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MGNS Morgan Sindall Group Plc

2,060.00
-15.00 (-0.72%)
08 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Morgan Sindall Group Plc MGNS London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-15.00 -0.72% 2,060.00 16:35:16
Open Price Low Price High Price Close Price Previous Close
2,080.00 2,050.00 2,080.00 2,060.00 2,075.00
more quote information »
Industry Sector
CONSTRUCTION & MATERIALS

Morgan Sindall MGNS Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
02/08/2023InterimGBP0.3605/10/202306/10/202326/10/2023
23/02/2023FinalGBP0.6827/04/202328/04/202318/05/2023
04/08/2022InterimGBP0.3306/10/202207/10/202226/10/2022
24/02/2022FinalGBP0.6228/04/202229/04/202218/05/2022
04/08/2021InterimGBP0.307/10/202108/10/202126/10/2021
25/02/2021FinalGBP0.429/04/202130/04/202119/05/2021
04/11/2020InterimGBP0.2112/11/202013/11/202008/12/2020
07/08/2019InterimGBP0.2110/10/201911/10/201928/10/2019
21/02/2019FinalGBP0.3425/04/201926/04/201920/05/2019

Top Dividend Posts

Top Posts
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.
Posted at 15/9/2023 18:55 by cruelladeville
True. MGNS still cheap though for a debt free high quality business with a growing order book? Bought in a few months ago at a shade under 1400p so I'm quite happy.
Posted at 12/9/2023 13:48 by eigthwonder
It helps that the founder still has his name on the company and most of his wealth tied up in it - he'll try very hard to maintain and grow that dividend
Posted at 02/8/2023 21:31 by master rsi
1912p -12p / Morgan Sindall hails record results as revenue, profit and orders jump
(Alliance News) - Morgan Sindall Group PLC on Wednesday hailed a record first-half as it reported strong growth in revenue, profit and orders.

The London-based construction and regeneration company said revenue in the half-year to June 30 climbed 14% to GBP1.94 billion from GBP1.70 billion the year before. Pretax profit rose 8% to GBP58.0 million from GBP53.7 million and earnings per share advanced 6% to 100 pence from 94.3p.

The order book of GBP9.1 billion at the year-end was 7% higher than GBP8.5 billion last year and the strong financial performance saw shareholders rewarded with a 9.1% increase in the dividend to 36 pence from 33p.

Chief Executive John Morgan said: "We've had a record first half of the year, notably from our Fit Out business which has delivered another outstanding performance in the period, demonstrating the high quality of this business."

"Although the wider economic backdrop remains challenging, conditions have generally eased across many of our markets as the year has progressed," Morgan said.

The firm, which increased expectations for the full year in June, said there had been no change to forecasts since then and it remains confident of delivering another record performance.

The company noted an excellent performance from Fit Out where operating profit soared 43% to GBP30.4 million from GBP21.2 million. Medium-term targets have been significantly upgraded to reflect market opportunities and the high quality of business, the company said.

Construction delivered good revenue growth, up 20% to GBP470 million, with margin in its target range at 2.6%. Infrastructure posted a strong performance with revenue up 15% to GBP428 million at an operating margin of 3.7%.

But cost pressures and operational challenges in Property Services drove a trading loss of GBP4.1 million compared to an operating profit of GBP2.5 million a year ago.
Posted at 25/7/2023 13:09 by cruelladeville
Nice to see a decent run in MGNS shares with the wider market going nowhere. 2000p here soon?
Posted at 14/7/2023 11:44 by galeforce1
It was good to see that surprise trading update at the end of June, telling us that Fit Out is making much more money than expected.

MGNS were expecting Fit Out to make about £44m a year. Presumably they now expect Fit Out to make more like £60m in 2023 and are seeing a much bigger order book.

The problem division at the moment must be housebuilding. As part of Partnership Housing and Urban Regeneration I think MGNS build about 2000 houses per year, mostly at the bottom end of the market. Sales activity must have stalled and prices weakened. I'm not sure how much housebuilding contributes to the bottom line.

Rising interest rates must also mean that the cash on the balance sheet is producing a useful yield. £300m at 2.5% would be £7.5m.
Posted at 15/5/2023 13:44 by cruelladeville
Very nice dividend windfall to look forward to this week.
Posted at 09/5/2023 08:55 by brucie5
Thorpematt, dividend aside don't you see better value & upside in COST? What do there's think.
Mgns clearly a good company notwithstanding.

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