Bonkers Bargains: Middle East headwinds
This sustainable building products group should recover strongly as the housebuilding sector recovers. A trading update has commented on short term delays due to the impact of events in the Middle East. While the future looks bright current year profitability have taken a hit. We reflect on the latest news 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. 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 here highlights. Growth drivers Almost 80% of Alumasc…