Alumasc Group (ALU)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

300.80p
   
  • Change Today:
    -2.70p
  • 52 Week High: 312.00p
  • 52 Week Low: 152.50p
  • Currency: UK Pounds
  • Shares Issued: 36.13m
  • Volume: 91,461
  • Market Cap: £108.69m
  • RiskGrade: 286
  • Beta: 0.39

Alumasc acquisition of ARP Group gets CMA clearance

By Josh White

Date: Friday 15 Dec 2023

LONDON (ShareCast) - (Sharecast News) - Building products supplier Alumasc has received formal unconditional clearance from the UK Competition and Markets Authority (CMA) for its acquisition of ARP Group, it announced on Friday.
The AIM-traded firm said the acquisition, in line with its strategic plan to boost organic growth through earnings-enhancing bolt-on acquisitions, was set to be finalised by the end of December.

Chief executive officer Paul Hooper said the acquisition aligned with the company's strategy to accelerate its organic growth with such acquisitions.

"We are delighted that it has cleared its final regulatory hurdle," he said.

"We are excited about the scaling-up opportunities this transaction brings to both companies and look forward to welcoming the ARP team into Alumasc Group."

At 1400 GMT, shares in the Alumasc Group were up 1.48% at 166p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Alumasc Group Market Data

Currency UK Pounds
Share Price 300.80p
Change Today -2.70p
% Change -0.89 %
52 Week High 312.00p
52 Week Low 152.50p
Volume 91,461
Shares Issued 36.13m
Market Cap £108.69m
Beta 0.39
RiskGrade 286

Alumasc Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
45.48% below the market average45.48% below the market average45.48% below the market average45.48% below the market average45.48% below the market average
5.26% below the sector average5.26% below the sector average5.26% below the sector average5.26% below the sector average5.26% below the sector average
Price Trend
97.36% above the market average97.36% above the market average97.36% above the market average97.36% above the market average97.36% above the market average
89.74% above the sector average89.74% above the sector average89.74% above the sector average89.74% above the sector average89.74% above the sector average
Income
42.47% above the market average42.47% above the market average42.47% above the market average42.47% above the market average42.47% above the market average
24.14% above the sector average24.14% above the sector average24.14% above the sector average24.14% above the sector average24.14% above the sector average
Growth
30.35% below the market average30.35% below the market average30.35% below the market average30.35% below the market average30.35% below the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Alumasc Group Dividends

  Latest Previous
  Final Interim
Ex-Div 26-Sep-24 22-Feb-24
Paid 01-Nov-24 08-Apr-24
Amount 7.30p 3.45p

Trades for 11-Nov-2024

Time Volume / Share Price
13:00 3,298 @ 303.18p
11:38 7,659 @ 301.00p
12:16 1,517 @ 303.18p
11:04 4,783 @ 303.00p
10:03 8,750 @ 300.25p

Alumasc Group Key Personnel

CEO G Paul Hooper
Finance Director Simon Dray

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