Breedon Share Discussion Threads

[philanderer] 03/11/2017 10:11

Numis: growing potential at Breedon

Numis has greater confidence that building materials supplier Breedon Aggregates (BREE) will hit its 2020 targets and potentially make acquisitions along the way.

Analyst Howard Seymour retained his ‘add’ recommendation and target price of 96p on the stock, after the acquisition of Hope Cement Works, which he said had ‘provided a major platform for growth for Breedon’.

He is also confident that ‘reclassification of the divisions to reflect product and geographic mix has led to an interesting impact on returns, so that reiteration of 2020 margin targets is in fact an upgraded objective’.

‘In our view, this illustrates the greater confidence emanating from management post the acquisition of Hope, as we believe this sets the base for sustained sector-leading organic performance, while acquisitive potential provides additional upside,’ said Seymour.

Shares were trading up 1.7%, or 1.5p, at 87p at the time of writing.

[mirandaj] 12/9/2017 14:28

Birmingham NEC from 10-12 October 2017

Exhibitors already signed up to launch new products, showcase software and provide technical advice include HS2, CEMEX, Breedon Group, Creagh Concrete and Bluebeam. Leading figures from across the industry will also attend the show, such as Crossrail, Heathrow, BAM Nuttall, Kier, Transport for the North and Highways England, where they will debate the industry’s most pressing topics and discuss the challenges and opportunities currently facing the sector.

[au24] 11/9/2017 11:46

One £138.55k buy this morning,outweighing smaller sells.

[au24] 23/8/2017 11:09

200,000 buy just went through this morning.
That's confidence.

[au24] 15/8/2017 17:47

14:03:5 89p deal for 400,000 shares yesterday reported today, didn't jolt the share price at all.

[scotches] 15/8/2017 11:34

"Breedon Group top brass Tim Hall and his wife have taken advantage of a recent lift in the building material supplier’s share price to make £961,000."

[au24] 07/8/2017 12:12

Some meaty buys have gone through this morning,set for another rise soon!

[konkel] 04/8/2017 09:20

Looking back to RNS on 5 July, 30,279,073 shares were issued to satisfy Barclays' exercising of warrants...the exact same number traded yesterday so presumably being placed.

[au24] 04/8/2017 08:15

Late late trades being reported yesterday from days/weeks ago IMO.

[au24] 03/8/2017 20:39

Melody
No they were at 83p

Metis
Placing or LATE reported trades?

[melody9999] 03/8/2017 19:35

au - do you mean 93.5p. just joined in here and happy to have asteady performer alongside some of my higher growth holdings

[au24] 03/8/2017 19:25

Lots of high volume late trades reported,some at 83.5p after hours today

Yet we do nothing but climb higher:)

03-Aug-17
11:21:39
92.00
165,000
Sell* 
92.00
93.00
151.80k
O 


03-Aug-17
17:10:28
92.50
15,000
 
92.00
93.00
13.88k
O 


03-Aug-17
16:53:28
83.50
4,760,612
Sell* 
92.00
93.00
3.975M
O 


03-Aug-17
16:56:51
83.50
2,265,340
Sell* 
92.00
93.00
1.892M
O 


03-Aug-17
16:52:22
83.00
30,279,073
Sell* 
92.00
93.00
25.132M
O 


03-Aug-17
16:54:26
83.50
312,532
Sell* 
92.00
93.00
260.96k
O 


03-Aug-17
16:54:20
83.50
2,032,975
Sell* 
92.00
93.00
1.698M
O 


03-Aug-17
16:54:14
83.50
3,398,010
Sell* 
92.00
93.00
2.837M
O 


03-Aug-17
16:54:07
83.50
10,194,031
Sell* 
92.00
93.00
8.512M
O 


03-Aug-17
16:53:28
83.50
4,760,612
Sell* 
92.00
93.00
3.975M
O 


03-Aug-17
16:53:27
83.50
1,699,005
Sell* 
92.00
93.00
1.419M
O 


03-Aug-17
16:53:16
83.50
4,880,267
Sell* 
92.00
93.00
4.075M
O 


03-Aug-17
16:53:05
83.50
453,133
Sell* 
92.00
93.00
378.37k
O 


03-Aug-17
16:36:33
92.75
7,100
Buy* 
92.00
93.00
6,585
O 


03-Aug-17
16:28:03
92.50
250,000
 
92.00
93.00
231.25k

[au24] 02/8/2017 13:12

Jon Robinson -

Plans to extend Breedon-run quarry approved
2 Aug 2017

Leicestershire-based Breedon's proposals to extend a Lincolnshire quarry by about 120 acres in a bid to gain access to 1.7 million tonnes of limestone has been approved.

hxxps://www.insidermedia.com/insider/midlands/plan-to-extend-breedon-run-quarry-approved

[mirandaj] 01/8/2017 20:36

"Its strategy is to continue growing organically and through acquisition of businesses in the UK heavy construction materials market."

