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Last post: samson123, 6 Jun 2024 18:16
Ex divi today explains the lack of forward momentum today.
Last post: carter19, 10 May 2024 15:51
I’m exactly the same, Blackrock, Vanguard, two cheeks of the same buttock. What’s their end game though.
I would much prefer anyone else, e.g. PIs holding those 5%
Let's hope the upcoming trading update is a good one
Also, it doesn’t make sense to buy over 5% of a Company just to lend the money to someone to short
I see, don’t you think they are going to Puchase more and gain a higher % of ownership.
Probably lending to shorters
Started: StanleyPro, 18 Mar 2024 10:36
Last post: carter19, 2 May 2024 20:42
Are you saying the new ceo buying.
The CEO was happy to buy at 262 and we see signs of a strong buyer in the 250s
I would imagine this is the domestic market, paving etc.
Marshalls are aware of this, they will have to do something about it.
Nobody is mentioning Marshalls is losing market share hand over fist to Irish Manufacturers. Tobermore, for example have got Scotland and the North of England pretty much sown up.
Started: carter19, 18 Mar 2024 20:40
Last post: carter19, 18 Mar 2024 20:40
Viridian Solar is the name, for anyone that didn’t know.
Started: StanleyPro, 29 Jan 2024 19:31
Last post: carter19, 5 Feb 2024 16:57
They are stronger than before in, they bought CPM the drainage company, they bought Eden Hall the bricks company and then Marley Roof tiles, that install Solar paneling.
Last week Berenberg upgraded Marshalls to "buy" with the target of 420, which I think is realistic. However, I don't agree with them calling it a cyclic stock, quite far from it. Marshalls has had over a decade of consistent SP increase and before covid related problems was trading at an all time high... an extremely bullish stock, at least by the LSX standards. My point is that Marshalls has potential even beyond 420. If the interest rates had stayed low, the 2021 "fire sale" would have never happened.
As you said Stanley, we needed to break out of the 280,s and the share price is slowly increasing and your Cup and handle prediction could well be another catalyst 👌
You pick one, 4h - 1d - 1w are all large in my book
I’ve heard of the cup and handle Stanley, what do you mean by, a Large time frame. Cheers
Started: carter19, 22 Dec 2023 14:03
Last post: carter19, 23 Dec 2023 13:47
Cheers Stanley, I have heard of the Elliot Waves and Fibonacci. I will watch some videos to get some basic understanding and then try and look at patterns and charts etc.
Hello Andy. If you press reply under any post you'll stay on the same thread. Regarding you question, usually there's a combination of methods / techniques / indicators that seem to work better for some stocks. Start researching different methods used in TA online and maybe you'll find similarities with MSLH chart, and then you'd know what books to read. e.g. maybe you'll find the Elliot waves to work well and then you may realise that those should be viewed together with chart patterns. Also, try to see what indicators other traders use on youtube regardless of the instrument (even forex!) and try to apply the same to MSLH historic charts on different time frames, 1h, 4h, 1d. There is no simple answer to your question as there's a lot of rubbish around and you need to develop your own filter and rely on something you can trust. TA is not a crystal ball, it helps in understanding the market behaviour and what levels are likely to be defended or tested by big players, IIs etc, so that you can stay ahead of the curve. Hope this helps.
Stanley Pro, I’m sure pretty sure the turn around can not be to far away. Are there any basic T.A books on the basic level that you could recommend, thanks. Andy
Started: carter19, 19 Dec 2023 15:27
Last post: StanleyPro, 19 Dec 2023 20:28
Yes, and I'm invested here also. My 2024 price target is 400.
Ok StanleyPro, do you participate in technical Analysis. Cheers
Started: carter19, 14 Dec 2023 10:09
Last post: StanleyPro, 19 Dec 2023 13:42
We need to break out of 280 to bury that bear trend.
Morning stargate, are you implying that we need to stay between 257 - 275 in order to push through the resistance of 275p.
Started: stargate, 14 Dec 2023 08:29
Last post: stargate, 14 Dec 2023 08:38
Overhead supply between 257-275, which relates to previous trading. The os, may provide resistance to upward equity progress, if that supply brings out sellers.
