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

A buy in this weeks shares mag - an improvement in UK construction activity and tightening supply side in the brick industry bode well for Michelmersh Brick's outlook statement at next month's interims (2 Sept).

On Monday, Michelmersh Brick Holdings PLC (MBH:LSE) closed at 41.00, 0.00% below its 52-week high of 41.00, set on Aug 15, 2013.

Results Monday 2 September

Half Yearly Report



Financial Highlights

• Group turnover increased 10% to £13.1 million (H1 2012: £11.9 million)
• Exceptional restructuring costs of £2.2 million incurred mainly in relation to closure of Dunton brickworks; £1.7 million uplift in land value as cessation of brick manufacturing at Dunton releases landfill potential at the site
• Operating profit from continuing activities* (excluding restructuring costs) of £376,000 (H1 2012: £493,000)
• Loss before tax of £2.4 million after restructuring costs of £2.2 million (H1 2012: loss of £84,000)
• Continuation of debt reduction process over 12 months of £1.5 million
• Loss per share (after restructuring costs) of 3.15p (H1 2012: loss of 0.14p)
• Net asset value of 60.2p per share (H1 2012: 59.5p)

Operational Highlights

• Volume of bricks sold 36 million (H1 2012: 33 million)
• Strong manufacturing performance during the period with 34.2 million units produced (H1 2012: 35.1 million)
• Maintained brick selling price of ongoing business* at £347 per thousand (H1 2012: £346 per thousand)
• Further rationalisation of the sales administration function
• Contracts exchanged for the sale of the 15 acre former factory site at Telford for a total consideration of £4.6 million
• Prestige orders won include: Lend Lease's new Elephant and Castle regeneration scheme; Liverpool University student accommodation; Ercall Wood Technology College in Telford; and the Seaburn and Roker re-development.

* all references in this announcement to continuing activities, ongoing business or continuing business excludes Dunton

2 Sep Westhouse... 61.00 Buy

No wonder the share price is down since results ( nothing of this world losses, only NAV safe the company figures )


Director Deals - Michelmersh Brick Holdings PLC (MBH)

Alan Hardy, Executive Director, sold 900,000 shares in the company on the 2nd September 2013 at a price of 39.00p. The Director now holds 5,659,391 shares.

:-))

Sale of 15 Acre Site in Telford

RNS


RNS Number : 6955Q

Michelmersh Brick Holdings PLC

17 October 2013






17 October 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 completed the sale of the 15 acre former factory site adjacent to its brickworks in Telford, Shropshire, to Bovis Homes Limited, 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. 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 brickworks site.



Martin Warner, CEO of MBH said: "Completion of the sale of this land is extremely satisfying and is a sound reward for the hard work of our planning and development team. We now move on to address other land assets and maximise their value to the Group.



"We are, however, principally a brick manufacturer and we continue to compete strongly in a market that is showing signs of price recovery. The upturn in demand we have seen over the past few months is encouraging us to invest in our existing plants to increase capacity and efficiency, which will, in due course, increase Group revenue."

Top riser today.

Westhouse Securities Sell 72.00 72.25 61.00 61.00 Downgrades

Double top on chart.

Final Results

RNS


RNS Number : 1849D

Michelmersh Brick Holdings PLC

26 March 2014














26 March 2014



Michelmersh Brick Holdings Plc

(the "Group" or MBH")



FINAL RESULTS

Well financed and positioned to benefit from demand for bricks in the UK



Michelmersh Brick Holdings Plc (AIM:MBH), the specialist brick, land development and landfill company, today announces its audited final results for the year ended 31 December 2013, a transformational period for the Group's balance sheet, shareholder base and positioning within an industry that is recording brick stock levels reaching a historic low.





Financial Highlights:



- Group turnover of £25.9 million, up 12.6% (2012: £23.0m);

- Operating profit of £1.4 million, a favourable comparison to an operating profit of £1.4 million in 2012 which included £400,000 of carbon surplus;

- Net cash generated by operating activities up from £1.6 million to £3.8 million; and

- Net debt reduced from £18.4 million in 2012 to £4.2 million at 31 December 2013.



