Marshalls Share Discussion Threads

[lauders] 28/5/2018 02:04

Marshalls said 42% of households with income over £50,000 were planning a drive or garden project in the next year.

Construction market growth is uncertain at between 0.2 and 1.7% in the next two years, while housing, the largest sector by value, is forecast to grow by 3% in 2018 and 2% in 2019. HS2 and rail are also growth sectors.



Still happy to hold.

[lauders] 10/5/2018 02:40

Trading update yesterday and not one post here! Wow. Anyway, the business looks very sound to me and if it were not for the British weather the news would have been very strong indeed. Can't see any reason to sell and move on and it is still a hold for me.

[lauders] 05/5/2018 06:25

Found the video where Jim Mellon mentioned MSLH at last!

Although I watched the whole video and like Jim the relevant part starts at 23.10 minutes/seconds in and is VERY brief. Still I agree with him and would ;-) A good gardening holding (security too which was not mentioned) for the ageing populations around the world. UK focused of course, but also other parts of the world like US.

[lauders] 19/4/2018 01:50

A nice rise towards the end of the day. Been a bit quiet at MSLH recently. Apparently Jim Mellon mentioned MSLH as one to hold not too long ago but I can't find it in writing anywhere. No worries. I intend to stick around anyway!

[lauders] 25/3/2018 07:14

Preview of MSLH's trade stand at this years RHS Chelsea Flower Show:



Will hopefully reward MSLH with even more orders/PR.

[lauders] 22/3/2018 15:24

I assume that MSLH is being hit by the weather and concerns about loss of business due to snow? When the snow melts their drainage products may prove useful.

[lauders] 14/3/2018 14:31

More news from the 12th March on the MSLH website too:

MARSHALLS NAMED A 2018 BUSINESS SUPERBRAND

“To be named as a Business Superbrand is a huge honour, and it is testament to the hard work and commitment from our 2,500 strong workforce.

“We are thrilled to have been awarded this accolade for the ninth consecutive year, and would like to thank all those who voted.”

The overall top 20 Business Superbrands for 2018 are:

1. Apple

2. BP

3. Microsoft

4. British Airways

5. Emirates

6. Google

7. PayPal

8. Shell

9. Visa

10. Mastercard

11. American Express

12. London Stock Exchange Group

13. Virgin Atlantic

14. IBM

15. JCB

16. Samsung

17. GlaxoSmithKline

18. Bosch

19. Barclaycard

20. Intel

[the grumpy old men] 14/3/2018 09:39

Dividends

Marshalls has strong cash generation and a robust balance sheet which underpins a progressive dividend policy aimed at achieving up to 2 times dividend cover over the business cycle. The Board is recommending a final dividend of 6.80 pence (2016: 5.80 pence) per share which, together with the interim dividend of 3.40 pence (2016: 2.90 pence) per share, makes a total ordinary dividend for the year of 10.20 pence (2016: 8.70 pence) per share, an increase of 17 per cent.

Given another strong performance in the year, the Board is also recommending a supplementary dividend of 4.00 pence per share for 2017 (2016: 3.00 pence). As previously, this supplementary dividend is discretionary and non-recurring. The payment of a supplementary dividend recognises the Board's objective of maintaining an efficient and prudent capital structure and providing increased returns for shareholders whilst at the same time retaining flexibility for capital and other investment opportunities.

Taken together, the ordinary and supplementary dividends represent an aggregate distribution for the year of 14.20 pence per share (2016: 11.70 pence). Subject to shareholders' approval at the Annual General Meeting on 9 May 2018, the final ordinary dividend of 6.80 pence per ordinary share and the supplementary dividend of 4.00 pence per share will be paid on 29 June 2018 to shareholders on the register at 8 June 2018.

Outlook

The Group has again delivered strong profit growth year-on-year. Good progress has been made in the year executing the 2020 Strategy, notably the acquisition of CPM, and the ongoing self help programme to drive organic growth is progressing well. The underlying drivers have remained positive in our main end markets and our sales and order intake have been strong in the first two months of 2018.

[lauders] 14/3/2018 09:22

Good to see that there is no obvious sell-off. Nice dividend & special too. All seems on track and positive.

[lauders] 13/3/2018 00:23

Unless the results are "mind-blowing" we are setting ourselves up for a "sell on the news" day tomorrow. Interesting recent action/strength though!

[lauders] 12/3/2018 11:29

Thank you Glaws2 :-)

[glaws2] 12/3/2018 10:44

Results due on 14th Lauders

[lauders] 11/3/2018 01:58

Of course the other reason for the recent recovery from below 400p to the current 440p area is that results are on the way and perhaps they will be positive? Final results for previous years have occurred on:

15th March 2017
11th March 2016
6th March 2015
26th March 2014
8th March 2013

So the chances are news this week and hopefully good news at that! GLA.

