Breedon Aggregates Limited is the largest independent aggregates business in the UK after the global majors. We operate 52 quarries, 27 asphalt plants, 61 ready-mixed concrete & mortar plants and three concrete block plants in England, Wales and Scotland, employing more than 1,250 people.
The group has strong asset backing, with around 400 million tonnes of mineral reserves and resources in the UK.

Breedon Aggregates’ strategy is to continue growing through consolidation of the UK heavyside building materials sector.

We have two fully-integrated autonomous businesses, in England and Scotland, each with its own management team.

Breedon Aggregates England

Our English operations are headquartered at Breedon-on-the-Hill near East Midlands airport and employ around 450 people. Breedon Aggregates England operates 13 quarries, 7 asphalt plants and 18 ready-mixed concrete and mortar plants, serving the East & West Midlands and East Anglia, north Wales, Greater Manchester and South Yorkshire.

Our English contracting services business undertakes minor road surfacing projects as well as major infrastructure contracts, serving an area from the east coast to mid-Wales and from the M62 corridor to the South Midlands.

Breedon Aggregates Scotland

Our Scottish operations are headquartered in Dundee and employ around 550 people. Breedon Aggregates Scotland operates 24 quarries, 15 asphalt plants, 30 ready-mixed concrete plants and two concrete block plants, primarily supplying the north, west and east of Scotland including the Hebrides.

We own a 37.5% stake in BEAR Scotland, which manages the north-east, north-west and south-east trunk road networks on behalf of Transport Scotland, and also own a majority stake in traffic management services company Alba Traffic Management, the leading provider of traffic management solutions throughout Scotland.

Mobile Concrete Solutions (MCS), our joint venture with specialist construction services company TSL, offers on-site concrete batching services anywhere in the country, specialising in wind farms, hydro-electric projects, power grids and plans and offshore energy - often in extremely remote locations.




http://www.breedonaggregates.com/

IC this week - Canny acquisitions, self help and improving conditions in the construction market are leading to predictions of explosive earnings growth.
The real cherry on the cake for Breedon will be the recovery in the construction market. A recovery should bring the double whammy of improving volumes and prices, due to a largely fixed cost base, this could send profits soaring.
Peel Hunt estimates that between 30 and 60% of revenue will drop through to cash profits, depending on the product mix. And prospects for the construction market look good, with the most recent government spending review outlining a pipeline of infrastructure investments worth £100bn between 2015 and 2020. While a 2014 PE of 19 looks high, this drops to 15 in 2015, and also represents a discount to the 23 times 2014 rating of Marshall's shares, which has lower growth forecasts to Breedon.
Underlying profits in the first half were up 69% and the business is backed by hard-to-come-by assets. Also there is considerable potential for broker upgrades due to the sensitivity of the business to any pick up in its end markets and further earnings -enhancing acquisitions. No dividend.

OFT Review of Scottish Acquisition

RNS


RNS Number : 7695O

Breedon Aggregates Ld

24 September 2013






24 September 2013

BREEDON AGGREGATES LIMITED

("Breedon" or the "Company")



OFT Review of Scottish Acquisition



As previously announced by Breedon, on 30th April 2013 the Office of Fair Trading (OFT) informed the Company that it wished to review the recent acquisition of Aggregate Industries (AI) business in northern Scotland to decide whether there were competition issues which required referral to the Competition Commission (CC) for further examination. The OFT has today announced that, following its investigation, it believes that there are some competition issues which it considers require further examination by the CC.



Breedon has conducted an extensive examination of the market and believes strongly that there are only minor issues in one product area which may require disposal of a limited number of individual assets. Breedon believes that its view is consistent with the findings of the CC in their recent market review and the criteria applied to the Anglo American/Lafarge merger in 2012.



The main investigation by the CC is expected to last for up to six months. Further announcements will be made as appropriate in due course.

With the housing market pick up there should be more demand from Breeden.

Trading Update

RNS


RNS Number : 8712T

Breedon Aggregates Ld

26 November 2013






26 November 2013



BREEDON AGGREGATES LIMITED

("Breedon" or the "Group")



Trading Update & Appointment of New Group Finance Director



Breedon issues the following statement in advance of its year-end. The Group is due to announce its preliminary results on 4 March 2014.



