Bonkers Bargains: still looking good and yielding 6%
Shares of this building products and systems company have climbed over recent months, but the valuation remains extremely compelling, even relative to sector peers. Despite the gloom surrounding the UK construction materials sector, the latest interim results offered plenty of encouragement, featuring strong growth in overseas markets. Find out more about this lowly rated and high yielding Bonkers Bargain here, including comment on the latest results.
The shares of this innovative construction materials group continue to trade at a very low valuation, both against the market and its peer group, while a near 6% dividend yield encourages the patient investor. Our updated commentary below tells you about this modestly valued company, which is seeing strong growth in overseas markets. Alumasc Group (LON:ALU), a UK-based supplier of sustainable building products, systems and solutions, benefited from the post lock-down construction boom, although you wouldn't believe it from the steep decline of its share price, which reflects the more muted outlook. This c£57m market capitalisation business (share price of 158p, initially…