A director at CRH sold 7,000 shares at 100.816USD and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Clo...
PX Forming Coiled Spring Between 4200 and 4050 We continue believe that upside is limited with the S&P 500 testing the top-end of our anticipated 2023 trading range (4165-4200). Our gameplan remains unchanged; reduce risk near resistance (where we are now) and add risk near support (the December 2022 lows at 3765 and/or the 2022 lows at 3490). Therefore, we continue to recommend a tactical overweight to defensives (Consumer Staples, Utilities, Health Care, and gold miners). A break above 4200 o...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
On July 16, CRH announced the sale of its European distribution business to Blackstone for EUR 1.6 billion in cash. After accounting for year-to-date portfolio changes, the European distribution business generated EUR 3.7 billion in sales and EUR 155 million in EBITDA. We think CRH received slightly above fair value for the asset sale, slightly offset by a stronger U.S. dollar since our last update. Having updated our model to reflect these changes, we’ve raised our fair value estimates to $3...
On July 16, CRH announced the sale of its European distribution business to Blackstone for EUR 1.6 billion in cash. After accounting for year-to-date portfolio changes, the European distribution business generated EUR 3.7 billion in sales and EUR 155 million in EBITDA. We think CRH received slightly above fair value for the asset sale, slightly offset by a stronger U.S. dollar since our last update. Having updated our model to reflect these changes, we’ve raised our fair value estimates to $3...
On July 16, CRH announced the sale of its European distribution business to Blackstone for EUR 1.6 billion in cash. After accounting for year-to-date portfolio changes, the European distribution business generated EUR 3.7 billion in sales and EUR 155 million in EBITDA. We think CRH received slightly above fair value for the asset sale, slightly offset by a stronger U.S. dollar since our last update. Having updated our model to reflect these changes, we’ve raised our fair value estimates to $36...
CRH's companywide sales rose 7% year over year in the first quarter, benefiting from higher volume from milder weather as well as pricing increases. The first quarter is typically subject to seasonal weakness, but the strong start across all three segments bodes well for the full year, barring adverse weather. CRH guided to first-half group EBITDA above EUR 1.5 billion and second-half EBITDA ahead of last year’s EUR 2.2 billion. We forecast roughly EUR 3.8 billion in 2019, so the company's gui...
CRH's companywide sales rose 7% year over year in the first quarter, benefiting from higher volume from milder weather as well as pricing increases. The first quarter is typically subject to seasonal weakness, but the strong start across all three segments bodes well for the full year, barring adverse weather. CRH guided to first-half group EBITDA above EUR 1.5 billion and second-half EBITDA ahead of last year’s EUR 2.2 billion. We forecast roughly EUR 3.8 billion in 2019, so the company's gui...
In 2018, CRH's EBITDA rose 7% over the prior year to nearly EUR 3.4 billion. Acquisitions boosted results, as organic EBITDA growth was slower at 3%. Continued stabilization in Europe and strength in the Americas helped offset continued challenges in the company’s Asia businesses, where EBITDA fell 44%. CRH did not provide specific 2019 guidance other than signaling continued progress across all three markets. We forecast 13% EBITDA growth in 2019, with nearly one third stemming from synergy ...
CRH operates in six reporting segments: heavyside, lightside, and distribution in Europe; materials and products in the Americas; and Asia. Materials produces building materials, products creates value-added concrete products, and distribution sells building products to contractors, builders, and individuals. Despite customer and product diversity, we think performance is ultimately driven by construction activity as a whole, which itself is determined by the economic health of each segment’s ...
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