Few companies can be better equipped than Brickability to bunker down and withstand almost whatever trading difficulties coronavirus subjects the industry to. In ‘lockdown mode' the group has c£25m to potentially £40m of cash resources and a ‘burn' rate of fixed overhead of no more than £1.5m (gross) per month. It will survive this period and emerge with a strength that enables it to pursue its organic growth strategy (new products, larger customer wallet size and share gains) and make accretive ....
26 Mar 2020
Cenkos: Brickability Group Plc -- Strategy still in place
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Cenkos: Brickability Group Plc -- Strategy still in place
Brickability Group PLC (BRCK:LON) | 67.5 1 2.3% | Mkt Cap: 215.7m
- Published:
26 Mar 2020 -
Author:
Cavendish Research -
Pages:
6
Few companies can be better equipped than Brickability to bunker down and withstand almost whatever trading difficulties coronavirus subjects the industry to. In ‘lockdown mode' the group has c£25m to potentially £40m of cash resources and a ‘burn' rate of fixed overhead of no more than £1.5m (gross) per month. It will survive this period and emerge with a strength that enables it to pursue its organic growth strategy (new products, larger customer wallet size and share gains) and make accretive ....