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BREE Breedon Group Plc

364.50
6.00 (1.67%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Breedon Group Plc LSE:BREE London Ordinary Share GB00BM8NFJ84 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  6.00 1.67% 364.50 1,105,047 16:35:21
Bid Price Offer Price High Price Low Price Open Price
366.00 366.50 369.50 358.00 358.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
18:28:33 O 6,320 365.196 GBX

Breedon (BREE) Latest News (1)

Breedon (BREE) Discussions and Chat

Breedon Forums and Chat

Date Time Title Posts
26/4/202419:40Breedon Holdings Limited (was Marwyn Materials)1,277

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Breedon (BREE) Most Recent Trades

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Breedon (BREE) Top Chat Posts

Top Posts
Posted at 26/4/2024 19:40 by swiss paul
thanks XAMF, sometimes it helps us less educated if you can put some context around the chart.

your retrace might be helped by piggies being in the trough
The Company announces that on 25 April 2024 the following PDMRs were each granted conditional awards under the Company's Performance Share Plan (PSP awards) in respect of the three-year performance period (2024 to 2026), to acquire the number of ordinary shares of £0.01 in the Company (Ordinary Shares) set against their names in the table below. The PSP awards will normally vest on 25 April 2027, subject to continued employment and the satisfaction of the undernoted performance conditions. In addition, any resulting shares will be subject to a further holding period of two years from the date of vesting.



Director & PDMR

Role

Ordinary Shares subject to PSP award

Rob Wood

Chief Executive Officer

366,739

James Brotherton

Chief Financial Officer

217,061



Performance measure

Weighting

Calibration of targets

Percentage of part of PSP award capable of vesting

EPS

42.5%

Company's fully diluted underlying EPS for 2026

Less than 37.50 pence

37.50 pence

Between 37.50 pence and 40.40 pence

40.40 pence

Between 40.40 pence and 44.44 pence

44.44 pence or more

0%

25%

Pro-rata straight-line basis
between 25% and 50%

50%

Pro-rata straight-line basis
between 50% and 100%

100%

Relative TSR

42.5%

Company's TSR ranking relative to constituents of the FTSE 250 Index (excluding investment trusts)

Below median

Median

Between median and upper quartile

Upper quartile or better

0%

25%

Pro-rata straight-line basis
between 25% and 100%

100%

Sustainability - Reduction of Core Carbon Intensity*

15%

% reduction of Core Carbon Intensity during the three year performance period

Below 4.95%

4.95%

Between 4.95%

and 6.6%

6.6%

Between 6.6% and 8.25%

8.25% or better

0%

25%

Pro-rata straight-line basis
between 25% and 50%

50%

Pro-rata straight-line basis
between 50% and 100%

100%



* Core Carbon Intensity measures reductions in carbon intensity per tonne of core product sold.



not exactly taxing are they
Posted at 26/4/2024 08:16 by xamf
Swiss Paul. No digestive tracts need to be exposed in response to my chart. It shows the FIB retracement levels should (heaven forbid) Bree falls back from current levels. Don't currently hold but Bree is on my watchlist.
Posted at 24/4/2024 09:08 by my retirement fund
I don't think it took a rocket scientist to work that one out, but then the worsening macroeconomics is something the management should have flagged and indeed been flagging for the last 8 years on the trott since Brexit basically. If the were following a sensible tack, eg saying stuff like we are consolidating out British operations to realise cost savings and we are investing in more profitable European and American operations and if the were actually doing that well. The share price would be a lot higher!
Posted at 01/2/2024 12:55 by triskelion
How do you easily find out the proportion of issued share capital in general public hands i.e. non-institutional holders? The Major shareholders and Directors' dealings for BREE in SharePad make for odd reading.
Also PE interest as in SRP, risk of listing being terminated etc?

