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Brickability

January 2021

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:
  • 52.75p
 With a vaccine shortly to be rolled out and UK  housebuilder shares surging again, now could be an auspicious time to revisit Brickability, which I highlighted last April.The company, which supplies around 300 million bricks to large and small house builders and contractors, showed resilience during the worst of the pandemic with trading sequentially recovering from its April trough. For the six months to 30 September, sales slid 23% to £75.3m, with pretax profit and eps down 28.5% and 27.5% respectively to £6.85m and 1.9p.But things should improve here on in. Net debt fell from £7.7m in March to £2.7m, even after settling £6.4m deferred acquisition consideration and liquidity is stro ...

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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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