The group’s brief AGM trading update for its Q1 to September highlights it has generated a resilient performance against challenging UK construction market conditions. The operational improvements that will deliver £2m of cost saving are on track, with EBIT margins so far lifted by 1%. No change to forecasts. The shares remain at a very low level, offering a highly attractive secure yield of 8.9% and an unduly severe P/E discount to its peer group, trading on a P/E of 4.9x, less t

24 Oct 2019
Alumasc - AGM trading update – on track with restructuring

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Alumasc - AGM trading update – on track with restructuring
Alumasc Group plc (ALU:LON) | 355 -35.5 (-2.7%) | Mkt Cap: 128.3m
- Published:
24 Oct 2019 -
Author:
David Buxton -
Pages:
3 -
The group’s brief AGM trading update for its Q1 to September highlights it has generated a resilient performance against challenging UK construction market conditions. The operational improvements that will deliver £2m of cost saving are on track, with EBIT margins so far lifted by 1%. No change to forecasts. The shares remain at a very low level, offering a highly attractive secure yield of 8.9% and an unduly severe P/E discount to its peer group, trading on a P/E of 4.9x, less t