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low and highs for the last week have been interesting and we finished the week with decent volume now we are in the run up to the dividend lets hope it contiues and we make a few quid here
MGNS is cheap considering its fundamentals. In my opinion the share price will increase considerably when the economy gets better. Apart from that it is an excellent dividend payer. It has been increasing its dividends for the last 15 years. www.downtoearthinvestor.co.uk
Morgan Sindall reports a healthy forward order book BFN Housing regeneration specialist Morgan Sindall Group said this morning that its positive start to the year has continued through the half-year to end-June and it remains on track to meet expectations for the whole year. The Group's positive start to the year has continued and we remain on track to meet our expectations for the current year with improvements in underlying trading expected to offset the estimated £2m net cost of the integration of the Construction and Infrastructure Services divisions in the current year. Morgan Sindall has combined the Construction and Infrastructure Services divisions to create a single, enlarged division trading under the Morgan Sindall brand name. The new division, Construction & Infrastructure, has been created primarily to deliver a more integrated service to a number of clients who procure both civil engineering and building work. In construction the division's strong start to the year has continued. It has won a good level of new business with some notable contracts being secured including, most recently, the Tayside Mental Health PFI. However, uncertainties remain about the precise impact of the planned cuts in public spending and the Group continues to monitor the situation closely and to develop contingency plans accordingly. Demand from infrastructure markets for the first half of the year was, as expected, lower than the comparative period last year largely due to the transition from AMP4 to AMP5 in the water sector and delays in the award of some major infrastructure projects. The Construction & Infrastructure division has successfully converted all of its preferred bidder opportunities (£0.9bn) since the start of the year. Consequently, its outlook remains robust with the forward order book increasing by around a quarter since the start of the year along with a healthy pipeline of major construction and infrastructure opportunities still being pursued. Fit Out has benefitted from improved market conditions driven in particular by demand for larger projects, with revenue increasing by around 10% in comparison to the same period last year. Revenue for the second half of the year is expected to exceed that achieved in the first half. The division's short term outlook remains healthy with the order book increasing by around a third since the start of the year although we expect market conditions to be very competitive in the second half of this year. Affordable Housing's trading in the first half of the year was in line with the same period last year with demand for new build social housing and refurbishment remaining firm. Market conditions for open market housing are slowly improving but demand remains subdued, constrained by the lack of mortgage availability. The outlook remains unchanged with the forward order book being in line with the level at the start of the year. As announced on 30th June the
RNS Number : 4573O Morgan Sindall Group PLC 29 June 2010  29 June 2010 Notice of trading update and half-year results Morgan Sindall Group plc will issue an update on trading for the six months to 30 June 2010 on Friday, 2 July 2010. Half-year results for the six months to 30 June 2010 will be announced on Monday, 9 August 2010.
RNS Number : 5648O Morgan Sindall Group PLC 30 June 2010  30 June 2010 Morgan Sindall Group has acquired Powerminster Gleeson Services Morgan Sindall Group plc ('Morgan Sindall Group'), the construction and regeneration group, is pleased to announce that it has acquired Powerminster Gleeson Services ('Powerminster') from the MJ Gleeson Group plc ('Gleeson'). Morgan Sindall Group has paid a total cash consideration to Gleeson of £6.61m for the entire issued share capital of Powerminster. Powerminster currently has net assets of £3.6m including £1.8m of cash. The payment was made from existing cash resources. Powerminster provides a range of facilities management services that include both planned and reactive maintenance to housing associations and housing PFI schemes. The acquisition significantly enhances Morgan Sindall Group's maintenance capability within its affordable housing division, Lovell. The division's response maintenance business, Lovell Respond, is mainly focused in the Midlands, whilst Powerminster has a strong presence in the North West, North East and South East of England. Bringing together the two businesses' complementary expertise and geographical presence creates a UK-wide, planned and reactive maintenance and estates management services business under the Lovell Respond brand. In the year to 30 June 2009 Powerminster achieved an operating profit of £1.0m on revenue of £18.7m. Paul Smith, Chief Executive of Morgan Sindall Group plc, said: "This is an important strategic acquisition for the Group. It gives our existing response maintenance business significant critical mass, creating a nationwide offering and substantially enhancing the range of services we provide. It also leaves us better placed to take advantage of the response maintenance element of future social housing PFI schemes. "Social housing contracts are increasingly being tendered on a combined planned and responsive maintenance basis. This acquisition ensures that we can continue to meet our clients' needs and further builds on the strong position we hold in the social housing market."
Blue is my favourite colour - and theres plenty of it here folks !
Doncaster health centre construction work on track 22/06/2010 15:00:15 Morgan Sindall has reported that construction work on a new healthcare facility in Doncaster remains on track, as well as revealing the sustainable methods it is using in this project. Following the demolition of the Doncaster Trades and Labour Club at Sepulchre Gate West, Morgan Sindall has now begun the ground works phase of the development of the £6.5 million Town Hub primary care centre on this site. The construction firm intends to minimise the environmental impact of this project by utilising recycled materials from the demolished club, while the development is also having a positive effect on local construction and civil engineering recruitment. Project manager Paul Limb explained: "We will be using local labour resources where possible and hope to employ at least 55% from within a 20-mile radius of the Doncaster area. "This is an important project for the local community and we are confident we can deliver a first-class facility." This is one of two healthcare facility construction jobs Morgan Sindall is undertaking in Doncaster at the moment, having also been contracted to build the new £5.9 million Conisbrough Primary Care Centre.
