We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | |
---|---|---|---|---|---|---|---|---|---|---|
-3.50 | -3.40% | 99.50 | 99.00 | 100.00 | 102.50 | 99.50 | 102.50 | 782,571 | 14:42:33 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Brick & Structural Clay Tile | 68.38M | 8.88M | 0.0949 | 10.48 | 93.05M |
Date | Subject | Author | Discuss |
---|---|---|---|
05/4/2013 15:06 | Well this is fun. Assets worth 60p/share, paying down debt quite quickly and a sale of 15 acres of land with planning permission with solicitors. Doesn't seem too bright to me to be selling £1 coins for less than 50p today. | shanklin | |
25/3/2013 12:51 | puffintickler, Fingers crossed you get proved right! Westhouse Securities has increased their price target from 60p to 61p. They are the house broker so hardly unbiased but it is a big gap to the current share price so maybe other people will take notice. Regards | c1d | |
25/3/2013 12:37 | I don't disagree with you c1d. The price/book ratio is still only around 50% reflecting lack of profitability to date. Once this turns around as the market picks up and interest payments fall (due to the reduction of debt from land sales) I can see this ratio picking up to over 80%. That translates to a 50%+ rise in share price without getting too toppy. | puffintickler | |
25/3/2013 08:52 | Although the share price is down - perhaps due to profit taking by those who have bought at around the lows - I can see (as others have already noted) plenty of positives in the results: - overall trading for the brick business in line with previously announced expectations - positive and seemingly sustainable positive cash flow resulting in reduction in net debt - increase in net assets - £3.35m moved from long term to current assets as expected to be converted into cash in next 12 months (which will make a good dent in the net debt figure). Given the above and the current share price trading well below my calculation of net assets (excluding intangibles) per share I am optimistic that the "jam tomorrow" will be delivered. | c1d | |
25/3/2013 08:38 | Compared with what I expected, the reduction in debt and being close to exchanging contracts on the ex-factory site were definite positives, the increase in financing costs was less ideal. Selling the ex-factory land and the first tranche of land to PSN will put a big hole in the debt. | shanklin | |
25/3/2013 08:18 | We weren't expecting big profits. We were expecting to break even. There was a loss in the first half. | cjohn | |
25/3/2013 08:16 | Results not what the market was expecting. No profit but generating cash. Promises of jam tomorrow as usual. | puffintickler | |
23/3/2013 19:54 | was it not in the deal where they are supplying them to persimmons to build the houses with | steven1404 | |
23/3/2013 11:26 | Are MBH's premium bricks likely to be a beneficiary of increased house build activity? Will there also be increasing activity in larger project build? | briangeeee | |
23/3/2013 08:13 | Well - we'll find out just how splendid (or not) on Monday; set your alarm! | gingerplant | |
22/3/2013 18:15 | Splendid neglected share with huge discount to tangible assets. | cjohn | |
21/3/2013 11:48 | A long way to go if house building volumes can recover to pre crash levels. | drewz | |
21/3/2013 11:41 | ....or good news expected on Monday. Either way, about time! | alanrussell | |
21/3/2013 11:19 | Obvious that this had to get a bounce on the back of the budget boost for house builders. | drewz | |
10/2/2013 12:25 | Yes, definitely. Once you start plugging in profit shares for the houses: what 40k per house? Is that reasonable? That would 7m + debt off the balance sheet for that one deal. Debt is the negative holding the share price back from appreciating to closer to tangible asset value, I think. | cjohn | |
08/2/2013 10:16 | CJohn Yes, IIRC the statement quoted a few posts back details the approach taken on land valuation. I certainly expect MBH's land valuations to have increased since 31-Dec-11 based on: - the "satisfactory final determination of the option price of its consented land in Telford" (this relates to the deal with PSN) - Telford & Wreakin Council acknowledging that the Telford property market is not as strong as it was 3 or 4 years ago and therefore that some of the contributions previously expected from PSN/MBH would have prevented this development going ahead - an improved property market over the last year giving rise to higher land values - this week's outline planning permission for up to 185 houses | shanklin | |
08/2/2013 10:04 | Hi Shanklin, I could find nothing more in past annual reports than already known here regarding valuation of the various plots of land. Regards CJohn | cjohn | |
07/2/2013 17:41 | Hi Alan from 28-Jan-10 identifies 90 acres of land that is subject to agreement with PSN. I am certain the existing factory site, part of which was the subject of the outline planning permission for up to 185 houses, is additional to that 90 acres. Cheers, Martin | shanklin | |
07/2/2013 16:44 | Yes, I think there are about 60 acres in total at Telford so this planning and the Pesimmon deal only addresses about half the land. | alanrussell | |
07/2/2013 16:16 | Alan I think they have a lot more land at Telford that they need to process before they would even be thinking of taking that route. Specifically the land that is subject to the agreement with PSN. This needs the associated quarry: - to be fully "mined" or whatever the appropriate terms is - to be filled with landfill - the land remediated so that it can be built on As I understand it, this is expected to take many many years to complete although parcels of land will become available for building on on a fairly regular basis. | shanklin | |
07/2/2013 16:10 | Mmmm. Declare the sale of housing land to be essential to keep the factory running, get councillors onside, get planning consent, sell site, wait a year and find that the factory is no longer viable, close it, sell what's left. Sound like a plan. | alanrussell | |
07/2/2013 15:34 | divi payments was stopped 3 years ago think that was the last one i got | steven1404 | |
07/2/2013 13:33 | Chairman's remarks in the past would indicate proceeds more likely to be used for acquisitions than dividends. | alanrussell | |
07/2/2013 13:22 | All in good time. Plenty of opportunity to buy cheap stock in the meantime as this is way off the inst's radar, even though it trades at barely half book value. | drewz |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions