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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Morgan Sindall Group Plc | MGNS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 10.00 | 0.26% | 3,815.00 | 16:29:59 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3,900.00 | 3,795.00 | 3,900.00 | 3,815.00 | 3,805.00 |
| Industry Sector |
|---|
| CONSTRUCTION & MATERIALS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 08/08/2024 | Interim | GBP | 0.415 | 03/10/2024 | 04/10/2024 | 24/10/2024 |
| 22/02/2024 | Final | GBP | 0.78 | 25/04/2024 | 26/04/2024 | 16/05/2024 |
| 02/08/2023 | Interim | GBP | 0.36 | 05/10/2023 | 06/10/2023 | 26/10/2023 |
| 23/02/2023 | Final | GBP | 0.68 | 27/04/2023 | 28/04/2023 | 18/05/2023 |
| 04/08/2022 | Interim | GBP | 0.33 | 06/10/2022 | 07/10/2022 | 26/10/2022 |
| 24/02/2022 | Final | GBP | 0.62 | 28/04/2022 | 29/04/2022 | 18/05/2022 |
| 04/08/2021 | Interim | GBP | 0.3 | 07/10/2021 | 08/10/2021 | 26/10/2021 |
| 25/02/2021 | Final | GBP | 0.4 | 29/04/2021 | 30/04/2021 | 19/05/2021 |
| 04/11/2020 | Interim | GBP | 0.21 | 12/11/2020 | 13/11/2020 | 08/12/2020 |
| Top Posts |
|---|
Posted at 22/10/2024 21:00 by master rsi HSBC hikes target price on Morgan Sindall(Sharecast News) - Analysts at HSBC raised their target price on construction firm Morgan Sindall from 2,930.0p to 3,615.0p on Tuesday following the group's trading update. HSBC said Morgan Sindall has long prided itself on balance sheet discipline and finds itself the net beneficiary of a competitive landscape where ISG has gone into administration, noting its strong balance sheet has become more of a competitive advantage. The UK bank, which stood by its 'buy' rating on the stock, stated new competition will enter the market, attracted by the structural growth of fit-out, but said Morgan Sindall appears to be winning business at "a very healthy rate". "We lift our 2024e adj. PBT forecast by c12% to reflect the current ability to win contracts. We expect this to last into 2025e and lift our 2025e adj. PBT by c8%. The 10-year +/-1sd historical 12-month forward PE range got MGNS is 8.2-11.3x. We set our target price based on a target PE multiple of 13.5x (from 12.0x), now at a premium to the historical range due the supportive plans of the UK's new government, a return to profitability nearing for Property Services, and the competitive strength in Fit Out, itself a growing market," said HSBC. "For us, that builds further on the group's order book visibility, record of execution, and benefits demonstrated from its diversified exposures. We apply our target multiple to our revised 2025e EPS estimate of £2.72 (from £2.52), which results in a year-end fair value of 3,674.0p that we discount back at a 10% annualised required rate of return to set our TP at 3,615.0p (rounded). Our TP implies circa 11% upside." ------------------- Closing share price 3,900p (+650p / 20.00%), well ahead of price target 3.615p |
Posted at 22/10/2024 10:04 by martinmc123 4*Morgan Sindall issued a profit upgrade this morning. Since its last Trading Update on 8th August 2024 and following material profit growth ahead of expectations from the Fit Out division, the Group now anticipates that its full year results for 2024 will be significantly ahead of its previous expectations. Fit Out's profits have continued to strengthen significantly due to exceptional volumes and is now expected to materially exceed the Group's previous expectations. Its secured order book as of 30th September 2024 was £1.3bn, up 15% from the 2023 year end position, providing confidence in the full year and beyond. This has also boosted the Group’s secured order book which was £8.9bn at 30 September 2024, up 3%... ...from WelathOracle wealthoracle.co.uk/d |
Posted at 08/8/2024 07:40 by master rsi Morgan Sindall FY performance to be 'slightly ahead' of expectations(Sharecast News) - Construction company Morgan Sindall said on Thursday that its full-year performance was set to be "slightly ahead" of its previous expectations after a record first-half performance. In the half-year to 30 June, adjusted pre-tax profit rose 17% to £70.1m, with revenue up 14% to £2.2bn. The company hailed a "significant" contribution from the fit out division, which saw operating profit rise 36% to £41.3m. Meanwhile, operating profit in the construction arm was 18% higher at £14.1m. The order book dipped to £8.7bn from £8.9bn in the same period a year earlier, while the interim dividend was lifted 15% to 41.5p per share. Morgan Sindall said the challenging market conditions seen in 2023 have continued to ease, with little increase in prices since the end of 2023. It said that while there remains some cost inflation in the system - mostly related to energy costs and wage inflation - the general trading environment overall