Morgan Sindall Share Discussion Threads

[kenmill] 04/6/2008 09:58

Difficult to get the timing right in this sort of market. I am getting very close to buying more now - yield of 5% to support the price. Wait until you hear the knife clattering on the ground. You may have heard it just hitting a ledge on the way down last week !

[gunnerman] 04/6/2008 09:30

Well..I'm baffled. Bought in last week on the back of strong director buying to watch the price tumble from 970 to 800 on small volume. My little fingers are looking very blacked and crisp.

[kenmill] 30/5/2008 16:56

Panmure has issued a sell note which seems to have had some effect-although turnover not that high. Will take a few months for this to recover - it seems over-sold to me. Paul Smith obviously thinks so as well, having spent over £300k on shares this week.

[kenmill] 17/4/2008 09:42

MGNS mentioned by the OFT as one of 112 companies involved in price fixing today

[tom89] 22/2/2008 14:21

Never trust director buys. I did and lost.

[mitzis] 22/2/2008 10:10

bought a few @1050p today.

[fieldhouse] 19/2/2008 09:46

The directors certainly knew good share value when they topped up !!!

[phillis] 19/2/2008 08:01

...and excellent results/prospects

[phillis] 12/2/2008 08:11

Like many others now way oversold

[riskblue] 10/1/2008 14:24

It may go further along with the market/sector etc, but I am simply tucking them away and waiting for the comeback, which will happen. This share has suffered in this way before and always bounced back.

[dr darkstar] 10/1/2008 10:13

It may be red hot, but it looks like its broken long term support from summer 2006 now

[hectorp] 21/12/2007 20:00

Tipped in shares Mag, 'Red Hot share for 2008' article.

[kenmill] 20/12/2007 17:11

I agree the directors' purchases are a very good sign and perhaps an indication that the sell off is overdone

[gre] 20/12/2007 10:44

Barclays may have reduced their holding but of much greater significance are the big share purchases by the directors this week. Good to see John Morgan in particular splashing out a lot of money. We have also had two very positive trading updates in the last few weeks.

I am hopeful that the share price will now start to recover the ground lost in the last couple of months because this is a very well run company with a growing order book.

[kenmill] 14/12/2007 15:08

Well, it looks as thought the reason for the fall is Barclays' funds reducing their holding. May or may not be MGNS specific or just moving into cash.

[bugs22] 04/12/2007 11:38

Well and truly down past the 12.00 support level now

[kenmill] 30/11/2007 17:10

The only note of caution at the presentation was in relation to the banking sector. It would appear that has caused a bit of selling but may be overdone as it doesn't take much trade in these shares to move the price signifacantly either way.

[alter ego] 30/11/2007 16:54

trading update a few days ago gives no cause for concern

[deadly] 30/11/2007 15:54

tuffbet - would be very useful if you could add some charts to the header.

New low today and could be time to get in if not already even if Robbie Burns might be stopping out soon.

[penpont] 23/11/2007 16:38

I notice Robbie burns bought today. Never gives much away in terms of analysis but his record is v good:

'I bought Morgan Sindall (MGNS) today 300 shares at 1220.6p. Interesting housing stock that has amazing support at 1200. It's bounced off this level so many times in the past which makes it an easy buy as if it falls below 1180 support will have gone and I'll exit. Looks so cheap now. Target 1500 stop 1175.'

[kenmill] 20/11/2007 10:33

Just panic among PIs now -sell everything while you can syndrome - just have to sit tight for now. The market may go down another 5-8% yet.

[alter ego] 05/11/2007 13:22

The only negative I can see is the possible downturn in FitOut resulting from cutbacks at big banks and any knock on effect. Having said that, I too thought low £14 was too good to ignore and bought another slug. Even if FitOut suffers a bit (and I don't know it will) the affordable housing side and the Muse business should continue to motor merrily away. MGNS seems prone to big swings on no news and they are looking well oversold to me. Let's hope we're both right. alter ego

[riskblue] 05/11/2007 13:17

Interesting couple of days for MGNS. Two big down days in a row. I know of no bad news, nor any expected problems so have been unable to resist dipping in again on Friday and again today. This has been a great share over recent years and I can't see why it won't continue to be so. If you know differently, let me know.

[kenmill1] 10/8/2007 15:13

US on the turn after big opening fall - most shares seem to be on the turn as well - for now