Trading Performance



The Group's trading performance has been very encouraging and pre-tax profits for the full year to 31 December 2013 are expected to be somewhat ahead of market expectations, assuming favourable weather conditions for the remainder of the year. Sales volumes of aggregates, ready-mixed concrete and asphalt are all ahead year-on-year in both England and Scotland, assisted by contributions from our acquisitions of Aggregate Industries' operations in Northern Scotland and Marshalls' quarries in England.



Group sales revenue in the second half of the year has been stronger than in the first half and the full-year EBITDA margin is expected to be ahead of the prior year, driven by continuing improvement in the underlying business and the benefit of acquisitions.



Operational progress



Both the English and Scottish businesses continued to make good progress this year, helped by a general improvement in construction demand and a continued focus on management of costs, prudent investment and careful selection of work.



The Competition Commission's investigation into Breedon's acquisition of Aggregate Industries' Scottish operations is continuing and discussion regarding their findings is likely to commence in January. Breedon continues to believe that there are only minor issues in one product area, which may require disposal of a limited number of individual assets.



Appointment of Group Finance Director



The Board has been notified by Ian Peters of his intention to step down as Group Finance Director in order to pursue other interests. The Board intends to appoint Rob Wood as Ian's successor with effect from March 2014, and the required regulatory announcement will be made in due course. A Chartered Accountant, Rob, 47, is currently Group Financial Controller of Drax Group plc. He was previously Chief Financial Officer - Australia & Asia Pacific at Hanson PLC.

The Board would like to express its thanks to Ian for the significant contribution he has made to the development of the Group over the last five years and is grateful that he has agreed to remain in his role until March 2014 to ensure a smooth handover.



Outlook



For 2014 the Mineral Products Association is forecasting 2-4 per cent growth in aggregates volumes, 3-5 per cent growth in ready-mixed concrete and 2-4 per cent growth in asphalt - a more positive outlook than for a number of years. The Construction Products Association is also forecasting a return to growth in UK construction output in 2014.



Against this backdrop, we have reason to be optimistic about the coming year and remain confident of making further progress in 2014.



- ends -

26 Nov Numis 39.00 Add

Breedon Aggregates: Jefferies starts with a target price of 42p and a buy recommendation

A buy in this weeks IC - Breeden Aggregates expects to deliver stronger than expected profits for the full year. The group has 400m tonnes of mineral reserves just as demand is set to grow.

Strong purchasing today.


Breedon Aggregates Ltd (BREE:LSE) set a new 52-week high during today's trading session when it reached 38.50. Over this period, the share price is up 74.73%

Starting to look positive.

Shares - A forward price/earnings ratio for next year of 24.5 times looks aggressive, given the historic volatility of the construction industry and integration risk associated with acquisitions.

Nice chart. Shame it's so thinly traded.

Final Results

Highlights

· EBITDA margin up full percentage point to 12.6%

· Strong performances in both England and Scotland

· Sales volumes in all products significantly ahead of prior year

· Capital expenditure substantially increased to £13.3m (2012: £8.5m)

· Two transformational acquisitions completed, funded by £61m placing

· Very strong balance sheet: gearing more than halved to 37%

· New Group Finance Director appointed and assumed role on 3 March 2014

· Business positioned for organic and acquisitive growth


http://www.moneyam.com/action/news/showArticle?id=4766029

A good day for Breeden, moving with the upturn in housing.

Breedon expands at Clearwell

RNS


RNS Number : 9643D

Breedon Aggregates Ld

04 April 2014








News release



4 April 2014

Breedon expands at Clearwell

with acquisition of ready-mix plant from Aggregate Industries



Breedon Aggregates, the UK's largest independent aggregates business, has expanded its operations at Clearwell quarry near Lydney in Gloucestershire with the acquisition from Aggregate Industries of the ready-mixed concrete plant on the site.



Clearwell was one of four quarries acquired from Marshalls PLC in April last year. It is one of the largest limestone quarries in the region and serves a wide range of customers in Gloucestershire and Monmouthshire.



The acquisition of Aggregate Industries' concrete plant and its associated ready-mix trucks, which have operated on the site for a number of years, will significantly expand Breedon's market opportunity in the region. In addition to providing a new added-value outlet for Clearwell's washed limestone sand, it will also enable the company for the first time to service the industrial, commercial and housing markets in and around the Forest of Dean.



