Can this company return to past glories?
A well-established AIM company covered here is currently conducting an in-depth of review of some of its activities. We consider that a focus on its core brand could deliver superior returns. Read on for our thoughts on this and other news from AIM, including a great update from one of our Stonking Small Cap opportunities.
Breedon: revenue growth positive, cash flow less so Breedon Group (AIM:BREE), the AIM quoted construction materials group in Great Britain and Ireland, announced decent results for the six months ending 30 June 2022, although cash flow wasn’t as positive as usual. Breedon holds around 1bn tonnes of mineral reserves and resources with long reserve life, supplying value-added products and services, including specialty materials, surfacing and highway maintenance operations, to a broad range of customers through its local network of quarries, ready-mixed concrete and asphalt plants. Revenue in the period rose 12% to £671.1m, driven by price increases, while volumes were…