Michelmersh Brick Share Discussion Threads

[barnesian] 17/11/2020 15:16

Agreed! I think your second point about the landfill value is very relevant.
To get the IHT benefit on AIM shares you have to hold for at least two years.
And only two of us are interested!

It really is under the radar. That's why I think it is such good value. One of these days, it will get noticed.

[barnesian] 17/11/2020 12:32

This really is a premium share in every sense of the word.

* A healthy growing capacity constrained market for bricks in the UK.
* A niche premium position with quality products, excellent reputation and brands that sustains a higher margin than the industry average.
* A healthy balance sheet
* High quality management

Market cap under £100m so ignored by the big boys - not worth the time researching.
Little news flow.
See how few comments there are on here!
So under valued.

Stockopedia StockRank of 94.

One to tuck away for steady above average growth in value I think.

Could soar if it gets more attention - perhaps when its market cap exceeds £100m (SP of 105p)?

[thewheeliedealer] 22/6/2020 21:15

Hi all,

My mate Peter @Conkers3 and myself did a Twin Petes Investing Podcast a few days ago and part of our discussion covers MBH which Peter C3 holds himself. We also chatted about loads of other Stocks and as always a fair bit of general Portfolio Management educational stuff. Anyway, if you use Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want TPI Podcast 25) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful,

Cheers, WD
@wheeliedealer

[shanklin] 12/5/2020 12:58

SP not doing so well since production re-started.

Seems a bit harsh.

[husbod] 18/2/2020 16:36

This one's on my watch list. Any holder any idea for today's rise and volume. Has it been tipped somewhere or a rumour perhaps?

[brummy_git] 18/2/2020 06:51

All the latest building products valuation multiples & KPIs can be found here

[dozey3] 26/1/2020 10:28

Good to see especially as I topped up last week. Might be worth adding BEG to the list though, just in case. Disclosure: I hold BEG too.

[cwa1] 06/12/2019 08:18

A little bit of what looks like retail buying early this morning. Has it been tipped somewhere? IC?

[my retirement fund] 24/10/2019 08:35

Well probably selling to reduce risk. Bang on! Who would want to be carrying risk when the reward looks far more sensible. Sometimes nothing beats cash in the bank!

[calijoe] 24/10/2019 08:30

So who do you think is buying? Maybe smart investors and/or institutions who realise the longer-term value?

The directors probably sold to reduce their personal risk and bank some tasty profits along the way – especially if they have some LTIP awards maturing

[my retirement fund] 24/10/2019 07:29

The directors selling !

[cwa1] 03/9/2019 07:15

First 30 second glance sounds promising:-

Commenting on the results, Martin Warner, Chairman of Michelmersh Brick Holdings Plc, said:

"Following a very strong first half in 2019, and with a robust order book, Michelmersh can look forward to steady trading for the remainder of the year. Stocks across the industry remain at historically low levels and the volume of imported products are increasing.

The Group's performance in the first half of 2019 has continued into the second half and, with the positive backdrop to our markets, the Board expects to exceed market expectations for the full year. "

[equitydev] 27/8/2019 12:31

Michelmersh highlighted (page 4) as a potential acquisition target in today's M&A related research report - UK plc ‘going for a song’.

hxxps://www.equitydevelopment.co.uk/2019/08/27/uk-plc-going-for-a-song/

[alanrussell] 09/8/2019 19:54

As a former holder I look in for time to time on MBH as I reckon there it is a sound business with many attractions for the investor, it just depends on the share price.

First look in a while and I see the drop at the start of the month. No RNS, maybe just the quirks of the summer markets, a one-off hefty sell and the price can drop. Now getting interested should the price drop below 80p.

Anyone a view on the drop and the price in general? With Brexit in the offing, or not, a little more patience may be rewarded.

[cwa1] 14/5/2019 07:29

Very solid:0

AGM Statement

Michelmersh Brick Holdings PLC (AIM:MBH.L), the specialist brick, land development and landfill company, announces that at its Annual General Meeting (AGM), which is to be held at 10.30 am today, Martin Warner, Chairman, will make the following statement:

"Trading in 2019 has been robust with production volumes in line with expectations. Forward sales have also been positive leading the Company to expect a first half weighting to its financial performance for the year as the overall capacity of the five plants within the Group is fixed. Initial performance indicates that the acquisition of Floren in February 2019 is proving a sound investment that will contribute to the Group's trading performance and strategic options moving forward. The Group's performance to date in 2019 gives the Board confidence in achieving expectations for the full year to 31 December 2019."

Pending approval by shareholders at the AGM, the final dividend in respect of the year ended 31 December 2018 of 2.14 pence per ordinary share will be paid on 28 June 2019 to members on the register on 24 May.

[shauney2] 13/5/2019 17:12

Should get a statement prior to the AGM tomorrow.

[cwa1] 10/5/2019 09:59

Been relatively frisky-by MBH's standards!-over the past few days. Long may it continue.