Morgan Sindall Share Discussion Threads

[douglas fir] 07/8/2017 12:25

hxxps://talentawards.constructionnews.co.uk/shortlist-2017?utm_source=EM22&utm_medium=email&utm_campaign=1%20-%20AWD_CN_InvestingTalent_EntriesAcquisition_2017

......nominated in 6 categories.......

[saturn5] 04/8/2017 20:35

A share with a steady rise in the sp

Certainly one for the long

[piedro] 04/8/2017 20:26

Looking forward to the Interims - 08/08/2017

[broadwood] 04/8/2017 15:54

Unstoppable recent performance. Reaching new highs by the day.

[thorpematt] 26/7/2017 22:42

A nice breakout on previous record highs. Not that expensive on most measures especially considering my first statement. Brokers forecasts continuing rise also.

[piedro] 25/7/2017 09:03

Morgan Sindall hunts top talent at virtual jobs fair
Morgan Sindall Construction & Infrastructure is running a second virtual careers fair after a pilot event in March proved a big success.
hxxp://www.constructionenquirer.com/2017/07/21/morgan-sindall-hunts-top-talent-at-virtual-jobs-fair/

[broadwood] 24/7/2017 07:47

But all is not necessarily ill in the sector, with Morgan Sindall having successfully trudged the long road from profit warnings just a few years ago, to now frequently topping the list of contractors winning the most work.
Collingridge pointed to the fact that in the year to June, Morgan Sindall won 342 deals, according to the data compiled by Construction News.
The company has not been going for the so-called “blockbuster” deals, but rather gunning for the £10m-£20m mid range contracts for things like a office block fit-out, or a university extension.
Its focus on the smaller stuff added up too, with £2.6bn in new contracts recently reported, without the looming threat that the occasional bad deal won’t bring the company down around it.
Collingridge did note that Morgan Sindall’s regeneration arm did go for larger projects, including a £650m deal to construct a mixed-use development in Salford, but those paid out over many years, allowing for a long and steady income stream.

[broadwood] 19/7/2017 14:39

Gives a nice warm feeling.


- Morgan Sindall Group revealed its profits are going to be "substantially" ahead of expectations thanks to margin and profit growth in office fit-out and margin improvement in construction and infrastructure in the first half of the year.
Profit before tax for the group's six months to 30 June are expected to come in at roughly £23.5m, around 45% higher than the previous year's.

Cash generation has been strong too, with average daily net cash for the first half of £132m and net cash in the bank of £97m.

The Partnership Housing and Urban Regeneration divisions have both traded as expected, with the latter lower than in the prior year period due to the phasing of its scheme completions, while there were "modest" profit contributions from both Property Services and Investments.

For the full year results "will be significantly ahead of its previous expectations", Morgan Sindall said, thanks to "much stronger" prospects for Fit Out based on current trading, plus the size and quality of its order book, plus expected margin improvement in Construction & Infrastructure and the second half weighting to Partnership Housing.

Half year results will be published on 8 August'.

'

[thorpematt] 19/7/2017 09:32

Looks highly likely.

I broke one of my portfolio rules by adding last week prior to the update. I just felt that the outlook, value and chart were at the point where it was relevant to buy and whilst there is also some luck with such decisions I am very pleased to have done so.

The "significantly ahead of expectations" comment is going to drive the share price here IMO.

Broker upgrades to follow. I thought it was cheap anyway but I will revaluate later my calcs later today also.

[essential] 19/7/2017 08:08

Hopefully a breakout today leading to a rerating

[broadwood] 19/7/2017 07:11

Superb.

The performance of Fit Out in the first half, its current trading patterns and the forward visibility provided by the size and quality of its order book, indicate an out-turn for the year for Fit Out which is much stronger than previously expected. Taken together with the expected margin improvement in Construction & Infrastructure and the second half weighting to Partnership Housing, the Group now anticipates that its 2017 full year results will be significantly ahead of its previous expectations

[piedro] 18/7/2017 10:27

Winners revealed for £6.6bn HS2 Phase One
...
The consortia to miss out were: ASL (Acciona Infraestructuras, John Sisk & Son, Lagan Construction Group), Catalyst (Bechtel), Fusion (Morgan Sindall Construction and Infrastructure ,BAM Nuttall, Ferrovial Agroman (UK), LFM (Laing O’Rourke Construction, FCC Construccion,J. Murphy and Sons) and Momentum Infrastructure (Dragados, Hochtief Infrastructure, GallifordTry Infrastructure).


- disappointing but on the other hand MGNS are very keen on pricing and have been through the Carillion Construction phase

AIMHO, BWDIK.

[bend1pa] 22/6/2017 17:11

Sold yesterday at 1190. Nice double-bagger in 11 months. I can't see the share price advancing that much further but who knows. Good luck to those who hold.

[bend1pa] 22/6/2017 17:04

Sold yesterday at 1190. Nice double-bagger within a year. I can't see the share price advancing that much further but who knows.

[standish11] 02/6/2017 09:47

Just announced that the latest construction sector PMI beat expectations by a wide margin and is the highest figure since Dec2015. May give a boost to construction stocks today.

[piedro] 12/5/2017 20:02

Problem having 2 threads ...

[tdog1975] 12/5/2017 14:42

Feeling good here ?

[piedro] 11/5/2017 14:11

Better, they have been top of the "Top 100 Contractors: Yearly league" all this year

Chart:
Total value of work won in rolling 12 months

[martinthebrave] 11/5/2017 13:27

Construction wins for April - £285m - hxxps://www.constructionnews.co.uk/data/league-tables/galliford-try-takes-first-league-win-in-five-years/10019753.article

[broadwood] 09/5/2017 16:02

Peel Hunt today reaffirms its buy investment rating on Morgan Sindall PLC [LON:MGNS] and raised its price target to 1200p (from 900p).

[broadwood] 04/5/2017 07:24

That should do nicely.

Based upon the size and quality of the Fit Out order book and its operational performance to date, and with the lower net interest charge resulting from the better cash performance, the Group is on track to deliver 2017 full year results slightly ahead of its previous expectations set at the 2016 full year results on 23 February 2017.

[denbos] 28/4/2017 13:45

Quick research - realised the issue was buying before EXdiv by computer that climbed past the 22p dividend & dropped to correct beautiful error. Love it when technology screws greed up.

[denbos] 28/4/2017 13:39

Whats with the suudden fluctuation in price? Up 44p & down a bit more?

[bend1pa] 23/2/2017 15:26

Yes. Still doing surprisingly well, considering the uncertainty in the UK construction sector with local authority cutbacks and general feeling of gloom in the UK sector. The shares are still a strong hold but are volatile. Could yet see £10 if the market doesn't crash.