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I know for a fact Michelmersh now have on average a 20 week wait for bricks at this time and they are putting prices up.
being paid and being offered 70.55p to sell.
Ticking up nicely today...
good day for mbh nice rise and nice to see all the buys well done with your research over the weekend , amer may be worth a look , bought quite heavily into amer as well a number of months ago when share price dropped , now looks like also starting to rise , will be hoping to see mbh share price climb some more and i wish every one a prosperous 2014
blue day,hope it continues, my research over the weekend might pay off for a change...
recommended your posts nice to see all the buys coming in , the share to me looks to have potential , well done to all who have been holding this share and watching share price start to move up , have also been watching amer as it starts to move up ,good feeling to be holding a share when it starts to rise , day traders can sometimes make money however sometimes those holding shares can make more , some times patience pays with shares
Bought a few this morning,demand for bricks is outstripping supply,national shortage of clay based building products and long lead in times, Prices will go up, DYOR..
Relentless!!! Just keeps going!!!
have around 20 week lead time on many of their brick range. They are flat out.
will the cancellation of the homebuy scheme see a dip?? Good news is brick prices are going up across the board.
Been a lot of odd trades recently....probably explained by todays holdings RNS. ...now let us move up lol
Mahongous delayed trade!
For half of the Blockleys works, which is going strong. Hanson are reopening the mothballed Claughton Manor works this month due to the upturn and Michelmersh were rumoured to be looking at buying the old Hanson Accrington site. Probably wont happen.
:)))
lp 52-56
Ibstock is part of CRH Plc.
I just started to compare MBH with INL ( Inland. The strong point for both is supposedly their respective landbank. ( Inl seems to go the route of buying cheap polluted former industrial waste land and then trying to get planning permission. Haven't looked at the figures and mark up/ profit margin etc. Inland has a mktcap of ca 85 million, MBH less than a third, but more regionally focused/ geared. Does Ibstock ( largest brick maker in UK ) have direct/ indirect listing on any exchange? just throwing some balls in the air.
Just bought more. Brick stocks have halved in UK the last 3 years according to the Industry due to recession. As brick demand increases, following Gov programme , brick price will rise and , in my opinion, MBH margins will rise considerably. Best play I can find on the potential new Housing boom, the House Builders stocks have risen already.
my 6k of share options at 19p aren't looking to bad at the mo.
This company is interesting-both as an Asset play and for potential to see rapid eps growth. Plus they have a share buy back scheme in place. Although there is a majority shareholder, that also does not rule out a t/o bid-it does happen. Other companies in the building sector have very bullish outlooks- suppliers of toilets etc and once the new building increase the Gov wants comes through(and the demand is there) then the margin on bricks will increase. Total brick stocks in the UK have halved during the last few years, and any decent increase in demand will lead to increased prices. The management are personally committed to the business through shareholdings, so I can see little downside and a decent upside. But do your own research and look at facts don't buy on hope or luck.
2 September 2013 Michelmersh Brick Holdings Plc ("MBH", the "Company", or the "Group") Half Year results for the six months to 30 June 2013 Michelmersh Brick Holdings Plc (AIM:MBH), the specialist brick manufacturer and landfill company, today announces its unaudited half year results for the six months to 30 June 2013. Financial Highlights • Group turnover increased 10% to £13.1 million (H1 2012: £11.9 million) • Exceptional restructuring costs of £2.2 million incurred mainly in relation to closure of Dunton brickworks; £1.7 million uplift in land value as cessation of brick manufacturing at Dunton releases landfill potential at the site • Operating profit from continuing activities* (excluding restructuring costs) of £376,000 (H1 2012: £493,000) • Loss before tax of £2.4 million after restructuring costs of £2.2 million (H1 2012: loss of £84,000) • Continuation of debt reduction process over 12 months of £1.5 million • Loss per share (after restructuring costs) of 3.15p (H1 2012: loss of 0.14p) • Net asset value of 60.2p per share (H1 2012: 59.5p)
yes, it states that the assets alone are worth more than the share price, always a good place to be.....#slaterwouldbewetwiththisshare
By galvan today, suggest it could return to previous levels in 130p range
SALE OF 15 ACRE SITE IN TELFORD, SHROPSHIRE Michelmersh Brick Holdings PLC (AIM: MBH), the specialist brick, land development and landfill company, is pleased to announce that it has exchanged contracts with Bovis Homes Limited on the sale of the 15 acre former factory site adjacent to its brickworks in Telford, Shropshire for a total consideration of £4.6 million in cash. The consideration is payable as to £1.6 million on completion, with £3.0 million payable in equal instalments on the first and second anniversary of completion, which is expected to take place within four months, after satisfaction of certain conditions. The net proceeds will be used to reduce the Group's borrowings and to meet the cost of the site re-organisation and taxation arising from the sale. The Group's audited accounts for the year ended 31 December 2012 included this plot of land under "current assets land for sale" at a value of £3.35 million, being the estimated sales proceeds less the associated costs of the sale and estimated costs of reconfiguration of the continuing operational brickwork site. The Group will now seek to bring to completion the planning matters relating to the 15 acres of land ready for disposal under the Persimmon Option agreement, which should benefit from the precedent set by the above sale. Martin Warner, CEO of MBH said: "The Board is pleased to achieve the disposal of this parcel of land which now allows the Group to proceed with the ongoing development of brick manufacturing, landfill and other development opportunities both at the Telford site and elsewhere in the Group."