Breedon Share Discussion Threads

[dgwinterbottom] 03/7/2017 19:01

I notice that the Registered Office was moved to Jersey recently. Do others believe that in the interests of shareholders the AGM should be held "on the mainland" so shareholders could attend the AGM of THEIR company without significant cost travelling to Jersey. Unlike the BOD most shareholders would be unable to have such travel expenses covered.

[swiss paul] 22/6/2017 21:55

Nope - HS2 not priced in yet - lets see who gets bid and more importantly tier 2 suppliers

[dgwinterbottom] 19/6/2017 11:29

Given it currently has a rolling peg of 1.14 would anyone agree it is perhaps fully values at the moment?

[elmfield] 25/5/2017 21:49

Very nice AIM share, hope it stays on the AIM.

[swiss paul] 25/5/2017 21:20

Aye steady as she goes eh

[kiltrock] 17/5/2017 19:35

This one is proving a nice earner

[au24] 03/5/2017 14:23

HS2
I hope not.

[swiss paul] 02/5/2017 21:23

Aye - erm a large Stetson for me - wiv lots of salt please :-(

[linhur] 02/5/2017 11:34

Perfect acquisition. Heart of the Midlands and HS2

[redartbmud] 02/5/2017 08:40

Every little helps :-)

[baxter99] 02/5/2017 08:21

Another small purchase!

[swiss paul] 01/5/2017 20:06

but since then - what - besides purchase a co and of course give themselves lots of options at a not to onerous target

[baxter99] 25/4/2017 22:14

sp - I originally invested several years ago based mainly on the chairman's statement (even though net debt was a bit high at the time). It is often the case that boring companies are a great investments in the long-term).

[swiss paul] 25/4/2017 21:03

I don't want to set he world on fire!
Peter Tom CBE, Chairman of Breedon Group, will deliver the following statement at the Company's Annual General Meeting at 2.00pm today:

"Trading in the first three months of 2017 was in line with our expectations.

"We have made excellent progress with the integration of the former Hope Construction Materials and Sherburn Minerals businesses. Their operations have all been integrated as appropriate into Breedon Northern, Breedon Southern and Hope Cement, each of which is now operating as a fully autonomous division. The migration of all three divisions onto a common IT platform is well underway and will be completed in the next few months.

"Meanwhile we are continuing to invest in capacity and operational improvements across the Group, with capital expenditure, as planned, expected to run ahead of depreciation again this year.

"The outlook for our industry continues to be positive. The Construction Products Association is forecasting a five per cent increase in construction output between 2017 and 2019, with the strongest growth expected to be in infrastructure and housing, which together have historically accounted for approximately two-thirds of our end-use markets.

"Against this backdrop, we remain confident of delivering a performance in line with market expectations for 2017."
Yawn - I hold

[alan@bj] 21/4/2017 21:30

Yikes??!! Prep school talk.

[swiss paul] 21/4/2017 20:49

Yikes - cant see how with these freeloaders

[alan@bj] 21/4/2017 08:36

Getting a push from Investors Chronicle today. One of the Tips of the Week.

[swiss paul] 19/4/2017 20:51

And I present - piggies in the trough - don't stretch to far

The Company announces that on 18 April 2017 the following Directors and other Persons Discharging Managerial Responsibilities (PDMRs) were granted awards under the Company's Performance Share Plans ("PSPs") in respect of the performance period 2017 to 2019, to acquire the number of ordinary shares of nil par value in the Company ("Ordinary Shares") set against their names in Table 1 below. The awards will vest on 18 April 2020, subject to the satisfaction of a performance condition based on underlying EPS growth being significantly in excess of growth in RPI over the three-year period ending on 31 December 2019.