[lauders] 09/3/2018 12:26

Some news that may account for the recent strength to some degree:

Marshalls and Fairhurst Stone Merchants commence Commercial Partnership

[lauders] 27/2/2018 12:42

Been a bit quiet on the newsfront here for a while but MSLH have now issued one of their news pieces:

Marshalls has once again celebrated the quality and workmanship of its accredited landscape contractors at its prestigious annual award ceremony.

The Marshalls Register Awards held at St George’s Park, Burton-upon-Trent on Friday 23rd February, celebrated the best garden and driveway projects that were designed and installed by members of Marshalls’ National Register Scheme in 2017.

Matt Brockhurst of Brockstone Landscape Construction, based in Merseyside, was crowned ‘Marshalls Contractor of the Year’ after scooping the top prize for the ‘Best Patio over 40m2’ category, and was presented with a brand new Toyota Hilux pickup truck and a Cromwell natural stone trophy.

Congratulations to Matt Brockhurst and the fellow award winners.

[lauders] 02/2/2018 00:53

Interesting action on the chart at the end of the day. Wonder if it actually means any positive news is on the way? Seems that MSLH and the housebuilders have been under pressure recently. Carillion did not help sentiment here either I would think.

[lauders] 10/1/2018 12:41

Same here ryandj2222. Thought that the trend at the open may dictate the day and we would go down, but by the looks of it we may actually go the opposite way. Can't complain and steady as she goes here.

[ryandj2222] 10/1/2018 09:53

Happy with the report today - seems like things are continuing in the right direction for Marshalls.

[lauders] 21/12/2017 01:24

Interesting what can be found on the www when you take the time. Found this site which shows a "sample bill of lading" for a Chinese company (Gaoyi Ruitong Import And Export Trading) dealing in stone products to Marshalls US office. Seems business is good as a few of the blocked details show dates from last month and this month.
The sample one from this month.

The website for the Chinese company shows some nice products:

This is the ship mentioned:

[lauders] 01/12/2017 11:15

So Barclays give a lower target and it gets there pretty quickly! What a turn. Where next I wonder? Still think that MSLH is a good long term hold mind you.

[grupo] 27/11/2017 10:52

broker ratings
Marshalls plc 4.8% Potential Decrease Indicated by Barclays Capital

Posted by: Amilia Stone 27th November 2017 DIRECTORS TALK

Marshalls plc with EPIC/TICKER (LON:MSLH) has had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘UNDERWEIGHT’ today by analysts at Barclays Capital. Marshalls plc are listed in the Industrials sector within UK Main Market. Barclays Capital have set their target price at 429 GBX on its stock. This would imply the analyst believes there is a potential downside of -4.8% from today’s opening price of 450.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 23.7 points and increased 19 points respectively. The 1 year high stock price is 486.6 GBX while the 52 week low is 268.9 GBX.

Marshalls plc has a 50 day moving average of 458.03 GBX and the 200 Day Moving Average price is recorded at 402.07. There are currently 199,378,765 shares in issue with the average daily volume traded being 286,743. Market capitalisation for LON:MSLH is £903,783,917 GBP.

[sarkasm] 27/11/2017 08:50

liver Haill
WebFG News
27 Nov, 2017 08:39
Marshalls valuation does not reflect consumer risks - Barclays
Marshalls
441.90
08:33:52 27/11/17
-3.96%
-18.20
FTSE 250
19,915.50
08:34:27 27/11/17
-0.15%
-29.29
Construction & Materials
6,354.80
07:45 27/11/17
-0.55%
-35.16
FTSE 350
4,118.31
08:34:26 27/11/17
-0.07%
-2.90
FTSE All-Share
4,067.33
08:34:28 27/11/17
-0.07%
-2.87
Construction And Building Materials
0.00
16:17 25/09/06
0.00%
0.00

Marshalls has a number of opportunities to drive growth but its high valuation fails to fully reflect risks of being the most weighted towards the UK consumer in its sector, said analysts at Barclays as they began coverage of the building products sector.

Barclays gave the paving stone and tile supplier an initial 'underweight' recommendation and a 429p price target.

But while the FTSE 250 group has demonstrated its quality over the past five years, the closing price last week of 460p gave a valuation of more than 20 times earnings, which "fails to fully reflect the potential market risk given that Marshalls is one of the most weighted towards the UK consumer and one of the most operationally leveraged in the group".

The analysts also anticipate greater investment into capital expenditure will limit free cash flow expansion after a period of limited investment.

Furthermore, current volume outperformance is felt to have been "inflated by some company-specific points", which is expected to create a more challenging comparative in 2018.

[glaws2] 27/11/2017 08:28

Barclays initiates with an underweight recommendation.

[davr0s] 27/11/2017 08:14

Have I missed something ?!