Breedon Share Discussion Threads

[proactivest] 09/3/2016 15:33

Video interview with Breedon Aggregates' Pat Ward



Pat Ward, chief executive of Breedon Aggregates Ltd (LON:BREE) says the results for the year to December 31 were “from a financial perspective, very encouraging”.
The firm, which produces aggregates, asphalt and ready-mixed concrete for builders, reported record results and an encouraging outlook with pre-tax profits rising 46.4% to £31.3mln on an 18.1% revenue increase to £318.5mln.
The company’s plan moving forward, he says is to “continue with regional bolt-ons” and “continue to outperform expectations with these acquisitions – it is a good time for us”.

[redartbmud] 09/3/2016 13:59

elm

I am holding for the ride. My complete faith is placed in Tom. The industry runs through his veins. Over the medium/long term I firmly believe that he will produce a good return.

red

[elmfield] 09/3/2016 13:45

Well I am holding, as one of the better AIM holdings now held for near to two years,
If I did sell what would I buy to keep my IHT relief alive.
May as well hold until we move to main market, then will have to juggle.

[cisk] 09/3/2016 10:19

redart, you're probably right.

i'm not so worried about daily movements - have my eye on the prize in 5 years when I hope the share price will be maybe three times its current level, but who knows!

I added 10% to my holding this morning and will continue to do so on any significant price weakness.

It's a quality outfit and once the Hope deal goes through, I suspect we'll see a further re-rating.

[redartbmud] 09/3/2016 09:14

!!

The share price seems to be held back by sellers.
There must be a lot of big holders who bought at rock bottom prices, who are slowly dripping out the odd 25k or 50k of shares at regular intervals. I suppose that provides them with some income on their investment and protects their gains. I do not blame them.

[konkel] 09/3/2016 08:29

I was joking!

[konkel] 09/3/2016 07:24

All we need now is a dividend!!

[113mike] 09/3/2016 07:23

Yep, all looking good imo!

[cisk] 09/3/2016 07:22

excellent results this morning:

2015
2014
Change

Revenue
£318.5 million
£269.7 million
+18.1%
Underlying EBIT†
£37.8 million
£24.3 million
+55.5%
Profit before tax
£31.3 million
£21.4 million
+46.4%
Underlying basic EPS†
2.68 pence
1.64 pence
+63.4%
Net cash/(debt)
£10.3 million
(£66.3) million
+£76.6m

[elmfield] 26/2/2016 21:41

An early rise then, bodes well.

[elmfield] 26/2/2016 19:09

Press comment? Or what caused turn?

[alan@bj] 14/2/2016 18:05

Yes, I'm sorry, it is about 2014. The ONS reported recently that construction growth in 2015 was 3.4%, which was slower than the 7.4% growth seen in 2014. I Googled that and saw a couple of press articles but have inadvertently copied one from Feb 2015, referring to 2014 growth. My apologies.

[tournesol] 14/2/2016 17:12

alan

is that story really about 2014 as stated? in which case it is long out of date.

[redartbmud] 13/2/2016 16:52

This share was always a growth story. Tom is building a business. He is not interested in dividends. On that basis, you either buy into the story, or not. The only consideration is the state of the construction sector.

[alan@bj] 13/2/2016 09:44

Reason for the recent weakness in the share price:-
Construction output in the UK dropped more than was predicted in the last quarter of 2014, with the number of new homes being built falling for the first time in almost two years, according to new data.
Statistics released by the Office for National Statistics (ONS) today (February 13th) reveal that total output slumped by 2.1 per cent in the last three months of 2014 compared to the previous three months - a bigger decline than the 1.8 per cent that was expected.
The report also showed that the volume of new homes being built - which was the driving force for higher output earlier in 2014 - dropped by 0.2 per cent after climbing by 6.1 per cent in the third quarter. This is its first fall since early 2013.
According to the ONS, the decline is attributed to reduced orders in previous quarters and the fact that the housing market in the UK has been slowing down since the middle of 2014 - around the time when regulators introduced more stringent mortgage lending credit checks.
The data reveals that annual house prices rises surpassed ten per cent[in mid-2014, but separate research from the Royal Institution of Chartered Surveyors released yesterday showed that prices rose last month at their slowest rate since May 2013.
Fourth-quarter output declines are not significant enough to affect the estimate of 0.5 per cent growth for Britain's gross domestic product, according to the ONS, despite accounting for six per cent of the country's economy.
In December alone, total construction output nudged up by just 0.4 per cent after losing 1.8 per cent in November, which is a lot less than the 2.8 per cent rebound expected by economists. Overall, output was up 7.4 per cent for 2014, marking the fastest growth since 2010, but momentum has now started to ebb.

We'll have to wait to see how the market reacts to the results announcement on Feb 23rd.

[elmfield] 26/1/2016 17:51

I will be selling as well,
Move on to other aim fish,
Don't want to though.
And yes It does make a big difference for some here!!

[redartbmud] 26/1/2016 07:31

This is certainly going the right way. Good management is building an excellent business.

[113mike] 25/1/2016 23:09

Results due first week in march to look forward to?

[cisk] 25/1/2016 22:50

guys, don't understand the column inches a move to main market is generating, it doesn't alter the investment case or the fundamentals of the company - maybe we can draw a line and move on?

[mw8156] 25/1/2016 22:08

would have to sell if they moved to the main mkt; would be a shame as had them when they were breedon cloud hill lime works in 1989.

[ulinbac] 22/1/2016 09:51

Thanks for the info Caradog