News blog

Michelmersh Brick

  • BY: Andrew Hore |
  • POSTED: 20/05/2010 |

Brick manufacturer Michelmersh Brick expects to complete the sale of surplus assets from the purchase of Freshfield Lane Brickworks in the near future.

Surplus agricultural land should be sold for 1.4m. Two residential properties are likely to be sold for more than their book value. There should also be a profit on the sale of other properties.

Additional cash should come in from the deal with Persimmon for the Telford site. Michelmersh has also extended its debt facilities.

Like-for-like sales are well in excess of the previous year.

At 39.5p a share, up 1.5p on the day, Michelmersh is valued at 23m.

© 2018 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Symphony Environmental Technologies

Symphony Environmental Technologies increased it 2017 revenues by more than one-fifth and more than tripled profit. 

Continue reading... | 18/03/2018

SerVision

SerVision says it is likely to offload its subsidiaries and become a shell.

Continue reading... | 18/03/2018

Quoted Micro 12 March 2018

Continue reading... | 18/03/2018

Defenx

Continue reading... | 18/03/2018

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds