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MGNS Morgan Sindall Group Plc

3,750.00
-70.00 (-1.83%)
08 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Morgan Sindall Group Plc LSE:MGNS London Ordinary Share GB0008085614 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -70.00 -1.83% 3,750.00 3,765.00 3,770.00 3,825.00 3,765.00 3,765.00 56,242 16:35:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gen Contractor-nonres Bldgs 4.12B 117.7M 2.4560 15.33 1.83B
Morgan Sindall Group Plc is listed in the Gen Contractor-nonres Bldgs sector of the London Stock Exchange with ticker MGNS. The last closing price for Morgan Sindall was 3,820p. Over the last year, Morgan Sindall shares have traded in a share price range of 1,920.00p to 3,970.00p.

Morgan Sindall currently has 47,924,289 shares in issue. The market capitalisation of Morgan Sindall is £1.83 billion. Morgan Sindall has a price to earnings ratio (PE ratio) of 15.33.

Morgan Sindall Share Discussion Threads

Showing 1626 to 1649 of 1675 messages
Chat Pages: 67  66  65  64  63  62  61  60  59  58  57  56  Older
DateSubjectAuthorDiscuss
09/7/2024
13:20
They've got to be uplifted by the new Labour government's policy on housebuilding, especially of affordable housing and urban regeneration. Now at 2635p today. Rise since 2nd May [post 966] in anticipation of this?
don carter
03/6/2024
08:18
All quiet here, good to see the price ticking up nicely these last few weeks..
jampot7us
02/5/2024
10:13
2,255p (+5p / 0.22%%) Morgan Sindall backs annual outlook with Fit Out trading "very strong"

(Alliance News) - Morgan Sindall Group PLC on Thursday said it was confident of meeting full-year expectations underpinned by a "high quality" order book.
The London-based construction group said trading since the start of the year has been as expected.

Chief Executive John Morgan said: "Since the start of the year, trading has been as expected and looking ahead to the rest of the year, our high-quality secured order book gives us great confidence of delivering a full year performance which is in line with our expectations."

Construction and Infrastructure have both performed as expected, while Fit Out's trading has been very strong, the company said.
In Property Services, the underlying operational performance has been as expected, however its first half result will also be impacted by exit costs relating to an underperforming contract.

Partnership Housing has benefited from the improved housing market since the start of the year.
As expected, there has been a lower level of scheme completions in Urban Regeneration compared to prior years and its full year performance is anticipated to be significantly weighted towards the second half, Morgan Sindall remarked.

Morgan Sindall said the total secured order book at March 31 was GBP9.0 billion, up 1% from the year end and up 1% versus the prior year.
Morgan Sindall anticipates that the average daily net cash for the full year will be well in excess of GBP300 million.

master rsi
02/5/2024
06:43
Today's trading update is not the most thrilling I've ever read.
thamestrader
14/4/2024
10:57
FWIW - comparison of the 'greats' ...
piedro
08/4/2024
14:09
Could it be simply that the government has not got enough money to maintain social housing and the budget was simply cut?

Have to say, the fitting out offices nicer to encourage workers back into the workplace is a real thing. Hope it continues for a long time as a mega trend instead of a fad. Personally I think its a mega trend.

mrscruff
01/4/2024
09:15
Mr Scruff - no. It's still a mystery to me why Property Services had such a bad 2023.

It's quite a big loss in a division where you would think there isn't alot or risk.

All surprising in such a well run business.

galeforce1
30/3/2024
09:39
Property Services loss, that one is related to providing trades to social housing. Did anyone get to the bottom of why?
mrscruff
23/2/2024
09:23
Great results as usual from this very well managed business. Growing order book, big jump in net cash and a nice rise in the dividend to 114p.
50% of the profits at MGNS are coming from Fit Out. No sign yet of the surge in this division easing off. But I suppose that has to happen at some point.
What has caused the biggish loss in Property Services? That's a surprise.

galeforce1
22/2/2024
11:50
2,315p ( +100p / 4.51%)Morgan Sindall delivers "record" results for 2023; raises dividend
(Alliance News) - Morgan Sindall Group PLC on Thursday celebrated strong annual results and it increased its yearly dividend.

The London-based construction group delivered a "record" annual performance, with revenue up 14% to GBP4.12 billion in 2023 from GBP3.61 billion in 2022.

Beside its Property Services division swinging to an operating loss of GBP16.8 million from a profit of GBP4.3 million in 2022, all of Morgan Sindall's segments reported growth for the year. The firm added a "remediation programme" is on track to return the unit to profit in 2025.

This included another "market-leading" performance from Fit Out, which specialises in office space refurbishments, with operating profit up 38% to GBP71.8 million from GBP52.2 million.

Adjusted pretax profit increased to GBP144.6 million, 6.2% ahead of GBP136.2 million the prior year. Reported pretax profit was 69% higher at GBP143.9 million from GBP85.3 million.

Adjusted earnings per share rose 4.1% to 247.7p from 237.9p.

Morgan Sindall's total annual dividend was 114p, with a proposed final dividend of 78p. This is up 13% from the total 101p delivered to shareholders in 2022, which included a 68p final dividend.

