Alumasc 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 moreAlumasc dips into reserves to maintain divi
9th Sep 2010 17:06
Alumasc, the building and engineering products group, has held its full year dividend at 10p, despite it not being covered by earnings, as a sign of confidence in the future. In the year to 30 June the company's underlying profit before tax rose to £3.38m from £1.80m the year before. Non-recurring
Read moreSmall caps round-up: Acta, Alumasc, Ambrian...
23rd Mar 2010 15:57
Catalysts developer Acta has won a deal with SPF Energy worth about €50m in total to install large-scale photovoltaic parks in Italy. The UK firm will install the equipment with through a joint venture partnership with Italian PV installer Fedi Impianti. Phase one of the contract covering three
Read moreSunday tips round-up: Cape, Alumasc, Cranswick
25th Oct 2009 11:48
The share price of mining, chemical and energy services group Cape continues to recover, after the market priced the group for total failure earlier this year. The Telegraph's Questor expects to hear news of more contract wins in the coming months, especially in the Middle East. Buy. Alumasc shares
Read moreSmall caps round-up: Business Control, Polo Resources, Mission Capital ...
10th Jul 2009 10:34
Financial software firm Business Control Solutions remains on track to deliver results in line with market expectations for the full year. The group said its consultancy business has performed 'creditably' in a challenging market with utilisation rates improving in the second quarter. In the softw
Read moreAlumasc sees current year lower
18th May 2009 11:05
Buildings and engineering group Alumasc said overall results for the current year will be marginally lower than its previous expectations. In the first ten months of the year, Building Products' divisional revenues were similar to those in the prior period. Engineering Products' divisional revenue
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