Michelmersh Brick Holdings was established in November 1997 to enable the acquisition of Michelmersh Brick & Tile and Dunton Brothers.

Dunton makes traditional bricks at Ley Hill, Buckinghamshire and Michelmersh Brick & Tile is a long established business manufacturing premium quality bricks and tiles operating from a site near Romsey, Hampshire.

In February 1999, the business of Charnwood was acquired in Leicestershire. Charnwood has an excellent reputation for high quality handmade bricks for building and restoration projects. Charnwood Bricks were recently used in the restoration of St Pancras Station.

In February 2000, the Company acquired Blockleys in Telford, the leading producer of specification wire cut bricks and clay pavers. The 100 acre site also includes a quarry and landfill operation and some 80 acres of land on which a phased residential redevelopment scheme has been approved in outline by the local planning authority.

The Group has consistently invested in its plant to maximise the efficiency and quality of its product.

In 2004 shares were offered to the public as the business was successfully floated on the AIM Market.

In 2009 Hathern Terra cotta was established at our Charnwood plant continuing over 100 years of tradition in the manufacture of faience. Already work has been won at the Savoy Hotel and Victoria and Albert Museum.

Our most recent acquisition is Freshfield Lane Brickworks, the leading manufacturer of clamp-fired stock bricks based near Haywards Heath. The business has built a strong reputation for excellence in the production of distinctive, clamp fired, multi-coloured stock facing bricks and pavers targeted at the niche premium segment of the market.

The Group now employs over 300 people at its five plants and has an annual capacity of some 70 million pieces.

The latest acquisition has reinforced our position as Britain's Brick Specialists. Our skills, service, range of products and well invested plant combine to provide distinctive products not only that we can be proud of, but that also give value and pleasure to our customers, those involved in design and construction and to generations to come.


http://www.mbhplc.co.uk/about-us

We forgive. lol

cynic - BRICK MANUFACTURERS

see - told you there weren't any others!

Only 17 what's all the fuss about ? :-))

Take the shame :)

it's still a jolly good long-term hold ..... sulk, sulk! :-(

Michelmersh Brick Holdings Plc (AIM: MBH), the specialist brick manufacturer
and landfill company, today announces a trading update ahead of its final
results for the year ended 31 December 2015, scheduled for release on Monday
21 March 2016.

The Board is pleased to announce that Michelmersh is expecting to report a
profit for the year ended 31 December 2015 that is slightly ahead of market
expectations. The positive financial performance of the Group reflects
stronger selling prices than expected towards the end of the year and
consequent improvements in margin. The Group also benefitted from a strong
production performance placing Michelmersh in a position from which it can
quickly satisfy market demand.

Improvement in profits and strong working capital management has also resulted
in a significant improvement in the net cash position over that which was
previously expected. Net cash at year end was approximately £2.9million.

The Group's forward order book continues to be robust and well balanced at
this point.

Final results

Financial Highlights



· Operating profit of £4.7 million (2014: 2.8 million), an improvement of 68%;

· EPS 4.44 pence (2014: 2.72 pence);

· Turnover up 2% to £29.1 million (2014: £28.5 million);

· Cash generated by operations of £6.6 million (2014: £2.6 million);

· Net debt eradicated with a year-end cash balance of £2.9 million against a net debt of £2.1 million at the start of the year; and

· Dividend doubled to 1.0 pence per share payable for the period.

Operational Highlights



· Completion of the expansion project at Freshfield Lane and implementation of packaging robots at Telford;

· Brick production up 3% to 69.5 million (2014: 67.5 million) helping to rebuild stocks to workable levels;

· Average selling prices increased 9% on prior year prices; and

· Strong showing at the BDA awards including the prestigious Chairman's award;

michelmersh-brick-holdings-plc-doubles-divi-as-it-wipes-out-its-debts-

so why drop 5%? ...... almost certainly just a bit of selling on the news and eoy profit taking ....... may well be worth topping up

A fair way down on its high now. A broker forecast may help. Not performed well over the last few months. A bounce is long over due.

thoroughly agree
it never has great volume, so perhaps it's just fallen off people's radar

A good little company.

Thieves are stealing antique bricks from walls in East London to sell on the black market
Business Insider UK Finance
By Adam Payne | Business Insider UK Finance – 5 hours ago

Police in London are investigating more than 30 cases of bricks being stolen from buildings like churches and cemeteries in eastern boroughs of the capital.

The bricks in question are Georgian-era London stock bricks, which in the 18th century were the cheapest available but today are bought for sizable sums on the black market.

