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Alumasc Group Share Chat - ALU

Share Name Share Symbol Market Type Share ISIN Share Description
Alumasc Group LSE:ALU London Ordinary Share GB0000280353 ORD 12.5P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.00 +1.33% 152.50 150.00 155.00 152.50 150.50 150.50 142,333 14:25:32
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 113.4 5.1 11.3 13.5 54.65

Alumasc Share Discussion Threads

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Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  >>
Good trading update last week plus sale of loss making non core subsidiary for cash consideration. Thus no surprise to see this beaking out on a rerating. Was lowly rated anyway IMO. Dipped my toe in here and will look to add.brownie69
Yes, excellent news on trading and sale of a none building unit announced after the bell.royaloak
Trading statement imminent?orb1
Yes 20.02 issue.the diddymen
I didn't see it but i assume that they were tipped in last weeks IC.spooky
Doesn't seem to have done the price any harm! There isn't any more news AFAIK.pvb
Paul Hooper likes ALU! http://uk.advfn.com/news/UKREG/2015/article/65483950pvb
Peel Hunt have upgraded current year earnings expectations to 17p; with a 4% yield, ROE and ROCE above 20%, a business disposal imminent and trading at 7.5 times, the shares are too cheap.spooky
Whilst the results were pretty good and the market certainly seemed to agree there were a number of niggles for me. 1. The comment about the results not being skewed to the second half, unlike in previous years suggests to me that we are being guided into not expecting too much for the second half of the year. 2. I suppose related to point one, the lack of any big projects for the solar shading business may mean that this one struggles, although the roofing and walling business should counteract this. 3. ALU still don't seem to be able to make any meaningful cash - despite these record results, cash conversion was not great and the net debt is the same level as a year ago despite the sale of the profitable Pendock business which brings me onto... 4. The cash situation will be vastly improved by the sale of the APC business and if management manage to get book value for this, I think it will be a very good bit of business but they may struggle to offload a business that despite having everything thrown at it, remains loss making in a very competitive environment that is losing customers. I am sorry to be a bit negative on this share, I really want it to be succesful as it was one of my first investments back in the day when I used to base my decisions on dividend yields and not much else but I don't think we are quite there yet. Of course a pick up in commercial construction would be a great benefit and the general construction pick up in this country will help too so the good times may not be far away but just thought I'd give my two penny's worth...nehpets81
Good results 17% earnings increase, 14% dividend uplift, debt level unchanged at £7.7M'n (although this should be reduced after the proposed disposal of a non core business) and best half year results since 2008. The anticipated increase in house building over the coming years will hopefully ensure the share price continues on its upward trajectory.investoree
Good post Investoree, thanks.pojscott
The only thing that I can think of is that they use a lot of aluminium in their products and aluminium is currently close to a record high despite many other metal prices falling through the floor. Rexham recently took a bit of a hit because of the high aluminium price and clearly we are not immune. Many of my engineering stocks have been getting badly trashed recently with the exception of Hayward Tyler (HAYT) who having reported excellent results recently had an initial drop in their share price which prompted me to make another small top up - thankfully the share price immediately responded by bouncing back. As I am aware that this is an illiquid stock I have always topped up on weakness over the years provided there is no logical/real reason for the fall. I will continue to hold my ALU and may top up if the price falls slightly lower and then bounces with conviction. I have caught far too many falling knives over the last few months and funds available for investment (as opposed to trading which has never worked for me) are becoming rather depleted. GLA for those who continue to hold.investoree
Big drop---anyone any info???pojscott
why the 8% drop?rimmy2000
Good to see your confident to predict a little higher share price diddyman :)) Nearly back to the good old days.battlebus2
172p is a bit ambitious! A little firmer maybe.the diddymen
Alumasc Group plc (LON:ALU)‘s stock had its “buy” rating reiterated by equities research analysts at FinnCap in a research note issued to investors on Tuesday. They currently have a GBX 172p target price on the stockphilanderer
http://uk.advfn.com/news/UKREG/2014/article/62681651 Oh dear!pvb
Similar thought I feel scotch broth http://Www.privatepunter.co.uk/hastings
Results not showing the growth I was looking for,but they do justify the present share price.Pity they reported on the day after New York fell over 300 points.scotch broth
Alumasc's best H1 earnings performance for five years. -- 11% increase in underlying profit before tax, on group revenues down 4%, reflects improved overall margins, better than expected cashflow and a lower interest charge for the period on reduced net debt. -- Building Products revenue down 5% to GBP42.4m, due to lower revenues from the GBP12m Kitimat contract in Canada and completion of work under the Community Energy Savings Plan last year. "Recurring" divisional revenues up 5%. Divisional profit close to prior H1 levels, assisted by recovery in roofing (with green roofing back in profit), a first full H1 contribution from Rainclear and a strong performance from rainwater and drainage, all resulting in improved margins. -- Engineering Products achieved operating profit of GBP0.1m (H1 2012/13: GBP0.3m loss) on revenues up 2% to GBP15.5m. Alumasc Precision Components remains in loss although there is increasing confidence that further progress can be made to improve the operational performance of the business, with new work from existing customers expected in H2. Dyson Diecastings delivered a record H1 performance. -- Net debt of GBP7.7m at the period end was unchanged on the level at 30 June 2013 with advance payments on construction projects now expected to unwind in H2, giving rise to an anticipated cash outflow of GBP1.3m. Average net debt in the period was the lowest since 2007. -- Interim dividend increased by 10% to 2.2p (2012/13: 2.0p).battlebus2
The share chart says "yes". ;-)pvb
Topped up again today and up it went another 2p.I am hoping for good results next Tuesday.scotch broth
Recently bought in (along with carillion) . Underlying eps last year was 10.7p. Should benefit from building and construction recovery. Reasonable yield meanwhile.puku
Interim results out on 4th February. http://uk.advfn.com/news/UKREG/2014/article/60586689pvb
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