Morgan Sindall Share Chat (MGNS)

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
	-2.00p	-0.15%	1,300.00p	1,294.00p	1,302.00p	1,320.00p	1,290.00p	1,290.00p	15,371	16:35:29

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Construction & Materials	2,971.5	80.6	149.8	8.7	592.82

Morgan Sindall Share Discussion Threads

Showing 1301 to 1324 of 1325 messages

Chat Pages: 53 52 51 50 49 48 47 46 45 44 43 42 Older

Date	Subject	Author	Discuss
25/4/2019 04:12	Interesting investor comment on IC: Morgan Sindall. Unlike the largely flawless CSP, MGNS has one weaker ratio. Margin. Currently under 3%. This is expected to increase, but only to just above 3% or so. Such is the nature of the construction sector, these are the margins that they operate with. Add to that the problems with other sector participants - Carillion, Kier etc and the market is cautious But a business in a tight margin sector can thrive if extremely well managed. The proof is in the pudding, MGNS has year end net cash of £207M with a market cap of £518M. Nobody can tell me that MGNS is anything other than a well managed thriving business Growth is difficult to estimate year on year, MGNS forecast modest growth in the previous year, but ended up coming in with 25% growth, again they promise little but deliver strongly. Growth this year is forecast to be flat, but MGNS normally comes in well above forecast. Also, while the divi is c4% this year, the cover is very large, over 3 times. Therefore, at current earnings, even after the dividend has been paid, the growth in balance sheet equity will be around 8%, is this growth any less important to shareholders than earnings growth? But earnings growth comes from MGNS in abundance and even if MGNS have a flatter current year in terms of earnings growth, the growth in balance sheet strength will continue unabated. The trailing PE is just over 9, cash adjust and the mind boggles. Challenging sector, but a great business I find it fascinating to contrast what is happening to the balance sheet of MGNS compared to others in their sector - Carillion is no more, Kier looks doomed, Galliford has problems. The thinning out and the weak performance of many in the sector can only help MGNS. If you were a competent local authority chief, the last thing you want to do is to award a long term development contract to a company that could go bust, it could cost you your job and throw the LA into turmoil. You would not touch the likes of Kier with a barge pole	bogdan branislov	Read Full Thread Reply
18/4/2019 09:54	Https://www.constructionnews.co.uk/buildings/contracts/winners-700m-city-london-framework-revealed-17-04-2019/	jaws6	Read Full Thread Reply
18/3/2019 09:53	Morgan Sindall wins 20-year Sellafield civils deal https://tinyurl.com/y3lbcwnb	piedro	Read Full Thread Reply
25/2/2019 17:17	Are you buying or selling?	jadeticl3	Read Full Thread Reply
25/2/2019 16:40	Nice late but £150k @£12.26	ayl30	Read Full Thread Reply
22/2/2019 10:57	Morgan Sindall valuation doesn’t reflect the quality, says Numis The valuation of construction company Morgan Sindall (MGNS) does not reflect the ‘quality and growth profile’ of the business, says Numis. Analyst Howard Seymour retained his ‘buy’ recommendation and target price £15.65 on the shares, which were trading at £11.34 yesterday. He noted the strong profit growth in construction and a ‘major scope for recovery’ in partnership housing and urban regeneration. ‘This should drive double-digit earnings growth from 2020 onwards, but in our view also merits a higher valuation going forward as longer term, more predictable profit streams become the drivers,’ said Seymour. ‘Strength of balance sheet, underpinning investment in asset-intensive areas, adds an additional dimension to the quality of earnings argument. A sub eight times price/earnings [ratio] and yield of 5% this year clearly does not reflect the quality and growth profile of the group.’ HTTPS://citywire.co.uk/funds-insider/news/the-expert-view-centrica-barclays-and-purplebricks/a1203259?section=funds-insider&_ga=2.238862656.1788062811.1550832707-226313152.1550832707#i=6	philanderer	Read Full Thread Reply
21/2/2019 11:05	Peel Hunt reiterates 1,600p target price today solid results IMHO. dividend up 18% and 'The total dividend per share is 2.9 times covered by adjusted earnings per share'.	mfhmfh	Read Full Thread Reply
21/2/2019 07:27	Not too shabby at all - margins increasing - strategy of bidding for higher quality work paying off - best in the construction sector by a long way. Year end net cash 40% of market value.	podgyted	Read Full Thread Reply
21/2/2019 07:08	Results look ok	jadeticl3	Read Full Thread Reply
20/2/2019 18:47	And what price tomorrow?	podgyted	Read Full Thread Reply
01/11/2018 10:42	Today: Liberium Capital target price 1,750p Peel Hunt target price 1,600p	mfhmfh	Read Full Thread Reply
01/11/2018 10:18	Good to see Liberum Capital and Peel Hunt retained their buy rating (I guess with unchanged target price).	alotto	Read Full Thread Reply
01/11/2018 10:11	They are focusing on quality over volume so not too co concerned about this, especially as construction margins up to 2% (versus 1.7% in H1 results so a big increase in percentage terms).	riverman77	Read Full Thread Reply
01/11/2018 08:14	Think its a bit of an amber flag, however they are linking this to their strategy of maintaining/increasing margins. If their revenue growth is not as good as in the past but the wafer thin margins increase then that's ok for me	podgyted	Read Full Thread Reply
01/11/2018 07:21	How much warning behind these statements? .. The Group's committed order book as at 30 September 2018 was GBP3.4bn, down 11% from the year end position (down 5% from the half year)... As at 30 September 2018, Fit Out's order book was GBP470m, down 13% from the same time last year and down 6% from the year end... Investments has been held back by further slippage in timing of some schemes in its strategic property partnership joint ventures with local authorities, which will impact its performance for the year.	alotto	Read Full Thread Reply
15/10/2018 09:27	These analyst’s target prices look at odds with what is happening! But why such a decline in this share’s price. No bad news I know of justifies this. Why then?	jadeticl3	Read Full Thread Reply
11/10/2018 08:09	Ex-div today	jack_c_hk	Read Full Thread Reply
09/10/2018 09:51	Liberium Capital target price 1,750p Peel Hunt target price 1,600p	mfhmfh	Read Full Thread Reply
09/10/2018 09:23	Drifted below the 200 day MA. No obvious reason for the slow decline.	goldry	Read Full Thread Reply
09/10/2018 09:15	this from half year results published on 08.08.18: 'the Group is on track to deliver a result for the year which is slightly ahead of its previous expectations.'	mfhmfh	Read Full Thread Reply
09/10/2018 09:14	disappointing share price fall. ex-div on 11.10.18.	mfhmfh	Read Full Thread Reply
21/9/2018 07:29	https://www.constructionenquirer.com/2018/09/20/morgan-sindall-bags-384m-london-scheme-first-phase/	jls21	Read Full Thread Reply
12/9/2018 17:03	few big buys today	mfhmfh	Read Full Thread Reply
15/8/2018 18:04	huge buy gone through late in the day.	mfhmfh	Read Full Thread Reply

Chat Pages: 53 52 51 50 49 48 47 46 45 44 43 42 Older

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