Morgan Sindall Share Discussion Threads

[piedro] 18/3/2019 09:53

Morgan Sindall wins 20-year Sellafield civils deal

[jadeticl3] 25/2/2019 17:17

Are you buying or selling?

[ayl30] 25/2/2019 16:40

Nice late but £150k @£12.26

[philanderer] 22/2/2019 10:57

Morgan Sindall valuation doesn’t reflect the quality, says Numis


The valuation of construction company Morgan Sindall (MGNS) does not reflect the ‘quality and growth profile’ of the business, says Numis.

Analyst Howard Seymour retained his ‘buy’ recommendation and target price £15.65 on the shares, which were trading at £11.34 yesterday.

He noted the strong profit growth in construction and a ‘major scope for recovery’ in partnership housing and urban regeneration.

‘This should drive double-digit earnings growth from 2020 onwards, but in our view also merits a higher valuation going forward as longer term, more predictable profit streams become the drivers,’ said Seymour.

‘Strength of balance sheet, underpinning investment in asset-intensive areas, adds an additional dimension to the quality of earnings argument. A sub eight times price/earnings [ratio] and yield of 5% this year clearly does not reflect the quality and growth profile of the group.’

[mfhmfh] 21/2/2019 11:05

Peel Hunt reiterates 1,600p target price today

solid results IMHO.

dividend up 18% and 'The total dividend per share is 2.9 times covered by adjusted earnings per share'.

[podgyted] 21/2/2019 07:27

Not too shabby at all - margins increasing - strategy of bidding for higher quality work paying off - best in the construction sector by a long way.

Year end net cash 40% of market value.

[jadeticl3] 21/2/2019 07:08

Results look ok

[podgyted] 20/2/2019 18:47

And what price tomorrow?

[mfhmfh] 01/11/2018 10:42

Today:

Liberium Capital target price 1,750p

Peel Hunt target price 1,600p

[alotto] 01/11/2018 10:18

Good to see Liberum Capital and Peel Hunt retained their buy rating (I guess with unchanged target price).

[riverman77] 01/11/2018 10:11

They are focusing on quality over volume so not too co concerned about this, especially as construction margins up to 2% (versus 1.7% in H1 results so a big increase in percentage terms).

[podgyted] 01/11/2018 08:14

Think its a bit of an amber flag, however they are linking this to their strategy of maintaining/increasing margins.

If their revenue growth is not as good as in the past but the wafer thin margins increase then that's ok for me

[alotto] 01/11/2018 07:21

How much warning behind these statements?
..
The Group's committed order book as at 30 September 2018 was GBP3.4bn, down 11% from the year end position (down 5% from the half year)...

As at 30 September 2018, Fit Out's order book was GBP470m, down 13% from the same time last year and down 6% from the year end...

Investments has been held back by further slippage in timing of some schemes in its strategic property partnership joint ventures with local authorities, which will impact its performance for the year.

[jadeticl3] 15/10/2018 09:27

These analyst’s target prices look at odds with what is happening! But why such a decline in this share’s price. No bad news I know of justifies this. Why then?

[jack_c_hk] 11/10/2018 08:09

Ex-div today

[mfhmfh] 09/10/2018 09:51

Liberium Capital target price 1,750p


Peel Hunt target price 1,600p

[goldry] 09/10/2018 09:23

Drifted below the 200 day MA. No obvious reason for the slow decline.

[mfhmfh] 09/10/2018 09:15

this from half year results published on 08.08.18:

'the Group is on track to deliver a result for the year which is slightly ahead of its previous expectations.'

[mfhmfh] 09/10/2018 09:14

disappointing share price fall.

ex-div on 11.10.18.

[jls21] 21/9/2018 07:29

https://www.constructionenquirer.com/2018/09/20/morgan-sindall-bags-384m-london-scheme-first-phase/

[mfhmfh] 12/9/2018 17:03

few big buys today

[mfhmfh] 15/8/2018 18:04

huge buy gone through late in the day.

[hatfullofsky] 10/8/2018 15:33

Very strange reaction absolutely no strength

[mfhmfh] 08/8/2018 17:28

buy rating reiterated in today's IC.

...broker Numis has increased its pre-tax profit and EPS forecasts to £81m and 147p, respectively (from £66m and 120p in 2017).

EPS of 147p gives PE of approx. only 10.