Share Name Share Symbol Market Type Share ISIN Share Description
A & J Mucklow Group LSE:MKLW London Ordinary Share GB0006091408 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.00p +0.19% 515.00p 512.00p 518.00p 512.00p 510.00p 510.00p 2,052 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 24.7 29.6 46.6 11.0 325.97

Mucklow Share Discussion Threads

Showing 126 to 149 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
10/1/2018
17:41
Nice to see a bit of volume and liquidity for a change.
my retirement fund
05/1/2018
09:36
Sleepy - yes, it is an excellent story; and no-one can dispute a performance of 16%pa compound growth. Their more recent flatlining of the past 4yrs is presumably because the share price got too far ahead of the underlying NAV. Also agree that the Bull Ring Trading Estate must be a development opportunity; but still doesn't totally explain how/why they had the Book value so wrong. free stock charts from uk.advfn.com
skyship
05/1/2018
09:08
Comment from the Edison (EPIC) thread: if you are interested in quality players in Midlands property, you should look at MKLW. Their track record is exemplary. Div might be slightly lower than some of the others discussed but look at the cover, low debt and progression over a very long period. I own shares in all the above so please DYOR. SKYSHIP3 Jan '18 - 17:44 - 57 of 58 0 0 0 Ho Jombaston Yes, I have MKLW in the Header on the Commercial Property thread - (CP+) - see link: https://uk.advfn.com/cmn/fbb/thread.php3?id=29245091 Not one I really like as I won't buy propcos at an NAV premium. At 30th June valuation the premium is just over 8%; though that could well come down to 3-4% with the Interims in February. Aided by that bizarre sale of the Birmingham Trading Estate for £13m v. £5.4m valuation! How could they have the value so wrong in their books! Also the yield @ 4.3% is hardly generous these days; and their gearing is over-cautious... Sleepy4 Jan '18 - 21:13 - 58 of 58 Edit 0 0 0 Sky Respect what you say about Mucklow and very much thank you for the 2018 JDT thread I have followed Mucklow for many years (occasionally have been a shareholder (not currently or for some time) and I also have direct commercial property interests) and would like to make two points: 1)They are family owned and run. Their objective is to benefit the family through growth in asset value and dividends. This compares to the recently established REITs where a major (main?) objective is to increase AUM so that their investment management fee income is maximised 2)as stated in their 2012 interim statement “50th Anniversary In April 2012, A & J Mucklow Group will be celebrating 50 years as a listed company. Its principal objective has always been to deliver steady, long-term income and capital growth for its shareholders. The Group's financial performance has been exemplary since it was floated on the London Stock Exchange in 1962. The ordinary dividend has increased in 45 out of the last 50 years and never been cut. An investment of £1,000 in Mucklow shares in 1962 would today be worth around £1.6m, assuming dividends were reinvested. The total shareholder return has averaged over 16% per annum for the last 50 years‡” My understanding and belief is that their asset valuations are conservative (is that always the case with REITs?). I have a little knowledge of the Birmingham property market but no specific knowledge of the Bull Ring Trading Estate I have not studied their last annual report but two possibilities come to mind regarding the very large excess to book value of the Bull Ring Trading Estate sale 1) properties are valued based on their existing use or 2) given its size and location its value is as a development property. By their nature development properties are more difficult to value than most other properties and the valuers took a conservative (over conservative?) view. Possibly a special purchaser (eg a developer who owned adjoining property) was prepared to pay a premium price? Perhaps someone more familiar with Birmingham would like to comment? Go to previousJump to the specified articleSubmit
sleepy
19/12/2017
18:34
Oh yes. And I forgot to mention that the sole reason Toys'R'US is teetering on the brink of collapse is because children don't like toys for Christmas any more. The Toys'R'US predicament has nothing to do with the rise of ecommerce and the surge of online shopping and has got nothing whatsoever to do with competition from Amazon or any other online retailer, offering home-delivery. Toys'R'Us stash goods floor-to-ceiling on site in their big barn-like superstores on town outskirts but in the unlikely event an online non-urban retailer needed to warehouse large volumes of toys for kids, they'd just have a fleet of big vans driving around with no need for warehousing or distribution facilities. As you correctly pointed out , it's all horse sh*t and NOTHING HAS CHANGED and there is certainly no new need for non-urban warehousing to cater for the unstoppable rise of online selling.. Thank you for sharing your wisdom with us today. It has added a great deal of value to this thread. QP
quepassa
19/12/2017
13:38
This article from Lloyds Loading is obviously rubbish judging by your far superior knowledge.. It is entitled :"UK warehouse demand set to exceed supply by 2020" hXXps://www.lloydsloadinglist.com/freight-directory/news/UK-warehouse-demand-set-to-exceed-supply-by-2020 It's clearly all nonsense and Lloyds and all the other innumerable industry sources citing burgeoning demand for UK warehousing on the back of exploding e-commerce have all got it so badly wrong. You are the only person in the UK who really knows what is really going on. I must congratulate on your market insight, prescience and penetrating knowledge of macro UK industry issues impacting the UK warehousing sector.
quepassa
19/12/2017
12:35
Clearly you need other people to think for you because you dont have much up there do you?Merry Christmas.
my retirement fund
19/12/2017
12:33
Show me some peer reviewed credible research which can be duplicated if required....Have you actually got any?Nope thought not so do one. Kiddo !
