Morgan Sindall Share Discussion Threads

[peddlers] 29/10/2020 16:21

https://www.sharecast.com/news/broker-recommendations/liberum-upgrades-morgan-sindall-to-buy--7599139.html

[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

https://www.theconstructionindex.co.uk/news/view/morgan-sindall-breaks-ground-for-swansea-primary-school

[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 12:12

https://simplywall.st/stocks/gb/capital-goods/lse-mgns/morgan-sindall-group-shares/news/we-like-these-underlying-trends-at-morgan-sindall-group-lonmgns/

[peddlers] 29/10/2020 12:08

https://www.theconstructionindex.co.uk/news/view/morgan-sindall-starts-newham-school-construction

[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.

[peddlers] 28/10/2020 12:39

Good opportunity here to buy into a great organisation.

Its a pity its pulled back so much, but will rebound strongly on decent news.

[peddlers] 27/10/2020 07:46

https://www.scottishconstructionnow.com/article/morgan-sindall-starts-work-on-two-edinburgh-schools

[peddlers] 24/10/2020 11:07

https://scottishbusinessnews.net/morgan-sindall-construction-to-deliver-26m-brace-of-edinburgh-schools/