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We're hosting a SIGnet Follow Up Meeting on 14th Mar 2024 at 7:15pm to analyse Alumasc's (LON:ALU) Half Year Results. SIGnet members can register here: https://www.sharesoc.org/events/signet-follow-up-meeting-on-alumasc-alu14-march-2024/
I am encouraged to see the steady appreciation in the share price and believe the company could be valued quite a bit more. Is there are reason that the share price is getting traction at the moment?
I have compiled a list of London stock exchange companies with a green economy mark. *The list excludes "financial" and "consumer discretionary" colpanies
https://www.londonstockexchange.com/raise-finance/equity/green-economy-mark/green-economy-mark-report-2022?tab=issuer-list
I have run all the companies through tradingview.com to get the following results:
The winner with a buy/strong buy indication was
Eqtec plc with an average broker target 801% above today's share price.
Second place Clean power hydrogen with 495%
Third place Energy group Plc with 446%
Company name
Technical rating
Analyst rating
Price target in pence and % above current share price
Accsys
Strong sell
Buy
128p 103%
AFC Energy
Sell
Neutral
108p 435%
Agronomic
Strong sell
Strong buy
20p 78%
Alumasc
Sell
Strong buy
275p 76%
AMTE power
Sell
Strong buy
282p 378%
Applied graphine
Sell
N/A
Atome energy
Buy
Strong buy
199p 85%
Biome tech
Sell
N/A
Blackbird
Sell
N/A
Cap-xx limited
Strong sell
Buy
825p 135%
China yangtze
Neutral
N/A
Clean power hydrogen
Strong sell
Strong buy
116p 494%
Cyanconnode
Sell
Strong buy
27p 52%
Dialight
Neutral
Neutral
170p -36%
Directly plus
Strong sell
Strong buy
224p 172%
Eden research
Sell
Strong buy
N/A
Energy group plc
Sell
Strong buy
15p 446%
Eneraqua
Sell
Strong buy
422 40%
Eqtec
Buy
Strong buy
2.57p 801%
Eurocell
Sell
Strong buy
228p 64%
Gelion PLC
Sell
N/A
Genuit group plc
Sell
Buy
349p 28%
Greencoat renewables
Sell
N/A
Harvest minerals
Sell
N/A
Ilika
Strong sell
Strong buy
86p 130%
IMI
Neutral
Buy
1689p 16.4%
Inspired plc
Neutral
N/A
Invinity
Strong sell
Strong buy
116p 299%
Itaconix
Strong sell
N/A
Itm power
Strong sell
Neutral
146p 87%
Kingspan
Sell
Buy
74p 23%
Libertine holdings
Buy
Strong buy
30p 55%
Microlise
Buy
Strong buy
268p 75%
Ming yang
Sell
N/A
Mycelx
Buy
Strong buy
95p 196%
Nanoco
Neutral
N/A
Neometals ltd
Strong sell
Strong buy
94p 183%
Ondo plc
Sell
N/A
Pennon plc
Neutral
Neutral
972p 12%
Plant heath care
Buy
Strong buy
33p 200%
Plexus holdings
Buy
Strong buy
N/A
Pod point
Neutral
Buy
125p 68%
Proton motor
Sell
N/A
Quartix
Strong sell
N/A
Renew holdings plc
Neutral
Strong buy
910p 32%
Renewi
Sell
Strong buy
933p 53%
Sabien
Strong sell
N/A
Sdic power
Neutral
N/A
Severn trent plc
Neutral
Neutral
2858p 0%
Simec atlantis
Neutral
N/A
Smart metering plc
Strong sell
Strong buy
1124p 45%
DS Smith
Neutral
Strong buy
407p 33%
Smurfit PLC
Neutral
Strong buy
3788p 30%
Symphony environmental
Sell
N/A
Synthometer
Strong sell
Buy
207p 66%
Tekmar group
Sell
N/A
Thorpe plc
Neutral
N/A
Trakm8
Sell
N/A
United utilities
Neutral
Neutral
1097p 4%
Verditek
Buy
N/A
Volution group PLC
Neut
lift off
Anyone think this could have OK results with a speculative view for growth from here? So last year it had net bank debt of £4.7m and before then 2021 it was only £0.9m. The dividend payout was is under 40% and there is a pension deficit. The positives of cash conversion are however are strong and it is a punt but they are in the right sector at the right time so I have added with the dividend somewhat limiting a stagnant share price in 2023.
