|Michelmersh Brick Hldgs
||EPS - Basic
||Market Cap (m)
|Construction & Materials
Michelmersh Brick Holdings Share Discussion Threads
Showing 901 to 924 of 925 messages
|My idea of a tip is in the Sunday Times etc tips section, not some weekly magazines general reader content.|
my retirement fund
|My Retirement Fund (808) "If it's tipped it should do 90p in a flash"
Investor's Chronicle mentioned it on the 24th of March. It may not have been in the "tips" section but it was probably in the "company results" section, where IC called it a buy.|
|Yes, share price looks good for further advances.
Didn't realise that this was originally set up as a co to save a brickworks threatened with closure.
Original management look to be moving on, which could make a t/o more likely.
PS. mrf, well done for spotting this early.|
|I suspect a new trading range will be established although 80/90p would be nice its more likely to be between 70p and 80p looking at the long term chart.If it's tipped it should do 90p in a flash and any takeover would need to be north of £1|
my retirement fund
|Touching your 70 bamboo2 !|
|Good to see us move up :-)|
|Price hit overhead trendline resistance today but finished the day above, and closed the prior gap down, which now can become a support zone.
SP is above 200sma and is currently targeting approx 70
Potential apex based turns noted for 6 April|
|The IC today had a helpful article - so I was told by my broker - what is needed is a helpful trading statement at the AGM or even before.........we shall see.|
|Well put FISHYNECK.........it goes to show how brokers have not got their fingers on the pulses.
There are so few decent brokers left in London and the ones that are only want the big deals..........its a pity but do read the Daily Telegraphs business article this morning on this topic...........I can't post as my copy is with the "dust men".|
|Also using 2014 as a year for comparisons on imported brick is slightly misleading. 2014 was a major anomaly year with regards to brick supply. Major shortages from all UK manufacturers that year was the reason for the higher than normal imports, nothing to do with currency rates.
|NAV of 65.8p is nonsense from Cenkos, the broker.
Get your pencil out or I will come and tell you how to work out the valuation.
Nevertheless, it would be nice to see the shares trading at around a premium say 70p V NAV (CENKOS).|
|I'd like to see an eod close above 62, to consider the prior breakaway gap fully closed. For now the top of the gap remains resistance. imo|
|Pushing up again today I see :-)|
|Well done Michelmersh management & employees!
Positive outlook today alongside results. Both peers Ibstock (the largest) & the Forterra (number 2) had released results in recent weeks, providing similar positive commentary in their outlooks.
Interestingly, MBH's house broker indicates that imported bricks have seen a significant decrease over the last 3 years from c. 330m bricks pa in 2014 down to c. 220m in 2016. The benefit of sterling weakness making imports more expensive & which augurs well for all UK brick manufacturers.
Cenkos have retained their buy recommendation & indicate,
"...Further progress has been made on cash generation and strengthening of the balance sheet, resulting in a doubling of the dividend, equivalent to payout ratio of 44% of adj earnings. This positions the company into an attractive yield play, which currently trades below its NAV per share of 65.8p."
"MIchelmersh’s financial position has been transformed in the past two years, moving from a £2.1m net debt position to £4.7m of net cash in FY16. £2.5m of FCF was generated in FY16 equivalent to a yield of 5.4%. In FY17, we expect a further rise in net cash, principally from the £2.7m sale of the Dunton site."
They conclude that MBH trades at a 9% discount to the average of indebted peers of Ibstock and Forterra & also the only UK brick listed company to trade below the book value of its equity at a price/book value of 0.87x ...while also offering a meaningful dividend yield now.
|With the land sale proceeds and this yes FCF after another 2p dividend we will have around 10p per share worth of cash on the balance sheet. Whats their plan for that?|
|Managed to add a few whilst it was down this morning - takeover does look likely imho|
|Personally I think it will be taken over|
|After the land sale has been completed the NAV of this business could be as high as 100p............but I think that will only be achieved once sales growth starts again and margins improved which is all on the cards.........so not a highly over expensive share in my view.|
|We may see that gap filled this week yet ? :-)|
|Oops, you're right of course. Silly me, I was coming at it back to front as it were, and it's only Monday!|
|2p divi /4.38p EPS = 46% = greater than 40% of earnings|
|I'm very happy with 2p but can't get the divi to square up with the statement that it is more than 40% earnings.
Generally speaking solid results, solid hold.|
XD on the 2nd June|