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BREE Breedon Group Plc

372.00
-5.50 (-1.46%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Breedon Group Plc LSE:BREE London Ordinary Share GB00BM8NFJ84 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  -5.50 -1.46% 372.00 493,521 16:35:17
Bid Price Offer Price High Price Low Price Open Price
371.00 372.00 376.00 370.00 376.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
18:28:27 O 9,590 371.995 GBX

Breedon (BREE) Latest News

Breedon (BREE) Discussions and Chat

Breedon Forums and Chat

Date Time Title Posts
17/4/202401:18Breedon Holdings Limited (was Marwyn Materials)1,270

Add a New Thread

Breedon (BREE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:28:27372.009,59035,674.32O
17:13:04373.503591,340.87O
17:12:45371.004251,576.75O
17:11:12372.504341,616.65O
17:10:34371.278153,025.84O

Breedon (BREE) Top Chat Posts

Top Posts
Posted at 01/2/2024 12:55 by triskelion
How do you easily find out the proportion of issued share capital in general public hands i.e. non-institutional holders? The Major shareholders and Directors' dealings for BREE in SharePad make for odd reading.
Also PE interest as in SRP, risk of listing being terminated etc?

PS: any particular reason why it''s incorporated in Jersey CI?
Posted at 20/12/2023 09:27 by undervaluedassets
I am like the price action here. Creeping up without drama. Been cheap for years. I think the market is finally catching on.
Posted at 06/12/2023 16:00 by undervaluedassets
Weem,

I think the quote you are looking for is from Mr Lynch is:

‘insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.’
Posted at 06/12/2023 11:30 by weemonkey
Peter lynch said directors and insiders sell for many reasons, but they only buy for one reason.. They know something that means they think the share will go up
Posted at 22/11/2023 18:39 by swiss paul
Leaky share?
Posted at 09/10/2023 14:27 by babbler
Lots of holding RNSs today and a 200k share buy too which has yet to be TR1
Posted at 03/10/2023 10:09 by swiss paul
Investor site visit
Breedon Group plc, a leading vertically-integrated construction materials group in Great Britain and Ireland, is today hosting a site visit for investors and analysts at its Wickwar Quarry near Bristol.

Hosted by Rob Wood, CEO, and James Brotherton, CFO, the day will provide a better understanding of the vertically-integrated business model, including presentations from colleagues across our Great Britain business, and a site tour.

The presentation will be available under the investor relations section of the Breedon website:Investors - Breedon (breedongroup.com).

No new material trading information will be disclosed.

Ha Ha and on tha t annoucnement the old sleepy share went up - Quelle surprise.

Anyway it brings me closer to my get out price - Marshalls - far better company - that is where my money is heading
Posted at 26/7/2023 20:57 by swiss paul
Interim results 2023



Strong first half; full year expectations maintained

Strategic execution and operational focus deliver robust performance



Breedon Group plc (Breedon or the Group), a leading vertically-integrated construction materials group in Great Britain and Ireland, announces unaudited interim results for the six months ended 30 June 2023.



Statutory highlights



Underlying1highlights

£m

except where stated

H1 2023

H1 2022

% change



H1 2023

H1 2022

% change

% LFL2

Revenue

742.7

671.1

11%



742.7

671.1

11%

7%

EBIT

62.1

65.5

(5)%



70.5

66.9

5%

4%

EBIT margin

8.4%

9.8%

(140)bps



9.5%

10.0%

(50)bps



Profit Before Tax

56.5

59.5

(5)%



64.9

60.9

7%



Basic EPS3,4

13.0p

14.5p

(10)%



15.3p

15.0

2%



Dividend per share4









4.0p

3.5p

14%



Net Debt5









220.4

256.7

(14)%



Covenant Leverage6









0.7x

1.0x

(0.3)x



ROIC7









10.0%

10.0%

-





FINANCIAL HIGHLIGHTS



Operational focus and agile delivery generated a strong first half financial performance

· Resilient end-markets continued to be supported by long-term structural growth drivers

· Dynamic pricing tailwind more than offsets expected lower volumes, leading to revenue increase of 11% or 7% on a like-for-like basis

· Underlying EBIT growth of 5% reflects revenue drop through, partially offset by higher energy costs as hedges moved back into line with market pricing

Financial flexibility maintained while investing for growth

· ROIC maintained at 10%

· Investment in three strategic bolt-on acquisitions

· Significantly lower Covenant Leverage at 0.7x due to lower seasonal working capital outflow, good control of inventories and strong cash collection

Interim dividend increased significantly ahead of earnings by 14% to 4.0p

· Reflecting our confidence in the prospects of the Group and in keeping with our progressive dividend policy



OPERATING HIGHLIGHTS



Emphasis on operational excellence and cost recovery

· Self-help; all divisions initiated operational excellence reviews, Cement executed two scheduled kiln maintenance shutdowns on time and within budget

· GB revenue increased 10%; completed two bolt-on transactions and delivered a solid first half through nimble execution, strong pricing tailwind and careful cost management

· Ireland grew revenue 11%; traded well through tendering season, winning work on quality, and completed the acquisition of Robinson Quarry Masters

· Cement increased revenue 18%; strong pricing was sustained, enabled by resilient end-market demand

Significant sustainability milestones achieved

· Key partner in the launch of the Peak Cluster initiative, an innovative carbon capture and storage collaboration aiming to reduce industry emissions significantly

· 'Breedon Balance', our range of products with sustainable attributes, continued to gain traction, accounting for 30% of revenue

