Morgan Sindall Share Discussion Threads

[cockneyrebel] 05/12/2014 08:36

Next leg up starting?

CR

[mayers] 27/11/2014 01:56

I'm glad I bought even if a modest amount.

[puffintickler] 26/11/2014 17:20

You have your answer...

[puffintickler] 26/11/2014 17:18

Nice rise today, missed your heads up this morning, that would have made a nice day's profit to buy!

[cockneyrebel] 26/11/2014 09:19

Large uncrossing trade last night too.

Seller cleared perhaps.

CR

[cockneyrebel] 26/11/2014 09:17

Chart bottoming imo.

upgraded to Buy at Librum. The recent warning was over contracts the previous CEO had overseen, not a screw up by the new CEO - possibly a great opportunity here. Illiquid - great yield tho.

All imo/dyor etc

CR

[mayers] 20/11/2014 12:21

Not fallen significantly on two bad days for most stocks. Is this the bottom, excluding wider factors.

[mayers] 20/11/2014 12:18

On two bad days for most stocks this seems resistant to any similar falls. Is this the bottom, excluding wider factors?

[deadly] 11/11/2014 15:28

recent contract wins haven't moved it, yet.

[denbos] 11/11/2014 15:26

With big contracts in the offing and a profit warning I'm amazed that the price has sunk so low.

[master rsi] 10/11/2014 09:34

LONDON HIGHLIGHTS

Morgan Sindall (MGNS), Costain (COST) and Carillion (CLLN) have secured places on the Highways Agency's five-year £5.0bn framework for the improvement of England's motorways and major A roads.

Morgan Sindall rose 1.69% to 645.75p, Costain fell 0.04% to 300.13p, and Carillion added 0.67% to 337.15p.
----------------
Morgan Sindall Group plc secures appointment on GBP5 billion Highways Agency Collaborative Delivery Framework

Morgan Sindall Group plc, the construction and regeneration group, today announces that its construction and infrastructure division, Morgan Sindall plc, has been appointed by the Highways Agency on the largest ever framework for the improvement of England's motorways and major A roads.

Morgan Sindall plc, in joint venture, has been selected alongside four other contractors to deliver large scale strategic improvements to England's roads on schemes valued between GBP100m and GBP450m, in Lot 3b of the Collaborative Delivery Framework. The framework is estimated to be worth up to GBP150m per annum to the joint venture.

The Framework, which will run for four years with the potential to extend to six years, provides a cost effective way for the Highways Agency to procure up to GBP5bn of investment in England's motorways and major A roads over the next five years.

Graham Dalton, Highways Agency Chief Executive said:

"This framework is the largest we have ever awarded. It will allow the Agency to deliver large scale improvements to England's strategic roads, enabling economic growth across the country.

"It is not just the scale of this framework that is important, but the way it is designed to bring the Agency, designers and contractors together in one large collaborative team. We expect to deliver this major investment programme efficiently, speedily, and with real effort to minimise disruption to road users while we build."

John Morgan, Chief Executive, Morgan Sindall Group plc said:
"We are delighted to have been selected by the Highways Agency for such a large-scale framework contract that will significantly transform England's roads. Our appointment is a notable development for Morgan Sindall plc, as we continue to deliver complex, high-quality construction projects."

[denbos] 24/10/2014 12:54

I'm with the buyers. I'll top up.

[a2584728] 24/10/2014 12:42

And that has everything thrown into it, watch this space, I. Am buying.

[puffintickler] 24/10/2014 12:22

Denbos

I think he must be already on board. 80(

Seriously though, a 10% drop looks fair on today's statement. Jam tomorrow is promised, but Mr Market is always looking at today.

I will hold, no point in selling at this price.

[denbos] 24/10/2014 12:12

Quick - Get the man from Tesco!

[a2584728] 12/3/2014 14:33

These will fly this year, the fit out market in London is on fire and they are certain to win their fair share.

[piedro] 03/3/2014 09:29

Morgan Sindall signs £450m Southampton deal
Fri 28th February
A joint venture of Morgan Sindall Investments Limited and funders Lucent Group has signed a development agreement for the £450m regeneration of the Royal Pier Waterfront in Southampton.
hxxp://www.constructionenquirer.com/2014/02/28/morgan-sindall-signs-450m-southampton-deal/

[jadeticl3] 09/1/2014 15:48

Good rise today--well up to now anyway.

All we need now is a piece of good news and the re-instatement of the previous divi of 42p and we are laughing..

[hyden] 07/11/2013 20:54

Another excellent day. New highs. Very pleased. :-)

[redips2] 07/11/2013 12:15

well this IS nice----hope this rise holds :)

[redips2] 07/11/2013 08:58

RNS Number : 3954S

Morgan Sindall Group PLC

07 November 2013

7 November 2013

Morgan Sindall Group plc

Q3 Interim Management Statement

Morgan Sindall Group plc ('the Group') today announces its Interim Management Statement for the period from 1 July 2013 to date.

Group Performance

The overall Group performance in the third quarter ('Q3') was in line with the Board's expectations as at the time of the half year results on 5 August 2013 and followed a broadly similar trend to the first half. Within this, Group revenue held up well when compared to Q3 2012, whilst Group margin was impacted primarily by margin contraction in the Construction & Infrastructure division.

The Group's forward order book as at the end of Q3 was GBP3.3bn, up 6% from the half year position.

Operating Performance

In Construction & Infrastructure, there has been no significant change in market conditions or performance in Q3. The focus for the division remains on operational delivery, contract selectivity through the risk management of contractual terms & conditions and working capital management. As markets recover, upward pressure on material costs and subcontractor costs will provide additional management challenges.

Fit Out has seen no significant change to performance or order book in Q3 compared to the first half, however there are early indications of increasing confidence of market improvement through 2014 and beyond.

As expected, performance in Affordable Housing has improved in Q3 over the first half. This has been driven primarily by continued positive trends in its open market housing activities, with an increase in open market house sale completions of 41% in the nine months of 2013, compared to the same period in 2012. However, there remains significant competitive pressure on construction revenue and margins, exacerbated by increasing material costs and subcontractor costs.

The level of activity on Urban Regeneration projects continues to provide confidence that the division is well-placed to benefit from 2014 onwards. Since the half year, the division was appointed by South Tyneside Council as the sole developer of the GBP100m South Shields 365 town centre renewal.

Investments continued with its strategy of recycling its invested capital, with the sale of its interest in Tayside Health Holdings Limited during the period, at a value in line with expected returns from this division.

Financial Position

Net debt as at 31 October 2013 was GBP15m. The average daily net debt from the start of the year up to 31 October was GBP23m, a continued improvement from the half year average of GBP32m. Q3 average daily net debt was GBP13m.

Outlook

Based upon current progress across all its activities, the Group is on course to deliver a result for the year in line with the Board's expectations. Looking further ahead, the Board remains confident that the business is well-positioned to benefit from profitable opportunities as its markets recover.

ENDS

[hyden] 08/10/2013 18:48

Agreed. Very pleased to own this share. :-)

[hyden] 03/10/2013 21:32

Very pleased. :-)

[redips2] 03/10/2013 16:08

and still we creep up---v nice .