Breedon Share Discussion Threads

[philanderer] 04/12/2018 13:08

Market report..

Also boosting sterling on Tuesday was data which showed the construction sector expanded at the fastest pace in four months in November, thanks to an increase in new work and consequent gains in job creation.

The construction Purchasing Managers' Index climbed to 53.4 from 53.2 in October, beating economist forecasts for a score of 52.5. A reading above 50 suggests growth in the sector, whereas one below the mark indicates contraction.

The UK construction sector expanded for an eight month in a row and the latest reading was the highest since July. Job growth was the fastest since December 2015. However, business confidence was relatively subdued due to Brexit uncertainty.

[philanderer] 03/12/2018 16:20

More brexit/construction woes

[tini5] 30/11/2018 08:25

I found Breedon after the referendum result and it seemed a stonking buy. Can't believe we're back at these prices two years on.

[redartbmud] 30/11/2018 08:16

phil

Yes you are right. I have a feeling that Woodford indicated that he was ready to exit the stock altogether.

konkel
Agreed, the house builders, and construction, have been hit by the turmoil surrounding Brexit. That has added to the threat of interest rates rising, led by the USA. Everyone is talking about the bull market being in late cycle and therefore we should see a natural downturn.
This sector is always the leader downwards.

[konkel] 30/11/2018 05:13

I think it's highly unlikely that it's Woodford selling; his stake would be placed (as it was last time) not fed into the market. More likely this is simply Brexit fears and a pull back in line with other domestic construction related businesses.

[philanderer] 29/11/2018 23:56

red , I think they'd have to report if they went below 6%


A person must notify the issuer of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of financial instruments falling within DTR 5.3.1R (1) (or a combination of such holdings) if the percentage of those voting rights:

(1) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100%

[redartbmud] 29/11/2018 21:22

Yes they did a swap, but Woodford can sell more and only needs to report if he goes below 5%

[philanderer] 29/11/2018 19:57

I think he still has a stake..

14 September, 2018

LONDON (Alliance News) - Breedon Group PLC said Friday that Woodford Investment Management Ltd and Old Mutual Global Investors Ltd have made changes to their holdings in the company.

Woodford lowered its stake in the construction material company to 6.83% from 11.12% while Old Mutual now owns a 5.14% interest in Breedon.

[konkel] 29/11/2018 13:59

I thought Woodford sold his position to Old Mutual in September?

[redartbmud] 29/11/2018 11:42

True, but having a big overhang of shares doesn't help the cause.

[philanderer] 29/11/2018 11:35

BREE actually pretty well tracking the housebuilders shares for the last year.

[redartbmud] 29/11/2018 11:33

Woodrord selling?
Has he lost the plot over recent years?

[philanderer] 29/11/2018 11:14

100,000 @ 63.5p just dumped . A new 2018 low.

Chart support looks to be 60p then 55p.

[philanderer] 26/11/2018 16:15

1 million+ traded as we go down yet again.

[philanderer] 21/11/2018 14:45

DAVY VIEW

Breedon has delivered an in-line result in a difficult trading environment in the UK. This speaks to the strength of the group’s business model and management-driven initiatives to deliver value for shareholders. The Lagan deal and the strong market positions acquired further complement that approach. Our stock rating (‘Neutral’) reflects the external headwinds facing the group. Internal initiatives, however, clearly show a management team delivering in a difficult market environment.

[tradermel] 21/11/2018 14:40

I thought the trading update was pretty good, what did I miss (I did skim as I am not currently invested) but am surprised at the muted share price reaction Edit, just re-read and again why on earth the small fall even the forward looking part looked good IMO

[philanderer] 21/11/2018 14:37

Peel Hunt today reaffirms its add investment rating on Breedon Group [LON:BREE] and cut its price target to 84p (from 93p).

StockMarketWire.com

[philanderer] 21/11/2018 08:58

Most of my lot are dropping 5% -7% when reporting updates this year so this is a better result ;-)

[mirandaj] 21/11/2018 07:22

Excellent TS in the circumstances. Acquisition of Lagan was well timed.

Just for interest

14th November: 


Scroll down 

[philanderer] 19/11/2018 18:20

Trading update wednesday.

[swiss paul] 06/11/2018 10:14

hxxp://www.buildup.eu/en/node/56544:
We are glad to share with you video report about the ECO-Binder project which was created by Euronews and published in their Futuris series.



The video consists of manufacturing and installation process filmed in Nuova Tesi facilities.
What is the ECO-Binder project?

The ECO-Binder project is funded by the European Union under the H2020 research and innovation programme and it aims to implement industrial R&D activities related to developing Belite-Ye’elimite-Ferrite (BYF) based low-CO2 binders and demonstrating the possibility of replacing Ordinary Portland Cement (OPC) based concrete products with new ones based on the new Belite-Ye’elimite-Ferrite (BYF) technology. The new generation of concrete-based construction materials and prefabricated building envelope components are targeted to give a 30% lower carbon footprint, 20% better insulating performance and 15% lower cost than current solutions based on Portland cement.

[philanderer] 05/11/2018 17:28

'Lagan’s brick, tile, and bagged cement products rebranded as Breedon'

[philanderer] 02/11/2018 21:42

Looking up a little 👍🏼