PS: any particular reason why it''s incorporated in Jersey CI?
Posted at 20/12/2023 09:27 by undervaluedassets
I am like the price action here. Creeping up without drama. Been cheap for years. I think the market is finally catching on.
Posted at 06/12/2023 16:00 by undervaluedassets
Weem,

I think the quote you are looking for is from Mr Lynch is:

‘insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.’
Posted at 06/12/2023 11:30 by weemonkey
Peter lynch said directors and insiders sell for many reasons, but they only buy for one reason.. They know something that means they think the share will go up
Posted at 03/10/2023 10:09 by swiss paul
Investor site visit
Breedon Group plc, a leading vertically-integrated construction materials group in Great Britain and Ireland, is today hosting a site visit for investors and analysts at its Wickwar Quarry near Bristol.

Hosted by Rob Wood, CEO, and James Brotherton, CFO, the day will provide a better understanding of the vertically-integrated business model, including presentations from colleagues across our Great Britain business, and a site tour.

The presentation will be available under the investor relations section of the Breedon website:Investors - Breedon (breedongroup.com).

No new material trading information will be disclosed.

Ha Ha and on tha t annoucnement the old sleepy share went up - Quelle surprise.

Anyway it brings me closer to my get out price - Marshalls - far better company - that is where my money is heading
Posted at 26/7/2023 20:57 by swiss paul
Interim results 2023



Strong first half; full year expectations maintained

Strategic execution and operational focus deliver robust performance



Breedon Group plc (Breedon or the Group), a leading vertically-integrated construction materials group in Great Britain and Ireland, announces unaudited interim results for the six months ended 30 June 2023.



Statutory highlights



Underlying1highlights

£m

except where stated

H1 2023

H1 2022

% change



H1 2023

H1 2022

% change

% LFL2

Revenue

742.7

671.1

11%



742.7

671.1

11%

7%

EBIT

62.1

65.5

(5)%



70.5

66.9

5%

4%

EBIT margin

8.4%

9.8%

(140)bps



9.5%

10.0%

(50)bps



Profit Before Tax

56.5

59.5

(5)%



64.9

60.9

7%



Basic EPS3,4

13.0p

14.5p

(10)%



15.3p

15.0

2%



Dividend per share4









4.0p

3.5p

14%



Net Debt5









220.4

256.7

(14)%



Covenant Leverage6









0.7x

1.0x

(0.3)x



ROIC7









10.0%

10.0%

-





FINANCIAL HIGHLIGHTS



Operational focus and agile delivery generated a strong first half financial performance

· Resilient end-markets continued to be supported by long-term structural growth drivers

· Dynamic pricing tailwind more than offsets expected lower volumes, leading to revenue increase of 11% or 7% on a like-for-like basis

· Underlying EBIT growth of 5% reflects revenue drop through, partially offset by higher energy costs as hedges moved back into line with market pricing

Financial flexibility maintained while investing for growth

· ROIC maintained at 10%

· Investment in three strategic bolt-on acquisitions

· Significantly lower Covenant Leverage at 0.7x due to lower seasonal working capital outflow, good control of inventories and strong cash collection

Interim dividend increased significantly ahead of earnings by 14% to 4.0p

· Reflecting our confidence in the prospects of the Group and in keeping with our progressive dividend policy



OPERATING HIGHLIGHTS



Emphasis on operational excellence and cost recovery

· Self-help; all divisions initiated operational excellence reviews, Cement executed two scheduled kiln maintenance shutdowns on time and within budget

· GB revenue increased 10%; completed two bolt-on transactions and delivered a solid first half through nimble execution, strong pricing tailwind and careful cost management

· Ireland grew revenue 11%; traded well through tendering season, winning work on quality, and completed the acquisition of Robinson Quarry Masters

· Cement increased revenue 18%; strong pricing was sustained, enabled by resilient end-market demand

Significant sustainability milestones achieved

· Key partner in the launch of the Peak Cluster initiative, an innovative carbon capture and storage collaboration aiming to reduce industry emissions significantly

· 'Breedon Balance', our range of products with sustainable attributes, continued to gain traction, accounting for 30% of revenue

· Further improvement in our rate of Cement alternative fuel substitution to 50% (2022: 48.5%)



ADMITTED TO THE MAIN MARKET OF THE LONDON STOCK EXCHANGE



Breedon shares now traded on the Main Market

· We expect to be eligible for inclusion in the FTSE 250 and FTSE-All share indices at the next index review in September 2023



