II Editor
29 Mar 2018
NEW ARTICLE: Share Sleuth: Pension debt is a red flag for investors "Last month, I promised to consider adding more shares in LSE:ALU:Alumasc to the Share Sleuth portfolio. The portfolio already has a small holding in the company, which designs, manufactures and supplies building products. I think it's a good ..."[link]
shieldbug
20 Mar 2018
Re: NEW ARTICLE: Could Alumasc shares be a b... As identified by Richard Beddard in his October article:"We aim to grow revenues faster than the markets in which we operate and to grow profits at a faster rate than revenues, thereby generating superior financial returns to our shareholders."To quote Cashpharma in the Micro Focus forum yesterday - "Nemesis follows hubris as it always has."
shieldbug
20 Mar 2018
Re: Trading Update....a miss..nm After Carillion I checked the cashflow of Alumasc and its not great. Decided to wait and see if there were signs of this being temporary. Instead of seeing signs of cashflow improving they announced the acquisition of Wade. Now this trading statement, 4-5% reduction in projected revenue and 15% reduction in profit.Note, also that they announced they were taking on additional sales people for Levolux - so they are increasing costs and reducing revenues. Was management distracted by the acquisition? Is there a bigger problem?The drop in price is probably about right. Holding to see how this plays out over the summer - for now.
wastamoney
14 Mar 2018
Trading Update....a miss..nm .
II Editor
02 Mar 2018
NEW ARTICLE: Could Alumasc shares be worth your time? "If you look at LSE:ALU:Alumasc's revenue and profit over the last decade or so, you'll probably be nonplussed. Alumasc doesn't look like a growing business and candidate for long-term investment.First impressions are misleading. The business is ..."[link]
Hawk Eye32
13 Feb 2018
Richard Saville The above seems have confidence in ALU, 2 buys 1@£1.6247 the other @1.66 managed to buy £1.629 on 1 Feb are we going to get back ver £2 this year?
shieldbug
01 Feb 2018
Re: H1 Update... Quite a lot to absorb here.The acquisition was a surprise. Comes with a 52,000 sqft freehold property of unknown value - but from Google street view it is a smart newish commercial warehouse. Pleasing that the company comes with £6m in cash - shows the company has been profitably run over some years. Endole shows Wade International with net assets of 11.2m. Endole also shows uniform growth over 10 years with a minor hiccup in 2016. More generally the company says results strongly weighted to second half of year. That remains to be seen. However like for like sales down 1.9% but EPS down 15.9%. Considering the worsening cashflow situation, it begs the question whether increasing dividends is really a good idea.
gamesinvestor
01 Feb 2018
Re: H1 Update... Interesting that they seem to be struggling when we haven't really hit a construction downturn yet. There has been some levelling off, and Carillion has probably spooked the industry, but you'd expect this 6-12 months into a downturn.It could get a lot uglier -- I like the company but I think I'll wait for sub £1.Games
wastamoney
01 Feb 2018
H1 Update... Not good, lots of negative numbers....but at least the divi is up. I dont own any of these but could be tempted if share price drops, given I like the products and the yield.
shieldbug
20 Oct 2017
Re: NEW ARTICLE: Could Alumasc shares be a b... The products that Alumasc is selling address sustainability concerns. Water, drainage, shading, green roofing. These are things that architects are increasingly concerned with and it is largely architects that will specify Alumasc's products.
II Editor
20 Oct 2017
NEW ARTICLE: Could Alumasc shares be a bargain? "Companies analyst Richard Beddard gives us his view on this good business which is expected to do well over the very long-term.Alumasc's just published its annual report. It's in your Share Sleuth Portfolio Richard. What's good about Alumasc ..."[link]
shieldbug
02 Oct 2017
Good business Alumasc seems to be in a good position. Now entirely focused on a strong portfolio of building products that have shown good growth. The chairman owning 12% of the shares should ensure that the business is well run and that the interests of share holders are properly represented.
great bull
05 Sep 2017
£2 Should see this target hit in the next few months, dividend payment increase will attract a lot more investors. IMHO.
stillere
18 May 2016
Re: Getting interesting? imo worth buying at this price - and there may be something afoot.bought a few todayhave always liked this share but it doesn't always perform as expected.last previous buy about sept '15 subsequently sold out between oct and feb'16
Blanketstacker
17 May 2016
Getting interesting? On the down side there is a substantial pension defecit, and sometimes a large spread. Also building products seem especially unloved at the moment, despite the uptick amongst the builders.More positively
ER 7.4PEG 0.6Yield 3.5%Plentiful working capital available.Recent institutional buying, even if it was tiny!Interim results in February gave an order book up 42% and EPS up 10% 9though profits HAD fallen).Down 4% today on small volumes. Results are not due until early September.
