Alumasc profit to beat expectations
12th Jul 2013 07:50
Strong sales of building products have powered Alumasc's full-year profit ahead of management's previous expectations. Revenues in building products rose almost 20% in the year to June 30th, well ahead of the wider UK construction market, the building and engineering products supplier said in a tra
Read moreSector movers: Construction stocks lifted by decent US data
24th Jan 2013 15:37
Construction and materials stocks were making strong gains on Thursday afternoon after some decent economic data from the US boosted the outlook for demand. American jobless claims and a key manufacturing survey came in better than forecasts today, sending London's benchmark index up over 1.0%. Mea
Read moreAlumasc profits deeply disappointing
4th Sep 2012 11:02
Building and engineering products group, Alumasc, saw profits slump after serious problems at its engineering arm hit full year results. Underlying profit before tax came in at £1.6m in the year to the end of June, compared with £4.3m the year before. Chairman John McColl called it "a deeply disap
Read moreAlumasc make progress with recovery plan
18th May 2012 14:29
Alumasc, a building and engineering products company, has said its profit recovery plan is now well under way, following serious difficulties with the group's Alumasc Precision Components (APC) operation. The recovery plan has been built around the appointment of a new divisional Managing Director,
Read moreAlumasc to supply multi-million pound roof
26th Mar 2012 09:59
Building and engineering products group Alumasc has won a 10 million pound contract to supply roofing to a large aluminium smelter in Canada. The firm said the majority of the revenue and profit from the new contract was expected to come in its financial years ending 30 June 2013 and 30 June 2014.
Read moreAlumasc CEO builds stake as shares tank
16th Feb 2012 15:44
Paul Hooper, group Chief Executive at Alumasc, a building and engineering products company, has acquired over 37,000 shares in the firm on the same day the firm admitted that full year results will be materially below previous expectations. The company attributed this to margin pressures had overs
Read moreAlumasc lowers guidance after margin squeeze
16th Feb 2012 12:43
Building and engineering products company Alumasc shares took a hit after the firm admitted margin pressures had overshadowed revenue growth in the half year to December 31st and that full year results will be materially below previous expectations. Group revenue during the period rose from £49.6m
Read moreThursday broker round-up
16th Feb 2012 09:36
Anglo American: AlphaValue upgrades to buy from add and raises its price target to 3,331.4p from 3,340.2p; Nomura resumes coverage with neutral rating and 3,300p target. Kingfisher: Panmure Gordon maintains buy rating and 350p target. Reed Elsevier: Peel Hunt keeps hold rating and 556p target; Pan
Read moreSmall caps round-up: Hambledon, Cluff Gold, Orosur, Alumasc, Theo Fennell ...
12th Jan 2012 09:48
Hambledon Mining announced that the European Bank for Reconstruction and Development (EBRD) has posted a Project Summary Document relating to a potential $15m debt facility along with an equity investment of $3m for Hambledon to develop the Sekisovskoye underground mining operation and other group p
Read moreInvestors happy as Alumasc confirms dividend
6th Sep 2011 09:23
Building and engineering products company, Alumasc, impressed investors with a 55% increase in profits in the year to the end of June. The firm also confirmed an unchanged final dividend of 6.75p per share, giving a total for the year of 10p per share. There had been fears that a deterioration in
Read moreBroker tips: Blacks Leisure, Alumasc, Experian
15th Jul 2011 14:49
The future is black for Black's Leisure, judging by finnCap's latest diagnosis of the outdoor clothing and equipment retailer's health. It has slashed its target price on Black's to 1p from 10p, following the company's announcement this morning that it is extending its bank facility to £40m as it b
Read moreBroker snap: Gatic puts Alumasc in a hole
15th Jul 2011 14:30
Building and engineering products company Alumasc fell by around one-seventh on the morning it warned that the final quarter of its financial year has experienced a deterioration in margins, putting the final dividend in doubt. Not surprisingly, finnCap is putting its forecasts under review. "We
Read moreAlumasc warns on FY underlying profit
15th Jul 2011 08:14
Building and engineering products company Alumasc said underlying profit for the full year is expected to be ahead of last year, but below previous management expectations after margins were squeezed at its building products division. Group revenues are expected to be in line with previous expecta
Read moreSmall caps round-up: Beowulf, Alumasc, Metric Property...
3rd Feb 2011 12:22
Beowulf Mining's exploration programme in Sweden has been "slightly delayed" by the country's coldest December in 100 years when temperatures regularly plunged as low as -35 degrees celsius. Drilling activity has since returned to more normal levels, and assay results for the initial 10 drillholes
Read moreAlumasc on track
28th Oct 2010 16:26
Building and engineering products company Alumasc said trading since the end of June has been in line with expectations, with revenues running more than 10% ahead of last year's levels. Net debt at 30 September 2010 was £10.9m, £1.6m higher than at the end of June due to anticipated increases in w
Read more