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  6. Michelmersh Brick Holdings Plc (MBH)

  7. Michelmersh Brick Holdings Plc (MBH) Share Price

MBH

Michelmersh Brick Holdings Plc

92.50
0.00 (0.0%)
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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 Shares Traded Last Trade
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  0.00 0.0% 92.50 278,108 08:00:00
Bid Price Offer Price High Price Low Price Open Price
92.00 93.00 92.50 92.50 92.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Brick & Clay Tiles 68.38 8.88 9.30 10.28 88.46
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 O 50,000 91.00 GBX
Related Shares
Crh (CRH), Compagnie De Saint-gobain (COD), Titon (TON), Inspirit Energy (INSP)

Michelmersh Brick (MBH) Latest News

Michelmersh Brick News

Date Time Source Headline
01/6/202310:07UKREGMichelmersh Brick Holdings PLC Total Voting Rights
30/5/202307:00UKREGMichelmersh Brick Holdings PLC Transaction in Own Shares
26/5/202310:16ALNCNewsBrickability CEO Alan Simpson to retire; taps Michelmersh's Hanna
26/5/202307:00UKREGMichelmersh Brick Holdings PLC Directorate Change
25/5/202307:00UKREGMichelmersh Brick Holdings PLC Transaction in Own Shares
19/5/202307:00UKREGMichelmersh Brick Holdings PLC Transaction in Own Shares
18/5/202316:26ALNCNewsTRADING UPDATES: TheWorks.co.uk reports "resilient" annual performance
18/5/202314:21UKREGMichelmersh Brick Holdings PLC Result of AGM
18/5/202307:00UKREGMichelmersh Brick Holdings PLC AGM Statement
17/5/202307:00UKREGMichelmersh Brick Holdings PLC Transaction in Own Shares

Michelmersh Brick (MBH) Discussions and Chat

Michelmersh Brick Forums and Chat

Date Time Title Posts
26/4/202308:05MBH - The new name in handmade and specialist bricks.1,125
29/7/202217:22MICHELMERSH BRICK HOLDINGS102

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Michelmersh Brick (MBH) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:06:3591.0050,00045,500.00O
15:35:0092.002523.00O
15:35:0093.002523.25O
15:06:5792.663,0002,779.80O
13:57:5392.491,000924.90O

Michelmersh Brick (MBH) Top Chat Posts

Top Posts
Posted at 18/4/2023 23:03 by jw330
I'm no expert in bricks but I do have concern in regards to their business model,

by only focusing on high end products and maintaining good cash generation are they going to survive competitors who are expanding aggressively and eventually could produce similar standard bricks at a lower price point due to economies of scale?

It maybe good for management to focus on cash generation but if that cash isn't redeployed into the business then surely it is only a matter of time before someone is going to come in and outcompete them? I could be very wrong here.
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Posted at 01/4/2023 07:27 by tole
https://masterinvestor.co.uk/equities/small-cap-catch-up-diagnostics-bricks-and-switches/Michelmersh Brick Holdings (LON:MBH) – Strong 2022 Results And A Resilient OutlookAnalyst James Wood at Canaccord Genuity Capital Markets reiterates his Buy rating on the brick manufacturing group's shares after last Wednesday's results announcement.His current year and prospective year estimates remain the same, except that he has upgraded his dividend projections to 4.3p for 2023 and 4.5p for 2024.However, he has now inserted his figures for the 2025 trading year, going for £88.4m sales, £14.1m profits, 11.2p earnings and a 4.7p per share dividend.He maintains his discounted cash flow valuation on the group's shares, giving a price objective of 180p.Over at Berenberg, their analyst Robert Chantrey has a 170p price objective on the shares.He believes that the £89m capitalised group's current rating is very cheap considering its long track record of delivery, its near-term resilience versus its peers and the strength of its balance sheet.Last night they closed at 93.5p, at which level I consider that they still offer excellent value.
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Posted at 31/3/2023 10:56 by barnesian
I've just been at the retail investor presentation this morning.

