Michelmersh Brick Share Discussion Threads

[envirovision] 26/8/2009 09:25

I can see this breaking 35p soon which case, the upside is left clear, this was £1.30 not so long ago. The thing is, as we know MBH will emerge into recovery with far less competion, a very good long term holding here imho.

[steven1404] 25/8/2009 20:42

not sure not heard anything

[bodgit] 25/8/2009 17:45

Any sign of that Telford planning application yet?

[envirovision] 17/8/2009 09:45

well todays RNS is a little more significant than would first appear. It inidcates that the company infact sees no cash flow problems and turnover problems what so ever and it has confidence to expand its markets, something you very rarely hear from any listed company at present, so there really is only one way things can go from here, upwards.

[envirovision] 06/8/2009 16:12

woosh, so whos on the offer and size?

[envirovision] 06/8/2009 16:06

Up she goes, anyone have level 2?

[envirovision] 06/8/2009 14:48

Yes that is a big issue, the big guys cant just go back to life as it was at the flick of a switch, MBH can, hehe

[shanklin] 06/8/2009 14:45

OK, I understod there was still a couple of month's production available. Just that buyers aren't interested in bricks from suppliers who have their kilns turned off and are therefore unable to deliver anything reliably beyond their current inventories.

The bigger issue is that AIUI circa 70% of the UK's brick-making capacity is mothballed, and arguably unlikely to ever be re-enabled, so at some point the survivors such as MBH are going to have massive pricing power.

[envirovision] 06/8/2009 14:39

No inside information, sorry, all i can say is de-stocking in the industry is over.

[shanklin] 06/8/2009 14:25

envirovision,

Strange you should turn up here on the highest volume day for ages.

Is this a coincidence or is there some inside information you would like to share with us?

Cheers, Martin

[envirovision] 06/8/2009 14:14

that was on my watch list but its now off as high enough for me. Have a look at WTM.

[steven1404] 06/8/2009 14:11

have a look at wcc a good safe bet to be in at the moment

[envirovision] 06/8/2009 14:09

I'm new, its been on my watch list most of the year, things can only get better as they say, a lot better!

[ed 123] 06/8/2009 14:07

I'm holding some. The improving housing market (seasonally adjusted housing starts were up 13% in Q1 2009 over Q4 2008) should be lifting demand for bricks. Q2 2009 data is due for release later this month. Also the lower gas prices should be helping with costs.

Comforting to see they secured funding for two years.

Submission of the Telford planning application could get things moving. Approval should be material.

[steven1404] 06/8/2009 13:56

some off us have been here for a long time

[envirovision] 06/8/2009 13:32

Hmm, I suspect this is going to take off pretty soon, im in, who else is in?

[bodgit] 23/7/2009 10:56

AGM Statement 21st May:

"The detailed planning application for residential consent on 16 acres of our
100 acre site at Telford, in partnership with Persimmon Homes, continues to
progress satisfactorily, albeit over a longer timescale than originally
anticipated. We anticipate that the application will be submitted within the
next two months."

Any sign yet of an application being made?

[shanklin] 16/7/2009 11:43

Article re MBH financing

[ladyfarmer] 22/4/2009 15:43

Good budget for MBH - both on building and landfill.

[luchan] 21/4/2009 13:53

Chaps,

don't hold here but many of the above posts miss the the point of what the management said along side the results. MBH have regained control of costs and are in a position to do well when the economy picks up. ie they will survive the recession.

The building industry was first into recession and will be the first out. Hence MBH will be first the queue to benefit from any upturn I will be watching and I'll be back with my cash in six/eight months.IMHO DYOR..

luchan.

[steven1404] 21/4/2009 11:07

seems to be upbeat in the market conditions albit we loose the final div but at least it keeps the cash flow free lets hope the budget helps out with house building

[bodgit] 21/4/2009 09:51

PUGUGLY, wcjan26 and alanrussell, thanks for comments. TBQH, I had expected worse. MBH look like they will survive - good. There is a way to go yet though and they have a history of rather positive spin on the sale to Persimmon and planning progress for Telford. Still, they have renegotiated debt and seem to have 'stabilised'. Onwards and upwards then? Good luck all.

[pugugly] 21/4/2009 09:45

wcjan26 & alanrussell - Agreed but only a very slight ray of light. I think I will still stay on the side. Better opportunities (imo) elsewhere.

[alanrussell] 21/4/2009 08:55

Something positive? Not a lot given the market in which MBH operate. No doubt the budget will proclaim help to the housing market but who believes that this will deliver real help in the foreseeable future.

However one interesting crumb of comfort(?) from the results:-

"The restoration of the initial 16 acres of land at Telford, which is under
option to Persimmon Plc, is now completed and the land will soon be ready for
development. Negotiations are being finalised with the local authority in
relation to S106 requirements, and in particular affordable housing levels to
produce a viable outcome for all parties in the current market. These
negotiations are progressing well and the Board anticipates that a further
announcement will be made shortly."

...... a viable outcome for all parties. Might this mean a renegotiated planning approval viable for Persimmon to take up the option albeit, no doubt, at a reduced price? Even at half the originally agreed price this would ensure MBH's survival for a number of years during which time the market will hopefully improve. Could explain the recent price rise. Could be the basis of the "opportunities" referred to in the results. Who knows? Time will tell.

[wcjan26] 21/4/2009 08:27

pug
their runaway inventory build problem has been checked and they have successfully renegotiated their banking covenants (a leak of this might explain the recent meteroic rise, given that the company's equity was priced to go bust a few weeks ago)