Breedon Share Discussion Threads

[au24] 13/1/2018 00:37

Chart not looking good is it.

[philanderer] 09/1/2018 17:49

Just drifting down on little volume . Under 500k traded today.

[philanderer] 03/1/2018 17:37

Quarry firm’s letter ‘misleads’ Clearwell residents over expansion plans

[swiss paul] 13/12/2017 19:23

BREEDON GROUP PLC ("Breedon" or "the Group")

Acquisition of assets from Tarmac Holdings Limited ("Tarmac")

Breedon, the UK's largest independent construction materials group, has agreed to acquire from Tarmac - a CRH company - four quarries and an asphalt plant for a total consideration of £16.5 million, to be satisfied by the transfer to Tarmac of 27 of Breedon's ready-mixed concrete plants and a payment of £4.9 million in cash.

The deal is conditional on approval by the Competition & Markets Authority (CMA).
The operations to be acquired by Breedon comprise quarries in Scotland, Cumbria and North Wales, together with a quarry and asphalt plant in West Wales. The ready-mixed concrete plants to be divested by Breedon are in multiple locations extending from Dumfries in Scotland to Exeter in Devon.
The deal is in line with Breedon's strategy of expanding its aggregates portfolio, in this case adding approximately 25 million tonnes to the Group's mineral reserves and resources, and furthering the development of its asphalt capacity. It also streamlines Breedon's readymix network. The transaction is not expected to have a material impact on the Group's earnings.
Pat Ward, Breedon's Group Chief Executive, commented: "This deal brings significant benefits: it adds to our reserve base; it is margin-enhancing; it releases value from peripheral readymix plants; and it will enable us to replace third-party aggregates providers with our own sources of supply.

"It is also a great example of how we can work with our larger peers - in this case CRH, one of the world's most successful global building materials companies - to benefit customers and other stakeholders on both sides."
The transaction is expected to close in the first half of 2018, subject to approval by the CMA.

[philanderer] 13/12/2017 12:32

13th dec Numis add tp 96p

reiterates

[philanderer] 11/12/2017 15:44

Just a few sellers but hardly any buyers :-S

[philanderer] 06/12/2017 09:11

Downgrade:

6th dec Peel Hunt 'add' from 'buy' tp 92p up from 90p

[philanderer] 27/11/2017 18:34

And just because it's been a good day :-)

SM Truck Photography‏
@SmTruckPhotos

[philanderer] 27/11/2017 15:35

Barclays intiating coverage today with 'overweight' tp 93p

[philanderer] 22/11/2017 09:06

Peel Hunt 'buy' tp 90p
ShoreCap 'buy'

reiterations

[alter ego] 21/11/2017 11:02

just noticed HL have BREE listed for trading update tomorrow, not 23rd as posted here earlier

[mirandaj] 04/11/2017 05:02

11/22/17 Q3 2017 Sales and Revenue Release - Trading Update


22nd is highlighted:

[alan@bj] 03/11/2017 17:17

Thanks reddave, I'd missed that.

[reddave9999] 03/11/2017 16:47

I think it trading update is 23 November

[alan@bj] 03/11/2017 13:47

There was a trading update on November 30th last year.

[mirandaj] 03/11/2017 12:26

Thank you for that philanderer. Much movement with Breedon lorries and cement trucks in my area.

[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."