Michelmersh Brick Share Discussion Threads

[barnesian] 16/4/2025 11:36:40

FT today UK housebuilding risks being held up by brick shortage.

[c3479z1] 25/3/2025 19:06:09

difficult to see who could bid, bricks already an oligopoly, was it Forterra that initiated talks? but would have fallen at the Competitions authority sanction stage, though a new entrant from overseas or PE might push through if the competition authority is now to take a less strict line.

[gswredland] 25/3/2025 13:13:08

Yes and bring on that bid!

[barnesian] 25/3/2025 07:46:08

A steady increase in the dividend and no shocks or expensive expansions - tick.
Looks like it is ably managing the recent recession in building, and is well set for the expansion in building activity when it comes.

[drectly] 14/3/2025 12:02:47

I had the 25th as well, just hoping for a steady increase in the divi, no shocks or expensive expansions. They should be a good long term hold with always a chance they get taken over.

[barnesian] 14/3/2025 11:57:56

The latest RNS says that the final results will be announced on 25 March followed by an investor Conference Call.

[gswredland] 14/3/2025 11:44:31

Thanks alter

[alter ego] 14/3/2025 11:28:43

Final results next Monday

[1yellowjersey] 13/3/2025 11:17:32

MBH Retail Investor Call on Friday, 28 March at 10:00 (BST):

[red ninja] 29/1/2025 13:41:59

Alternative reason is buying due to Rachel backing Old Trafford redevelopment housing,
and Cambridge - Oxford corridor development is also promising more housing.

Also talk about streamlining planning.

Presumably we'll see this boost over the next few years.

[red ninja] 29/1/2025 12:16:17

The flurry of today's trades I am thinking is due to a tip ?

[c3479z1] 10/1/2025 12:32:23

2025 prospects increasingly opaque, wouldn't guarantee a return to growth. Can ride out turbulence given the balance sheet. takeover a possibility but uk bricks is already an oligopoly so might require a new entrant?

[barnesian] 10/1/2025 10:49:19

"For the full year to December 2024, the firm is expected to announce a fall in earnings of around a third when it releases results in March. This is largely due to the negative effects of heightened inflation and elevated interest rates on activity levels across the construction industry.

In 2025, however, the company’s bottom line is expected to return to positive growth. It is forecast to post a 24pc increase in earnings that puts it on a forward price-to-earnings ratio of around 10.

Furthermore, the firm has a solid financial position that should allow it to both overcome ongoing industry-related challenges and prosper as its operating environment gradually improves. Its net cash position, for instance, amounted to £4.1m at the time of its half-year results."

[bertiebingo] 10/1/2025 10:34:39

Needs a subscription, any insight into current trading and potential take out ?

[sphere25] 19/12/2024 10:39:17

650k bought at 102.7p

That clearly means the big sellers are STILL in the market halting any move higher. Not that it is a surprise in our markets, but this is the bit where I sit and watch abit closer to see.....or hope?....yes hope that further big trades hit for a clearing of sellers in one go.

Alot to hope for, but let's see if anything happens.

Come on, show us some whoppers.

I like whoppers, yes I do, yes I like whoppers.

All imo
DYOR

UPDATE: 12:05

So another block has been picked up today with a 339k print at 102.5p and a delayed print of 150k @ 104p. So activity is stirring a little. Any more for any more?

[red ninja] 02/12/2024 14:16:30

Vox Markets - 2/12/24

The Exchange with Laurence Hulse of Onward Opportunities

48:35 Michelmersh

[red ninja] 02/12/2024 14:06:32

Vox Markets - 2/12/24

The Exchange with Laurence Hulse of Onward Opportunities

48:35 Michelmersh

[red ninja] 24/11/2024 12:19:24

Investor's Champion podcast mentions Michelmersh Brick as one they like :-

[drectly] 23/11/2024 00:12:47

It can mean very strong sales, or it could be production issues. Not obvious from the results as looking forward, or maybe a bit of each.

[coolen] 22/11/2024 21:10:06

"...working closely with our customers on the expected timing of despatches."

Supposedly because orders exceed capacity. As bullish as it sounds ?

[c3479z1] 22/11/2024 11:28:53

fair report this morning, better than Ibst and fort's recent reports.

[gswredland] 22/10/2024 14:20:42

Should read across to here then!

[barnesian] 22/10/2024 09:10:46

Brickability. this morning, reported " the Group sees positive momentum, particularly in brick order intakes, which is contributing to a well-balanced forward order book for the second half of the year." A straw in the wind?