The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Sales firm at Travis Perkins Date: Monday 09 May 2011 LONDON (ShareCast) - Builders' merchant Travis Perkins said revenue rose 5.9% for the four months ended April 2011 as it gained a bigger market share. The owner of DIY and home improvement products supplier Wickes said it was pleased with the overall progress of the group despite markets that continue to offer little or no growth. "We continue to take market share against a tough market backdrop, confirming the sustainable strength of our organic growth strategy," said chief executive Geoff Cooper in Monday's company statement. The DIY retailer said like for like revenue at its builders merchanting division rose 12.8%. At Wickes sales were up by 1.9% while at its plumbing and heating business BSS sales rose 2.3%. Current trading is in line with management expectations as a strong sales performance outweighed a slightly lower gross margin in merchanting, the group said. Travis Perkins said its underlying net debt fell to £50m to £724m in the first four months of the year.
interesting article. Thanks
was this just following the market or was there disappointment following results? I thought they were fairly up beat, any of you more enlightened folk out there shed any light on this drop? Do you think we are heading back to the 800's - the climb to 1000 plus was quite rapid do you see a re-trace?
Travis Perkins (TPK) Although this is a rare charting configuration, having new support nearly 10% above previous resistance, it is a classic bull situation at Travis Perkins. Indeed, while there is no end of week close back below the post December support at 991p we are looking at a minimum retest of the January 1,134p intraday high. Says chartist Zak Mir
Not a bad divi either 10p per share for finals...thank you
Geoff Cooper, Chief Executive, commented: "The Group made excellent progress in 2010, a year in which our organic development strategy, against a background of depressed levels of construction activity, produced a strong financial performance. The Group achieved further market share gains and impressive increases in profits. The Group's strategic position and prospects in the UK have been considerably strengthened through the recent completion of the BSS. "Our three main targets for 2011 are to drive organic growth, drive cash generation and to integrate BSS to get the best out of the acquisition. We have made a strong start to 2011 and consequently we look forward to another year of good progress."
GROWTH IN A FLAT MARKET DRIVEN BY OUTPERFORMANCE IN EVERY BUSINESS FINANCIAL HIGHLIGHTS · Group revenue up 8% at £3,153m, up 5% on a like-for-like basis · Adjusted profit before tax up 20% to £217m · Adjusted EPS up 5% before consolidating BSS, up 3% to 77.2p on a reported basis · Adjusted group operating margin before BSS impact increased by 0.1% to 7.8% · Net debt reduced by £205m before the effect of the BSS acquisition and the one-off pension contribution · Year end net debt was £774m. Adjusted net debt to EBITDA was 1.92x (note 12) · Travis Perkins pension fund into surplus of £32m · Final dividend of 10p per share making a total dividend of 15p per share · BSS acquisition completed on 14 December 2010 for £799m enterprise value OPERATING HIGHLIGHTS · All 11 group businesses performed better than the market with outperformance of around 4% in merchanting and around 6% in retail · Focus on operating and financial performance maintained against background of completion of the acquisition of BSS · Strong like-for-like performance in merchanting with increase of 7.3% · Retail like-for-like sales increase of 0.2%
http://www.investegate.co.uk/Article.aspx?id=201102230700126835B
Wed, 23/02/2011 - 00:00 | Fiona Bond Travis Perkins (TPK) takes to the stage today and following on from its acquisition of BSS in December, analysts are expecting further detail on the deal which should prove positive for market sentiment. "After a strong like-for-like sales showing to November, and weaker December as a result of the weather, there will be a focus on how January has fared and also how Travis management sees the full year. "We believe BSS adds a strong growth dimension to Travis' existing ability to outperform the peer group operationally and argue that the shares are too cheap, especially on 2012 estimates when BSS will be fully integrated," said Numis analyst Howard Seymour.
Forecasted end of year share price anyone...?
a trade worh over a million pounds went through just after the close today ( 16 35) can someone confirm its a buy? and if it is what effect will it have on the sp?
There are a couple of shorts on this today - firstly HSBC has increased its short position here: http://www.investegate.co.uk/Article.aspx?id=20101108102100H9961 By what appears to be 408,000 shares And on the back of this so have nomura Intl. of 110,000 shares. http://www.investegate.co.uk/Article.aspx?id=201011081244157948V
I supply Travis , and they are buying alot more from us this jan than last even with the bad weather, they are doing really well i am sure there profits will be up this year.
1. I chose tpk board by total fluke..but hey, look at their figures! I must have magic fingers?? 2. advice on free live prices or do i take level2? 3.level 2..can i transfer all my figures onto platform and get immediate updates on mu fortune..i mean portfolio 4. thinking of getting a laptop sitting next to my home computer..flashing latest prices..which laptop? 5. I know you cannot say too much about your job, but give me a clue? (were you happy 2 weks ago?) thanks robin
hi f1..I've just tried that??!! but when i clicked on themed..brings me back here??
go onto chat
if you go to share chat (left hand side panel the general chat and select themed ) you can put your chat there instead of going onto a bb
what you do in F1?
i got in at 3.2 a while ago so slight movement, in a wide variety of shares so fingers in lots of pies!
robin i work in f1 for my sins!!! Always available for a chat my friend
sorry guys..i was away..hoping we can catch up soon. figuru, have read your posts before..looking forward to picking your brain soon..would that be ok? shareprice.co.uk/ advanced for my free live prices..but tempermental..any ideas? ps.I've met Malliya (force India)..take it you like F1?
I had a look at the sp movment and it seems that it did not go that far since July, so now might be a good entry time if there is good news coming
I had a quick look at the board and the news. Seems good, but did the sp moved in the last few months. What was your entry price in WAD, and why the spread is that big (33%), is 4.25p a good entry or can I get it cheaper? Best