Morgan Sindall Share Discussion Threads

[afiaaktar] 10/8/2009 08:23

Interims out this morning:

Group Highlights


* Solid results, in line with management's expectations, despite challenging
market conditions
* Improved performance and contribution from Construction and Infrastructure
Services divisions, bringing further balance to the Group
* Financially robust, with strong net cash position and renewed banking facilities
* Well positioned to benefit from opportunities the market will present



John Morgan, Executive Chairman, commented:


"While the construction industry will face challenging trading conditions in the
short term, we are in good shape and will emerge from the downturn a much
stronger business. Operationally and financially we are well set to take
advantage of the opportunities for further growth that will arise in our chosen
markets.


"We are confident of meeting our expectations for 2009."

[deadly] 02/7/2009 10:30

Solid trading statement but negative market reaction. Seems good value from here.

[riskblue] 23/6/2009 17:30

Looks as though Standard life are reducing their position. The question is how far?

[riskblue] 19/6/2009 14:02

Well - I meant upwards, but as you say - perhaps not. It can be a bit volatile.

[phillis] 18/6/2009 12:58

perhaps not

[riskblue] 17/6/2009 08:58

A good steady re-rating is underway I hope.

[explorer88] 11/6/2009 15:13

MGNS's rise continues :-)

[explorer88] 03/6/2009 13:52

MGNS continuing to rise nicely :-)

[seven wonders] 22/5/2009 14:12

Alizyme (AZM) moving up.

[kenmill] 30/4/2009 09:59

Solid AGM statement today - the market seems reassured

[lizafl] 15/4/2009 09:04

Got back into this yesterday to be sure of the dividend. Gone ex-div today - 30p per share.

[explorer88] 14/4/2009 09:29

rising nicely :-)

[jamie62] 04/3/2009 15:09

so more redundancies are the way then

[riskblue] 25/2/2009 09:16

I agree. it is also a great buy for value investors. Strong performance in such troubled times.

[steeplejack] 25/2/2009 09:09

A must for income funds

[chester] 22/1/2009 06:13

It came down yesterday and bounced off the trendline, in my opinion its set for a run up here.

[cockneyrebel] 05/1/2009 08:55

Fabulous looking chart here - after the recent tradin gstatement it looks a no brainer imo.

CR

[blackfox] 19/12/2008 22:42

We may even see £10 again.

[phillis] 19/12/2008 16:45

..and a good dividend

[riskblue] 18/12/2008 12:05

Great pre close statement. A quality company that, in my opinion, is a good low risk play in these interesting times.

[blackfox] 18/12/2008 07:12

Interesting


Outlook

The Group is financially robust and remains on track to achieve a record result in 2008 with each of our divisions performing in line with our expectations. The forward order book remains strong at £3.8bn and in addition to this Urban Regeneration's development pipeline has increased to £1.3bn. In the current economic climate each division is putting an increased emphasis on cash management, cost reduction and supply chain improvements, as well as responding to market growth opportunities where they present themselves. We therefore remain well placed to meet the challenges and opportunities we face in 2009 and to deliver long term sustained growth.

[phillis] 31/10/2008 17:50

might be some short closing here

[alter ego] 27/10/2008 17:37

yes there is but what's the point? This market makes no sense so let's just sit and wait until it starts basing share prices on some fundamentals