BRIEF-CRH sees UK activity bottoming out at very low levels

Nov 26 (Reuters) - CRH PLC conference call with analysts:

* CRH CEO ON CAPITAL ALLOCATION, WOULD EXPECT TO CONTINUE WITH MORE OF THE SAME IN 2020

* CRH CEO SAYS LOTS OF ACQUISITION OPPORTUNITIES OUT THERE IN THE U.S., STILL BEDDING DOWN RECENT DEALS

* CRH CEO SAYS DOES NOT WANT DISTRACTION OF TAKING ON MANY BIG DEALS RIGHT NOW, BUT WILL NEVER SAY NEVER

* CRH CEO SEES UK MARKET BOTTOMING OUT AT VERY LOW ACTIVITY LEVELS, WELL POSITIONED TO DELIVER ON LARGE INFRASTRUCTURE PROJECTS

* CRH CEO SAYS CAN TAKE IT THAT DISPOSALS OF UNDERPERFORMING BUSINESSES IS AN EMBEDDED PART OF GROUP STRATEGY

* CRH CEO SAYS HAS A POSITIVE OUTLOOK ON CURRENT US CONSTRUCTION CYCLE

* CRH CEO SAYS IF UK STRIPPED OUT OF EUROPEAN NUMBERS, MARGIN WOULD IMPROVE TO +40 BPS FROM -40 BPS Further company coverage: (Reporting By Padraic Halpin)