Another big deal for AIM and publishing delights
An acquisition in the construction materials sector highlights the elevated nature of stock market valuations (if you didn’t realise that already!), although it still looks a cracking deal to us, as our update here reveals. Elsewhere, shares in Bloomsbury Publishing rose to new highs on great results and an even better outlook. We drew attention to the appeal of Bloomsbury last year.
Brickability: cracking dealBrickability Group (LON: BRCK), the AIM quoted construction materials distributor, is acquiring Taylor Maxwell Group, one of the UK's leading suppliers of timber and non-combustible cladding to the construction industry. We highlighted the valuation attractions of Brickability in our in-depth commentary here ‘Cheap as bricks’. The shares have doubled since our initial coverage but there appears to be plenty more to go for in a very supportive market. Brickability Group was founded in 1984 in South Wales and has since grown organically and through acquisitions to have a nationwide presence, with 25 sites and sales offices throughout the UK,…