oldjoe1
23 Jul 2015
Re: Breedon Broker Updates........ Breedon Aggregates (LON:BREE) had its buy rating reaffirmed by analysts at Goodbody Stockbrokers Ltd.Breedon Aggregates (LON:BREE) had its add rating reissued by analysts at Numis Securities Ltd. Numis Securities Ltd currently has a GBX 58 ($0.91) price target on the stock.
oldjoe1
23 Jul 2015
Re: Breedon Broker Updates........ <b>Goodbody Stockbrokers Ltd Reaffirms Buy Rating for Breedon Aggregates (BREE)Posted by Joseph Griffin on Jul 23rd, 2015</b>Breedon Aggregates (LON:BREE)‘s stock had its “buy” rating reaffirmed by investment analysts at Goodbody Stockbrokers Ltd in a note issued to investors on Thursday, MarketBeat.com reports.Shares of Breedon Aggregates (LON:BREE) opened at 54.9300 on Thursday. Breedon Aggregates has a 1-year low of GBX 39.41 and a 1-year high of GBX 57.75. The stock’s 50-day moving average is GBX 47.88 and its 200-day moving average is GBX 47.27.Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated an “add” rating and set a GBX 58 ($0.91) price target on shares of Breedon Aggregates in a research note on Thursday. Separately, analysts at Jefferies Group upgraded shares of Breedon Aggregates to a “buy” rating and raised their price target for the stock from GBX 50 ($0.78) to GBX 59 ($0.92) in a research note on Thursday, March 26th.Breedon Aggregates Limited is a United Kingdom-based aggregates company. The principal activities of the business are quarrying of aggregates and the production of added value products, including asphalt and ready-mixed concrete, collectively known as aggregates, together with related activities in Great Britain and Jersey. The Company has two operating segments: England and Scotland. The England segments operates 15 quarries, nine asphalt plants and 23 ready-mixed concrete and mortar plants, serving the East & West Midlands and East Anglia, Wales, Greater Manchester and South Yorkshire. Its English surfacing contracting business undertakes road surfacing projects, as well as infrastructure contracts. The Scotland segment operates 38 quarries, 18 asphalt plants, 37 ready-mixed concrete plants and two concrete block plants, primarily supplying the north, west and east of Scotland, including the Hebrides.
oldjoe1
23 Jul 2015
Re: Breedon Broker Updates........ 23 Jul 2015 Breedon Aggregates BREE Goodbody Buy 54.50 52.50 - - Reiterates
oldjoe1
23 Jul 2015
Re: Breedon Broker Updates........ 23 Jul 2015 Breedon Aggregates BREE Cantor Fitzgerald Buy 54.50 52.50 55.00 55.00 ReiteratesSP Target 55p
oldjoe1
23 Jul 2015
Re: BREE FANTASTIC RESULTS.... Yep lovely. Problem is market is marking down good results at the moment. Must be the summer lull.
oldjoe1
23 Jul 2015
Breedon Broker Updates........ 23 Jul 2015 Breedon Aggregates BREE Numis Add 54.50 52.50 58.00 58.00 Reiterates58p SP TARGET.
sasa43
23 Jul 2015
Re: BREE FANTASTIC RESULTS.... Agreed, oldjoe - assuming the full year figs show the strong showing being maintained, we might even see a maiden dividend being announced; good stuff - sasa.
oldjoe1
23 Jul 2015
Re: BREE FANTASTIC RESULTS.... from iii....Breedon Aggregates pre-tax profits up 92%StockMarketWire | Thu, 23rd July 2015 - 07:34Breedon Aggregates posts pre-tax profits of £17.5 million for the six months to the end of June - 92% up on last time.Revenues were up 28% at £160.5m and underlying EBITDA rose by 54% to £27.3m.Looking ahead executive chairman Peter Tom said: "Trading during the first half was strong, with both the underlying business and recent acquisitions performing ahead of our expectations. March was a record month for the Group, with exceptional performances from both England and Scotland."Assuming that current trading conditions continue through the second half of 2015, we believe that market expectations for the year will be exceeded."