Table 1


Director/PDMR

Role

Ordinary Shares subject to conditional award


Peter Tom CBE*

Executive Chairman

529,801


Pat Ward

Group Chief Executive

695,364


Rob Wood

Group Finance Director

417,218


Tim Hall

Chief Executive - Southern

234,172


Alan Mackenzie

Chief Executive - Northern

234,172


Ross McDonald

Group Services Director

166,887


Stephen Tagg

Group Human Resources Director

190,993


Darryl Matthews

Head of Strategy & Commercial Services

108,609


Stephen Jacobs

Head of Communications & Marketing

64,105




*The Award to Peter Tom CBE was granted to Rise Rocks Limited, a company in which Mr Tom has a beneficial interest, which provides the services of Mr Tom as Chairman to the Company and was structured as an option at an option price equal to 1 pence per Ordinary Share. Once vested the option may be exercised at any time up to the 4th anniversary of the date of grant. All other awards were structured as conditional awards.



In addition, the Company has granted further awards under the PSPs to the Directors and other PDMRs shown in Table 2 below:









Table 2


Director/PDMR

Role

Ordinary Shares subject to conditional award


Pat Ward

Group Chief Executive

231,7881


463,5762


Rob Wood

Group Finance Director

132,4501


Stephen Tagg

Group Human Resources Director

106,1072


169,7723


Stephen Jacobs

Head of Communications & Marketing

33,8332


96,6043




1Pat Ward's award is granted in respect of the PSP awards granted in April 2014 which were subject to a performance condition assessed over the period 2014 to 2016 and which vested on 3 April 2017. Pat Ward did not participate in the PSP awards granted in April 2014 but has been in service for part of the performance period; the award granted has been calculated on a pro-rata basis reflecting the proportion of the performance period for which he was in service. Rob Wood's award is granted to ensure that he is rewarded on a fair and consistent basis relative to other members of the senior executive team, and to reflect his contribution since he joined the business. Each award will vest in April 2018, following the expiration of an additional 12 month holding period and subject to an assessment of the relevant executive's ongoing performance in their role.



2These awards are granted in respect of the PSP awards granted in April 2015 and which are subject to a performance condition assessed over the period 2015 to 2017. Pat Ward, Stephen Tagg and Stephen Jacobs did not participate in the PSP awards granted in April 2015 but will have been in service for part of the performance period. The awards granted have been calculated on a pro-rata basis reflecting the proportion of the performance period for which they will be in service. The awards granted are subject to the same performance conditions as the PSP awards granted to other Directors and PDMRs in April 2015 and, subject to the satisfaction of those conditions, will vest in April 2019, following the expiration of an additional 12 month holding period to further align the interests of the executives with shareholders.



3These awards are granted in respect of the PSP awards granted in April 2016 and which are subject to a performance condition assessed over the period 2016 to 2018. Stephen Tagg and Stephen Jacobs did not participate in the PSP awards granted in April 2016 but will have been in service for part of the performance period. The awards granted have been calculated on a pro-rata basis reflecting the proportion of the performance period for which they will be in service. The awards granted are subject to the same performance conditions as the PSP awards granted to other Directors and PDMRs in April 2016 and will vest in April 2020, following the expiration of an additional 12 month holding period to further align the interests of the executives with shareholders.

IOTS!

[swiss paul] 03/4/2017 20:01

well where did these go?
Peter Tom, Chairman, has transferred in 701,098 shares in the company on the 3rd April 2017 at a price of 0.00p. The Director now holds 41,792,965 shares.

[reddave9999] 03/4/2017 11:57

Well this is disappointing to say the least.

[trewsa] 29/3/2017 15:03

Millions of buys......share price goes nowhere.Why bother?

[reddave9999] 20/3/2017 21:33

thanks for that bamboo :)

[alan@bj] 20/3/2017 13:46

Thanks bamboo.

[bamboo2] 20/3/2017 13:38

A Flag or Pennant is a consolidation zone that follows a straight line price run [the flagpole]. BREE's is a bull flag, ie we anticipate positive price action, following the consolidation.

This is a common chart pattern. Bulkowski has back-tested 1,000's of these chart patterns to produce statistics that can be used to calculate likely target prices, following a upward price breakout of the flag.

For the last few years I have been using Bulkowski's methods in my trading, both for target setting and timing. I tend to keep note of the current chart on the relevant bulletin board, in order that I can look back to see the outcome.

BREE target price ranges from 84.5[advfn tp] to 85[Tradingview tp]