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

Cynic - it's not as though any new technology has pushed Bricks aside....yet....so it's only Uncertainty in the Market, IMHO . . . . at today's prices...51p has to represent excellent LT value . . . .
If the Market stumbles to Post 2008 levels then this is definite Buy - around 15p - so there is some way to go . . . hopefully it won't get there . . . Good Luck.
EDIT-(3Jan2017)- spoke too soon ! . . . although recent fall may be Issue of Equity for Employee Options ( did we now this was Lurking?)
....Rather the UK-Gov is to build (2017 with Chinese help!) five factories to make "Kit-homes" - I'm guessing the finish won't be real-bricks, rather a sand-plastered, or grit exterior, with weatherboarding to break large swathes of flat areas. sp 46p
EDIT (31Jan2017)- Sp 52p falls despite extra cash - but it was already an asset, probably already in the price. What it says is that this is the only News.... and one that once gone, it's Gone.

Sale of landfill site and pre-close statement
RNS
RNS Number : 1914U
Michelmersh Brick Holdings PLC
16 January 2017
 
16 January 2017
Michelmersh Brick Holdings Plc
("MBH" or the "Group")
SALE OF LANDFILL SITE AND PRECLOSE STATEMENT
Michelmersh Brick Holdings PLC (AIM: MBH), the specialist brick, land development and landfill company, is pleased to announce that it has exchanged contracts for the sale of the 25 acre former Dunton Brothers brickworks at Chesham in Buckinghamshire, for a total consideration of £2.68 million in cash, to London Green Resources Limited. Subject to the procedures of the Environment Agency completion will take place within 10 days of transfer of the Landfill Permit, which given current guidelines, is likely to be towards the end of H1 2017. The consideration is payable in full on completion and the net proceeds will be added to the Group's cash reserves.
The Group's audited accounts for the year ended 31 December 2015 included this plot of land in fixed assets as a landfill asset at a value of £1.25 million and, after costs, the expected surplus on sale will exceed £1 million. The asset will be disclosed in the accounts to 31 December 2016 as a current asset for resale at the expected net realisable value. The uplift in value, from the 2015 value to net realisable value, will be credited to revaluation reserves in the Group's financial statements for the year ended 31 December 2016.
The Board expects to release the preliminary announcement of the results for the year to 31 December 2016 on 20 March 2017. In October 2016, the Group announced that it expected  its financial performance for 2016 to be at or around a similar level to that reported for the full year 2015 and the Board confirms that expectation. Cash generation was particularly pleasing with year-end cash balances exceeding forecast.

sp has picked itself off the floor in recent days ..... annual results just released are ok .....

· Turnover up 3.4% to £30.1 million (2015: £29.1 million);
· Profit before tax stable at £4.5 million (2015: £4.5 million);
· Debt free with a year-end cash balance of £4.7 million (2015: £2.9 million);
· Dividend doubled again to 2.0 pence per share payable for the period; and
· Strong forward order commitments -well positioned for 2017 operational and financial performance.

Operational Highlights
· Kiln replacement project completed at the Michelmersh plant, now yielding 99%;
· Operational issues at the Michelmersh plant have been resolved;
· Average selling prices maintained; and
· Since year end, the Company has signed a conditional contract for the £2.7 million sale of the former Dunton brickworks site at Chesham.

Proactive investor - Michelmersh divi hike signals confidence in cash generative abilities
15:15 20 Mar 2017
The debt-free company doubled the divi and it also has plenty of efficiency-boosting capex projects on the go