CURRENT TRADING AND OUTLOOK

Well-positioned for the second half; full year expectations maintained

· The end-markets we serve have remained resilient. End-market visibility beyond 2023 remains limited in light of the uncertain economic outlook

· In response, we have increased our emphasis across the Group on operational excellence and agility to ensure Breedon is as competitive as it has ever been

· Well-positioned for the second half of the year; the Group is trading in line with the Board's expectations which remain unchanged

Rob Wood, Chief Executive Officer, commented:

"In the first half our vertically-integrated and local operating model has again come to the fore, leveraging our long-term customer relationships and deep market knowledge. Our first class team has operated with great agility to deliver a strong start to 2023 for which I thank them sincerely and we are well-positioned for the second half of the year.

"The long-term structural dynamics driving infrastructure spending and housebuilding in GB and Ireland have not changed. To ensure we can efficiently and sustainably meet long-term demand for our essential construction materials, we have re-doubled our focus on those factors under our control; keeping our people safe and well while minimising the cost of production and maximising the value of the extensive portfolio of assets we own and acquire.

"By emphasising the operational factors we can influence, we will ensure we remain competitive and continue to deliver outstanding results. By challenging our procedures and practices, we can be sure we will be in the strongest possible position when our end-markets return to growth."
Posted at 04/7/2022 20:32 by tole
https://www.fool.co.uk/2022/07/04/heres-why-this-aim-listed-stock-could-be-one-of-the-best-shares-to-buy/Here's why this AIM-listed stock could be one of the best shares to buy!This Fool is looking for the best shares to buy. Despite macroeconomic issues, this stock could be a great long-term buy for his holdings.Jabran Khan?Published 4 July, 4:39 pm BSTBREEFinding the best shares to buy now is not an easy task. I look for businesses that provide products and services to burgeoning markets that could give stable and consistent investor returns. One stock that could fall into that category is Breedon (LSE:BREE). Should I add the shares to my holdings?Construction materials and infrastructureAs a quick reminder, Breedon is a construction materials business with operations in the UK and Ireland. Some of the materials it produces include cement, aggregates, concrete, and asphalt, as well as other specialist construction products. Furthermore, it also offers contracting services for large infrastructure projects such as building roads.So what's happening with Breedon shares currently? Well, as I write, they're trading for 59p, as a penny stock. At this time last year, the stock was trading for 110p, which is a 46% drop over a 12-month period.Many shares have fallen in recent months due to macroeconomic headwinds as well as the tragic events in Ukraine.The best shares to buy have risks tooThe biggest threat to Breedon's investment viability, especially in the shorter term, is that of macroeconomic factors. Soaring inflation, the rising cost of raw materials as well the supply chain crisis will have an impact on operations, as well as profitability. This could affect its balance sheet and growth plans as well as shareholder returns.Competition in the construction industry is intense. There are many players all vying for the same customers and contracts to boost their coffers and grow. Breedon could be out-muscled and outmanoeuvred by competitors with more financial power and presence.The bull caseThe construction market is a growing one. In fact, it wasn't majorly disrupted when the pandemic struck. Governments allowed construction businesses to continue as best they could, unlike many others, and continue building where it was safe to do so. As well as this, demand for housing is currently outstripping supply. A lot goes into building homes and lots of different types of aggregates that Breedon supplies are required. In the longer term, Breedon could see this surge in construction spending turn into performance growth and investor returns.At current levels, Breedon shares look decent value for money on a price-to-earnings ratio of just 12. Furthermore, the shares would boost my passive income through dividend payments. The shares currently yield 2.8%. Most of my best shares to buy boost my passive income stream. It is worth remembering, however, that dividends can be cancelled at the discretion of the business at any time.Breedon already has a good track record of performance, even in the pandemic period. It has recorded consistent revenue and profit in the past four years. I do understand that past performance is not a guarantee of the future.Overall, I think Breedon could be a shrewd addition to my holdings, especially as the shares have fallen back in recent months. Large scale construction spending on infrastructure by the government as well as initiatives to boost the number of homes should benefit a business like Breedon. I would add the shares to my holdings and expect to see consistent and stable returns.
Breedon share price data is direct from the London Stock Exchange

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