Share Name Share Symbol Market Type Share ISIN Share Description
Alumasc Group 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
  +0.00p +0.00% 170.00p 168.00p 172.00p 170.00p 170.00p 170.00p 4,486 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 104.8 8.1 18.3 9.3 60.92

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Date Time Title Posts
26/10/201707:30Alumasc - 2010501
31/3/201008:31Alumasc144

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Alumasc (ALU) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-11-24 08:51:27171.391,3862,375.47O
2017-11-24 08:10:35169.312,5114,251.37O
2017-11-24 08:00:44169.31589997.24O
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Alumasc (ALU) Top Chat Posts

DateSubject
24/11/2017
08:20
Alumasc Daily Update: Alumasc Group is listed in the Construction & Materials sector of the London Stock Exchange with ticker ALU. The last closing price for Alumasc was 170p.
Alumasc Group has a 4 week average price of 165.50p and a 12 week average price of 163.63p.
The 1 year high share price is 202.50p while the 1 year low share price is currently 144.50p.
There are currently 35,834,356 shares in issue and the average daily traded volume is 67,322 shares. The market capitalisation of Alumasc Group is £60,918,405.20.
06/9/2017
19:42
dan_the_epic: FWIW, I re-estimate a 5 bps swing in gilts (10 yr investment grade corporate sterling a useful benchmark) is about £0.75m swing in the deficit, or a couple of pence on the share price. Looking at the multiple attached to Alumasc, it certainly looks correlated to the pension deficit size. This used to trade at 12-13x earnings a couple of years ago. Now its on 7.2x cash adjusted 2018e. Of course, you can't just ignore the deficit, but one would have thought gilts are at the bottom of their cycle, and we all know that this is quality outfit. I fully expect long-term investors to be duly rewarded here in time. Finncap report out yesterday (Who are the most bearish brokers in terms of PT) and they have a retained 225p PT which is based off a multiple improvement to 9.4x on the back of stronger 2018e EPS of over 21p. They expect revenue to come in at £106m next year (remember to adj for scaffolding sale on the top line but not profitability as breaks even). I take a very sceptical view to any commissioned small cap research, but hard to fault any of their applied logic. Even adjusting that deficit into the EV calc and you get 9.6x adjusted PE on my calculations, again below the range from a couple of years ago, despite the business fundamentally having made great strides. Easy to forget the CEO bought a very decent chunk of stock (£90k IIRC) at around these prices earlier in the year. Happy to let this chug along for a merry while yet! P.S. Wilmdav - think you typo'd; you mean a reduction of 35%
06/9/2017
16:32
wilmdav: Hi WCB I also hold. £20.6m is the yearly IAS19 deficit which has little relevance other than an effect on reported profit. Much more important is the triennial valuation of the scheme which now shows a deficit of £33m, requiring yearly supplementary contributions of £3.2m until the next such valuation. I deduct the supplementary contribution from pre-tax profit and recalculate an adjusted eps from there. In this case adjusted PTP is reduced from £9m to £5.8m, a reduction of 35%. Prospective eps for 2018 is currently 21.3p. If this is reduced by the same percentage it becomes 13.9p, thereby increasing the prospective p/e from 7.9 to 12.2, which would seem about right for company of ALU's credentials without a pension deficit. The share price was 169p when I did the calculation. My expectation is for Brexit worries to increase and gilt yields to remain low for a long time as a consequence. However the £3.2m contributions are virtually set for the next 2 years regardless. 08/09/17 Corrected PTP reduction to 35%. Previously shown incorrectly as 65%.
14/7/2017
12:31
junior21: Well I've added to my SIPP today (averaged down!). Would probably have bought more, however I'm mindful of the pension scheme deficit and the effect the recent direction of gilt yields will have on this in the results. I should add what concerns me isn't the actual deficit, more so the effect it could have on sentiment and the share price. Recent director buying is always good to see.
20/6/2017
12:40
pvb: Chief Executive buys 50,000 ALU shares. https://uk.advfn.com/stock-market/london/alumasc-ALU/share-news/Alumasc-Group-PLC-Director-PDMR-Shareholding/75073287
09/2/2017
00:20
runthejoules: SHARES magazine Great Ideas: The market valuation attached to building products business Alumasc (ALU) does not reflect its earnings potential or inherent qualities. The market doesn’t appear to have picked up on the Kettering-based company’s transformation from an engineering conglomerate to a pure play on premium building products. The stock trades on 8.2 times forecast earnings for the year to June 2018 which looks far too low, in our opinion. RENEWED FOCUS It is not a perfect like-for-like comparison but Renew Holdings’ (RNWH:AIM) share price has increased six-fold in the last five years as the company shifted its focused from heavy construction to specialist engineering services. Its share price was also static for a while, but the re-rating was spectacular once investors realised how Renew’s business had changed. The same could apply to Alumasc. Great Ideas The last of Alumasc’s engineering-related businesses was sold in July 2016 with the £4m disposal of Dyson Diecastings. The focus is now on ‘fast flowing streams’ in the building products space. This encompasses a focus on sustainable products which help conserve energy and water and solutions which help constructors meet building regulations. The investment in these areas and an increase in marketing spend was rewarded by a 17% increase in first half revenue to £50.7m. Unfortunately, the impressive top-line growth was not replicated at the bottom-line. Adjusted pre-tax profit only nudged ahead 2% to £4.1m as rising input costs hit margins. The increase in costs can be attributed to sterling weakness and rising steel prices and although these have now largely been passed through, there was a lag which hit profitability. BUMPER ORDER BOOK A near-record £27.6m order book and the timing of completion on several large contracts underpins boss Paul Hooper’s confidence that margins can be rebuilt in the remainder of its current financial year. This could act as a positive catalyst for the share price. ALUMASC GROUP - Comparison Line Chart (Rebased to first) The company’s operations coalesce in four key areas: solar shading and screening; roofing and walling; water management; and housebuilding and ancillary products. The Levolux solar shading business and Gatic drainage systems arm are successfully winning orders overseas. Mainly driven by Levolux sales in the US, export revenue almost doubled to £7.5m in the six months to 31 December 2016. The niche focus and international expansion should help the company outperform the modest growth expected in UK construction in the coming months. Keep a close eye on the £33m pension deficit. Annual cash contributions of £3.2m didn’t prevent Alumasc from hiking its first half dividend by 5.6% to 2.85p. (TS) Alumasc (ALU) 174.5p Stop loss: 139.6p Market value: £63m
08/3/2016
00:15
pvb: For what it's worth: http://uk.advfn.com/stock-market/london/alumasc-ALU/share-news/Alumasc-Group-PLC-Director-PDMR-Shareholding/70664316
03/2/2015
11:47
investoree: 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.
14/11/2014
19:34
investoree: 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.
02/9/2014
21:43
battlebus2: Good to see your confident to predict a little higher share price diddyman :)) Nearly back to the good old days.
16/2/2012
12:40
the diddymen: BB2 Part of my post from 29/01: 'It does make a point about the exposure of the current share price to sustaining the dividend. If they cannot it will be very painful. Strategically ALU need to be working out how to make the shares more liquid.' ALU have two options: Regain credibility by demonstrating that they can take the business forward (improved bottom line), or, if they cannot then I suspect the value of the parts may be greater than the whole. I did note earlier that they have lttle up their sleeve and I suspect that they have been squeezing to make some of the statements they have. Their problem now is that they are highly exposed to any negatives that they cannot directly control eg bad debt.
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