Mountfield Share Discussion Threads

[mikeh30] 12/7/2016 08:30

I'm not going to spell it out for you but the whole point of the restructure was increased profitability for MBG through contracts like the one. It's all in previous releases.As for the follow on contracts, why would they not continue their work into the next phases of the project? Yes it would have been nice for an extra 0 on the end but, as stated by MOGP, the large scale contracts will be provided by CAF. Keep eyes peeled.

[a2584728] 12/7/2016 08:25

Thats all a bit presumptuous, their is no such thing as guaranteed extra work and the margin will be their norm I expect as it will have been competitively tendered? Its a shame there wasnt an extra 0 on the value.

There wont be a trading statement for such a small value project.

[mikeh30] 12/7/2016 08:21

Further proof the restructure of MBG is paying dividends. £400k of what I can only presume is high GP work with pretty much guaranteed follow up work. Eyes peeled for CAF trading statement today or tomorrow

[mikeh30] 11/7/2016 12:36

https://s3-eu-west-1.amazonaws.com/document-api-images-prod/docs/V-1GQUZeyEbKb5unHThtKpa9wae4J175YpdNm9xbXSw/application-pdf?AWSAccessKeyId=ASIAI5DDTGZS436WYLYQ&Expires=1468236964&Signature=Ofo3%2FkBFzC4g43ri%2FXnsigx5y1Q%3D&x-amz-security-token=FQoDYXdzECsaDM5iT681GJ%2B3XYe%2BkCKcAyQk17Nl%2FBvZYQ8XTeTf%2F015PL0zPbLhvS4ISQtkkoutSN%2FMSD3I5%2F5Qsf9YvVynFIdFL9k9TnOMQI51rVGDPOOHwESONDntXwDp65l6bMfM06yr%2FxXzQnnLnrXgTJGkYTMmE4TXyKld5wZgSJKHhbmVv%2FGHARWbkflPCLOfwfjIkhy4CJoUq7iKIOXBoaO1NTN1GgndiKUhEC%2Fc7uYn64URdO2S6P9hO1%2FKz%2F4L9rVXbxkuhkArmV1bFb1PhJmWz63kA6OsHgoft6rOC6GrevkLzH9iXbQ5XoQ2no0XaZxc1kldAwWD895mSVNaNF7QKFg0DP6xJCIMq4uct5HjlzfN8XVpPyKGFg9oJgECcHzyUO30iWtGGW5M%2FeMpNvaRWTgExN92vnKf6KxTXgIG7FyCw3Zbt0MGaOArUd0tzNRBzhS981FrQijx%2FCMYzoFOBBMUhzvkUKOG6whUUpjEWwhjk3YdG0%2BaExlagqlE03Ezjw2Q7pqo5AV0K9LFH4spriOinkP2jHkG459QsRdp1JssjoWNH9C8aXaU%2F2QoxdeNvAU%3DYr ending dec 2014, Connaught access flooring has net assets of over £3m on its own.

[jakleeds] 08/7/2016 12:52

All quiet until the next update / piece of news I guess.

[mikeh30] 01/7/2016 14:02

Not yet. PF wise I'm quite heavy here so took some KENV instead.If it trends up some more I'll probably average up

[jakleeds] 01/7/2016 13:38

Did you top up Mike ?

[jakleeds] 01/7/2016 12:49

There was a bit of buying on the day of the agm so someone knows something possibly.

Contract announcements soon IMO

[mikeh30] 01/7/2016 12:31

Leaky leaky?

[jakleeds] 01/7/2016 12:23

Buyers in today....

[gozo] 29/6/2016 20:39

yep my post from earlier gone as well....?

Anyone attend the agm?

[jakleeds] 29/6/2016 18:38

Where have today's posts gone ?

Strange.

Anyway, as I thought, no update other than "..all resolutions duly passed.."

Which is obviously good because it means the loan notes have gone.

[jakleeds] 29/6/2016 18:29

Mountfield Group plc Result of AGM

29/06/2016 5:15pm

UK Regulatory (RNS & others)


TIDMMOGP

RNS Number : 7160C

Mountfield Group plc

29 June 2016

Mountfield Group Plc

("Mountfield", the "Group" or the "Company")

Result of Annual General Meeting

Mountfield, the AIM listed construction company specialising in building and refurbishing data centres, is pleased to announce that, at the Company's annual general meeting held earlier today, all resolutions were duly passed.

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

RAGEAXKNAFDKEFF

(END) Dow Jones Newswires

June 29, 2016 13:15 ET (17:15 GMT)

[gozo] 28/6/2016 14:52

If anyone on this board attends the agm tomorrow, some feedback on topics discussed would be much appreciated.

[mikeh30] 28/6/2016 14:01

£20m sale does seem the end game here.Agree that maybe the directors could pony up for confidence ....

[jakleeds] 28/6/2016 13:54

Despite their large holdings the directors should buy more shares if they are confident of the company's turnaround.

I guess the reason the shares haven't responded better to the recent improvement in trading etc is because there have been several false dawns in the past.

However this time they seem to have taken more decisive action than in the past - new CEO, head office reductions, new income streams (albeit smaller contracts), closure of the loss-making division. And of course, the Founders Shares provide the added incentive for management to really make this work this time.

And I hope we get a statement tomorrow , not just "resolutions have been passed.."