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 trades 'substantially ahead' of pre-Covid levels in H1

By Iain Gilbert

Date: Wednesday 04 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Construction and regeneration firm Morgan Sindall said on Wednesday that both interim profits and revenues had grown double-digits in the six months ended 30 June.
Morgan Sindall posted a 14% year-on-year increase in first-half revenues to £1.55bn, while pre-tax profits surged 238% to £53.1m.

Adjusted earnings per share were up 240% at 93.1p and Morgan Sindall's interim dividend was hiked 43% to 30.0p.

When compared to 2019's pre-coronavirus first trading half, revenues were 10% higher and adjusted pre-tax profits were 46% stronger.

Net cash surged to £337.0m from £146.0m a year earlier and £114.0m in 2019, while average daily net cash "increased significantly" to £294.0m, up from £153.0m in 2020.

Chief executive John Morgan said: "We've had a very strong first half in which we've upgraded our profit guidance three times. We continue to make significant operational and strategic progress across the group. With such positive momentum across all our activities, I am excited by the opportunities ahead.

"Today's results, combined with the current visibility for the rest of the year, gives us every confidence of another strong performance by the group in the second half."

As of 0810 BST, Morgan Sindall shares were up 0.51% at 2,452.50p.

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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
7.94% below the market average7.94% below the market average7.94% below the market average7.94% below the market average7.94% below the market average
36.59% below the sector average36.59% below the sector average36.59% below the sector average36.59% below the sector average36.59% below the sector average
Price Trend
64.91% above the market average64.91% above the market average64.91% above the market average64.91% above the market average64.91% 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
75.79% above the market average75.79% above the market average75.79% above the market average75.79% above the market average75.79% 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
22.61% above the market average22.61% above the market average22.61% above the market average22.61% above the market average22.61% above the market average
17.07% above the sector average17.07% above the sector average17.07% above the sector average17.07% above the sector average17.07% 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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