Bonkers Bargains: reassuring trading update
An AGM trading update pointed to double digit growth for the first quarter of its financial year and a decent rebound from previously underperforming divisions while housebuilding products continues to win market share. We reflect on the latest trading update in our updated commentary here.
The shares of this innovative construction materials group continue to trade at an attractive valuation, while an appealing dividend yield also encourages the patient investor. Our updated commentary below tells you about this modestly valued company, which has considerable potential in overseas markets and a very high performing division. The short term may present some challenges, notably for its export led division, however, there is plenty to like about this currently unloved business, notably its high-performing anf high margin Housebuilding Products division. Alumasc Group (LON:ALU), a UK-based supplier of sustainable building products, systems and solutions, still looks cracking value on many levels, as our research…