Marshalls Share Discussion Threads

[trcml] 11/5/2022 09:40

In 2014, I wanted our back garden gravel redone with Marshalls paving. I found an approved installer who did a splendid job. At the time, Marshalls share price was in the region of £1.50 but I couldn't afford to spend a five figure sum on the garden and buy shares. Today, the paving still looks good, albeit needing cleaning and grout maintenance, Our house hasn't increased in value by anything like the rise in Marshalls' share price I'm glad we paved even though subsequently puppy has changed the overall appearance of the garden to her liking, but would've been delighted had I bought the shares and kept them long enough to experience >3 times capital gain. Not having followed M's fortunes it was only today that I have read about Marley: that should be a game-changer. Marley used to be known for floor tiles so I didn't know it was into roofing as well. I guess Marshalls have in mind that by supplying the roof tiles they can also get their more profitable paving bought so that the colours can be blended.

[gswredland] 11/5/2022 08:48

I don't think they are particularly good results and future uncertainty may hold them back?

[waldron] 11/5/2022 08:44

bATH


Put it down to the markets being in extreme fear

many companies reporting good results have also been penalised

see what happens during the day

take care and keep safe

chuckle and cheers

[waldron] 11/5/2022 08:34

Consensus

Mean consensus OUTPERFORM

Number of Analysts 8

Last Close Price 589,00 GBX

Average target price 832,50 GBX
Spread / Average Target 41,3%

High Price Target 880,00 GBX
Spread / Highest target 49,4%

Low Price Target 770,00 GBX
Spread / Lowest Target 30,7%

[waldron] 11/5/2022 08:31

Outlook

The Construction Products Association's recent Spring forecast predicts an increase in UK market volumes of 2.8 per cent in 2022 and 2.2 per cent in 2023, which is a modest reduction from the previous Winter forecast and reflects a more uncertain trading environment. The Group continues to operate in an inflationary environment and it remains confident that input cost increases can be passed on through the supply chain.

The Board remains focused on developing future growth opportunities, delivering the strategic objectives set out in the 5-year Strategy and realising the opportunities that the acquisition of Marley will bring to the Group. The Board is confident of achieving its 2022 expectations, which have been increased to include a material contribution from the acquisition of Marley.

[batham1] 11/5/2022 08:28

"The Board is confident of achieving its 2022 expectations", but the price falls again?!

[waldron] 11/5/2022 08:20

Frank Prenesti
Sharecast News

11 May, 2022 08:07

Marshalls revenue up against strong 2021 comparators

Landscaping products supplier Marshalls reported higher revenue in the first four months of the year against strong comparators in 2021 as people took on home improvement projects during Covid pandemic lockdowns.



Group revenue for the four months to April 30 rose 7% to £201m against the same period last year, supported by the successful implementation of price increases at the start of 2022.

Sales in public sector and commercial end market were up 14% to £137m and accounted for 68% of group revenue, with a strong new build housing market underpinning demand, Marshalls said on Wednesday.

Domestic end market sales fell 8% to £52m due to a fall in installer capacity in March and April, largely due to more holidays being taken in 2022 compared to 2021 when the country was in lockdown.

“The comparative picture is expected to progressively normalise during the remainder of the year,” Marshalls said.

“The Construction Products Association's recent spring forecast predicts an increase in UK market volumes of 2.8% in 2022 and 2.2% in 2023, which is a modest reduction from the previous winter forecast and reflects a more uncertain trading environment. The Group continues to operate in an inflationary environment and it remains confident that input cost increases can be passed on through the supply chain.”

[adrian j boris] 07/5/2022 07:02

Next AGM

11 May
2022
07:00:00

[lauders] 07/5/2022 02:39

Info was provided by "Simply Wall Street" gswredland.

Good to see the acquisition has been completed. Here's hoping it will prove to be another wise move: We will share more on our plans for the future of Marshalls plc in coming weeks and months, in the meantime it remains business as usual for all customers, suppliers and partners.

For those who love the "S" word:

[gswredland] 04/5/2022 12:09

When were these updated please r2oo?

[r2oo] 03/5/2022 22:29

Consensus forecasts updatedThe consensus outlook for 2022 has been updated.2022 revenue forecast increased from UK£630.1m to UK£758.0m.EPS estimate unchanged from UK£0.35 at last update.Basic Materials industry in the United Kingdom expected to see average net income growth of 36% next year.Consensus price target of UK£8.33 unchanged from last update.Share price fell 2.5% to UK£5.96 over the past week.

[lauders] 24/4/2022 08:58

Re: the "£24m investment in a new plant in St. Ives is well underway and on track to bring increased capacity and product choice in the market.", this may be of interest:



With an investment of £24m, Marshalls is expanding its operations at St Ives in Cambridgeshire, where we’ll be opening a dual block plant later this year. As Chief Operating Officer at Marshalls, I’ve been involved in the plans for this plant over a number of years, and I’m really looking forward to the first block coming off the press.

But, what does this cutting-edge technology consist of, and what does it actually mean for our customers, and for the hard landscaping market? In this article, I’ll share details of the technical capabilities of the new Marshalls dual block plant, as well as some of the benefits that our customers can expect to see by the end of the year.

The first of its kind in the UK

[lauders] 24/4/2022 08:37

The year ahead at Marshalls

The recent leadership changes come as we announced record financial results last month. We have seen strong trading in the first months of 2022 and our £24m investment in a new plant in St Ives is well underway and on track to bring increased capacity and product choice to the market. In addition, we have also announced that we have entered into a conditional agreement to acquire the entire issued share capital of Marley Group plc (Marley) at a value of £535 million.

