Michelmersh Brick Share Discussion Threads

[barnesian] 05/9/2023 06:58

Good solid performance. Increased dividend. Focus on pricing and input costs. Benefit of diverse markets and close customer relationships.
I'm happy with this and await a turn round in the building industry in a couple of years time and a soaring share price. Need for patience.

[m12rtn] 05/9/2023 06:55

Well that puts ibstock and forterra in second and third place only. MBH surprised me with those results I must say.

[m12rtn] 04/9/2023 06:54

Fair play to the company. Even if the results turn out to be not too exciting tomorrow they still have the money to buy shares to take out of circulation.

[1yellowjersey] 22/8/2023 08:09

Michelmersh have today announced that it will be hosting its retail investor conference call at 10:00 (BST) on the Friday 8th of September.

For more information and to sign up please follow this link:

[m12rtn] 21/8/2023 07:04

Well the company is paying 25 to 30k a day on share buy back, cashflow can’t be all that bad here.

[my retirement fund] 18/8/2023 13:50

What a chart, back to 2005 levels - Basket Case Brexit Britain !

[tole] 17/8/2023 19:02

https://masterinvestor.co.uk/equities/undervalued-bricks-and-payment-services/Michelmersh Brick Holdings (LON:MBH) – Results Due Soon Offer Buying OpportunityWith its Interim Results to end June due to be announced on Tuesday 5th September, now may well be a good time to take another look at this brickmaking company.Capitalised at around £85m, this company is not only the UK's largest specialist brick manufacturer but it is also the fourth largest brick maker in the country.Established in 1997, the Haywards Heath-based company produces over 122m clay bricks and pavers each year.Operating at the premium end of the market, the company currently owns most of the UK's premium manufacturing brick brands.It has seven market leading brands: Blockleys, Carlton, FabSpeed, Freshfield Lane, Michelmersh, Floren.be and Hathern Terra Cotta.These divisions operate within a fully integrated business, combining the production of premium, precision-made bricks, pavers, special shaped bricks, bespoke Terra Cotta products and prefabricated brick components.The group also includes New Acres, a landfill operator, and seeks to develop future landfill and development opportunities on ancillary land assets.In the AGM Trading Update issued on 18th May the group stated that it had made a robust start to 2023, and combined with its balanced forward order book, it remains on track to meet full-year expectations.It continued to add to its quality forward order book with resilient order intake for its broad product portfolio from the group's loyal customer base and distributor relationships across its end markets, whilst production volumes have continued in line with expectations.The construction sector as a whole has obviously been impacted by higher interest rates tempering demand, however the company offset such effects by appropriate portfolio pricing to maintain an end market spread in its forward order book drawn from the social and specification housing, RMI, new build and commercial sectors. Analyst James Wood at Canaccord Genuity Capital Markets still rates the company as a Buy, fixing a Price Objective of 180p on the shares.His estimates for the current year to end December are for sales to have risen to £83.5m (£68.4m), while fractionally edging its adjusted pre-tax profits to £12.8m (£12.5m) for the period, leaving earnings at 10.4p (10.6p). while paying out an unchanged dividend of 4.3p per share.Wood sees a gently better year in 2024, with £85.7m revenues, £13.4m profits, 10.7p earnings and a 4.5p dividend.Those estimates put the shares out on a 35%-40% discount to its sector peers.That looks unjustified considering its robust control and management of costs.Last night the group's shares closed at 88p, still some way off my Target Price, however the quality of this group deserves a far better rating than it has currently, my price aim remains totally firm.(Profile 27.03.2023 @ 91p set a Target Price of 115p)

[makinbuks] 17/8/2023 08:47

Several tipsters like it

[drectly] 16/8/2023 20:45

Is it just a general market thing? anything related to building being shot with interest rates thought to be a bit higher and for longer. I like MBH, planned to buy more around 90p if there was the chance, but things to sell for cash down more, so sat on hands for a bit. Divi starting to give yield support at these levels, it should be safe if they have cash for buy backs.

[makinbuks] 14/8/2023 10:16

Good interview, very interesting to see this below 90p. Guess CEO leaving is the latest cause of weakness

[zangdook] 11/8/2023 10:28

Chris McVey of Octopus Investments talks about MBH (among others).




(Thanks to rivaldo on the RNWH board.)

[cwa1] 11/7/2023 16:12

Respectfully, I don't think that has ANYTHING to do with it. Went XD on 8th of June!

[m12rtn] 11/7/2023 16:05

My guess is that the divi is paid tomorrow so cash is out the business hence the fall.

[my retirement fund] 11/7/2023 15:37

Back to 20 pence

[m12rtn] 11/7/2023 10:08

Even the broker doing the share buy back didn't foresee this, could of got the buyback much cheaper if they waited!

[alter ego] 11/7/2023 08:37

Probably because Fortera trading update expects significant fall in revenue

[jeanesy] 11/7/2023 08:26

Not sure what has prompted this mornings sell off ?

[drectly] 20/6/2023 19:48

I added some more yesterday, there did seem a shortage of sellers. Orders took a while to be taken up, even small orders were not be filled without delay. Based on yield alone the price seems to be providing a good buying opportunity. But my timing is not always great.

[jeanesy] 20/6/2023 19:41

Shares showing some recent positive strength

[barnesian] 11/6/2023 17:51

Good time to invest