Share Name Share Symbol Market Type Share ISIN Share Description
Michelmersh Brick Hldgs 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
  -1.50p -1.59% 93.00p 92.00p 94.00p 94.50p 93.00p 94.50p 96,379 15:20:35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 30.1 4.6 4.4 21.2 75.77

Michelmersh Brick Holdings (MBH) Latest News

More Michelmersh Brick Holdings News
Michelmersh Brick Holdings Takeover Rumours

Michelmersh Brick Holdings (MBH) Share Charts

1 Year Michelmersh Brick Holdings Chart

1 Year Michelmersh Brick Holdings Chart

1 Month Michelmersh Brick Holdings Chart

1 Month Michelmersh Brick Holdings Chart

Intraday Michelmersh Brick Holdings Chart

Intraday Michelmersh Brick Holdings Chart

Michelmersh Brick Holdings (MBH) Discussions and Chat

Michelmersh Brick Holdings Forums and Chat

Date Time Title Posts
05/9/201709:28MBH - The new name in handmade and specialist bricks.877
23/3/201507:51MICHELMERSH BRICK HOLDINGS95

Add a New Thread

Michelmersh Brick Holdings (MBH) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Michelmersh Brick Holdings trades in real-time

Michelmersh Brick Holdings (MBH) Top Chat Posts

DateSubject
24/9/2017
09:20
Michelmersh Brick Holdings Daily Update: Michelmersh Brick Hldgs is listed in the Construction & Materials sector of the London Stock Exchange with ticker MBH. The last closing price for Michelmersh Brick Holdings was 94.50p.
Michelmersh Brick Hldgs has a 4 week average price of 92p and a 12 week average price of 74.50p.
The 1 year high share price is 102.50p while the 1 year low share price is currently 45.50p.
There are currently 81,477,220 shares in issue and the average daily traded volume is 87,461 shares. The market capitalisation of Michelmersh Brick Hldgs is £75,773,814.60.
04/8/2017
10:59
alanrussell: Well I've been unable to resist the urge to take profit and have sold this morning. A 1p spread makes it fairly painless. Nothing wrong with the company, I just can't help feeling the share price is too high. It's up 80% in four months and I'm sitting on such a hefty profit that I'll kick myself if I let it slip away. Bad portfolio management no doubt, one should run the winners and cut the losers, but there you go. Should the price drop below 80p I would buy back in assuming nothing else has changed. Good luck to holders.
25/7/2017
19:48
alanrussell: All very interesting. Through last week the share price moved quietly up on no great volume until Friday when it hopped up on big volume. Yesterday dead quiet and today a jump on even bigger volume. FORT and IBST have drifted sideways on modest volume through this period so this is MBH specific. I thought it might have been results due but they are not scheduled until 4/9 despite being 25/7 last year. Odd that, perhaps the Carlton Main effect. So presumably someone thinks MBH are worth buying either on their trading or the acquisition. 1M bought over the last week, maybe tomorrow will bring a holdings RNS.
31/5/2017
08:57
alanrussell: Up 60% in 10 weeks, quite a performance. You would expect it to pause after the last surge. Goes XD Friday 3rd June so some fallback would not be surprising. DCLG announced a few days ago that house building in England is highest since 2007/8. Together with positive news from similar companies hopefully any fallback in the share price over the summer will be limited pending half-year results on 4th September.
16/3/2017
13:48
alanrussell: MBH was trading in the low 60s until October's cautious trading statement. Recent market conditions would suggest that the statement may well prove to be overly cautious. Monday's results should clarify. You would think decent numbers would send the share price back to about 60p. I normally don't buy immediately before results (way too risky - you never know) but have doubled my holding of late. The kiss of death most likely!
16/1/2017
20:45
alanrussell: Very reassuring news indeed. I was sufficiently encouraged to top up this morning and, having tapped the calculator for a while this evening, will probably add further tomorrow. The balance sheet is looking increasingly strong. Net assets at YE 2015 were 60.6 p per share (only 2.5m out of 49.2m were intangibles). To that is to be added the retained profit, £1m uplift from today's RNS and any revaluations pointing to about 70p per share. EPS for 2015 was 4.44p so heading towards a PE of 10. Not expensive. The sale proceeds announced today represent 3.3p per share (gross). Cash at half-year was 2.7m. Add cash generated since (note the last line in the RNS) and 2.68m less costs coming late summer, say 8+m. Dividend of 1p per share cost £812,000 so scope for hefty increase here. So cap £40m, profits about 4.5m, trading at 28% discount to sound assets, pension scheme defined contribution not final salary, progressive dividend policy, what's not to like? The usual of course. Trading in building materials is about as cyclical as you get. Just look at the share price history! Energy costs must be rising and with virtually no overseas sales no help from weak pound. And always the temptation to empire build although, in all fairness, the board have been admirable cautious (except that acquisition up north a few years back that has never been mentioned again). Indeed I would suggest the board is one of MBH's main assets. Also the October RNS that knocked the share price mentioned pressure on selling prices in 2016. No comment today presumably means the "little or no recovery in prices at the start of 2017" mentioned is still the position. Ren you mentioned developable assets. Telford is the main one, about 90 acres - 4.6 acres were sold in 2013 for 15m so work that out (allow for significant land restoration costs). Bovis are still selling away and more land will only be released as the clay is exhausted and followed by landfill so to be spread over many years. Charnwood is the other of note. MBH was going for pp for 200 houses but now wants to continue working the site for the foreseeable future - last years final results talk of 12 years supply of clay so again very long term. Bear in mind that while the ex-clay extract sites achieve pp fairly readily as brownfield sites, they are only brownfield when exhausted so little chance of a takeover targeting quick realisation of development value. One for the patient I would say.
03/1/2017
14:07
ed 123: Took a look at the longer term chart. The share price has fallen to the lowest price since September 2013. Further doubts about issues aired in the October 2016 trading update? Energy costs heading higher with fall in Sterling - though a lower Sterling should help with competing imports of bricks. Results not till 20 March 2017, so a bit of an information vacuum atm.
10/11/2016
12:27
anley: 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.
01/2/2016
07:38
caradog: Yes, a welcome boost, with profits and cash better than market expectations, and a robust order book. I, for one, was a bit worried following the warning of a softening of the market in the previous trading statement in October. This one has a more positive ring to it, and I, too, am hoping for a bounce up in the share price.
22/10/2015
10:37
greek islander: I was very lucky. Sold out at 106.6 to raise cash for my ETO rights issue take up. Took a 12% profit. Immediately, the share price started to drop following the recent statement. I had intended to go back in about now expecting to pay a premium as the share price was steadily rising at that point. However, will now hold off for a few days to see what happens and whether the price starts to return back up. The directors here tend to be very realistic even pessimistic with forecasts so I expect to see the share price eventually return but could equally see the downgrade continue for a short time. This is a good stock with a good long term future.
28/9/2015
21:53
alanrussell: I see Ibstock have announced plans to float in October. Presumably this has something to do with today's rise in MBH share price. What can we deduce from this news? Well the brick market is in fine fettle (not exactly news) so the numbers in the IPO prospectus will look attractive, in all probability why the private equity owners are floating now. The other conclusion, if numerous other IPOs are anything to go by, is that they judge the brick market is about to turn down so intend exiting now and leave the new shareholders to find out if that is the case. Food for thought fellow shareholders.
Michelmersh Brick Holdings share price data is direct from the London Stock Exchange
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V: D:20170924 12:22:17