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MBH Michelmersh Brick Holdings Plc

99.50
-3.50 (-3.40%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Michelmersh Brick Holdings Plc LSE:MBH London Ordinary Share GB00B013H060 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.50 -3.40% 99.50 99.00 100.00 102.50 99.50 102.50 782,571 14:42:33
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Brick & Structural Clay Tile 68.38M 8.88M 0.0949 10.48 93.05M
Michelmersh Brick Holdings Plc is listed in the Brick & Structural Clay Tile sector of the London Stock Exchange with ticker MBH. The last closing price for Michelmersh Brick was 103p. Over the last year, Michelmersh Brick shares have traded in a share price range of 75.00p to 107.00p.

Michelmersh Brick currently has 93,516,114 shares in issue. The market capitalisation of Michelmersh Brick is £93.05 million. Michelmersh Brick has a price to earnings ratio (PE ratio) of 10.48.

Michelmersh Brick Share Discussion Threads

Showing 726 to 748 of 1300 messages
Chat Pages: Latest  40  39  38  37  36  35  34  33  32  31  30  29  Older
DateSubjectAuthorDiscuss
09/3/2016
09:52
taken the plunge with purchase of 10000.look good value ahead of results.
manrobert
01/2/2016
13:50
I sold when the price went above 100p, just too high for the company, and have bought back in today though fewer shares. Reassured to see all going well although talk of being able to "quickly satisfy market demand" may indicate the balance has moved away from the brick producers.

Regarding the PE, a good point. However cap. at this price is £65.5M. Planning consent should come for Charnwood (200 units), worth say £8 to £10M. Rest of Telford site left (15 acres sold in 2013 for £4.6M, I think there is about 90 acres left) which could bring in net £20 to £25M after remedial works over the next 10 to 15 years. Deduct those and the PE starts to look more reasonable (plus a small increase in revenue if/when Dunton starts operations). Plenty of execution risk of course - I can't help thinking the next downturn in the housing market can't be far away hence the modest purchase. Happy to hold - ready to run away.

alanrussell
01/2/2016
08:31
PE of 19 at 80p might have something to do with it and new brick supply coming on line from their competitors.
wjccghcc
01/2/2016
07:38
Yes, a welcome boost, with profits and cash better than market expectations, and a robust order book. I, for one, was a bit worried following the warning of a softening of the market in the previous trading statement in October. This one has a more positive ring to it, and I, too, am hoping for a bounce up in the share price.
caradog
01/2/2016
07:14
I am not sure why MBH had fallen 25% in January at one point but this should help reverse it...
davidosh
15/1/2016
13:05
A poster on lse i think mentioned an upcoming supply glut for bricks in the Uk. Coupled with slowing growth and potential contraction in uk construction might explain the share fall? Looks great value if one is bullish for construction, but I am not so will pass for now.
breaktwister
14/1/2016
13:55
Yes I am of the same opinion. I bought in at 86 a while ago. Debating whether to sell.
amoore70
14/1/2016
13:42
This share price slide has taken place with relatively high volumes - an alarming sign. Something is not as it should be IMHO - best avoided until it becomes clear what the problem is (unless you're feeling brave).
alanrussell
13/1/2016
09:58
Got stopped out at 77. I wont be buying back in. Last RNS was that they will beat market expectations. Was trading at 90+ before that RNS. First time ive seen a share drop 15% on a "will beat market expectations" RNS.
breaktwister
13/1/2016
09:25
Picked up a handful at 78 as a bit of a contrarian punt.
cwa1
12/1/2016
15:33
Why is this dropping? Don't see any news anywhere.
amoore70
08/1/2016
09:19
Back in again, looks good value under 90
breaktwister
22/10/2015
13:23
Axtually the trend line looks too strong and I predict a period of consolidation IMO. Will defo buy again if it dips to 85.
breaktwister
22/10/2015
13:12
We should see some support at todays price, clear trend line and fundamentals remain strong so I dont see any reason for this to break through support.
breaktwister
22/10/2015
09:37
I was very lucky. Sold out at 106.6 to raise cash for my ETO rights issue take up. Took a 12% profit.
Immediately, the share price started to drop following the recent statement. I had intended to go back in about now expecting to pay a premium as the share price was steadily rising at that point.
However, will now hold off for a few days to see what happens and whether the price starts to return back up. The directors here tend to be very realistic even pessimistic with forecasts so I expect to see the share price eventually return but could equally see the downgrade continue for a short time.
This is a good stock with a good long term future.

