Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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Doubts of Holcim merger hits Irish firm’s share price: Shares in Irish building supplies company CRH plummeted amid reports that a merger between Swiss cement maker Holcim and its French counterpart Lafarge could fall apart.
CRH reported strong growth in operating profit for 2014, as a recovery in its US markets gained momentum and markets in Europe stabilised, and it predicted a strong 2015 as it looks to take advantage of falling commodity prices and further improvements in its markets
CRH: changing the mix: Back in 2012 it was €15 million. In 2013 it jumped to €26 million. Last year it fell to €9 million. CRH’s average acquisition size moves around a fair bit. But there is a common theme — it is not a very large number. Until now. The building materials producer is proposing a €6.5 billion deal, breaking with years of tradition to snap up assets that Holcim and Lafarge need to sell. To put that €6.5 billion in context, it is equivalent to a third of CRH’s enterprise value and is more than the company has spent on acquisitions over the past eight years combined. Worrying, to say the least. And the price does not look excessive. The enterprise value of the assets is 8.6 times historic earnings before interest, tax depreciation and amortisation (or 7.7 times if €90 million of annual synergies are included). CRH itself has traded at an average of 9 times over the past decade, and its recent disposals have fetched double-digit multiples. But look at the change in the business mix. Pre-deal, CRH derives 56% of its ebitda in the (recovering) U.S. and 31% in (stagnant) Western Europe. Post the deal that will change to 38% in the U.S. and 36% in Western Europe. There is some mitigation. Much of the new European exposure is in the U.K., which is doing better than the continent. And CRH is talking to KKR about bringing outside finance into the U.K. assets. That would shift some exposure off CRH’s books. But it would leave the deal looking messy, as well as big.
Bain acquires British brick maker: U.S. private equity giant Bain Capital acquired one of Britain’s oldest and largest brick makers from Irish building products firm CRH in a deal worth £414 million
the divestment of Ibstock, Forticrete and other companies is all prepartion for when CRH start picking up the leftover assets from the Lafarge/Holciem merger next year.
Building materials group CRH saw a severe slowdown in growth in the third quarter as like-for-like (LFL) sales in Europe slipped, but said it still expects profits to grow around 10% this year. LFL sales across the group increased by 3% in the three months to September, down from 5% in the first half, as 6% LFL growth in the Americas regions was partly offset by a 2% LFL fall in Europe.
Well I bought this again just before finish, This has to have good announcement in morning or I be losing some dosh on cfd. Way I see it , it may drop for approx first hour after opening, then BANG.....it will then make up rapid ground for the last two bad trading days. Be fearless when others are panic selling.
Only way is up IMO
Back down below its opening price this morning...imo a very good buy to go LONG
Possibly one for grandchildren at this stage?
LOST INTEREST LONG TIME AGO,,,,,,,,,
has anybody out there any interest in this share/good or bad?
can you please back up your prediction with hard facts.... I see this share as steady as she goes... needs to go a lot more north yet for me to break even. I am relying mainly on a takeover rumor or an actual bid to move this share big time.... I live in hope
How' LONG' is this 'piece of string'@
Now is the time to buy this before take off = LONG
2014 – The Great Irish Share Valuation Project (Part VIII) I take a look at CRH, plus a batch of other Irish stocks: http://wexboy.wordpress.com/2014/04/17/2014-the-great-irish-share-valuation-project-part-viii/ Cheers, Wexboy
sale of non performing assets in Ireland in cluding land bank near port of foynes which is worth £20 million an internationall exporting co are likely to pick this site up
with a strong exposure to s e asia.http://blogs.reuters.com/anatole-kaletsky/2014/02/24/the-case-against-a-chinese-financial-crisis/
Hi ;opusguy-I feel better already
SP here moving north after Board announced that they see profit return in 2014. Still a bit to go for me before I am back in profit.
Im buying into this tomorrow morning, hopefully a nice steady rise over next week or so.
I see there was a sell at 17.01pm of 59,175 shares @ £15.80, will this be the opening price tomorrow morning,? It is listed as an Ordinary Bargain Trade
http://www.businesspost.ie/#!story/Home/News/CRH+issues+%E2%82%AC750m+of+notes+through+Finnish+subsidiary/id/19410615-5218-5254-272d-61b739920088
CRH: Jefferies cuts target price from 1770p to 1700p, while keeping a buy recommendation. Deutsche Bank reduces target price from 1580p to 1500p and retains a buy recommendation
Hi opusguy;good to hear from you;agree with your comments/myself in same boat.