Michelmersh operates at the high-quality end of the market
Strong forward order commitments at the specialist brick manufacturer Michelmersh Brick Holdings Plc (LON:MBH) paved the way for a surprise doubling of the dividend.
As it did last year, the company doubled its dividend in its full-year results, hiking it to 2.0p, compared to market expectations of 1.2p.
Cash balances at the end of 2016 stood at £4.7mln, up from £2.9mln the year before, and the board signalled its clear intent to provide shareholders a meaningful return on their investment by announcing its intention to start paying interim dividends.
The dividend for 2016 represents more than 40% of earnings and the plan is to keep up this level of distribution so long as the group is trading favourably.
Speaking to Proactive Investors, joint chief executive Frank Hanna said the company was "very confident of its cash generative abilities" of the business, and that the doubling of the dividend was justifiable reward for Michelmersh's loyal shareholders.
There is a school of thought that says not carrying debt in the current interest rate environement is a failure to 'sweat the balance sheet', as the saying goes, but Hanna opined that "having cash gives the business the ability to breathe".
The group has a number of capital expenditure (capex) programmes on the go, designed to enhance efficiency and improve the product.
Hanna cited the £1mln investment in the kiln at the eponymous Michelmersh plant, which is yielding 99%, as an example of the company using its cash to build a long-term business.
The capex process sounds a bit like a painting the Forth Bridge job, with a succession of plant-by-plant improvements, by which time the first upgrade needs further improvement.
"It's a circular process. We just want to make sure that every pound we are spending enables us to produce more widgets more efficiently," Hanna said.
Investment during 2017 will largely be focused on yield and energy efficiency projects with existing kilns and dryers. The group also plans to undertake an extensive engineering review of its key manufacturing assets to identify further plant maximisation and risk reduction projects.
Revenue in 2016 rose to £30.06mln from £29.07mln the year before, while profit before tax edged up to £4.57mln from £4.56mln.
"The group sits in a well-defined segment of the UK brick sector; our high quality products set technical standards and our service levels are recognised by our customers. We continue to develop the business around our product offering and commitment to our customers," said Eric Gadsen, chairman of Michelmersh, who will be stepping down from the role at this year’s annual general meeting.
“The positive indicators and market fundamentals look set to continue. There is a widely accepted need and publicised government drive for delivering new housing. We believe this backdrop presents significant opportunities for the group in not only new builds, but also in RMI [repair, maintenance and improvements] where we are particularly strong,” said joint chief executives Frank Hanna and Peter Sharp.
“Through the course of the year the market may see brick demand rise to meet current mid-term UK output capacity; however, the significant uncertainties surrounding the impact of Brexit continue to prevail,” Hanna and Sharp said.
Hanna told Proactive Investors that his personal view remains that there is still not enough data, post-Brexit, to accurately assess what the likely medium and long-term effects would be.
"There's lots of uncertainty, but our forward order book is the largest it's been, and we've got good visibility for five or six months, which is important," Hanna told Proactive.
"It's also well balanced across the nation," he added.
The market reacted positively to the update, pushing the shares up 9.8% to 62.85p.

Going against the grain today.

AGM Statement
RNS
RNS Number : 6241E
Michelmersh Brick Holdings PLC
10 May 2017
 
10 May 2017
Michelmersh Brick Holdings PLC
("MBH", or the "Group")
AGM STATEMENT
 
 Michelmersh Brick Holdings PLC (AIM:MBH.L), the specialist brick, land development and landfill company, announces that, at its Annual General Meeting (AGM), which is to be held at 10.30 am today, Eric Gadsden, Chairman, will make the following statement:
 
 "After a very satisfactory trading performance in 2016, I am pleased to report that the Group has performed well for the first four months of 2017. The Board expects the Group's trading performance for the twelve months to 31 December 2017 to be in line with market expectations.
 
"I have announced previously that I would stand down as Chairman at this year's AGM. I would like to record my thanks to all of the staff in the business, shareholders and our team of professional advisers for their help and support over the last twenty years. I leave the Company in a very healthy trading position and have no doubt that it will continue to flourish in the coming years.
 
"The Board confirms that the results for the six months to 30 June 2017 will be released on 4 September 2017."

Very nice recovery, with the sp.

Acquisition of Carlton Main Brickworks Limited

Michelmersh is pleased to announce that it has acquired the entire issued share capital of Carlton Main Brickworks Limited ("Carlton") for a net consideration of £31.2 million. The Acquisition is expected to be significantly earnings enhancing for the Group.

Carlton is a highly respected regional brick manufacturer, operating from a 93-acre site brickwork based in Barnsley, Yorkshire. The factory, first established in the 1880's, currently manufactures up to 37 million wirecut bricks per annum and has a strong product offering that complements the geography and market segment of Michelmersh.

Acquisition Highlights:

· Carlton is being acquired for a gross consideration of up to £38.4 million, which includes the cash balances of Carlton at completion, being £7.2 million. The directors consider the net consideration to the Company of the acquisition to therefore be £31.2 million
· Carlton reported audited turnover of £13.1 million and unaudited adjusted EBITDA of £5.6 million after adding back non-recurring expenses (directors' emoluments) for the 12 months ended 31 March 2016.
· Carlton is expected to increase Michelmersh's output to over 100 million bricks per annum, an expected increase of over 40 per cent. to Michelmersh's current output.
· Michelmersh is funding the acquisition through the issue of ordinary shares in the Company, its own cash resources and new debt facilities provided by HSBC including a £20.0 million term loan, a £6.0 million RCF and a £1.0 million overdraft facility.
· The Acquisition will give Michelmersh access to new regional markets, provide opportunities for cross selling and product synergies and increase output efficiency. Other operational synergies are expected to benefit the enlarged Group over time.
· The Acquisition is expected to be significantly earnings enhancing in the current financial year and increase the overall operational cash flow of the Company going forward, assisting in, post debt servicing and repayment, further investment within the Group and future shareholder distributions.

The Board considers that the acquisition of Carlton is an important strategic step forward in the growth of the Company, adding significant scale, output and earnings to the Group. Michelmersh's turnover and profit before tax will be immediately enhanced by the addition of Carlton.

