Reassurance | Going cheap | Impressive
News and updates continue to come thick and fast. Another of AIM’s largest companies saw its shares sink on a veiled profit warning – you had to read the small print! However, with cash flow still looking good, the valuation looks compelling at current levels, as you can discover here. Elsewhere, there was reassurance from others, and impressive results from another while an interesting play on uranium also appears to be going cheap.
Brickability reassures Brickability Group (AIM: BRCK), the construction materials distributor, issued a reassuring update on trading for the year ended 31 March 2023. Despite the uncertain macro-economic environment, the Group's performance in the final quarter of the year has remained resilient with revenues for the year ending 31 March 2023 up 30.9% to £681m, and 4.0% higher on a like-for-like basis. Adjusted EBITDA is anticipated to be not less than £50m, ahead of expectations of £47.1m. The performance of the Group's timber business “normalised” (i.e. fell!) during the year following what was an exceptional high in the prior period. Revenue…