These bricks have substantially increased in value in recent years, as residents in strict conservation areas looking to build extensions are told by councils to do so in keeping with authentic Georgian style.

The Telegraph reports that each brick can be sold for as much as £15 on the black market.

Police have received reports of thefts in Waltham Forest, Newham, and other boroughs in the eastern reaches of London, according to The Evening Standard.

St. Patrick's cemetery in Leytonstone has been targeted on two occasions within the last month, while the caretaker at St. Mary's church in Leyton chased off a group of would-be brick thieves.

The cemetery's superintendant, John Sears, told The Telegraph: "The last thing in the world you think is going to get stolen is your wall."

As well as churches and cemeteries, family homes have been targeted by thieves, with one resident claiming to have had over 100 bricks pinched from their wall in a matter of days.

"It's a strange phenomenon," Clyde Loakes, councillor for Waltham Forest, told The Evening Standard, "but it does not diminish the distress when vans are literally driving into people’s front gardens in broad daylight.

"There are examples of people driving into the garden walls to dislodge as many bricks as possible, scoop them up and then drive off."

The renewed demand for London stock bricks is the result of some London councils insisting residents who plan to perform building work in listed areas must use materials that match the original architecture.

Speaking to The Telegraph, Martin Gaine, chief executive of Just Planning, which defends homeowners who have had planning applications rejected, said:

If you get permission for an extension, you will have to use materials that match the originals. You don't want to fall foul of the rules — there is a risk the council will say they don't match and then they will declare the extension is unlawful. The original stock bricks are rare and expensive and in hot demand and they want something that looks original and old.

The elusive brick comes in different shades of yellow depending on the clay from which they were made, and has a distinctive black patch.

This spate of unusual crimes comes as traders Michelmersh Brick Holdings report the average selling price of their bricks has increased by 9% on last year.

/brick-maker-forterra-eyes-450m-float

michelmersh-brick-to-benefit-from-strength-of-new-build-market

From IC - Interim results Mon 25 July

Half-year Report

RNS


RNS Number : 0460F

Michelmersh Brick Holdings PLC

25 July 2016




25 July 2016



Michelmersh Brick Holdings Plc

("MBH", the "Company", or the "Group")



Half Year Results for the six months ended 30 June 2016



Michelmersh Brick Holdings Plc (AIM:MBH), the specialist brick manufacturer, is pleased to report its half year results for the six months ended 30 June 2016.



HIGHLIGHTS



Financial Highlights:

§ PBT increased to £2.6 million (H1 2015: £2.5 million)

§ Operating profit of £2.6 million (H1 2015: £2.7 million)

§ 4% Increase in EPS 2.57 pence (H1 2015: 2.47 pence)

§ Turnover steady at £15.3 million (H1 2015: £15.3 million)

§ Net cash balance £2.7 million against a net debt of £0.8 million at June 2015



Operational Highlights:

§ Good performance in a flat market

§ Average selling prices increase 2% over H1 2015

§ Landfill License completes consultation period which will lead to economic realisation of Dunton site

§ Commenced kiln replacement project at Michelmersh - expected completion in autumn 2016

§ The Group ended the period well ahead of intake target with a forward order commitment over 47 million bricks

§ Well positioned for a stronger H2 2016 operational and financial performance





Commenting on the results, Eric Gadsden, Chairman of Michelmersh Brick Holdings Plc, said:



"The Company performed well in the first half despite the expected weaker market, and is on track to deliver its targets for the full year. We continue to invest in our plants to increase efficiency, which over the medium term will enable us to outperform the market with on-going creative development of products, investment in process and encouragement of the efforts of its employees. The business is profitable, cash generative and supported by a strong and long-term asset base"



EU Referendum Outcome

Whilst it is too early to know the full long-term impacts of the UK's exit from the EU, the Board feels that the Company is well positioned to manage any effects within the brick manufacturing and housing industry. The Board do not believe the outcome of the referendum in itself results in any material change in the outlook for the Group's near term financial results or future growth prospects.

56.50p

Share price has almost Half in price from the high, late last year and now is more in tone with EPS and on a prospective PE of 10 if it manages to keep going.

As I said before the shares seem far too overvalued at those earlier prices and only supported by a good NAV.

To have a premium rating needs a high growth, than this company is not able to do recently, with hardly any rise in sales and profits, and 5% on EPS is not good enough to be highly rated.

A buy in this weeks IC. They remain confident that they will meet full year expectations. A good healthy rise today.