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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Breedon Group Plc | BREE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -15.50 | -4.08% | 364.50 | 16:35:03 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 369.50 | 358.50 | 375.00 | 364.50 | 380.00 |
| Industry Sector |
|---|
| CONSTRUCTION & MATERIALS |
| Top Posts |
|---|
Posted at 06/3/2024 10:02 by undervaluedassets cash generation very good.I like that alot. Confident dividend increase on the back of it too. |
Posted at 01/2/2024 12:55 by triskelion How do you easily find out the proportion of issued share capital in general public hands i.e. non-institutional holders? The Major shareholders and Directors' dealings for BREE in SharePad make for odd reading.Also PE interest as in SRP, risk of listing being terminated etc? PS: any particular reason why it''s incorporated in Jersey CI? |
Posted at 26/7/2023 20:57 by swiss paul Interim results 2023Strong first half; full year expectations maintained Strategic execution and operational focus deliver robust performance Breedon Group plc (Breedon or the Group), a leading vertically-integrate Statutory highlights Underlying1highlight £m except where stated H1 2023 H1 2022 % change H1 2023 H1 2022 % change % LFL2 Revenue 742.7 671.1 11% 742.7 671.1 11% 7% EBIT 62.1 65.5 (5)% 70.5 66.9 5% 4% EBIT margin 8.4% 9.8% (140)bps 9.5% 10.0% (50)bps Profit Before Tax 56.5 59.5 (5)% 64.9 60.9 7% Basic EPS3,4 13.0p 14.5p (10)% 15.3p 15.0 2% Dividend per share4 4.0p 3.5p 14% Net Debt5 220.4 256.7 (14)% Covenant Leverage6 0.7x 1.0x (0.3)x ROIC7 10.0% 10.0% - FINANCIAL HIGHLIGHTS Operational focus and agile delivery generated a strong first half financial performance · Resilient end-markets continued to be supported by long-term structural growth drivers · Dynamic pricing tailwind more than offsets expected lower volumes, leading to revenue increase of 11% or 7% on a like-for-like basis · Underlying EBIT growth of 5% reflects revenue drop through, partially offset by higher energy costs as hedges moved back into line with market pricing Financial flexibility maintained while investing for growth · ROIC maintained at 10% · Investment in three strategic bolt-on acquisitions · Significantly lower Covenant Leverage at 0.7x due to lower seasonal working capital outflow, good control of inventories and strong cash collection Interim dividend increased significantly ahead of earnings by 14% to 4.0p · Reflecting our confidence in the prospects of the Group and in keeping with our progressive dividend policy OPERATING HIGHLIGHTS Emphasis on operational excellence and cost recovery · Self-help; all divisions initiated operational excellence reviews, Cement executed two scheduled kiln maintenance shutdowns on time and within budget · GB revenue increased 10%; completed two bolt-on transactions and delivered a solid first half through nimble execution, strong pricing tailwind and careful cost management · Ireland grew revenue 11%; traded well through tendering season, winning work on quality, and completed the acquisition of Robinson Quarry Masters · Cement increased revenue 18%; strong pricing was sustained, enabled by resilient end-market demand Significant sustainability milestones achieved · Key partner in the launch of the Peak Cluster initiative, an innovative carbon capture and storage collaboration aiming to reduce industry emissions significantly · 'Breedon Balance', our range of products with sustainable attributes, continued to gain traction, accounting for 30% of revenue · Further improvement in our rate of Cement alternative fuel substitution to 50% (2022: 48.5%) ADMITTED TO THE MAIN MARKET OF THE LONDON STOCK EXCHANGE Breedon shares now traded on the Main Market · We expect to be eligible for inclusion in the FTSE 250 and FTSE-All share indices at the next index review in September 2023 CURRENT TRADING AND OUTLOOK Well-positioned for the second half; full year expectations maintained · The end-markets we serve have remained resilient. End-market visibility beyond 2023 remains limited in light of the uncertain economic outlook · In response, we have increased our emphasis across the Group on operational excellence and agility to ensure Breedon is as competitive as it has ever been · Well-positioned for the second half of the year; the Group is trading in line with the Board's expectations which remain unchanged