greek islander
20/10/2015
08:38
The softening market is presumably due to MBHs focus on the higher quality, specialist bricks that tend to be used in prestige projects and high-end London builds that have come off the boil in recent months.
caradog
20/10/2015
08:11
Below 90p this starts to get interesting. 85p could be a good buying opportunity if it gets there.
alanrussell
19/10/2015
07:08
Up 3.9% at the off, the spreads a bit wide at the moment. Expecting more buyers when that narrows. One to keep an eye on.
market sniper1
19/10/2015
06:59
MBH

Data will be updated in the next 48 hours but the stock is trading below the historical average.

Michelmersh Brick Holdings PLC

FORECASTS

2015 2016
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Cenkos Securities
20-07-15 BUY 3.80 3.70 1.00 4.50 4.40 1.20
Westhouse Securities [A]
15-12-14 UREV

2015 2016
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Consensus 3.80 3.70 1.00 4.50 4.40 1.20
1 Month Change 0.00 0.00 0.00 0.00 0.00 0.00
3 Month Change 0.00 0.00 0.00 0.00 0.00 0.00
Notes to forecasts
(15 Dec 2014) A flag refers to outlook.

GROWTH
2014 (A) 2015 (E) 2016 (E)
Norm. EPS % 21.80% 18.92%
DPS % % 20.00%

INVESTMENT RATIOS
2014 (A) 2015 (E) 2016 (E)
EBITDA £4.03m £5.10m £5.70m
EBIT £3.06m £m £m
Dividend Yield 0.00% 0.98% 1.18%
Dividend Cover x 3.70x 3.67x
PER 33.41x 27.43x 23.07x
PEG f 1.26f 1.22f
Net Asset Value PS 54.36p p p

market sniper1
19/10/2015
06:49
Michelmersh Brick
Trading Statement
RNS Number : 6105C
Michelmersh Brick Holdings PLC
19 October 2015

Michelmersh Brick Holdings Plc
("MBH" or the "Group")
TRADING UPDATE

Full year profit before tax likely to exceed market expectations

Michelmersh Brick Holdings Plc (AIM: MBH), the specialist brick manufacturer and landfill company, today reports to the market on a better than expected trading performance in the second half of the year to 31 December 2015, achieved through operating efficiencies, continued low energy costs and aided by the additional capacity from Freshfield Lane. Delivery volumes are below previous expectations as a result of a softening of the market, however average selling prices are ahead of those budgeted. As a consequence, the Group is likely to exceed the market expectations of profit before taxation for the year. The results for the full year are scheduled for release on 21 March 2015.



Enquiries:

Michelmersh Brick Holdings
Martin Warner, CEO
Stephen Morgan, Finance Director

market sniper1
19/10/2015
06:45
Mixed messages there. Profits ahead of market expectation, and announced over 2 months before year end. Sting in the tail, though, with the dreaded "softening of the market".
caradog
19/10/2015
06:34
MBH Michelmersh Bricks

Trading update this morning profits ahead of market expectations.

market sniper1
19/10/2015
06:16
TRADING UPDATE

Full year profit before tax likely to exceed market expectations

Michelmersh Brick Holdings Plc (AIM: MBH), the specialist brick manufacturer and landfill company, today reports to the market on a better than expected trading performance in the second half of the year to 31 December 2015, achieved through operating efficiencies, continued low energy costs and aided by the additional capacity from Freshfield Lane. Delivery volumes are below previous expectations as a result of a softening of the market, however average selling prices are ahead of those budgeted. As a consequence, the Group is likely to exceed the market expectations of profit before taxation for the year. The results for the full year are scheduled for release on 21 March 2015.

Interesting to see the date for their results release!!

cwa1
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