Michelmersh Brick Holdings (MBH)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

112.00p
   
  • Change Today:
    -1.50p
  • 52 Week High: 114.00p
  • 52 Week Low: 92.00p
  • Currency: UK Pounds
  • Shares Issued: 93.34m
  • Volume: 149,525
  • Market Cap: £104.54m
  • Beta: 0.01

Demand stable amid ongoing inflation for Michelmersh Brick

By Josh White

Date: Thursday 12 May 2022

LONDON (ShareCast) - (Sharecast News) - Specialist brick maker Michelmersh said in an update on Thursday that the "strong and well-balanced" order book and positive momentum it reported in 2021 had continued into the new financial year.
The AIM-traded firm, which was holding its annual general meeting, said demand from customers and distribution partners had been "stable", while production volumes were in line with expectations.

Chairman Martin Warner said the company was operating in a "more challenging environment", pointing to the ongoing elevated rate of inflation.

"To protect our margins, we remain focussed on mitigating risks to our input costs as well as maintaining appropriate portfolio pricing," he told shareholders.

"As such, as announced in our full-year results in March, in collaboration with our customers we will introduce our standard timetabled price increase in July."

At the same time, to mitigate the ongoing energy price risk, Warner said Michelmersh had secured more than 90% of its energy requirement for 2022, with further contracts into both 2023 and 2024.

"Despite the current macroeconomic uncertainty, the board is confident that the ongoing quality fundamentals in our business and the wider sector provide resilience to our outlook.

"The group has made an encouraging start to 2022, and combined with our strong forward order book, we remain on track to meet full year expectations."

Pending approval by shareholders at the meeting on Thursday, Michelmersh said its 2021 dividend of 2.5p per share would be paid on 13 July to members on the register on 6 June.

At 1147 BST, shares in Michelmersh Brick Holdings were up 0.01% at 116.51p.

Reporting by Josh White at Sharecast.com.

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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 112.00p
Change Today -1.50p
% Change -1.32 %
52 Week High 114.00p
52 Week Low 92.00p
Volume 149,525
Shares Issued 93.34m
Market Cap £104.54m
Beta 0.01

MBH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.66% above the market average84.66% above the market average84.66% above the market average84.66% above the market average84.66% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
61.53% above the market average61.53% above the market average61.53% above the market average61.53% above the market average61.53% above the market average
2.56% below the sector average2.56% below the sector average2.56% below the sector average2.56% below the sector average2.56% below the sector average
Income
52.05% above the market average52.05% above the market average52.05% above the market average52.05% above the market average52.05% above the market average
46.15% above the sector average46.15% above the sector average46.15% above the sector average46.15% above the sector average46.15% above the sector average
Growth
86.2% below the market average86.2% below the market average86.2% below the market average86.2% below the market average86.2% below the market average
62.16% below the sector average62.16% below the sector average62.16% below the sector average62.16% below the sector average62.16% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 4
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 05-Jun-25 28-Nov-24
Paid 09-Jul-25 09-Jan-25
Amount 3.00p 1.60p

Trades for 30-May-2025

Time Volume / Share Price
16:37 5,000 @ 112.00p
16:35 8,288 @ 112.00p
16:35 6,802 @ 112.00p
16:35 1,486 @ 112.00p
16:27 4,286 @ 111.25p

MBH Key Personnel

CEO Peter Sharp
CFO Ryan Mahoney

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