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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Michelmersh Brick Holdings Plc | MBH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.50 | 0.51% | 98.50 | 15:06:10 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 98.00 | 98.00 | 98.50 | 98.50 | 98.00 |
| Industry Sector |
|---|
| CONSTRUCTION & MATERIALS |
| Top Posts |
|---|
Posted at 22/8/2023 09:09 by 1yellowjersey Michelmersh have today announced that it will be hosting its retail investor conference call at 10:00 (BST) on the Friday 8th of September.For more information and to sign up please follow this link: |
Posted at 31/3/2023 10:56 by barnesian I've just been at the retail investor presentation this morning.Overall the management is very professional and competent. I was reassured by their knowledge and approach. The numbers also look excellent, particularly the cash generation. On pricing, the company achieved an 18% increase last year in two tranches with no push back, and a further 10-15% this January. Their three main competitors put through price increases of 45, 44 and 42% last year, the last increase being in October, with some push back, but are marketing zero increase for this year. The MM price premium has reduced from around 30% to 20%. They have basically maintained margins and gained goodwill from customers. On exports, they export a bit to Europe - mainly high end specific contracts - but are up against high quality competitors, so exporting is not an important part of their strategy. 25% of UK demand is met by imports - a lot from Belgium and Holland. |
Posted at 15/12/2022 15:25 by m12rtn Only saving grace is that demand can't be met currently, so as long as the actual current need is met, then the fall is good news for new investors, as the cash and divi wont really be affected on current activities. |
Posted at 06/9/2022 09:50 by barnesian I think the MBH share price has suffered from an understandable but unwarranted reaction to the large increases in GAS prices.It's understandable because brick making is energy intensive. However MBH have: 1) previously stated that they have hedged forward on gas prices 2) this time they state "Careful management of input costs on a risk based approach, with energy costs continuing to be hedged in volatile markets as appropriate" 3) "Portfolio price increase implemented on 1 July 2022 to mitigate ongoing elevated inflation rates" So I think it is unwarranted. It is a well managed company with a premium product and fairly wealthy customer base. I think it has a great future beyond the short term energy crisis which it seems to be navigating well. For those interested in questioning the company about its GAS prices the company states: "The Company will be hosting an online presentation to retail investors on Thursday 8(th) September at 3pm. Those wishing to join the presentation are requested to register via the following link: Meeting Registration (hxxps://forms.gle/C |
Posted at 02/9/2022 15:17 by 1yellowjersey MBH holding a retail investor presentation, followed by a Q&A session on Thursday, 08 September at 15:00(BST). |
Posted at 21/4/2022 18:10 by tole A dirt-cheap UK growth share to buy right now!I think this ultra-cheap UK share could be an excellent buy as demand for its products soars. Here's why I'd buy it today to hold for the next 10 years.Royston Wild?Published 21 April, 11:04 am BSTMBHI'm searching for the best cheap UK shares to buy for my stocks portfolio. Here's one I think could be an exceptional buy following strong industry newsflow today.Looking goodKey data streaming in from the British housing market shows that demand for homes continues to outstrip supply. So buying London's quoted housebuilders could be a good idea in this climate.However, another effective way to capitalise on these favourable conditions might be to invest in companies that manufacture building products.This is why I think investing in Michelmersh Brick Holdings (LSE: MBH) could be a great idea.The brilliant brickmakersOn Thursday, a couple of Michelmersh's industry rivals released news that confirms how fertile the trading landscape is right now.First up let's look at Ibstock, a cheap UK share that I own. It said today that "demand in both the new build housing and RMI [repair, maintenance and improvement] markets remains robust".Indeed, it said that stronger clay brick volumes would help full-year profits beat its prior estimates.Brickabili |
Posted at 30/3/2022 08:17 by brummy_git Fabulous investor interview here with Co-CEO Frank Hanna & CFO Ryan Mahoney ofMichelmersh Brick www.voxmarkets.co.uk |
Posted at 06/8/2021 10:26 by barnesian Sphere25 - excellent analysis. More upside than downside I think in the shorter term.Longer term, this is a well managed, debt free company with a premium product in a market where demand exceeds supply and is likely to for some time. It has also had a progressive dividend policy in the past. Questions I ask myself: * Is future growth limited by capacity? If so, what can the company do about it? * Is the company taking full advantage of the excess demand to raise prices and therefore margins and RoE? * Will landfill increase in profitability? * Will the company raise dividends faster than expected? It can afford to but I think it manages in the interests of all stakeholders including employees and customers. Where do investors rank? Overall I rate the management of this company highly, and will continue to top up my holding on dips like this. |
Posted at 22/6/2021 08:10 by tomps2 MBH investor presentation June 2021CEO Frank Hanna and (new) CFO Ryan Mahoney give an overview of the business, the market structure and where MBH fit in; followed by extensive questions from the audience. Watch the video here: Or listen to the podcast here: |
Posted at 09/6/2021 06:10 by brummy_git Unearthing undervalued growth stocks is never easy.However I think premium brick manufacturer Michelmersh is just the ticket for L/T smallcap investors. Find out why here, along with all the Building Product sector valuation multiples & KPIs. www.linkedin.com/pos |
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