Morgan Sindall Share Discussion Threads

[eriktherock] 05/10/2015 15:05

Bought in @ 730ish ahead of news.
shame about the spelling mistake in this thread's title block :-)

[exile] 20/9/2015 21:09

No, I closed in the little bounce we had a few days ago. I will look again tomorrow and (if you are interested ?) let you know.


My focus next week is a small miner XTR the only stock in which I hold a long position.

[exile] 20/9/2015 21:09

Whoops! posted twice.Sorry.

[jadeticl3] 20/9/2015 20:37

Do I take it that you are short on MGNS now, exile.?

[exile] 20/9/2015 17:33

I hold no grudge against any company. You have to admit I called this right. I am interested in this sector and a few years ago had a great run at shorting ROK take a look at the ROK thread (it still exists). I agree that my observations are not normal as apart from looking at the numbers and doing the sums I go and look at the way things are run and talk to people involved. If you have a meaningful amount invested here I would suggest you do the same. I will also stick my neck out to ridicule and suggest that there will be a profits warning in the not so distant future.

[jadeticl3] 19/9/2015 08:45

exile, it is clear that you have a strong grudge against this company. Care to tell us how this happened? Your comments are just TOO negative to be taken as normal observations.

[exile] 18/9/2015 10:54

Profit margin ?????? They can't get the labour to carry the works out at economical prices.

Edit: Next stop 6.00

[piedro] 18/9/2015 10:15

LOL - keep shorting

MGNS contracts received in last 12 months
Civil: ....... £300.9m
Building: .. £1,358.2m
Total: ..... £1,659.1m

[exile] 18/9/2015 09:27

I have also been told by a Sub Contractor that they try to complete work by November as MS do not pay anyone in December, adding another month to the credit extended by the contractors. This is to distort the cash balance and make the accounts look better allegedly.

[exile] 18/9/2015 09:23

I was surprised to find that a large number of their Contracts Managers and Site Managers were self employed via Agencies !!

[piedro] 15/9/2015 03:56

The award of the three main tunnel drives for the Thames super sewer worth £1.8bn in August has shaken up the rankings and established a new order of firms.

Laing O’Rourke in joint venture with Ferrovial Agroman bagged the biggest Central section job at £746m.

The joint venture between Balfour Beatty, BAM, and Morgan Sindall bagged a three-way share of the £416m Western section, while Costain took a 40% share of the Eastern drive at £605m, with Vinci Construction Grands Projets and Bachy Soletanche as it partners.

[exile] 14/9/2015 16:57

Here we go !! This is a short !!!

[mayers] 24/8/2015 17:07

Hadn't seen news of major Thames sewage contract.

[mayers] 24/8/2015 16:23

Holding up well against the wider significant falls. Any comments?

[jadeticl3] 10/8/2015 14:33

After a small set back in Share Price following results, the share price has built again.

[jadeticl3] 02/7/2015 22:03

Should all be back at work today then!

[exile] 01/7/2015 15:33

Too hot for the Personal Protection Equipment today...plenty left site at Cambridge University...no production. Same at Radcliffe School Milton Keynes.

[onjohn] 01/7/2015 09:15

Speedy, the UK's leading tools, equipment and plant hire services company, operating across the construction, infrastructure and industrial markets, today issues a trading update following a slower than expected start to the current financial year ending 31 March 2016 (FY2016).

[exile] 19/6/2015 21:51

jadeticl3... If you have made a lot of money with these on the long tack good for you and I wish you well, however stories and circumstances change. This company will do a spectacular imo just as ROK did 2010 I did ok out of that fiasco as well.

EDIT: Apart fro the fundementals of this co the Grexit will hit the sector hard.

[jadeticl3] 19/6/2015 21:29

Exile, why don't you start a business in opposition to MGNS, and run it how it ought to be run to be successful ? Then we could all be in at the start.
In the meanwhile I will keep my shares in MGNS as they are 4 bangers for me even after today's fall.

[killieboy] 19/6/2015 19:01

No news today apart from Old Mutual increasing their stake. May find something in tomorrows press!

[deadly] 19/6/2015 17:12

Fall of 10% today. Any news?

[piedro] 15/6/2015 15:41

Interesting criticisms.
New regulations?
And how are the other builders doing?

[jadeticl3] 15/6/2015 11:20

Ccmrf1, and exile. Are either of you current shareholders?