RE: tipster comp 202027 Dec 2019 17:05
Hi Backwoodsman yep MBH it should be one to hold onto for a while.
This bit is taken from the web site………………… Michelmersh Brick Holdings PLC, the UK’s largest specialist brick manufacturer currently owns seven of the UK’s most recognised premium brands: Blockleys, Carlton, Charnwood, Freshfield Lane, Michelmersh, Floren and Hathern Terra Cotta. The company operates a fully integrated business combining the manufacture of clay bricks and pavers.
My thoughts are .......................Reasons for buying mainly the conservative party’s pledge to build 1,000,000 new homes over the next 5 years.
That will require a lot of bricks and pavers
Also After MBH took over Floren the Belgium manufacturer it gave Michelmersh more acreage of brick making capacity a further 120 acres. Net cash has doubled in the last year which is cutting its debt.
The Carlton plant replacement has been completed and now has automated Kiln unloading.
It appears that MBH have an almost monopoly on the brick front
A 3.5% dividend yield (with scrip available ) trades on the AIM so no purchase tax to pay ( tightly held shares ( what is there not to like as they say) ….
Hate prediction on prices but I would be happy if it got to £1.70 by the end of the year