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 Shares Traded Last Trade
  -2.00 -1.27% 156.00 3,619 12:05:07
Bid Price Offer Price High Price Low Price Open Price
153.00 159.00 158.00 156.00 158.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 90.47 9.80 21.20 7.4 56
Last Trade Time Trade Type Trade Size Trade Price Currency
10:28:52 O 6 155.20 GBX

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16/5/202211:23Alumasc - 2010674

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Alumasc Daily Update: Alumasc Group Plc is listed in the Construction & Materials sector of the London Stock Exchange with ticker ALU. The last closing price for Alumasc was 158p.
Alumasc Group Plc has a 4 week average price of 156p and a 12 week average price of 156p.
The 1 year high share price is 286p while the 1 year low share price is currently 156p.
There are currently 36,133,558 shares in issue and the average daily traded volume is 22,017 shares. The market capitalisation of Alumasc Group Plc is £56,368,350.48.
tole: Group (LON:ALU) – very undervalued, use this cheap-buying opportunityYesterday's announcement of its Interim results to end December last year, apparently disappointed investors.They took the shares down from 222.5p overnight to just 195p at the worst.That they closed last night at 217.5p.At the group's AGM last October the building products group had already warned that material prices were rising, as well as suffering supply shortages – so why was the reaction so bearish?I consider that it was overdone and that it gives investors an excellent buying opportunity to load up on an undervalued quality stock that offers an attractive 4.5% yield.The group's broker finnCap currently has a price objective of 315p on the shares, which they not only rate as a 'buy' but clearly predict significant medium-term upside potential.For the full year to end June their analyst David Buxton is estimating revenues of £97m, profits of £10.8m, earnings of 23.6p and a 10p dividend per share.The broker has compared the group's rating to a dozen other such companies in its sector. It shows a 'mean' price earnings ratio of 16.9 times – compared to the sub-9 times of Alumasc Group.Both the company and the broker expect a much stronger second half year, confirming that the group is well in line to meet current expectations.There was a fairly heavy dealing volume yesterday of almost 200,000, as against the daily average of 32,791 shares traded.I repeat that this fallback is an excellent piece of timing in taking stock out now.
parttime: Nice to see the F.D. is confident... 29 November 2021 The Company announces that it received notification on 29 November 2021 that Mr Simon Dray, Group Finance Director, purchased 20,000 ordinary shares at the price of 210.00p each.
km18: From WealthOracleAM.... The building products industry, where today’s company operates, has suffered less than what anyone might predict during the last 18 months. Many of the big companies managed to adapt quickly and address challenges in operations in the most efficient way. Our small cap pick from today managed to rebound relatively quickly with performance this year in line with the crisis-free 2019. Over the summer the sector suffered from excess demand compared to supply driven by the sharpest rise in commercial work since September 2020. As a result, prices were propelled to all-time highs.
zangdook: How is ALU a "penny stock"?
tole: top green penny stockSupply chain issues are also causing huge problems in the construction industry. Costs are spiralling and developers are reappraising the economics of certain projects. Even if the will remains, huge raw material shortages are preventing building work from starting, or continuing in many cases.In this environment, building products supplier Alumasc Group (LSE: ALU) faces a not-insignificant threat to profits in the short-to-medium term. However, I'm still considering adding this penny stock to my shares portfolio today.Why? For one, through its Timloc brand it offers a broad range of construction products for the housebuilding sector. It's therefore well-placed to exploit the housebuilding boom of the coming decade (the government aims to create 300,000 new homes a year by the mid-2020s).Secondly, I like Alumasc's focus on manufacturing sustainable building products, something that will stand it in good stead as governments and businesses aim to become greener. In the company's words, most of its products "manage the scarce resources of water and energy in the built environment, and improve quality of life for the owner/occupier using recyclable materials."
tole: 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.
dynam1te: 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.
mfhmfh: 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.'
tole: (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.
tole: 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.
Alumasc share price data is direct from the London Stock Exchange
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