Michelmersh Brick Share Discussion Threads

[sphere25] 19/12/2024 10:39

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

Vox Markets - 2/12/24

The Exchange with Laurence Hulse of Onward Opportunities

48:35 Michelmersh

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

Vox Markets - 2/12/24

The Exchange with Laurence Hulse of Onward Opportunities

48:35 Michelmersh

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

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

[drectly] 23/11/2024 00:12

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

"...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

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

[gswredland] 22/10/2024 13:20

Should read across to here then!

[barnesian] 22/10/2024 08:10

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?

[bertiebingo] 18/10/2024 11:33

Yes given the UK is short of bricks and has to import

[zangdook] 18/10/2024 06:29

Odd they call it 'anti-trust' which aiui is a US term. If they mean competition, would buying up a specialised brick-maker like MBH really cause the CMA to make a fuss?

[bertiebingo] 18/10/2024 06:22

HOW about this for bringing a new meaning to the phrase 'bricking it'? An eagle-eyed devourer of listed UK company accounts gets in touch to flag an intriguing nugget buried in the half-year results of Forterra, the FTSE-100 manufacturer of bricks and concrete construction products.Published in July, the document disclosed that Forterra incurred a one-of f cost during the six months to June 30 of £2.6m "comprising professional fees associated with an aborted corporate transaction".No deal discussions were reported by Forterra during the period but I understand the multimillion pound charge related to a potential takeover of Michelmersh Brick Holdings, a smaller London-listed brick maker.A lawyer points out that £2.6m is a hefty sum for a deal that was never consummated. Forterra, which has a market capitalisation of £360m, is much larger than Michelmersh, which is valued at less than a quarter of that figure.The conclusion reached by some industry figures is that talks progressed to a detailed stage, but that antitrust considerations may have played a role in thwarting them.Forterra "declined to comment on speculation", while Michelmersh didn't respond at all.Bear in mind though that Blackrock has just increased its stake in Ibstock, another listed brick manufacturer, and I suspect it won't be long before the M&A impulse returns to the sector.

[bertiebingo] 18/10/2024 05:52

Hard to see why they thought they could buy a peer in an oligopoly market structure. Remediation of closing or selling plants would probably materially hurt the value creation of a deal.

[c3479z] 17/10/2024 21:26

according to city am today, FORT got very close to launching a bid for MBH in the summer but backed out over anti-trust concerns at the last minute.

[dgarvey] 03/9/2024 17:55

With a lowered price target of 170 and buy recomendarons after the results, this still has legs.

[yf23_1] 03/9/2024 16:00

Forecast (in IC) £81m in sales for 24. Good luck with that !

[my retirement fund] 03/9/2024 09:35

Revenues fall from 42M to 35M. That's shocking! Strong sell at this level.

[barnesian] 03/9/2024 08:46

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.

[techno20] 03/9/2024 07:51

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!

[sphere25] 05/7/2024 10:12

Persistent seller from 105p down to 96p here.

Just wondering if they might have cleared enough at these lower levels to allow a pop back over that quid mark. There has been a notable barrage of buying coming in since yesterday, which has picked up today. A few election bits of buying about in the market.

Berenberg still sat on the offer at 96p. At the moment, shares on offer at 96p have dried up - there has been alot on offer of late. Are they making some calls to see if sellers have more to lob or is this about to pop higher?

Followed this decent bout of buying in for a little random go at 96p.

All imo
DYOR

[bertiebingo] 07/6/2024 14:09

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.

[davebowler] 20/5/2024 07:33

Mentioned here...hTTps://investorschampion.com/channel/podcasts/episode-18-of-the-investors-champion-podcast