A value-added distributor that's Rocketing Profits

Hello, Share Casters. Covid continues to hold down construction projects. But once the plague is under tight control we can expect the sector to boom again. So it could be useful to buy building-related shares now. I’ve recently commended housebuilders to you, but you might also consider a leading value-added distributor in North America, offering underground infrastructure to plumbing, appliances, lighting, HVAC, commercial mechanical and more, Ferguson plc (FERG).

With Plumbing Parts Set to Boom, Fergie the Big Distributer could See its Shares Climb

Hello, Share Pickers. With cold night drawing in, you can expect plumbers to be busier. Mending worn-out boilers, ancient radiators and leaky pipes brings me to today’s choice for your further investigation.

Ferguson (#FERG) – trading on NYSE to commence today, currently retains London listing

Ferguson (#FERG) – applied to additionally list on NYSE, expects it to be “in early March”

Ferguson (#FERG) – completion of disposal of Wolseley UK, special dividend planned

Ferguson (#FERG) – agreement to sell Wolseley UK for net approximately £308m

Ferguson (#FERG) – 1st May-21st July continuing operations revenue -3.6%

Ferguson (#FERG) – quarterly revenue -2.2% after April -15.3%

Ferguson (#FERG) – to seek shareholder approval for additional listing in US & “within 12 months” of that intends to seek such approval to relocate primary listing to US

Ferguson (#FERG) – up to $500m share buyback programme over the next year

Ferguson (#FERG) – consultation with institutional shareholders on either a primary or additional listing in US

Ferguson (#FERG) – Q1 organic revenue +2.5%, confidence in FY expectations

Ferguson (#FERG) – intention to demerge Wolseley UK, CEO to “step down” in November with CEO of US operations taking over

If Ferguson wants to run off to the US market...so be it

A couple of days after Greene King (GNK) got scooped up by a Hong Kong billionaire, and on the day that Cobham (COB) announced the scheme particulars for its mooted takeover by a US peer, I read that plumbing and bathrooms kit company Ferguson (FERG) is thinking about switching to a US market listing. So woe betide the future of the UK market? In my opinion not at all...but you just have to face facts…

Ferguson (#FERG) – Stark Group transaction competition clearance received, expects disposal to complete at end of month

Ferguson (#FERG) – Q1 7.6% organic revenue growth, expects FY in line with expectations

Ferguson - fifty quid again, flippin' heck...

The fine office of Wikipedia informs me that: 'Ferguson is a Scottish surname and given name. The surname is a patronynic form of the personal name Fergus. The name Fergus is derived from the Proto-Celtic elements *wiros ("man") and *gustus ("vigour", "force", or "choice"). Well...you learn something new everyday. Additionally as of a few weeks ago it is the new name of the old Wolseley (WOS, now FERG), the FTSE-100 plumbing and heating kit stalwart.