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 under value recovery play. At the half- year stage, Mickelmersh warned that profits would be well down in 2012 due to tough trading conditions, although the company should atleast break even. The attraction being for some time the company has been trying to sell off land it owns in Telford to housebuilders. Progress is being made on a deal with Persimmon and planning consent is being sort on further brown-field land.
A stronger market for sites increases the prospect of Michelmersh realising value from these assets. Meanwhile, the company offers longer-term cynical upside should construction activity begin to pick up.This could be a recovery play, which could offer the tantalising prospect of making substantial returns over a short period. Buying shares in a company that is priced for failure but actually primed for revival can result in the double whammy of substantial earnings growth and a whacking re-rating as the recovery story takes hold. But remember the market is only likely to price a stock for failure when failure is a real possibility. Could be a corking recovery play or indeed a stinker.

Moving very fast up 8.5%, not a stinker.

What it atracted me was not only the Posible recovery play being on the construction business but the NAV of 60p when I bought some last Friday.

Some large trades at middle price reported late, look like any overhang was cleared, so any buying is pushing the share price on the way up now.

Same thoughts MJ. :-))

dreamcatcher

re - Net asset value 60p

The key to the brick-maker's value is its asset value. The company buys land from which it extracts clay to make bricks, then allows landfill on the land before selling it on for development.

Michelmersh now has over 2.5 times its valuation in net tangible assets, though the real value may be greater as the land is accounted for on the balance sheet at cost, not as development land.

I think we both have spotted the company potential

The move up is on the bid today after MMs forgotten to do so on the afternoon buys yesterday.

Narrowing the spread is allway a good thing 26 / 27p now

Back up to the 2013 high this morning.

It seems MMs are moving the prices up and down as they fancy.

Lets hope there is a large delay buy or buys

Keep hold of this one mj.

another nice rise on small size buying

Did you pick up any AUG Mj another recovery play on the move, not so at the moment as this one.

Not yet is on the watch list, but as so many.
naturally is a question of how big is your bank account for shares.

Another good move up at both sides 27 / 28p highest so far

Some good size buys earlier on

Anyone who risked investing here well done, as I said in the heading the sp was priced for failure.

Heading for the whacking re-rating.

Near on 50% up since Friday 11th Jan

Some interest this afternoon again and MMs covering their #rse just like the other day with a large spread at the moment, most likely do not want the share price to explode.

wonder if a large trade to be reported later

It does move with the low volume we can see at present, there could be a large buy
in the back ground.

re - why is rising so fast

The normal thing also is MMs are short of stock, so the only way is mark the stock up till a seller comes to save their books