Continuing to build the business and share price.

[au24] 01/8/2017 20:33

dave
I have now sold nearly all my speculative AIM shares and put the proceeds into BREE.
My ex Lloyds investment manager brother put me onto these last summer,but I procrastinated to my shame to buy into them then.
The steady rise of late had me waiting for the fall back which sadly(for me)never came.
In now and waiting to buy more in the future.
Good solid company.

[reddave9999] 01/8/2017 16:22

Thanks for that au24. Breedon is a nice steady ship and one of the best in my portfolio :)

[au24] 01/8/2017 09:15

TODAY'S NEWS

Breedon, the UK's largest independent construction materials group, announces that it has today completed the acquisition of Humberside Aggregates Limited ("Humberside") for a total consideration of GBP9.0 million.*

Humberside is a leading independent sand & gravel quarry and aggregates merchanting business based at North Cave near Hull in East Yorkshire, employing around 30 people.
It supplies a broad range of customers including ready-mixed concrete and mortar producers, various Government agencies, local authorities, and local and national building and civil engineering contractors.

In the year to 30 April 2017, Humberside reported an underlying EBITDA of GBP2.1 million on revenues of GBP14.9 million. It has approximately 3.1 million tonnes of mineral reserves, with the potential to secure additional reserves in the future.

The purchase price is being satisfied by the payment of GBP8.3 million in cash funded from the Group's existing resources, together with the assumption of GBP0.7 million of debt.

Commenting on the acquisition Pat Ward, Breedon's Group Chief Executive, said: "This acquisition provides Breedon Southern with a valuable source of aggregates in the important markets of East Yorkshire and Humberside, where we already operate a sizeable ready-mixed concrete business. It will enable us to create value by internalising the supply of sand and gravel to our network of readymix and mortar plants, whilst serving a strong existing customer base throughout the region.

"Humberside also operates a successful merchanting business, supplying limestone to builders' merchants in the region. A proportion of this material currently comes from Breedon's quarry at Holme Hall, giving us the opportunity to optimise these volumes and benefit from improved logistics planning.


Breedon Group plc is the UK's largest independent construction materials group. It operates the country's largest cement plant, two cementitious import terminals, around 60 quarries, 30 asphalt plants, 200 ready-mixed concrete plants and three concrete products plants nationwide. The Group employs around 2,300 people and has more than 750 million tonnes of mineral reserves and resources.

Its strategy is to continue growing organically and through acquisition of businesses in the UK heavyside construction materials market.
No Divi's then LOL

[au24] 27/7/2017 16:51

Breedon revenues double

20th July 2017 07:34 | Breedon Aggregates

Breedon's revenues doubled to £326.3m in the six months to the end of June and pre-tax profits rose by 50% to £31.2m.

The group said it saw a strong profit improvement from former Breedon Aggregates business and robust contribution from former Hope Construction Materials.

Underlying EBIT margin of 15.8% achieved in former Breedon Aggregates business, comfortably ahead of its 2020 target of 15%

And the group saw further progress on safety improvement with the lost time injury frequency rate reduced from 1.87 in 2016 to 1.41 at half-year.

Other highlights:

- Net debt reduced to £146.8m (Dec 2016: £159.3m)

- Both cement kiln maintenance and upgrade shutdowns completed in first half, on time and to budget

- Integration of former Hope operations completed, with planned synergies expected to be fully delivered in 2018, ahead of schedule

- Pro Mini Mix acquired; further bolt-on acquisitions in pipeline

- Organic development underway in two new quarries in Scotland and County Durham........

'This is money'- write up

[au24] 21/7/2017 21:00

The Times had a large feature on BREE today and had it down as a Buy.

[konkel] 12/7/2017 09:27

Be careful what you wish for au24...a dividend policy would suggest it's going ex growth!!

[au24] 12/7/2017 09:06

Any chance of a divi here?