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BRCK Brickability Group Plc

63.40
-0.60 (-0.94%)
03 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Brickability Group Plc BRCK London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.60 -0.94% 63.40 16:35:23
Open Price Low Price High Price Close Price Previous Close
64.00 62.80 64.00 63.40 64.00
more quote information »
Industry Sector
CONSTRUCTION & MATERIALS

Brickability BRCK Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
26/11/2024InterimGBP0.011223/01/202524/01/202520/02/2025
16/07/2024FinalGBP0.022829/08/202430/08/202426/09/2024
28/11/2023InterimGBP0.010725/01/202426/01/202422/02/2024
17/07/2023FinalGBP0.021524/08/202325/08/202321/09/2023
28/11/2022InterimGBP0.010126/01/202327/01/202323/02/2023
21/07/2022FinalGBP0.020425/08/202226/08/202222/09/2022
01/12/2021InterimGBP0.009627/01/202228/01/202224/02/2022
05/08/2021FinalGBP0.0108526/08/202127/08/202123/09/2021
12/11/2020InterimGBP0.00867828/01/202129/01/202125/02/2021
16/09/2020FinalGBP0.0108524/09/202025/09/202023/10/2020

Top Dividend Posts

Top Posts
Posted at 26/11/2024 08:06 by brickdontblink
Old trick so clowns get spooked. Low volume yesterday so easy to do. Look at the bid and ask, not the last price of the day.Side note - the actual earnings update - more tick over stuff. Paying down acquisitions so low EPS. Optimistic picture painted but not seen in earnings yet. https://www.londonstockexchange.com/news-article/BRCK/interim-results-for-six-months-ended-30-sept-2024/16781177
Posted at 16/7/2024 07:58 by cordwainer
... Similar DtE ratio at Ibstock and Marshalls(around 30%)
higher at Forterra (52%)
lower at Travis Perkins (22%), zero at Michelmersh.
BRCK and Michelmersh have much lower PE because of being AIM stocks.
Posted at 16/7/2024 07:02 by cordwainer
Increase in dividend goes ahead regardless - there appears to be enough cash to ride out at least another couple of years of the 'current challenges' and I'm following the consensus of gradually improving conditions ahead anyway.
As an aside, I might also have shares in the unnamed insurance company which the DB pension has been transferred to (LGEN or AV.?)
Actually my main worry is I think they should take a raincheck on acquisitions.
Posted at 28/2/2024 14:40 by alter ego
jailbird, Your list includes brick makers like Fort and MBH but they are not the same animal since MBH primarily make high specification bricks whereas Fort not only make bricks but blocks, precast, roofing products and paving too. BRCK has an even wider range of products but does not manufacture any bricks. I own MBH and BRCK along with BREE and SRC for exposure to construction and industrial uses of stone and lime.

I doubt one could reasonably sum up the sector to apply evenly to each of these companies.