· Further improvement in our rate of Cement alternative fuel substitution to 50% (2022: 48.5%)



ADMITTED TO THE MAIN MARKET OF THE LONDON STOCK EXCHANGE



Breedon shares now traded on the Main Market

· We expect to be eligible for inclusion in the FTSE 250 and FTSE-All share indices at the next index review in September 2023



CURRENT TRADING AND OUTLOOK

Well-positioned for the second half; full year expectations maintained

· The end-markets we serve have remained resilient. End-market visibility beyond 2023 remains limited in light of the uncertain economic outlook

· In response, we have increased our emphasis across the Group on operational excellence and agility to ensure Breedon is as competitive as it has ever been

· Well-positioned for the second half of the year; the Group is trading in line with the Board's expectations which remain unchanged

Rob Wood, Chief Executive Officer, commented:

"In the first half our vertically-integrated and local operating model has again come to the fore, leveraging our long-term customer relationships and deep market knowledge. Our first class team has operated with great agility to deliver a strong start to 2023 for which I thank them sincerely and we are well-positioned for the second half of the year.

"The long-term structural dynamics driving infrastructure spending and housebuilding in GB and Ireland have not changed. To ensure we can efficiently and sustainably meet long-term demand for our essential construction materials, we have re-doubled our focus on those factors under our control; keeping our people safe and well while minimising the cost of production and maximising the value of the extensive portfolio of assets we own and acquire.

"By emphasising the operational factors we can influence, we will ensure we remain competitive and continue to deliver outstanding results. By challenging our procedures and practices, we can be sure we will be in the strongest possible position when our end-markets return to growth."
Posted at 04/7/2022 20:32 by tole
https://www.fool.co.uk/2022/07/04/heres-why-this-aim-listed-stock-could-be-one-of-the-best-shares-to-buy/Here's why this AIM-listed stock could be one of the best shares to buy!This Fool is looking for the best shares to buy. Despite macroeconomic issues, this stock could be a great long-term buy for his holdings.Jabran Khan?Published 4 July, 4:39 pm BSTBREEFinding the best shares to buy now is not an easy task. I look for businesses that provide products and services to burgeoning markets that could give stable and consistent investor returns. One stock that could fall into that category is Breedon (LSE:BREE). Should I add the shares to my holdings?Construction materials and infrastructureAs a quick reminder, Breedon is a construction materials business with operations in the UK and Ireland. Some of the materials it produces include cement, aggregates, concrete, and asphalt, as well as other specialist construction products. Furthermore, it also offers contracting services for large infrastructure projects such as building roads.So what's happening with Breedon shares currently? Well, as I write, they're trading for 59p, as a penny stock. At this time last year, the stock was trading for 110p, which is a 46% drop over a 12-month period.Many shares have fallen in recent months due to macroeconomic headwinds as well as the tragic events in Ukraine.The best shares to buy have risks tooThe biggest threat to Breedon's investment viability, especially in the shorter term, is that of macroeconomic factors. Soaring inflation, the rising cost of raw materials as well the supply chain crisis will have an impact on operations, as well as profitability. This could affect its balance sheet and growth plans as well as shareholder returns.Competition in the construction industry is intense. There are many players all vying for the same customers and contracts to boost their coffers and grow. Breedon could be out-muscled and outmanoeuvred by competitors with more financial power and presence.The bull caseThe construction market is a growing one. In fact, it wasn't majorly disrupted when the pandemic struck. Governments allowed construction businesses to continue as best they could, unlike many others, and continue building where it was safe to do so. As well as this, demand for housing is currently outstripping supply. A lot goes into building homes and lots of different types of aggregates that Breedon supplies are required. In the longer term, Breedon could see this surge in construction spending turn into performance growth and investor returns.At current levels, Breedon shares look decent value for money on a price-to-earnings ratio of just 12. Furthermore, the shares would boost my passive income through dividend payments. The shares currently yield 2.8%. Most of my best shares to buy boost my passive income stream. It is worth remembering, however, that dividends can be cancelled at the discretion of the business at any time.Breedon already has a good track record of performance, even in the pandemic period. It has recorded consistent revenue and profit in the past four years. I do understand that past performance is not a guarantee of the future.Overall, I think Breedon could be a shrewd addition to my holdings, especially as the shares have fallen back in recent months. Large scale construction spending on infrastructure by the government as well as initiatives to boost the number of homes should benefit a business like Breedon. I would add the shares to my holdings and expect to see consistent and stable returns.
Posted at 29/4/2022 06:38 by tole
https://citywire.com/funds-insider/news/expert-view-croda-unilever-sainsbury-s-nichols-and-breedon/Peel Hunt: Breedon is good valueConstruction materials group Breedon (BREE) has had a 'robust' start to the year and the fall in the share price has made it good value, according to Peel Hunt.Analyst Clyde Lewis retained his 'buy' recommendation and target price of 123p on the stock, which firmed 0.5% to Thursday at 80.4p. 'Breedon has had a decent start to the year, albeit the first quarter is traditionally the quietest of the year,' he said, adding that sales were up 16%.'Recent orders and enquiries are holding up well, although there is an expectation that local authority spending will come under some pressure later this year.'Lewis is, however, expecting limited change on forecasts. That means the shares are trading on '13x price-to-earnings for full-year 2022 following the 16% drop in the share price this year, which we believe offers good value'.
Breedon share price data is direct from the London Stock Exchange

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