Morgan Sindall Share Discussion Threads

[essentialinvestor] 29/10/2020 16:25

BBY now starting to sell off, belatedly imv.

[peddlers] 29/10/2020 16:23

Liberum Capital today reaffirms its buy investment rating on Morgan Sindall PLC (LON:MGNS) and raised its price target to 1400p (from 1300p).

[peddlers] 29/10/2020 16:22

Link to one of the recent Broker recommendations

[peddlers] 29/10/2020 16:19

You are not short are you ?

[peddlers] 29/10/2020 16:18

Don't know about you but I follow the Weekly and Daily charts, but I use the Hourly charts for entry.
And according to the hourly chart, Morgan Sindall is now a buy.

[peddlers] 29/10/2020 16:15

LOL I just spotted that on your handle

[imastu pidgitaswell] 29/10/2020 16:12

No, I just follow it as (I am told) it is one of the better businesses in the construction sector.

Because I am stupid (and a git as well...) I hold quite a few of one of its competitors, COST (and have my very own thread on it, for what good it is doing - not a lot).

So I do follow what other construction co's are doing.

[peddlers] 29/10/2020 16:08

The city analysts have a target price of 1700
I will be happy with 1500

[peddlers] 29/10/2020 16:05

I see NT has set a target price on Morgan Sindal at 1400
Purchased at 1126.

[peddlers] 29/10/2020 16:03

Sorry Imastu, not Imatsu

[peddlers] 29/10/2020 16:01

Starting to pick up a bit now.
Are you holding this one Imatsu ?

[peddlers] 29/10/2020 15:58

I have a wide stop on this.
It's becoming oversold.
The RSI is tracking higher against this lower low vs previous one so it should head up at some point.

[imastu pidgitaswell] 29/10/2020 15:09

Or everybody else is...

[peddlers] 29/10/2020 14:41

Clearly I am bored today.

[peddlers] 29/10/2020 14:34

Starting to rebound off that support line.

[peddlers] 29/10/2020 12:39

Not to mention the renewables sector work.

[peddlers] 29/10/2020 12:28

Another project kicking off today

[peddlers] 29/10/2020 12:19

Good article today (Link Above) which shows the strong fundamentals of Morgan Sindall)
Return on capital employed is a whopping 14.7%.
Not to mention plenty of cash.
No risk of dilution as the past 4 years have stayed the same.
The stock is cheap at these levels.

P

[peddlers] 29/10/2020 12:07

Appears to be some support at 1080 Level which is good.

[peddlers] 28/10/2020 13:14

Yes of course.
There is a risk of further downside.
But Morgan Sindall is a good solid company.
Its winning lots of good contracts.
I have a wide stop given its volatility.
I'm tempted to top up as I think it's going to rise but I would be breaking my own rules.

Good luck

[essentialinvestor] 28/10/2020 13:07

peddlers, and if a new UK national lockdown deals profitability another blow?.

That was always the risk here.