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.
Started: carter19, 18 Nov 2023 14:01
Last post: carter19, 18 Nov 2023 14:01
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
Started: fatprofits, 17 Oct 2023 23:30
Last post: fatprofits, 17 Oct 2023 23:30
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.
Started: fatprofits, 11 Oct 2023 17:33
Last post: StanleyPro, 17 Oct 2023 18:01
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.
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.
N/m.
Started: fatprofits, 17 Oct 2023 15:44
Last post: fatprofits, 17 Oct 2023 15:44
N/m
Started: fatprofits, 16 Oct 2023 21:03
Last post: fatprofits, 16 Oct 2023 21:03
It's a question not an answer..
Any views...
Started: carter19, 13 Oct 2023 12:24
Last post: fatprofits, 16 Oct 2023 17:51
Sliced right through it.
We any chartists on here that know the next support level.
Started: fatprofits, 2 Oct 2023 22:52
Last post: fatprofits, 3 Oct 2023 14:59
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.
Started: StanleyPro, 2 Oct 2023 16:03
Last post: StanleyPro, 2 Oct 2023 16:03
Royal Asset Management have increased and now hold over 5%.
Started: carter19, 28 Sep 2023 17:01
Last post: carter19, 28 Sep 2023 17:01
Stanley, is Construction booming ?
Started: carter19, 27 Sep 2023 22:07
Last post: StanleyPro, 28 Sep 2023 12:24
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.
Started: carter19, 9 Aug 2023 09:08
Last post: StanleyPro, 27 Sep 2023 12:42
At rock bottom. Marshalls has been the worst performer in construction sector over the past week. What's going on?
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.
It has been included, the valuation is for the group! It's difficult to say what exactly has caused such a collapse in the SP but we're still in a downtrend. Marshalls raised some funds at 650 just over a year ago and now 650 seems further than the moon. Possibly some big players didn't like the debt situation and simply exited when profits began to shrink. One long term solution would be reducing debt to manageable levels in a high interest rate environment.
Started: carter19, 19 Aug 2023 14:48
Last post: carter19, 19 Aug 2023 14:48
I’m also positive in a increased share price back up to £6.00 when the recovery gets going.
Started: carter19, 14 Aug 2023 12:41
Last post: carter19, 14 Aug 2023 12:41
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
Started: carter19, 31 Jul 2023 15:11
Last post: carter19, 31 Jul 2023 15:11
Your right, Marley was bad timing, but the last piece of the Jigsaw for Marshalls
Last post: riverbliss, 31 Jul 2023 15:05
I'll keep acquiring more shares whilst people are willing to sell into poor sentiment. Despite short-term rises in inflation and interest rates, we've still got a massive undersupply of housing and there is broad political support to increase this (especially within the likely Labour government). Marshalls has come out of these down cycles before and is a well-managed company. In hindsight, their timing of the Marley acquisition was unfortunate and perhaps they overpaid, but it's a good strategic move.
Management took on too much debt at the wrong moment, same as builders did in the run up to 2008 housing crash. Anything property related is a screaming short, builders, materials, agents, they’re toast, housing downturns are long cycles and this one only just getting going, brexit basket case U.K. sucking in inflation with a weak currency, terrible politics and parabolic interest rates, it writes itself. U.K. will be in hardcore recession 4th quarter so I’d be buying in the money puts on all this with expiry next summer.
I took a loss on these at £3. Id suggest forterra than marshalls. Less exposure to RMI or general “fixing up”
I see forterra as more likely for a bid as completed it capex and there is a natural defence from euro bricks been priced out of market
Still paying dividends .A good time to buy maybe? Think I'll dip a toe in here and see how it goes.
Tough times in the economy at present and paid over the odds for Marley in reflection, bad timing and hindsight. Marley been the last part of the Jigsaw to enable Marshalls to have the complete package now. Kirbs, paving, drainage, bricks & Masonry division and lastly Marley roof tiles.
Started: samson123, 10 May 2023 13:10
Last post: StanleyPro, 10 May 2023 15:53
Not surprising given the stock performance. Lost 50% since last AGM.
WOW nearly 25% against remuneration report!!!!!!!