Share Name Share Symbol Market Type Share ISIN Share Description
Brickability Group Plc LSE:BRCK London Ordinary Share GB00BK63S759 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.20 3.33% 68.20 67.40 69.00 69.50 66.50 66.50 237,631 14:28:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 520.2 18.4 4.4 15.5 204

Brickability Share Discussion Threads

Showing 226 to 250 of 250 messages
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Bought a few today.

Can see these joining the rest of the sector.. in a little bounce.
Very happy to see the COO spending £200k in December.

Sharelock has BRCK earning PBT of £38m in 23y.
EDIT: 'Incredibly' Cheap with market cap around £200m IMO.

All kinds of bullish moves out there. Barely done anything and pretty much all buy and holds have gone up. A very stark contrast of late compared to last year.

BRCK is well out of kilter with the wider market and sector as the price continually makes new lows. Markets are no longer fearing the worst and re-pricing shares from overly bearish positions with much more bullish moves based on individual fundamentals.

Clearly there are profit warning's too so each company has to be taken on its own merits - still very easy to get caught out. When looking at BRCK and how far the price has fallen, it might be that BRCK has been oversold.

This sector is seeing bullish momentum from the lows too. The house builders are continuing the positive momentum of late too. BRCK is lagging but someone has come in and picked up a notable 4m at 59p so it might be worth keeping an eye on to see if someone is trying to clear the sellers here to form a bottom and eventually a move similar to others.

Clearly it will depend on trading, but the doom and gloom hasn't happened and isn't forecast, so it could be a case of much more resilient trading. Now even if that means unspectacular growth, it could still be enough to warrant a bullish turn from oversold and overly bearish territory.

We will have to see how the year goes of course - it is hardly a one way street. The interesting thing is that someone isn't waiting and has bought a big chunk today and there is some decent demand for shares at these price points.

The chart is horrible though and it really needs to break 65p, but some possible tentative first bullish signs here with a big buyer coming in. Liquidity is playing a part here too. Fund managers have still been trying to sell out of less liquid shares which could present an opportunity in some.

So you could end up with a shorter term technical bounce too if enough sellers have been mopped up at these levels. Should there be a whopping big clear out, then clearly you could end up with a monstrous spike higher, but one step at a time.

Other interesting activity out there in positions I am in:

SRC - Some nice mopping up going on there with a stable chart but it is trying to stick its head above 60p for some possible follow through momentum and a breakout of the range.

MER - A couple of holders selling down but the market is gradually eating through the stale bulls and a tidy 1.45m picked up today. Some big buy orders on the book at 207p right now as well.

So a few things worthy of keeping an eye on.

All imo

Been falling like a brick through an upstairs window so far this year (you decide which storey). Situation a bit obfuscated by acquisition and precarious customers maybe, but regardless of whether using adjusted or non-adjusted eps, valuation is getting tempting. Trouble is, I'd have to sell something else to add here.
Thanks BertieDbD
death by donut
Cenkos adjusted diluted EPS 10.0 (23), 10.0 (24) . Non adj EPS 5.1 / 5.7.
^ I expect Sharepad is much more comprehensive than Simply Wall St data. If that's the averages from 28 Nov it would be a relief.
Sharepad has 23 24 2510.3p , 10.3p , 11.5p
death by donut
My current notes on this holding:
'UK building products supplier, serving housebuilders, developers, general builders, contractors and retail. Revenues have more than tripled since end of March 2021 but margins down by more than 40%. Has been growing through acquisitions. Current EPS forecasts 5.1p (FY22) and 5.7p (FY23) according to the one analyst picked up by Simply Wall St.'

There was an ahead-of-expectations trading update by this time last year so can probably assume that is not the case this year. Next trading update likely mid April after 31 Mar 23 year end. Any improvements more likely to be towards end of or beyond the FY given the economic turmoil.

