||EPS - Basic
||Market Cap (m)
Real-Time news about Mount Eng. (London Stock Exchange): 0 recent articles
|masurenguy: Share price has marginally declined since last months results which were quite reasonable given the fall in sales. Fairly illiquid so one sell of 4600 shares today can push the price down by 3.5%.
Currently on an historic PER of 7.5 but with cash in the bank and no net debt. Still watching but no position here yet.
RNS Number : 7529I
Mount Engineering PLC
18 March 2010
Turnover for the year of GBP9.3m (2008 GBP11.8m) has generated an operating profit of GBP2.9m (2008 GBP3.25m), equating to 30.8% of turnover (2008 27.6%) and basic earnings per share of 8.2 pence per share (2008 8.9 pence per share). As at the year end, the Group had a strong balance sheet position with cash balances of GBP4m and net cash of GBP1.76m, (2008 GBP3.8m and GBP0.5m respectively). The Board intend to propose to shareholders the payment of a final dividend of 1.4p per Ordinary share, which, if approved at the AGM, will be paid on 2 June 2010 to shareholders on the register at 14 May 2010. Total dividend for the year is 2.4 pence per share (2008 2.3 pence per share).
Although the Group experienced a relatively buoyant start to 2009, order intake gradually declined and stabilised at a lower level. However, prompt action taken by management in respect of the supply chain positioned the Group to improve margins despite the lower turnover, such that Mount is well placed to benefit from any upturn in demand later in 2010 and beyond.
With short term visibility of its own order book, Mount relies on a number of
external indicators to assist in forecasting its own activity. Indicative levels of capital spend from major oil companies, approval of major infrastructure projects, tender enquiry levels, and published forward order books of equipment manufacturers are all reviewed. As a supplier of late cycle products in respect of the installation of electrical equipment in new capital projects, the timing of any benefit to Mount from increased sales is also an unknown variable. Routine maintenance and refurbishment of older facilities provides a more and reoccurring immediate benefit to the Group. In summary, our key indicators show our sales have stabilised.
Y Reduction in Turnover of 20%
Y Operating Margin 30.8%, up from 27.6%
Y Cash balances at year end of GBP4,033k
Y Net Cash at end of year of GBP1,709k
Y Increased final dividend 1.4p per share
Y Satisfactory start to new financial year|
|masurenguy: After the crash last September I held back from making any further new investments into more small caps unless they had plenty of cash. Don't really know anymore about the directors beyond what you've posted above. I have subsequently added a few new companies over the past few months but am still on the sidelines here.
I think this is a solid and well managed business and the current eps of circa 9p puts them on a PER of just over 6 at the current share price - probably fairly valued in current market conditions. They also pay a dividend which yields around 4% at the moment. Looks like they will maintain a similar level of sales and pretax profits as last year which is no mean achievement at the moment.
This is well below most peoples radar as 19 posts in 18 months clearly indicates. I view them as a potential future equity component in my SIPP - a steady plodder with hopefully a rising yield but not really a hotshot candidate with significant capital appreciation potential.
O/T: A more recent new investment last month was Cryo-Save (CRYO), a market leader in stem cell storage. The share price then shot up after they announced 3 weeks ago that would list on Euronext in the new year. They subsequently posted a good set of interims last week. I think that there is considerable future mileage in this 'embryonic' sector (excuse the pun) and you might like to check them out. Would be interested in hearing your views if you do !|
|masurenguy: Seems like the AGM statement spooked a few holders into selling with the share price falling by circa 35% over the next 6 weeks but the July trading update would appear to have provided some reassurance. The interims due at the end of September should be interesting.
RNS Number : 9473S
Mount Engineering PLC
28 May 2009
Mount Engineering Plc (AIM:MOU), the manufacturer and supplier of certified
explosion proof fittings and supplier of valves and actuators, predominantly to the oil and gas industry, confirms that all the resolutions put to shareholders at the Company's Annual General Meeting held today were duly passed. Addressing the meeting, Colin Ainger, Chairman stated that as indicated in the preliminary announcement of the 2008 results on 19 March 2009, in the current economic climate the market for the Group's products would be less predictable than in previous years. The Company had a satisfactory first quarter and the Board anticipates that the first half results would be broadly in line with the prior year.It is now evident that customers are de-stocking across the Group's markets and consequently at this stage the Board anticipates that the outcome for the current year will be broadly similar to that of the prior year.
RNS Number : 1462W
Mount Engineering PLC
23 July 2009
TRADING UPDATE & NOTICE OF INTERIM RESULTS
Mount Engineering Plc ("Mount" or "the Group") today announces the following
trading update for the six months to 30 June 2009 ahead of the announcement of
its Interim Results on 28 September, 2009. The Board of Directors are satisfied with the progress of Mount in the first six months of the year and expect the Group results to be in line with the prior year first half. Cash generation in the period has been strong, leading to net cash of GBP618k at 30 June, 2009, (GBP534k 31 December 2008). Whilst current market visibility remains unpredictable, effective margin management and overhead cost control is maintaining profitability and cash flow and trading remains in line with full year market expectations.|
|redmarauder: Kenny - 1 Apr'08 - 18:51 - 4 of 9
All their friends buy before the tip is published. Share price will fall back in a few weeks.
A fool and his money are soon parted!
Since your comments are classified as slander shall I pass your details on to TW? Then he can part you (fool) from your money in the courts.|
|kenny: All their friends buy before the tip is published. Share price will fall back in a few weeks.
A fool and his money are soon parted!|
Mount Engineering share price data is direct from the London Stock Exchange