Brickability Group (BRCK)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

 45.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 76.00
  • 52 Week Low: 32.50
  • Currency: UK Pounds
  • Shares Issued: 230.46m
  • Volume: 861,525
  • Market Cap: £103.71m
  • RiskGrade: 232

Brickability acquires Essex-based McCann Roofing Products

By Josh White

Date: Friday 14 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Construction materials distributor Brickability Group has completed the acquisition of McCann Roofing Products - a roofing products importer and distributor - for ?2.75m, it announced on Friday.
The AIM-traded firm's acquisition was the first since its successful initial public offering, with the board explaining that it was aligned with its acquisition strategy as set out on admission.

It described McCann as a specialist importer and distributor of natural and man-made building products, focussed on roofing.

The company imports high-quality materials from some of the largest producers in Europe, across France, Spain and Belgium.

McCann is based in Grays, Essex, and in the year ended 31 December it reported profit before tax of ?0.7m on revenues of ?8.2m.

Brickability said the acquisition would increase and diversify its European material supply and product range, and would expand the distribution of roofing products into new regions across the UK.

The total consideration was being satisfied by the payment of ?2.75m in cash on completion, funded from the group's existing resources, with the acquisition expected to be immediately earnings accretive.

McCann would become a subsidiary of Crest Brick Slate and Tile, which is an existing Brickability company.

"Bringing McCann into the Brickability Group is very exciting," said chief executive officer Alan Simpson.

"This is exactly the sort of acquisition we set out to make when we listed - the right price with strong management, great performance and a strong business model that fits the Brickability mould."

Simpson said the company was "looking forward" to welcoming the McCann team and working with them to keep growing the group, diversifying its product range and increasing its distribution footprint.

"We have to keep delivering for our shareholders, so expect our focus on acquisition and expansion to continue."

At 1408 GMT, shares in Brickability Group were down 0.34% at 73.75p.

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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.

 

BRCK Market Data

Currency UK Pounds
Share Price 45.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 76.00
52 Week Low 32.50
Volume 861,525
Shares Issued 230.46m
Market Cap £103.71m
RiskGrade 232

BRCK Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
7.42% above the market average7.42% above the market average7.42% above the market average7.42% above the market average7.42% above the market average
Sector averageSector averageSector averageSector averageSector average
Income Not Available
Growth Not Available

BRCK Dividends

  Latest Previous
  Interim
Ex-Div 05-Dec-19
Paid 20-Dec-19
Amount 0.87p

Trades for 03-Jul-2020

Time Volume / Share Price
12:14 3,244 @ 44.40p
08:39 268,000 @ 45.00p
08:39 154,000 @ 45.00p
08:39 436,281 @ 45.00p

BRCK Key Personnel

CEO Alan Simpson
CFO Stuart Overend

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