Morgan Sindall Share Discussion Threads

[samuel 1] 14/7/2003 16:27

wywcu1 - Crossrail go ahead confirmed! Could be the icing on the cake for MGNS
longer term but for now, still all A1 on all current fronts one hears.

With eps of 40p(++??) and great order book, plus prospects for further
extending in their newer areas etc. , MGNS must surely start a run
to £4.00 +

Kind regards

SAMUEL 1

[master rsi] 14/7/2003 15:24

Yes we are moving now 275-282p +3.5p, they were ready for that but the market well up is helping, with little volume, unless there is a delayed later.

[morose] 14/7/2003 15:18

Master rsi
Looks like today - up 3p now - could this be the start of another spike?

[wywcu1] 14/7/2003 14:25

Looks like Crossrail will get the go-ahead this week.

[master rsi] 14/7/2003 14:21

Could it be today when there is a turn round on the share price? now 272-280 +1p
All the Indicators are turning from the oversold position, time to take stock.

[wywcu1] 11/7/2003 11:57

Mad.Max I do hope that you are wrong. On 27th march MS stated that 2003 started in line with expectations across all divisions. Fit Out was showing improvements over volumes in the second half 2002.
Views interims are due circa 11th Aug I would have thought that if this statement was not now correct that MG would say so. They are a very upfront compny.

[mad.max] 10/7/2003 21:21

wywcu1 - interims will be out before the Crossrail decision, that is why I'm bearish short term only.

Master RSI - if the charts were always right, this game would be a doddle and we'd all be on our yachts in the Caribbean!! :-)

[master rsi] 09/7/2003 14:48

Did someone sold at the wrong time ?

You had to be Mad.max to sell just now wrong time of the cycle on the chart, you could do better with waiting a couple weeks or more.
---------------

Some buying today but MMs not in a harry to marked up the price.

[wywcu1] 08/7/2003 11:01

Mad.Max, good post but don't forget Crossrail!

[mad.max] 07/7/2003 22:58

As a very occasional contributor to MGNS threads I confess to not understanding all the "graphical" signals on share price movements. However the general theme seems to be upbeat amongst current postings.

To counter this, I would highlight (as I have done before) that the majority of this company's success is in fit-out in the South-East, and the office property market is currently dead (honest agents in Berkshire will concede that some major towns have from zero to "a couple" of occupiers looking for space over 10k sq ft) with prestige buildings remaining empty.

Also, MSGN have been laying off staff in their fitting out divisions in dribs and drabs over the last 6 months, the most recent last week.

For the record I have just sold most of my holding at 276p, just under my averaged purchase price. If these fly in the near-term then clearly I will be proven wrong (but honest!). Personally I think a short term dip is due, then I'll come back in because longer term IMHO I think it is a good company.

[wywcu1] 04/7/2003 00:10

2 LARGE TRADES AT THE MID PRICE £2.79

[master rsi] 03/7/2003 11:34

The only MM at 283p went up with the rest and now we have a large spread 275-285p +1p, all at the same price.

[master rsi] 02/7/2003 14:52

Nice to see some good trades over Market size.

L2 is pretty good as 3 MMs on the bid and only 1 on the offer, next at 285p though the spread is large.

[wywcu1] 02/7/2003 11:52

RSI where are you pitching the next high at? over £3.20 ?

[master rsi] 02/7/2003 09:47

Time to get in again, as the shares are ready for a turn round on the chart, for those who were waiting for a top up.

Indicators are pointing to this change of direction.

[samuel 1] 30/6/2003 17:39

gre - agree that £4.00 target is conservative, but I was allowing for
current sentiment! There is every reason to expect the share price to
head back over £4.00 after the next trading statement - which I believe
will be very positive in all areas that MGNS operates in - so that
we could be looking at 50% upside in months.

wywcu1 - yes, very interesting trades today and very strange that
price marked down a touch: could it be that old adage about MMs
marking price down for institutional clients to fill a large buy
order?(always an odd one that!) Certainly it would confirm
what I continue to hear about the company's growing appeal
to the funds/institutions.

Once this re-starts its upward movement I think it will pass
its recent £3.15 ish level rapidly.

Kind regards

SAMUEL 1

[wywcu1] 30/6/2003 16:06

solid buy of 117k gone thru at £2.88k. Must be Institutional methinks

[samuel 1] 27/6/2003 13:07

The expected fall back after a good run forward has taken place
but now it is about time for the next move up - there are plenty of
fund managers interested in MGNS(of that I am certain) and I am sure
that those who have not yet bought into the company will have been
watching for the next good entry point: which IMO is here.

Whilst I am not a TA specialist - and in MGNS's case am convinced
mostly by fundamentals and what I hear of current excellent trading
performance, and a far too low forward pe ratio - even I can see
that the RSI got a little too high in the short term, but now
the RSI is around the level that suggests an oversold situation
and the shares are due to move north again IMO.

I stick by earlier posts and think we WILL soon see MGNS
nearer £4.00 - and from the way in which even small trades
move MGNS's share price it would seem reasonable to assume
that MMs are running a tight order book without holding
much stock and that one or two decent institutional
purchases will set the share price racing!

Kind regards

SAMUEL 1

[wywcu1] 24/6/2003 08:52

From last night's London Evening Standard
Headline : BOOST TO RAIL LINK PLAN AS MINISTER IS PUT IN CHARGE.
For info Crossrail has a lot of support including from Alistair Darling and entails an initial £10b (billion)link up between Paddington in the West and Stratford and Isle of Dogs in the East. Four links to other areas could send the bill to £15b.
Now some of you might ask what this has got to do with MGNS ?? The answer is quite simple, this will be a mega tunnel and MGNS must grab a very large slice of the project.
We should know the results within the next couple of months. My money is on this happening because it will assist greatly with the 2012 Olympic bid.

[pfb5] 20/6/2003 11:44

Bluestone plc announced yesterday that it's workmen are not allowed to work with their shirts off in warm weather because of the risk of them contracting skin cancer!

They haven't stopped the men wearin shorts, though, so presumably you can't get cancer on the legs?

[wywcu1] 16/6/2003 13:30

Something going on here. 13k buys 119k sells and 157k ? . looks like the MM's have some big buyer in the wings methinks

[slytherin] 12/6/2003 19:13

There are 26,000 new customers for its social housing every month. Can't fail.

I also see that Lovell are responsible for two huge new developments in the centre of St.Albans. Must be worth a bomb, they start at something like £295k for a 2-bed flat!