remains "more manageable and predictable". Chief executive John Morgan said: "We've delivered another record set of results in the first half, once again reflecting the high quality of our operations, with revenue, adjusted profit before tax and the interim dividend all showing strong mid to high double-digit growth in the period. "The challenging market conditions that we experienced in 2023 are easing, as we continue to make significant strategic and operational progress across the group and remain well positioned to support the Government's affordable home and social infrastructure plans. "Following our strong trading performance in the first half, combined with the high-quality secured order book and visibility for the rest of the year, we now expect to deliver a result for the full year which is slightly ahead of our previous expectations." |
Posted at 31/7/2024 10:48 by mrscruff Thanks for the updates Piedro!While I understand MGNS has a strong cash position that covers the capital needed for these projects, do we know the ball park of lending costs should say a competitor need to take a short term loan out? |
Posted at 23/2/2024 09:23 by galeforce1 Great results as usual from this very well managed business. Growing order book, big jump in net cash and a nice rise in the dividend to 114p.50% of the profits at MGNS are coming from Fit Out. No sign yet of the surge in this division easing off. But I suppose that has to happen at some point. What has caused the biggish loss in Property Services? That's a surprise. |
Posted at 22/2/2024 11:50 by master rsi 2,315p ( +100p / 4.51%)Morgan Sindall delivers "record" results for 2023; raises dividend(Alliance News) - Morgan Sindall Group PLC on Thursday celebrated strong annual results and it increased its yearly dividend. The London-based construction group delivered a "record" annual performance, with revenue up 14% to GBP4.12 billion in 2023 from GBP3.61 billion in 2022. Beside its Property Services division swinging to an operating loss of GBP16.8 million from a profit of GBP4.3 million in 2022, all of Morgan Sindall's segments reported growth for the year. The firm added a "remediation programme" is on track to return the unit to profit in 2025. This included another "market-leading" performance from Fit Out, which specialises in office space refurbishments, with operating profit up 38% to GBP71.8 million from GBP52.2 million. Adjusted pretax profit increased to GBP144.6 million, 6.2% ahead of GBP136.2 million the prior year. Reported pretax profit was 69% higher at GBP143.9 million from GBP85.3 million. Adjusted earnings per share rose 4.1% to 247.7p from 237.9p. Morgan Sindall's total annual dividend was 114p, with a proposed final dividend of 78p. This is up 13% from the total 101p delivered to shareholders in 2022, which included a 68p final dividend. As at December 31, the group had GBP461 million in net cash, up from GBP355 million at the end of 2022. Morgan Sindall said that it had a healthy secured order book of GBP8.92 billion, up 5.4% from GBP8.46 billion a year before. Looking ahead, the company said that slowing inflation and the chance of lower interest rates provides "a backdrop of confidence for the year ahead". Chief Executive John Morgan said: "Despite facing market headwinds in the year and the disappointing losses in Property Services, the diversified nature of our operations and capabilities has allowed us to continue to make significant strategic and operational progress. In addition, our focus on positive cash flow together with our strong balance sheet has positioned us well to benefit over the long term from the opportunities available in our markets." |
Posted at 22/2/2024 08:22 by thamestrader Decent set of results, nice divi increase. |
Posted at 25/10/2023 13:06 by willie99 Last year the div was paid on 26 Oct and the interim trading statement was 2 Nov.This year the div will be paid on 26 Oct (same as last year), however their website just says the interim trading statement will be Nov… i.e. no precise date. My thinking is that MGNS were planning to issue the trading statement on, or about, 2 Nov, but have postponed the date (without giving a new date) for some reason. In the current market, people assume the worst, and the share price falls. I could be wrong, but it would be unusual for a company not to have a firm date for their Nov interim trading statement, when Nov is only six days away. Does anyone have any other explanation for the sudden drop in SP? |
Posted at 25/10/2023 12:06 by daisylove Div payment tomorrow. One would expect a rise so that dividend reinvestment costs more! |
Posted at 05/10/2023 15:49 by cruelladeville AFAIK, MGNS has no exposure to HS2. Just caught up in the fallout. I expect. |
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