23/06/2010 Morgan Sindall Awarded £16m Contract From Defence Estates Construction company Morgan Sindall has been awarded a £16 million contract from Defence Estates to relocate one of the Army's units from St John’s Wood to Woolwich. Working with architectural practice Scott Brownrigg, Buro Happold, RPS Group (Landscape) and Reitanlagen-Stiller equine consultants, Morgan Sindall will create an eco-friendly home for the King's Troop Royal Horse Artillery at Napier Lines in Woolwich – the historic home of the Royal Artillery. The development will provide stabling and full supporting facilities for 170 horses, as well as the troop's historic gun carriages. The new facility will run on fuel pellets created from horse manure and bedding which will produce bio-fuel to supply the needs of the development. The project incorporates extensive equine training facilities. These include an indoor training school and viewing gallery, regimental offices, museum, gun park, forge, a manége and canter track and a forming-up area for the mounted troop and gun carriages. The adjacent Woolwich Common will also be regenerated to be used for training on an all-weather surfaced area. Morgan Sindall was selected by Defence Estates following an open and competitive tendering process. Work begins in September and will complete in November 2011.
It's been all good news this year for MS contracts here's hoping for a nice Divi in due mid August !
21 June 2010 MORGAN SINDALL GROUP PLC WINS £95.4M TAYSIDE ACUTE ADULT MENTAL HEALTH DEVELOPMENTS PROJECT Morgan Sindall Group plc, the construction and regeneration group,has been awarded a £95.4 million contract to design and build the Tayside Acute Adult Mental Health Developments scheme in Scotland. Morgan Sindall, the Group's construction and infrastructure division, working with Morgan Sindall Investments Limited and Robertson Capital Projects, on behalf of NHS Tayside and the North of Scotland Planning Group, will design and build new mental healthcare facilities at Murray Royal Hospital in Perth and Stracathro Hospital in Angus. The inpatient facilities provided will create 183 new bed spaces at Murray Royal Hospital, with an additional 52 at Stracathro Hospital. Work at Stracathro Hospital in Angus is scheduled to complete in September 2011 and at Murray Royal Hospital in April 2013. Paul Smith, Chief Executive of Morgan Sindall Group plc, said: "We are very pleased the scheme has reached financial close and we have been chosen to deliver these major healthcare projects. This appointment recognises our expertise in the design and delivery of high-value, complex facilities, particularly PPP and PFI hospitals. This contract demonstrates how the combined skills of the new Morgan Sindall construction and infrastructure division, supported by Morgan Sindall Investments, enables us to provide state-of-the-art facilities. It also enhances our position as one of the leading construction groups in the health sector."
MORGAN SINDALL AWARDED £500 MILLION E.ON FRAMEWORK Morgan Sindall plc, the construction and regeneration group, today announces that Morgan Est, its Infrastructure Services division, has been selected by E.ON for a 10-year framework contract, covering E.ON's Central Networks eastern region, with an estimated value of £500 million. The programme of works will include capital asset replacement and reinforcement to overhead lines and underground cables up to 33kV. In addition, Morgan Est will carry out works to replace distribution plant and remedial work programmes, which include building, civil engineering works and the inspection and maintenance of the distribution network up to 132kV. Work will begin this month. Paul Smith, Chief Executive of Morgan Sindall plc, said: "This is a very important win for our Infrastructure Services division, building on the strong relationship we have developed with E.ON over the past decade. We see a number of opportunities in the energy sector and our position within this market leaves us well placed to benefit from this trend."
the total dividend for year was 42p i expected share price to rise significantly up to ex date but never did ? beats me why someone would not want instant 5-6 % return
30p DIVIDEND!!!!!!!!! thats more than some companys where their share price is over £20!!! GOES ex tomorrow.....so have to buy today to get the dividends......expect a fall tmw though its only usual but should be back to normal in a week or two!
Bought these at 541.9 about 2 weeks ago as a long term investment paying a good yield. Dividend maintained and yield of 7%. Company has managed the recession well and is well placed for recovery. Well worth researching and buying in for the medium / long term imo.
Anyone know what is driving the recent rise as no one seems to have picked this up. As mystifying as the fall through the autumn.
seems to be moving a bit.
Anyone got info on this share? It seems to have attracted some sudden interest today with a big buy after an upgrade yesterday but past volume seems very low.
Im fairly new at this game, keeping my eye on these shares, any thoughs gratefully recieved. They were £17+ at the peak, looks like they might be on the rise again now.
This share is frustrating. But it's the only builder I know who gained today! Hope to back to evens soon, then who knows?
Nice little earner of 10 years.... Share price too expensive for me though: http://www.investegate.co.uk/Article.aspx?id=200903131404358432O
http://www.investegate.co.uk/Article.aspx?id=200902240700117607N