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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Alumasc

December 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • ALU
  • Price:
  • 235p
Alumasc’s AGM pointed to a continuation of robust trading demand, albeit partly offset by higher raw material prices. However, the group has been successfully recouping the higher costs through its own price increases. Forecasts are unchanged but Peel Hunt says the shares remain cheap on a prospective PE of c. 10x and 6.1x EV / EBITDA for FY’22. Its price target is 295p. With little debt it’s well-placed to make further acquisitions. I am a buyer. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X