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MBH Michelmersh Brick Holdings Plc

99.50
-2.00 (-1.97%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Michelmersh Brick Holdings Plc LSE:MBH London Ordinary Share GB00B013H060 ORD 20P
  Price Change % Change Share Price Shares Traded Last Trade
  -2.00 -1.97% 99.50 178,513 15:14:08
Bid Price Offer Price High Price Low Price Open Price
99.00 100.00 100.50 99.50 100.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Brick & Structural Clay Tile 68.38M 8.88M 0.0949 10.48 93.05M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:36:33 O 40,000 99.25 GBX

Michelmersh Brick (MBH) Latest News

Michelmersh Brick (MBH) Discussions and Chat

Michelmersh Brick Forums and Chat

Date Time Title Posts
04/4/202417:49MBH - The new name in handmade and specialist bricks.1,198
29/7/202217:22MICHELMERSH BRICK HOLDINGS102

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Michelmersh Brick (MBH) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:36:3499.2540,00039,700.00O
15:18:0499.5050,00049,750.00O
14:14:1099.901,0011,000.00O
14:14:08100.0022.00O
14:14:08100.0011.00O

Michelmersh Brick (MBH) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Michelmersh Brick Daily Update
Michelmersh Brick Holdings Plc is listed in the Brick & Structural Clay Tile sector of the London Stock Exchange with ticker MBH. The last closing price for Michelmersh Brick was 101.50p.
Michelmersh Brick currently has 93,516,114 shares in issue. The market capitalisation of Michelmersh Brick is £93,048,533.
Michelmersh Brick has a price to earnings ratio (PE ratio) of 10.48.
This morning MBH shares opened at 100.50p
Posted at 04/4/2024 17:49 by sebass
Not a fan of MBH LTIP plan management seem extremely generous with themselves
Posted at 29/3/2024 10:44 by drectly
Yes one yesterday and two the day before, all 591,000 shares at 96p. Maybe the reason for the price drop back after what seemed good / OK results, but why they are selling that amount the question. Happy holidays.
Posted at 12/10/2023 09:55 by barnesian
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.
Posted at 12/10/2023 09:10 by my retirement fund
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
Posted at 11/10/2023 09:53 by my retirement fund
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.
Posted at 05/9/2023 11:25 by my retirement fund
I guess it's a relief the share price didn't crash. Perhaps the next set of accounts won't look so pretty?
Posted at 05/9/2023 07:58 by barnesian
Good solid performance. Increased dividend. Focus on pricing and input costs. Benefit of diverse markets and close customer relationships.
I'm happy with this and await a turn round in the building industry in a couple of years time and a soaring share price. Need for patience.
Posted at 17/8/2023 20:02 by tole
https://masterinvestor.co.uk/equities/undervalued-bricks-and-payment-services/Michelmersh Brick Holdings (LON:MBH) – Results Due Soon Offer Buying OpportunityWith its Interim Results to end June due to be announced on Tuesday 5th September, now may well be a good time to take another look at this brickmaking company.Capitalised at around £85m, this company is not only the UK's largest specialist brick manufacturer but it is also the fourth largest brick maker in the country.Established in 1997, the Haywards Heath-based company produces over 122m clay bricks and pavers each year.Operating at the premium end of the market, the company currently owns most of the UK's premium manufacturing brick brands.It has seven market leading brands: Blockleys, Carlton, FabSpeed, Freshfield Lane, Michelmersh, Floren.be and Hathern Terra Cotta.These divisions operate within a fully integrated business, combining the production of premium, precision-made bricks, pavers, special shaped bricks, bespoke Terra Cotta products and prefabricated brick components.The group also includes New Acres, a landfill operator, and seeks to develop future landfill and development opportunities on ancillary land assets.In the AGM Trading Update issued on 18th May the group stated that it had made a robust start to 2023, and combined with its balanced forward order book, it remains on track to meet full-year expectations.It continued to add to its quality forward order book with resilient order intake for its broad product portfolio from the group's loyal customer base and distributor relationships across its end markets, whilst production volumes have continued in line with expectations.The construction sector as a whole has obviously been impacted by higher interest rates tempering demand, however the company offset such effects by appropriate portfolio pricing to maintain an end market spread in its forward order book drawn from the social and specification housing, RMI, new build and commercial sectors. Analyst James Wood at Canaccord Genuity Capital Markets still rates the company as a Buy, fixing a Price Objective of 180p on the shares.His estimates for the current year to end December are for sales to have risen to £83.5m (£68.4m), while fractionally edging its adjusted pre-tax profits to £12.8m (£12.5m) for the period, leaving earnings at 10.4p (10.6p). while paying out an unchanged dividend of 4.3p per share.Wood sees a gently better year in 2024, with £85.7m revenues, £13.4m profits, 10.7p earnings and a 4.5p dividend.Those estimates put the shares out on a 35%-40% discount to its sector peers.That looks unjustified considering its robust control and management of costs.Last night the group's shares closed at 88p, still some way off my Target Price, however the quality of this group deserves a far better rating than it has currently, my price aim remains totally firm.(Profile 27.03.2023 @ 91p set a Target Price of 115p)
Posted at 06/9/2022 09:50 by barnesian
I think the MBH share price has suffered from an understandable but unwarranted reaction to the large increases in GAS prices.

It's understandable because brick making is energy intensive.

However MBH have:
1) previously stated that they have hedged forward on gas prices
2) this time they state "Careful management of input costs on a risk based approach, with energy costs continuing to be hedged in volatile markets as appropriate"
3) "Portfolio price increase implemented on 1 July 2022 to mitigate
ongoing elevated inflation rates"

So I think it is unwarranted. It is a well managed company with a premium product and fairly wealthy customer base. I think it has a great future beyond the short term energy crisis which it seems to be navigating well.

For those interested in questioning the company about its GAS prices the company states:
"The Company will be hosting an online presentation to retail investors on Thursday 8(th) September at 3pm. Those wishing to join the presentation are requested to register via the following link: Meeting Registration (hxxps://forms.gle/CaqwGK7piGoEPGe26) ."
Posted at 02/4/2022 07:55 by barnesian
I think the cloud over the MBH share price is the extent to which it can raise prices to recoup the massive increase in its energy costs once the forward buying is exhausted.
I reckon it needs a 25% price increase next year to maintain margins. That should be possible with determination.
Michelmersh Brick share price data is direct from the London Stock Exchange

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