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MGNS Morgan Sindall Group Plc

20.00 (0.98%)
01 Dec 2023 - 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 Shares Traded Last Trade
  20.00 0.98% 2,055.00 27,577 16:29:52
Bid Price Offer Price High Price Low Price Open Price
2,050.00 2,065.00 2,065.00 2,020.00 2,020.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gen Contractor-nonres Bldgs 3.61B 60.9M 1.2862 15.98 973.05M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:54:56 O 154 2,055.00 GBX

Morgan Sindall (MGNS) Latest News (1)

Morgan Sindall (MGNS) Discussions and Chat

Morgan Sindall Forums and Chat

Date Time Title Posts
29/11/202313:35MORGAN Syndall RETURNS TO GLORY950
09/11/202012:11Just charts269
23/2/201103:50*** Morgan Sindall ***1
07/10/200910:57Can Morgan Sindall do the Double?175
17/12/200315:52Morgan=est amp41

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Morgan Sindall (MGNS) Most Recent Trades

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Morgan Sindall (MGNS) Top Chat Posts

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Posted at 01/12/2023 08:20 by Morgan Sindall Daily Update
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 2,035p.
Morgan Sindall currently has 47,350,604 shares in issue. The market capitalisation of Morgan Sindall is £973,054,912.
Morgan Sindall has a price to earnings ratio (PE ratio) of 15.98.
This morning MGNS shares opened at 2,020p
Posted at 25/10/2023 13:06 by willie99
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?
Posted at 05/10/2023 15:49 by cruelladeville
AFAIK, MGNS has no exposure to HS2. Just caught up in the fallout. I expect.
Posted at 15/9/2023 18:55 by cruelladeville
True. MGNS still cheap though for a debt free high quality business with a growing order book? Bought in a few months ago at a shade under 1400p so I'm quite happy.
Posted at 22/8/2023 15:02 by thamestrader
What a great share this has been this year. Totally untroubled by the market chaos.
Posted at 02/8/2023 21:31 by master rsi
1912p -12p / Morgan Sindall hails record results as revenue, profit and orders jump
(Alliance News) - Morgan Sindall Group PLC on Wednesday hailed a record first-half as it reported strong growth in revenue, profit and orders.

The London-based construction and regeneration company said revenue in the half-year to June 30 climbed 14% to GBP1.94 billion from GBP1.70 billion the year before. Pretax profit rose 8% to GBP58.0 million from GBP53.7 million and earnings per share advanced 6% to 100 pence from 94.3p.

The order book of GBP9.1 billion at the year-end was 7% higher than GBP8.5 billion last year and the strong financial performance saw shareholders rewarded with a 9.1% increase in the dividend to 36 pence from 33p.

Chief Executive John Morgan said: "We've had a record first half of the year, notably from our Fit Out business which has delivered another outstanding performance in the period, demonstrating the high quality of this business."

"Although the wider economic backdrop remains challenging, conditions have generally eased across many of our markets as the year has progressed," Morgan said.

The firm, which increased expectations for the full year in June, said there had been no change to forecasts since then and it remains confident of delivering another record performance.

The company noted an excellent performance from Fit Out where operating profit soared 43% to GBP30.4 million from GBP21.2 million. Medium-term targets have been significantly upgraded to reflect market opportunities and the high quality of business, the company said.

Construction delivered good revenue growth, up 20% to GBP470 million, with margin in its target range at 2.6%. Infrastructure posted a strong performance with revenue up 15% to GBP428 million at an operating margin of 3.7%.

But cost pressures and operational challenges in Property Services drove a trading loss of GBP4.1 million compared to an operating profit of GBP2.5 million a year ago.
Posted at 25/7/2023 13:09 by cruelladeville
Nice to see a decent run in MGNS shares with the wider market going nowhere. 2000p here soon?
Posted at 14/7/2023 11:44 by galeforce1
It was good to see that surprise trading update at the end of June, telling us that Fit Out is making much more money than expected.

MGNS were expecting Fit Out to make about £44m a year. Presumably they now expect Fit Out to make more like £60m in 2023 and are seeing a much bigger order book.

The problem division at the moment must be housebuilding. As part of Partnership Housing and Urban Regeneration I think MGNS build about 2000 houses per year, mostly at the bottom end of the market. Sales activity must have stalled and prices weakened. I'm not sure how much housebuilding contributes to the bottom line.

Rising interest rates must also mean that the cash on the balance sheet is producing a useful yield. £300m at 2.5% would be £7.5m.
Posted at 30/6/2023 12:48 by cruelladeville
Good to see a decent short term share price performance here. Should continue to perform despite a toasted economy.
Posted at 09/5/2023 08:55 by brucie5
Thorpematt, dividend aside don't you see better value & upside in COST? What do there's think.
Mgns clearly a good company notwithstanding.
Posted at 14/7/2020 11:49 by 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?
Morgan Sindall share price data is direct from the London Stock Exchange

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