Interim results to December show decent underlying growth and place the group on track to achieve our full-year PBT forecast, although we slightly raise our 2018 forecast. Now solely focused on its building materials operations, it is seeing good growth at Levolux and from new products introduced over recent years. The shares remain deeply undervalued and now as a more focused, net cash business, growth prospects appear strong and the rating therefore compelling. We retain our 225p price targ
31 Jan 2017
Interims show strong sales growth but some margin pressure
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Interims show strong sales growth but some margin pressure
Alumasc Group plc (ALU:LON) | 172 0 0.0% | Mkt Cap: 62.3m
- Published:
31 Jan 2017 -
Author:
David Buxton -
Pages:
12
Interim results to December show decent underlying growth and place the group on track to achieve our full-year PBT forecast, although we slightly raise our 2018 forecast. Now solely focused on its building materials operations, it is seeing good growth at Levolux and from new products introduced over recent years. The shares remain deeply undervalued and now as a more focused, net cash business, growth prospects appear strong and the rating therefore compelling. We retain our 225p price targ