Just bought in with 7400 shares buy. Did research and happy with
7% dividend.
what more do you want?
great position/brand in growing markets
experienced aligned management
absurdly cheap ev/ebit
dyor, all lol
sp strenght
chat board silence
pretty much all the really good plays are missed by the great unwashed
primed for blast off imv
selling in vol @140 possible now
selling above the mid...bought 2k more @139.5p
bought 2k more @ 139.xx
Hi RetiredBanker - any ideas why we’ve not seen any trading update? I’d dip back in but that’s making me a little nervous.
A long term holder here, seeing this as a highly cash generative, sustainable and steady income producing company.
The price drop since the interim results in February has no basis in reality. I hope we get a trading update in Mid July like we have in previous years, when the BoD have first indication of full year outcome and they re-affirm £90m revenue and £7-10m net profit ... that should support a return to 225p share price !
it seemed weirdly cheap @£2 lol
https://www.statista.com/statistics/264624/global-production-of-aluminum-by-country/
3rd highest supplier Russia.../change of auditors Hmm...
with EV/EBIT in 5-7 sweet spot and management bullish/aligned/experienced
dyo work/calcs/assessments lol
Does anyone have information wrt supply of aluminium? What I'm getting at is whether the sanctions and problems with Russia are going to affect the company. I've been searching the website, but without much success.
Another set of rock solid interim results.
Almost certainly FY revenue £90-95m ; Profit £7-10m again and hopefully we hit 10p as FY dividend.
Paying out 50% of net profit as dividend and a p/e of ten seems very conservative valuation when long dated government bond yields are <2%. I'd like to see this sp rise back towards 275-300p just on the basis of a p/e =15 !
https://twitter.com/surprised_trade/status/1464157995374465039
new holding today....mkt drop provides opportunity
PS. And I like the detail and straightforwardness in the statement. Inspires confidence.
Seems a pretty good report to me, given what we all knew already - that logistics are terrible (worldwide) and there is a huge materials shortage, so everything is slowing down. Maintaining the great momentum, reducing debt, even the pension deficit is down.
Glad to be able to make a small top up (small because I had to take it from something which may have further to rise) at this price: 222.9p.
Nice steady growth and no bs.
"Alumasc, the premium sustainable building products, systems, and solutions group, is pleased to announce that Gatic, part of the Group's Water Management division, has been awarded a number of new contracts in the Middle East and Far East. Building on earlier contract wins, the sales value of these orders total, in aggregate, in excess of £3.5 million.
These contracts are for the supply of Gatic access and drainage products for a number of projects, including further Gatic access covers for the third runway at Chek Lap Kok airport in Hong Kong, Gatic access cover sales to Doha, Qatar, and Gatic Slotdrain sales to the South Harbour Expansion in Manila, the Philippines. Supply has already commenced, and these contracts are expected to be delivered over the next 12 months."
Good to see us expanding overseas, especially in infrastructure projects.
Mickey, yesterday's figures, whilst in line with forecasts, were tremendous. On a p/e of little more than 10x, yielding almost 4%, generating very strong cashflows and sitting on little debt, the shares look a decent 'Buy' all the way to £3+, if not 350p+. Quite why the shares have been bashed several times in recent weeks is beyond me, but a lack of liquidity in AIM stocks can see this happen and fear can take over, in a fast moving price, when news flow is thin on the ground. Not that ALU's management have been shy to announce better than expected trading updates! Fill 'yes boots. There's a lot more upside to come.