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MBH Michelmersh Brick Holdings Plc

99.00
1.00 (1.02%)
Last Updated: 09:00:01
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Michelmersh Brick Holdings Plc LSE:MBH London Ordinary Share GB00B013H060 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 1.02% 99.00 98.00 100.00 99.00 98.00 98.00 7,307 09:00:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Brick & Structural Clay Tile 68.38M 8.88M 0.0949 10.38 92.11M
Michelmersh Brick Holdings Plc is listed in the Brick & Structural Clay Tile sector of the London Stock Exchange with ticker MBH. The last closing price for Michelmersh Brick was 98p. Over the last year, Michelmersh Brick shares have traded in a share price range of 75.00p to 104.50p.

Michelmersh Brick currently has 93,516,114 shares in issue. The market capitalisation of Michelmersh Brick is £92.11 million. Michelmersh Brick has a price to earnings ratio (PE ratio) of 10.38.

Michelmersh Brick Share Discussion Threads

Showing 1276 to 1300 of 1300 messages
Chat Pages: 52  51  50  49  48  47  46  45  44  43  42  41  Older
DateSubjectAuthorDiscuss
09/3/2024
14:07
Cheers W,

Agree, not exactly blazing.

Took a long at 93 (rotten spread).

cheers

dudishes
04/3/2024
09:42
Where is that information from Waldron ?
jeanesy
04/3/2024
09:26
Earnings Release should clarify share price direction
waldron
04/3/2024
09:21
WE HEAR THERES TOO MANY BRICKS IN STOREAGE AND INSUFFICIENT DEMAND IN THE SECTOR

THE DOWN TREND MIGHT WELL CONTINUE

waldron
27/2/2024
09:02
yes i see malcolm. There has already been a significant pullback in the shareprice here though so im hoping it wont fall much further.
jeanesy
27/2/2024
08:44
Read across from BRCK?
malcolm caton
27/2/2024
08:37
why the sudden drop here ?
jeanesy
15/1/2024
19:39
It's lovely to see 100+ arrive so soon.
xamf
04/1/2024
09:37
this has had an amazing run since 75p
jeanesy
20/12/2023
09:45
Positive outlook/strong growth, no net debt, approx 5 % div and good momentum at present. What will 2024 bring?
xamf
22/11/2023
10:35
Tipped in stockooedia yesterday
gemlotte55
22/11/2023
10:34
Michelmersh owns and manufactures a range of premium brick brands in the UK and Belgium. The shares have halved from 2021 highs and there are obviously some cyclical concerns about the outlook for demand.

muelH5-EtfEemkW-vtLIEPWnfZGosggvk66Tcr6xvD_x8ty5zLe5OuG6ow0ZxqwLs6IhHfsc9h7D8d8m_kDCFqSf9LveLepUyUhZcDtOAvT58y9ibQ1XmsfcFaTnDmwp4Clg7t8qGO1jzD_-TStUx6k

However, half-year results were in line with expectations. I think this group’s premium positioning and exposure to the UK import market (which mostly involves products not available domestically) provides some differentiation from market heavyweights Ibstock (LON:IBST) and Forterra (LON:FORT).

Michelmersh’s accounts also look very strong to me, and I like the continued founder ownership:

PMXtJstr9AKX8U9PqB_C-sMtzcywIkjO66WDYrSEigUptM3iKDIolhq21jWxrGSUQ00x5vlsOkbJdcPeGRJst51-51q2cus0wkdCIt3bih2ZrdNGe159wQ_CQwWU_PGsrryq3lrkcRE88TbYYT0CkpE

Michelmersh shares currently trade just below book value and offer a 5% yield. I think they look good value.

Two other stocks from this sector in my screening results that I’d also consider are James Latham (LON:LTHM) and Epwin (LON:EPWN).

gemlotte55
20/11/2023
07:45
Lol !!

Yes you are correct - they seem to have had buyer's remorse.

Edited earlier post.

eeza
20/11/2023
07:37
Follows earlier reduction on 11 Nov.

Are you sure about that? It reads to me as if the 10/11 announcement...



...was an INCREASE from 3% to 4.5% by ARP Ltd.?

cwa1
20/11/2023
07:27
Australian Retirement reduced - RNS

Edited

eeza
15/11/2023
11:04
Agree it looks like someone has a load to reduce. Recent buys I have made, it has been easy to get shares. It is looking great value at present for a long term buy. I am sometimes right, but it often takes a long time for the market to agree.
drectly
15/11/2023
10:51
Tend to see that lag quite often between the larger and mid caps versus the smaller caps. The liquidity naturally plays a part. Some tentative early buying here. It looks like Berenberg have a wedge to offload at 79p. Have to see if the buying picks up for a possible move higher.

Plenty of bullish moves out there in these interest rate sensitive shares. The issue I have got is I don't know who is still going to warn on profits. Haven't seen shares react well to the warnings so it is all still intricate out there.

Still, it is nice to see positive moves, and if the buying picks up here or elsewhere, happy to have a go and jump on board any short term momentum.

All imo
DYOR

sphere25
14/11/2023
18:41
Does look good value.

Dipped my toe in today - seems to have missed out on today's euphoria.

FORT up 4% and IBST up 3.9%.

BWDIK

podgyted
11/11/2023
06:30
Bought in today at 78.5. I like BRCK too as both offer good fundamentals. However MBH has a closer spread and crucially no net debt position offering less downside risk.
I believe that interest rates have peaked and the construction sector is set for modest gains. Looking at downside risks 75p has historically provided strong support whereas BRCK is 20% lower around 40. Both are trading around 50% from their highs. As ever please DYOR.

xamf
22/10/2023
14:29
blueball

A 20p price would imply a P/E of 2 and a yield of 22%. :)

barnesian
22/10/2023
14:14
20p target price.
blueball
22/10/2023
11:54
Sitting duck trading below nav
aublune
12/10/2023
08:55
The share price, in theory, reflects the NPV of earnings over many years ahead.
The current lack of brick demand is a short term problem.
The likely longer term political future of the UK will contain a lot of demand for bricks!
This is a classic buying opportunity as some sellers take a myopic view.
Buy and hold. A value stock.

barnesian
12/10/2023
08:10
Given Forts pain was in the brick department and they don't see an improvement and especially since they state brick despatches running 2009 levels. Couple that with MBH yet to report and couple that with a lot of MBH bricks being specialist, and not exclusively mainstream structural, so will be the last to slow down and last to recover
my retirement fund
11/10/2023
19:41
I did add a few today, so a strong signal the drop has a way to go. I obviously think longer term the company is undervalued at the moment.
drectly
Chat Pages: 52  51  50  49  48  47  46  45  44  43  42  41  Older

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