Share Name Share Symbol Market Type Share ISIN Share Description
Alumasc Group Plc 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
  -5.00 -2.44% 200.00 195.00 205.00 205.00 200.00 201.50 52,446 10:34:30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 76.0 2.4 6.3 31.7 72

Alumasc Share Discussion Threads

Showing 726 to 750 of 750 messages
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went xd yesterday, yet still managed to rise!
Housebuilders have had record order books for some considerable time. After the first lockdown in 2020 they were also well behind in their production. Heaven knows why the educated clowns at Westminster decided to throw billions away with a stamp duty holiday and stoke the market. That firepower should have been kept for later, if and when housebuilders needed support.
What are the chances of the stamp duty holiday being extended? Would be good news for housebuilders and estate agents...
Already updated eps projections from 14p to 20p on the trading update. These are low and easily upgradeable I agree but a few months wait until the impact of no help to buy and stamp duty back to normal seems reasonable. It's still cheap with no debt bar a pension scheme deficit that has reduced by 1/3 in the last 6 months it would seem.
Outstanding results. Very pleased, having bought in on the breakout of the chart just prior to Covid (Jan 2020), glad I kept my faith in the company.
Really decent results
Wow I think some new broker upgrades required after those exceptional results and positive outlook. Nice divi too
08:05 (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*)
Alumasc featured in Investor's Champion update – record profit achieved. The shares rose 20% on the news to 137p lifting the market capitalisation to £49m. Given the current lowly rating the shares should continue to move higher.
I’m in on the next dip!
ny boy
Worked out really well this one as per the post in September last year. That's a whopper of a beat with FinnCap upgrading 2021 eps 39% to 19.9p. You don't often see that magnitude of upgrade so well done to all holders here. It looks like there could be another 10-20% upside here without pushing the boat out on the rating. All imo DYOR
The TU has blown the estimated full year earnings out of the water. Far far too cheap.
Very positive update today - even considering re-introducing the dividend!
The share price has responded positively! TD
the diddymen
Good AGM update today. The future is bright (well I hope it is).
Pension deficit is a negative for sure. Housing is recovering and should do well in the next 12 months. I am positive for it.
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
the diddymen
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.
Two new executive directors last year and a new FD should be recruited this year. so significant board changes. By implication in the announcements the FD would have been recruited already if it were not for COVID. Perhaps the new directors were the reason for the improvement in costs by merging/closing sites last year? This suggests to me that continued progress is quite feasible here. It could be a value trap I accept but I see little downside risk with the potential for significant upside. If it doesn't happen in the next year or so I will move on but the risk/reward is attractive.
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
the diddymen
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.
Good update this morning. A record July and good sales in August. Nice turnaround happening.
The Company announces that it received notification on 6 August 2020 that Mr Jon Pither a Non-executive Director purchased 27,500 ordinary shares at an average price of 71.5p and Mrs P.A. Roth (closely associated person) also purchased 27,000 ordinary shares at an average price of 71.5p.
Alumasc reveals 'better than expected' trading 5 days Building products manufacturer Alumasc reports that business is better than it had been expecting during lockdown.Alumasc products on the Francis Crick Building in LondonAlumasc products on the Francis Crick Building in LondonThe financial year to 30th June 2020 ended with improving trading for Alumasc, with sales in the second half of May and during June significantly ahead of internal forecasts made earlier in the pandemic, the company said today.Revenue for the year is now expected to be approximately £76m, down 16% on the previous year almost entirely as a result of the Covid-19 lockdown hitting sales in late March, April and early May. However, cost reduction initiatives, begun before the outbreak and accelerated during it, have benefitted profitability,The net debt position is also better than expected, at £4.3m (compared to £5.1m a year ago).In a trading statement, Alumasc said: "Encouragingly, improved levels of trading have continued into July, and all sites and manufacturing locations are now fully operational. Each location has implemented appropriate social distancing requirements without any loss of productivity."It added: "Alumasc's cost savings programme, liquidity management, strong balance sheet and improved commercial positioning underpin a robust platform that should greatly benefit the group into a broader economic recovery when it materialises."
Good to see some director buying
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