Tagged on to the end of this news about "leadership changes":

[la forge] 07/4/2022 10:18

651.00 GBX -5.99%

[la forge] 07/4/2022 08:27

Michele Maatouk
Sharecast News

07 Apr, 2022 08:08

Marshalls raises £187m in accelerated bookbuild to help fund Marley deal



Landscape products manufacturer Marshalls said on Thursday that it has raised around £187m in an accelerated bookbuild to help fund the acquisition of roofing specialist Marley.



The company placed just over 28.8m shares at 650p each. This is a 6.1% discount to the closing share price on Wednesday.

Marshalls announced late on Wednesday that it had agreed to buy Marley from private equity firm Inflexion for £535m.

It said the deal would be financed through £371m in cash, which would be from a combination of around £187m from a firm placing and open offer and new debt financing, and 24,092,457 consideration shares expected to be issued to the sellers.

[la forge] 07/4/2022 07:52

Results of Accelerated Bookbuild

Marshalls is pleased to announce the results of the Capital Raising which was announced yesterday. 28,824,114 New Ordinary Shares are to be issued pursuant to the Capital Raising, at an issue price of 650 pence per New Ordinary Share (the "Offer Price"), raising gross proceeds of approximately GBP187m, subject to, inter alia, the Resolution approving the Acquisition being duly passed at the General Meeting which is expected to be held on 28 April 2022.

The Offer Price of 650 pence per New Ordinary Share represents a discount of 6.1% to the Closing Price of 692.5 pence per Ordinary Share on 6 April 2022 (being the day of announcement of the Capital Raising).

The 28,824,114 New Ordinary Shares to be issued pursuant to the Capital Raising are expected to represent 11.4% of the Enlarged Share Capital.

[waldron] 06/4/2022 18:00

Marshalls to acquire roof manufacturer Marley Group for GBP535 million

Wed, 6th Apr 2022 17:37
Alliance News

(Alliance News) - Marshalls PLC said on Wednesday it entered into a conditional agreement to acquire pitched roof system manufacturer Marley Group PLC for GBP535 million.

The Elland, England-based landscaping products company called the acquisition a "compelling strategic fit" which will accelerate its five-year plan to become the UK's leading manufacturer of products for the built environment.

It expects the acquisition to be double-digit earnings per share accretive in the first full year after completion.

The GBP535 million transaction

is on a cash free and debt free basis. GBP371 million will be financed by the combination of a GBP187 million placing and open offer as well as the issue of 24.1 million in consideration shares - worth around GBP164 million - to unnamed management sellers.

Peel Hunt and Numis Securities are acting as joint bookrunners for the placing.

The deal is expected to be completed on April 29, following the capital raise and general meeting.

Chief Executive Martyn Coffey said: "Marley is a highly profitable business with established market positions across UK RMI and new build housing. Much like Marshalls, its position is underpinned by a track record of product quality and customer service, and we believe Marley will represent a strong cultural fit with our own business."

Shares in Marshalls closed up 0.8% at 692.50 pence in London on Wednesday.

By Heather Rydings; [e-mail]

[grupo] 18/3/2022 13:00

Consensus



Mean consensus OUTPERFORM


Number of Analysts 7

Last Close Price 674,00 GBX

Average target price 834,17 GBX
Spread / Average Target 23,8%

High Price Target 885,00 GBX
Spread / Highest target 31,3%

Low Price Target 790,00 GBX
Spread / Lowest Target 17,2%

[waldron] 17/3/2022 08:04

Next AGM

11 May
2022
07:00:00

[waldron] 17/3/2022 08:01

Dividend

The Group maintains a progressive dividend policy of two times dividend cover over the business cycle. The aim of this policy is to increase returns for shareholders whilst at the same time recognising an appropriate degree of caution and stewardship.

The Board is now proposing a final dividend of 9.6 pence which, when combined with the interim dividend of 4.7 pence, gives rise to a total dividend for the year of 14.3 pence. This compares with adjusted earnings per share of 28.6 pence for the year ending 31 December 2021 and represents two times cover.

Outlook

Trading remains strong and has continued to improve since the start of the year, notwithstanding ongoing supply chain challenges. At the end of February revenues were up 13 per cent and order volumes up 5 per cent compared to the same period in 2021. Despite the terrible situation in Ukraine and the current geo-political uncertainties that prevail, the outlook for the construction market remains positive. This continues to be supported by strong forward indicators, particularly in our target markets in New Build Housing, Road, Rail and water Management.

Our strong market positions, focused investment plans and established brand underpin the Group's Business Strategy. We remain confident that our strategy will continue to deliver profitable long -- term growth and that we will be able to mitigate raw material shortages and cost inflation through the effective management of our supply chain.

Given the strength of recent and current trading the Board's expectations for the current year are now ahead of its previous view.

Martyn Coffey

[waldron] 23/2/2022 18:46

Financial Calendar

March
2022
01/03/2022 17:10:09

Next Preliminary Announcement

[waldron] 18/1/2022 09:37

(MT Newswires) -- Marshalls (MSLH.L) on Tuesday provided a rosy full-year 2021 outlook as revenue in 2021 jumped 26% year over year to 589 million pounds sterling ($803.7 million).

Domestic sales grew 30% to 167 million pounds, Public Sector and Commercial sales climbed 26% to 389 million pounds, and International sales were up 6%.

The board said it expects trading for the year ended Dec. 31, 2021, to be slightly ahead of previous guidance.