As at December 31, the group had GBP461 million in net cash, up from GBP355 million at the end of 2022.

Morgan Sindall said that it had a healthy secured order book of GBP8.92 billion, up 5.4% from GBP8.46 billion a year before.

Looking ahead, the company said that slowing inflation and the chance of lower interest rates provides "a backdrop of confidence for the year ahead".

Chief Executive John Morgan said: "Despite facing market headwinds in the year and the disappointing losses in Property Services, the diversified nature of our operations and capabilities has allowed us to continue to make significant strategic and operational progress. In addition, our focus on positive cash flow together with our strong balance sheet has positioned us well to benefit over the long term from the opportunities available in our markets."

master rsi
22/2/2024
11:17
Good results; John Morgan is the epitome of the ideal long term owner manager
eigthwonder
22/2/2024
10:56
Lovely results. I've averaged up today and doubled my holding. Lovely 1 year chart
villarich
22/2/2024
09:32
Solid results from a solid company. Long term hold this one.
cruelladeville
22/2/2024
08:22
Decent set of results, nice divi increase.
thamestrader
05/1/2024
16:42
News
Morgan Sindall crowned 2023 contracts league champion
Aaron Morby
A surge of contract wins in the second half of last year saw Morgan Sindall reign supreme with the greatest haul of new work over 2023.

piedro
18/12/2023
09:01
Morgan Sindall wins £54m Marne Barracks upgrade
piedro
12/12/2023
09:11
Morgan Sinidall finance director to step down

(Sharecast News) - Construction group Morgan Sindall revealed on Tuesday that finance director Steve Crummett had announced his intention to retire from the company.

Crummett, who will step down from the role at the end of 2024, will be replaced by Kelly Gangotra, currently the chief financial officer of Halma's healthcare sector operations.

Morgan Sindall said Gangotra will be appointed as finance director and become a member of its board on a date to be agreed, expected to be around the third quarter of 2024.

Chief executive John Morgan said: "I'd like to thank Steve for his exceptional contribution to the board over the last ten years. Steve has seen the business through a period of significant growth and has helped shape our strategic direction and ensured that the financial stewardship of the business over the last 10 years has supported the group's long-term growth.

"I am delighted that Kelly will join the Group in 2024 and I look forward to working with her over the years ahead. She has an excellent track record as a CFO working in a decentralised business, is highly experienced in the construction and property industry and her valuable and significant skills and insight will support me and the board as the group continues to develop and grow."

master rsi
02/11/2023
09:58
MGNS 1,962 +64p / The range is wide £50 to £70 million for full-year results, but they reckon "Fit out division" "slightly above" the top end ...

Morgan Sindall on track to deliver full year expectations

Morgan Sindall Group PLC - London-based construction and regeneration company - Says it remains on track to deliver full year performance in line with its expectations despite challenging marker conditions. Says its Construction and Infrastructure divisions have performed better than expected, with both continuing to benefit from their "ongoing focus on long-term client relationships, operational delivery and risk management". Adds that Fit Out division has continued to trade strongly and is "well-placed" to deliver a full year result "slightly above" the top end of its medium-term target of a range of GB50 million to GBP70 million in annual operating profit.

Chief Executive Officer John Morgan says: "General market conditions remain challenging yet manageable. Against this backdrop, our high-quality secured order book and our operational delivery capabilities give us great confidence for the rest of the year, and we're on track to deliver a full year performance which is in line with our expectations."

master rsi
02/11/2023
07:50
In line with expectations trading statement = 7% drop today
villarich
25/10/2023
14:32
Another reason could be that I added, which is always like touching a tottering tower of crockery.
daisylove
25/10/2023
13:06
Last year the div was paid on 26 Oct and the interim trading statement was 2 Nov.

This year the div will be paid on 26 Oct (same as last year), however their website just says the interim trading statement will be Nov… i.e. no precise date.

My thinking is that MGNS were planning to issue the trading statement on, or about, 2 Nov, but have postponed the date (without giving a new date) for some reason. In the current market, people assume the worst, and the share price falls.

I could be wrong, but it would be unusual for a company not to have a firm date for their Nov interim trading statement, when Nov is only six days away.

Does anyone have any other explanation for the sudden drop in SP?

willie99
25/10/2023
12:06
Div payment tomorrow. One would expect a rise so that dividend reinvestment costs more!
daisylove
25/10/2023
11:04
Does anyone now something I don't?
thamestrader
05/10/2023
18:10
Well I don't think there is much fallout. Almost all of the contractors have yet to include any of their works into any forecasts - and thus forecast are unchanged.

Kier for example already addresed the issue in a recent update, telling the market that it had made no asumptions in any forecasts relating to phases 2

Phase 1 continues for another decade and those forecast will of course remain as was.

Consultacies wil be the only ones likely to see any short term opportunities dry up.

In theory the money allocated should get distributed to a wider array of projects. Most likely the infastructure companies will be beneficiaries. In practice politicians looking for budget savings may well spend monies elsewhere. But that remains to be seen.

thorpematt
Chat Pages: 67  66  65  64  63  62  61  60  59  58  57  56  Older

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