Morgan Sindall Share Discussion Threads

[rabiddog] 01/10/2024 13:54

Knowing wythenshawe well reckon that 500m revamp of city centre might slip out a bit lol

[jampot7us] 01/10/2024 12:31

Flying again..

[piedro] 14/8/2024 10:23

Muse lands £500m Wythenshawe town centre revamp

[don carter] 08/8/2024 10:59

Way better than I expected, given "challenging market conditions". LTBH.

[master rsi] 08/8/2024 08:40

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."

[eigthwonder] 08/8/2024 07:59

Didn't realise they were in business with a whiney environmentalist

[mattmo74] 08/8/2024 07:24

Greta set of results this morning

[piedro] 02/8/2024 08:46

Morgan Sindall wins £65m Blackpool Multiversity

[mrscruff] 31/7/2024 11:48

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?

[piedro] 26/7/2024 16:32

Interims in 10 days

[jampot7us] 26/7/2024 16:20

That's a nice days rise..update Aug 8th..seems a bit early to be connected..

[galeforce1] 26/7/2024 15:17

Any reason for the sharp rise here today?

[mrscruff] 23/7/2024 16:56

Bought a batch of shares for higher than I sold out of here in the ISA. The numbers make this look like one of the best value stocks out there that has quality growth and momentum. Holding this one in SIPP for the long run now.

[galeforce1] 10/7/2024 08:11

There's been several big new appointments at head office - new CFO and other important replacements.
These shares may be part of their compensation packages.

[piedro] 10/7/2024 00:13

Between the first and today a large number of shares have been issued
without explication ...



... any ideas?

[don carter] 09/7/2024 14:20

They've got to be uplifted by the new Labour government's policy on housebuilding, especially of affordable housing and urban regeneration. Now at 2635p today. Rise since 2nd May [post 966] in anticipation of this?

[jampot7us] 03/6/2024 09:18

All quiet here, good to see the price ticking up nicely these last few weeks..

[master rsi] 02/5/2024 11:13

2,255p (+5p / 0.22%%) Morgan Sindall backs annual outlook with Fit Out trading "very strong"

(Alliance News) - Morgan Sindall Group PLC on Thursday said it was confident of meeting full-year expectations underpinned by a "high quality" order book.
The London-based construction group said trading since the start of the year has been as expected.

Chief Executive John Morgan said: "Since the start of the year, trading has been as expected and looking ahead to the rest of the year, our high-quality secured order book gives us great confidence of delivering a full year performance which is in line with our expectations."

Construction and Infrastructure have both performed as expected, while Fit Out's trading has been very strong, the company said.
In Property Services, the underlying operational performance has been as expected, however its first half result will also be impacted by exit costs relating to an underperforming contract.

Partnership Housing has benefited from the improved housing market since the start of the year.
As expected, there has been a lower level of scheme completions in Urban Regeneration compared to prior years and its full year performance is anticipated to be significantly weighted towards the second half, Morgan Sindall remarked.

Morgan Sindall said the total secured order book at March 31 was GBP9.0 billion, up 1% from the year end and up 1% versus the prior year.
Morgan Sindall anticipates that the average daily net cash for the full year will be well in excess of GBP300 million.

[thamestrader] 02/5/2024 07:43

Today's trading update is not the most thrilling I've ever read.

[piedro] 14/4/2024 11:57

FWIW - comparison of the 'greats' ...

[mrscruff] 08/4/2024 15:09

Could it be simply that the government has not got enough money to maintain social housing and the budget was simply cut?

Have to say, the fitting out offices nicer to encourage workers back into the workplace is a real thing. Hope it continues for a long time as a mega trend instead of a fad. Personally I think its a mega trend.

[galeforce1] 01/4/2024 10:15

Mr Scruff - no. It's still a mystery to me why Property Services had such a bad 2023.

It's quite a big loss in a division where you would think there isn't alot or risk.

All surprising in such a well run business.