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ALU Alumasc Group Plc

172.50
-1.50 (-0.86%)
Last Updated: 09:00:05
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Alumasc Group Plc LSE:ALU London Ordinary Share GB0000280353 ORD 12.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50 -0.86% 172.50 170.00 175.00 174.00 172.50 174.00 12,710 09:00:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Construction Machinery & Eq 89.57M 6.6M 0.1844 9.35 61.77M
Alumasc Group Plc is listed in the Construction Machinery & Eq sector of the London Stock Exchange with ticker ALU. The last closing price for Alumasc was 174p. Over the last year, Alumasc shares have traded in a share price range of 133.00p to 189.00p.

Alumasc currently has 35,806,000 shares in issue. The market capitalisation of Alumasc is £61.77 million. Alumasc has a price to earnings ratio (PE ratio) of 9.35.

Alumasc Share Discussion Threads

Showing 476 to 500 of 975 messages
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DateSubjectAuthorDiscuss
03/9/2015
07:30
Building and construction set to strengthen over the coming year by some way cestnous - that's where these are going to really benefit going forward imo.

Broker upgrades should be decent imo - this years results have already beaten next year's forecasts.

All imo

CR

cockneyrebel
03/9/2015
07:17
Pension issue notwithstanding, I still expect this to grow strongly over the coming months as the restructuring pays off. Well pleased with those results. The market doesn't appear to agree with you MG.
cestnous
03/9/2015
07:05
Fwd PE of around 8 here and a 4% yield by the look of it imo

I did reply to you on my thread spooky - hope you saw it yesterday.

Cheers

CR

cockneyrebel
03/9/2015
07:00
Look at note 9. to the accounts, this is the basis of broker estimates. Pension issues are a more complex subject and it is for you to decide how they affect your investment decision.As examples NARS and AGA had/have pension deficits and Wincanton has too, look at their share prices.
spooky
03/9/2015
06:45
spooky - how did you come to the conclusion that they have achieved next years forecasts?

I have forecast EPS for YE2015 as 17.6p which they have missed! Continuing operations came in at 15p but reported is 12.3p!

Ok so they have got rid of net debt - good, but their pension deficit increased to £20.9m! On top of that from the narrative it seems that they are struggling to reduce their yearly commitment to it. 25% of next years PBT will go towards paying a one off cash payment into the pension pot!

Do I want to invest in a company whose profits will remain compressed due to its pension commitments?

No thanks not for me

GLA holder though

mg1982
03/9/2015
06:20
What a great set of results, they have basically achieved next years forecasts and with order books up 27% it looks as though there are going to be some nice upgrades. Probably trading at less than 8.5 times 2016 EPS, with a yield of just under 4% and with net cash, they look much too cheap IMO.
spooky
01/9/2015
12:18
Yep, I had an alert set on this board and this is the first time anyone's posted in months!

Results soon so hopefully they'll act as a catalyst if things are going as well as they should be.

jamielein
01/9/2015
11:06
Bought in this am. Quiet board :¬)
cestnous
29/6/2015
07:34
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
26/6/2015
22:05
Yes, excellent news on trading and sale of a none building unit announced after the bell.
royaloak
23/6/2015
12:06
Trading statement imminent?
orb1
03/3/2015
14:34
Yes 20.02 issue.
the diddymen
26/2/2015
16:05
I didn't see it but i assume that they were tipped in last weeks IC.
spooky
26/2/2015
14:45
Doesn't seem to have done the price any harm! There isn't any more news AFAIK.
pvb
14/2/2015
10:55
Paul Hooper likes ALU!
pvb
05/2/2015
09:28
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
04/2/2015
10:56
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
03/2/2015
11:47
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
16/11/2014
12:44
Good post Investoree, thanks.
pojscott
14/11/2014
19:34
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
14/11/2014
16:55
Big drop---anyone any info???
pojscott
14/11/2014
11:41
why the 8% drop?
rimmy2000
02/9/2014
21:43
Good to see your confident to predict a little higher share price diddyman :))
Nearly back to the good old days.

battlebus2
02/9/2014
21:33
172p is a bit ambitious! A little firmer maybe.
the diddymen
02/9/2014
15:16
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 stock
philanderer
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