Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
https://tinyurl.com/y782l2ea
Monday, 11th May 2020, 10:55 am
Union launches campaign to save almost 100 jobs under threat at Falkirk concrete firm
Unite Scotland has stepped in to try and stop Falkirk landscaping and concrete company Marshalls laying off almost 100 employees
Monday, 11th May 2020, 10:55 am
According to the union, the firm recently announced around 95 job losses at its Dollar Industrial Estate site, with production set to move to other sites in the UK.
In response Unite has launched a campaign highlighting several cost-saving measures which could improve the viability of the plant post-COVID-19.
The workforce is currently furloughed under the government’s Coronavirus Job Retention Scheme, but despite the financial assistance the company has opened a consultation on the redundancies.
Unite the union has launched a campaign to try and save almost 100 jobs at Marshalls' Dollar Industrial Estate site
Unite the union has launched a campaign to try and save almost 100 jobs at Marshalls' Dollar Industrial Estate site Copyright: JPIMedia
As part of its campaign, the trade union has also targeted local politicians and the Scottish Government for support to retain the jobs in Falkirk.
Unite industrial officer Scott Foley said: “The decision by Marshalls to announce 95 redundancies will have a major impact on the local economy including the supply chain. Despite stating publicly their concerns over the financial impact the Coronavirus pandemic has had on the company, the directors have still found the time to award themselves inflated bonuses and enhanced remuneration packages.“We believe this decision is needless and premature. Unite has launched a campaign to retain the jobs in Falkirk and we will leave no stone unturned. We ask the local community and politicians to support the workers and together do all we can to get Marshalls to change their minds.”
Marshalls PLC, which employs 2000 people throughout the UK, is a leading manufacturer of innovative hard landscaping products and operates quarries and manufacturing sites throughout the UK.
It stated its Falkirk site had been greatly affected by the COVID-19 lockdown.
A Marshalls spokesperson said: “The economic impact of COVID-19 has been widely felt and is expected to reduce the demand for our products in 2020 and 2021 compared to last year.
Mashalls is now in consultation with employees over redundancy proposals
“Consequently, like many other companies in the UK, we need to make adjustments so that our business is more sustainable to reflect the lower level of activity than we had originally planned before the outbreak of the COVID-19 pandemic.
“Regrettably, we have therefore started to consult on a redundancy proposal. We are actively briefing the affected team members to ensure that they are supported through this process.”
Marshall and their peers will be one of the industries allowed back to work and continue manufacturing after restrictions are lifted in 3 weeks time - so after the early May bank holiday.
What we don’t know is the impact on demand for the likes of new build developments. Hopefully the fundamentals have not change in terms of the requirement of new build housing stock, which will benefit PD Edenhall and some of Marshall’s concrete paving/ walling products.
Should be no change for drainage product demand and with now HS2 already given the green light bodes well.
There may be a negative impact on the retail sector - households may holdback having a new driveway/ patio if they have been adversely impacted by COVID-19. The high end natural stone and porcelain paving, which is really popular at the moment may take a hit here and all producers like Marshall’s, Aggregate Industries, Brett Landscaping all make decent profits from these traded products - higher profits than their own manufactured paving products.
WHISPERS
Like all class outfits these shares look expensive but they are dominant in various growth areas and very well managed.
Current drivers include brick manufacture at Edenhall and water treatment e.g. drainage on smart motorway conversions.
Martyn Coffey CEO assured me at AGM this morning that Marshalls suffered no collateral damage from demise of Carillon as invlvement was through joint ventures avoiding direct exposure. Future projects including Crossrail stations,Hinkley, and HS2 bode well for the future-Martyn said that 75% of projects tendered for on Crossrail were accepted-what's not to like?
No doubt piles of Marshalls products are stacked in Carillion sites as with all major building suppliers. Fortunately they have the strength to weather this and lessens will have been learned, but the industry doesn't work on a C.O,D basis The setback presents an entry point .for those not aboard this smart outfit.
or did i dream that?
Good intel Boro :)
There have been a number of visits from Head office regarding the Stockton On Tees site, which sits directly next to a main railway line, and the talk is that Marshall's are going to put a stop there to transport stock all around the country more efficiently, Plus production is being increased up by 100% and new machinery to come in.
Unfortunately no, but I bought some at 2.91 on the share scheme 23mth ago, 11mth to go on that one. A case of, if only.
And have the years been kind to you getcarter, hopefully you hold some shares in Marshalls and seen (and benefited from the growth)
More fool me, was working at Marshalls wen price was 60p and still there now
Hi Pimpin, After some research on Friday< I decided to sell one of my big companies ad created some additional funds to invest in four companies. Of course one of my investment was Marshalls as I think Marshall is going to be a growth company for 2018 & 2019
I was on one of our development sites yesterday and saw about 100 pallets of Marshalls blocks waiting to be used. It made me smile....
It's definitely a quiet BB on here. To be honest after some of the other BB's I've seen recently turn themselves into slanging matches that's not necessarily a bad thing. I'm in no rush here. I like the performance to date. I like the recent acquisition and with HS2 etc coming along I think Marshalls are well placed to benefit from the infrastructure works.
Hello Pimpin, We cannot be the only pi's with Marshall, however IMO long prospects are very good. At the moment I am talking two years, but during that period I intend to top up as and when. Regards DAR
And great prospects moving forwards too.
Hi all, Last December ('16) the share price was 272.30p and now 470p, very nearly 75% in 10 months - very few postings on this bb. This growth can't have gone unnoticed. Really glad this company is in my p/f. EXCELLENT. ATB DAR
Hi all, This morning there was a broker rating increase - Canaccord Genuity placed a buy note at 415p. I found this strange as the sp has now exceeded the 415p and currently 421p. IMO the price could well reach 475p before the end of 2017. Excellent company, this is supported by significant growth in the past few years. All the best DAR
Hi Ship, In March I said £4 before then end of year, presently surprised, as sp 397p in mid august. as this rate the sp could well reach £4.00 by end of August, ever hopeful. DAR
That was a bit of a naughty sweep then I quite agree with you Dar And the months ahead look very promising
Hi Shipmate, I said in December that 400p a distinct possibly this year, after today's finals. I see no reason to change my view. DAR
Up again today Everything is going to plan might buy afew more soon Ship
Good morning chequemate, Hope you are well, I not you sold Marshall on the 19th Jan 2016 at 307.9. Is it still on your watchlist? following the company update on the 9th December 2016, the share price fell sharply and today it is 271p. I still hold and IMO 2017 will be a return to nearer 400p. Have you a view on marshall. Regards Dar-
well done