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
  30.00 1.36% 2,235.00 150,811 16:35:14
Bid Price Offer Price High Price Low Price Open Price
2,220.00 2,230.00 2,265.00 2,215.00 2,215.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 3,034.00 60.80 99.80 22.4 1,037
Last Trade Time Trade Type Trade Size Trade Price Currency
18:02:14 O 1,320 2,234.891 GBX

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Date Time Title Posts
05/6/202122:17MORGAN Syndall RETURNS TO GLORY833
09/11/202012:11Just charts269
23/2/201103:50*** Morgan Sindall ***1
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Morgan Sindall (MGNS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-18 17:02:142,234.891,32029,500.56O
2021-06-18 16:48:062,235.2221,648483,881.29O
2021-06-18 16:10:122,235.112505,587.78O
2021-06-18 16:03:082,229.632836,309.86O
2021-06-18 15:57:532,235.00841,877.40O
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Morgan Sindall (MGNS) Top Chat Posts

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 2,205p.
Morgan Sindall Group Plc has a 4 week average price of 2,150p and a 12 week average price of 1,692p.
The 1 year high share price is 2,365p while the 1 year low share price is currently 992p.
There are currently 46,415,417 shares in issue and the average daily traded volume is 48,238 shares. The market capitalisation of Morgan Sindall Group Plc is £1,037,384,569.95.
galeforce1: Cash - why is MGNS doing better than rivals like Kier, Carillion, etc? It’s got to be down to better management, who think longer term and don’t take on low margin work just to fill an order book. Having a CEO who is personally invested in the business and very experienced is probably a big advantage to MGNS. At some point soon the company is going to have to look to a successor to JM as CEO. Unless they sell out to a big French or Spanish builder of course.
cashpo1nt: 2 Questions: 1. How does this company manage to perform brilliantly in most of the areas where others (eg kier) really struggle? 2.Why does such a lovely share generate so little interest on this BB.?
galeforce1: That’s a big share sale by John Morgan yesterday. Approximately 15% of his holding. Sold at just over £20. His policy seems to be a gradual ‘drawdown̵7; of capital. He will still have about 7.5% after yesterday’s sale. I suppose one of the advantages of being a listed business is that it’s possible to do this. You don’t have to sell the whole business to extract some capital. MGNS hit a market cap of £1bn yesterday, which seems fully justified by the trading statement.
galeforce1: Another super-positive trading update. We might see the share price rise 5% on this, despite the strong run recently. Performance 'significatly ahead' of previous expectations. They were previously hoping to equal the 2019 results (profit £93m). It looks as though they will go comfortably past that. Current Mcap £865m, EV £585m. I think that quite soon we will see MCap £1bn, EV c. £700m Well done MGNS. A very well-run business.
galeforce1: It will be interesting to see the full year results next Thursday, but since we had a trading update in November I suppose there aren't that many 'unknowns'. I'll be interested to hear how the Fit-Out division is going. Is the general move by companies to reduce office space enlarging or decreasing the order book for MGNS? I reckon it will be surprisingly strong because so much office space will have to be re-configured. House building, Regeneration and Infrastructure should all be strong. I still think this is one of the best value stocks out there, with a good dividend, a very strong balance sheet, a big order book and great management. I've topped up today on the slightly weaker share price.
quickquid: I'm 100% confident with MGNS because I know the work is priced correctly with goodmargins. MGNS has the correct attitude, if it isn't profitable, don't bother tendering. MGNS also pass on design responsibility to subcontractors and design specialists thereby eliminsting risk.
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?
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.
bogdan branislov: MGNS is a high quality business demonstrated by the fact that MGNS has coped so well with the sluggish past 2 to 3 years. Still selling very cheaply as shown by its high rating on IC's 'shares that have it all' screen, one of IC's best performing value growth screens over the long term. Interesting to see that MGNS came out in the top six stocks on this screen even thought the screen does not make any allowance for the construction sector having such a challenging time in recent years. The screen itself does not allow for soft risk factors but the accompanying IC commentary does as well as links to their separate company analaysis. They say that of the 5 stocks with a higher screen rating than MGNS only CSP, along with MGNS are really solid, the other 4 are probably cheap for good reasons not picked up by the screen. The key here is not to sell to early. MGNS's PE can go 50% up from here before a fair price is reached, but by then the sector recovery showing be showing giving more head room again for MGNS's stock price, should be able to double our money on MGNS from this point over the next year or two. To make money on stocks it is not enough just to be right, you need to be able both to be right and to sit tight.
Morgan Sindall share price data is direct from the London Stock Exchange
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