Brammer Share Discussion Threads

[broadwood] 24/2/2014 16:27

Nice late rise. Can it hold into the close?

[redartbmud] 18/2/2014 07:46

That will do nicely.

[broadwood] 18/2/2014 07:23

Brammer said total group revenue was up 1.9% to £651.9m in the year to end-December (2012: £639.6m). Profit before tax increased by 25.6% to £32.9m.

· Gross margin up 100 basis points to 31.5% (2012: 30.5%).

· Operating profit (pre amortisation of acquired intangibles ("amortisation") and acquisition related costs) increased by 6.7% to £39.8 million (2012: £37.3 million).

· Operating margins (pre amortisation and acquisition related costs) improved from 5.8% to a new high of 6.1%.

· Profit before tax (pre amortisation and acquisition related costs) increased by 4.4% to £35.4 million (2012: £33.9 million*).

· Profit before tax increased by 25.6% to £32.9 million (2012: £26.2 million).

· Cash flow from operating activities increased by 80% to £45.5 million (2012: £25.3 million).

· $100 million of additional long term funding was obtained during the year.

· EPS (pre amortisation and acquisition related costs) increased by 2.8% to 22.1p (2012: 21.5p).

· Dividend up 8.5% to 10.2p (2012: 9.4p) reflecting the Board's confidence in the outlook for the business.

Operational Highlights

· Continued successful execution of organic growth strategy:

- Key Account sales per working day growth of 8.7%; Key Account sales, including Buck & Hickman, now represent 54.6% of revenues (2012: 50.0%). A further 12 contracts won during the year with total potential incremental revenues worth in excess of €100 million per annum.

- Insite™ sales growth of 13.0% with a net 56 new locations established.

- Strong revenue growth of 7.1% overall in Tools and General Maintenance, with 35.7% growth in continental Europe.

- Key Account revenues from Food and Drink grew by 13.2%, Metals by 19.4% and Fast Moving Consumer Goods by 9.0%, demonstrating the group's resilience in difficult economic conditions.

- Overall Brammer delivered a record £60.0 million (2012: £51.5 million) of customer validated cost savings to our customers.

· Since the year end, the acquisition of Lönne Holding AS was completed in January 2014 - a leading distributor of OEM and MRO industrial products operating from 15 locations in Scandinavia and Finland.

Ian Fraser, CEO, said:

"In 2013 we continued to gain market share, driven by the provision of exceptional value and service to our customers, and further investment in our long term growth strategy. Our European Key Account and Insite™ strategy continued to produce significant growth, against a challenging market backdrop, with Key Account revenues up 8.7%, representing nearly 55% of sales. Our launch of the full Tools and General Maintenance range of products on the continent resulted in growth of 35.7%; the established foundation of supplier relationships and expertise will enable us to enjoy significant future growth of this product range.

There were some signs of improvement in our markets as the year drew to a close, and we are cautiously optimistic that this modest improvement will continue in 2014. The first six weeks of the New Year have continued the positive trend of the final quarter. Whilst the pace of economic recovery in Europe remains uncertain, our growth drivers will ensure we continue to perform well ahead of our markets."

[broadwood] 18/2/2014 07:05

Looks pretty strong to me.

[redartbmud] 17/2/2014 19:45

It's all crossed now!

[broadwood] 17/2/2014 17:10

Everything crossed for tomorrow.

[broadwood] 10/1/2014 07:39

- Brammer - a leading pan-European added value distributor of industrial maintenance, repair and overhaul product solutions - will be announcing its preliminary results for the year to the end of December on 18 February.

[cellars] 07/1/2014 15:22

The acquisition looks a tad expensive and is one of the biggest they have done. But, I trust the management here to know good value and that this provides solid foundations for substantial growth in an adjacent geography.

[broadwood] 07/1/2014 14:52

Going nicely on that acquisition news.

[broadwood] 03/1/2014 16:29

Funny action today. Some big sells but shares rising.

Can it hold gains into the close?

[freddie ferret] 27/11/2013 16:15

Stabilised well here.

[freddie ferret] 13/11/2013 16:56

Perhaps not a pity after all.

[smythy4] 13/11/2013 08:32

Bram is looking increasingly grim. Pointless hanging on in here with SO many other stocks taking off on AIM and money being made hand over fist.

FML looks about to take off...overdue financial & op update due, & ex CEO forecasting mkt cap to increase by factor of 8 by end of next year!

Buy FML ..update any day...

[broadwood] 13/11/2013 08:28

Very painful.

[miti 1000] 13/11/2013 08:24

lol baxter....words of wisdom

[baxter99] 12/11/2013 21:00

sell the losers (for smallish losses) but run the winners.
Fear and greed are the slayers of trading success - i know, i've been there.

[redartbmud] 12/11/2013 20:41

ff

Sad, but "ya pays ya money and makes ya choice" - as they say.
If I had held on to more of my buys I might have been a millionaire by now - especially had I let go of the dogs earlier. Hindsight is a wonderful thing!

I sold some on the way up, as I thought that the price had run away too far. In hindsight it was crawling in first gear at the time.


red

[freddie ferret] 12/11/2013 16:52

Pity I sold out of these.

[broadwood] 12/11/2013 16:38

Hits £5, highest ever.

Hope those results don't disappoint.

[broadwood] 08/11/2013 15:26

Powering onwards.

Figures next Friday.

[broadwood] 29/10/2013 15:45

Another nice bump - so far.

And interim divi next week I think.

[broadwood] 10/10/2013 16:36

Wow look at that go at the end!

[broadwood] 01/10/2013 16:24

Nice bump there. Will it hold to the close?

[broadwood] 13/9/2013 08:15

I noticed he'd sold a few. I'm staying.

Nigel Thomas takes profits on Brammer


Citywire AA-rated UK stock market veteran Nigel Thomas has taken some profits on mechanical component distribution, logistics and repairs business Brammer Plc as its shares surge.

Thomas cut his investment in the business from 15.6 million shares to 15.1 million or 12.85% worth £7.1 million at a share price of 473p, up 87% over the last year versus a FTSE All Share return of 16%.

The shares are held in his £4.04 billion AXA Framlington Select Opportunities fund which over the last five years has returned 77.68% versus a FTSE All Share return of 53.13%.

Shares in Brammer have been setting new daily records since the end of July when it released interim numbers reporting profits before tax up £500,000 to £14.6 million and upped its dividend 13.3%.

The company currently trades a significant premium to its peer group against a range of metrics, with a 12-month forward price to earnings multiple of 17.7 times versus a peer median
of 12.4.

[broadwood] 03/9/2013 16:01

Looks unusual for sure.