Michelmersh Brick Share Discussion Threads

[my retirement fund] 20/9/2016 15:37

I dont have any figures just a newspaper article I recently read.

[shauney2] 20/9/2016 11:08

I would also be interested where you got your figures from MRF.




Average prices increased by 13.5%, which chairman Eric Gadsden said was the first increase for six years. He also said that a generational oversupply of bricks had come to an end and the market was now reliant on increasing levels of imports.

“The current environment brings a new set of challenges with our stocks, and industry stocks, at an all-time low,” he said. “Bricks are no longer immediately available on demand.”

[anley] 20/9/2016 10:54

Short term I would be BUT where have you got your figures from please?

This is a punting stock and a take-over target so I am a buyer at some point especially bearish news.

[my retirement fund] 20/9/2016 09:41

Anyone concerned about the current oversupply of bricks in the market?

[anley] 04/8/2016 13:19

Moving as the Base Rate is cut and the market takes it as builders will want more bricks...........and so you can go on and on..........

[anley] 29/7/2016 16:34

The business is profitable and cash generative and supported by a strong and long-term asset base.

Quote from the Board today............

[nw99] 29/7/2016 15:52

Good buying today

[nw99] 25/7/2016 08:03

H1 EPS +4%, "well positioned for a stronger H2"

[anley] 12/7/2016 14:18

Someone has taken all the spare stock from the MM hence the move up today......is it the big shareholder?

[my retirement fund] 07/7/2016 16:32

I'm taking a view they look value longer term now.

I wonder if they export much - perhaps a question for you at the AGM ?

[anley] 07/7/2016 16:20

Next stop is the half yearly results towards the end of July.

[anley] 07/7/2016 16:19

Never call a bottom...........nevertheless I have just paid 52.5p for a few more and at these levels I shall keep on topping up as I like the product (I use it) like the assets and the cash flow/balance sheet and with a 21% holder in the background there may even be some consolidation in the brick world.

[my retirement fund] 07/7/2016 13:27

Im calling the bottom here and have taken a position and look forward to results and comments on 25th.

[5oletrader] 06/7/2016 11:53

Its an approximation old chap...

Equity / Diluted Shares in Issue - I also strip out intangibles etc.

Just a tweak on my own metrics - each to their own and all that.

[my retirement fund] 06/7/2016 11:16

Hmmm care to state how you base that figure?

[5oletrader] 06/7/2016 11:06

I make a diluted Book Value here of approx 57p... Bargain Prices!!!

[anley] 05/7/2016 13:47

They don't make land anymore.............

I have been in the house construction industry for over 40 years and what is happening today is another blip........ask Mr Pidley who sold a few of his developments last year and look at his balance sheet today......what a buy for the next few years..........then look at good house builders who use MBH bricks as they will be used today and for years to come until the pits run out of raw material........

Sorry but you are wrong medium term but right to be afraid short term - that is if you are a shareholder? ARE YOU?

I am sitting on my hands and will turn a buyer sooner rather than later.

[my retirement fund] 05/7/2016 13:15

Lol I remember when this was sub 20 pence and it wasn't to long ago! Anyone who is going to be building stuff in the next few years wont be doing it with expensive designer bricks and their main market comercial property is toast. It will be a good few years before that sector may pick up. As for there land bank pipeline also looks like toast.

[amoore70] 05/7/2016 09:03

Don't agree. The selling of all housebuilder type stocks is overdone in my opinion.

[my retirement fund] 05/7/2016 01:34

This could have a long way to fall

[tdog1975] 22/3/2016 13:20

Looks nice, so bought in this morning....GLA