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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Brickability

May 2020

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:
  • 34.5p
Under normal circumstances we would have expected a gentle rise after last month’s recommendation as momentum had been returning to housing construction and therefore brick demand. However, COVID-19 has spread across from China to pretty much everywhere including the UK. The resulting restrictions on people’s movements have led to an enforced ban on  property transactions. The shares have fallen sharply but Brickability has come out fighting. It has low levels of stock, a strong balance sheet with £22m cash while after its earlier refinancing with HSBC, it has a new £35m facility of which £10m remains undrawn. That gives us confidence to hold. ...

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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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