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
  +1.50p +1.76% 86.50p 84.00p 89.00p - - - 0 07:31:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 37.9 3.3 2.6 32.8 74.83

Michelmersh Brick Holdings Share Discussion Threads

Showing 1001 to 1025 of 1025 messages
Chat Pages: 41  40  39  38  37  36  35  34  33  32  31  30  Older
DateSubjectAuthorDiscuss
14/8/2018
22:04
A potential turn shows on the chart 14-15/8/2018
bamboo2
09/8/2018
14:01
This consolidation/retrace forms the second shoulder of the INVH&S bottom pattern. Should see an increase in volume around this price level.
bamboo2
09/8/2018
12:49
From IBST results, "Demand from the Group's UK brick customers was strong over the first half, Review of UK brick manufacturing assets identified requirement for increased maintenance and refurbishment activity over 2H 2018 and 1H 2019 to sustain manufacturing capability" They should think about taking out MBH,at a large premium of course.
shauney2
05/8/2018
09:23
Price into resistance zone now. Expect consolidation for a few days. Good volume. New target price 96.4
bamboo2
31/7/2018
08:27
mrf, I only have direct personal experience of FLB arm of MBH. A large percentage of production is used locally, which means weather related probs and energy costs are well contained. Builders merchants collect using their own transport, leaving the co's lorries for site and direct deliveries. I would guess that a similar story applies to MBH's other smaller factories. Are you not holding anymore, or are you short?
bamboo2
31/7/2018
06:47
Re Ibstock "Demand from the Group's UK brick customers continues to be strong, particularly from the new housing sector, and market fundamentals remain favourable". Net debt of £117 million on a market cap of circa £900 million and strong cash flow looks very serviceable while still able to produce a healthy and non stretching dividend.
marvelman
31/7/2018
00:16
Perhaps mbh are immune to weather and energy costs ?
my retirement fund
30/7/2018
23:44
In our area, FLB Multi's [part of MBH] can be used as an alternative to Ibstocks local production. They have similar visual appearance and performance. [raw material comes from very similar clay beds] Many planners won't notice the difference!
bamboo2
30/7/2018
19:24
Ibstock mention a healthy market which should help MBH. I don't know if they compete in the same exact space, but any operational problems for ibstock could benefit these guys
twistednik
30/7/2018
18:27
Maybe you should read their update again and look for the reason for the profit warning.
shauney2
30/7/2018
17:44
Surprised this hasn't cratered after Ibstocks nasty profit warning.Perhaps the market is in late summer slumber mode and hasn't woken up yet ?
my retirement fund
27/7/2018
14:33
shauney, yes looking good here. I have used FLB bricks for well over 25 years, and have always enjoyed a good customer experience, both before and after MBH became owner. Pre MBH the brick clamps were fired with coking coal rather than gas. The smoke was amazing. Now the firing is all gas based, which is more reliable, cleaner and quicker. The current brick shortage will help ensure pricing power.
bamboo2
27/7/2018
14:02
Good call yesterday Bamboo.
shauney2
27/7/2018
14:01
Thanks bamboo...worth knowing...I noted this company has a market cap of 71 million backed up by over 50 million of property and plant. The debt appears to be well serviced by cash flow and still leaves room for a decent dividend.
marvelman
27/7/2018
13:57
Did some calcs based on various types of reversal chart pattern scenarios, and came up with a minimum target price of 92. I expect historical resistance at approx 86-87
bamboo2
27/7/2018
12:11
Pretty sure there is a seller or an overhang here the MM's are trying to manage so a little patience required.
marvelman
27/7/2018
11:08
You can sell online at 80p now so it does appear to have bottomed and getting interest which is seeing it move up again.
marvelman
26/7/2018
12:34
Worth a nibble and i have.Will be interesting to see the FCF v debt in the results in September.Debt is also backed by freehold property and land.
shauney2
26/7/2018
08:51
Just spotted this through noticing your post highlighted after a long absence from my watchlist. Looks a very interesting re-entry point. Plenty of debt but a niche market and free cash flow to service it. Also paying a dividend....worth a nibble.
marvelman
26/7/2018
00:45
Bought some of these. Hoping for a reversal pattern to develop. Note heavy volume. Big M chart pattern has completed to target. Gap from March filled. Potential turn 24-25/7/2018
bamboo2
04/4/2018
11:17
Interesting second kick upwards following the results. Must be in demand given the current market background
makinbuks
19/3/2018
08:07
Wonder if it will get re-rated now.
my retirement fund
19/3/2018
07:56
Excellent set of results which should prompt a healthy rise in the shareprice this week ! RNS Number : 0171I Michelmersh Brick Holdings PLC 19 March 2018 FINAL RESULTS Michelmersh Brick Holdings (AIM:MBH), the specialist brick manufacturer, is pleased to report its audited final results for the year ended 31 December 2017, representing a strong performance and continued progress. Financial Highlights -- Revenue up 26% to £37.9 million (2016: £30.1 million); -- Underlying(1) Operating profit increased by 42% to £6.5 million (2016: GBP4.6 million); -- Underlying(1) EPS at 5.9 pence up 34% over 2016 -- Underlying(1) EBITDA increased 42% to £8.0 million (2016: £5.6 million) -- Cash generated by operations of £6.9 million (2016: £5.7 million), representing 141% of Operating profit; and -- After paying the first ever Interim dividend this year, total dividend increased by 7.5% to 2.15 pence per share for the period. Operational Highlights -- Acquisition of Carlton for a net consideration of £31.2 million; -- Completed sale of former Dunton brickworks site for £2.7 million; -- Strengthened board with the appointment of Stephen Bellamy as non-executive director; -- Built forward order book to 60 million units; and -- Strong showing at the BDA awards including the BDA Supreme award. Martin Warner, Chairman at Michelmersh Brick Holdings, commented: "The Group's position has been significantly strengthened in 2017 with the addition of the Carlton plant. Our geography, product range, scale and market presence have all been enhanced as a result and there is further scope to benefit from this acquisition as the management teams work together to maximise the performance of the Group. The UK construction industry remains stable with a level of activity that keeps UK brick manufacturing operating at capacity with limited options for expansion. The Group's order book is strong and 2018 promises to be busy."
masurenguy
19/3/2018
07:22
There doesn't really get any better. This will be on a forward PE of 10/11 which can only drop further as it pays off its lian book and has with a land development property company tacked on for good measure.
my retirement fund
16/3/2018
16:29
Results wont disappoint
my retirement fund
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