Share Name Share Symbol Market Type Share ISIN Share Description
Michelmersh Brick Hldgs 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
  -2.25p -2.64% 83.00p 82.00p 84.00p 85.25p 82.50p 85.25p 62,673 10:20:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 30.1 4.6 4.4 18.9 67.63

Michelmersh Brick Holdings Share Discussion Threads

Showing 951 to 974 of 975 messages
Chat Pages: 39  38  37  36  35  34  33  32  31  30  29  28  Older
DateSubjectAuthorDiscuss
15/8/2017
12:19
Bi hi sell lo
my retirement fund
04/8/2017
11:36
alan, thanks for letting us know. Someone is hoovering up the stock, but happy to let sellers come to them.
bamboo2
04/8/2017
10:59
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
02/8/2017
14:21
Hosking Partners LLP (acting as Investment Manager for discretionary client portfolios) added 31 Jul17 now hold 19.54% 86,171,664
bamboo2
01/8/2017
21:45
alan, thanks, I have added to my day planner.
bamboo2
01/8/2017
08:07
Thanks Brummy. Any idea when the next update is here? That could give us some confirmation on the return of pricing power.
bamboo2
01/8/2017
07:36
Thanks bamboo2 - similar message reiterated by Forterra this morning wrt their H1 results; "Double digit increase in brick and block revenue reflecting good demand from the new build residential market". Adding "Current levels of activity from our housebuilder customers and our order book growth continue to be positive, but we remain watchful over any negative impact from a weakening of consumer confidence on the housing and RMI markets."
brummy_git
31/7/2017
08:54
Hi Brummy, I went back and had a look again, this is the snippet from BBC R5, under the headline 'Soaring building material costs'... "Bricks are up by 10% some steels and metals are up by 45%," says Tony Passmore, Managing Director of the Passmore Group, a Leeds-based building firm. His experience backs up a report from the Federation of Master Builders (FMB), which found that a third of small building firms have been hit by squeezed profit margins due to soaring prices for materials. Mr Passmore suspects there is some speculative price inflation going on, but "that's only because it's been so depressed for so many years."
bamboo2
31/7/2017
08:49
bamboo2 - sounds as though Passmore reckon its brick volumes (ie say 1.7-1.8bn pa), not prices
brummy_git
31/7/2017
08:26
Worth a listen to today's BBC wake up to money podcast which focuses on building material price rises."Pretty much everything is rising - by much more than the 3% average" http://www.bbc.co.uk/programmes/b08z93zm
priteshpatel9
31/7/2017
08:25
I think he was referring to prices. Be a laugh it was the size of the bricks though! :-)
bamboo2
31/7/2017
08:22
Is that brick volumes or prices bamboo2?
brummy_git
31/7/2017
07:08
"Bricks are up by 10%...." says Tony Passmore, Managing Director of the Passmore Group, a Leeds-based building firm.
bamboo2
28/7/2017
15:24
Bought some more today.
bamboo2
26/7/2017
22:39
No talk of takeover at our place.
pizzabuffet
26/7/2017
20:20
difficult to see how any of the big 3 could take it over on competition grounds so would have to be a new entrant eg Austrian
mw8156
26/7/2017
19:48
Bought a few back today. T/O potential?
bamboo2
26/7/2017
11:07
And a 3M trade this morning. So about 4M shares have changed hands over the last three trading days - 86M in issue so 4.6% of the company has changed hands.
alanrussell
25/7/2017
20:49
I sold the last of mine just below 80 thinking it would become resistance, but have been proved wrong. There is a gap on the chart that I think is likely to be filled 84-85, then it could be up and away to 100 edit, having looked closer, it could be a breakaway gap that instead of filling, becomes a support zone.
bamboo2
25/7/2017
19:48
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
29/6/2017
11:16
Have changed from a nimble niche outfit,to a more unwieldy outfit.I am out!
trewinney
27/6/2017
23:31
Good point simso. I may have fallen into the trap of comparing the post deal balance sheet with the pre deal b/s instead of the wider market. As with any business in the construction sector the wisdom of this acquisition, and the prospects of MBH, will be largely determined by the continuing health of the sector. Can't fault your thinking MRF - first rule of investing - protect your capital. I will continue to hold, maybe my twitching will subside.
alanrussell
27/6/2017
09:56
Interesting post thanks alanrussell. I have reflected on this and take a more positive view of the acquisition. I think Michelmersh Balance Sheet was so asset rich/unleveraged to start with, and even after this acquisition, it is much stronger than 90%+ of companies I evaluate. A forecast Net Debt / EBITDA of 1.3 times for 2018, and with over £30m of Freeholds in the balance sheet, this is still a very asset rich and unleveraged business. As an acquisition, Carlton does make sense as it is a single site, highly profitable business well within Michelmersh area of expertise and competence. One would hope for further synergies and cross selling opportunities, which are not reflected in the forecasts. There is always a risk with any acquisition, but I think this one makes more sense than most.
simso
27/6/2017
08:14
Good assessment and for that reason I've taken half my money off the table. I would think they have put a lot of lipstick and make-up on to be able to sell such a pig for such c copious levels of goodwill. Better safe than sorry is my moto.
my retirement fund
Chat Pages: 39  38  37  36  35  34  33  32  31  30  29  28  Older
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