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Alumasc (ALU) – Solid FY results in line with VectorVest UK August BUY recommendation

VVUKlogoAlumasc (ALU) – Solid FY results in line with VectorVest UK August BUY recommendation

Alumasc Group plc (ALU) supplies building and precision engineering products. The principal activities of the Company are the design, manufacture and marketing of products for the building and construction industries, and the manufacture of components for a range of industrial markets.


The company announced full year results this morning, revealing underlying pre-tax profits 7% higher at £8.3m on revenues 11% higher at £26.6m. The company hiked the dividend by 8% to 6.5p, and said order books were at record levels after a 5th successive year of profit growth. Indeed ALU not only pays a healthy dividend – it also has a history of growing the dividend strongly and safely.

This ongoing success had been picked up some time ago by UK stock screening company VectorVest. The system calculates a value for each share on the UK market each evening, and for ALU shows that despite it’s consistent track record of success, the stock is trading well below its calculated value of 200p. Yesterday’s close was 164p.

The VV_ALU5 year VectorVest chart includes a Green line above the actual stock price, which represents the VectorVest Valuation. The blue line in the window below the price is the VectorVest calculated earnings per share (EPS). As can be seen ALU has doubled EPS over the last 5 years.

During 2016 the share has pulled back to the area on the chart where previous resistance has become support. The pullback was in the form of equidistant channel or “flag” pattern. Support arrived at the confluence of both of these technical measures of the share.

This flag pattern is viewed by technical analysts as a bullish signal. The VectorVest stock screening system confirmed this support with a BUY recommendation for ALU back on the 19th of August.

Since the Buy recommendation ALU has moved from 150p to 164p. On the back of the results this morning, and the improving sentiment across the building sector, it has risen to 170p and looks bound higher still.

Link here to view this article and other VectorVest blogs.

David Paul

MD VectorVest UK

1st September 2016

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European Financial Publishing Limited T/A VectorVest UK (VectorVest) is authorised and regulated by the Financial Conduct Authority under register number 543038. You should remember that the value of investments and the income derived therefrom may fall as well as rise and you may not get back the amount that you invest. Past performance is not a reliable guide to the future. This material is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. If investors are in any doubt of the suitability of an investment given their individual circumstances, they are recommended to contact an investment manager or independent financial adviser who may be able to provide tailored advice. Opinions expressed whether in general or both on the performance of individual securities and in a wider economic context represent the views of VectorVest at the time of preparation. They are subject to change and should not be interpreted as investment advice. VectorVest and connected companies, clients, directors, employees and other associates, may have a position in any security, or related financial instrument, issued by a company or organisation mentioned on this site. European Financial Publishing Limited is a company incorporated in Scotland under Company Number SC357322 with its registered address at Exchange Tower, 19 Canning Street, Edinburgh EH3 8EH. Email: support@VectorVest.com.
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