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Share Name Share Symbol Market Type Share ISIN Share Description
Morgan Sindall Group Plc LSE:MGNS London Ordinary Share GB0008085614 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.00 0.24% 1,662.00 1,656.00 1,676.00 1,662.00 1,650.00 1,660.00 2,152 08:05:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 3,212.8 126.2 212.4 7.8 781

Morgan Sindall Share Discussion Threads

Showing 1551 to 1574 of 1575 messages
Chat Pages: 63  62  61  60  59  58  57  56  55  54  53  52  Older
DateSubjectAuthorDiscuss
19/1/2023
12:42
Toe in the water today. Has always been highly thought of and seen as an effective company. Divi is attractive too.
don carter
12/1/2023
16:35
Onwards and upwards here. Terrific quality company, good to see share price recovery.
cruelladeville
10/11/2022
14:56
Nice to see another good day for MGNS stock. Long may it last.
cruelladeville
04/11/2022
10:12
I like the company. In no rush to sell out of here. Enjoying the yield which is anomalously high at the moment.
cruelladeville
01/11/2022
14:45
Still holding? Perfect timing on that buying.

Just gone above the previous peak, but still way down on the start of the year levels.

Long way to go, given the fundamentals, surely?

imastu pidgitaswell
24/10/2022
17:17
My that was lucky!
cruelladeville
24/10/2022
10:10
Couldn't resist buying a few more shares at 1397p this morning. Averaging down purchase price somewhat here.
cruelladeville
14/9/2022
20:06
Looking like a >6% yield at today's closing price. Not often you see that here. I think I will top up my holding tomorrow.
cruelladeville
14/9/2022
08:25
It is very low liquidity in the first half hour or so. And (it seems to me) a definite absence of buyers most of the time.

I thought it had bottomed a couple of days ago, but not so clear now - although it might just be a higher low being put in place. Sector is also showing signed of turning - BBY at a 5 year high, COST rising and KIE bottoming (until they release their results?)

Good business this - excellent balance sheet and on around 8 times earnings now as well. Quite tempted, but awaiting progress on COST for the time being.

imastu pidgitaswell
14/9/2022
08:04
Must have been a glitch. Back to normal spread now.
cruelladeville
14/9/2022
07:28
A crazy 140p buy/sell spread this morning here?
cruelladeville
15/8/2022
07:54
Note from Numis, following MGNS's H1 2022 results. The interesting bit is the last paragraph which explains the costs & complexities of the 'Developer Pledge'. MGNS previously signed this for the Partnership Housing Division, and stated the costs would be 'non-material'. Now it has been obliged to sign for the Urban Regeneration Division and costs are undoubtedly 'material'. £7m charge in H1. Looks like a further £40-£50m has to be paid up-front to the government, but much of this should later be recovered from contractors.


Morgan Sindall (Buy, TP: 3,000p) Upgrade driven by Fit Out momentum

Morgan Sindall has reported record H1 profit, delivering further growth on H1-21 which was itself a step change in performance. For context, EBIT is +52% vs H1-19. This is despite a very challenging operating environment in which cost inflation has impacted some project margins. Due to continuing strong momentum in Fit Out, we upgrade current year PBT +6%. As we argued in our recent longer note, we believe the division is benefiting from medium-term drivers of changing working practices and increased EPC requirements for commercial premises. With an orderbook equivalent to >2.5x revs and continued organic momentum across the divisions, we estimate medium-term targets represent c.40% further profit growth. We reiterate our BUY recommendation and £30 target price.
Download Upgrade driven by Fit Out momentum
(4 pages)

Group. H1 revs +9% y/y to £1.7bn with EBIT +4% to £56.9m at a margin -10bp to 3.4%. Market conditions were a headwind; the impact on total build cost and increased strain on the supply chain is expected to continue in H2. Demand remained resilient with the orderbook +2% y/y to £8.5bn. We upgrade NSe FY22 PBT +6% to £134m; we retain FY23 at this stage. The interim divi is +10% y/y to 33p and we now expect a full year divi of 100p (5.1% yield). H1 average daily net cash of £264m remains very high albeit -£30m y/y, predominantly due to investment in Partnership Housing. We now forecast FY22 av. net cash of £250m.
Divisional. Construction & Infra margin increased further to 3.2%; Infra volumes were lower y/y as expected due to timing, offset by growth in Construction (where preferred bidder work grew). Fit Out EBIT +10% y/y, and we now expect £50m for FY22; it maintained its high orderbook. Property Services delivered growth albeit still impacted by delays to decision-making. Partnership Housing EBIT +15% y/y with the margin +40bp to 4.9% and capital employed is now at £179m; av. site size has grown 39% with the number of sites +2%. Urban Regen adj. LTM ROCE was 20%.

