Morgan Sindall Dividends - MGNS

Morgan Sindall Dividends - MGNS

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Stock Name Stock Symbol Market Stock Type
Morgan Sindall Group Plc MGNS London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
40.00 1.7% 2,395.00 16:35:19
Open Price Low Price High Price Close Price Previous Close
2,360.00 2,350.00 2,400.00 2,395.00 2,355.00
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Industry Sector

Morgan Sindall MGNS Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

arja: great looking chart and goes ex div tomorrow . Maybe the run up is due to the divi and might fall more than 40p on thursday or they often do in OZ .
galeforce1: Cash - why is MGNS doing better than rivals like Kier, Carillion, etc? It’s got to be down to better management, who think longer term and don’t take on low margin work just to fill an order book. Having a CEO who is personally invested in the business and very experienced is probably a big advantage to MGNS. At some point soon the company is going to have to look to a successor to JM as CEO. Unless they sell out to a big French or Spanish builder of course.
galeforce1: That’s a big share sale by John Morgan yesterday. Approximately 15% of his holding. Sold at just over £20. His policy seems to be a gradual ‘drawdown̵7; of capital. He will still have about 7.5% after yesterday’s sale. I suppose one of the advantages of being a listed business is that it’s possible to do this. You don’t have to sell the whole business to extract some capital. MGNS hit a market cap of £1bn yesterday, which seems fully justified by the trading statement.
galeforce1: Another super-positive trading update. We might see the share price rise 5% on this, despite the strong run recently. Performance 'significatly ahead' of previous expectations. They were previously hoping to equal the 2019 results (profit £93m). It looks as though they will go comfortably past that. Current Mcap £865m, EV £585m. I think that quite soon we will see MCap £1bn, EV c. £700m Well done MGNS. A very well-run business.
bluecash: Galeforce, I agree. P/e looks very low and dividend is very respectable at this price.
galeforce1: It will be interesting to see the full year results next Thursday, but since we had a trading update in November I suppose there aren't that many 'unknowns'. I'll be interested to hear how the Fit-Out division is going. Is the general move by companies to reduce office space enlarging or decreasing the order book for MGNS? I reckon it will be surprisingly strong because so much office space will have to be re-configured. House building, Regeneration and Infrastructure should all be strong. I still think this is one of the best value stocks out there, with a good dividend, a very strong balance sheet, a big order book and great management. I've topped up today on the slightly weaker share price.
imastu pidgitaswell: Morgan Sindall’s house is built on reliable finances Sabah Meddings Sunday November 08 2020, 12.01am, The Sunday Times David Cameron did it. Nick Clegg did it. Even Nicola Sturgeon sometimes does it. Boris Johnson is likely to do a lot of it next year. Yes, 2021 will be a vintage year for politicians wearing hard hats and pointing at things. As Britain begins the painful task of rebuilding its economy, there will be opportunities for those in construction with a shovel or two at the ready for well-timed media opportunities. Morgan Sindall, still led by co-founder John Morgan, operates in sectors likely to benefit from public money. It is a diversified group with divisions including housebuilding, infrastructure and office fit-outs. Morgan Sindall has kept itself squeaky clean in terms of taxpayer support: this month, it said it would repay £9.5m of furlough cash, and it has also reimbursed junior staff for salary sacrifices made during the crisis. At the same time, it said it would resume final dividend payments and declared an interim dividend of 21p, in line with last year’s. Morgan Sindall’s latest trading statement indicated that business had improved between August and October, prompting it to predict that full-year pre-tax profit would be slightly above its £50m-£60m range. The “secured workload” at the end of the third quarter was £7.9bn, including projects such as the smart motorway programme. Other projects include the Thames Tideway tunnel and the Sellafield nuclear site. The government has said that construction can continue throughout this second lockdown, and in the medium term, housebuilders will benefit from the Help to Buy scheme until 2023. Morgan Sindall’s average daily net cash, a key metric in the sector, is expected to be £150m for the full year — ahead of previous guidance — and the group has a new £150m revolving credit facility until 2023, with an option to extend. This healthy financial position will allow it to be selective on the contracts it pursues, protecting margins. The shares have been volatile over the past year. They soared after the Conservative election victory in December, but plunged after lockdown closed sites in the spring. Morgan Sindall is trading at 37.5% less than its February peak of £19.70, with the stock closing on Friday at £12.30, valuing the company at £567.7m. Analysts’ price targets vary wildly — Panmure Gordon, the firm’s broker, has a £22.30 target on the stock, while Peel Hunt has £15 — but are well above current trading. There is reason to be confident: Morgan Sindall has weathered the Covid-19 crisis and is well placed to make the most of any recovery. Buy. :-)
quickquid: I'm 100% confident with MGNS because I know the work is priced correctly with goodmargins. MGNS has the correct attitude, if it isn't profitable, don't bother tendering. MGNS also pass on design responsibility to subcontractors and design specialists thereby eliminsting risk.
master rsi: 1220p +56p Morgan Sindall expects to beat its FY guidance, declares dividend Morgan Sindall said on Wednesday that its full-year performance is set to be slightly above the top end of its guided range as momentum has continued to increase At the time of the half year results in August, the company said it expected pre-tax profit for the year to the end of December 2020 to be between £50m-£60m. Based on its performance to date and the fact that it will be able to keep operating during the second lockdown that comes into force on Thursday, Morgan Sindall now expects to beat this guidance. The construction and regeneration group noted that its cash position has strengthened and said the average daily net cash for the full year is now expected to be in excess of £150m, versus £99m last year, ahead of previous expectations. Morgan Sindall also declared an interim dividend of 21p a share, in line with last year’s. At the time of the half-year results, it had said there was too much market uncertainty to declare a dividend but committed to actively consider the resumption of payments when there was more clarity over the economic outlook.
bogdan branislov: MGNS is a high quality business demonstrated by the fact that MGNS has coped so well with the sluggish past 2 to 3 years. Still selling very cheaply as shown by its high rating on IC's 'shares that have it all' screen, one of IC's best performing value growth screens over the long term. Interesting to see that MGNS came out in the top six stocks on this screen even thought the screen does not make any allowance for the construction sector having such a challenging time in recent years. The screen itself does not allow for soft risk factors but the accompanying IC commentary does as well as links to their separate company analaysis. They say that of the 5 stocks with a higher screen rating than MGNS only CSP, along with MGNS are really solid, the other 4 are probably cheap for good reasons not picked up by the screen. The key here is not to sell to early. MGNS's PE can go 50% up from here before a fair price is reached, but by then the sector recovery showing be showing giving more head room again for MGNS's stock price, should be able to double our money on MGNS from this point over the next year or two. To make money on stocks it is not enough just to be right, you need to be able both to be right and to sit tight.
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