Buy Michelmersh Brick Holdings (MBH) by Malcolm Stacey in ShareProphets

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  • Performance

    -29.66%

  • Price at start

    148.50p

    (ask)

  • Current price

    99.50p

    (bid)

  • Tip made

    08/09/2021

  • Tip Status

    Open

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Tip Notes

"...The outlook seems bright for Michelmersh whose bricks and tiles should continue to be in strong demand. It’s an opportunity to put prices up. And it may need to do that as labour is getting hard to find and raw materials are costing more, too. The shares are now above pre-pandemic levels at 150p though, with its future looking jolly, I think we can expect more. After all, mortgage rates remain cheap and the government is determined to support first time house buyers." - Malcolm Stacey, ShareProphets

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