Alumasc Share Discussion Threads

[the diddymen] 16/4/2019 16:01

shiedbug, agreed on order books, it is fine when sales are going up - as well as the order book. I was indirectly commenting that sentiment appears to be in drift, probably etched in years of underwhelming performance and pensions overhang. The price will be underwritten by the underlying value of the businesses to a third party but I am not sure where that is. If they do not sharpen up their act we will find out.

[shieldbug] 11/4/2019 13:11

Order books are not hard numbers, they also say they expect the second half of the year to be stronger than the first half - pretty sure we heard that before. (From interim results 1 Feb 2018 "Group order books at 31 January 2018 remain healthy at £25.0 million (31 January 2017: £27.6 million)." They also said "the anticipated greater second half weighting to the group’s financial performance in the current year as a result of large project phasing." That resulted in to Trading Statements.

Cashflow has been week for the past two years, certainly in relation to reported earnings. You wonder how long they can continue to pay the dividend. The pension deficit hasn't gone away.

On the plus side the price is low. Question is - is it cheap?

[the diddymen] 02/4/2019 14:44

There is not much turnover in shares, but the trades that are happening are taking some shine off the price. That is the market. All it is, is a collective view. At what share price does ALU become a target?

[rcturner2] 02/4/2019 09:04

On the 31st January, this is what they said in the results:

Order book at 31 December 2018 of GBP27.5 million, up 17% year on year

[shieldbug] 27/3/2019 14:28

Brexit uncertainty is really hitting early stage construction projects in UK. I would guess that even if Brexit gets resolved one way or another it will hit Alumasc for a year or more while projects start up again.

[pvb] 16/3/2019 11:35

Don't you just wish that... ;-)

Anyway, let's hope you are proved correct, on a longer term basis.

[rcturner2] 07/3/2019 11:48

The trend on Alumasc has changed to an up trend, now with higher lows and higher highs. Looking good to break higher.

[rcturner2] 12/2/2019 14:22

Moving up on low volume.

[rcturner2] 01/2/2019 09:43

Nice reaction from the market as well.

[rcturner2] 31/1/2019 08:44

Good set of interim results today.

[pvb] 01/11/2018 19:51

Sale of Facades business:

[rcturner2] 12/9/2018 13:02

lolz "results were awful"

[tim1478] 12/9/2018 00:04

The actual results were awful but management seem proactive. Debt is high. If they are able to achieve their predicted figures for next year, they are good value. I will probably wait for interim's or trading statement before buying although might nibble if price fell back to 125 with market volatility.

[rcturner2] 11/9/2018 09:08

Good market reaction to the final results.

[pvb] 21/8/2018 15:22

"Alumasc, the premium building products group, will announce results for the year ended 30 June 2018 on Tuesday, 11 September 2018."

[shieldbug] 29/6/2018 21:17

Not really sure what all this means. What were their expectations for the year? Does this include additional profit from Wade (possibly £580k for the 5 months to end of year? What I want to know is what will profit be compared to last year? Will the dividend be affected? What is free cash flow here following acquisition of Wade?

[pvb] 15/5/2018 22:04

Trading statement. Oops!

[pvb] 21/3/2018 20:18

Non executive director bought 20,000 shares on 20 March:

[ironstorm] 16/3/2018 11:58

I bailed in the end at about 137.

Chickcrumbs you may be correct - they could be one-offs and it could bounceback.

I just got a bad feeling we might see more weakness and for the short term this is going nowhere - whilst I still had nearly 10% of my portfolio here.

[chickcrumbs] 16/3/2018 11:53

The investors Chronicle have advised to sell ALU. Me I have added to my holding. I think the construction industry will generally benefit from the government gradually loosening the purse strings especially later in the year. The Carillion effect will subside as will as the bad weather. Just my thoughts.

[ironstorm] 14/3/2018 09:31

Hmm bit of a doozey that one.

Divi should be safe providing things get no worse. Might give some support

[rcturner2] 14/3/2018 08:18

I have picked up another 4000 shares at 122p.

[whilstev] 14/3/2018 08:15

Well he got that wrong !!!

[whilstev] 05/3/2018 08:34

Interesting write up from Richard Beddard on II concludes a speculative buy.

[beethoven3] 01/2/2018 16:34

You need to look at expected results for the full year ("in line" bearing in mind weighting in favour of second half) and, more importantly, the strategic and financial significance of the Wade acquisition. Taking the latter into account,sellers at this level will be kicking themselves before long.