oldjoe1
23 Jul 2015
Re: BREE FANTASTIC RESULTS.... Forward Statement.....Highlights · Strong trading performance · Underlying business well ahead of prior year · Underlying EBITDA margin up to 17.0% · Huntsmans and former Barr business performing well · Step-up in capital investment on track · Mineral reserves & resources replenished · Several acquisition opportunities under review Looking ahead Peter Tom CBE, Executive Chairman, commented: <b>"Trading during the first half was strong, with both the underlying businessand recent acquisitions performing ahead of our expectations.</b> March was arecord month for the Group, with exceptional performances from both Englandand Scotland. <b>"Assuming that current trading conditions continue through the second half of2015, we believe that market expectations for the year will be exceeded."</b> - ends -
oldjoe1
23 Jul 2015
BREE FANTASTIC RESULTS.... 23 July 2015 Breedon Aggregates Limited("Breedon Aggregates" or "the Group"
Interim results (unaudited) for the six months to 30 June 2015 Breedon Aggregates, the UK's largest independent aggregates business, announces its unaudited interim results for the six months ended 30 June 2015. 30 June 2015 30 June 2014ChangeRevenue£160.5 million£125.2 million+ 28%Underlying EBITDA†£27.3 million£17.8 million+ 54%Profit before tax£17.5 million£9.1 million+ 92%Underlying basic EPS†1.29 pence0.73 pence+ 77%Net debt£58.3 million£63.0 million † Underlying results are stated before acquisition related expenses, redundancy and reorganisation costs, property items, amortisation of acquisition intangibles and related tax items. References to an underlying profit measure throughout this Announcement are defined on this basis. 4.5 million tonnes of aggregates sold (30 June 2014: 3.6 million tonnes)0.9 million tonnes of asphalt sold (30 June 2014: 0.7 million tonnes)0.4 million cubic metres of ready-mixed concrete sold (30 June 2014: 0.3 million cubic metres) Highlights· Strong trading performance· Underlying business well ahead of prior year· Underlying EBITDA margin up to 17.0%· Huntsmans and former Barr business performing well· Step-up in capital investment on track· Mineral reserves & resources replenished· Several acquisition opportunities under review Looking ahead Peter Tom CBE, Executive Chairman, commented: "Trading during the first half was strong, with both the underlying business and recent acquisitions performing ahead of our expectations. March was a record month for the Group, with exceptional performances from both England and Scotland."Assuming that current trading conditions continue through the second half of 2015, we believe that market expectations for the year will be exceeded." - ends - The full text of the Group's interim statement is attached, together with detailed financial results. Breedon will host a meeting for invited analysts at 9.00am today and there will be a simultaneous dial-in broadcast of the meeting. Please call 0844 335 0993 to listen to the broadcast. The passcode is 79071269 #. A recording of the meeting will be available to play or download from our website later today at [link] and the presentation can also be viewed or downloaded from the same location from 8.55am this morning.
oldjoe1
22 Jul 2015
Re: BREE ..Brokers Views....... <b>Historically this looks very cheap was trading on historic P/E of 34.5 last year forecast to fall to just over 20 to 2016, plenty of room for growth. EPS growth 34.3% this year 26.6% 2016 and a PEG of less than 1, top line growth story.</b> BREE Breedon Aggregates LtdFORECASTS2015 2016Date Rec Pre-tax (£ EPS (p) DPS (p) Pre-tax (£ EPS (p) DPS (p)Cantor Fitzgerald Europe 21-07-15 BUY Peel Hunt LLP 17-07-15 BUY 25.99 1.97 33.47 2.56 Goodbody Stockbrokers 03-07-15 BUY 1.97 2.43 Numis Securities Ltd 03-03-15 ADD 25.60 1.90 30.00 2.2 2015 2016Pre-tax (£ EPS (p) DPS (p) Pre-tax (£ EPS (p) DPS (p)Consensus 25.84 1.97 32.17 2.50 1 Month Change 0.00 0.00 0.03 0.00 3 Month Change 0.04 0.00 0.31 0.06 GROWTH2014 (A) 2015 (E) 2016 (E)Norm. EPS 33.41% 34.39% 26.65%DPS % % %INVESTMENT RATIOS2014 (A) 2015 (E) 2016 (E)EBITDA £38.93m £45.42m £51.67mEBIT £23.53m £29.48m £35.38mDividend Yield 0.00% % %Dividend Cover x x xPER 34.45x 25.64x 20.24xPEG 1.03f 0.74f 0.76fNet Asset Value PS 14.12p 18.45p 21.06p
oldjoe1
22 Jul 2015
BREE ..Brokers Views....... BREE Breedon Aggregates broker views.......Date Broker Rec. Price Old target price New target price Notes08 Jun 15 Cantor Fitzgerald Buy 50.50 - - Reiterates08 Jun 15 Cantor Fitzgerald Buy 50.50 - 55.00 Initiates/Starts26 Mar 15 Jefferies International Buy 50.50 50.00 59.00 Upgrades17 Mar 15 Berenberg Buy 50.50 54.00 56.00 Reiterates03 Mar 15 Numis Add 50.50 58.00 58.00 Downgrades02 Feb 15 Goodbody Buy 50.50 - - Reiterates
oldjoe1
22 Jul 2015
BREE Trading Update Tomorrow......... 17 April 2015Breedon Aggregates Limited("Breedon Aggregates" or the "Company"AGM StatementAt 2.00pm today Peter Tom CBE, Chairman of Breedon Aggregates, will deliver the following statement at the Company's Annual General Meeting:"Trading in the first quarter has been strong. Sales revenue increased by around 30% compared to the same period last year, with acquisitions contributing about half of this growth. Both England and Scotland delivered improved performances and England experienced a particularly strong start to the year on the back of buoyant demand and good weather."The businesses acquired last year are performing in line with expectations and our existing operations also continue to deliver organic improvement. We have commenced a major planned capital investment programme at the former Barr business, acquired in November last year, which is expected to improve productivity and profitability in the coming months."The outlook for UK construction, and consequently the demand for our products, continues to be positive. The main political parties have emphasised their commitment to investment in housing and infrastructure, which should drive continuing growth after the election. We remain confident of delivering a performance in line with our expectations in 2015."We will give a further update on the Group's progress in our interim results announcement on 23 July 2015."
Morri1971
08 Jul 2015
Another acquisition been made an announcement in the next couple of days I believe
Morri1971
07 Jul 2015
Things have been a bit quiet of late with this stock but with half yr results out soon I can see a positive rise
