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 Shares Traded Last Trade
  -2.50 -2.22% 110.00 1,347,285 15:54:13
Bid Price Offer Price High Price Low Price Open Price
108.00 112.00 111.50 109.50 111.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 46.32 6.44 5.78 19.0 101
Last Trade Time Trade Type Trade Size Trade Price Currency
16:13:27 O 93,500 108.00 GBX

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Date Time Title Posts
04/9/201912:12MBH - The new name in handmade and specialist bricks.938

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Michelmersh Brick (MBH) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-10-22 16:15:00108.0093,500100,980.00O
2019-10-22 16:15:00111.00100,000111,000.00O
2019-10-22 15:13:28108.802,6312,862.53O
2019-10-22 14:51:50108.662,0002,173.10O
2019-10-22 14:27:45108.605,6006,081.60O
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Michelmersh Brick (MBH) Top Chat Posts

Michelmersh Brick Daily Update: Michelmersh Brick Holdings Plc is listed in the Construction & Materials sector of the London Stock Exchange with ticker MBH. The last closing price for Michelmersh Brick was 112.50p.
Michelmersh Brick Holdings Plc has a 4 week average price of 98p and a 12 week average price of 80p.
The 1 year high share price is 115p while the 1 year low share price is currently 73.50p.
There are currently 92,065,647 shares in issue and the average daily traded volume is 690,239 shares. The market capitalisation of Michelmersh Brick Holdings Plc is £101,272,211.70.
investorschampion: Impressive interim results and positive outlook lift the share price. This IHT qualifying company ticks many boxes for investors, including a high yield a low price-earnings-to-growth ratio. Read our research here hxxps://
alanrussell: 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.
masurenguy: Paul Scotts opinion. "These numbers look good, but the growth in revenues and gross margin seems to have come from a big acquisition. Forecast profit from 2018 to 2019 is flat, so I think it's important not to get carried away with today's strong highlights, as the growth looks to be largely one-off, due to acquiring Carlton. The balance sheet looks OK to me. The valuation seems about right. Forecast dividend yield looks alright at 3.7% Overall it looks OK, but I can't see any particular reason to rush out and buy this share - especially at a time of macro uncertainty. There could be an angle here for possible upside from surplus property, but I haven't got any information about that. With the share price having almost doubled from early 2017, and struggling to get through 100p, I do wonder if banking some profits might not be a bad idea at this stage? I'm nervous about anything housebuilding-related, because of the possible withdrawal of the Government's ridiculous "Help to Buy" scheme - which has just pushed prices up.
alanrussell: Well I've been unable to resist the urge to take profit and have sold this morning. A 1p spread makes it fairly painless. Nothing wrong with the company, I just can't help feeling the share price is too high. It's up 80% in four months and I'm sitting on such a hefty profit that I'll kick myself if I let it slip away. Bad portfolio management no doubt, one should run the winners and cut the losers, but there you go. Should the price drop below 80p I would buy back in assuming nothing else has changed. Good luck to holders.
alanrussell: All very interesting. Through last week the share price moved quietly up on no great volume until Friday when it hopped up on big volume. Yesterday dead quiet and today a jump on even bigger volume. FORT and IBST have drifted sideways on modest volume through this period so this is MBH specific. I thought it might have been results due but they are not scheduled until 4/9 despite being 25/7 last year. Odd that, perhaps the Carlton Main effect. So presumably someone thinks MBH are worth buying either on their trading or the acquisition. 1M bought over the last week, maybe tomorrow will bring a holdings RNS.
alanrussell: Up 60% in 10 weeks, quite a performance. You would expect it to pause after the last surge. Goes XD Friday 3rd June so some fallback would not be surprising. DCLG announced a few days ago that house building in England is highest since 2007/8. Together with positive news from similar companies hopefully any fallback in the share price over the summer will be limited pending half-year results on 4th September.
alanrussell: MBH was trading in the low 60s until October's cautious trading statement. Recent market conditions would suggest that the statement may well prove to be overly cautious. Monday's results should clarify. You would think decent numbers would send the share price back to about 60p. I normally don't buy immediately before results (way too risky - you never know) but have doubled my holding of late. The kiss of death most likely!
alanrussell: Very reassuring news indeed. I was sufficiently encouraged to top up this morning and, having tapped the calculator for a while this evening, will probably add further tomorrow. The balance sheet is looking increasingly strong. Net assets at YE 2015 were 60.6 p per share (only 2.5m out of 49.2m were intangibles). To that is to be added the retained profit, £1m uplift from today's RNS and any revaluations pointing to about 70p per share. EPS for 2015 was 4.44p so heading towards a PE of 10. Not expensive. The sale proceeds announced today represent 3.3p per share (gross). Cash at half-year was 2.7m. Add cash generated since (note the last line in the RNS) and 2.68m less costs coming late summer, say 8+m. Dividend of 1p per share cost £812,000 so scope for hefty increase here. So cap £40m, profits about 4.5m, trading at 28% discount to sound assets, pension scheme defined contribution not final salary, progressive dividend policy, what's not to like? The usual of course. Trading in building materials is about as cyclical as you get. Just look at the share price history! Energy costs must be rising and with virtually no overseas sales no help from weak pound. And always the temptation to empire build although, in all fairness, the board have been admirable cautious (except that acquisition up north a few years back that has never been mentioned again). Indeed I would suggest the board is one of MBH's main assets. Also the October RNS that knocked the share price mentioned pressure on selling prices in 2016. No comment today presumably means the "little or no recovery in prices at the start of 2017" mentioned is still the position. Ren you mentioned developable assets. Telford is the main one, about 90 acres - 4.6 acres were sold in 2013 for 15m so work that out (allow for significant land restoration costs). Bovis are still selling away and more land will only be released as the clay is exhausted and followed by landfill so to be spread over many years. Charnwood is the other of note. MBH was going for pp for 200 houses but now wants to continue working the site for the foreseeable future - last years final results talk of 12 years supply of clay so again very long term. Bear in mind that while the ex-clay extract sites achieve pp fairly readily as brownfield sites, they are only brownfield when exhausted so little chance of a takeover targeting quick realisation of development value. One for the patient I would say.
ed 123: Took a look at the longer term chart. The share price has fallen to the lowest price since September 2013. Further doubts about issues aired in the October 2016 trading update? Energy costs heading higher with fall in Sterling - though a lower Sterling should help with competing imports of bricks. Results not till 20 March 2017, so a bit of an information vacuum atm.
alanrussell: I see Ibstock have announced plans to float in October. Presumably this has something to do with today's rise in MBH share price. What can we deduce from this news? Well the brick market is in fine fettle (not exactly news) so the numbers in the IPO prospectus will look attractive, in all probability why the private equity owners are floating now. The other conclusion, if numerous other IPOs are anything to go by, is that they judge the brick market is about to turn down so intend exiting now and leave the new shareholders to find out if that is the case. Food for thought fellow shareholders.
Michelmersh Brick share price data is direct from the London Stock Exchange
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