Michelmersh Brick Holdings (MBH)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

 98.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 104.00
  • 52 Week Low: 75.00
  • Currency: UK Pounds
  • Shares Issued: 93.68m
  • Volume: 106,372
  • Market Cap: £92.27m

Michelmersh Brick expects significant revenue boost after Carlton acquisition

By Iain Gilbert

Date: Monday 22 Jan 2018

LONDON (ShareCast) - (ShareCast News) - AIM-listed brick maker Michelmersh (MBH) expects revenue and profit to meet market expectations for the 2017 trading year after finalising the integration of recently acquired Carlton Brickworks.
Michelmersh picked up Carlton in June for £31.2m, increasing its capacity to more than 100m bricks as a result, noting the business was "bedding in as expected", with operational synergies beginning to come through.

"Demand from the house building and RMI markets continues to be robust and group's well-balanced forward order book for 2018 reflects this trend," said the group.

Michelmersh said it expected to see a significant boost to second half earnings as a result of the Carlton acquisition when it releases its full-year trading update for the year ended 31 December on 19 March.

As of 1000 GMT, shares had gained 2.82% to 91.00p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MBH Market Data

Currency UK Pounds
Share Price 98.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 104.00
52 Week Low 75.00
Volume 106,372
Shares Issued 93.68m
Market Cap £92.27m

MBH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
44.96% above the market average44.96% above the market average44.96% above the market average44.96% above the market average44.96% above the market average
51.22% above the sector average51.22% above the sector average51.22% above the sector average51.22% above the sector average51.22% above the sector average
Price Trend
43.78% above the market average43.78% above the market average43.78% above the market average43.78% above the market average43.78% above the market average
12.2% below the sector average12.2% below the sector average12.2% below the sector average12.2% below the sector average12.2% below the sector average
Income
75.38% above the market average75.38% above the market average75.38% above the market average75.38% above the market average75.38% above the market average
69.70% above the sector average69.70% above the sector average69.70% above the sector average69.70% above the sector average69.70% above the sector average
Growth
16.70% above the market average16.70% above the market average16.70% above the market average16.70% above the market average16.70% above the market average
12.20% above the sector average12.20% above the sector average12.20% above the sector average12.20% above the sector average12.20% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MBH Dividends

  Latest Previous
  Final Interim
Ex-Div 06-Jun-24 30-Nov-23
Paid 10-Jul-24 11-Jan-24
Amount 3.00p 1.50p

Trades for 07-May-2024

Time Volume / Share Price
16:17 20,000 @ 98.50p
15:45 4,045 @ 98.50p
13:40 3,549 @ 98.50p
13:12 4,893 @ 98.50p
12:58 2 @ 98.80p

MBH Key Personnel

CFO Ryan Mahoney

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