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 Shares Traded Last Trade
  14.00 1.13% 1,250.00 149,640 16:35:25
Bid Price Offer Price High Price Low Price Open Price
1,256.00 1,264.00 1,268.00 1,228.00 1,248.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 3,071.30 88.60 157.90 7.9 570
Last Trade Time Trade Type Trade Size Trade Price Currency
17:15:43 O 621 1,250.063 GBX

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06/8/202013:42MORGAN Syndall RETURNS TO GLORY720
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Morgan Sindall Daily Update: Morgan Sindall Group Plc is listed in the Construction & Materials sector of the London Stock Exchange with ticker MGNS. The last closing price for Morgan Sindall was 1,236p.
Morgan Sindall Group Plc has a 4 week average price of 992p and a 12 week average price of 992p.
The 1 year high share price is 1,980p while the 1 year low share price is currently 992p.
There are currently 45,632,485 shares in issue and the average daily traded volume is 182,336 shares. The market capitalisation of Morgan Sindall Group Plc is £570,406,062.50.
master rsi: Morgan Sindall to commence work on New Victoria scheme Construction and regeneration group Morgan Sindall reached an agreement on Monday to commence work on the first phase of its £185m New Victoria scheme in Manchester city centre. Adjacent to Manchester Victoria train station, the first phase of Morgan Sindall's scheme was for 450,000 square feet of residential development, with construction expected to complete in 2023. The FTSE 250-listed firm also added that proposals were underway to bring forward the second phase of the wider New Victoria scheme, developed in partnership with Network Rail and with support from Manchester City Council and Homes England. Chief executive John Morgan said: "We are pleased to have agreed our second major forward funded deal in recent weeks, which further reinforces our regeneration strategy. "We look forward to working with our partners to deliver a transformational scheme on an underutilised site in the heart of Manchester's city centre". -------- Share price spread 1088 v 1120p +26p
jadeticl3: I am not sure whether this news and the sharp fall in MGNS share price are connected! Is this statement (in the above posting) good news or not?
loobrush: A very good sign from an insider that things are going better than the share price would suggest.
master rsi: From Proactive... Morgan Sindall Group PLC - Morgan Sindall rises as order book remains unchanged despite coronavirus disruption Morgan Sindall Group PLC (LON:MGNS) shares were on the up on Thursday as the group said its order book had remained unchanged from the year-end position despite disruption caused by the coronavirus pandemic. In a trading update, the construction group said its secured workload as of 31 March was £7.6bn and that its balance sheet was in “good shape” with net cash of £174mln as of 5 May. The company also said around 80% of its construction sites were currently operational as well as 75% of infrastructure projects and 70% of fit out projects. “With this high-quality workload and with the balance sheet in good shape, the group is well-positioned to successfully navigate through these current uncertain times and emerge primed for future success in the medium and longer term”, the company said. However, Morgan Sindall continued to suspend its forward guidance due to the pandemic uncertainty. “Our decentralised structure has allowed us to adapt quickly to these evolving circumstances and to rapidly adopt new ways of working, which will stand us in good stead for the future”, said chief executive John Morgan. “Our strategy remains unchanged, focused on building long-term workstreams in markets that remain attractive. Supported by a strong balance sheet, the actions taken put the Group on the best footing to ensure its continued success", he added. In a note, analysts at Peel Hunt retained their ‘add’ rating and 1,500p price target on the firm, saying the update provided “encouragement” regarding site reopenings and productivity. “In addition, net cash of £174mln implies a likely positive average daily net cash position for [the 2020 financial year]”, the broker said, although they added that investors “are likely to look for further evidence of recovery” before rerating the share price.
galeforce1: Interesting update. Their operations are obviously still in a huge muddle, with many sites not open and the ones that are open operating at lower productivity. The strong cash position makes me comfortable about holding MGNS, but I don't think I'm going to add more for now. The share price is basically back to where it was last September. So it has fared reasonably well. Other builders, like TW. where I recently started a position, might offer more opportunity.
fadilz: Some ups and downs, but the share price has seen compound growth of 10% pa over 25 years. with yield 3-4%. Remarkable!
bogdan branislov: Very happy with these results. Given that the sector is coming out of a tough few years the following points are impressive: Around 6% gain in EPS, but more importantly, tangible balance sheet equity, i.e. shareholder funds, are up over 12%, a remarkable achievement when you consider the sector backdrop. The net cash position is strong and if you cash adjust the PE ratio, the PE ratio is slightly under 10. The average cash or debt adjusted PE for the mid cap or large end small cap is approaching the mid 20s now. MGNS has a cash adjusted PE of less than half the average and yet MGNS is one of the very highest quality companies within the mid cap and larger small cap space. The order book being up 14% bodes well, this figure will likely move upwards as the sector recovery builds this year. All good, I wood place 'fair value' for MGNS at this point in time at about 60% to 70% above the current share price. But given the direction of travel, the 'fair value' price will probably be comfortably more than double the current share price in just 12 to 18 months time. Bogdan
bogdan branislov: Good gains, but we are still in the foothills. The construction sector has had a difficult few years, MGNS has coped admirably, now the sector can look forward to many good years ahead. MGNS should see its growth accelerate and yet its earnings ratio is still only 2/3 that of the average mid cap (yes MGNS is still at the top end of the small cap index for now). Even a 50% gain from here would only put MGNS on the same earnings ratio as the average mid cap, while MGNS is a far higher quality business than the average mid cap. MGNS is also highly likely to outgrow the average mid cap company over the coming years, giving even more share price head room.
master rsi: How the Indicators are performing on the 6 month chart - RSI: is moving higher from oversold - Slow stochastic: also up from oversold position - Share price still under the 50-day moving average - Share price bouncing from 6 month low, much the same price as in February
cordwainer: I've tried to compare BBY with similar-ish GFRD and MGNS.. Galliford Try's results were back in September and the numbers scream value (or value trap?) after this year's 18% dividend cut (Feb), CEO exit to Crest Nicholson (Mar), profit warning giving £40m hit to consensus (April). And one commentator (Anh Hoang through Motley) points out that 85% of earnings are from its Linden Homes brand ... but i thought the bulk of revenue was still from infrastructure etc ? Adjusted p/e 3.87, div yield 11.8% (cover 1.57), share price approx. at or below NAV.. but again figures based on last year results and only 1 major contract award since, of modest proportions. Briefly googling reviews for their house-building divisions, customers seem generally happier with Balfour (about 3.5 out of 5) than the other two, with Galliford's Linden Homes being the worst. Morgan Sindall doing ok i guess better than BBY on some measures. Both have had contract wins recently since after their last results: MGNS: Sellafield $1.6Bn over 20 yrs, Brentwood BC £500m over 30 years BBY: £1.3Bn Dallas roads (presumably much higher rate of turnover?) Finally it is the touted (but apparently successful) 'Build to Last' programme and the slightly better homebuyer's reviews that swings my vote in BBY's favour. Certain broker targets for both BBY and MGNS currently have about 50% upside. Just not sure if its a good sector to be in in macroeconomic terms right now but looking good value on paper. I'm bit concerned tho about BBY's intangibles (25% - what are they? i tried looking back through company news), ROCE (5% vs MGNS 18.5%), and slightly negative cashflow at last results. Any help, corrections, counterpoints and more forward looking summaries than my rough analysis welcome please :-)
Morgan Sindall share price data is direct from the London Stock Exchange
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