Rob Wood, Chief Executive Officer, commented: "In the first half our vertically-integrate "The long-term structural dynamics driving infrastructure spending and housebuilding in GB and Ireland have not changed. To ensure we can efficiently and sustainably meet long-term demand for our essential construction materials, we have re-doubled our focus on those factors under our control; keeping our people safe and well while minimising the cost of production and maximising the value of the extensive portfolio of assets we own and acquire. "By emphasising the operational factors we can influence, we will ensure we remain competitive and continue to deliver outstanding results. By challenging our procedures and practices, we can be sure we will be in the strongest possible position when our end-markets return to growth." |
Posted at 09/3/2023 09:16 by robow from CitywirePeel Hunt: Breedon shares offer value after bounce back Construction materials group Breedon (BREE) has had a decent run this year, but Peel Hunt says the shares still look good value. Analyst Clyde Lewis retained his ‘buy’ recommendation and target price of 92p on the stock, which rose 6.3%, or 4.7p, to 79.1p on Wednesday. Full-year 2022 pre-tax profits were higher than expected at £143m thanks to strong pricing offsetting softer volumes. The outlook for this year was mixed, with softer residential offset by decent infrastructure and industrial markets. ‘The shares have had a good run year-to-date with a 20% bounce, and on 12.4 times price/earnings for full-year 2023, they are still not expensive,’ said Lewis. ‘Getting back to historic multiples of over 20 times looks unlikely for now without more acquisitions, but we continue to think they look good value.’ |
Posted at 08/3/2023 22:36 by alter ego Agree SRC is obvious replacement in same sector as BREE. They look very cheap at present but not much help for me as I am already very fully invested in them. |
Posted at 08/3/2023 19:09 by drectly alter ego, many thanks, as I thought but not so easy to locate clear information. So will sell and invest in other AIM's with the added complication of the capital gains.Suggestions from anyone of suitable alternatives to Bree to look at always welcome. Although BREE holding was for IHT purposes, FWIW I think it still makes a good investment option even when IHT not a consideration. |
Posted at 08/3/2023 14:46 by alter ego drectly, I believe that when you sell a stock which is IHT exempt, the period for which it has been held is "credited" to an exempt stock you subsequently buy using the proceeds of the sale. I.e. you hold stock A for 1 year, sell it and buy stock B. Stock B needs to be held for another 1 year to gain exemption.In the case of BREE, it is moving to the main market so will lose exempt status but unless you sell the stock, I suspect you cannot "reuse" the period for which you held BREE for another stock you may buy. It's not easy to find out exactly what the rules are as HMRC do not list stocks that qualify as exempt. One has to wait until one dies to find out how HMRC view the holding for IHT purposes. |
Posted at 08/3/2023 14:10 by kalai1 Breedon Group Plc posted solid better than expected FY22 final results this morning. Revenues were up 13% to £1,396.3m, EBIT was up 16% to £148m while PBT was up 19% to £135.8m. Full input cost recovery supported profit growth, solid profits have allowed management to strengthen the financial position of the company, enabling investment for further growth. Valuation is a little rich for the sector with forward PE ratio at 12.6x in the bottom quartile for the Construction sector. PS ratio is a little more helpful and mid-range for the sector. The share price is currently 5 months into an uptrend and has bounced another 5% today. The macro environment is the obvious risk for the sector and the stock market more generally, but there is a lot to like here for the long run. BUY......from WealthOracle |
Posted at 08/3/2023 13:00 by drectly Does anyone know if BREE held for less than two years (for IHT purposes) if when sold and buying something else AIM, does the two-year clock start again or does it count from when the BREE in this case was bought? Many thanks if anyone can help.Itis a pity if no longer AIM, it was a very suitable part of a IHT AIM portfolio. |
Posted at 04/7/2022 20:32 by tole https://www.fool.co. |
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