Brammer Share Discussion Threads

[toffeeman] 09/10/2014 18:58

Well if it doesn't bounce here 250 looks like the next support

[toffeeman] 09/10/2014 09:15

Anyone there?

Seems to have gone below trend line from 2012 and is approaching the one from 2010 (about 325).

This seems to be common with other stocks I follow (BOY ELM) and makes me wonder about impending correction/buying opportunity.

Views?

[broadwood] 29/7/2014 09:52

Underlying operating profits at Brammer - a leading pan-European added value distributor of industrial maintenance, repair and overhaul products - rose by 19.8% to £20.6m in the six months to the end of June. Total group revenue rose by 10.9% to £364.1m. At constant currency total revenue increased by 13.1%. Gross margin up 60 basis points to 31.3% (2013: 30.7%) and underlying profit before tax rose by 15.1% to £17.5m. The interim dividend is up 5.9% to 3.6p (2013: 3.4p) reflecting the board's confidence in the outlook for the business. The group's pre-tax and operating profits fell by £3.0m to £11.6m and by £1.9m to £14.7m respectively, reflecting £5.3m of acquisition related costs and exceptional items. Chief executive Ian Fraser said: "In 2014 we have continued to demonstrate our resilience whilst expanding our European footprint into Scandinavia. Despite market conditions remaining challenging, we have seen improving growth rates in the last six quarters (excluding the benefit from the acquisition of Lönne) as our strategy of focusing on Key Accounts, Insites and cross-selling initiatives continues to deliver results out-performing the market. "We are mindful of the recent uncertainties regarding growth rates in our European markets in the second half of 2014, but we remain confident our proven strategy will help us continue to gain market share." -

[broadwood] 29/7/2014 09:26

Upgraded this morning.

Investec Brammer PLC 29/07/2014
Upgrades
Hold Buy
2
450.00 435.00 405.25
-15

2

[redartbmud] 29/7/2014 08:30

There are a lot of positives in the statement, and the company is continuing it's strategy of building the business.

I am very content - Onwards and Upwards.

[broadwood] 29/7/2014 08:05

Reassuring hopefully.

[redartbmud] 25/7/2014 15:26

29 July Results. I hope that I will still love it after then.

[broadwood] 25/7/2014 15:03

I'd expected some sort of softening because of the pound strength but its very unloved just now.

[broadwood] 25/7/2014 14:59

Could do - results Tuesday, I think.

[redartbmud] 25/7/2014 14:32

bw

Nip down the road and ask?

red

[redartbmud] 25/7/2014 14:29

Wish I knew. Worrying.

[broadwood] 25/7/2014 13:55

Jeez - what's going on?

[redartbmud] 17/4/2014 20:56

Stroll down the road then?

[broadwood] 17/4/2014 15:35

Just round the corner.

[redartbmud] 16/4/2014 22:23

bw

In the offices at Teddington.
Not too far for you is it?

red

[broadwood] 16/4/2014 16:29

red - I used to attend a lot of AGM's a few years back but got a bit sceptical after noting that the market had the prepared speech at the open.

Where is it by the way?

Nice rise today if it holds into the close.

[redartbmud] 09/4/2014 11:37

bw

You should have a day ot at the AGM in May. It could be worthwhile.
I might just mosey on down.

red

[broadwood] 09/4/2014 09:53

Wrong. Not a bad reaction at all - initially at least.

[broadwood] 09/4/2014 07:07

Good reasons - but it'll hit the price.

[broadwood] 04/4/2014 16:53

Knocking at the door of that all time high again.

[broadwood] 25/3/2014 15:42

Re-reading the statement below, with Europe recovering,there should be plenty more to go for.

Ian Fraser, Chief Executive 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(TM) 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] 25/3/2014 15:38

Holding up pretty well during weak markets. Nice rise so far today.

[broadwood] 07/3/2014 16:38

Still making headway despite a strong wind.

[broadwood] 04/3/2014 15:59

A whisker from all time highs.

[broadwood] 25/2/2014 16:31

Another nice rise into the close. Same question, will it hold.