Morgan Sindall Share Discussion Threads

[eriktherock] 05/11/2020 15:03

As of today I hold. Just a drip feed.

[eriktherock] 05/11/2020 14:45

In case you missed it yesterday >
Morgan Sindall said on Wednesday that its full-year performance is set to be slightly above the top end of its guided range as momentum has continued to increase
At the time of the half year results in August, the company said it expected pre-tax profit for the year to the end of December 2020 to be between £50m-£60m. Based on its performance to date and the fact that it will be able to keep operating during the second lockdown that comes into force on Thursday, Morgan Sindall now expects to beat this guidance.

The construction and regeneration group noted that its cash position has strengthened and said the average daily net cash for the full year is now expected to be in excess of £150m, versus £99m last year, ahead of previous expectations.

Morgan Sindall also declared an interim dividend of 21p a share, in line with last year’s. At the time of the half-year results, it had said there was too much market uncertainty to declare a dividend but committed to actively consider the resumption of payments when there was more clarity over the economic outlook.

[eriktherock] 04/11/2020 20:21

DfE prepping to "redirect" some education sector opportunities away from...

[essentialinvestor] 04/11/2020 16:27

Ped, congrats on your trade, did think it would work out for you as mentioned.

[essentialinvestor] 04/11/2020 15:31

MGNS should not even be mentioned in the same breath as Kier.

As mentioned many times over the years, if you must invest in this sector- MGNS or BBY, or both.

[quickquid] 04/11/2020 15:25

No doubt loobrush, expecting this to go up to 1500 easy.

Important bit is the focus on margin and not turnover. Kier are doing the opposite and subsequently are looking at administration.

[piedro] 04/11/2020 11:25

Trading updates
01/11/2017
01/11/2018
05/11/2019
04/11/2020

[loobrush] 04/11/2020 11:12

Great results-and dividend-now looking way to cheap should get back to 1450 to 1550 range in a few weeks

[peddlers] 04/11/2020 09:13

Yes just what the Dr ordered!
I emailed them last week telling them the price had tanked and they should release a trading update.
I'm not saying they listened to me but hey ho we have what we need.

P

[master rsi] 04/11/2020 08:44

1220p +56p
Morgan Sindall expects to beat its FY guidance, declares dividend

Morgan Sindall said on Wednesday that its full-year performance is set to be slightly above the top end of its guided range as momentum has continued to increase
At the time of the half year results in August, the company said it expected pre-tax profit for the year to the end of December 2020 to be between £50m-£60m. Based on its performance to date and the fact that it will be able to keep operating during the second lockdown that comes into force on Thursday, Morgan Sindall now expects to beat this guidance.

The construction and regeneration group noted that its cash position has strengthened and said the average daily net cash for the full year is now expected to be in excess of £150m, versus £99m last year, ahead of previous expectations.

Morgan Sindall also declared an interim dividend of 21p a share, in line with last year’s. At the time of the half-year results, it had said there was too much market uncertainty to declare a dividend but committed to actively consider the resumption of payments when there was more clarity over the economic outlook.

[eriktherock] 04/11/2020 08:00

A not too shabby trading statement

[galeforce1] 04/11/2020 07:49

That all sounds very positive. This is a very well-managed business and it's in a good place to benefit from increased infrastructure spending in the North.

I already have a decent holding here, and I think I will increase on the basis of this trading statement.

[peddlers] 03/11/2020 17:43

I bought below 12.
Sp doing better now.

[essentialinvestor] 30/10/2020 14:32

ped, unless you are margined long might be careful of a stop

On MGNS as their longer term record is good.

You might exit just towards a low point.

Now obvs I dont know the future, something very unexpected could happen

but as a general rule you should be able to exit here at a nice

profit, if you bought around the £12 mark. All just imv, obvs.

[peddlers] 30/10/2020 08:26

Yip let's be honest about it MGNS is starting to tank. I have a stop at 975. Hoping it will hold up.

[essentialinvestor] 29/10/2020 22:12

Thanks in any case.

[essentialinvestor] 29/10/2020 20:27

Hi Eric, thanks for the view.

Do you have a price target for BBY by any chance?, thank you.

[eriktherock] 29/10/2020 20:19

From a technical analysis view it looks like circa 980p.

[eriktherock] 29/10/2020 20:12

Unlike some of our competitors, we are not sabotaging ourselves is search of turnover.

[peddlers] 29/10/2020 19:35

Yes there is too much Anger.

[imastu pidgitaswell] 29/10/2020 16:34

No - not short, nor on KIE, nor anything else. Just following - doesn't hurt to be informed as to stuff in the sector. Or maybe it does, given COST's share price performance.

A lot of angry people about on a lot of threads, notably KIE - all seems a bit pointless to me.

[peddlers] 29/10/2020 16:29

Are you holding Essential?

[peddlers] 29/10/2020 16:28

Much better fundamentals in MGNS