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Anyone any idea why the share price is languishing in the low 90ps? Well run company with great potential for growth expected it to push through the £1 barrier early this year especially with the banking sector taking such a hit. This share seems as safe as houses forgive the pun...
bought 7k more
enjoying this range trading up to £1
FORT offers me a backstop lol
bought 5k
I agree... Many in sector look oversold. MSLH look interesting in this respect. They have hitherto been a very solid and well managed outfit. One wonders at current low capitalization if they will attract an opportunist unwanted bid from a foreign predator... A bit like DVO did last week. One to watch methinks!
Life is clearly going to continue to be tricky in the wider building industry but I think the materials suppliers will outperform the builders. While volumes may drop a bit, the key challenge has been to show that prices can recover raw material inflation. Both MBH and Breedon have today shown that. The sharp sell off in the supplier industry was overdone.
but that's a crcking update
will Hoskings sell into increased interest/volume
I'm ready to buy more in dips
suggests difficult to read MM and trend change
the overhang from Hoskings (and their view / intentions) dominates imv
on fundamentals, this looks cheap v fort and ibst...it has risks around managing energy costs (and pricing power), but management experienced and aligned
I'd love to scale up to 100k, but still expect a nervous sp hovering in mid 60s before the big swing up to fair price £1++
Hoskings still selling?
only 6m shares left lol
tp 50p if they just carry on dumping
?
can sell in volume now
===>topped up
hold 40k
interesting games in pricing and availability
I would probably double my position if the market would take a dummy sell of 10k+
sure may bottom c55p, but this is absurdly cheap already imv
below tnw; low pe; good experienced management; decent if fagile market
could be a t/o target?
These seem pretty decent results to me. Revenues and profits up.
The negative was a decline in margin, though this will probably be rectified by the recently announced price increases.
The main risks remain the state of the UK economy and the potential decline in building work. It will be interesting to see what senior management say in the investor conference call on Thursday.
A P/E of a bit over 13 seems slightly low for a company, which continues to perform but I’m cautious about any share purchases in the context of wider market weakness.
MBH holding a retail investor presentation, followed by a Q&A session on Thursday, 08 September at 15:00(BST).
https://www.londonstockexchange.com/news-article/MBH/retail-investor-conference-call/15612768
In two years time I would say. This has not even started yet.
Berenberg Bank set a target price of 160 GBX for the company, which when compared to the Michelmersh Brick Holdings Plc share price of 93 GBX at opening today (11/07/2022) indicates a potential upside of 41.9%.
https://www.defenseworld.net/2022/07/09/michelmersh-brick-lonmbh-receives-buy-rating-from-berenberg-bank.html
Michelmersh Brick Holdings Plc with ticker (LON:MBH)
Now has a potential upside of 41.9% according to Berenberg Bank.
Berenberg Bank set a target price of 160 GBX for the company, which when compared to the Michelmersh Brick Holdings Plc share price of 93 GBX at opening today (11/07/2022) indicates a potential upside of 41.9%.
Trading has ranged between 88 (52 week low) and 152 (52 week high) with an average of 93,717 shares exchanging hands daily.
The market capitalisation at the time of writing is £87,595,257.
https://www.***************************/michelmersh-brick-holdings-plc-41.9-potential-upside-indicated-by-berenberg-bank/4121072391
Vistry boosted as robust housing demand eclipses soaring costs.
Property developer Vistry Group has upheld its optimistic earnings outlook following continued strong demand for new housing.
Vistry Group revealed it completed the construction of 3,219 homes in the first half of 2022.
A slight rise from the 3,126 built during the same period last year said that despite current economic uncertainty.
The FTSE 250 company said that despite current economic uncertainty
It expects to report adjusted pre-tax profits of around £417million for this year.
Which is towards the top end of market forecasts.
It also anticipates margins in both main divisions.
Housebuilding and Partnerships will surpassing annual targets as higher sales prices outpace the growth in costs of energy, wages and building materials.
There are signs that the housing market is beginning to cool down.
With five successive base rate hikes by the Bank of England since December and a growing cost-of-living crisis putting a dampener on prices.
But yet Vistry Group notes that demand remains strong, with forward sales at the end of June totalling £2.14billion, a 16 per cent leap on the equivalent time last year.
https://www.thisismoney.co.uk/money/markets/article-10994147/Vistry-Group-maintains-robust-annual-profit-forecast.html
Vistry Group stays upbeat on robust demand for new homes.
Demand for new homes is still strong despite rising interest rates and inflation.
According to Vistry Group the latest large housebuilder to downplay the effect of the UK’s economic slowdown on the property market.
Those concerns have weighed on shares across the housebuilding sector in the past six months. Vistry’s share price is down by around 28 per cent over that period, Persimmon’s 34 per cent.
But Greg Fitzgerald, Vistry’s chief executive, said “whilst mindful of the wider economic uncertainties, we are positive on the outlook for the group.”
https://www.ft.com/content/b97697ab-235c-4bfc-bfbc-abec65664261
Michelmersh Brick Holdings plc.
Share price passed below its 200-day moving average.
The stock has a 200-day moving average of GBX 117.97 and traded as low as GBX 88.00.
