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

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.

not very exciting, but shall continue to hold log term

Final Results
RNS
RNS Number : 0171I
Michelmersh Brick Holdings PLC
19 March 2018





19 March 2018

Michelmersh Brick Holdings Plc
("MBH" or the "Group")

FINAL RESULTS
Landmark year for the Group as Carlton acquisition gives growth and opportunity

Michelmersh Brick Holdings (AIM:MBH), the specialist brick manufacturer, is pleased to report its audited final results for the year ended 31 December 2017, representing a strong performance and continued progress.

Financial Highlights

· Revenue up 26% to £37.9 million (2016: £30.1 million);
· Underlying1 Operating profit increased by 42% to £6.5 million (2016: £4.6 million);
· Underlying1 EPS at 5.9 pence up 34% over 2016
· Underlying1 EBITDA increased 42% to £8.0 million (2016: £5.6 million)
· Cash generated by operations of £6.9 million (2016: £5.7 million), representing 141% of Operating profit; and
· After paying the first ever Interim dividend this year, total dividend increased by 7.5% to 2.15 pence per share for the period.
Operational Highlights

· Acquisition of Carlton for a net consideration of £31.2 million;
· Completed sale of former Dunton brickworks site for £2.7 million;
· Strengthened board with the appointment of Stephen Bellamy as non-executive director;
· Built forward order book to 60 million units; and
· Strong showing at the BDA awards including the BDA Supreme award.

Martin Warner, Chairman at Michelmersh Brick Holdings, commented: "The Group's position has been significantly strengthened in 2017 with the addition of the Carlton plant. Our geography, product range, scale and market presence have all been enhanced as a result and there is further scope to benefit from this acquisition as the management teams work together to maximise the performance of the Group.

"The UK construction industry remains stable with a level of activity that keeps UK brick manufacturing operating at capacity with limited options for expansion. The Group's order book is strong and 2018 promises to be busy."

Proactive investor -

Michelmersh Brick strengthens support on need to boost new home building in the UK
Share
15:46 01 May 2018
High-end producer Michelmersh Brick Holdings PLC deliver strong annual results in March, helped by a first meaningful contribution from the acquisition of Carlton Main Brickwork

INVESTMENT
OVERVIEW: MBH
The Big
Picture
Michelmersh Brick’s 2017 underlying profits [EBITDA] rose by 42% to £7.33mln
With politicians always stressing the need to boost new home building in the UK to meet heavy demand, the market for building bricks continues to face stock shortages amid supply constraints and cost inflation.
Office for National Statistics data recently earlier this year showed brick production in the UK rose just by over 4% in 2017 from the previous year, while brick deliveries increased by 11%, with 2017 being the strongest year for despatches since 2007. Brick stocks also fell by nearly 28% towards the end of the year against a background of flat pricing.
This positive scenario saw high-end producer Michelmersh Brick Holdings Plc (LON:MBH) deliver strong annual results in March, helped by a first meaningful contribution from June’s acquisition Carlton Main Brickworks.
WATCH: Carlton acquisition sees Michelmersh Brick post strong annual results
Yorkshire brick maker Carlton cost the group £31.2mln and was largely behind the 26% jump in revenue to £37.9mln in 2017, with organic growth just 3%
Michelmersh’s 2017 underlying profits [EBITDA] rose by 42% to £7.33mln, though pre-profits fell to £3.34mln due to the cost of integrating the acquisition.
Carlton operates from a 93-acre site in Barnsley, Yorkshire that has been churning out bricks since the 1880s.nd was expected to increase Michelmersh’s annual production by more than 40% to more than 100mln bricks a year.
READ: Michelmersh Brick acquires Yorkshire bricks maker, Carlton
A big number of those bricks in one of London’s most iconic buildings, Battersea Power Station which is being redeveloped and will feature bricks supplied by Michelmersh.
The firm revealed last July that, in conjunction with its distribution partner EHSmith, it will supply 440,000 purpose-made, wire-cut bricks from its Blockleys plant in Telford, Shropshire for the prestigious development.
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, Michelmersh said.
WATCH: Battersea Power Station redevelopment 'a tremendous project' for Michelmersh
The firm said being chosen to deliver this order is a testament to Michelmersh's ability to create a product that meets very particular requirements and match the existing, iconic Battersea Power Station brickwork.
Prospects for this year are equally buoyant
As the group’s chairman Martin Warner commented at the time of the finals in March: “The UK construction industry remains stable with a level of activity that keeps UK brick manufacturing operating at capacity with limited options for expansion. The Group's order book is strong and 2018 promises to be busy,”
Michelmersh shareholders were rewarded with a 7.5% hike in the 2017 dividend to 2.15p, and this was a nice boost to a strong performance from the group’s share price which has gained around 50% on a one-year view, with the stock currently trading at 95.5p.
This should provide solid foundations for investors looking for a solid play on the ongoing demand squeeze in the UK housing market.

AGM Statement
RNS
RNS Number : 5564N
Michelmersh Brick Holdings PLC
10 May 2018

10 May 2018

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, Martin Warner, Chairman, will make the following statement:

"The Group as a whole has performed well for the first four months of 2018, largely unaffected by some severe weather in February and March. Carlton Main Brickworks Limited is proving to be an excellent acquisition and is performing as anticipated. I am looking forward to its full year contribution to the Group's results in 2018. At this early stage of the year, the Board expects the Group's trading performance for the twelve months to 31 December 2018 to be in line with market expectations and show significant growth over 2017."

Pending approval by shareholders at the AGM, the final dividend in respect of the year ended 31 December 2017 of 1.45 pence per ordinary share will be paid on 30 June 2018 to members on the register on 1 June.

Half year report

Operational Highlights:
· Full operational integration of the Carlton plant
· Successful restructuring of operations at the Michelmersh plant
· Strong, balanced order book into Q1 2019 - 10.5% ahead of June 2017
· Contract signed for Carlton investment project targeting enhanced efficiency and output
· New key high value products introduced to the market
· Increased interim dividend