting EBITDA to be ahead of last year in the second half �in the absence of any major market dislocations,� according to its trading update issued today for the three months ended 31 March. Improving the portfolio CRH�s management is always on the lookout for ways to improve performance. Thanks to these efforts, earnings per share have more than doubled over the past six years. And it doesn�t look as if the enterprise is going to slow down anytime soon. During the first quarter, the company spent �150m on six bolt-on acquisitions and is planning �1.5bn-�2bn for further portfolio divestments over the �medium term� as the group tries to streamline its portfolio and improve overall returns. While some of this divestment cash will be returned to investors, I believe some will also be invested in new growth opportunities. Analysts have pencilled in earnings per share growth of 24% of 2018, followed by 15% for 2019. Based on these estimates, the shares are trading at a 2019 P/E of 12.6, which looks to me to be too cheap considering CRH�s historical growth and income potential. The shares currently support a dividend yield of 2.6%. ============================================================================= I agree with the tipster the stock looks very cheap given EPS growth going forward. <b>Analysts have pencilled in earnings per share growth of 24% of 2018, followed by 15% for 2019</b> Never mind an income stock those figures e
This looks probably at least 10% undervalued presently but struggling to progress from current levels. No obvious reasons as to why. Results recently were very positive too. Any thoughts?,
Where do you see this going in the short to medium term?
To stay at this level it is doing well, with the biggest share of the profits being generated in Dollars but reported in Euro, EarlyLast year the exchange rate was heading for parity now it is 1.24. CRH is doing OK to stand still. The quick rise after Trumps win was the expected pick up in Road, Bridge and wall building none of which happened
Any thoughts on this short position opened by Bridgewater? What is going on with this share.. much positive news over the past six months yet here we are. It remains stubbornly anchored to more or less the same position!
You are not alone. Be brave
Hello, anyone out there?
Alun Griffiths Contractors Ltd
https://www.alungriffiths.co.uk/ Sucessful welsh family run business largest in wales t/o inexcess of 140m , owner retiring excellent purchase. News announced to staff
These guys are going to buy a company in the UK in the building / materials sector but which one ?
65000 shares offloaded on the bell, £1.8mill. Could this be the reason for the retrace this pm???
I'm new to CRH. I saw £200k bought above the ask at 2870 yesterday, and again today £200k above the ask at 2832 today. Is that normal here?
2016 – The Great Irish Share Valuation Project (Part II): Company: CRH (CRH:ID) Last TGISVP Post: Here Market Cap: EUR 22,579 M Price: EUR 27.40 https://wexboy.wordpress.com/2016/05/30/2016-the-great-irish-share-valuation-project-part-ii/ Price Target: EUR 24.53 Upside/(Downside): (10)%
Why the sell off?
Great up on reported sales increased 13% to €9.4bn in the six months to the end of June - down 1% in Europe and up 26% in the Americas.
CRH ready to add to $6.5 billion binge on Lafarge and Holcim assets: Irish building materials group CRH is still on the lookout for more acquisitions even as it prepares to integrate the $6.5 billion in assets it has acquired from Lafarge and Holcim.
*Support level 1830 not 1330
TARGET 1812 The Major trend of CRH PLC it is showing strength for selling If it breaks Support level of 1330 then it can show downside movement for the target of 1812 with the stop loss of 1848. Skype tayal.smith1
Hey!!!!!!! Yesterday I was told I was told I was the first poster ever on this board....:-) I guess the internet lied to me....oh well...
Irish Cement has confirmed that the Competition and Consumer Protection Commission carried out an inspection on May 14 at the company's plant in Platin, Co Meath. The competition investigation was looking for evidence that the CRH subsidiary is abusing a dominant position in the bagged cement market. Irish Cement is one of the largest players in the Irish market and is part of Ireland's biggest company, CRH, which has operations in Europe, the US and Asia. In a statement today, Irish Cement said it fully facilitated the inspection and is continuing to co-operate with CCPC. It added that inspections regarding competition policies, procedures and practices are an accepted part of the business environment around the world. "Irish Cement operates to the highest business standards across all elements of its operations and is confident that it has no issue in relation to competitive practice," the company added.
What a great deal they have done, well done Albert!
MY21..................Do you ever post any positive news?
CRH suffers as cracks appear in Lafarge-Holcim mega merger: Fears that Holcim’s €41 billion blockbuster cement merger deal with Lafarge is close to collapse has thrown into doubt CRH’s ambitions to become one of the world’s biggest building material companies.
Irish tradition: a fast-growing economy: Time to dust off the shamrocks, Guinness hats and other tired clichés of Irish culture. Time also to admire the re-emergence of another Irish tradition — that of the fast-growing economy. Barely a week goes by without encouraging data — strong figures on mortgage arrears, for example, or an upgrade to the outlook for the country’s banks from Moody’s. The Irish stock market’s ISEQ index, up a quarter in six months, has beaten Eurozone peers. The good news is being driven by strong fundamentals. Exports rose 13% last year, helping to drive a fall in unemployment. That in turn helped consumer confidence and the housing market. Ireland’s banks are feeling the benefit. Bank of Ireland swung back to profit last year on the back of a two-thirds drop in the impairment charge. So there are reasons for short-term caution. The medium term, too, holds possible challenges. What if the Irish economy — driven by low Eurozone interest rates — expands too fast? What if the U.K. — a leading trading partner — leaves the EU? The ISEQ, at 20 times forecast earnings, is taking such uncertainties in its stride. And while the good news keeps coming it can afford to: the recovery looks well-founded. But remember what happened last time it looked like Ireland was defying gravity.