Mountfield Share Discussion Threads

[singer8] 07/6/2016 10:17

so lets be clear hatey you dont want people reading your tweets ????????????????


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so can you explain why you are on twitter ???????????????????
why bother tweeting ????????????????????????
oh you have 141 followers LOL

[singer8] 07/6/2016 10:08

LOL


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[singer8] 07/6/2016 09:45

LOL lies as usual LOL


hatetrader ‏@hatetrader1 17h17 hours ago

Took some profit CLTV 2.5p paid 1.38p....
0 retweets 1 like

[singer8] 07/6/2016 09:45

how many names are you using now annonymous2 ???????????????????????

annonymous2
sharetips6
hatetrader
34simon
55investor
27howard
29howard
21trader
tradermick
tobytime
hatetrader1

[singer8] 07/6/2016 09:44

so you running a PUMP and DUMP on MOGP annonymous2 ?????????????????????

[mikeh30] 07/6/2016 08:45

Converted to founders shares with no vote, no dividend only to be realised when company is sold for £20m +No increase in mcap imo

[annonymous2] 07/6/2016 08:40

Sorry confused dot com.

The loan notes are being converted so the market is now over 7 million ?

Or am I reading this wrong ?

[gozo] 07/6/2016 08:37

Looking good....it's bound to gain some press/tip coverage with today's outlook

[fillipe] 07/6/2016 08:32

Make that now 1.85p paid over for a 250k lot.

f

[fillipe] 07/6/2016 08:30

+20% today. 1.73p paid. L2 ask currently showing as at 1.80p.
A good start for the day which should expand as investors take note of the very positive tone of today's news items.

f

[mikeh30] 07/6/2016 08:30

Presumably the end game here is that £20m+ buy out.I also like "The Group is financed from the cash it generates from its operations"

[jakleeds] 07/6/2016 08:30

Wow, 1.85p paid for 250000 shares...

[jakleeds] 07/6/2016 08:24

The way they have restructured the loan notes is also very pleasing, as it keeps everyone interested and motivated. Plus, it means they won't be tempted to sell the company for anything less than £20million, which is 5 times the current value...

[jakleeds] 07/6/2016 08:07

Mountfield Group plc Proposed Conversion of Loan Notes / Notice of AGM
Intraday Mountfield Chart

Intraday Mountfield Chart
07/06/2016 6:55am

UK Regulatory (RNS & others)


TIDMMOGP

RNS Number : 4062A

Mountfield Group plc

07 June 2016

MOUNTFIELD GROUP PLC

("the Group" or "the Company")

Proposed conversion of Loan Notes ("Loan Notes")

Notice of Annual General Meeting

The Directors of the Group have, since announcing their intention on 24 April 2015 to remove approximately GBP3m of Loan Notes that were originally granted to Graham Read and Andy Collins in October 2008 from issue have taken advice from specialist advisors and are satisfied that they now found a way of achieving their objective that will not have an adverse effect on the Company.

The Directors accordingly announce that at the AGM of the Company to be held at 11.00 a.m. on 29 June 2016 at the offices of DAC Beachcroft LLP, 100 Fetter Lane, London EC4A 1BN, resolutions will be proposed to give the Company and the Directors authority to the convert all or part of the remaining Loan Notes into founder shares of GBP1 each ("Founder Shares").

The Founder Shares will not be quoted on any exchange or carry a right to vote or to receive a dividend. The shares will carry the right to receive, collectively first an amount equal to the amount of Loan Notes swapped into Founder Shares by which the consideration arising on a sale by shareholders in Group attributable to Connaught Access Flooring Limited and/or Mountfield Building Group Limited exceeds GBP20m.

A copy of the Circular and Notice of AGM will today be posted to shareholders of the Company and will be made available on the Company's website at www.mountfieldgroupplc.com.

As Graham Read and Andy Collins are directors of the Group, the issue of Founder Shares is a Related Party Transaction under the AIM Rules. The independent directors, comprising Peter Jay and Adrian Sainsbury, consider, having consulted with WH Ireland Limited, its nominated adviser, that the terms of the transaction are fair and reasonable insofar as the Company's shareholders are concerned.

Contacts:



Mountfield Group PLC 01268 561 082
Andy Collins, Chief Executive Officer

WH Ireland Limited 0207 220 1666
Paul Shackleton
James Bavister
This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCQDLBBQQFZBBV

(END) Dow Jones Newswires

June 07, 2016 02:55 ET (06:55 GMT)

[annonymous2] 07/6/2016 07:59

Some might argue profits small for market cap but guessing next set of results
or one after will show real benefits. Could be a small version of STY etc etc

[jakleeds] 07/6/2016 07:58

The Group's operating profit was increased from GBP74,385 in 2014 to GBP203,895 in 2015 with CAF continuing to be the principal driver of the Group's revenue and profits (with a PBT of GBP467,428 against GBP240,885 in 2014) and continues to be a leader in its field.

MBG's transformation, which followed the extensive rationalisation that was completed in April 2015, into a construction company with a substantially reduced cost structure and a business strategy that limited its choice of contracts to those where consistent margins are paired with low risk. It is now trading profitably and has excellent prospects and it was only the effect of two legacy contracts that were taken on in 2013 and 2014 under the previous strategy that prevented it from recording a profit in 2015. Excluding these two legacy contracts MBG would have produced an operating profit of GBP400,285 in 2015.

So group operating profit would have been close to £900k had it not been for the two legacy projects. Hopefully some decent volume today to get rid of the seller. And a tip or two won't harm it either!!

[lauders] 07/6/2016 07:57

Following requests from clients, efforts are under way to extend the range and nature of the products that the Company supplies and installs to others used in the fit-out process.

In addition, MBG is retained to undertake building fabric repair and maintenance works on a nationwide basis for a large proportion of the property portfolio of a leading telecoms operator.

Two parts that make nice reading for me at any rate.

[mikeh30] 07/6/2016 07:22

""The shares will carry the right to receive, collectively the first GBP2.3m of the amount by which the consideration arising on a sale by shareholders in Group attributable to CAF and/or MBG exceeds GBP20m.""

[molatovkid] 07/6/2016 07:12

Very, very upbeat RNS this am !

[mikeh30] 01/6/2016 14:52

It could be someone has got wind of the results and has started buying. Let's face it, AIM can spring a few leaks

[jakleeds] 01/6/2016 14:29

Looks like the next leg up could be starting after a week or two of consolidation perhaps.

Wonder if our seller will reappear

[annonymous2] 01/6/2016 14:24

About time but not complaining

[jakleeds] 01/6/2016 14:22

And another ??

[jakleeds] 01/6/2016 14:20

250k buy a few seconds ago, but not budged the price yet ...