Genuit Group (GEN)

Sector:

Construction and Building Materials

Index:

FTSE 250

436.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 444.00
  • 52 Week Low: 261.50
  • Currency: UK Pounds
  • Shares Issued: 248.16m
  • Volume: 112,318
  • Market Cap: £1,081.97m
  • RiskGrade: 82

Polypipe raises £96.3m in placing to help fund ADEY acquisition

By Michele Maatouk

Date: Thursday 11 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Polypipe said on Thursday that it has raised around £96.3m in a placing to help fund the £210m acquisition of magnetic filters maker ADEY.
The company placed just over 18.7 million shares at 515p each. This is a 0.2% premium to the closing mid-market share price of 514 pence on Wednesday. Polypipe said it was pleased by the "strong support" it had received from its existing shareholders and new investors.

The FTSE 250 piping manufacturer announced after the close on Wednesday that it had agreed to buy ADEY from private equity firm LDC and other shareholders. The rest of the consideration will be funded through existing debt facilities.

The acquisition, which is expected to be double-digit accretive to earnings per share in the first full year of ownership, is a "strong strategic fit", Polypipe said, broadening its UK residential offering in sustainable water and climate management.

At 0820 GMT, the shares were up 5.8% at 544p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Genuit Group Market Data

Currency UK Pounds
Share Price 436.00p
Change Today 2.00p
% Change 0.46 %
52 Week High 444.00
52 Week Low 261.50
Volume 112,318
Shares Issued 248.16m
Market Cap £1,081.97m
RiskGrade 82

Genuit Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
14.34% below the market average14.34% below the market average14.34% below the market average14.34% below the market average14.34% below the market average
75.61% below the sector average75.61% below the sector average75.61% below the sector average75.61% below the sector average75.61% below the sector average
Price Trend
85.83% above the market average85.83% above the market average85.83% above the market average85.83% above the market average85.83% above the market average
70.73% above the sector average70.73% above the sector average70.73% above the sector average70.73% above the sector average70.73% above the sector average
Income
26.73% below the market average26.73% below the market average26.73% below the market average26.73% below the market average26.73% below the market average
88.24% below the sector average88.24% below the sector average88.24% below the sector average88.24% below the sector average88.24% below the sector average
Growth
50.96% below the market average50.96% below the market average50.96% below the market average50.96% below the market average50.96% below the market average
56.1% below the sector average56.1% below the sector average56.1% below the sector average56.1% below the sector average56.1% below the sector average

What The Brokers Say

Strong Buy 5
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Genuit Group Dividends

  Latest Previous
  Final Interim
Ex-Div 02-May-24 31-Aug-23
Paid 05-Jun-24 27-Sep-23
Amount 8.30p 4.10p

Trades for 08-May-2024

Time Volume / Share Price
11:42 107 @ 436.00p
11:42 135 @ 436.00p
11:42 271 @ 436.00p
11:42 270 @ 436.00p
11:42 84 @ 436.00p

Genuit Group Key Personnel

Chair Kevin Boyd
CEO Joe Vorih
CFO Tim Pullen

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