Michelmersh Brick Share Discussion Threads

[sebass] 04/4/2024 17:49

Not a fan of MBH LTIP plan management seem extremely generous with themselves

[drectly] 29/3/2024 10:44

Yes one yesterday and two the day before, all 591,000 shares at 96p. Maybe the reason for the price drop back after what seemed good / OK results, but why they are selling that amount the question. Happy holidays.

[jeanesy] 29/3/2024 10:21

Massive sell of 591k reported below bid.

[dudishes] 28/3/2024 11:48

G'day,

Inventory Ques? (maxar)

Not mentioned in results or previous. I guess not of concern.

Solid results.

cheers

[zangdook] 26/3/2024 07:33

Some, not all, AIM stocks if held for two years are exempt from inheritance tax.

[maxar] 26/3/2024 07:29

good results, however a slight concern about inventory levels. overall i'll take it.

drectly, may i ask you to elaborate on the IHT benefit? is it because it is listed on AIM?

[drectly] 26/3/2024 07:13

The results look good, but market reaction can surptise. Remains a safe looking long term hold with IHT benefit.

[xamf] 26/3/2024 07:11

EPS increases 11.6% to 11.91p.Net cash increases to £11 million. Great results.

[dudishes] 09/3/2024 14:07

Cheers W,

Agree, not exactly blazing.

Took a long at 93 (rotten spread).

cheers

[jeanesy] 04/3/2024 09:42

Where is that information from Waldron ?

[waldron] 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

[jeanesy] 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.

[malcolm caton] 27/2/2024 08:44

Read across from BRCK?

[jeanesy] 27/2/2024 08:37

why the sudden drop here ?

[xamf] 15/1/2024 19:39

It's lovely to see 100+ arrive so soon.

[jeanesy] 04/1/2024 09:37

this has had an amazing run since 75p

[xamf] 20/12/2023 09:45

Positive outlook/strong growth, no net debt, approx 5 % div and good momentum at present. What will 2024 bring?

[gemlotte55] 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.

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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:

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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).

[eeza] 20/11/2023 07:45

Lol !!

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

Edited earlier post.

[cwa1] 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.?

[eeza] 20/11/2023 07:27

Australian Retirement reduced - RNS

Edited

[drectly] 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.