Michelmersh Brick Share Discussion Threads

[davidosh] 19/10/2010 10:11

There is a write up and follow up to last nights presentation here...

[stuart little] 13/10/2010 16:41

www.mbhplc.co.uk

New website launched today.......

stuart.

[envirovision] 13/10/2010 13:53

are you going?

[yespmedc] 11/10/2010 16:44

FYI, investor event on Monday -

[bodgit] 08/10/2010 14:26

Probably more trades volume today than for the last few weeks. Hmmmmm. Good weekend all.

[envirovision] 06/10/2010 11:56

The 18250 was me, what i mug i am.

[envirovision] 29/9/2010 09:11

Poor results given the improving construction market imo. Its still to early to say if the FL business has been over paid for, as its still very much a black box on the accounts. Its quite likely it could ruin MBH.

I have dropped my order for the 20K down to 25p but am still wondering if thats to high.

[alan russell] 28/9/2010 16:30

Interims out tomorrow. Too soon for the Persimmon deal perhaps...........

[alanrussell] 01/9/2010 16:22

30p!!! No harm being hopeful!

Interims out towards the end of the month (22nd last year) but it is hard to see them being too exciting. Reckon the share price could drift around until the Persimmon announcement towards the end of the year.

[envirovision] 01/9/2010 15:14

Well I put an order in for 20K at 30p which was rejected today.

[envirovision] 09/8/2010 14:34

I was willing to buy 20K for 36p back in June, I did try again early July but still not filled.

I have since withdrawn my offer, however i would consider again for 35p and under. Whens the divi paid?

edit--------------
oh for FFS there isn't one, erm make that 30p then.

[alanrussell] 09/8/2010 14:15

Agree. Update sounds good but then it's meant to. Reading between the lines things are at least trundling along at about breakeven or just above. FY results expected Persimmon deal completing in second half of this year. Everything seems to be going slow at present - cheque in bank Oct/Nov?

[bodgit] 09/8/2010 07:35

Trading update. What it says looks ok. What about the development land sale to Persimmon? Good luck all.

[envirovision] 16/6/2010 18:36

nope was not executed, anyone buys above 36p is a total mug imo.

[envirovision] 16/6/2010 13:06

130,000 shares bought by director after news of above market value (£1.3 Mill) sale of the spare Freshfields agri/woodland. I put a order in for 20K shares myself with a 36p limit, if it dont get filled market makers can f.off as the director only paid 35p.

[envirovision] 20/5/2010 08:20

Never sounded that good to me, apart from the bit where sales are well ahead of last year, which we all knew, but for some reason the market makers think its good and have marked it up.

[bodgit] 20/5/2010 07:26

AGM statement mostly reassuring. The statement regarding Telford land sale to Persimmon could be interpreted in different ways. Time will tell. Although I still am a long way underwater with MBH, amongst my modest portfolio, they have been least affected by recent volatility. I am LTBH. Good luck all.

[shanklin] 06/5/2010 15:31

Envirovision

As it happens I haven't seen CS's comments previously. My overall impression of what they say regarding the NAV is that the 61p is potentially very conservative.

In particular, once Telford & Wreakin Council stop mucking PSN & MBH about and the 106 agreement is in place on the 16 acres for which planning permission has been granted, we can start extrapolating to a NAV based on the 90 acres at that site it is intended to develop in due course. Presumably that would take the NAV way over £1

This will still ignore land at other sites MBH intend to develop going forward as well as the underlying profitability of the group following the acquisition of FLB.

Cheers, Martin

[envirovision] 06/5/2010 15:17

No problem shanklin,

Since it was released on the 20th April, I'm sure you've read allready :-)

[alanrussell] 06/5/2010 15:13

Encouraging however with the present and likely near future state of the construction market it may be a while before we see 61p. Hopefully if there is news later in the year of the sale to Persimmon that might cause a modest jump in the share price. Fingers crossed!

[davidosh] 06/5/2010 15:12

Excellent that looks very good for us long termers.

[shanklin] 06/5/2010 14:58

Thank you envirovision

[envirovision] 06/5/2010 14:55

Charles Stanley: Michelmersh Brick Holdings (Buy)

Michelmersh ("MBH") has completed the acquisition of Freshfield Lane Brickworks ("FLB") and the integration is progressing well.

The acquisition makes MBH the UK's leading supplier of speciality clay bricks, paviours and tiles.

MBH has also issued 2009 results (which pre-date FLB) which are better than expectations.

In FY2010, we are forecasting a return to profit for the enlarged group and the transaction to be earnings enhancing.

We reiterate our Buy recommendation and target price of 61p based on the 2010 forecast NAV.

[ed 123] 20/4/2010 17:22

Thanks, envirovison. :-)

Seem to have fluked a good top-up point. I've no temptation to trade out for a quick profit. Planning to hold for a couple of years (assuming a gradual UK economic recovery is sustained).

[envirovision] 20/4/2010 16:01

Well timed ed 123 :-)