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Well I saw a big director sell a few days back so decided to follow suit and bank a good profit.
I am thinking that the price MAY pull back in the short term (as they say -sell in May) and then pick up again late summer. We will see as this company is a great one.
Profits are similar, programmes are extended to cater for Covid, hence prelims go up to accommodate this. Just costs the customer more.
I am far from unhappy Jebediah.
If you read my previous post you will see I made a 61% profit on the sale (almost £8 per share). I do however, have a bad habit of selling before a major jump in the price of this share. No complaining though, I have always sold at a good profit and have collected some generous dividends over the years.
Good luck
kenj
Cheer up Ken, you are maybe clear of CGT. I too went early but only to top slice and use up my CGT allowance. When the hot money moves on we may both have a chance to get back in.
I sold too early yesterday, as usual, with this company.
However, I got 20p more per share than the CEO who sold 650,000 shares yesterday at 2050p.
With the current sp of 2235p John Morgan could have made £1.85 more on each of the shares he sold. That is a notional loss of just over £1.2m.
As I held only 200 shares my loss is far less painful.
Well-excellent results even better than I expected. You would not think that there had be any pandemic looking at their results and forecasts. The future here looks even better every time they report.
Could well get tip in the press with the great prospects they have going forward.
A very well run company with a great future.
I sold today at 2072p after the excellent Trading Update. Could not resist a 61% profit, but I will be looking to buy back in if the share price drops.
i sold mine yesterday purely due to thinking the markets may drag them back down again. i think the details in the report were really good, bodes well for the future, but the uk market tends to do lots of toing and froing. the odd time you may miss out but usually you get many bites of the cherry.
Agree. Looks good for £19-£20 on management forecasts, if they are slightly ahead of 2019.
Government will likely be throwing lots of money at construction to kickstart economy which could mean potential upgrades too.
I would repeat my last comment as although share price has moved up still plenty to go for here -
-Excellent results and dividend to boot with great forward prospects. What more could you want. No effects from Covid on forward work. Re rating will happen over next few weeks as investors digest results see potential.
AND-here is what they say for the future "The size and quality of our growing secured workload at well over £8bn leaves us well-positioned for the future and we are on track to deliver a result which is materially ahead of our previous expectations and slightly ahead of that delivered in 2019."
Excellent results and dividend to boot with great forward prospects. What more could you want. No effects from Covid on forward work. Re rating will happen over next few weeks as investors digest results see potential.
1,225.32 GBX +61.32 (5.27%)
4 Nov, 08:01 GMT · Disclaimer
Ummmm ! Morgan%20Sindall%20in%20£300m%20housing%20alliance.html
GFRD
Sold there housebuilding !!!
The most undervalued house building share is by far GFRD. Results out Wednesday will surprise all, trust me
))
Is COVID related shut downs causing margin erosion on contracts.
Easy to see how- delays and reduction in efficiency.
Longer term I would be more confident on,
however it's difficult to be confident of much atm.
Hence I'm not clicking any Buy recommendation.
£8., well never say never and we could face more lockdowns.
I bought a very small amount today, just for transparency.
tp £8
N/m
This co for me is very much under the radar ! Compared to its peers like KIE, BBY, Costain and Interserve, the trading volume of its shares is very low, its balance sheet looks reasonably healthy and the co should greatly benefit with the coming infrastructure boom promised by the government. And yet the price is stuck in the 1250 range !!! Why ?
looks more likely to retest its low...perhaps dip below £10?
Well someone chickening out took a loss but I think they have left at the wrong time as things in construction get back to normal especially in the public works sector where Morgan Sindall is.
It can be easily achieved. Look at the all institutional funds that invest in the stock https://fintel.io/so/uk/mgns
They are moving the price , also the business outlook for MGNS is great