Morgan Sindall Group (MGNS)

Sector:

Construction and Building Materials

Index:

FTSE 250

2,405.00p
   
  • Change Today:
      30.00p
  • 52 Week High: 2,685.00
  • 52 Week Low: 1,380.00
  • Currency: UK Pounds
  • Shares Issued: 46.37m
  • Volume: 12,639
  • Market Cap: £1,115.27m
  • RiskGrade: 151
  • Beta: 1.12

Morgan Sindall expects FY results to be 'significantly ahead' of previous forecasts

By Iain Gilbert

Date: Thursday 22 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Construction and regeneration firm Morgan Sindall said on Thursday that trading had been "strong" since its last update in April, with the company now expecting its full-year results to be significantly better than originally expected thanks to positive momentum experienced across the group continuing to accelerate.
Morgan Sindall stated all of its divisions had "performed well" and that it now expects its interim results to show pre-tax profits of roughly £53.0m, up a whopping 238% when compared against the first half of 2020 and up roughly 46% on 2019's pre-pandemic comparative.

Total secured workloads rose to £8.3bn at the end of the half, level with its year-end position and up 5% from the same time last year.

The FTSE 250-listed firm also said its cash performance had been strong, with average daily net cash for the first half of £294.0m, up from £153.0m at the same time a year earlier, while the company's net cash position as of 30 June was £337.0m, up from £146.0m.

As a result of the solid performance, MS now anticipates that its full-year results for 2021 will be "significantly ahead" of previous expectations.

As of 0855 BST, Morgan Sindall shares had shot up 11.19% to 2,351.72p.

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

MGNS Market Data

Currency UK Pounds
Share Price 2,405.00p
Change Today 30.00p
% Change 1.26 %
52 Week High 2,685.00
52 Week Low 1,380.00
Volume 12,639
Shares Issued 46.37m
Market Cap £1,115.27m
Beta 1.12
RiskGrade 151

MGNS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.78% above the market average84.78% above the market average84.78% above the market average84.78% above the market average84.78% above the market average
78.38% above the sector average78.38% above the sector average78.38% above the sector average78.38% above the sector average78.38% above the sector average
Price Trend
78.94% above the market average78.94% above the market average78.94% above the market average78.94% above the market average78.94% above the market average
76.19% above the sector average76.19% above the sector average76.19% above the sector average76.19% above the sector average76.19% above the sector average
Income
56.48% above the market average56.48% above the market average56.48% above the market average56.48% above the market average56.48% above the market average
44.83% above the sector average44.83% above the sector average44.83% above the sector average44.83% above the sector average44.83% above the sector average
Growth
34.42% below the market average34.42% below the market average34.42% below the market average34.42% below the market average34.42% below the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MGNS Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Oct-21 29-Apr-21
Paid 26-Oct-21 19-May-21
Amount 30.00p 40.00p

Trades for 01-Dec-2021

Time Volume / Share Price
11:13 45 @ 2,405.00p
11:13 37 @ 2,405.00p
11:13 25 @ 2,405.00p
11:03 209 @ 2,406.31p
11:02 14 @ 2,405.00p

MGNS Key Personnel

CEO John Christopher Morgan
Finance Director Steve Crummett

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