Morgan Sindall Share Discussion Threads

[deadly] 25/8/2009 21:31

Goes XD tomorrow for 12p. With this good run recently, will be interesting to see if it drops back at all. It's still undervalued.

[mf10] 14/8/2009 10:43

Another big buy of £730,000. Seems trading is going on outside the book so not showing on L2. Someone is buying up stock today.

[mf10] 14/8/2009 09:13

It does seem to bounce around like crazy in terms of price.
Someone purchsaed £500,000 worth at 20p a share this morning then a load of sells went through and the price dropped right back.
I wonder if it will manage to go up from 630p where it seemed to be stuck before now that it's had an upgrade to 700p.
Who knows. Seems to have enough interest at the moment. I don't understand all the sells as surely they must have lost money. Seems like people were waiting to ditch after the drop and are accepting losses right when the price has started to move up again.
I can't make anything out of L2 on this one as the price spreads are large and the orders tiny compared to mainstream stocks. This is a FTSE 250 share!

[afiaaktar] 14/8/2009 08:57

The relative illiquidity of the share means that a sale like that mentioned above results in an exaggerated fall in the share price (in this case good news as I was able to buy a few at 590p !!). It is a very similar situation at PayPoint.
In situations like this level 2 is a Godsend as you can usually work out at which point there will be the rebound.
In the case of MGNS I hope and expect the share price to move forward now.

[mf10] 14/8/2009 08:10

Price and volume seem to be moving at last after the slump which I can't find a reason for except a small sale by one of the institutional investors a couple of days ago.

[jadeticl] 10/8/2009 15:54

I have just carried out an interesting exercise--looked back on this thread to July 2008. I noted that many were concerned that EK was shorting this stock down to £1, and that several others were in the range from that figure to £2. I note as well that EK was shorting Barrats at 60p--said there was no value in that company. I hope he put huge sums where his mouth was.

Me? I was not fool enough to sell MGNS, and still enjoy the divi.

It is surprising to see how confidently some folk make predictions that in hind sight are seen to be absolute ribbish.

[riskblue] 10/8/2009 07:29

Interims pretty much in line with expectations. No surprises and good forward looking position.

[afiaaktar] 10/8/2009 07:23

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 09:30

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

[riskblue] 23/6/2009 16:30

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

[riskblue] 19/6/2009 13:02

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

[phillis] 18/6/2009 11:58

perhaps not

[riskblue] 17/6/2009 07:58

A good steady re-rating is underway I hope.

[explorer88] 11/6/2009 14:13

MGNS's rise continues :-)

[explorer88] 03/6/2009 12:52

MGNS continuing to rise nicely :-)

[seven wonders] 22/5/2009 13:12

Alizyme (AZM) moving up.

[kenmill] 30/4/2009 08:59

Solid AGM statement today - the market seems reassured

[lizafl] 15/4/2009 08:04

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

[explorer88] 14/4/2009 08:29

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.