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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 |
Date | Subject | Author | Discuss |
---|---|---|---|
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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