Michelmersh Brick Share Discussion Threads

[dgarvey] 03/9/2024 18:55

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

[yf23_1] 03/9/2024 17:00

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

[my retirement fund] 03/9/2024 10:35

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

[barnesian] 03/9/2024 09:46

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 08:51

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 11:12

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 15:09

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 08:33

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

[bertiebingo] 16/5/2024 08:16

Check out the annual report. 2.25m were bought back to "return value to shareholders and also to reduce the impact of share dilution". They bought back £1.9m (23), £1.5m (22). 2m LTIO options were therefore cancelled in Nov 22 & converted into cash settlement.

[arthur_lame_stocks] 15/5/2024 15:37

Does anyone know what the £1.8m cash spent on buying back share options is all about? I'm sorry I couldn't find it in a RNS.

[drectly] 25/4/2024 18:08

Anyone aware why the drop late afternoon, other than I bought some more in the middle of the day. Last years results looked OK, although probably stock build may have saved the earnings and at some point you have to sell more or stop producing as much.

[sebass] 04/4/2024 17:49

Not a fan of MBH LTIP plan management seem extremely generous with themselves

[drectly] 29/3/2024 10:44

Yes one yesterday and two the day before, all 591,000 shares at 96p. Maybe the reason for the price drop back after what seemed good / OK results, but why they are selling that amount the question. Happy holidays.

[jeanesy] 29/3/2024 10:21

Massive sell of 591k reported below bid.

[dudishes] 28/3/2024 11:48

G'day,

Inventory Ques? (maxar)

Not mentioned in results or previous. I guess not of concern.

Solid results.

cheers

[zangdook] 26/3/2024 07:33

Some, not all, AIM stocks if held for two years are exempt from inheritance tax.

[maxar] 26/3/2024 07:29

good results, however a slight concern about inventory levels. overall i'll take it.

drectly, may i ask you to elaborate on the IHT benefit? is it because it is listed on AIM?

[drectly] 26/3/2024 07:13

The results look good, but market reaction can surptise. Remains a safe looking long term hold with IHT benefit.

[xamf] 26/3/2024 07:11

EPS increases 11.6% to 11.91p.Net cash increases to £11 million. Great results.

[dudishes] 09/3/2024 14:07

Cheers W,

Agree, not exactly blazing.

Took a long at 93 (rotten spread).

cheers

[jeanesy] 04/3/2024 09:42

Where is that information from Waldron ?

[waldron] 04/3/2024 09:26

Earnings Release should clarify share price direction