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Long term downtrend line from February 2023, requires the close to be above the price pivot of 253.2,in order for their to be a confirmed bullish break above the dtline. Otherwise, the current rally would just qualify as a bear rally. Price action today, will provide the answer as to whether the close will confirm that break of the dtline.
Yes, it broke 2.03 but bounced back, maybe a slow recovery has started, ie inflation dropping. A long rd yet of course, but I’m positive that Marshalls will end up in a strong position
I also mentioned a multi year low in an earlier post.
I personally don't use TA, as another poster asked a question I
did some searches and came up with those 2 price levels -
£2.03 obviously went today.
Neither do I hold MSLH as posted, it's on a recovery watch list
for me.
Also, it goes ex divi on Thursday.
I think Travis Perkins update last week had a negative im[pact on the whole sector
The RMI (domestic) market has taken a battering this year, coupled now with the stalling housing market. So they are in a perfect storm. Recent trading statements from Forterra is probably whats prompted this drop in SP. No confidence in the construction products industry at the moment. Builders merchants, DIY stores and garden centres all reporting poor trading conditions.
Interested to see the numbers for the Marley and Edenhall (Masonry) business. Marshalls have been ruthless with headcount reduction but there is only so many people you can make redundant before it compromises the every day running of the operation.
Carluke plant now closed, new block plant at St Ives behind schedule. Think there will be another plant closure - probably one of the former Edenhall plants. Going to get worse before it gets betters i'm afraid.
N/m
How about a 9-year low? I think someone from the company has to come out and reassure that everything's in order with their finances. You can't tie this downfall to a technical analysis, searching for some levels where any large volume was last traded a decade ago. I hope we can pull through this crisis and I'm starting to get worried for Marshalls.
It's a question not an answer..
Any views...
Sliced right through it.
We any chartists on here that know the next support level.
N/m.
In terms of share prices, a cycle low is usually made
while fundamentals continue to worsen, so understand your view.
What I'm just unsure on is how much weaker trading for MSLH may get..
it may not get any worse and current financial estimates will be borne out,
but personally I would like to see one more update before buying -
yes I may miss the low in the meantime.
Are we at the cycle low yet... unlikely in my view.
That's probably the best time to buy - you can't know/time exactly when the cyclical low is. If you could, the shares would have already re-rated in anticipation of a recovery. I'm very happy to put money into Marshalls now on a five-year view.
MSLH made a very ill timed large acquisition and geared up the
balance sheet just as the cycle rolled over, now tbf this acquisition
may pay off longer term. A key to the valuation is whether Marshalls
will require an equity raise to navigate the next 12-18 months?.
Just to be clear I am not suggesting that will be the case.
This may be a cracking recovery play for the next cycle,
are we at the cycle low yet... unlikely in my view.
Royal Asset Management have increased and now hold over 5%.
Stanley, is Construction booming ?
Construction materials are required no matter what state the world is in. £600m mcap is a joke, all imo. If I had the money, I would've bought the whole group now.
Look at the state of things around the World, cost of imports, rising prices for concrete etc. inflation, mortgage rates unaffordable for many, food prices, utility prices, Petrol prices and to top it all off, uncertainty. One more thing, buying Marley for a inflated price and where is the government investment for Schools, Hospitals and housing and the go ahead with the HS2.
At rock bottom. Marshalls has been the worst performer in construction sector over the past week. What's going on?
I’m also positive in a increased share price back up to £6.00 when the recovery gets going.
Not a bad set of figures, but looking to the next 12 months, the SP is looking frothy. Definitely on the watch list, a well managed company and when we come out the other side will be punching 600p.
Results not too bad. Price now indreasing. hope dividend cut will be the only casualty this year and will resume in2024
@carter19 you may press the reply button to stay on the same thread. :)
Marley group asset won't be included in the mcap at face value because other factors have more weight. To put it simply, at the moment borrowed money could only be repaid from profits because re-financing options are extremely limited. If divis are slashed, we'll end up below a quid. Not really looking forward seeing the results later this week because I'm stuck with a high average here.
Before all the collapse of the markets the so sat at £940 million, then the share price started drifting down bit by bit and then the Marley buy out, I’ve never noticed this go on to Marshalls value or maybe I missed it, I think Marshalls value reached a low of £430 million