Overall the management is very professional and competent. I was reassured by their knowledge and approach. The numbers also look excellent, particularly the cash generation.

On pricing, the company achieved an 18% increase last year in two tranches with no push back, and a further 10-15% this January. Their three main competitors put through price increases of 45, 44 and 42% last year, the last increase being in October, with some push back, but are marketing zero increase for this year. The MM price premium has reduced from around 30% to 20%. They have basically maintained margins and gained goodwill from customers.

On exports, they export a bit to Europe - mainly high end specific contracts - but are up against high quality competitors, so exporting is not an important part of their strategy. 25% of UK demand is met by imports - a lot from Belgium and Holland.
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Posted at 30/3/2023 08:46 by tole
https://www.thearmchairtrader.com/michelmersh-brick-holdings-share-price-analysis/
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Posted at 29/3/2023 13:25 by dozey3
The bulk and weight/value ratio of bricks makes international trade difficult. Nevertheless this seems to me to be an almost completely ignored opportunity by MBH, with derisory international revenues. Surely top architects would wish to use top of the range materials, especially where money is no object.
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Posted at 29/11/2022 09:01 by barnesian
The company bought back 20k yesterday (at 96p) making 60K in total bought back since announcement on 24th.

The company plan to buy back up to approx 3 million shares in the next 12 weeks i.e. an average of about 50K a day.

The average daily traded volume in MBH shares is 60K so this is going to be interesting! Worth monitoring.

I think it can only put upward pressure on the share price.
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Posted at 24/11/2022 09:35 by barnesian
"Michelmersh Brick Holdings Plc (AIM: MBH), the specialist brick manufacturer,
today announces that it intends to commence a share buyback programme in
respect of its ordinary shares of 20 pence each ("Ordinary Shares") up to a
maximum consideration of £3.0 million from the date of this announcement
(the "Share Buyback Programme").

The purpose of the Share Buyback Programme is to reduce the share capital of
the Group in order to return value to shareholders.

Michelmersh announces that it has entered into an irrevocable
non-discretionary instruction with Canaccord Genuity Limited ("Canaccord")
in relation to the purchase by Canaccord, acting as principal during the
period commencing on 24 November 2022 and ending no later than 27 February
2023, of Ordinary Shares for an aggregate consideration (excluding expenses)
of no greater than £3.0 million and the simultaneous on-sale of such
Ordinary Shares by Canaccord to Michelmersh, where they will be held in
treasury. Canaccord will make its trading decisions concerning the timing of
the purchases of Ordinary Shares independently of, and uninfluenced by, the
Group."

£3m is about 4% of market cap. So this will provide a floor and probably upward pressure on the share price between now and end Feb next year. Little downside risk.
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Posted at 06/9/2022 09:50 by barnesian
I think the MBH share price has suffered from an understandable but unwarranted reaction to the large increases in GAS prices.

It's understandable because brick making is energy intensive.

However MBH have:
1) previously stated that they have hedged forward on gas prices
2) this time they state "Careful management of input costs on a risk based approach, with energy costs continuing to be hedged in volatile markets as appropriate"
3) "Portfolio price increase implemented on 1 July 2022 to mitigate
ongoing elevated inflation rates"

So I think it is unwarranted. It is a well managed company with a premium product and fairly wealthy customer base. I think it has a great future beyond the short term energy crisis which it seems to be navigating well.

For those interested in questioning the company about its GAS prices the company states:
"The Company will be hosting an online presentation to retail investors on Thursday 8(th) September at 3pm. Those wishing to join the presentation are requested to register via the following link: Meeting Registration (hxxps://forms.gle/CaqwGK7piGoEPGe26) ."
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Posted at 28/7/2022 10:33 by m12rtn
Remember the share price is everything to you, BUT you are nothing to the share price!It will rise when ready, just as Ibst and fort are now.
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Posted at 02/4/2022 07:55 by barnesian
I think the cloud over the MBH share price is the extent to which it can raise prices to recoup the massive increase in its energy costs once the forward buying is exhausted.
I reckon it needs a 25% price increase next year to maintain margins. That should be possible with determination.
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