Alumasc Share Discussion Threads

[mfhmfh] 19/10/2021 11:28

hopefully a positive AGM statement on Thursday.

[rossco] 17/10/2021 13:50

Up 14p on Friday with a lot of small early morning dealings.
Was there a newspaper tip?

[tole] 08/10/2021 18:29

https://masterinvestor.co.uk/equities/end-of-week-small-cap-round-up-featuring-mrl-cru-and-alu/The Alumasc Group (LON:ALU) – AGM due in two weeks timeIt must have been rough over the last few months for not only the construction sector generally, but also for the building product suppliers like this group.Shortages across the board will not have helped, I am sure, however, the orders are still increasing.The group, which saw sales rise from £76m to £90.5m in the year to end June, is predicted to see some £97m revenues in this current year, despite the hassles.That should help the group to at least maintain its very much increased level of profitability – it almost trebled the 2020 £3.7m, coming in at £10.5m, with earnings jumping to 23.3p (8.2p) per share, while its dividend rose significantly from 2p to 9.5p per share.Analyst David Buxton at finnCap, the group's brokers, looks for £10.8m profits this year, 23.6p earnings and a 10p per share dividend.Buxton has a price objective of 315p on the shares.Considering that the shares are now trading at only around 230p, after touching 288p a few months ago, they still look very undervalued to me. The AGM is on 21 October.

[tdog1975] 01/10/2021 08:23

Well done to the team at Alumasc

[saltaire111] 17/9/2021 20:20

Just been listening to the excellent Twin Petes podcast and @wheeliedealer likes the look of Alumasc as a play on global warming, commenting that the world is going to need better water management systems for buildings. Worth a listen if you’re interested. I found their podcast on soundcloud but it runs across multiple platforms. It’s good stuff - been listening for a while.

Salty.

[dynam1te] 10/9/2021 07:45

From the Naked Trader yesterday talking about shares going down on profit taking after news; Alumasc was a different kettle of fish. That actually fell before the results - if it had risen a lot before there would have been a sell off on results day, so that was a totally different play so on this one I bought more before results. Does this make sense? Results were very decent and it looks undervalued still. So unusually for me I bought more ALU on the weakness. It really does look cheap! More on this one in the last update.

[martinthebrave] 07/9/2021 16:24

Can Sell loads but can't Buy any. Usually the other way around.

[mfhmfh] 07/9/2021 14:00

PE ratio of just over 10 at the moment. PE ratio of 15 would not be unreasonable. IMHO.

[greyingsurfer] 07/9/2021 12:42

As they say, undemanding targets

[gswredland] 07/9/2021 12:25

Thanks for this mfh

[mfhmfh] 07/9/2021 11:32

FinnCap had the following:

revenue of £90m (actual £90.5m)

profits of £10.5m (actual £11m)

EPS of 23.5p (actual 23.7p)


looks like a beat on forecasts.

Price target 315p but could be higher:

'Our 315p price target is based around an EV/EBITDA of 9.5x and a P/E of 13.3x, neither of which look demanding set against the FY1 peer group median P/E of 17.5x. With strong financial headroom and an ambition to grow , we see good scope for EPS enhancement from acquisitions.'

[valhamos] 07/9/2021 09:24

But ahead according to forecast on sharelockholmes (23.7 pence eps v 23.44 forecast).

[redalert] 07/9/2021 08:26

It did look like a small miss based on the forecasts on sharepad

[zangdook] 07/9/2021 08:20

at a quick glance it reads ok, but we're down ~10%...

[tole] 28/8/2021 12:49

https://masterinvestor.co.uk/equities/a-small-cap-catch-up-with-braemar-alumasc-image-scan-augean-and-medica-group/Alumasc (LON:ALU) – my short-term forecast is 287.5pWell how right was my article on this premium building supplies group?At the start of August (9) I wrote a profile on the company, reminding readers of its value ahead of the results due soon.It was headed 'Alumasc – The market does not always do just as you hoped.'How apt was that?The price was then 230p, it proceeded to flop off to as low as 201p within the next two weeks.But then on Tuesday of this week, they started to move a lot better, jumping 20p to close at 235p on the day.May I remind you that the group's results, its finals to end June this year, will be declared on Tuesday 7 September.The figures could well be good enough to more than justify a price 50p higher than the current end week price of 237.5p.My forecast for the shares is around 287.5p within weeks.

[philsmi1] 25/8/2021 16:10

Full year results due 7th, that's all I've seen lately

[gemmaqiu12] 25/8/2021 14:42

Nice jump! What's the News?

[gswredland] 10/8/2021 17:08

Interesting read Dave
Thank you

[tole] 09/8/2021 20:37

https://masterinvestor.co.uk/equities/alumasc-the-market-does-not-always-do-just-as-you-hoped/Checking the forecastAnalyst David Buxton, research director at brokers finnCap, was impressed, concluding that momentum remained strong as the group went into the new year at the start of last month: "Alumasc's cost savings programme, liquidity management, strong balance sheet and improved commercial positioning underpin a robust platform that is well positioned to benefit from the long-term growth drivers in our market."Buxton raised his various estimates for last year and this current year – going for £90m (£76m) of sales and profits of £10.5m (£3.7m), worth 23.5p in earnings per share (8.2p) for 2021 and then a modest £97m of revenue for this year, with profits of £10.8m, giving earnings of 24.1p per share. Buxton goes for a 7.5p dividend for 2021, then 8p this year. He raised his price objective from 262p to 315p.Comparing 10 similar companies in the building products sector, including Marshall, Ibstock, Epwin, Norcros, Kingspan and Polypipe, it becomes apparent that Alumasc, at just 230p, is trading well below the average ratings.It seems that around 18.2 times price earnings for last year, then 15.3 times in the current year come out as the mid-values. On Buxton's estimates that would put its shares on a sector-average rating of 423p for 2021 and 370p for this year. But taking a more cautious view would see the Alumasc share price range between 325p and 350p based on the finnCap estimates.I would guess, at this early stage, that within the next six weeks or so such profit targets will be heightened in line with the current, booming, building-products market.In my view, now is the time to either top up your holdings or buy the group's shares before the final accounts are released on Tuesday 7 September.This is your opportunity.

[texaspete2] 07/8/2021 12:08

Growth in the UK construction sector eased in July amid shortages of staff and supplies, according to a survey released on Thursday. The IHS Markit/CIPS construction purchasing managers' index fell to 58.7 from June's 24-year high of 66.3. This was below consensus expectations for a reading of 64.0 and signalled the slowest overall increase in construction output since February.

[antanatar] 06/8/2021 07:31

@insider... i've done all you have said and cant find anything "uncanny".... perhaps you are mistaking uncanny with actually putting effort in to research and sticking to a proven plan. Next thing you'll be having a go a Warren for long term holding of solid firms. The only thing i can say is whilst i dont blindly follow what Robbie says i do take notice of his purchases and do MY OWN research on anything that meets my criteria. I have now taken a position in ALU based on it meeting MY OWN criteria but i will be happy to admit it was Robbies action that put it on to my radar.

And as for my lack of posting, i dont tend to do so because BB's tend to be full of rampers. de-rampers or people participating in p!ssing up the wall contests

[bluebelle] 05/8/2021 17:04

This seems to be retail investors taking profits. According to the company they are unaware of any institutional selling which I think they would be by now had there been any.