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Prices & Quotes - UK Markets - Morgan Sindall Group (MGNS)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 2,575.00p
Change Today:
20.00p
Market Cap:
1,193.95m
Sector:
Construction & Materials

Morgan Sindall expects FY results to be 'significantly ahead' of previous forecasts

By Iain Gilbert

Date: Thursday 22 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Construction and regeneration firm Morgan Sindall said on Thursday that trading had been "strong" since its last update in April, with the company now expecting its full-year results to be significantly better than originally expected thanks to positive momentum experienced across the group continuing to accelerate.
Morgan Sindall stated all of its divisions had "performed well" and that it now expects its interim results to show pre-tax profits of roughly 53.0m, up a whopping 238% when compared against the first half of 2020 and up roughly 46% on 2019's pre-pandemic comparative.

Total secured workloads rose to 8.3bn at the end of the half, level with its year-end position and up 5% from the same time last year.

The FTSE 250-listed firm also said its cash performance had been strong, with average daily net cash for the first half of 294.0m, up from 153.0m at the same time a year earlier, while the company's net cash position as of 30 June was 337.0m, up from 146.0m.

As a result of the solid performance, MS now anticipates that its full-year results for 2021 will be "significantly ahead" of previous expectations.

As of 0855 BST, Morgan Sindall shares had shot up 11.19% to 2,351.72p.

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

 

MGNS Market Data

Currency UK Pounds
Price 2,575.00p
Change Today 20.00p
52 Week High 2,685.00p
52 Week Low 1,088.00p
Volume 30,618
Shares Issued 46.37m
Market Cap 1,193.95m
Beta 0.01

Performance Indicators

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What The Brokers Say

Strong Buy 3
Buy 1
Neutral 0
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 07-Oct-21 29-Apr-21
Paid 26-Oct-21 19-May-21
Amount 30.00p 40.00p

Trades for 17-Sep-2021

Time Volume / Share Price
13:43 231 @ 2,582.60p
13:42 41 @ 2,575.00p
13:42 73 @ 2,575.00p
13:35 30 @ 2,585.00p
13:35 70 @ 2,585.00p

MGNS Key Personnel

CEO John Christopher Morgan
Finance Director Steve Crummett