Morgan Sindall Share Discussion Threads

[deadly] 17/4/2010 21:48

Looking good for recovery and catch up with other construction stocks.

[its the oxman] 23/3/2010 22:54

can u enlighten us on what you mean?

[piedro] 19/3/2010 16:13

Just seen the Annual Report ......


.... a sickly piece of work - IMHO

Not a pleasure to read.

[jadeticl] 10/3/2010 13:56

Locked in at 7.7% divi (providing they can continue to make the payments) but I reckon that if they were considering a divi cut, this year would have been the time as so many others are cutting. So I remain hopeful of a slow rise in everything over the next two years with divi held.

[deadly] 04/3/2010 23:08

This stock is so cheap it's incredible.

[shano2] 25/2/2010 19:26

Anothwer good contract:

Morgan Sindall plc

25 February 2010



LOVELL AWARDED £30M MAINTENANCE CONTRACT BY GLOUCESTER CITY HOMES



Morgan Sindall plc, the construction and regeneration group, announces today that Lovell, its affordable housing business, has been chosen by Gloucester City Homes (GCH) for a five-year £30 million housing repairs and maintenance contract.



The deal will see Lovell provide a reactive repairs service and deliver planned maintenance programmes for GCH, which manages 5,000 homes for Gloucester City Council. Under the contract, Lovell will also continue to carry out GCH's Decent Homes programme, including the installation of new kitchens, bathrooms and central heating systems, electrical and rewiring work, and other improvements. The company will also carry out adaptations for disabled residents and refurbish void properties.



The contract commences in April 2010.



Paul Smith, Chief Executive of Morgan Sindall plc, comments:



"We are delighted to secure this new contract with GCH. It builds on the successful working partnership which has developed between GCH and Lovell from 2007, when work first commenced on GCH's Decent Homes programme. The five-year contract is testament to our experience and ability to deliver a high quality maintenance service for social housing. This is a significant win for Lovell and marks the continuing expansion of the business."



- Ends -

[mark1000] 25/2/2010 02:19

Milton - Make the most of the divi would not count on it going forward. Expect to see these shares under 5.00 in the next three months probably when they go ex div huge cut back on Government spend who ever wins the next election.

[chrisb1103] 23/2/2010 16:43

Yeah you're absolutely right, thanks for correcting.

[westcountryboy] 23/2/2010 13:30

Yield is actually 7.1% at 590p. Total dividend 42p.

[phillis] 23/2/2010 09:59

so many doubts about the public/construction sector that I feel this is only a yield play for some time to come

[chrisb1103] 23/2/2010 08:47

Yielding over 5.1% at this morning's price. And not as long to wait either.

Thought results were very steady myself and within market expectations. EPS at 93p compared to forecasts around 83p. Year end cash position of £118M. Strong forward order book £1.1BN. So.. am still hoping for upward movement here, still feel this should be around the 650 level. I see people are buying this morning, but in these markets will need to keep a close eye on things!

[the other kevin] 23/2/2010 08:42

In my view that's all you can say about these results. But don't let milton rooms on the other thread hear you say that, Phillis.

[phillis] 23/2/2010 08:20

Divi maintained at least

[milton rooms] 23/2/2010 07:47

Get real in these conditions good result and divi fantastic. Are you on this planet the other kevin?

[the other kevin] 23/2/2010 07:26

Dividend held is about the only good news

[chrisb1103] 18/2/2010 20:56

Chart finally turning up... this has to be heading up nicely from here?

[piedro] 17/2/2010 16:35

....appointed as one of the Delivery Partners ...
is the punchline

... Balfour Beaty gets the M60 / M62 part

9:08 am, February 17, 2010
Hard shoulder to be used on M60 and M62 to ease traffic jams
By James Chapelard
The Highways Agency has appointed Balfour Beauty to tackle congestion hotspots on the M60 and M62.
Balfour Beauty is one of four contractors to be awarded the work as part of £2bn contract to improve traffic flow on UK motorways.
A new traffic scheme will be put in place on the M60 hard shoulder between junction 8 and 12 and on the M62 between junctions 18 and 20 to the north of the city.
The scheme's implementation follows a pilot on the M42 in Warwickshire where congestion was reduced by using the hard shoulder at peak times.

