News blog

Michelmersh Brick

  • BY: Andrew Hore |
  • POSTED: 01/02/2012 |

Brick manufacturer Michelmersh Brick traded in line with expectations in 2011.

The relatively warm winter and exposure to the South East has helped to offset higher production and haulage costs.

Michelmersh has refinanced its borrowings by entering into a 13m five-year loan with Barclays. The quarterly interest charge is at the rate of LIBOR plus 4%. An interest rate cap means that Michelmersh is only exposed to LIBOR rates up to 2%.

The 2011 figures will be published in April.

At 28p a share, up 3.5p, Michelmersh is valued at 16.3m.

Download the latest AIM Journal from

© 2021 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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 Subscribe to AIM Micro RSS Feeds