Sometimes with investment ideas, as with life, you can spend a long time searching for something that is staring you in the face. So it has proved with Morgan Sindall (MGNS). The London-based contractor appears in these pages almost by osmosis, having popped up on several Investors' Chronicle screens in recent months.
IC TIP:
Buy
Tip style
Value
Risk rating
Medium
Timescale
Medium Term
Bull points
- Office fit-out market is “very strong”
- Thriving regeneration arm
- Diverse revenue streams
Bear points
- Weak earnings forecasts for 2024
- Property services business is struggling