Morgan Sindall Group (MGNS)

Sector:

Construction and Building Materials

Index:

FTSE 250

1,828.00p
   
  • Change Today:
    -20.00p
  • 52 Week High: 2,685.00p
  • 52 Week Low: 1,776.00p
  • Currency: UK Pounds
  • Shares Issued: 47.17m
  • Volume: 79,400
  • Market Cap: £862.32m
  • RiskGrade: 151

Morgan Sindall on track despite mounting headwinds

By Abigail Townsend

Date: Thursday 05 May 2022

LONDON (ShareCast) - (Sharecast News) - Morgan Sindall said on Thursday that it remained on track to meet full-year targets, despite mounting inflation and supply chain constraints.
Updating investors ahead of its annual general meeting, the construction and regeneration specialist said inflationary pressures and supply issues remained "significant" challenges, with an already difficult trading environment further exacerbated by the war in Ukraine.

Despite that, trading in the year-to-date was in line with expectations, and the group reiterated its outlook for the full year.

"Current market conditions are expected to continue for the foreseeable future," the FTSE 250 firm noted. "However, on the basis of the performance-to-date, and the current visibility of future workload for delivery in the remainder of the year, the group is confident of delivering a full-year performance which is in line with previous expectations."

The total secured workload as at 31 March was £8.6bn, up 6% year-on-year and level with the 2021 end-of-year position.

Within that, the construction secured order book was £4.5bn, up 14%, while the regeneration order book was £4.1bn, down 1% or unchanged since the year end.

As at 0930 BST, shares in Morgan Sindall were ahead 1% at 2,110.0p.

John Morgan, chief executive, said: "Despite the current market headwinds, we're well positioned for the future with continued positive momentum across the group."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

MGNS Market Data

Currency UK Pounds
Share Price 1,828.00p
Change Today -20.00p
% Change -1.08 %
52 Week High 2,685.00p
52 Week Low 1,776.00p
Volume 79,400
Shares Issued 47.17m
Market Cap £862.32m
RiskGrade 151

MGNS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
11.75% above the market average11.75% above the market average11.75% above the market average11.75% above the market average11.75% above the market average
15.79% above the sector average15.79% above the sector average15.79% above the sector average15.79% above the sector average15.79% above the sector average
Price Trend
4.96% above the market average4.96% above the market average4.96% above the market average4.96% above the market average4.96% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Income
83.78% above the market average83.78% above the market average83.78% above the market average83.78% above the market average83.78% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Growth
46.51% above the market average46.51% above the market average46.51% above the market average46.51% above the market average46.51% above the market average
21.95% below the sector average21.95% below the sector average21.95% below the sector average21.95% below the sector average21.95% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MGNS Dividends

  Latest Previous
  Interim Final
Ex-Div 06-Oct-22 28-Apr-22
Paid 26-Oct-22 18-May-22
Amount 33.00p 62.00p

Trades for 17-Aug-2022

Time Volume / Share Price
16:35 241 @ 1,828.00p
16:35 1,094 @ 1,828.00p
16:35 2,300 @ 1,828.00p
16:35 649 @ 1,828.00p
16:35 21,052 @ 1,828.00p

MGNS Key Personnel

CEO John Christopher Morgan
Finance Director Steve Crummett

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