Alumasc Share Discussion Threads

[bscuit] 13/1/2012 22:00

certainly given the big spreadthis only makes sense as a non-growth share if the price hold, which it hasn't. 10pdown and 10p dividend and then the loss on the spread/Not good.

[the diddymen] 12/1/2012 17:41

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

[battlebus2] 12/1/2012 07:54

Mixed bag this morning but still believe this company has a lot further to go with Levolux and the precision division. Holding tight.

[the diddymen] 27/10/2011 08:25

BB2

I think that the statement was saying that there was un upturn in orders at Levolux; however it is from a relatively weak base.

In TP's post above he refers to caution, and I think that you can become imprisoned by caution. I still cannot see where the drivers are in ALU to increase the bottom line. Unless this is gripped by the board the company will continue to be controlled by external events.

Has CR bailed out?

TD

[battlebus2] 27/10/2011 07:27

A fair update this morning with buildings division finding it tough but levelux and precision engineering doing well. Secures that 10p dividend imv.

[tuning peg] 06/9/2011 12:00

V pleased about holding divi. Precision is motoring. Could really do with some good news on the export front however re building products but glad I topped up after previous market guidance "IMS" which saw the 20% plunge in share price in one day.

It does look like ALU are very cautious in their general approach. Hopefully new management structure changes should go some way to changing this culture.

Results today should put a new floor under share price Once we are out of sovereign debt crisis overhangs on the whole market ALU will get past 150p again IMHO.

[battlebus2] 06/9/2011 11:31

Market like these results up 11% so far on 5k of trades.

[battlebus2] 06/9/2011 07:51

Well those results read well and 10p divi for the year! Certainly worth holding and i believe over time we will see £2 a share.

[battlebus2] 05/9/2011 20:40

Results in the morning. 10p or 5p dividend for the year will do fine any less and i'm out for now.

[battlebus2] 05/8/2011 11:29

Yeah still in profit as i bought at a £1 so still holding as the future prospects for ALU are imv good. Even if they cut the divi in half to 5p thats still around 5% atm.

[the diddymen] 05/8/2011 09:40

BB2 I have underlying concerns about ALU and was surprised when I saw CR in the stock. In the short term he was right, but I think that my concerns are surfacing. The ALU model has held the dividend for some years now, but that is about it. Up until 2008 they were operating in a very benign environment, but there is not too much in the tank for the current market. The current adjustment does not surprise me.

TD

[battlebus2] 28/7/2011 22:16

Still holding these and keeping faith like peel hunt if the divi is largely maintained. Building and engineering products company Alumasc fell by around one-seventh on the morning it warned that the final quarter of its financial year has experienced a deterioration in margins, putting the final dividend in doubt.

Not surprisingly, finnCap is putting its forecasts under review.

"We downgraded our rating on Alumasc from Buy to Hold in April, with a price target of 165p; on lower forecasts, we feel a more appropriate level likely to be around 120p," the broker said.

"The shares will suffer today on this disappointing statement, which appears at odds with the majority of recent trading updates," it added.

Peel Hunt is keeping the faith, however.

"Slower growth is now expected in precision components and building products in fiscal 2012, but we are still forecasting progress for the group," Peel Hunt analyst Robin Hardy said.

"Fiscal 2011 has suffered a hit on costs at Gatic [the manhole covers division], and we are lowering forecasts for both periods. The dividend, while uncovered in fiscal 2011, is still cash-fundable," Hardy noted.

The broker is sticking by its forecast of a 10p full-year dividend. with these as long as the divi is maintained.

[fuming fred] 15/7/2011 15:52

Dont forget i`m going live with my late evening dogs. Hoping to START putting up the first of the selections (of which there will be many) after 2045hrs.

Most of the dog races can be watched live@ 24dogs/Bet365/William Hills ets.

View the dogs here:

[battlebus2] 16/6/2011 07:42

Pretty good announcement this morning with banking facilities of 20 million renewed with Barclays and HSBC at a better rate than previously. Nice note about growth at the end.

[battlebus2] 10/6/2011 17:13

A large trade on plus sank the ship today but added a few while it was a bargain.

[battlebus2] 08/6/2011 18:00

Another positive day. Can nearly see £2 lol.

[battlebus2] 06/6/2011 17:42

Getting closer to £2 with every trade :))

[battlebus2] 02/6/2011 17:19

Perhaps but growth in precision is great so a massive premium i would have thought.

[tuning peg] 02/6/2011 13:49

Or perhaps more interestingly sale of Alumasc Precision which would be consistent with the company's stated strategy on concentrating on the core business of sustainable building products?

[battlebus2] 01/6/2011 20:52

Got a feeling a new contract announcement is due.

[battlebus2] 23/5/2011 18:23

Tuning peg it's not unusual to have that amount outstanding especially in the current climate but this should put the spotlight on other debt so maybe a lesson learnt. Although there will be no more sales from that company to put it into perspective 3/5,00k on a turnover of 50 million is one percent and precision had an 18% increase in turnover and is exceeding at the minute so overall it should have minimal impact on the headline figures and the shares will continue their steady rise to £2 imv.

[tuning peg] 23/5/2011 11:44

Looks like the Alumasc credit control department have been caught napping!

[johnamill] 19/5/2011 16:44

And an increased dividend?????

[johnamill] 19/5/2011 16:44

And an increased dividend?????

[battlebus2] 19/5/2011 14:03

Yes that IMS reads rather well with precision exceeding. Building holding firm and an order book of £40 million so should see £2 at next results.