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MGNS Morgan Sindall Group Plc

2,285.00
0.00 (0.00%)
15 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Morgan Sindall Group Plc LSE:MGNS London Ordinary Share GB0008085614 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2,285.00 72,136 16:29:56
Bid Price Offer Price High Price Low Price Open Price
2,280.00 2,285.00 2,310.00 2,270.00 2,300.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gen Contractor-nonres Bldgs 4.12B 117.7M 2.4853 9.19 1.08B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:28:28 O 200 2,300.16 GBX

Morgan Sindall (MGNS) Latest News

Morgan Sindall (MGNS) Discussions and Chat

Morgan Sindall Forums and Chat

Date Time Title Posts
14/4/202411:57MORGAN Syndall RETURNS TO GLORY964
09/11/202012:11Just charts269
23/2/201103:50*** Morgan Sindall ***1
07/10/200911:57Can Morgan Sindall do the Double?175
17/12/200315:52Morgan=est amp41

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Morgan Sindall (MGNS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-15 17:28:292,300.162004,600.32O
2024-04-15 17:05:052,300.23123.00O
2024-04-15 17:05:042,303.097161.22O
2024-04-15 16:35:222,296.592064,730.97O
2024-04-15 16:26:512,298.1186019,763.70O

Morgan Sindall (MGNS) Top Chat Posts

Top Posts
Posted at 15/4/2024 09:20 by Morgan Sindall Daily Update
Morgan Sindall Group Plc is listed in the Gen Contractor-nonres Bldgs sector of the London Stock Exchange with ticker MGNS. The last closing price for Morgan Sindall was 2,285p.
Morgan Sindall currently has 47,358,398 shares in issue. The market capitalisation of Morgan Sindall is £1,082,139,394.
Morgan Sindall has a price to earnings ratio (PE ratio) of 9.19.
This morning MGNS shares opened at 2,300p
Posted at 23/2/2024 09:23 by galeforce1
Great results as usual from this very well managed business. Growing order book, big jump in net cash and a nice rise in the dividend to 114p.
50% of the profits at MGNS are coming from Fit Out. No sign yet of the surge in this division easing off. But I suppose that has to happen at some point.
What has caused the biggish loss in Property Services? That's a surprise.
Posted at 22/2/2024 11:50 by master rsi
2,315p ( +100p / 4.51%)Morgan Sindall delivers "record" results for 2023; raises dividend
(Alliance News) - Morgan Sindall Group PLC on Thursday celebrated strong annual results and it increased its yearly dividend.

The London-based construction group delivered a "record" annual performance, with revenue up 14% to GBP4.12 billion in 2023 from GBP3.61 billion in 2022.

Beside its Property Services division swinging to an operating loss of GBP16.8 million from a profit of GBP4.3 million in 2022, all of Morgan Sindall's segments reported growth for the year. The firm added a "remediation programme" is on track to return the unit to profit in 2025.

This included another "market-leading" performance from Fit Out, which specialises in office space refurbishments, with operating profit up 38% to GBP71.8 million from GBP52.2 million.

Adjusted pretax profit increased to GBP144.6 million, 6.2% ahead of GBP136.2 million the prior year. Reported pretax profit was 69% higher at GBP143.9 million from GBP85.3 million.

Adjusted earnings per share rose 4.1% to 247.7p from 237.9p.

Morgan Sindall's total annual dividend was 114p, with a proposed final dividend of 78p. This is up 13% from the total 101p delivered to shareholders in 2022, which included a 68p final dividend.

As at December 31, the group had GBP461 million in net cash, up from GBP355 million at the end of 2022.

Morgan Sindall said that it had a healthy secured order book of GBP8.92 billion, up 5.4% from GBP8.46 billion a year before.

Looking ahead, the company said that slowing inflation and the chance of lower interest rates provides "a backdrop of confidence for the year ahead".

Chief Executive John Morgan said: "Despite facing market headwinds in the year and the disappointing losses in Property Services, the diversified nature of our operations and capabilities has allowed us to continue to make significant strategic and operational progress. In addition, our focus on positive cash flow together with our strong balance sheet has positioned us well to benefit over the long term from the opportunities available in our markets."
Posted at 25/10/2023 14:06 by willie99
Last year the div was paid on 26 Oct and the interim trading statement was 2 Nov.

This year the div will be paid on 26 Oct (same as last year), however their website just says the interim trading statement will be Nov… i.e. no precise date.

My thinking is that MGNS were planning to issue the trading statement on, or about, 2 Nov, but have postponed the date (without giving a new date) for some reason. In the current market, people assume the worst, and the share price falls.

I could be wrong, but it would be unusual for a company not to have a firm date for their Nov interim trading statement, when Nov is only six days away.

Does anyone have any other explanation for the sudden drop in SP?
Posted at 05/10/2023 16:49 by cruelladeville
AFAIK, MGNS has no exposure to HS2. Just caught up in the fallout. I expect.
Posted at 15/9/2023 19:55 by cruelladeville
True. MGNS still cheap though for a debt free high quality business with a growing order book? Bought in a few months ago at a shade under 1400p so I'm quite happy.
Posted at 22/8/2023 16:02 by thamestrader
What a great share this has been this year. Totally untroubled by the market chaos.
Posted at 25/7/2023 14:09 by cruelladeville
Nice to see a decent run in MGNS shares with the wider market going nowhere. 2000p here soon?
Posted at 14/7/2023 12:44 by galeforce1
It was good to see that surprise trading update at the end of June, telling us that Fit Out is making much more money than expected.

MGNS were expecting Fit Out to make about £44m a year. Presumably they now expect Fit Out to make more like £60m in 2023 and are seeing a much bigger order book.

The problem division at the moment must be housebuilding. As part of Partnership Housing and Urban Regeneration I think MGNS build about 2000 houses per year, mostly at the bottom end of the market. Sales activity must have stalled and prices weakened. I'm not sure how much housebuilding contributes to the bottom line.

Rising interest rates must also mean that the cash on the balance sheet is producing a useful yield. £300m at 2.5% would be £7.5m.
Posted at 30/6/2023 13:48 by cruelladeville
Good to see a decent short term share price performance here. Should continue to perform despite a toasted economy.
Posted at 14/7/2020 12:49 by jadeticl3
I am not sure whether this news and the sharp fall in MGNS share price are connected! Is this statement (in the above posting) good news or not?
Morgan Sindall share price data is direct from the London Stock Exchange

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