Morgan Sindall Share Discussion Threads

[soi] 08/12/2011 09:36

Hi Piedro

Just a quick thanks for posting that article, hadn`t seen it.

Cheers

[piedro] 07/12/2011 12:21

Morgan Sindall poaches regen chief to head schools push
Aaron Morby
Tue 6th December
Morgan Sindall has head hunted a former chief of regeneration at Liverpool City Council to chase and develop education project across the country.
Jayne Hettle takes on the new director post for education and will support Morgan Sindall's amibition to provide strategic advice to the local authorities, trusts, and dioceses responsible for education facilities in the UK.
Part of the role involves helping Morgan Sindall bring the resources of its wider parent group to education projects.
These include Morgan Sindall Investments, which provides project funding; Overbury, which specialises in refurbishment; Lovell, the affordable housing specialist; and urban regeneration specialist Muse Developments.
She joins Sindall from Liverpool City Council where she was assistant director for regeneration for more than three years.
Major regeneration projects, asset management, BSF and capital development and strategic investments all fell under her area of responsibility.
A native of the West Midlands, Hettle was previously head of regeneration at Wolverhampton City Council.
She said: "As a group, Morgan Sindall has the strategic resources, insights and contacts to get projects off the ground that might otherwise lack a way forward. .... ....

[canteatvalue] 09/11/2011 11:14

Trading statement released - on track to meet expectations so all good so far! I think this is a wonderful time to own this share, it looks so much like 2003 - incredibly negative sentiment on a sector at a cyclical low with P/E and yield back to ~7. I really like how this company still has huge founder ownership so you know it's being run for shareholders and I'm impressed by the snapping up of Connaught at distressed prices, laying the foundations for growth when the cycle turns. Really happy to sit back and collect my 7.5% yield till the market turns and the shares get a tasty re-rating...

[speedsgh] 24/10/2011 14:14

MGNS mentioned in Motley Fool article again...

[gopher] 18/10/2011 18:51

As far as I can see the shares fell in the sell off but there is just no interest in chasing them higher.

At this level holding the divi is key and I can't see why that shouldn't be the case even on reduced earning expectations

[jadeticl] 28/9/2011 16:12

Nobody in this coalition knows what largesse is anyway, so if it happens it will be coincidental.

However, if MGNS retains its divi of 42p for the year, and the share price stays around 520p-540p it is worth buying for the divi even if it takes a year or to for the company to thrive again.

[jadeticl] 27/9/2011 16:35

Above I was saying the divi was good at prices below 620p!!! In the past week these could have been snapped up at below 520p. The divi will be great if they hold at 42p. Any comments on this?

[alter ego] 18/8/2011 08:10

largesse? are you kidding? whatever the Govt decide to do to tackle this countries problems, I cannot see largesse being part of the solution.

[raspard] 18/8/2011 07:29

Any thoughts about the impact of recent events on MGNS? Once all the political rhetoric about re-introducing Capital Punishment for rioting and aggravated use of social networking sites dies down some money may be found for urban regeneration projects, if only to keep every single lib-dem voter from going Labour at the next election. Is this company likely to benefit from such largesse?

[alter ego] 17/8/2011 11:12

agreed deadly but nobody wants anything connected to construction, infrastructure or housebuilding just now. Just tuck away and enjoy the dividend.

[deadly] 17/8/2011 08:21

Went XD today for 12p without a fall in the share price despite the poor market.
Recent results and major contract wins confirm this is a great company, unnoticed by most around advfn.

[jadeticl] 08/8/2011 15:08

Today's results are not bad (considering all that is going on around these results). If a hold in interim divi signifies a hold in final as well, then at 42p the divi is good at share purchase price of below 620p.

[ryandj2222] 08/8/2011 11:26

Tipped by the fool today!

[nellie1973] 06/7/2011 11:43

Tipped by press today:

Construction group Morgan Sindall, which issued an optimistic trading statement yesterday, operates across a range of sectors including infrastructure, social housing, fitting out completed developments and project management. It sits on a very undemanding valuation of just 7.7 times this year's forecast earnings, falling to 7.1 times next year. Management say they believe that 2011 will be their worst year, after which things should steadily pick up. If that is the case, these shares could look like a real bargain in 12 months' time. Buy, says the Independent.

[theoldcodger] 06/7/2011 10:35

Hi jadeticl

RBS are forecasting a held divi (12p/30p = 42p total) for the current and also next financial year, with a 43.5p payout the year after that.