my retirement fund
19/12/2017
11:17
Yawn. How jaded by life you appear. You are absolutely right. Amazon and Ocado have no warehousing requirements, no shops, no distribution and fulfillment centre needs and just keep all their produce in the back of a fleet of Transit Vans. Thanks for pointing that out. Really useful information and such keen,insightful observations. You are absolutely right. The High Streets are as vibrant as they always were. No shops are closing down and no-one is deserting the high street for Big Box warehouses anywhere along any of the motorways in the UK to meet growing e-commerce and online sales. It's just all a complete figment of my and everybody else's imagination. QP
quepassa
19/12/2017
09:10
I am sorry but you are entirely wrong. No need to believe me. Read this for example or just do your own google search on the topic. http://www.costar.co.uk/en/assets/news/2017/September/CoStar-Column-Industrial-rents-set-for-lift-off/ If you don't think that ecommerce sellers ( like Amazon/Ocado/ASOS/Tesco etc etc etc) don't need increased warehousing you are missing a major trend and revolution in shopping/selling habits. ALL IMO. DYOR. QP
quepassa
19/12/2017
08:48
I dont buy that because all this stuff you buy online these days were once sold in shops only a few decades ago yes but back then it still needed to be produced just like it is today and back then it still needed to be stored somewhere until someone bought it.NOTHINGS CHANGED !
my retirement fund
19/12/2017
08:39
The yield on "sheds" is going ballistic with ever increasing warehousing demand to support the burgeoning on-line and e-commerce markets. My view is that Mucklow are way overdue for a market re-rating and in my opinion, the current buoyant market should in due course lead to SIGNIFICANT upwards revaluations of their commercial property estate. ALL IMO. DYOR. QP
quepassa
24/11/2017
11:35
Important story in FT about growing major demand for warehousing on the run-up to Bexit. Apparently firms are already stockpiling heavily lest any possible customs controls add delays to deliveries through ports and disrupt well oiled supply chains. ALL IMO. DYOR. QP
quepassa
21/10/2017
10:56
Presumably, the valuation of £5m three months ago was done by Charlie Cairole ?
dexdringle
21/10/2017
10:47
Yes, that's what I thought. Makes you wonder how cautious their valuations might be!
topvest
21/10/2017
09:30
interesting sale at well above asset value it would have been nice to know the exit yield
ntv
15/9/2017
11:07
Page 5. Today's edition of Investors Chronicle. Upbeat column headed " Solid performance from A&J Mucklow". The IC rate the share in this article as a BUY. ALL IMO. DYOR. QP
quepassa
05/9/2017
08:34
So the spread here is not great. You don't buy these to sell them though. So 3% dividend increase and chalking up a 55 year unbroken dividend record. What's not to like?Interesting comment from Rupert Mucklow. 1K invested in 1962 now worth 3.3M.That's pretty good but not close by any stretch to that of Warren Buffet where it would be worth over 13M excluding currency movements.
my retirement fund
08/8/2017
13:36
Wow someone forced to take 4.85 for a mere ten grand sale ! Not good.
my retirement fund
28/6/2017
14:36
Big Vote of Confidence by highly regarded Money Observer magazine (edition July 2017) for Mucklow. Mucklow is the third company mentioned ( after massive Unilever and mega Alliance Pharma ) in their (self-explanatory) feature headed: "WEALTH HEROES; 10 Crisis-proof shares to BUY AND HOLD FOREVER". The full list is Unilever Alliance Pharma MUCKLOW Burford Cap Mears Group Renishaw RWS Rational (Germany) Heico(USA) Berkshire Hathaway. ALL IMO. DYOR. QP
quepassa
31/5/2017
11:58
Bull signal
zoolook
31/5/2017
11:05
Well if that proves the case the share price wont be going anywhere fast.Worth acquiring on bad days for a steady dividend though.
my retirement fund
31/5/2017
07:12
Rupert Mucklow (Chairman) and Justin Parker (CEO) know the industry, and the local marketplace intimately. Members of the family are still very interested in the company. I would say that a successful bid, at the current time, would be impossible.
redartbmud
30/5/2017
18:48
From memory the concert party that has control over Mucklow is around 50% of the shares. Highly unlikely to be acquired in my view. Think everyone is happy with the status quo.
topvest
30/5/2017
15:58
There is no takeover for Mucklow in my viewe unless the family chooses to sell which seems unlikely to me. Listening to a podcast on Bloomberg about USA real estate, it seems that commercial storage is in enormous demand in the USA, as high street shopping further wains at the inexorable surge of online shopping. Seems that Big Box type industrial storage and warehousing/distribution is in huge demand with rents on the up and up. The same online shopping revolution is happening in the UK. Mucklow has an excellent niche which will prove to be in great demand as the growth of internet shopping will make businesses require larger storage as they migrate from high-street distribution of product to online. Their Midlands focus makes them ideally geographically focused for this purpose Mucklow is a company that sails efficiently but quietly and enjoys being under the radar and out of the limelight. That's their house-style of doing business. Nothing wrong with that. In my view, the demand for UK commercial warehousing/storage/industrial/ distribution will pick up significant momentum and this will support and spur rents and values. A bright outlook beckons for the patient investor who, meantime, will bank high and attractive and reliable dividends. ALL IMO. DYOR. QP
quepassa
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