[shano2] 17/2/2010 15:43

Another good contract:

Morgan Sindall PLC
Morgan Sindall JV £2bn motorw
RNS Number : 2730H
Morgan Sindall PLC
17 February 2010




Morgan Sindall plc



17 February 2010



Morgan Sindall JV selected for up to £2bn motorways framework

Morgan Sindall's infrastructure services business Morgan Est and joint venture partner BAM Nuttall have been appointed as one of the Delivery Partners to the Highways Agency's four-year, up to £2 billion National Major Projects Framework to deliver Managed Motorways across England.

The framework will deliver schemes to adapt motorway hard shoulders to accommodate extra traffic during peak periods; it is also expected to involve traffic management and other works including the construction of emergency refuge areas, installation of gantries, speed enforcement systems, motorway signs and CCTV monitoring.

The framework contract includes the delivery of hard shoulder running schemes on the M4 and M5 around Bristol; junctions 5-8 of the M6 around Birmingham (excluding part of phase two of the Birmingham Box) and junctions 32-35a of the M1 east of Sheffield. It will also include two schemes on the M62: junctions 18-20 in Manchester and junctions 25-30 from Bradford to Leeds as well as junctions 8-12 of the M60 around Manchester.

This appointment reinforces the good working relationship Morgan Est has with the Highways Agency. It will also provide them with vital systems installation and commissioning expertise which Morgan Est has developed from working in other sectors including rail and water.

Paul Smith, Chief Executive of Morgan Sindall plc, said:

"This is an important win for our Infrastructure Services division and builds on our relationship with the Highways Agency. Morgan Est has an excellent track record in delivering infrastructure projects of this type and we are very pleased to be working alongside BAM Nuttall. The award underlines our strength in the roads sector, where we are already delivering projects to modernise the motorway networks in the UK."

ENDS

[chrisb1103] 03/2/2010 19:33

Looking a bit firmer maybe? Earnings rns 23/02/10

[zcaprd7] 29/1/2010 16:02

Still a bit weak - I'd be tempted at £4.20 odd...

[shano2] 22/12/2009 10:27

RNS Number : 4239E
Morgan Sindall PLC
21 December 2009

?
Morgan Sindall plc


21st December 2009


Morgan Sindall led JV appointed preferred bidder for GBP417 million
Thames
Water tunnelling project


Morgan Sindall today announces that the MVB joint venture, comprising its
infrastructure services business Morgan Est, VINCI Construction Grands Projets
and Bachy Soletanche, has been appointed as preferred bidder to deliver the
GBP417 million Lee Tunnel for Thames Water.


Morgan Est has a 50 per cent shareholding in the JV, VINCI has 30 per cent and
Bachy 20 per cent.


The project involves the construction of a seven metre internal diameter
storage transfer tunnel, which is approximately 6,900 metres long, from Abbey
Mills Pumping Station to Beckton Sewage Treatment Works. Works include the
construction of two, 25 metre internal diameter shafts and one 20 metre shaft
(two at Beckton and one at Abbey Mills) and a 38 metre diameter off-line Tideway
Pumping Station Shaft.


Work will start in April 2010 and the tunnel will be complete by the end of 2014
in order to comply with the Urban Waste Water Treatment Directive set by the
European Union.


Paul Smith, Chief Executive of Morgan Sindall plc, said:


"This is a very important project for our infrastructure services division.
Being appointed preferred bidder demonstrates the strength and expertise that
Morgan Est has in tunnelling, an area where we have a market leading position.


"It further strengthens our relationship with Thames Water and we look forward
to starting work on the project in due course."

[typo56] 18/12/2009 17:19

The interest today was probably mostly down to the FTSE index changes which take effect on Monday. SmallCap and AllShare funds were probably picking up stock. In the closing auction about 0.85% of the company uncrossed, which is typical of this FTSE move.

I wouldn't be surprised to see it give up a bit of this gain next week.

[deadly] 18/12/2009 16:38

Bounce continuing against the depressed market. Takeover rumours? This stock is ridiculously cheap but doesn't explain the buying now.
And such a quiet board for such a good company.

[deadly] 15/12/2009 17:13

Lovely bounce these last two days, near 20%. Why? Linked with Mouchel? Has been a great trading stock this year with all that volatility.