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
  -6.00p -4.04% 142.50p 140.00p 145.00p 148.50p 139.00p 148.50p 93,441 15:33:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 92.2 6.8 18.2 7.8 51.06

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Date Time Title Posts
21/10/201609:58Alumasc - 2010385

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Alumasc (ALU) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
21/10/2016 15:46:16144.113,4694,999.15O
21/10/2016 15:32:59142.902,7993,999.77O
21/10/2016 15:13:40143.005,0007,150.00O
21/10/2016 14:28:37139.0040,85556,788.45O
21/10/2016 14:00:25142.005,0007,100.00O
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Alumasc (ALU) Top Chat Posts

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 148.50p.
Alumasc Group has a 4 week average price of 156.60p and a 12 week average price of 151.33p.
The 1 year high share price is 197.50p while the 1 year low share price is currently 116.50p.
There are currently 35,834,356 shares in issue and the average daily traded volume is 20,015 shares. The market capitalisation of Alumasc Group is £51,063,957.30.
pvb: For what it's worth:
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.
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.
battlebus2: Good to see your confident to predict a little higher share price diddyman :)) Nearly back to the good old days.
the diddymen: The A The share price will now depend on whether any funds decide to off load. Any off loading would have to be at a significant discount. That will then trigger a discussion about future ownership! Risk averse fund managers will sit on their hands and hope, but I am not sure where that gets you. TD
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.
the diddymen: Napoleon, given the tight ownership of shares and relatively illiquid market I do not think that it was an option. It will however represent a dilemma because IHT will be based on the current price, whereas if he sold them it would radically change the value. McCall will now have to pay 40% on the holding at the current market price. 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.
the diddymen: This is a standard move for ALU with a big spread. 11k of shares traded. There has been little reaction to the RNS, but given the importance of Precision to their ability to sustain the dividend, I am surprised. Presumably there is some link to the January market update. Shareholders should be drilling down to establish what has gone on. While I acknowledge BB's argument of staying in for the dividend, if they cut the dividend (which they need to do) the share price will go into freefall.
battlebus2: Heres how it works bought at 90p and over 4.7 years i've collected 40p worth of dividends which equates to a 50% rise in the share price. Not a bad performance in my book. So spreads don't matter if your a long term investor.
the diddymen: BB2 Looks like they will sustain the dividend another year, but there is no evidence that they are moving forward; it is always one step forward one step back. The problem is that if they cannot sustain the dividend then the share price will be hit hard. Equally at the same time they desparately need the divi in the bank to invest. I am not sure where the model is taking them. TD
Alumasc share price data is direct from the London Stock Exchange
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