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Secondary Recommendation

Alumasc - Precision engineering sales balloon

April 2011

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:
  • ALU
  • Price:
  • 155.5p
Conditions in the building industry are hardly brilliant. The value of commercial starts fell by 30% in the three years to 2010, keeping profitability under intense pressure, particularly for many of the smaller suppliers of building products. Strange to relate how shares in Alumasc (ALU; 155.5p), which derives 70% of its sales from this area, are standing at a new high for the year.In truth Alumasc’s building materials side is not totally immune to the problems but brokers are expecting it to continue growing its profits mainly because its second smaller business in precision engineered components is growing very quickly. In the next three years this arm will lift its profit contribution before central costs to £5.3m but even ...

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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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