The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Seems like markets did not like the trading update?
People are spending more money on their homes and less on travel. Working from home has refocused consumer expenditure on their properties. I bought in here about a month ago and see it heading back to its year high like Kingfisher. Should be some news in September that will hopefully be positive. Good to see that the brokers have turned positive too.
Agree. Starting to do what we always knew it would.
Some nice, slow progress here recently, todays rise on the back of a broker view a welcome bonus.
Yep the recent drop seems a bit odd given the demand for DIY goods currently and in recent months.
I work in this sector and regularly use TP. I cannot stress enough having spoken to the branch manager several times over the last couple of months just how busy they are, 5 day wait for a delivery and that has been ever since the easing of lockdown allowed them to re open, they have been busier than ever and it is continuing to this day. Dont forget that Wickes and Toolstation are in the same group just to name a couple.
My logic way back was that DIY would do OK through this period. Did look at Kingfisher but decided against it as too risky - TPK represents a much more dependable investment. Looks like this is being reflected in the SP. Holding for circa £14 which, I feel, is perfectly achievable over time.
Be interesting to see if we have been enjoying similar increased sales when we see the delayed Trading Update in September, although the last update didn’t suggest this was the case.
If the Govt is set to encourage more house insulation then surely this company will benefit.
Not trying to clutch at straws here (already confident that TPK is a safe bet) but doesn’t this kind of statement from BoJo bode well for this company..?
Funnily enough, I’ve got a contrary view! Just took a position here today, based partly on personal good experience of Wickes online delivery during Covid! Wouldn’t be the first time I got something fundamentally wrong though!
Can understand closures
Tried to order click and collect told had to register
Then not allowed as Covid a disaster
Not easy to deal with as a company
Used Tesco and amazon during lock down big winners easy to deal with. Looks like travis Perkins not not very good at adapting- great shame!!!!
Sold out this morning as started to get spooked about all these store closures. The market however seems not to be affected by the news, indeed they may look upon it as a good move. Heyho, will watch with interest and hopefully get back in soon.
Might not keep
You awake but certainly some
News to wake up to tomorrow when eating your cornflakes
Hi all.
My first post on this site having been learning fast over the last couple of months (including the valuable lesson that day trading is not for me and also that around 50% of the contributors on the various forums have hidden agendas..!).
I agree that TPK is one of the safest investments on here. Managed to get a decent size buy in at £6.50 early on during the biggest drop and did really well by selling in the space of just a few days. Have since reinvested circa £10k worth and also have a target price of £14.00 which I think is very realistic.
Of all my portfolio this is the one that does not keep me awake at night!
Best of luck all.
I have recently bought in here. Regularly use a couple of local branches and the last 6 weeks since re opening have been busier than ever, and that was speaking to the manager who has been there a lot of years.
Just checking if anyone still in here. This proving to be one of my more stable and steady Eddie investments. I have had fun trading IAG and BP but this just seems to be happy to continue its slow tick on north. My initial target 1400 and see no real reason why that cannot be achieved.
Veteran10......Good luck, nice to see others here, as they say let the trend be your friend, a very slow and steady rise is fine by me. Merchants starting to really ramp up now from what my builder friend tells me. Everyone desperate to get stock as has been in short supply.
Bought in today, quality outfit which will bounce back as lockdown eases.
Tincup....cheers, I sold some TUI last week to top up here.....needless to say TUI up 15% today!
Still, I think this now a good longer term hold which may not give the big jumps up and down but a nice steady tick up every week would be better for the nerves.
Im here not much help though..
Gone with tperkins greggs and rr and prem this week for 10 percent .. lets see.. still doesnt feel right though for big bets..mearsk menzies iag all looking at bottom but we just dont know.
Vans back on the road builders itching so thats my punt on TP..
I feel lonely, anyone else in here at the moment? I see a slow steady growth here over the next few months. Happy to continue to hold as the building sites re open and material demand ramps up.
One of my best sailing pals is a small property developer and builder in Lincolnshire. He says once the building sites re open (next week) there will be a real rush on to buy materials as at the moment all stock of anything has been used up.
TPK are one of the companies that will benefit from this mad dash, based on that I have taken a small punt here as I feel building will soon be back on track as things ramp up.
Im hearing that its very soon
LONDON, May 8 (Reuters) - Travis Perkins, Britain's largest distributor of building materials, reported a 7.3 percent increase in first-quarter underlying sales which it said reflected improved customer service and a weak comparative number last year.
The group, which trades from over 20 brands including Travis Perkins, Wickes and Toolstation, set out a plan in December to deliver better service to its mainly building trade customers and to simplify its overall business.
It said on Wednesday that plan was making progress. First quarter like-for-like sales were up 10.6 percent in its main merchants division, were up 10.5 percent in its Wickes home improvement business and up 19.1 percent in Toolstation.
The group said like-for-like sales in its plumbing and heating business fell 4.0 percent, reflecting Britain's mild winter. It said work to operationally separate plumbing and heating was progressing to plan and was expected to be completed in the second quarter.
Given uncertain market conditions Travis Perkins said its overall expectations for 2019 were unchanged. In February the group forecast adjusted operating profit in 2019 to be similar to the 375 million pounds ($490 million) made in 2018.
Travis Perkins said in March its veteran chief executive, John Carter, will step down in August and be succeeded by Nick Roberts, the current boss of engineering firm Atkins.
Shares in the group, up 31 percent so far this year, closed Tuesday at 1,404 pence, valuing it at 3.6 billion pounds. ($1 = 0.7652 pounds) (Reporting by James Davey; editing by Kate Holton)