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

Final Results



Financial Highlights



· Group turnover of £24.5 million (2011: £24.3 million)

· Operating profit of £1.04 million (2011: £1.34 million)

· Earnings per share of 0.02p (2011: 2.60p)

· Net Asset Value per share of 61.0p (2011: 59.7p)

· Cash generated by operations of £2.6 million (2011: £1.9 million)

· Net borrowings of the Group fell by £1.4 million to £18.4 million (2011: £19.8 million)



Operational Highlights



· Progress to planning consent for 185 houses on Telford former factory land

· Completion of the determination on initial phases of the option land at Telford

· Reduction in net working capital

· Improvement in average selling price to £355 per thousand (2011: £345)

· Launch of three product initiatives





http://www.moneyam.com/action/news/showArticle?id=4560699




Michelmersh Brick HDG: Westhouse Securities shifts target price from 60p to 61p leaving its buy recommendation unaltered.

Many questions for investors

A very high NAV 61.0p
but are those numbers discounted by the borrowings of £18.4 million ?

EPS at 0.02p
about time to convert NAV into profits

I am certainly out, the turn around is not yet there with this numbers.

Thanks for that m

DC I cannot remember ever commenting on this share but I am glad you are up 50%. I have never intimatated that you are daft!!!

I know you have never intimated I'm daft, it was a figure of speech to menorca1.lol

Intimated on my behalf was spelt incorrectly. Taken me all my time to keep warm today, electric cut off but now on again thankfully.

Thats fine 3m. Wow, was it an area power fault or your own home ? Been 0 here all day and taking the wind chill into account -3/-4 in that region. Looks like a white easter here forecast. You will have to have g and t to warm the blood. lol

Area fault dc. Think the g and t will be going out of the window I suspect it thins the blood. Hot water bottle is more my scene at the moment - sky looks crap so you may be correct with the white easter. At least I am and hope you are better than some.

Keep warm 3m, forgot what your little saying was. lol

The chances of getting a good return again is on the company plant on the next 12 month

The company highlights do not put what it really matter to the market ....

Profit for the financial year 9K ( 1,512M )

That was very clear to me trying to hide the important factor

3% rise today.

Up another 3%

Posting of Annual Report & Notice of AGM

RNS


RNS Number : 7254C

Michelmersh Brick Holdings PLC

22 April 2013






22 April 2013

Michelmersh Brick Holdings PLC

(the "Company")



Posting of Annual Report & Notice of Annual General Meeting



Michelmersh Brick Holdings PLC (AIM:MBH.L), the specialist brick, land development and landfill company, announces that it has posted its Annual Report for the year ended 31 December 2012 to shareholders, together with the Notice of the Annual General Meeting to be held at 11.00am on Wednesday 22 May 2013 at Tavistock Communications, 131 Finsbury Pavement, London, EC2A 1NT.

ft.com/marketsdata -
The one analyst offering a 12 month price target expects Michelmersh Brick Holdings Plc share price to rise to 61.00 in the next year from the last price of 29.00

Back up to 30p

Share price forecast




The one analyst offering a 12 month price target expects Michelmersh Brick Holdings Plc share price to rise to 61.00 in the next year from the last price of 28.00.


On Wednesday, Michelmersh Brick Holdings PLC (MBH:LSE) closed at 30.00, 16.67% below its 52-week high of 36.00, set on Mar 22, 2013.


AGM / EGM
22 May 13 Michelmersh Brick Holdings PLC [MBH]

Sale of Land at Telford

RNS


RNS Number : 7325F

Michelmersh Brick Holdings PLC

29 May 2013






29 May 2013

Michelmersh Brick Holdings Plc

("MBH" or the "Group")



SALE OF 15 ACRE SITE IN TELFORD, SHROPSHIRE



Michelmersh Brick Holdings PLC (AIM: MBH), the specialist brick, land development and landfill company, is pleased to announce that it has exchanged contracts with Bovis Homes Limited on the sale of the 15 acre former factory site adjacent to its brickworks in Telford, Shropshire for a total consideration of £4.6 million in cash. The consideration is payable as to £1.6 million on completion, with £3.0 million payable in equal instalments on the first and second anniversary of completion, which is expected to take place within four months, after satisfaction of certain conditions. The net proceeds will be used to reduce the Group's borrowings and to meet the cost of the site re-organisation and taxation arising from the sale.



The Group's audited accounts for the year ended 31 December 2012 included this plot of land under "current assets land for sale" at a value of £3.35 million, being the estimated sales proceeds less the associated costs of the sale and estimated costs of reconfiguration of the continuing operational brickwork site.



The Group will now seek to bring to completion the planning matters relating to the 15 acres of land ready for disposal under the Persimmon Option agreement, which should benefit from the precedent set by the above sale.



Martin Warner, CEO of MBH said: "The Board is pleased to achieve the disposal of this parcel of land which now allows the Group to proceed with the ongoing development of brick manufacturing, landfill and other development opportunities both at the Telford site and elsewhere in the Group."

29 May Westhouse... 61.00 Buy

up 6%

Looks like they are on the move now