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MBH Michelmersh Brick Holdings Plc

94.20
-1.30 (-1.36%)
04 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Michelmersh Brick Holdings Plc MBH London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-1.30 -1.36% 94.20 16:35:09
Open Price Low Price High Price Close Price Previous Close
95.50 95.50 95.50 94.20 95.50
more quote information »
Industry Sector
CONSTRUCTION & MATERIALS

Michelmersh Brick MBH Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
03/09/2024InterimGBP0.01628/11/202429/11/202409/01/2025
26/03/2024FinalGBP0.0306/06/202407/06/202410/07/2024
05/09/2023InterimGBP0.01530/11/202301/12/202311/01/2024
29/03/2023FinalGBP0.029508/06/202309/06/202312/07/2023
06/09/2022InterimGBP0.01301/12/202202/12/202212/01/2023
30/03/2022FinalGBP0.02501/06/202206/06/202213/07/2022
07/09/2021InterimGBP0.011502/12/202103/12/202113/01/2022
27/11/2020FinalGBP0.02503/06/202104/06/202114/07/2021
03/09/2019InterimGBP0.011505/12/201906/12/201910/01/2020

Top Dividend Posts

Top Posts
Posted at 03/9/2024 09:46 by barnesian
Results down as expected in a very depressed building and repair market. Gross margins nearly maintained (36.2% v. 36.8%)so managing pricing well in depressed market.

Dividend up reflecting management confidence (and mine!) that the building and repair market will make a strong recovery in the medium term. MBH is very well positioned to take advantage of that. I definitely won't be selling at this price and I'm very tempted to add.
Posted at 03/9/2024 08:51 by techno20
Just topped up! Outlook statement is positive and increase in divi shows real confidence. Taking a two year view, with the new govt meaning business on increasing house built, reckon I won’t prove out of my mind! Broker slightly reduced TP to £1.60, suggests I’m not on my own!
Posted at 07/6/2024 15:09 by bertiebingo
Could be a nice positive story for MBH if they use better quality bricks to enhance the lookhttps://www.thetimes.com/uk/politics/article/labour-plans-new-towns-with-edwardian-mansion-blocks-and-tree-lined-streets-w7n6rf8f0#:~:text=Labour%20plans%20new%20towns%20with%20Edwardian%20mansion%20blocks%20and%20tree%2Dlined%20streets,-Angela%20Rayner%20releases&text=Labour%20is%20promising%20to%20cover,behind%20Michael%20Gove's%20design%20philosophy.
Posted at 04/4/2024 17:49 by sebass
Not a fan of MBH LTIP plan management seem extremely generous with themselves
Posted at 12/10/2023 09:10 by my retirement fund
Given Forts pain was in the brick department and they don't see an improvement and especially since they state brick despatches running 2009 levels. Couple that with MBH yet to report and couple that with a lot of MBH bricks being specialist, and not exclusively mainstream structural, so will be the last to slow down and last to recover
Posted at 11/10/2023 12:13 by riverman77
Obviously the read across from FORT hitting this today, but seems slightly unfair that this has fallen more than FORT itself! MBH has much stronger balance sheet with net cash and trading seems a bit more resilient too (at least based on the relatively upbeat outlook statement at the last interims).
Posted at 11/10/2023 09:53 by my retirement fund
Lots to go looking at Travis perkins read across. Building trade is starting to see huge deflation and shrinking margins. Double whammy for MBH, energy hedges set to be stupidly high too. MBH could post record losses. I hope it's got good banking relationships.
Posted at 05/9/2023 07:55 by m12rtn
Well that puts ibstock and forterra in second and third place only. MBH surprised me with those results I must say.
Posted at 17/8/2023 20:02 by tole
https://masterinvestor.co.uk/equities/undervalued-bricks-and-payment-services/Michelmersh Brick Holdings (LON:MBH) – Results Due Soon Offer Buying OpportunityWith its Interim Results to end June due to be announced on Tuesday 5th September, now may well be a good time to take another look at this brickmaking company.Capitalised at around £85m, this company is not only the UK's largest specialist brick manufacturer but it is also the fourth largest brick maker in the country.Established in 1997, the Haywards Heath-based company produces over 122m clay bricks and pavers each year.Operating at the premium end of the market, the company currently owns most of the UK's premium manufacturing brick brands.It has seven market leading brands: Blockleys, Carlton, FabSpeed, Freshfield Lane, Michelmersh, Floren.be and Hathern Terra Cotta.These divisions operate within a fully integrated business, combining the production of premium, precision-made bricks, pavers, special shaped bricks, bespoke Terra Cotta products and prefabricated brick components.The group also includes New Acres, a landfill operator, and seeks to develop future landfill and development opportunities on ancillary land assets.In the AGM Trading Update issued on 18th May the group stated that it had made a robust start to 2023, and combined with its balanced forward order book, it remains on track to meet full-year expectations.It continued to add to its quality forward order book with resilient order intake for its broad product portfolio from the group's loyal customer base and distributor relationships across its end markets, whilst production volumes have continued in line with expectations.The construction sector as a whole has obviously been impacted by higher interest rates tempering demand, however the company offset such effects by appropriate portfolio pricing to maintain an end market spread in its forward order book drawn from the social and specification housing, RMI, new build and commercial sectors. Analyst James Wood at Canaccord Genuity Capital Markets still rates the company as a Buy, fixing a Price Objective of 180p on the shares.His estimates for the current year to end December are for sales to have risen to £83.5m (£68.4m), while fractionally edging its adjusted pre-tax profits to £12.8m (£12.5m) for the period, leaving earnings at 10.4p (10.6p). while paying out an unchanged dividend of 4.3p per share.Wood sees a gently better year in 2024, with £85.7m revenues, £13.4m profits, 10.7p earnings and a 4.5p dividend.Those estimates put the shares out on a 35%-40% discount to its sector peers.That looks unjustified considering its robust control and management of costs.Last night the group's shares closed at 88p, still some way off my Target Price, however the quality of this group deserves a far better rating than it has currently, my price aim remains totally firm.(Profile 27.03.2023 @ 91p set a Target Price of 115p)
Posted at 16/8/2023 21:45 by drectly
Is it just a general market thing? anything related to building being shot with interest rates thought to be a bit higher and for longer. I like MBH, planned to buy more around 90p if there was the chance, but things to sell for cash down more, so sat on hands for a bit. Divi starting to give yield support at these levels, it should be safe if they have cash for buy backs.

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