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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 Stock Type
Michelmersh Brick Holdings Plc MBH London Ordinary Share
  Price Change Price Change % Share Price Last Trade
1.00 1.02% 99.00 09:00:01
Open Price Low Price High Price Close Price Previous Close
98.00 98.00 99.00 98.00
more quote information »
Industry Sector
CONSTRUCTION & MATERIALS

Michelmersh Brick MBH Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
05/09/2023InterimGBP0.01530/11/202301/12/202311/01/2024
29/03/2023FinalGBP0.029508/06/202309/06/202312/07/2023
06/09/2022InterimGBP0.01301/12/202202/12/202212/01/2023
30/03/2022FinalGBP0.02501/06/202206/06/202213/07/2022
07/09/2021InterimGBP0.011502/12/202103/12/202113/01/2022
27/11/2020FinalGBP0.02503/06/202104/06/202114/07/2021
03/09/2019InterimGBP0.011505/12/201906/12/201910/01/2020
26/03/2019FinalGBP0.021423/05/201924/05/201928/06/2019

Top Dividend Posts

Top Posts
Posted at 12/10/2023 08:10 by my retirement fund
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
Posted at 11/10/2023 11:13 by riverman77
Obviously the read across from FORT hitting this today, but seems slightly unfair that this has fallen more than FORT itself! MBH has much stronger balance sheet with net cash and trading seems a bit more resilient too (at least based on the relatively upbeat outlook statement at the last interims).
Posted at 11/10/2023 08:53 by my retirement fund
Lots to go looking at Travis perkins read across. Building trade is starting to see huge deflation and shrinking margins. Double whammy for MBH, energy hedges set to be stupidly high too. MBH could post record losses. I hope it's got good banking relationships.
Posted at 05/9/2023 06:58 by barnesian
Good solid performance. Increased dividend. Focus on pricing and input costs. Benefit of diverse markets and close customer relationships.
I'm happy with this and await a turn round in the building industry in a couple of years time and a soaring share price. Need for patience.
Posted at 05/9/2023 06:55 by m12rtn
Well that puts ibstock and forterra in second and third place only. MBH surprised me with those results I must say.
Posted at 22/8/2023 08:09 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 17/8/2023 19:02 by tole
https://masterinvestor.co.uk/equities/undervalued-bricks-and-payment-services/Michelmersh Brick Holdings (LON:MBH) – Results Due Soon Offer Buying OpportunityWith its Interim Results to end June due to be announced on Tuesday 5th September, now may well be a good time to take another look at this brickmaking company.Capitalised at around £85m, this company is not only the UK's largest specialist brick manufacturer but it is also the fourth largest brick maker in the country.Established in 1997, the Haywards Heath-based company produces over 122m clay bricks and pavers each year.Operating at the premium end of the market, the company currently owns most of the UK's premium manufacturing brick brands.It has seven market leading brands: Blockleys, Carlton, FabSpeed, Freshfield Lane, Michelmersh, Floren.be and Hathern Terra Cotta.These divisions operate within a fully integrated business, combining the production of premium, precision-made bricks, pavers, special shaped bricks, bespoke Terra Cotta products and prefabricated brick components.The group also includes New Acres, a landfill operator, and seeks to develop future landfill and development opportunities on ancillary land assets.In the AGM Trading Update issued on 18th May the group stated that it had made a robust start to 2023, and combined with its balanced forward order book, it remains on track to meet full-year expectations.It continued to add to its quality forward order book with resilient order intake for its broad product portfolio from the group's loyal customer base and distributor relationships across its end markets, whilst production volumes have continued in line with expectations.The construction sector as a whole has obviously been impacted by higher interest rates tempering demand, however the company offset such effects by appropriate portfolio pricing to maintain an end market spread in its forward order book drawn from the social and specification housing, RMI, new build and commercial sectors. Analyst James Wood at Canaccord Genuity Capital Markets still rates the company as a Buy, fixing a Price Objective of 180p on the shares.His estimates for the current year to end December are for sales to have risen to £83.5m (£68.4m), while fractionally edging its adjusted pre-tax profits to £12.8m (£12.5m) for the period, leaving earnings at 10.4p (10.6p). while paying out an unchanged dividend of 4.3p per share.Wood sees a gently better year in 2024, with £85.7m revenues, £13.4m profits, 10.7p earnings and a 4.5p dividend.Those estimates put the shares out on a 35%-40% discount to its sector peers.That looks unjustified considering its robust control and management of costs.Last night the group's shares closed at 88p, still some way off my Target Price, however the quality of this group deserves a far better rating than it has currently, my price aim remains totally firm.(Profile 27.03.2023 @ 91p set a Target Price of 115p)
Posted at 16/8/2023 20:45 by drectly
Is it just a general market thing? anything related to building being shot with interest rates thought to be a bit higher and for longer. I like MBH, planned to buy more around 90p if there was the chance, but things to sell for cash down more, so sat on hands for a bit. Divi starting to give yield support at these levels, it should be safe if they have cash for buy backs.
Posted at 11/8/2023 10:28 by zangdook
Chris McVey of Octopus Investments talks about MBH (among others).




(Thanks to rivaldo on the RNWH board.)
Posted at 01/4/2023 06:27 by tole
https://masterinvestor.co.uk/equities/small-cap-catch-up-diagnostics-bricks-and-switches/Michelmersh Brick Holdings (LON:MBH) – Strong 2022 Results And A Resilient OutlookAnalyst James Wood at Canaccord Genuity Capital Markets reiterates his Buy rating on the brick manufacturing group's shares after last Wednesday's results announcement.His current year and prospective year estimates remain the same, except that he has upgraded his dividend projections to 4.3p for 2023 and 4.5p for 2024.However, he has now inserted his figures for the 2025 trading year, going for £88.4m sales, £14.1m profits, 11.2p earnings and a 4.7p per share dividend.He maintains his discounted cash flow valuation on the group's shares, giving a price objective of 180p.Over at Berenberg, their analyst Robert Chantrey has a 170p price objective on the shares.He believes that the £89m capitalised group's current rating is very cheap considering its long track record of delivery, its near-term resilience versus its peers and the strength of its balance sheet.Last night they closed at 93.5p, at which level I consider that they still offer excellent value.

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