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Bonkers Bargains: resilience in a tough market

02/09/2025 · Michelmersh Brick (MBH) 
AIM AIM Inheritance Tax potential Bonkers Bargains Small Caps

The UK construction materials sector is firmly out of favour, reflected in the moribund share prices of many companies. This presents an opportunity to pick up shares in good-quality companies trading at rock-bottom valuations. One such cash-rich company is our Bonkers Bargain opportunity here, with the security of plenty of tangible assets and cash. In a very challenging market the latest results offerred reassurance, highlighting the quality of this excellent business.

In the construction sector gloom, one small AIM company covered here, manufacturing specialist, high-quality products, looks particularly appealing to us.  Specialist manufacturer Established in 1997, Michelmersh Brick Holdings (AIM: MBH) has developed into a major presence in the UK brick market, producing over 122 million clay bricks and pavers each year. The UK brick market is dominated by three large players. UK-listed Ibstock (IBST) and Forterra (FORT) have 43% and 28% market shares respectively, followed by privately owned Austrian group Weinerberger, the world's largest producer of bricks, which has a 21% share of the UK market. Sitting in fourth place, but…

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