|No. of shares out||252m|
|No. of shares floating||232m|
|No. of employees||29,776|
|Trading volume (10 day avg.)||0.7m|
|Profit before tax||£465m|
|Earnings per share||92.17p|
|Cashflow per share||142.89p|
|Cash per share||110.38p|
Stars aligning at Travis Perkins, says AJ Bell
The stars are aligning for builders’ merchants Travis Perkins (TPK) and it is onto a win-win situation even if the housing market slows, says AJ Bell.
The business has simplified its structure, reinvested, and trading is picking up at Wickes, with operating profit improved in the second half of the year. The shares jumped 11.6% to £14.17 yesterday.
Even a sluggish housing market may be good for the company as ‘a large part of its business is driven by repair, maintenance, and improvement’, said analyst Russ Mould.
‘One could conclude there is a win-win situation for Travis whatever happens with the property market,’ he said.
‘Though sadly it will not be immune to an economic downturn, for now the business is looking a lot more promising than it has done for some time.’