Brickability Share Discussion Threads

[death by donut] 23/1/2023 10:18

Sharepad has 23 24 2510.3p , 10.3p , 11.5p

[cordwainer] 23/1/2023 10:04

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.

[alter ego] 16/12/2022 07:57

Now holds 6.8% of the stock. Decent amount of skin in the game.

[2vdm] 16/12/2022 07:30

And according to another RNS he's bought another 100,000 and at the current share price Bodes very well.

[cwa1] 15/12/2022 08:24

Indeed, a not insignificant purchase...or holding

[alter ego] 15/12/2022 07:57

agreed. not an insignificant purchase.

[2vdm] 15/12/2022 07:41

Gives me some confidence to see the COO buying 200,000 shares

[riskonricky] 28/11/2022 18:50

Better by what measure?

[riverman77] 28/11/2022 12:32

Damp squid - that's a new one, although guess it kind of makes sense as they spend most of their time in the sea.

[scepticalinvestor] 28/11/2022 10:27

Damp squidMichelmarsh far far better

[c3479z] 28/11/2022 09:29

rather too much reference to ebitda and ebitda targets for my liking.

[2vdm] 28/11/2022 07:50

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.

[fastbuck] 25/11/2022 20:19

Both Brick producers MBH & FORT saying business is robust, while now expecting to exceed forecasts. Must be a big positive for us.

[tole] 21/11/2022 20:19

https://masterinvestor.co.uk/equities/brickability-group-time-to-build-value/

[2vdm] 14/11/2022 07:38

Interim results for the six months ended 30 September 2022 due on Monday 28 November 2022.

[tole] 21/10/2022 16:49

https://masterinvestor.co.uk/equities/small-cap-round-up-bricks-time-rocks-and-a-peach/Brickability (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.

[2vdm] 19/10/2022 08:07

Good trading update and confident of hitting expected targets for year ended 31/3/2023.

[masurenguy] 03/10/2022 06:43

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."

[cwa1] 06/9/2022 06:57

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')*

[masurenguy] 05/9/2022 07:29

Interesting - no current position but onto my watchlist. I note that the original IPO was @65p on 29 August 2019. That established a market cap of £149.8m at that time.

Brickability (Aim: BRCK), is the UK’s leading brick factory and building-materials distributor. The group manages more than 20% of the UK’s brick supply chain, giving it true benefits of scale. The business recently reported annual sales growth of 187%, with adjusted earnings per share increasing by over 80%. As UK shares go, this rate of growth is extraordinary. Given the strong start to the new financial year and ongoing strong demand, we expect Brickability to continue to excel. Despite this strong operational progress, the group’s shares have fallen by over 16% year-to-date, and now trade on a price-to earnings (p/e) ratio of only eight for the year to March 2023. The stock also yields 3.8%.

[cwa1] 19/8/2022 06:15

19 August 2022

Brickability Group PLC

("Brickability" or "the Group")

Director/PDMR Shareholding

Brickability Group PLC (AIM: BRCK) announces that it was notified on 18 August 2022 that Susan McErlain, a Non-Executive Director of the Group, purchased 24,374 ordinary shares of 1 pence each in the Company ("Ordinary Shares") on 18 August 2022 at a price of 82 pence per Ordinary Share.

Following this purchase, Susan McErlain is beneficially interested in 24,374 Ordinary Shares in the Group.

[2vdm] 03/8/2022 06:49

Good results for TW. this morning which shows that this sector hasn't been hit as hard as expected yet. Bodes well for BRCK.

[riskonricky] 02/8/2022 06:20

https://www.thisismoney.co.uk/money/investing/article-11069685/SMALL-CAP-IDEA-Brickability-laying-foundations-future-expansion.html

[sphere25] 29/7/2022 16:10

A nice move for you alter ego.

It looks like the market has cottoned on to the large buyer.

Odd trade caught the eye here:

Bid - offer was at 84p-85p and someone has paid well through the offer at 89p for only 135,223 shares at 15:08 so it must be a tight market.

Another little snippet - 150k unfilled in the auction at 86p so large buyer still at work. A buy order jumped that at 87p for an uncross at 87p so it will look like it is opening slightly down on Monday but interesting moves.

The rest is down to the market to see where it eventually re-rates too.

All imo
DYOR