A good solid company, which a healthy yield, I'm happy to accumulate on down days as a long term holding.

Good luck
TOC

[jadeticl] 05/7/2011 15:41

What are the forecasts for dividends this year, anyone? Is anyone out there?

[wallywoo] 30/6/2011 12:04

Agreed deadly, just picked up another few for my ISA. Nice solid company with improving outlook, nice divi, cash rich and relatively cheap share price

With the pre-close trading statement due next week and results in early August this feels like a good time to buy.

[deadly] 30/6/2011 10:36

This has got to be undervalued now. Forward P/E 7.9 yield 6.6%.
From the statement 5th May:

The Group has made a positive start to the year and is on track to meet its expectations for this year. Our cash position remains strong and the Group's forward order book has increased slightly since the start of the year.

Overall, the Group's forward order book has increased since the start of the year from £3.6bn to £3.8bn and Group's development pipeline has increased by £350m to £1.8bn. The financial position of the Group remains strong, with average cash for the year to date increasing slightly over the level achieved for the comparable period in 2010 and is above the average level expected for the year.

[piedro] 15/3/2011 10:47

Compendium Living, a joint venture of Lovell and housing association Riverside, has been chosen to deliver the £100m Castleward Urban Village scheme in Derby.

[piedro] 04/3/2011 10:39

Contractor Morgan Sindall is pulling out of piling. It has begun talks with the 40 or so employees of its piling division about possible redundancies or redeployment ... ...

[alter ego] 25/2/2011 11:41

that's a very nice contract if they confirm it.

[piedro] 25/2/2011 10:52

Morgan Sindall has been selected as preferred developer for a £450m regeneration scheme in Southampton docks.

The Royal Pier Waterfront regeneration is situated between the Eastern and Western Docks, next to the main operational areas of the Port of Southampton.
The 20-year scheme could potentially include a major mixed-use development with leisure and tourism, specialist retail, boat facilities and residential and office accommodation. It will also provide better public access to the waterfront, an extended park and an improved site for the Southampton International Boat Show.

[spob] 23/2/2011 03:50

Plenty of work for Morgan Sindall



Created:22 February 2011Written by:Jonas Crosland

Investors Chronicle

Morgan Sindall had a busy year integrating its construction and infrastructure services operations into one division. It also acquired service and maintenance group Powerminster Gleeson and a number of contracts from the now defunct Connaught. Despite that, three of the divisions increased operating profits and the total group forward order book grew 13 per cent to £3.6bn.

The affordable housing division grew profits 8 per cent to £16.1m and the operating margin there rose from 4 per cent to 4.2 per cent. The unit's order book grew from £1.3bn to £1.5bn - thanks to fresh work secured through the Connaught acquisitions - and further work is expected to come through as the group's response maintenance capability is expanded. Meanwhile, office fit-out saw turnover jump 43 per cent to £415m and profits rise to £14.8m, although strong competition as a result of fewer offices to fit out meant that the operating margin fell from 4.7 to 3.6 per cent. But margins improved on the construction and infrastructure side, and the order book there grew 21 per cent to £2bn, although operating profit did fall slightly.

Numis Securities expects adjusted pre-tax profit for 2011 of £45m, giving EPS of 79.8p (from £51.3m and 91.9p in 2010).


MORGAN SINDALL (MGNS)
ORD PRICE: 710p MARKET VALUE: £307m
TOUCH: 710-714p 12-MONTH HIGH: 784p LOW: 480p
DIVIDEND YIELD: 5.9% PE RATIO: 10
NET ASSET VALUE: 514p* NET CASH: £149m



Year to 31 Dec Turnover (£bn) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p)
2006 1.50 47.6 78.2 28
2007 2.11 57.6 93.8 38
2008 2.55 62.3 106.0 42
2009 2.21 44.7 77.9 42
2010 2.10 40.7 70.5 42
% change -5 -9 -9 -
Ex-div: 20 Apr

Payment: 16 May

*Includes intangible assets of £230m, or 532p a share



Guide to the terms used in IC results tables.

More analysis of company results


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IC VIEW:
GoodValueMorgan Sindall boasts a diverse revenue stream and a strong balance sheet. Margin pressures are likely to remain in fit-out and construction but, with a tasty yield and a forward PE ratio of just nine, the shares remain attractive. Good value.

Last IC view: Good value, 679p, 29 Oct 2010

[piedro] 16/2/2011 16:31

Morgan Sindall has been awarded a £26.2m to build the Maurice Wohl Clinical Neuroscience Institute for King's College London.