Breedon Share Discussion Threads

[au24] 17/10/2016 10:10

Looking to buy

[au24] 13/10/2016 11:57

No one knows!

[au24] 12/10/2016 17:33

Is a divi to be expected soon?

[zcaprd7] 12/10/2016 16:18

When and how did David Williams get his shares then?

[zcaprd7] 10/10/2016 09:11

Indeed! A 10 bagger, but with triple dilution...

[alter ego] 10/10/2016 08:15

I see the current number of shares is quoted as 1,400m so my earlier figure from the blacklisting review is outdated. Market cap in late 2010 was about 72m now it's about 990m.

My purchase in May 2011 at 16.3p has done rather well despite dilution.

[zcaprd7] 09/10/2016 23:58

Thanks alter. So triple dilution. What was the increase in market cap?

[alter ego] 09/10/2016 17:07

zcaprd7, if you look back to Sept 2010 when Breedon was involved in a placing to carry out a reverse acquisition with Marwyn Minerals, the number of shares in the combined entity stood at roughly 553m. The most recent blocklisting review states that there are currently 1,152m shares. You can look at RNS' issued in the intervening period to see when and why the additional shares were issued.

[zcaprd7] 09/10/2016 14:17

Hello chaps. I know this might be off topic, but I'm invested in sigmaroc, who are meant to be "doing a Breedon"... Does anyone have a potted history of how Breedon got to their market cap, specifically, how much dilution was there on the way up?

[linhur] 07/9/2016 11:40

David Williams (Marwyn Investors) BREE NED and part of the large shareholding when Breedon Aggregates was floated many years ago) seems to be exiting. 6.4m shares gone but still holding 10m.Presumably exiting due moving of BREE from AIM to main market.
This may explain above sale

Linhur

[redartbmud] 06/9/2016 20:58

Time Price Quantity Buy Sell
15:46:59 71.7500 2,000,000 OK 0.0000 0.0000 ? 0 0

No idea.

[tini5] 06/9/2016 18:41

2 million shares changed hands - was that a buy or a sell?

[wad collector] 14/8/2016 21:35

Thanks for that . My recollection is hazy of Bardon ; it was about 20 yrs ago!
I see from the Company website that the nature of the Aggregate business is fittingly one of Aggregation. So a takeover is high on the possibility list.

[redartbmud] 13/8/2016 07:24

wad

I believe the story here is Tom. He knows the business inside out. As a former investor in Bardon you must have first hand knowledge of the way he operates. I am in on the back of that fact and believe that he will continue to grow turnover and profit both organically and by acquisition.
I have lost track of when it joins the main market from Aim.
To counter the lack of dividend I bought on the Brexit dip and then sold into the recovery. At some point they will introduce a dividend but how long is a piece of string?
I ignored strong advice to buy when the Sp was 14p and only got the message at 40p.

Not intended as advice to buy, and your previous knowledge of Bardon should stand you in good stead.

red

[wad collector] 12/8/2016 22:29

Been sniffing at buying here ; the primitive builder in me has always liked aggregates and builders , but my previous holdings in Tarmac and Bardon got taken over and wouldn't want to see that here :-)
Looking at the prev results statements I see no mention of any dividend plans. I presume this has never historically paid a yield. The EPS of thruppence is not exactly overwhelming ; is the value here mainly prospective?

[elmfield] 27/7/2016 07:41

On this we should see old highs in our wing mirrors.

[alan@bj] 22/7/2016 08:25

Latest view from Investors Chronicle:-
(BREE) may look like a slow burner, but it's important to remember that it has over half a billion tonnes of aggregate reserves held in over 50 quarries across England and Scotland, and that's without including more than 60 ready-mixed concrete plants and nearly 30 asphalt plants. And with completion of the Hope Construction Materials acquisition expected in August, this will increase to nearly 200 ready-mixed concrete plants and about three-quarters of a billion tonnes of reserves.

Despite uncertainties generated ahead of the referendum, Breedon increased its underlying earnings in the six months to June by 21 per cent to £22.8m, while its preferred performance metric, underlying margins, grew from 11.8 per cent to 14 per cent. The first half included winning its largest ever contract in Scotland, valued at up to £55m as part of a £745m project for a road round Aberdeen. And, despite relatively subdued market conditions, work on several new projects was secured in England. All in all, 4.6m tonnes of aggregates were sold, up from 4.5m a year earlier.

Finances are in good shape, boosted by £39.1m raised through a share placing late last year, and net debt of £58.3m in June 2015 has been turned into a net cash balance of £17.6m.

Analysts at Peel Hunt are forecasting adjusted pre-tax profits of £49m and EPS of 3p for the year to December 2016 (from £35m and 2.7p in FY2015).

There remains a pressing need to invest in infrastructure within the UK, and Breedon is ideally placed to benefit. The shares are up from our buy tip (52p, 10 September, 2015) and with the Hope acquisition set to boost profits, we remain buyers. Buy.

[sophiegb] 21/7/2016 15:00

Proactive Investors is here:

[alter ego] 23/6/2016 10:37

whether computerised or not, trades are not designated as buy or sell so you are stuck with the guesswork result. Ought to be possible but isn't done so you are stuck with it. Here's what another site (Money-AM) says about trades

It should be noted that all trade declarations made by the market do not include a buy or sell indicator and therefore we have to derive this information ourselves. The policy we have adopted is based on the mid price of the stock at the time of the declaration. For example, a trade declared at a price that is higher than the mid price at the time of declaration would be put in the buy column, a trade lower than the mid price would be put in the sell column. A trade which matches the mid price would be considered unknown. Please also note that the market can delay declaration of the trades for up to an hour in which case we will not make any assumptions and place that trade in the 'unknown' column. Please also note that many investors are able to buy and sell within the spread and also users of level 2 systems will actually be buying at the perceived sell price, these trades might therefore appear to be wrongly categorise

[bhafc5] 23/6/2016 09:34

14000 at 67.4p sale not purchase!

[bhafc5] 23/6/2016 09:31

Too often for computerised dealing , no excuse ( IT) consultant.

[alter ego] 23/6/2016 09:21

why are you surprised? The method for designating a transaction as a sell or buy is crude and simply uses the mid price as a demarcation point. Quoted bid and offer prices (which imply a mid price) are often not the price you will be get when you trade hence trades are often misdescribed as buy's or sells. It's just a guess really, that's why it's often wrong.

[bhafc5] 23/6/2016 09:14

Again !! The 5026 trade was a sale not purchase . Seems a regular happening .

[bhafc5] 01/6/2016 08:47

The 6986 trade was a purchase not sale !