The acquisition gives the Company the ability to expand its quality product offering in line with our premium-centric core strategy, and consequently will increase the Group's annual output to 100 million bricks. Furthermore, the addition of Carlton will broaden an already very strong and loyal customer base, giving access to new regional markets with cross sales opportunities and product synergies. Carlton also brings with it a popular and highly regarded RMI focused product line. This itself will give the enlarged Group the ability to strengthen its market offering whilst greatly improving efficiency and output per capita.

The Group welcomes the Carlton team to the business and look forward to building on the significant success already achieved by its dedicated team in Barnsley.

more.....

SHARE PUNT OF THE WEEK: Brick maker Michelmersh could reap the rewards of sterling's plunge
By City & Finance Reporter for the Daily Mail
Published: 21:51, 7 July 2017 | Updated: 21:51, 7 July 2017

Who are they? Established in 1997, AIM-listed Michelmersh Brick Holdings makes top-quality bricks used in buildings such as London's St Pancras International station, the Holiday Inn in Manchester, and high-value homes around the country.
What's the latest? The firm has come some way since the financial crisis, when it was forced to lay off staff and close down some operations.
Last month it announced the acquisition of family-owned Carlton Main Brickworks for £38.4million, which sent shares soaring 11 per cent.
The acquisition will increase Michelmersh's output by 40 per cent to more than 100million bricks a year, and will give the company access to new regional markets.

Who backs it? Chairman Eric Gadsden owns a 26.3 per cent share of the firm. 
He founded the company in 1997 with Martin Warner – currently executive deputy chairman with a 6.3 per cent stake – and has spent all his working life in the construction industry. 
Investment house Hosking Partners also has an 18.5 per cent stake, while fund managers Charles Stanley and Hargreaves Lansdown also own chunks.

Why should you invest? The recent decline in sterling has made importing bricks more expensive. Michelmersh has benefited because all of its manufacturing and distribution is in the UK.
With sterling likely to stay weak for some time, and Michelmersh increasing its share of the smaller end of the brick market, shares could go even higher than the 46.6 per cent they have already risen by this year.
...And why you shouldn't Broker Davy points out that while buying Carlton is big news for Michelmersh, it does little to change the fundamental dynamics of the UK brick market, which continues to be dominated by Ibstock, Forterra and Wienerberger.
'Michelmersh will add around 40 per cent to its production capacity but remains a distant number four in the brick sector with a market share of between 5 per cent-6 per cent', said Davy.

Battersea Power Station contract
RNS
RNS Number : 4952K
Michelmersh Brick Holdings PLC
10 July 2017
 
10 July 2017
 
Michelmersh Brick Holdings Plc
(the "Company" or "Michelmersh" or the "Group")
Battersea Power Station contract
 
 
Michelmersh Brick Holdings PLC is delighted to have been chosen to supply the prestigious Battersea Power Station in London with 440,000 purpose made, wire-cut bricks, which are being produced at Michelmersh's Blockleys plant in Telford, Shropshire. The contract is in conjunction with Michelmersh's distribution partner EHSmith.
 
The bespoke Blockleys product was meticulously chosen to complement the existing contextual built environment of Battersea, matching the conservational standards of the original existing facades.
 
Being chosen to deliver this order is testament to Michelmersh's ability to create a product that meets very particular requirements and match the existing, iconic Battersea Power Station brickwork.
 

£1 on the horizon.

Good rise today.

A buy tip in the Telegraph today.

even so .....
big rise (19%) and 10x usual volume
about a month ago there was a similar big day
just an oddity or something more interesting cooking?

Sounds like the market cap did not reflect the value of the land held. Also it mentions that when a quarry comes to exhaustion, a large hole in the ground is valuable . I would guess for a landfill site. Wait and see.

as a holder, i'm very happy :-)

Half year report

Anyone subscribing to the MoneyAM Level 2 platform please take note that most days it is not reporting the correct Trade High nor Trade Low information and "some days" not reporting the correct Opening Price or Closing Price.

The reason is because MoneyAM's Level 2 system is not sensing the Auto Trades or Ordinary Trades correctly so is wrongly reporting them

MoneyAM has been unable to fix the fault for over 8 weeks now but are still charging full price for their Level 2

Reached a £1 :-))

Pre-close Trading Update
RNS
RNS Number : 3885C
Michelmersh Brick Holdings PLC
22 January 2018

22 January 2018

Michelmersh Brick Holdings Plc
("MBH" or the "Group")
Pre-close Trading Update
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 2017, scheduled for release on 19 March 2018.

The Board expects that underlying revenue and profit from the Group, enlarged by the acquisition of Carlton Main Brickworks Limited in June 2017, will be in line with market expectations. The Board is also pleased to report that the Carlton acquisition, which increases the Group's output to over 100 million bricks, is bedding in as expected and operational synergies are being implemented.

Demand from the house building and RMI markets continues to be robust and Group's well-balanced forward order book for 2018 reflects this trend.