Morgan Sindall Group (MGNS)

Sector:

Construction and Building Materials

Index:

FTSE 250

2,320.00p
   
  • Change Today:
    -15.00p
  • 52 Week High: 2,345.00
  • 52 Week Low: 1,650.00
  • Currency: UK Pounds
  • Shares Issued: 47.36m
  • Volume: 46,311
  • Market Cap: £1,098.75m
  • RiskGrade: 151

Morgan Sindall on track to meet its FY expectations

By Michele Maatouk

Date: Wednesday 02 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Morgan Sindall said on Wednesday that it was set to deliver a full-year performance in line with its expectations despite a more difficult backdrop.
The construction company said that since its half-year results on 4 August, increased general market uncertainty and rising inflation have made the economic backdrop more challenging. Nevertheless, trading across the group has been "robust", it said.

Trading in the construction and infrastructure segment has been as expected. Construction activities are expected to deliver an operating margin for the full year within the target range of 2.5%-3% and the operating margin in the infrastructure activities is also expected to be within the range, of 3.5% to 4%.

As far Fit Out is concerned, the company said a continued focus on operational delivery and customer experience, together with its order book for the rest of the year, means it is well-placed to deliver a "very strong" full-year performance.

In property services, contract phasing and mobilisations is, as anticipated, driving slightly higher second half activity, although the operating margin continues to be hit by general cost and labour inflation.

Partnership Housing has seen a recent reduction in sales activity in line with the rest of the UK housing industry, "however its focus on long-term partnerships with the public sector provides forward visibility and resilience".

Morgan Sindall hailed a "sizeable and high-quality" workload. As at 30 September, the total secured workload was £8.8bn, up 2% from the year end position. Within this, the construction secured order book of £4.6bn was up 2% from the year end, while the regeneration book of £4.2bn was ahead 3%.

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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 2,320.00p
Change Today -15.00p
% Change -0.64 %
52 Week High 2,345.00
52 Week Low 1,650.00
Volume 46,311
Shares Issued 47.36m
Market Cap £1,098.75m
RiskGrade 151

MGNS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
8.89% below the market average8.89% below the market average8.89% below the market average8.89% below the market average8.89% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average
Price Trend
65.03% above the market average65.03% above the market average65.03% above the market average65.03% above the market average65.03% above the market average
65.85% above the sector average65.85% above the sector average65.85% above the sector average65.85% above the sector average65.85% above the sector average
Income
75.25% above the market average75.25% above the market average75.25% above the market average75.25% above the market average75.25% above the market average
64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average
Growth
22.13% above the market average22.13% above the market average22.13% above the market average22.13% above the market average22.13% above the market average
31.71% above the sector average31.71% above the sector average31.71% above the sector average31.71% above the sector average31.71% above the sector average

What The Brokers Say

Strong Buy 4
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 6
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
  Final Interim
Ex-Div 25-Apr-24 05-Oct-23
Paid 16-May-24 26-Oct-23
Amount 78.00p 36.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 26,748 @ 2,320.00p
16:35 105 @ 2,320.00p
16:35 12 @ 2,320.00p
16:35 203 @ 2,320.00p
16:35 743 @ 2,320.00p

MGNS Key Personnel

CEO John Christopher Morgan
Finance Director Steve Crummett

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