|Michelmersh Brick Hldgs
||EPS - Basic
||Market Cap (m)
|Construction & Materials
Michelmersh Brick Holdings Share Discussion Threads
Showing 826 to 849 of 850 messages
|Word from the street is commercial construction projects have seen their largest slow down since 2012 - the 1st qtr of 2017 is going to be very grim indeed with lots of profit warnings and scaling back of revenue projections.
On another note I see the continued drip drip of selling here over the last few weeks has gathered apace and I do think we are in for fresh new multi year lows.
I have also noted the poster here who has flagged production problems in the tiling factory.
If it doesn't rain it pours.|
my retirement fund
|I will chase them up on Monday..........|
Be very grateful for your update from brokers as you seem close to this PLC, must be pretty simple for brokers to ring the company to verify my information which you where dismissive of.
Share prices slide over last few days shows me certain people aware of issues. Strange why no announcement from Cenkos.
There is a few short sells being place I see?|
|The brokers are now checking so one will have to wait.|
|I will speak with the brokers and tell them what an employee said to you this morning and post the answer.|
|May I suggest you go straight to the source.
Mr Mark Wall @Michelmersh.
Please also check with Elliots builders merchants.
Why do I know its true they just let me down on a big order of tiles.
The company should publish this on RNS but has covered it up.
Please check I would be delighted this is thrown in the open.|
|I have reasons to believe that the above story has no foundations to it.......and the company is investgating.|
|We will get to the bottom of this on Monday 28 November.|
|Does anyone know full details of What is the issue production issue regards the Romsey site having a broken manufacturing machine for roof the tile production.
Builder merchants can not get orders placed from Sept and this is not being advised to market by brokers Cenkos? Why no RNS statements.
Spoken to three builders merchants they can not fulfil orders for supply and give a time frame.|
|Taken from a brokers report.............
"the real potential is from the holes in the ground left once Michelmersh has cut its bricks. The sites can be turned over for residential development or, possibly even more lucratively, as landfill sites".
I remember Hanson taking over London Brick - just for the holes = the capital gain and the bricks = cash flow and profit. It all came to pass in the end.|
I remember the days when my farther bought bricks direct from London Brick but by the mid 70's that was stopped and brick selling was put in the hands of the wholesalers such as Travis P and others.
Dad switched as LB became slow in delivering and so better quality bricks were bought and the cost of the house went up and so did the sales price hence "the punter pays in the end". In a way some local builders merchants do push one brick to the detriment of other types and if I was a board member this is an area I would look at.
Otherwise a reasonable and well run business but in need of new blood and a take-over.|
|I disagree about its marketing and sales force argument.
Their brochures, website and samples department are as good as any of their peers.
They don't need a massive sales team as bricks are sold through specialist distributors (such as myself). We are well aware of the products MBH offers and promote them when the right job comes along.
I don't see a takeover on the cards but then I didn't see Persimmon making its own bricks so one never knows.
|Money speaks and dont forget there is another big City shareholder with a 15%+ stake and others like me who would sell at around 80p+.................
In any case the business is profitable its just not able to generate the growth to keep the share price going up and up and as night becomes day Eric will sell.|
|Oh hello, we have woken up. Is the business for sale? Does Eric want his entrepreneur's relief? He can always recycle it into something else for the death tax issue.|
|Ta, Anley. :-)
You may be right with your facts about the company ..... but, your conclusion?
Fwiw, my view is there's almost no chance of a takeover. The reason I say that is Eric Gadsden holds about 28% of the shares. The shares are traded on AIM, so Eric (who is getting on a bit now) won't have to pay inheritance tax. He's not going to sell out now, imo.|
|Because its marketing and sales force are not up to scratch in this competitive market.
There is the value of the assets to consider so I have bought again this morning.
And all the older shareholders have not made a decent return.....look at the past fundings - go to website and read all the past documents.|
Why do you think MBH could be taken over?|
|Large shareholders will want MBH to be merged/taken-over in 2017. I have said this on previous posts and repeat it again - a good share for 2017|
|MBH isn't large enough to have an impact on the industry. It is just affected by the likes of Ibstock and their pricing/manufacturing policy, be that negative or positively.
|Despite talk of depressed margins and Persimmons, market is buying IBST and ignoring MBH. It's beginning to make me think i have saddled up on the wrong horse, is it all the talk of prefabs that's pushing up IBST? They seem to have a product that works in that market but MBH are sticking to knitting by the looks of things so no prefab boost there. In the long run, i think all be ok, assuming houses get built on green space, brown space and hopefully one day outer space.|
|Ta, Stuart Little. Appreciate your insight. :-)|
|The brick industry has not shown any strength this year. I can buy bricks at prices less than I have been able to for a few years. One or 2 factories are on extended lead times but in general bricks are readily available and the manufacturers don't see that changing into 2017. They are not bothering insisting on forward ordering and schedules for 2017 as i have done for a few years now. I am well aware that MBH aren't directly affected by the Persimmons move, it's not their primary market, however if the market remains flat then you take out Persimmons 80-100m bricks next year then Ibstock, Forterra and Weinerberger will be forced to concentrate more on the specification side, which is MBH's market. Whilst I agree MBH has an excellent product, the others have decent factories too which produces specification style product. MBH will be ok, but I can see a squeeze on margins and lower dispatches next year. All in my opinion of course...
|It always comes down to price, especially in the mass market.
MBH will probably survive and do ok as a niche player/specialist, but the major players may well be impacted greatly by Persimmon's decision.|
|Bricks made with clay .V. Concrete blocks ..........that is what this debate is about + price.|