Michelmersh Brick Share Discussion Threads

[davidosh] 05/7/2011 08:33

From the Persimmon results this morning....

"We continue to invest in high quality land, which will support both the improvement in the Company's profitability over the medium term and an expansion in legal completions as and when market conditions allow. During the last six months we have acquired c. 7,500 plots of land, c. 36% of which have been secured through successfully converting strategic land positions. Notable successes have been c. 800 plots at Gatwick in the South East and c. 200 plots at Whinmoor in Leeds, West Yorkshire. These anchor sites will deliver superior returns for the business in the coming years"




About time they got the cheque book out for Telford then ?

[envirovision] 13/6/2011 08:12

Good point, so often they whisper some figure under their breath at a meeting years ago that no one went to and then try to pretend every man and his dog have the slightest clue what the hell they are talking about.

[puffin tickler] 13/6/2011 07:55

If anyone is going to the AGM you might like to ask MBH not to give statements that say how well they are doing or expected to do against budget but say how well they are doing (operationally and like for like or course) versus the previous year.

Budget figures have absolutely no meaning to investors, we have absolutely no idea if the budget is challenging, easy to beat, realistic or pie in the sky. This type of statement could easily be interpreted as indicating that management are hiding figures that would disappoint the market.

[envirovision] 13/6/2011 07:44

Subject:
Date: Mon 13th Jun 2011 7:32:10
Region:
Market sector:
Company: Michelmersh Brick Holdings PLC


DJ Michelmersh Brick: Group Sales Volumes Ahead Of Budget For Year To Date


LONDON (Dow Jones)--Michelmersh Brick Holdings PLC (MBH.LN), the specialist brick, land development and landfill company, Monday announced that sales orders, despatches and production activity continue to be strong at all its sites, particularly Freshfield Lane and Blockleys where some products are subject to extended delivery schedules, adding that Group sales volumes are ahead of budget for the year to date.

MAIN FACTS:

-As an industry, however, maintaining margins in the light of increasing energy prices is a key challenge.

-Michelmersh Brick continues to direct its efforts towards ensuring that costs are well controlled.

-Having successfully completed the integration of Freshfield Lane into the Group, focus now is to maximize margins across the business; As well as further improving and honing current product range Group intends to develop a number of new products which will sell at premium prices.

-The restructured Blockleys works is performing well with strong prices and Terracotta business continues to attract strong demand for its specialist products.

-Has had success with new products, such as Anthracite bricks, at The Downs, Wimbledon and Comus Place, London, SE17, both high quality residential schemes.

-Continues to see major changes within the industry and will be watching these closely for potential opportunities to develop business whether organically or by acquisition.

-Shares closed Friday at GBP0.32 valuing the company at GBP18.63 million.

[davidosh] 31/5/2011 10:50

Yes and mentioned on TMF too...

[rockafella2] 31/5/2011 10:30

Upcoming event this Thursday -

[envirovision] 13/5/2011 00:22

Thanks shanklin.

[shanklin] 11/5/2011 08:43

Don't have the whole note, but there's a bit more text on MBH in last night's Stock Market Report from UK-Analyst, as follows:

"Arbuthnot initiated coverage on Michelmersh Brick Holdings (MBH) with a "strong buy" rating and 64p target price. Commenting on the group following full-year results, the broker said the current share price does not reflect the potential significant upside as and when the group participates in the further consolidation/restructuring of the UK brick industry. That said, with management to date delivering both organic and acquisitional growth, Arbuthnot believes there will be a significant increase in profitability going forward. Michelmersh shares were untouched at 36p."

[davidosh] 09/5/2011 16:14

That is almost double the current share price so it should get some of their clients interested.

[envirovision] 09/5/2011 16:08

Will be interesting to read to full note if anyone has access to it yet ?

[shanklin] 09/5/2011 16:05

Michelmersh Brick started with strong buy rating at Arbuthnot, target price 64p.

[felix99] 23/4/2011 13:17

Yes Ennstone as was . I think I sold at 8-12p . Had a haircut but not the full brazilian fortunately!

[ed 123] 23/4/2011 12:02

FELIX99

Ennestone?

Vaughn only seemed to know aggressive growth. The business was positioned badly for the downturn - struggled, then stumbled, then died. (Resurected as a new company - Ennstone ordinary shareholders not happy!)

envirovision

Eric Gadsden is chairman of Michelmersh Brick.

[envirovision] 22/4/2011 13:49

Who is Eric?

[maxcashflow] 11/4/2011 08:19

Thanks Felix. Search works great :-)

[felix99] 10/4/2011 22:42

just type MBH into the EPIC box above to go to the MBH threads. Go in via that where new thread is listed and its ok . I had same problem with that link .

[maxcashflow] 10/4/2011 22:10

envirovision - it does not work. When I click on the link I get:

"This premium feature requires a subscription upgrade.
Please choose an appropriate subscription from the list below."

Cheers, Max

[felix99] 10/4/2011 19:06

I had fun with these years ago and bought back at 32p or so a few months ago . I tried one of Erics other plays at the time -can't recall stock but think it went bump

[felix99] 10/4/2011 19:04

Ok got here via a search . Your link just tells u that you need to upgrade to premium sub

[envirovision] 10/4/2011 17:34

Hello Felix99 its open to all, to use the new MBH thread you just need to go to the thread and post as you normally would, you dont need to be a premium BB member because the thread is set up to allow non premium users to also read it and post there hope that helps:

[felix99] 10/4/2011 15:05

its a premium BB so how is everyone welcome :-)

[envirovision] 09/4/2011 18:10

MBH, quite as a mouse & overlooked, not a pip squeek in the press.

Fib levels clearly showing next targets for support/resistance.


20 Day, 50 Day and 200 Day Moving averages all smashed