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

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.

Sector not looking to bright at mo. Ex Divi today, added a few more. Looking oversold.

Back above 25 and 50DMA nice bounce after going Ex Divi yesterday. If it can close the same back on track to test highs.

RNS Number : 1895D
Marshalls PLC
23 October 2015



23 October 2015

Analyst and Investor Day and
Notice of Trading Update



Today, Marshalls plc is hosting an analyst and investor day at its Leamington Spa Street Furniture operation. No new material trading information will be disclosed.

The Board confirms that there has been no change to its expectations since the publication of its half year results on 28 August 2015. It intends to issue a Trading Update on 10 December 2015.

A copy of the presentation to be given at the visit to Leamington Spa will be accessible via the Investor Relations section of the Marshalls plc website www.marshalls.co.uk from 9.00am today.

Waiting for MACD and Slow Stoch to get a wriggle on before adding with SB.

Trading Update: 10 December 2015

Improved full year outlook driven by ongoing performance gains

Trading Performance

Marshalls' revenue for the eleven months ended 30 November 2015 was up 8 per cent at £365 million (2014: £338 million) despite strong comparatives versus the second half of 2014. The Group continues to experience robust order intake alongside encouraging sales growth in its main end markets and overall trading momentum continues to be positive.

Sales to the Public Sector and Commercial end markets, which now represent approximately 66 per cent of Group sales, were up 11 per cent compared with the prior year period. Commercial work from Water Management, Street Furniture, Rail and Newbuild Housing continues to increase and the Group continues to outperform the market in these areas.

Sales to the Domestic end market, which represent approximately 29 per cent of Group sales, were up 3 per cent compared with the prior year period. The survey of domestic installers at the end of October 2015 revealed order books of 11.2 weeks (October 2014: 11.9 weeks) and compares with 12.0 weeks at the end of June 2015.

Adjusting for currency movements, revenues from the International business, representing approximately 5 per cent of Group sales, increased by 2 per cent in the eleven months ended 30 November 2015. Due to the adverse movement in exchange rates, however, this translated to a fall of 5 per cent once converted into sterling. The Group has made continued progress in developing the International business, and the opening of a sales office in Dubai, which will facilitate further sales growth in the Middle East, is now well advanced.

Continued performance improvement has been delivered in the smaller UK businesses and revenue for the eleven months ended 30 November 2015 was up 14 per cent. The smaller UK businesses include Street Furniture, Mineral Products and Stone Cladding. The turnaround in these smaller UK businesses in the year to date is ahead of our previous expectations with a consequent improvement in profitability of approximately £1m now expected for the current financial year.

There has been continued focus and consequent improvement in working capital management.

Dividend

The 2015 interim dividend of 2.25 pence per share, announced on 28 August 2015, was paid on 4 December 2015 to shareholders registered at the close of business on 23 October 2015.

Outlook

The strength of trading in the last quarter of the year has resulted in the Board revising its expectations for the current year to be ahead of its previous view.

The Construction Products Association's Autumn Forecast predicts growth in UK market volumes of 3.6 per cent in 2015 and 3.8 per cent in 2016, which represents a slight decrease compared with the previous Summer Forecast. Notwithstanding this, the Group remains well positioned to grow organically, and selectively through acquisitions, and continues to invest in product innovation and service delivery initiatives to deliver improved trading margins and increased return on capital employed.

Good bounce up today.LATEST BROKER VIEWS

Date Broker New target Recomm.
10 Dec Numis 400.00 Add
10 Dec Panmure Gordon 370.00 Buy
10 Dec Peel Hunt 355.00 Buy
30 Nov Peel Hunt 350.00 Buy
28 Aug Panmure Gordon 370.00 Buy
28 Aug Numis 350.00 Add
6 Jul Panmure Gordon 320.00 Buy
21 May Jefferies... 340.00 Buy
20 May Numis 313.00 Add
20 May Panmure Gordon 320.00 Buy
Broker Recommendations for Marshalls

