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
  -5.00p -0.90% 550.00p 550.00p 568.00p 550.00p 550.00p 550.00p 63 09:53:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 24.7 29.6 46.6 11.8 348.12

Mucklow Share Discussion Threads

Showing 151 to 173 of 175 messages
Chat Pages: 7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
13/7/2018
13:11
QuePassa - Yes I can remember when they were Slough Estates and I was a shareholder when they changed the name to SEGRO, it was a bumpy road for a good few years but they eventualy exited their US properties. I hold Mucklow (Obvious since I am reading this board haha) and may well get back into SEGRO. Seems internet shopping is becomming the 'norm' so good for cardboard box makers, warehose facilities, and delivery companies. I think I've got the first two covered but not sure on who to pick for 'delivery companies' most of the big ones are not listed on the London Stock Exchange, am I correct there ??? Some one tell me I'm wrong haha.
losos
09/7/2018
10:18
A fascinating article on page 16 the The Weekend FT headed " Segro rides warehouse boom to join real estate big league". Can you believe , little old Slough Estates - now called Segro- is near overtaking LandSecs as the biggest capitalised UK listed propco. Just £220m behind LandSecs, Segro is now the second largest and market leader in UK warehosuing The FT article talks about how everything is different and how everything has changed in terms of the demise of the High Street and the unstoppable rise of the internet, calling for greater and greater demand for warehouse-type logistics/storage/distribution centres. Excellent news from the sector leader which will ripple out to Mucklow and benefit. ALL IMO. DYOR. QP
quepassa
19/6/2018
20:04
SKYSHIP - Thanks for the update :-)
losos
05/6/2018
12:46
Losos - re those listed holdings - I think I'm right in saying that that has finished.
skyship
21/5/2018
08:10
Interesting article on Page 2 of today's FT Special Report on Property/Risk Management. Article is headed " Warehouses reach for the sky as urban demand soars". The article starts with news about the UK's first triple-decker big-box warehouse due to open 2019 such is the demand for warehousing caused by the online shopping explosion. Apparently multi-story big-boxes are relatively common in Asia and the concept is now spreading to UK, Europe and North America. Elsewhere in the article " A report published this month from JLL, the property consultancy, noted that in the logistics sector, " vacancy rates continue to set new lows with rental growth expected to accelerate over the course of the year" ". Looks like Mucklow is VERY WELL PLACED within the warehouse/logistics sector and should benefit greatly from this fast growing property sector and trend. ALL IMO. DYOR. QP
quepassa
16/5/2018
09:09
You do as you wish - I merely pointed out the opportunity as HCFT on very few people's radar...
skyship
16/5/2018
09:05
Okay Sky we will all sell up here and move to your highcroft then shall we.
my retirement fund
15/5/2018
22:40
what a vile filthy anti-semite. filtered
quepassa
15/5/2018
20:07
Highcroft what another one of those reits whos directors have about as much skin in the game as a foreskin of a jew.Naaa think I'll hang around here for another 50p thanks.
my retirement fund
15/5/2018
14:30
Well done all holders – MKLW has now extended to a 12% NAV premium whilst the yield has dropped to below 4%. They made a nice chart breakout when they broke out of their 4yr slumber (see P. No. 123 above); but now look overbought. The warehousing strategy appears to be meeting with investor approval across the sector; so I played into that trend by buying into off-the-radar mini-propco Highcroft (HCFT). At the year end the portfolio stood at 74% warehouses and retail warehouses. The more I read Highcroft's (HCFT) recent Prelims the better I like them, especially considering the Yield of 5.1% & the Discount of 21.6% at today's offer price of 910p. There was an interesting appointment to the Board at the end of last year. Charles Butler - the former CEO of Market Tech - the £3bn propco which owns great chunks of Camden Market. Certainly represented a vote of confidence in HCFT & its Board. More info here: https://uk.advfn.com/cmn/fbb/thread.php3?id=27218389&from=129
skyship
11/5/2018
06:40
Mucklow look very, very well placed in their chosen niche. Evidence from other important players in real estate continue to point to a deterioration of high street shopping and a commensurate increase in online which is driving big demand for "logistics hubs". 1. Hammerson backs out of merger with Intu as financial strength of retailers and tenants has "softened" 2. St. Modwen sells 27% of its retail portfolio in order to "increase our portfolio focus on assets with better structural growth characteristics" such as logistics hubs. Article on p.18 FT 10/5 refers. ALL IMO. DYOR. QP
quepassa
20/4/2018
13:26
Fab always should be a stock that commands a huge premium imo. Just look at its history.
my retirement fund
20/4/2018
09:45
New 10 year high. Broken out of recent multi year 400 to 500p trading range. Graph gone ballistic in last few sessions. Commercial property sector revalued. Looking well placed for further outperformance as demand for bigbox storage and ecommerce storage fulfillment centre requirements surge. All imo.dyor. QP
quepassa
22/2/2018
10:00
redartbmud - It is not often these days that one comes across an old established firm with major family shareholding. I am starting to build a position, some years back I was in SEGRO but MKLW seem to me to be a better proposition. Time will tell, I've had some real disasters with my stock picking in the past haha. Sincerely hoping I don't jinx your long term position :-)
losos
19/2/2018
10:19
QP Long term holder. It is a small cap, specialist, local to the Midlands and it is controlled by the family. On that basis, it is only relevant to a particular type of institution. The others do not know what they are missing.
redartbmud
19/2/2018
09:25
Fascinating articles in Weekend FT about big-brother sector champion Segro (the old Slough Estates) P15. Article headed " Segro profits surge on online shopping boom" and "Warehouse group soars as retailers rush to rent its distribution centres" p24 Lex Column headed " Segro: hot tin roofs" and "...but cavernous metal sheds next to motorway junctions are where the money is". Great to see Segro doing so well as bodes very well indeed for Mucklow. AJ Mucklow remain undervalued, underappreciated and under-the-radar. ALL IMO. DYOR. QP
quepassa
16/2/2018
13:52
Should add i did pick some up at 498 earlier in the week so its always worth waiting fir a weak day imo.
my retirement fund
16/2/2018
13:48
IC rating as a buy on account of further NAV gains awaiting to be crystallized.Also the dividend although it incorrectly misleads its readers over the dividend which should be more like 22.4p per annum.
my retirement fund
13/2/2018
18:25
Great figures today. Decent enough 3% increase in divi. Excellent upwards reval. Very buoyant and positive outlook. Growing demand for non-urban industrial space underpins. Good all round. ALL IMO. DYOR. QP
quepassa
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
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