Michelmersh Brick Share Discussion Threads

[cwa1] 20/11/2023 07:37

Follows earlier reduction on 11 Nov.

Are you sure about that? It reads to me as if the 10/11 announcement...



...was an INCREASE from 3% to 4.5% by ARP Ltd.?

[eeza] 20/11/2023 07:27

Australian Retirement reduced - RNS

Edited

[drectly] 15/11/2023 11:04

Agree it looks like someone has a load to reduce. Recent buys I have made, it has been easy to get shares. It is looking great value at present for a long term buy. I am sometimes right, but it often takes a long time for the market to agree.

[sphere25] 15/11/2023 10:51

Tend to see that lag quite often between the larger and mid caps versus the smaller caps. The liquidity naturally plays a part. Some tentative early buying here. It looks like Berenberg have a wedge to offload at 79p. Have to see if the buying picks up for a possible move higher.

Plenty of bullish moves out there in these interest rate sensitive shares. The issue I have got is I don't know who is still going to warn on profits. Haven't seen shares react well to the warnings so it is all still intricate out there.

Still, it is nice to see positive moves, and if the buying picks up here or elsewhere, happy to have a go and jump on board any short term momentum.

All imo
DYOR

[podgyted] 14/11/2023 18:41

Does look good value.

Dipped my toe in today - seems to have missed out on today's euphoria.

FORT up 4% and IBST up 3.9%.

BWDIK

[xamf] 11/11/2023 06:30

Bought in today at 78.5. I like BRCK too as both offer good fundamentals. However MBH has a closer spread and crucially no net debt position offering less downside risk.
I believe that interest rates have peaked and the construction sector is set for modest gains. Looking at downside risks 75p has historically provided strong support whereas BRCK is 20% lower around 40. Both are trading around 50% from their highs. As ever please DYOR.

[barnesian] 22/10/2023 15:29

blueball

A 20p price would imply a P/E of 2 and a yield of 22%. :)

[blueball] 22/10/2023 15:14

20p target price.

[aublune] 22/10/2023 12:54

Sitting duck trading below nav

[barnesian] 12/10/2023 09:55

The share price, in theory, reflects the NPV of earnings over many years ahead.
The current lack of brick demand is a short term problem.
The likely longer term political future of the UK will contain a lot of demand for bricks!
This is a classic buying opportunity as some sellers take a myopic view.
Buy and hold. A value stock.

[my retirement fund] 12/10/2023 09:10

Given Forts pain was in the brick department and they don't see an improvement and especially since they state brick despatches running 2009 levels. Couple that with MBH yet to report and couple that with a lot of MBH bricks being specialist, and not exclusively mainstream structural, so will be the last to slow down and last to recover

[drectly] 11/10/2023 20:41

I did add a few today, so a strong signal the drop has a way to go. I obviously think longer term the company is undervalued at the moment.

[my retirement fund] 11/10/2023 17:44

This has held up extraordinary well against the sector. Marshals are hitting lower lows every day. Almost a decade low. Another company that's made lots of earnings enhancing deals too !

[makinbuks] 11/10/2023 14:37

FWIW, I bought these in June 2015 for 82.74p, almost exactly todays price. I sold for 100.1p in September 2019. Despite the threat of a recession looming I think the BS is in better condition than back then and there has been at least one significant business enhancing acquisition. So I'm tempted by 82p and would be very interested if they fell as low as 50p

[riverman77] 11/10/2023 12:13

Obviously the read across from FORT hitting this today, but seems slightly unfair that this has fallen more than FORT itself! MBH has much stronger balance sheet with net cash and trading seems a bit more resilient too (at least based on the relatively upbeat outlook statement at the last interims).

[my retirement fund] 11/10/2023 11:50

filtered and yet he knows it was MRF posting, as if we are all idiots? What thicko and narcissistic mental one at that!

[zangdook] 11/10/2023 10:58

mrf is an idiot. I've had him filtered since the days he called himself envirovision.

[1c3479z] 11/10/2023 10:56

how come they are so busy buying in their stock if the outlook is so bleak as my rf suggests?- it doesn't add up unless the situation has changed all of a sudden.

[my retirement fund] 11/10/2023 09:53

Lots to go looking at Travis perkins read across. Building trade is starting to see huge deflation and shrinking margins. Double whammy for MBH, energy hedges set to be stupidly high too. MBH could post record losses. I hope it's got good banking relationships.

[jeanesy] 11/10/2023 07:41

im not sure tbh. I think they are cheap now but i expect them to get even cheaper short to medium term. 50p perhaps ?

[makinbuks] 10/10/2023 11:48

What price would tempt you jeansy?

[my retirement fund] 10/10/2023 11:42

They were 20p in the last housing down turn.

[jeanesy] 09/10/2023 19:40

I wonder how much cheaper these will get ?

[m12rtn] 05/9/2023 11:33

Why would anyone post a remark like that? oh! I know why.

[my retirement fund] 05/9/2023 11:25

I guess it's a relief the share price didn't crash. Perhaps the next set of accounts won't look so pretty?