Morgan Sindall Share Discussion Threads

[broadwood] 22/2/2018 10:30

Liberum Capital today reaffirms its buy investment rating on Morgan Sindall PLC [LON:MGNS] and raised its price target to 1700p (from 1650p).

[mfhmfh] 22/2/2018 09:46

bought here on Monday.

looking for share price to return to at least 1,500p when director bought:

'Steve Crummett, Financial Director, bought 16,400 shares in the company on the 3rd November 2017 at a price of 1500.00p. '

GLA.

[broadwood] 22/2/2018 07:59

Broker re- rating?

[valuehunter1] 22/2/2018 07:58

Stonking results, should re-rate to 1500p again, sounds like they really understand the markets they operate in and are now in a position to continue grow and improve margins. Great mgmnt team.

[quant_investor] 22/2/2018 07:42

Barnstorming results this morning. 48% increase in PBT. Dividend for the year up 29%. Healthy increase in margins particularly in construction where they can afford to be highly selective. Focus on affordable housing and urban regeneration which I think adds a defensive quality. Confident Outlook. Looks rock solid to me...a perfect SIPP holding.

[thorpematt] 15/2/2018 11:08

I think this is extremly good value. I also don't blieve that the wider industry sentiment is too problematic for MGNS. If anything there are opportunities which weren't present previously which can be exploited.

BUT I strongly suspect the sentiment of the (stock) market will be what weighs on the stock price here for some time and so the risk of investment is that one's capital could be deployed better elsewhere in the short-term.

As ever much depends on your personal strategy and timescales but "capital deployment risk" is always IMV a relevant issue regardless.

[jadeticl3] 15/2/2018 10:08

Topped up at £11.92. Looks good value to me. It may turn out to be true that Construction generally is no booming, but I bought MGNS not the Construction Industry.

[corlis] 14/2/2018 21:33

at 1210 this will need a short term breather but overall looks good.

[hatfullofsky] 03/2/2018 12:12

Guess hw has good timing ....

Data out earlier showed the UK's construction industry was "teetering on the edge" of contraction last month amid the collapse of Carillion and as Brexit and the surrounding political uncertainty curtailed investment.

The IHS Markit/CIPS UK Construction headline PMI for January was 50.2, down from 52.2 in December and marking a four-month low. It was also well below the consensus estimate of 52.0. Residential building activity slipped into decline, while overall, total industry activity barely rose.

Pantheon Macroeconomics said the collapse of Carillion, which operates in the commercial and public sectors, could not explain why the PMI fell in January.

"Although the PMI remained slightly above the 50-mark that in theory should separate expansion from contraction, all readings below 52 have signalled declining output in practice. Housebuilding was the weakest sub-component; the housing activity index fell below 50 for the first time since August 2016. By contrast, the commercial and civil engineering balances both edged above 50," the economists said.

[hatfullofsky] 02/2/2018 12:29

Naked Trader sold out, Sector out of favour, looks like a good call at the moment.
I got bleeding hands, poverty by a thousand cuts (of that falling knife).

Adding on weakness, numbers look very good and good cash levels this is a sector survivor, just may take a little time now. Hoping we get a recovery up to results.

[varies] 02/2/2018 11:33

I take comfort from the statement on 15 Jan that the collapse of Carillion has no material impact on MGNS.
With the bad news from Capita and SIG (neither being relevant in my opinion)it is hardly surprising that we should see a markdown here.

[ppreston1] 02/2/2018 11:00

I'm out. Something not right here.

[hatfullofsky] 01/2/2018 16:36

Somebody driving the share price down before results, very positive news flow. Buying opportunity ?

[piedro] 14/12/2017 14:12

4.12.17
Morgan Sindall and Omexom joint venture awarded a circa £30 million major Scottish electricity transmission project

[ariane] 14/12/2017 11:29

France's Vinci SA (DG.FR) said Thursday that its Vinci Energies division has won a 30 million pound ($40.1 million) contract to build new overhead power transmission lines in Scotland.

The concessions and construction company said Vinci Energies won the contract via its Omexom brand, which has agreed to operate the contract as a joint venture with the Morgan Sindall Group PLC (MGNS.LN). The transmissions lines are 18.5 kilometers long and will connect two substations in northern Scotland, said the company.

According to Vinci, the project will be carried out over a period of two years and includes the installation of 73 transmission towers in remote areas. It is also part of a power transmission line contract with Scottish Southern Energy Networks, the company said.



Write to Anthony Shevlin at [e-mail]



(END) Dow Jones Newswires

December 14, 2017 03:22 ET (08:22 GMT)

[pillion] 01/11/2017 13:23

Good summary Matt

I' considering a purchase here

[thorpematt] 01/11/2017 08:44

Slightly ahead is good with me.
Certainly like the cash position commentary.

Personally I like to discount valuations for debt / cash and thus produce an EV / PBT calculation (which I find mores consistent as a model). By this measure MGNS is looking rather cheap. Given that the growth is looking strong I'd say the future for the share price is pretty strong right now.

[broadwood] 01/11/2017 08:23

Peel Hunt
Morgan Sindall PLC
01/11/2017
Reiterates
Buy
Buy
0
1,500.00
1,600.00
1,444.00
100
2

[broadwood] 01/11/2017 07:27

Should keep the momentum going.

Trading in the second half of the year has continued to be strong, driven by a further improvement in margin in Construction & Infrastructure and further margin growth in Fit Out. As a result, the Group is on track to deliver a full year performance slightly ahead of its previous expectations which were set at the time of the half year results on 8 August 2017.

[chartsworth] 30/10/2017 16:00

Ramping up nicely to the Wed update...

[douglas fir] 06/10/2017 07:11

Morgan Sindall wins £160m Brighton council deal

6 October, 2017By Jack Simpson

Comment

Full screenMorgan Sindall wins £160m Brighton council deal

Morgan Sindall has landed a £160m deal to become the contracting partner for Brighton and Hove City Council for the next five years.

The firm has been named as the council’s principal contractor responsible for all projects to be built under the Brighton and Hove strategic construction partnership.

The deal, which has an option for a two-year extension based on performance, will also require early advice from the contractor on aspects such as buildability, site set-up and other associated activities.

Morgan Sindall will take over as contracting partner from incumbent Westridge Construction, which has held the role from January 2014 and will hand over in on 5 January next year.

The full value of the deal across the five years is estimated at £160m, with £96m of work expected to be up for grabs for subcontractors, particularly those providing M&E and roofing and cladding services.

[basem1] 21/8/2017 11:12

Starting to look tasty ??