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Alumasc

October 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:
  • 252.5p
Alumasc announced a positive finish to the year with Q4 demand resulting in full year trading exceeding expectations. Market share gains were achieved in all three divisions of Water Management (supplying aluminium and stainless steel  products such as floor drains and gutters); solar shading systems (electronic blinds to better control a building’s internal temperature and reduce air con needs); and house building products.Peel Hunt has upgraded pretax profit by 5% to £10.9m (eps: 24.4p) for the year to June ’22 and has raised its target price from 240p to 295p.Net debt has fallen to just £1m and with a £20m revolving credit facility, I’m expecting acquisitions.The pivot towards ...

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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.

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