LATEST BROKER VIEWS

Date Broker New target Recomm.
11 Mar Numis 400.00 Buy
11 Mar Panmure Gordon 370.00 Buy
11 Mar Peel Hunt 355.00 Buy
15 Feb Peel Hunt 366.00 Buy
10 Feb Peel Hunt 355.00 Buy
8 Feb Peel Hunt 355.00 Add
8 Jan Peel Hunt 355.00 Buy
10 Dec Numis 400.00 Add
10 Dec Panmure Gordon 370.00 Buy
10 Dec Peel Hunt 355.00 Buy
Broker Recommendations for Marshalls

RNS Number : 7570R
Marshalls PLC
11 March 2016



Preliminary results for the year ended 31 December 2015

Marshalls plc, the specialist Landscape Products Group, announces its full year results for the year ended 31 December 2015.

Financial Highlights

Year ended
31 December
2015
Year ended
31 December
2014
Increase
%




Revenue
£386.2m
£358.5m
8
EBITDA
£51.8m
£38.5m
35
Operating profit
£37.5m
£25.3m
48
Profit before tax
£35.3m

£22.4m
57
Basic EPS

14.32p
10.13p
41
Total dividends - ordinary and supplementary
9.00p
6.00p

Final dividend - recommended
Supplementary dividend - recommended

ROCE

Net debt to EBITDA
4.75p
2.00p

19.0%

0.2 times
4.00p
-

12.5%

0.8 times
19


650
basis points

Highlights:
· Revenue increased by 8 per cent to £386.2 million (2014: £358.5 million) as a result of volume growth driven by strong demand
· Strong profit before tax growth of 57 per cent to £35.3 million (2014: £22.4 million)
· Improvements in operating margins to 9.7 per cent (2014: 7.1 per cent) due to greater operational gearing
· Return on capital employed improved 52 per cent (650 basis points) to 19.0 per cent (2014: 12.5 per cent) as a result of both greater profits and tighter capital management
· Basic EPS up 41 per cent to 14.32p (2014: 10.13p)
· Final dividend for 2015 recommended of 4.75 pence per share which represents an increase of 19 per cent for the year.
· In addition, we have recommended a supplementary dividend of 2.00 pence per share
· Implementation of a wide-ranging digital strategy, including the creation of web and mobile applications and data mining techniques to identify market trends
· New strategic vision to drive continued growth out to 2020

Current priorities:
· To improve operational efficiency and promote innovation
· To further strengthen the Marshalls brand by delivering systems-based solutions, service excellence 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 Water Management, Street Furniture, Rail and New Build Housing

2020 Strategy:
Phase 1 of our strategy to return to pre-recession profitability has now been achieved. The next phase of our strategy, which will take us to 2020, has now been determined. The Board intends to build on the progress delivered in recent years and to take advantage of the supportive market environment. A series of initiatives and actions to both drive sales growth and improve operational efficiencies have been agreed. These are detailed below and include:

· A supportive market environment through to 2020
· Achieve price increases to cover cost increases
· Additional capital investment programme of £15 million to deliver cost savings of £5 million per year
· Achieve sales growth for the smaller UK businesses of at least 10 per cent per annum
· New product development to accelerate annually
· Increased investment in digital strategy
· Acquisition strategy to enhance this organic growth
· Our 2020 strategy will drive long term growth and shareholder returns

Commenting on these results, Martyn Coffey, Chief Executive, said:

"This has been another good year for Marshalls with significant revenue and profit growth delivered in 2015. This has been matched by a strong cash performance resulting in the increased dividend for this year. Trading conditions remain positive and the Group continues to experience positive order intake and sales growth across the business.

Whilst there remain political and economic uncertainties, the outlook remains good with the CPA's current forecast for construction output standing at 3.6 per cent growth in 2016 and growth of 4.1 per cent, 4.2 per cent and 4.0 per cent respectively in the following 3 years. I am pleased to report that 2016 has started well with order intake up 6 per cent against strong comparators and the Group is well placed to build on the strong momentum generated in 2015 as we continue to see the combined benefits of Marshalls' operational gearing and the Group's growth strategy."