Tim Hall, chief executive of Breedon Aggregates England, said: "It's great to be open for business in ready-mix in Gloucestershire. This is our first plant in the west of England and our customers can look forward to the same outstanding local service that we offer from every one of our other 50 ready-mix businesses around the UK."

- ends -

The massive merger announcement from Holcim and Lafarge may have an unexpected beneficiary – in the form of Breedon Aggregates. The competition authorities in the UK are expected to approve the merger between those two European rivals, while at the same forcing them to let go of some assets. One possible unit that might come free is a cement works in Staffordshire. Breedon is a consolidator, snapping up assets on the cheap. The purchase of that unit would give the company its first entry into cement, allowing it to produce the full range of building materials, The Times Tempus writes.

Other units might also break free, too. Simultaneously, the British outfit stands to gain from the disruption which the deal might create for its rivals’ operations in the UK. The reaction in the stock’s price has been muted, perhaps due to the fact that they are trading at a sky-high multiple, “but, as I have suggested before, this is one for the patient investor”, Tempus adds.

Competition & Markets Authority Review

RNS


RNS Number : 3784E

Breedon Aggregates Ld

09 April 2014








News release



9 April 2014

BREEDON AGGREGATES LIMITED

("Breedon" or the "Company")



Conclusion of Competition Authority's Review of Scottish Acquisition

Breedon notes the publication today of the Competition & Markets Authority's (CMA) final report on its investigation into the Company's acquisition of Aggregate Industries' (AI) business in northern Scotland. The report confirms the CMA's provisional findings, published on 6 February 2014, which require Breedon to dispose of a ready-mixed concrete plant in the Peterhead area and an asphalt plant in the Aberdeen area, and to give undertakings in respect of its asphalt plants in the Inverness area.

The Company will now work with the CMA to finalise the terms of these divestments and undertakings within 12 weeks. Breedon has every intention of reaching agreement with the CMA as quickly as possible, in order that it can expedite the sale of the assets concerned and proceed with the full integration of the former AI businesses.

Further announcements will be made in due course.

The Company will update the market on current trading in its AGM statement on 17 April 2014 and will release its interim results for the 6 months ending 30 June 2014 on Thursday 17 July 2014.

- ends -

Breedon acquires Huntsman's Quarries

StockMarketWire.com

Breedon Aggregates, the UK's largest independent aggregates business, has acquired Huntsman's Quarries, a long-established aggregates company based in the North Cotswolds, for £15m in cash. Huntsmans operates a substantial limestone quarry and ready-mixed concrete plant at Naunton, between Cheltenham and Chipping Norton, together with a second ready-mixed concrete plant at Evesham in Worcestershire and a fleet of 20 haulage and mixer trucks.

It owns three further quarries near Naunton which are currently dormant. In 2013 the business sold over 300,000 tonnes of aggregates and generated sales of approximately £8m with EBITDA of approximately £2m.

Breedon says the business has performed well in 2014 with year-on-year revenues ahead in the first quarter. In total, Naunton has planned mineral reserves of 4 million tonnes and potential further resources of 6 million tonnes. The mineral produced by Huntsmans is a high quality, harder-than-average Cotswold stone which is ideal for natural walling and is also particularly suitable for Type 1 sub-base and ready-mixed concrete. In addition, the business supplies natural roofing slate, decorative blocks, agricultural lime and blue clay. Breedon says the acquisition gives the company access to the affluent and buoyant Cotswolds market, together with a new presence in the north Worcestershire concrete market. The consideration will be settled in cash from the company's existing resources and Breedon will also assume Huntsmans' debt of up to £2m.



Story provided by StockMarketWire.com

2 Jun Numis 58.00 Buy

Half Yearly Report


Highlights

· Trading strongly ahead of comparable period in the prior year

· Volumes ahead in all key product groups

· Underlying EBITDA margin up over one percentage point to 14.2%

· Organic investment generating improved operational performance

· Mineral reserves enhanced with further extensions

· Agreement reached with the Competition & Markets Authority, paving way for integration of former Aggregate Industries businesses

· Successful bolt-on acquisition of Huntsmans

· Refinancing completed post-period-end


http://www.moneyam.com/action/news/showArticle?id=4850606

Director Deals - Breedon Aggregates (BREE)

BFN

Peter Tom, Chairman, bought 350,000 shares in the company on the 17th July 2014 at a price of 39.00p. The Director now holds 48,291,867 shares.

Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com