Why has nobody spotted belter!!
Moving nicley up and up fantastic results last time round - bid poss too.
Any takers?

Trading Update

Trading Performance

Marshalls' revenue from continuing operations for the year ended 31 December 2014 was up 17 per cent at £359 million (2013: £307 million). Revenue for the six months to 31 December 2014 was up 19 per cent compared with the second half of 2013. The Group continues to experience strong order intake and sales growth in all its end markets.

Sales to the Public Sector and Commercial end market, which now represent approximately 64 per cent of Marshalls' sales, were up 20 per cent for the full year, on a continuing basis, compared with 2013. The Group continues to target those parts of the market where higher levels of growth are expected, such as Rail, Newbuild Housing, Water Management and Street Furniture.

Sales to the Domestic end market, which represent approximately 30 per cent of Group sales, were up 9 per cent for the full year, compared with the prior year period. The survey of Marshalls' c. 1,000 domestic installer teams at the end of October 2014 revealed order books of 11.9 weeks (October 2013: 11.0 weeks).

International revenue has grown by 28 per cent in the year ended 31 December 2014 and is now 6 per cent of expanded Group sales. Focus has been directed to ensure that International operations are better aligned with market opportunities. This resulted in a charge of £2 million in the second half of 2014 in relation to the restructuring of Marshalls NV. Notwithstanding this charge the expectations for 2014 full year results remain unchanged.

Outlook

The Construction Products Association's Autumn Forecast predicts growth in UK market volumes of 4.8 per cent in 2014 and 5.3 per cent in 2015. The Group continues to increase output to meet growing demand and to deliver benefits from its operational gearing.

The Group remains focused on product innovation and service delivery initiatives to deliver continued sales growth and improve trading margins. Continued emphasis is being placed on the further development of the Marshalls' brand across all of the Group's businesses.

Final Results

Highlights:
· Good revenue growth of 17% to £358.5 million (2013: £307.4 million) driven by volume growth of 13%
· Improvement in operating margins to 7.1% (2013: 5.2%)
· Strong profit before tax growth of 72% to £22.4 million (2013: £13.0 million) with benefits being delivered from operational gearing
· Return on capital employed improved 54% (440 basis points) to 12.5% (2013: 8.1%) due to operational flexibility, manufacturing efficiency and effective management of working capital
· EPS from continuing operations up 46% to 10.13p (2013: 6.94p)
· Final dividend increased by 14% to 4.00p (2013: 3.50p) per share

Current priorities:
· To increase output to meet growing demand and to deliver benefits from operational gearing
· To further strengthen the Marshalls brand by focusing on innovation, service and new product development
· To grow our business both organically and selectively through acquisitions
· To continue to develop and invest in our strategic growth initiatives, particularly in Rail, Newbuild Housing, Water Management and Street Furniture
· To develop and grow the International business profitably

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

.proactiveinvestors.breedon-aggregates-michelmersh-and-marshalls-pave-the-way-to-growth

Half Yearly Report

Highlights:
· Revenue up 11% to £199.1 million (2014: £180.0 million)
· Improvement in operating margins to 11.1% (2014: 8.7%)
· Profit before tax up 48% to £20.8 million (2014: £14.0 million)
· Return on capital employed for the year ended 30 June 2015 up 50% to 15.2% (2014: 10.1%)
· EPS up 39% to 8.50 pence (2014: 6.11 pence)
· Interim dividend increased by 13% to 2.25 pence (2014: 2.00 pence) per share

Current priorities:
· To increase output to meet growing demand and to deliver benefits from operational gearing
· To further strengthen the Marshalls brand by developing systems based solutions, service excellence and new product development
· To grow our business organically and selectively through acquisitions
· To continue to develop and invest in our strategic growth initiatives, particularly in Water Management, Street Furniture, Rail and Newbuild Housing

Completely missed this DOH!!!!

In 2007 all time high hit 390p (ish). Tanked to 60p by 2009, recovery play started 2012.

Last 12 months interesting pattern on the chart gives me a clue when to press buy and join the party.

Chances are on Monday due to latest buy recommendation from Midas (the herd) will buy, possibly fear of missing the boat whatever.

A line chart as opposed to a candle chart illustrates this indicator best, bit clearer.
As an indicator Bollinger Bands are very reliable. When share price reaches top or goes outside it, at some point it will retrace and dip back inside.

On the occasions as illustrated above when SP dips and reaches bottom of BB has rallied the hardest.

So far despite Greece/Syria/Threat of interest rises etc remains on a mission to reach initial target 10 year high 390p, end of year maybe sooner who knows.

Bear with me skinny :0) Haven't technical nouse to include everything into one post yet, same with Elliott and Fibs to learn. (on my to do list)




Throw in moving averages 25,50 and 200DMA which can be clearly seen are going the right way. Another observation the 50DMA (green line) when SP dips and hits it has rallied the strongest.

Again MACD has been consistant, apart from June well overbought, which coincided with SP being at top of BB, dipped bounced off 25DMA and on to another higher high.

Slow Stoch, again consistant. Getting close to a top again.

RSI - Ditto, close to overbought.

Cracking chart, buy Tuesday on a dip?

Or sell on a rise today!

Well it did retrace back inside and back up again :O)

Problem at the moment is volume. Both ways. Watching.

Consolidated nicely back inside upper bollinger band as expected. Watching to see if it bounces off 25DMA or 50DMA to resume north/trend.

Well there is the bounce. Question is how solid.

Ideally, I would like to go long bang on 50DMA to make it worth while, way to go yet. May not happen of course. Still watching.

Bought a few @ 343p to tuck away. Ex Divi 22nd, final end of Dec.

Nice bounce off 50DMA with above average volume. So far so good, encouraging.