Developer Pledge. As previously announced, Partnership Housing signed the developer Pledge and the provisions are not expected to be material to group. Urban Regen has taken a £7m H1 provision in relation to the extended liability period, and in July received a letter from UK Govt requesting it to commit to the Pledge as a mixed-use developer. It has contractual coverage and expects to recover any costs, but its initial assessment is this would involve a charge of £40-50m, before seeking recoveries. This has been recognised as a contingent liability in the H1 accounts.

galeforce1
09/8/2022
15:13
galeforce┬╣,

I'm not too bothered by the present decline in margins but if it were to continue
into the H2 results that would be worrying.

piedro
08/8/2022
08:13
Piedro - that's an interesting graph.
How serious do you think the decline in margins is?
The results looked good to me, although de-cladding is going to cost MGNS quite alot more than originally estimated.

galeforce1
02/8/2022
08:18
Morgan Sindall wins £61m Abergavenny super school job
hxxps://www.constructionenquirer.com/2022/08/02/morgan-sindall-wins-61m-abergavenny-super-school-job/

piedro
20/7/2022
13:31
Half-year results at MGNS on Thursday August 4th. Hopefully everything is continuing to tick along nicely.

We had a trading statement on May 5th which was cautiously optimistic about meeting the 2022 guidance (operating profit of £177m), so there should be no surprises in the H1 figures.

As usual, it is the comments on forward outlook, inflationary pressures, etc. that will be critical.

galeforce1
20/5/2022
20:17
Seems harsh on MGNS, we’ll oversold, but probably won’t break its trend until we’re closer to peak interest rates and inflation. Better prospects in renewable energy and infrastructure, such as 3IN?
woodyjmw
22/3/2022
08:14
Quite a gap up this morning.

Numis has published a research note with a target of £30.00. That might be the reason.

galeforce1
20/3/2022
22:53
I was looking at MGNS's medium term guidance and targets (page 35 of the Results presentation).

They are guiding to operating profits of:

Construction : £30m
Infrastructure £40m
Fit Out: £45m
Property Ser.: £15m
Part. Housing: £35m
Urban Regen.: £12m
Total: £177m

In 2021 total operating profit before Group costs was about £152m.

So in the medium term they see the operating profit £25m higher, which is pretty good.

How long is 'medium-term?

hxxps://www.morgansindall.com/assets/90cae5c3af/FY-2021-slides-FINAL-LR.pdf

galeforce1
18/3/2022
23:29
Morgan Sindall Group disclosed a sale made by its finance director, to cover his tax bill after the exercise of a bonus award.

The FTSE 250 company said Steve Crummett acquired 12,612 shares at nil cost on Thursday, under its 2019 deferred bonus plan.

He subsequently sold 5,944 shares for 2,330p each, netting him £138,495.20 to forward to the tax man.

As a result of the exercise and sale, Morgan Sindall said Crummett’s total holding had increased by a net of 6,668 shares.

master rsi
07/3/2022
12:43
Down to £20.50. Maybe a good day to buy some more?

There has be some impact on MGNS from higher energy prices. But this has to be a business that is only marginally impacted by a consumer slowdown.

galeforce1
02/3/2022
17:43
Margin's are always low in construction and hence the low ratings of the businesses, but MGNS is pretty decent by industry standards. Nice graphs.
woodyjmw
02/3/2022
05:02
FWIW,
In pictures ...



Looks a bit shaky as it's all about margins ...


And here is an 'unapproved' chart, but why I am still in.


Piedro :-)

piedro
26/2/2022
11:24
Chart looks very bullish to me, much higher volumes recently, rising lows, rising RSI during the recent double dip, if it moves above the previous recent high in early Feb, then I would think it will have much further to go, at least to retest the all time highs.
woodyjmw
Chat Pages: 63  62  61  60  59  58  57  56  55  54  53  52  Older
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