I think you can DYOR by reading the investor relations pages for each company and work out which will benefit or suffer most form whatever scenario you think will occur.
Posted at 28/2/2024 13:35 by alter ego
binghall, couldn't agree more. BRCK is not just bricks and has found ways to exploit other angles of building trade supply. Might be depressed for a while but once the current constraints begin to lose their power we should see good longer term performance.
Posted at 17/1/2024 12:46 by alter ego
Think it's a read across from Ibstock (IBST) who reported lower revenues for 2023 today. Also inflation numbers may constrain house purchases due to interest rates, with knock on to suppliers of building materials. I hold BRCK and would add if I had some free cash in my ISA.
Posted at 19/7/2023 22:12 by alter ego
Essential investor, I don’t think so. Both Ibstock and Fortera make bricks. Brck doesn't, it distributes them from those makers. To me that says they are more dependent on Brck to shift their product.
The acquisitions you refer to have diversified Brcks market into just about everything required to build houses, offices or any commercial structure. Yes acquisitions create risk but the company is canny and says it seeks a minimum return of 20% on an acquisition. It has moved from having 80% of its revenue from bricks to less than 50% since Ipo.
If anyone in the building trade is going to weather the current storm I think BRCK are better placed but we all have to make up our own minds.
Posted at 18/7/2023 06:34 by tole
https://www.investorschronicle.co.uk/news/2023/07/17/brickability-demonstrates-agility/Brickability demonstrates agilityBoard sticks to guidance targets despite market softnessBrickability demonstrates agilityJuly 17, 2023By Michael FahyCompany less reliant on housing, says chairmanShares are valued at a 50 per cent discount to peersWhen compared with peers, Brickability (BRCK) looks like an island of calm in an ocean of tumult.BRCK:LSEBrickability Group PLC1mthToday change2.36% Price (GBP)56.50As peers have warned about weakening earnings given the housing market slowdown, the building products group posted a solid set of results and remained upbeat about its prospects of hitting expectations in its current year, for which house broker Cenkos Securities is forecasting only a slight (1.8 per cent) decline in adjusted pre-tax profit to £39.6mn.In theory, Brickability should have been more vulnerable to a downturn than brickmakers such as Forterra (FORT) and Ibstock (IBST), given that it imports bricks and therefore incurs additional transportation costs. Forterra said last week that while demand for bricks had slumped by around 31 per cent in the first five months of the year, imports had fallen at a faster rate.Yet Brickability chair John Richards argued that brick imports, which made up 20 per cent of the market last year, have some defensive qualities. Most bricks made in UK factories are wire cut but planners in many parts of the south of England insist on the use of bricks moulded from soft mud to blend with the vernacular. These make up around 90 per cent of imports."Unless planners suddenly have a change of heart... that would still give [imports] a good foundation," Richards said.Moreover, despite its name, Brickability has been diversifying via acquisitions since its August 2019 IPO, with the Taylor Maxwell timber and facades business bought two years ago being the biggest. Although it proved to be a slight drag on margins as timber prices fell, these deals have reduced the company's reliance on the housing market. Brickability derived 80 per cent of its revenue from housing at the time of its float, but this has since fallen to 50 per cent, Richards said.Higher mortgage rates have weighed on prices across the sector and Brickability's shares now sit close to a two-year low, some 15 per cent below their listing price. Cenkos argued in a note that they "remain fundamentally undervalued", given a forward price/earnings ratio of 5.5 and an anticipated dividend yield of 6.2 per cent. The shares also trade at a 50 per cent discount to peers, according to FactSet.This looks like great value to those who believe in the long-term prospects of the UK's housing market, but in the short term the risk is demand will remain subdued and earnings potential under pressure. Hold.Last IC View: Hold, 70p, 28 Nov 2022
Posted at 17/7/2023 12:08 by km18
Brickability Group plc posted Final Results for FY23 ended 31st March 2023 this morning. Revenue increased by 30.9% to £681.1m, adjusted PBT increased by 28.5% to £44.6m and adjusted EPS increased by 18.6% to 11.93p. Trading in F24 so far has remained in line with expectations, the balance sheet also remains strong with net debt at £8m. Valuation is very attractive with forward PE ratio at 5.3x and dividend yield at 6.7% both comfortably top quartile for the sector. Share price remains in a near 2-year correction and lacks positive momentum, there is no near term rush to buy, particularly with housing directly in the firing line of higher UK interest rates. However, the longer run outlook for the sector and BRCK looks upbeat. This is certainly a stock worth monitoring for the longer run, but it remains in a correction for now...

...from WealthOracle
Posted at 17/7/2023 08:13 by davebowler
Cenkos-
Brickability reported FY23 results slightly ahead of recently upgraded forecasts and encouragingly, we are leaving FY24E forecasts largely unchanged. At the headline level, LFL revenue increased by 4% to £681.1m, with EBITDA up 30.4% to £51.5m. Given the market backdrop, this is an impressive result and underlines the benefits of its strategy to diversify its revenues. We believe near-term sentiment will remain a challenge, but the current valuation looks increasingly anomalous. The share price is sitting on a two-year low, 20% below its IPO listing price and now trades on a FY24E PE of just 6x and EV/EBITDA of 4x. This is despite continued delivery/outperformance against expectations. BUY.  Headlines: These are a strong set of results with revenue up 30.9% to £681.1m (inc LFL growth ex timber of 15.4%) and EBITDA up 30.4% to £51.5m (EBITDA margin: 7.6%). Net debt came in at £8.0m, in-line with recently revised expectations and reflecting the step-up in EBITDA, reduced working capital outflow and lower than expected capex. A final dividend proposed of 2.15p, gives a total dividend for the year of 3.16p, an increase of 5.3%. It is also encouraging to note the benefits of recent acquisitions, which have added scale and enhanced its client base.  Forecasts and outlook: We make minor changes to our FY24 estimates, with revenue and EBITDA unchanged. EPS falls back slightly (-3.1%) to 9.9p, reflecting a slightly higher tax charge. We take the opportunity to introduce FY25E forecasts, where we have assumed a nominal improvement in underlying trading. At the headline level, we assume YoY revenue, EBITDA and EPS growth of 3%, 6% and 6% respectively. These forecasts are based on no further deterioration in its core markets and also do not factor in any additional upside from acquisitions. We would note that trading in FY24E remains in-line with the Board’s expectations.  View: In our view, the stock remains fundamentally undervalued. When FY23 EBITDA forecasts were introduced in 2021, we were looking for EBITDA of £22m and EPS of 7p. Today, the group has delivered EBITDA of £51.5m (+134%) and EPS of 11.9p (+70%), the de-rating therefore looks overdone. The long-term fundamentals of the UK housing market look to be well underpinned and the need for Brickability’s service offering remains unchanged. As the market returns to examining underlying valuations, Brickability should firmly be on the radar in terms of a re-rating. BUY.

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