Bonkers Bargains: positive update in a tough market
The UK construction materials sector is firmly out of favour, reflected in the moribund share prices of many companies. This presents an opportunity to pick up shares in good-quality companies trading at rock-bottom valuations. One such cash-rich company is our Bonkers Bargain opportunity, covered here, with the security of plenty of tangible assets and cash. In a very challenging market the latest trading update offerred reassurance, highlighting the quality of this excellent business. (Premium)
Britain's construction industry saw its biggest fall in activity in more than three years in 2023, as higher interest rates led to one of the steepest falls in house-building since the 2008-09 recession.
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