Brickability Share Discussion Threads

[rmillaree] 27/11/2024 10:17

I am still on the sidelines here - to be fair to the company they seem to be doing acceptable. I did briefly buy in but price spiked nearly 20% quickly and they the had the second larger acquisition turn up so i took my quick buck and sold up.

To me the main risk here is in the fisrt 24 months of bedding in the 2 large acquisitions - in that regard they are probably half way there. I suspect if there are any real nasties to come out (that could be as basic as contracts running out - or heightened competition removing tne ability to make "easy money".) to me that would likely to show up within 2 yearsthe profits margins shown by the acquired entities looked kinda too high to me to be sustained long term


Would i buy back in right now at the curent price - probably yes if i had spare funds and i wasnt decently exposed to this sector already (i already have ntbr/nxr and epwin and henry boot).

Net debt didnt come down much in the 6 month period - hopefully at some stage the headwinds (increased working capital and deferred consideration) will turn to tailwinds. I like to se that companies like this can reduce debt quickly - that satisfies me that they are on then ball ref cash. Whilst one accepts that working capital requirements can go up i would say their numbers are slightly on an "elevated risk level". eg receivables of 120 mill seems high when 6 months sales are 330 mill. net profit was only £4.2 mill too. Nothing here that would put me off but its not company i would currently pay premium price for !

[brickdontblink] 26/11/2024 08:06

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

[barnesian] 25/11/2024 21:05

Yes very strange. After hours. A leak? But why would a market trader pick up the trade?

[jeanesy] 25/11/2024 20:58

Some strange trades well below the bid

[spooky] 22/10/2024 08:23

You either believe in a cyclical sector recovery or you don't.

[brickdontblink] 22/10/2024 08:08

Let's not go crazy - this is a 'no change' report with a bit of fluff around solar panel sales that don't offset what has been a significant reduction in revenue over the past few years.These things take time and the sector will continue to under perform for a while yet.

[spooky] 22/10/2024 07:48

Looks like it to me. Get the budget out of the way and then we are off to the races in the sector IMO.

[eca04bpm1] 22/10/2024 07:10

Green shoots of recovery?

[jailbird] 13/9/2024 15:03

Another great call MRSI

Just using basic technical chart indicators , you are good at this penny trading game!

[rmillaree] 13/9/2024 09:48

not alot - it probably makes sense them not messing around with stuff that isnt generating good return and taking up management time. I have no details on history of that unit and as to why its not working out. I always think anything overseas is much higher risk/harder work - so perhaps sensibly ?throwing in the overseas towel. do they have other overseas interests.

One issue can be with companies that constantly go on the acquisition trail are they taking too many risks. With each of the £50 mill acquisitions they have made they really need to know that they at least payback the costs of buying the business. Figures will always look good at the stage of purchase - the question is whay is the seller happy to sell if future propspects are great. Good news is that at least evertything seems to be working out ref those 2 acquisitions - ensuring their is no nasties fisrt 3 years is vital so debt can be reduced down to more sensible ongoing levels.

[jeanesy] 13/9/2024 09:05

comments on recent AGM statement and in particular about german tiling unit ?

[jeanesy] 29/8/2024 12:08

sub 70p to buy again here

[master rsi] 13/8/2024 23:02

Slowly getting into shape

[master rsi] 13/8/2024 11:15

72.50p +3p

Buyers are now taking the stock as a good investment for the future 348K volume

[master rsi] 13/8/2024 09:28

71p +1.50p

Finally, the pause is broken, AND UP SHE GOES

[master rsi] 13/8/2024 08:16

Is today the day to start moving higher?

There is plenty of interest this morning and the prices paid are much higher than usual, the last one paying full offer 70p

[master rsi] 09/8/2024 14:26

After the last 2 days of high volume, an RNS will appear with some up and some down holdings next week.

[master rsi] 09/8/2024 14:00

Large volume today 2.15M and with that the Bid goes to 69.20p this afternoon

[master rsi] 09/8/2024 08:10

Another one in the construction business being bullish about the future .....

BWY Bellway 2,714.00 (+56.00 / 2.11%%) - Bellway sees brighter UK housing market after revenue beat

[master rsi] 08/8/2024 09:26

And yet another from RICS a few minutes ago .....

UK housing market picks up as mortgage rate fall, RICS survey shows
(Sharecast News) - The UK house sales market turned a "bit sunnier" last month, according to the latest UK Residential Survey by the Royal Institution of Chartered Surveyors (RICS), with near-term sales expectations now at their strongest in four and a half years.

The monthly RICS survey found that falling mortgage rates during July improved positivity in the sector, with net new buyer enquiries picking up 2%, after a 6% drop in June. This was the first time in four months that buyer numbers have grown.

Sales trends also improved with the decline in the number of agreed sales falling by a net 2%, following falls of 6% and 13% in June and May respectively.

Looking ahead, a net 30% of respondents to the RICS survey predict rising sales over the next three months - the strongest reading since January 2020. Meanwhile, the longer-term outlook was also optimistic, with a net 45% expecting sales increases in 12 months, up from 40% in June.

On the downside, house prices were still falling across the country, with all region in England showing negative sentiment towards prices in the near term.

"The new government's focus on boosting housing development alongside the recent quarter point base rate cut does appear to have shifted the mood music in the sales market, with projections for both near and medium activity picking up," said Simon Rubinsohn, chief economist at RICS.

"Inevitably, significant challenges lie ahead in delivering on the ambitions around planning reform and it is far from clear that the Bank of England will follow the August move with further easing over the coming months, but, even so, the policy mix is becoming more supportive for the sector."

[master rsi] 08/8/2024 08:55

Two main players in the construction business have today announced good future outlook.

Persimon " Persimmon upbeat on 2024 housebuilding targets amid sector rebound hopes "

Morgan Sindall "FY performance to be 'slightly ahead' of expectations" (already higher the last one.)

[master rsi] 07/8/2024 10:09

3 months candlestick chart
Latest is bouncing from support

[master rsi] 07/8/2024 09:45

Time to pick up the stock

Buys are coming for the stock today as the new Government is pushing for higher number of new homes to be built and the latest figures on the construction are pointing to growth going this way.

Spread of 69 v 70p, but prices paid at the moment are 69.50 v 69.82p.