Now holds 6.8% of the stock. Decent amount of skin in the game.
alter ego
And according to another RNS he's bought another 100,000 and at the current share price Bodes very well.
Indeed, a not insignificant purchase...or holding
agreed. not an insignificant purchase.
alter ego
Gives me some confidence to see the COO buying 200,000 shares
Better by what measure?
Damp squid - that's a new one, although guess it kind of makes sense as they spend most of their time in the sea.
Damp squidMichelmarsh far far better
rather too much reference to ebitda and ebitda targets for my liking.
Great set of results and BOD confident about hitting targets into 2023 year end. Well done to BOD and its strategy. All ideas paying off with a diverse portfolio of products and services.
Both Brick producers MBH & FORT saying business is robust, while now expecting to exceed forecasts. Must be a big positive for us.
Interim results for the six months ended 30 September 2022 due on Monday 28 November 2022.
16:49 (LON:BRCK) – with bad news now discounted it presents an 'excellent buying opportunity'The UK's leading brick factor declared a Trading Update for its first half-year to end September on Wednesday morning.It is expecting a 58% increase in sales for H1 to £353m and an interim EBITDA of £25m (£18m).CEO Alan Simpson stated that:"The strong first half performance is testament tothe Group's diversity, strength and ability to meet changing demands, manage pressures and seize opportunities. We have an experienced management team, a diverse business model and a strong balance sheet; however, we remain vigilant of market pressures."Analyst Andrew Gibb at Cenkos Securities rates the group's shares as a Buy.He reckons that a lot of bad news has already been discounted in the group's share price. He notes that the underlying growth and the benefit of recent acquisitions as it proceeds in its H2.Gibb believes that the group, whose shares have fallen some 30% on the year to date, should reflect its strong position within its sector and the fact that all four divisions within the group are growing with good order books.He is looking for the current year to end March 2023 to lift revenues to £612.6m (£520.2m) while adjusted pre-tax profits could improve to £39.5m (£34.7m), raising earnings to 10.6p (10.1p) and covering a 3.2p (3.0p) dividend per share.Gibb clearly states that current levels represent an excellent buying opportunity.The shares closed last night at 74p on just 7 times current year earnings, which is far too low for such growth.
Good trading update and confident of hitting expected targets for year ended 31/3/2023.
Interesting acquisition ! Still watching here.

Acquisition of ET Clay Products

Brickability Group is pleased to announce that it has acquired ET Clay Products for a consideration of £11.6 million through the acquisition of 100% of the share capital of E.T. Clay Products Limited and Heritage Clay Tiles Limited (together "ET Clay Products"). Established over 25 years ago, ET Clay Products is a specialist supplier of UK and imported clay facing bricks and high quality handmade and handcrafted clay roof tiles. Operating out of three yards, the businesses will bring new customers to the Group, particularly in the merchants channel. In the year to 30 July 2022, ET Clay Products generated unaudited revenues of £44.3m and adjusted EBITDA of c£3.0m.

The consideration is being satisfied by an initial cash payment of £8.1m and deferred consideration of £3.5m payable in cash over the next three years (the "Performance Period"), subject to adjustments to deferred consideration payments for performance against target performance criteria during the Performance Period. The consideration is being satisfied in cash and funded from the Group's existing cash resources and is expected to be immediately earnings accretive post completion.

Alan Simpson, CEO, Brickability Group plc, said:"The acquisition of ET Clay Products provides another important step in the growth of our Import Division by further expanding the supply base of the Group through new access to a range of overseas manufacturers."

AGM Statement:-

"When we issued our preliminary results for the 2022 financial year on 21 July 2022, it was noted that trading for the first quarter of the 2023 financial year had been very encouraging and that the Group was, at the time, tracking slightly ahead of the markets expectations. I am pleased to report that trading has since continued strongly through the summer months and that the Group is in line to meet these updated market expectations for the full year ending 31 March 2023 ('FY23')*

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