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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Brickability

February 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • BRCK
  • Price:
  • 68.5p
Having slid to levels last seen in February 2021, shares in the brick factor group bounced after the COO bought 300,000 shares. Earlier, the company had also issued positive interims with EBITDA up 46% to £25.5m and like-for-like sales up 9.3%. EBITDA margins fell from 7.8% to 7.2% reflecting the impact of the lower margin Taylor Maxwell acquisition. Net debt increased to £27.4m (H1 ’21: net cash: £2.8m) reflecting an increase in working capital requirements which is timing related and mostly expected to unwind by the year-end. Bricks & Building Materials (72% sales) grew sales 57% (4.3% like-for-like) with brick volumes in line with last year and price increases and mix being the main drivers. As expected timber volumes and p ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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