Alumasc Dividends - ALU

Alumasc Dividends - ALU

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Stock Name Stock Symbol Market Stock Type
Alumasc Group Plc ALU London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
5.50 2.23% 252.50 11:14:38
Open Price Low Price High Price Close Price Previous Close
245.00 245.00 252.50 252.50 247.00
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Industry Sector

Alumasc ALU Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

davr0s: He has in recent years had a track record of reporting some of his exits long after the event, that look like great timing. We can all be great traders doing that. Unless he reports buys and sells in near real-time how do you know he is being 100% transparent with people. For ALU I was just making the point that the chart was already extended when he was buying so it never was a great reward to risk entry point
bahiflyer: Wow I think some new broker upgrades required after those exceptional results and positive outlook. Nice divi too
tole: (LON:ALU) – brokers upgrade estimates after updateMy star of the week so far goes to this building products group, after announcing its first-half trading update. Already we knew that it was going better than expected in Q1, so the Q2 extension of that trend has been well received.The group's shares were marked up 24% yesterday morning to 142p.It reported an increase of 11% in sales to £45.6m and a strong interim pre-tax profit of £6.0m, which was way up over last year's £2.3m.Brokers finnCap immediately upped their estimates for the current year to end-June to £87m sales, £8.9m profits, adjusted earnings of 19.9p for the year (8.2p) and a dividend of 5p per share (2p).The interims will be declared on Thursday 4th February – it should be a very positive set of figures and statement. Unsurprisingly the brokers significantly increased their price objective from 130p to 178p. They closed last night at 138p up 24.5p on the day.(Profile 13.02.20 @ 116p set a Target Price of 145p)(Profile 08.06.20 @ 80p set a Target Price of 105p*)
rightnellie: Very positive update today - even considering re-introducing the dividend!
the diddymen: trier1, I see where you are coming from. My post was from the perspective of difficult economic conditions in the housing market. Ultimately it is recession that distinguishes the well prepared from the average. There is some evidence that ALU are on the average side, not helped by the constant drip drip from the pension deficit. TD
tole: Ex-dividend todayThe Board is recommending to shareholders a final dividend of 2 pence per share (2018/19: 4.4 pence), applicable to members on the share register on 25 September and to be paid on 30 October.
the diddymen: Sphere, there has been very little change on the board at ALU over many years - tinkering at best. Not a problem, but over the last two decades performance has drifted. When you look at the B/S and strip out intangibles, net assets are negligible. Not necessarily the best way to look at a B/S because the brands generate value, and in my view brands are critical. However look at the P&L and at long last the Board have extracted value by cutting the cost base. First question why has it taken this long. Second question have they cut the right areas. My cautious approach would therefore go like this. The Board appear to have managed a continuous gentle decline in the business over many years. They have now taken action to improve bottom line profit, but have they just exacerbated the long term drift by cutting the 'overhead' which supports the intangibles in the B/S? Add to that the continuous curse of the pension deficit - whatever they pump in, the deficit always seems to stick at c £20m. Also add to the mix that Timloc is very much exposed to the housing sector, which I guess will die in 2021. Investing at the moment is never easy. Were I purchasing ALU at the moment I would be ready to take profits without emotion! TD
sphere25: Is this one of the few companies where there is some value and a potential longer term hold? Looks a resilient performance in such a difficult climate with a 2p dividend to boot. Forecasts of 14p in earnings and a 5p dividend for the current financial year appear to present value and even carry leeway if they're too optimistic and need to be pushed back. A hell of alot of reports out today but how many of those companies can you look at and say there is real value? Most of the valuations look stretched when you look at the forward guidance or just sheer lack of guidance with the uncertainty. Even outperformers like JD. where you're more open to an expansive multiple look very expensive. Beaten down ones like MGGT and EZJ don't carry appeal beyond shorter term trades. Clearly they're a different animal if a vaccine comes out in future. This does appear to be the growing theme with the trend to more market participants with people being at home, a great deal young and inexperienced and with much shorter term horizons so perhaps nimble is better with many of the shares out there. There's just so many with these recurring themes where I'm seeing nothing more than quick ins and out. The US is starting to correct some of the recent gains with larger sell offs and more volatility creeping in so some of the froth surely needs to come off here too. Beyond ALU, a few look reasonable: SCS are naturally doing well with the shift to the house - key resistance at 180 HFD also doing well and not on a bonkers valuation. Questions over sustainability? SMDS making more positive noises particularly with a 12p dividend forecast LUCE are performing very well. Even though alot priced in now, one to look at if the market panic sells down MCB - Possibly, new strategy to hit £1 billion in turnover. Watch for big buying to signal a change of sentiment and belief in that strategy DWF - Decent volume coming in today, heavily beaten down. Interesting chart. One to keep an eye on for further volume and possible break higher. GMR - commented on this on the board a while back noting the short term momentum and guidance is to the upside, which has come to fruition. However, still a great deal of risk and the valuation isn't cheap imo on current numbers and forecasts so the execution really has to be almost perfect, but a speculative one that maybe does smash through my more conservative views beyond the shorter term. These are just high level views and an opinion. Clearly folk have to do their own research and form their own views. Should be interesting to see how far the US falls back and how that mainly tech based move flows through to sentiment here in all companies. After the incredible run, it really does appear to be stuttering at the moment.
pvb: RNS Results:
the diddymen: The worst aspect of any pensions deficit is the cash contribution to fill the hole. This is cash that would otherwise be used to invest in the business or pay out as dividends. The share price drift over the last year will start to undermine confidence in the ability to sustain the dividend. The antidote would be a storming set of 2019 results, but we already know that they will be soft from the profits warning. A difficult time, but is it temporary or structural? TD
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