Operational Highlights:



- 71 million bricks despatched in the period - 7 million more than in 2012;

- Sharp increase in demand for bricks in second half leading to positive movements in pricing;

- Sale of surplus land at the Telford site to Bovis Homes;

- Significantly oversubscribed share placement in November 2013 raising £9.6 million;

- Closure of the smallest, loss-making plant within the Group; and

- Winner in multiple categories at BDA Brick Awards.



Commenting, Martin Warner Group CEO, stated: "After five very difficult years for the business and the industry, 2014 has started positively. With pricing and demand improving, increased production at our most efficient plant, and the other exciting initiatives for 2014, we believe that we will be able to more than hold our own in the future and the fruits of many years of hard work will start to become apparent."

Looks pretty solid.

Sharecast - The Chief Executive of Michelmersh, Britain’s biggest brickmaker, has warned that brick stocks are at their lowest in living memory. Martin Warner told The Sunday Telegraph: “Every brick we can make is being sold straight away. I am seeing the lowest brick stocks in living memory across the UK.” He added that brick prices were starting to rise after five years of stagnation. The shortage could constrain housebuilding or increase housebuilders’ costs.



Michelmersh Brick Holdings PLC (AIM: MBH.L), the specialist brick, land development and landfill company, today announces that its half year results, for the six months ended 30 June 2014, will be published on Monday 21 July 2014.

Interims Monday.

Shares - Freshfield Lane is currently scaling up production with increased output expected from the beginning of 2015.

Half Yearly Report

Financial Highlights

•Operating profit of £1.4 million (H1 2013: £0.1 million)
•Group turnover increased 8% to £13.6 million (H1 2013: £12.6 million)
•Net debt at 30 June 2014 of £5.3 million (30 June 2013: £18.7 million)
•Earnings per share of 1.24 p (H1 2013: loss of 0.38 p on continuing activities)
•Net asset value of 57.6p per share (31 December 2013: 56.3p)

Operational Highlights

•Manufactured 33.7 million bricks (2013: 33.4 million)
•Despatched 34.0 million bricks (2013: 35.2 million) at average selling prices 12.8% ahead of 2013
•Supplied products to prestigious projects across the country including Nottingham Railway Station, Lend Lease regeneration of Elephant and Castle and the ITV Media City, Salford Quays
•Completed the re-structuring of the Telford site following the land sale to Bovis Homes
•Project to increase capacity at Freshfield Lane ("FLB") well under way

Shares - Supply-side pressure should play to brickmaker's strengths.

At 70p Michelmersh is well positioned to capitalise on supply-side pressures in the construction industry and falling debt (£5.3 million on 30 June compared to £18.7 million a year earlier) and rising earnings further buttress the proposition.

AIM's fastest growing companies


Michelmersh Brick Holdings

Earnings fell at Michelmersh Brick (MBH) in 2013, but first-half results this year were better-than-expected and forced Cenkos Securities to upgrade forecasts. Higher brick prices mean adjusted earnings per share (EPS) are now tipped to rocket by 1,000% in 2014, up from 0.2p to 2.2p. That’s more than double the 2012 figure, too. Next year, it's back down to earth, although forecast growth of 25% is not to be sniffed at, and average forecast growth for the two years is a stunning 511%.

MBH's share price is underpinned by investment land valued at 26p per share. Strip that out and Michelmersh shares trade on just 16 times current-year forecast earnings, dropping to 13 in 2015. That's a discount to the Construction & Materials sector. Unfair, says Cenkos:

We would argue that MBH should trade at a premium to this operating in an industry impacted by a supply demand deficit with high barriers to entry preventing significant additions to supply capacity. There is scope for a sustained recovery underpinned by political pressure to resolve the UK housing shortage and the minor £3,000 cost of bricks for the average UK house is indicative that there is scope for sustained price increases.



http://www.iii.co.uk/articles/207206/aims-fastest-growing-companies

Signal Update

Our system’s recommendation today is to BUY. The BULLISH HARAMI pattern finally received a confirmation because the prices crossed above the confirmation level which was at 57.5000, and our valid average buying price stands now at 57.6000. The previous SHORT signal was issued on 04/11/2014, 21 days ago, when the stock price was 62.0500. Since then MBH.L has fallen by -7.17%.

Market Outlook

The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance.



http://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=MBH.L