Michelmersh Brick Holdings plc has been the topic of a number of recent analyst reports.
Berenberg Bank reissued a “buy” rating and set a GBX 160 price target on shares of Michelmersh Brick in a report on Friday, June 10th.
Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 162 target price on shares of Michelmersh Brick in a research report on Friday, March 25th.
The company has a market cap of £86.72 million 95.88 million Share's in issue.
Also in recent days, housebuilder Persimmon cut its own full-year production forecasts to between 14,500 and 15,000 new homes. It had previously expected volumes to grow between 4% and 7% year-on-year from 2021’s 14,551 delivered units.
Persimmon said that “delays in the planning system, disruption in material supply chains and challenges in securing labour” had impacted construction levels in the first half of 2022.
This has the potential to damage demand for all building products.
This includes Michelmersh which City analysts expect to record a 40% rise in annual earnings this year.
That said, I believe recent share price weakness reflects the growing near-term threat to the brickmaker’s bottom line. Michelmersh’s share price has dropped around 30% since the beginning of 2022.
At 90p per share with a PE ratio of around 10 and div yield of 4%
I’d happily buy Michelmersh shares despite this near-term danger.
This is because I buy on the returns I expect to make over the long haul.
Yes I am a shareholder and a long term holder, and if the share price drop's any more I will be buying some more.
I consider Michelmersh as a quality company and hopefully in the future the share price will reflect this.
The company can and will increase prices.
There was a 9.5% price increase last January and another planned July 9.5% increase just now.
With energy costs hedged this may actually lead to an increase in margins.
Michelmersh is a premium brick company with wealthier customers and selling into a market where demand exceeds supply.
With a PE ratio of around 10 and div yield of 4%
I think this company is grossly undervalued.
Enjoying your information on this message board. clearly you consider this a quality company. I am shareholder, long term, holding that opinion. Hopefully in the future the sp will reflect this,or have we got it wrong.
Michelmersh nominated for 19 shortlisted projects at the BDA’s Brick Awards 2022
In another stellar year for the clay brick industry, Michelmersh is excited to have been nominated for 19 projects at the 2022 Brick Development Associations Brick Awards. The BDA’s Brick Awards attract exemplary projects from the UK’s leading contractors, developers, architects and housebuilders to submit their work across a range of 18 different categories.
The Brick Awards have been running for 46 years and in that time has become one of the industry’s most respected and well-attended events. The Brick Awards cover projects from the UK and the rest of the world with 18 categories featuring the best of individual houses to large housing developments, urban regeneration and housebuilders, commercial, public, education refurbishment and more, all ultimately culminating in the “Supreme Winner” category. New for 2022 is the Sustainability award, sponsored by Michelmersh – a chance to highlight the positive and sustainable opportunities presented by clay brick.
https://www.mbhplc.co.uk/michelmersh-nominated-for-19-shortlisted-projects-at-the-bdas-brick-awards-2022
Michelmersh Brick Holdings PLC remain on track to meet full year expectations.
Trading Update and Notice of Results.
Michelmersh Brick Holdings PLC (AIM: MBH), the specialist brick manufacturer, today announces a trading update ahead of its half-year results for the six-month period ended 30 June 2022.
Since our announcement on 12 May 2022, the trading performance of the Group has continued to be positive in the second quarter of the year and the Group is pleased to report revenue for the first six months to 30 June 2022 of at least £33 million, representing an increase of over 10 per cent compared to our 2021 interim results, and combined with our well-balanced forward order book, we remain on track to meet full year expectations.
The first half of the year has been characterised by strong operational cash generation which has driven Group cash as at 30 June 2022 to £9.5 million. This cash position, combined with the Group's undrawn Sterling and Euro denominated bank facility of £20 million entered into in FY21, provides the Group with considerable financial resilience and the flexibility to pursue strategic investments and acquisition opportunities in the future where they meet our commercial and financial criteria and complement the existing portfolio.
As we highlighted in May, we continue to operate in a more challenging environment due to the ongoing elevated inflation rate and unpredictable energy cost environment. To protect our margins, we have remained focused on mitigating risks to our input costs as well as maintaining appropriate portfolio pricing, and in collaboration with our customers we have introduced our standard timetabled price increase at the start of July.
The Company intends to announce its half-year results on 6 September 2022.
Michelmersh Brick Holdings PLC is a business with seven market leading brands: Blockleys, Carlton, Charnwood, Freshfield Lane, Michelmersh, Floren and Hathern Terra Cotta. These divisions operate within a fully integrated business combining the manufacture of clay bricks and pavers. The Group also includes a landfill operator, New Acres Limited, and seeks to develop future landfill and development opportunities on ancillary land assets.
Established in 1997, the Company has grown through acquisition and organic growth into a profitable and asset rich business, producing over 125 million clay bricks and pavers per annum. Michelmersh currently owns most of the UK's premium manufacturing brick brands and is a leading specification brick and clay paving manufacturer.
Michelmersh strives to be a well invested, long term, sustainable, environmentally responsible business. Opportunity, training and security for all employees, whilst meeting the needs of stakeholders are at the forefront of everything we do. We aim to lead the way in producing some of Britain's premium clay products and enhancing our environment by adding value to the architectural landscape for generations to come.