Breedon Share Discussion Threads

[philanderer] 17/4/2018 20:46

Breedon : Quarry firm Welsh Slate sold as part of multi-million pound deal

[philanderer] 17/4/2018 12:06

17th april Peel Hunt add tp 92p

[philanderer] 17/4/2018 11:20

RNS:

'Results of Placing to raise approximately £170 million'

Further to the earlier announcement in relation to the Placing, Breedon announces that the Clawback Placing is closed and a total of 222,222,222 new shares have been placed with existing institutional and other investors raising gross proceeds of £170.0m before expenses.

[redartbmud] 17/4/2018 09:35

Interesting deal.
Clawback in placing to allow existing shareholders to participate.
Wonder how that will pan out?
Hmmm....

[philanderer] 17/4/2018 09:25

Chart looking a little better now.

[my retirement fund] 04/4/2018 20:17

Its all a con anyway. When its the pipers turn to be paid equity holders will be butt ..cked to the moon and back and left with jack sh.t !!!

[swiss paul] 04/4/2018 19:46

No comment on the new addition? Rns did not say anything about price paid or whether earnings enhancing

[philanderer] 03/4/2018 08:52

Market couldn't give an @rse about todays news

Acquisition of Staffs Concrete

[reddave9999] 14/3/2018 10:16

6m trade just gone through

[philanderer] 09/3/2018 14:50

Yes, profit taking today for sure red. And those construction numbers earlier today hasn't helped.

[redartbmud] 09/3/2018 11:33

phil
Thanks for the update.
I chickened out at .805001. Sold 4771 and kept 229 at zero cost. I have my 'dividend' but it isn't all that I had hoped for. I was looking more of a return at 81.5p or 82p. My core holding remains intact.
There have been a few large sellers c80p

[philanderer] 09/3/2018 00:26

A nice rise with good volume thursday .. 3 million+ shares traded


Building materials giant Breedon said yesterday it did not expect any adverse impact from its involvement in the Aberdeen city bypass road despite the collapse of one of the consortium partners behind the project.

[redartbmud] 07/3/2018 21:10

phil

We are chasing each other around at present!
If it doesn't show the requisite upward price movement, in the short term, then I will certainly be holding on tight to my 'trading' stock alongside my core holding. In addition to the anticipated continuing capital growth, I want to create my own dividend.

[philanderer] 07/3/2018 20:49

Numis today upgrades its investment rating on Breedon Aggregates (LON:BREE) to buy (from add) and left its price target at 96p.

[redartbmud] 07/3/2018 20:35

. wrong board.

sorry

[compnews1] 07/3/2018 15:00

Just to add 31% reduction in DEBT which is very important as not many companies can reduce debt these days . In fact lots of companies increase debt for acquisitions. I I have been selling my positions with other companies but will hold on BREENDON.

[reddave9999] 07/3/2018 12:31

Great results, I just need to be patient because I am 12.5% down on these, hey ho!!

[konkel] 07/3/2018 10:32

Breedon (Add, TP 92p) - Finals - ahead of expectations, more of the same for 2018
Full year results were c3% better than expected with reported PBT up 52% on the back of a 43% rise in turnover. Reported EPS was 4.14p vs our estimate of 3.98p. No dividend has been declared as expected. Net debt was lower than expected at c. £110m (vs £169m in 2016 and our estimate of £132m). Divisionally, the cement business performed a bit better than expected while central costs were lower than forecast. Outlook comments point to strong residential and infrastructure markets which are core for the group although softer new commercial/industrial will hold growth back. As ever the group is working on more bolt-ons which may come through in 2018. Overall we see modest upgrades to forecasts. The shares have slipped 11% ytd on the back of some market and sector weakness. On current forecasts the shares are trading on a PE of c. 17x for CY18 with an EV/EBITDA of just under 10x. Given these robust figures we expect the shares to rally back into the mid 80's today.

[redartbmud] 07/3/2018 10:17

gerrym

I thought it would, but the sector in general is downbeat at present.
It is easily worth 80p any day of the week.
There are a few sellers around again and that doesn't help.

[gerrym two] 07/3/2018 10:12

Great results but Bree is a slow mover.....should get to mid eighties quickly on these results ???

[werewolfie] 07/3/2018 10:02

I bought Breedon shares 6 months ago. Today's results seem very impressive - anyone else agree/ disagree?