Morgan Sindall Share Discussion Threads

[iomhere] 30/9/2008 15:40

Slytherin
The Times tipped this three or four weeks back but didn't its last figures show a lot of short term credit on its balance sheet?

[slytherin] 30/9/2008 15:32

I'm in at £4.33, it's the sort of bargain I've been patiently waiting for. Fairly strong balance sheet and relatively low risk business model with good track record.

[alter ego] 18/9/2008 09:29

£100m schools contract in Lanarkshire

[protean] 14/9/2008 11:40

Looks like the retracement in the strong downtrend is beginning to stall to me with the possibility of another sharp downward move increasing.

I believe EK is short of this one with a target of £1 or so.

[q4z] 19/8/2008 10:39

Good company. Wrong business areas at the minute.

[samplerboy] 12/8/2008 13:50

Thanks for the info.

[shauney2] 12/8/2008 13:35

Dividends
Latest
Interim
Ex-Div 13-08-08
Paid 12-09-08
Amount 12.00p

You will get the divi.

[samplerboy] 12/8/2008 11:48

Please could anyone tell me if I will get the divi as I have just bought some shares in MGNS today? Am I too late?

[alter ego] 09/8/2008 10:20

njmnjr, I presume you have actually done some research into what MGNS does so Central London is, as you know, not exactly where the majority of their work comes from. This link lists many of the larger contracts they have won this year and helps explain why there is value in this company.

[njmnjr] 08/8/2008 18:43

The construction industry in central london has been busy and there us a great deal of pipeline work still underway. The new enquiries have dissappeared and so what value is a building company if no-one wants to build?

[kenmill] 04/8/2008 10:42

Good results today and increased divi. Weaker areas of the business being counter balanced by stronger ones. Looks oversold to me

[deadly] 04/8/2008 09:55

Good results today. Outlook solid, or strong even. Hope those shorters keep shorting.

[alter ego] 29/7/2008 11:12

Lovell Homes awarded £53m development contract in Hounslow.

zimzoot was right - the outlook is poor.....for shorters

[sheps2] 24/7/2008 11:11

Outlook isnt poor, if that was the case short positions wouldnt have been closed

[alter ego] 22/7/2008 15:03

"rise due to short closing...outlook is poor..."

zimzoot - presumably for your target of £1 ? (post no 112)

[zimzoot] 22/7/2008 13:19

rise due to short closing...outlook is poor...



London Office Prices to Fall Further, Great Portland Predicts

By Andrew Blackman and Peter Woodifield

July 22 (Bloomberg) -- Great Portland Estate Plc, a property company focused on central London with assets of more than 1.5 billion pounds ($3 billion), said prices for offices and stores in the city will probably fall further as purchases become harder to finance.

``Conditions in London's property investment markets remain difficult,'' Great Portland said today in a statement. ``We expect the constrained availability of credit to exert further downward pressure on property values, particularly those with limited rental growth prospects.''

Demand for office space in London has fallen as banks and other financial-services companies cut jobs in response to a slump in the industry. At the same time, slower economic growth in the U.K. has contributed to a drop in retail-property values.

The value of Great Portland's buildings, most of which are in the West End of London, fell 4 percent in the three months through June, the company reported today. Net asset value declined 6.3 percent to 553 pence a share.

Great Portland fell 3 percent to 340.75 pence at 10 a.m. in London, giving the company a market value of 617 million pounds. The shares have dropped 32 percent in six months, while the FTSE 350 Real Estate Index has lost 25 percent.

The number of inquiries for commercial space has dropped by as much as 15 percent this year, Chief Executive Officer Toby Courtauld said today in an interview.

``It has not dried up totally,'' he said. ``People are taking more time.''

Great Portland has ``very little vacant space and very little development space to let,'' according to Courtault. That, coupled with rents for its properties that are lower than average for the West End, make the company less vulnerable to falling real-estate values, he said.

To contact the reporters on this story: Andrew Blackman in Berlin a

[sheps2] 19/7/2008 21:11

Its probably better placed than most of the construction stocks.
Public sector housing contracts, refurbisment and its civil engineering projects will keep Morgan Sindall healthy through these more difficult times.

[alexx] 17/7/2008 08:47

Just wondering the same thing

Here's chart, which we seem to be lacking on this thread

[benson] 17/7/2008 08:42

What the hell is happening? Up 14%

[kibes] 08/7/2008 22:21

alter ego - yes I agree it had £219 million cash on hand showing on its last balance sheet. However, this is not net cash because it also had a total of £835 million in liabilities. When you balance these off against receivables due you are left with shareholders funds of £165 million which are supported only by £122 million goodwill and £35 million intangibles, neither of which will have any value at all if the going gets tough. Of course the £219 million cash is a useful cushion but in reality it is only partly balancing liabilities. I am not short but am interested in companies which look cheap, however this one doesn't look too promising to me in the current environment.

[alter ego] 08/7/2008 13:08

kibes, you overlooked £219m net cash. Commercial property accounted for just £4.9m profit (out of total of £57m) last time so it's hardly worth a further 75% off the share price even if profits halve. I'm not saying everything is rosy - just that it's nowhere near as gloomy as it's priced. Yesterday MGNS won a £28m contract for T3 at Heathrow for example. Of course if you are short or you've only looked at this stock in the last couple of weeks £1 must be the right price. No analysis needed - just pluck a number out of air and deramp for all it's worth.

[adyfc] 08/7/2008 13:03

Commercial property has already fallen 40% this year with more falls to follow.

[zimzoot] 08/7/2008 12:27

commercial property will be worse then residential...

target £1