Michelmersh Brick Share Discussion Threads

[bodgit] 07/10/2009 11:41

You may find this is the cause. Good luck all.

[steven1404] 07/10/2009 11:03

dont know not seen anything but good to see it on the up

[ed 123] 07/10/2009 11:02

A flurry of buys this morning. Up 17% !!!

Has MBH been tipped somewhere or are we leaking good news?

[envirovision] 17/9/2009 16:42

Share price gathering momentum for anouther break out, i think we should see 60p soon imo, luck to all.

[envirovision] 17/9/2009 11:46

Maybe but i suspect MBH dont need to as they are set for imroving demand and organic growth thanks to people like Heildelberg having to shut so many brick plants and many of them in the UK permenatly. MBH will emerge a very big winner for the recession imo in the long run.

[alanrussell] 16/9/2009 20:23

RNS? So you'd like to think, fair comment. I just can't see PSM paying £19m for something worth £6.4m; why should they? Maybe it's still under negotiation although today's RNS sounds very "all put to bed".

This from a Mail article about Hanson following the Heildelberg takeover - not the best timed deal (unless you held Hanson shares).

>>>>>>>>>>>>>>>>>

Before the deal, Hanson employed about 8,500 staff in the UK; today it has just short of 6,000.

A Hanson UK spokesman said the 2,500 job cuts are a combination of the integration and the recession taking its toll on the industry. For example, Hanson has closed or mothballed eight of its 16 brickworks in Britain because demand for bricks has slumped 50% to its lowest level for 20 years.

Of the eight brickworks still operating, further job cuts are on the way as four of those are set to cut another 200 jobs by the end of the year. There is even more uncertainty for those that remain as the Germans have put some 'peripheral' UK businesses up for sale, which actually account for around 20% of the UK arm.

The spokesman said the group is actively touting around the block paving subsidiary Formpave, a flooring business in Derby, and specialist cladding firm Structherm, based in York.

It has also hoisted a for sale sign over its brick division, which includes the iconic London Brick business that can trace its brand back more than 130 years.
The spokesman explained: 'The brick business is up for sale but we are conscious that in the current market we may not get full value for it, so we are sitting on it for now. It is still for sale, but not at any price.'

He said the group had sent out 'very brief teasers' to potential buyers to flag the assets that are up for grabs.' He added: 'We are currently in the process of drawing up formal (sale) documents to send out.

'It's not a question of a fire sale, we know the value of these businesses. This is a long-term strategy, it's not a slash and burn.'

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

MBH couldn't be eyeing some of this, could they?

[meadow50] 16/9/2009 12:43

alan
Shouldn't there have been an RNS if the option terms had been reduced by 2/3rds?
16 acres @ £1.2m pa was £19m,more than the present market capital of the company (around £14m).At £400k p/acre ,if you are right, producing only £6.4m, the proceeds might already be factored in the share price As MBH have carried out all the site preparation at their expense I would be very surprised at the renegotiated price you suggest. I think that the time to have told shareholders would be todays RNS.
Fingers crossed.

[alan russell] 16/9/2009 12:06

I find it hard to believe that PSM will be buying the land at the original option price which was about £1.2m per acre. More likely it has been renegotiated - the going rate now is probably about £400,000 pa. Nice to see MBH bricks being used but bricks for 170 houses would be what - one day's production? Still good to see it going ahead, I was starting to worry. I'm tempted to add a few more shares but the results next week are likely to be uninspiring. On the other hand they are by no means expensive.........

[envirovision] 16/9/2009 11:02

They will be using their bricks yes correct, which is luck as bricks could be in short supply in a few years time thanks to a number of larger competetors closing their plants for good.

[envirovision] 16/9/2009 10:53

Should return to 70p soon imo

[steven1404] 16/9/2009 10:48

yes i have just read the rns and if i am not mistaken was it not part of the deal that they supply the bricks for the new houses ?????????????????? double wammy

[envirovision] 16/9/2009 10:45

well thats very very confident, as good as it gets, sounds like its all systems go then.

[meadow50] 16/9/2009 10:22

Well,it seems that the planning application has been submitted with negotiations already carried out and public meetings etc dealt with.Site produces 170 house plots including 8 affordable housing units.What are they worth in Telford and how much comes to MBH under the option agreement?

[envirovision] 07/9/2009 14:02

Managed to get anouther lot of these again this time in my sipp, a total bargain at 33p imo

[envirovision] 27/8/2009 10:27

Well one of two things, a large buyer in the background so mm are acumulating, or news has leaked of planning permission on the land.

Actually there is a third reason, simply being re-rated now as in all sectors of the building trade, confirmation of a certain pickup coupled with other suppliers confirming stock overhang cleared.

Regarding bricks, this is an interesting play for MBH, simply because most of the major brick plants were moth balled and some completly shut down. Those plants cant simply flick a switch back on and infact some of them wont be able to re-open at all.

all imo, dyor.

[bodgit] 27/8/2009 08:43

So what was all that about yesterday? Curious.

[envirovision] 26/8/2009 11:34

either that or theres a large buy order in the back ground imo, hope you averaged down a bit steven, as market cap of £14M right now is silly imo and should be tripple that.

[envirovision] 26/8/2009 11:26

87p hmm lets see. The market makers appear to be readying themselves for it imo

[steven1404] 26/8/2009 10:39

i need to see 87 pence before i break even but persimmon was poss in todays times so who knows mayby a phone call to mbh to clarify the status of land deal would be good

[envirovision] 26/8/2009 10:32

Its nice that its a steady rise as well and not on the back of a load of small private investor pump and dump brigade, at least its genuine.

[envirovision] 26/8/2009 09:59

ticking up again :) im getting excited.

[envirovision] 26/8/2009 09:25

I can see this breaking 35p soon which case, the upside is left clear, this was £1.30 not so long ago. The thing is, as we know MBH will emerge into recovery with far less competion, a very good long term holding here imho.