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Brickability

December 2022

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.

While the shares have re-traced to pre-Covid 19 levels on a gloomy macro outlook Brickability is now a much better and more resilient business. Its H1 update said revenues grew 58% (like-for-like growth:10%) to £353m while EBITDA will be at least £25m, up from £18m a year ago. All four divisions achieved sales and profit increases notwithstanding continued high energy costs and inflation, with its most profitable Bricks and Building Materials division growing despite the normalisation of performance in its timber business following the exceptional highs of 2021. Order books remain in line with management expectations.Cenkos reckons much of the bad news is already discounted and with forecasts held, the prospective PE is 6.8 ( ...

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UP Global Sourcing

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Brickability (February 2024)

Brickability (October 2023)

Brickability (June 2023)

Brickability (February 2023)

Brickability (September 2022)

Brickability (June 2022)

Brickability - Brick “factor” makes 14 acquisitions since IPO, 70% forecast eps growth (May 2022)

Brickability - Brick factor group eyes strong market recovery (June 2021)

Brickability (January 2021)

Brickability (July 2020)

Brickability (May 2020)

Brickability Group - Buy and build brick supplier boasts strong record (April 2020)

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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Brickability

December 2022

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