The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Sounds impressive but the City seems to have given it a big thumbs down.
Michelmersh to produce the world’s first 100% hydrogen fired clay bricks.
Michelmersh has announced its successful bid to the Department for Business, Energy & Industrial Strategy (BEIS) UK Government, Industrial Fuel Switching competition to conduct a feasibility study to replace natural gas with hydrogen in the brick making process. The programme is part of the £1 billion Net Zero Innovation Portfolio (NZIP) which aims to provide funding for low-carbon technologies to decreasing the costs of decarbonisation.
The project represents a global flagship physical study to replace natural gas with hydrogen in brick manufacturing. Phase 1 of the project will demonstrate the viability of fuel switching and will see hydrogen used in the clay brick production process at Michelmersh’s Freshfield Lane site. The project aims to inspire radical change across the sector and present opportunities and evidence-based research to support manufacturers on their journey to heavily decarbonise the production processes.
https://www.environmentuk.net/component/content/article/309-sustainability/3690-michelmersh-to-produce-the-worlds-first-100-hydrogen-fired-clay-bricks
BEIS Industrial Fuel Switching Programme (IFS) Hydrogen.
BEIS are hosting a hydrogen supply event prior to the launch of Phase 2 of the £55m Industrial Fuel Switching Programme (IFS).
About this event
The £55 million Industrial Fuel Switching competition will support innovation in the development of pre-commercial fuel switch and fuel switch enabling technology for the industrial sector, to help industry switch from high to lower carbon fuels. Funding will be awarded through Small Business Research Initiative (SBRI) contracts, providing 100% funding for pre-commercial solutions. Phase 1 feasibility projects started in March 2022 and are expected to complete in September 2022, with the Phase 2 demonstration competition expected to launch in late 2022 for applications and with £1m to £6m available per project.
https://www.eventbrite.co.uk/e/beis-industrial-fuel-switching-programme-ifs-hydrogen-supply-event-tickets-349598698117
Industrial Fuel Switching Programme.
Phase 1: summaries of successful projects.
Project Name: Deep Decarbonisation of Brick Manufacturing.
Led by: Michelmersh Brick Holdings PLC
Project Location: West Sussex
Funding: £292,624
Michelmersh Brick Holdings PLC will trial the feasibility of replacing natural gas with hydrogen for firing in brick production, with the ultimate aim of demonstrating a potential decarbonisation route for clay brick manufacturing. The project will investigate the feasibility of retrofitting gas burners used for brick firing, trialling 100% green hydrogen in a test kiln at Michelmersh’s site in Sussex. In parallel, project partner Limpsfield Combustion will develop and conduct laboratory testing of burners and investigate their energy efficiency. Other partners/contractors in the project include the University of Brighton, Greater South East Net Zero Hub, Net Zero Associates and Geopura.
https://www.gov.uk/government/publications/industrial-fuel-switching-programme-successful-projects/industrial-fuel-switching-programme-phase-1-summaries-of-successful-projects
Investors Champion: Michelmersh: the brilliance of bricks
https://www.investorschampion.com/channel/blog/bricks-and-kettles
tp 1.50 imv
v o x ma rkets .co.uk
https://www.**********.co.uk/articles/q-a-with-michelmersh-brick-holdings-co-ceo-frank-hanna-and-cfo-ryan-mahoney-33aa3c2/
Excellent interview.
Mystifying indeed this is - ironknut
Unless it's insiders.
Perhaps an II offloading?
In any case, results should be very strong.
Given the 15-16% price rises of Fort and Ibstock since March 8th lows - this disparity with MBH - is huge.
Scooby I asked question back in december and sp fallen further. Your observations make it even more of a mystery.
buys are at 110.5p
march 8th low was 108p
make sense out of that.
FY results tomorrow -
per
https://www.lse.co.uk/rns/MBH/pre-close-trading-update-and-notice-of-results-8ewuqeb3qbvo8s0.html
ahead of expectations
in rev and profit
energy requirements hedged into 2023 - so no issues there
peers
FORT
IBSTOCK
all results that came out in past few weeks - excellent
BRCK
also decent
why on earth is it languishing at < 2% above march 8th 52 week low
no idea
MBH was already cheap to its peers w.r.t PE ratio
MBH make premiuum bricks
housing demand very strong from housebuilders for bricks
pretty cheap again (rel to market & peers) imv
Trading to-day. Many sellers ,no buys. Brickability group seems to have provoked a negative reaction. sp remains depressed. Any thoughts why ?
Although I can't see any direct correlation, today's announcement of an acquisition by Brickability might have sparked interest.
Anybody know the reason for today's rise?
eckon 120ish is the new 90p
....look at comparators with FORT or IBST
...& what about sector consolidation (isn't MBH a tasty morsel??)
#base
tp 150++
Two interesting explanations, but long term seems a sound company to be with.
Employees 3 year SAYE options getting exercised(75.1p).SP will go back up when done,usually does.
There has been a lot of short term peaking and troughing on this share over the past six months and at times some large transactions. I’m not sure whether some large positions are being built and, if so, what they signify.
The current dip is still miles ahead of where the shares were a year ago so, as a long term investment, I’m quite happy. Obviously there is potential for some short term trading too.
Cannot see reason for rather depressed SP some bad news i am not aware of ?
This is a good business. I first bought years ago. I have never traded this stock by selling and then buying back at a lower price. If you get the timing right you will do well, but you need to be constantly monitoring the SP, which I do not do for this holding.
Seems a good solid investment. Buying in below 150 looks sound to me, but not looking for a quick easy profit.