Mountfield Share Discussion Threads

[a2584728] 27/9/2016 21:03

It was a genuine thought is all not meant to wind anyone up. I have been here since 4p and find it all very frustrating

[gozo] 27/9/2016 20:55

I'm not going to bite......Frankly I think that post speaks for itself.

[a2584728] 27/9/2016 15:16

I'm afraid MOGP are destined to drift below a penny, they have not buoyed the share price with the recent numbers, no mention of new contracts and a really uninteresting company with very little growth potential.Needs to be swallowed up by someone else or somehow raise some cash of their own to increase the size of the company.I have no confidence in the senior management any longer

[mikeh30] 21/9/2016 09:42

827k buy and 120k buy on ISDX. Someone picking up chunks

[a2584728] 21/9/2016 08:28

This company will not get support from the market until we have changes at the top. Either that or they need to acquire something that can contribute to the size of the business

[lauders] 20/9/2016 14:34

Well had a better chance to look at the results and I have highlighted the positive areas below (bold). Seems like quite a lot of bold to me, so perhaps I will hold and perhaps even top-up when funds permit. I can see it being a bit boring here though!

-- Gross profit of GBP1m (H1 2015: GBP1.1m) on revenue of GBP4.9m (H1 2015:
GBP7.3m).
-- Group margins increased from 14.8% (in the first half of 2015) to 20.8%.
-- Net profit before tax increased from GBP246k (in the first half of 2015) to GBP316k.
-- Directors expect the performance to continue in the second half of the year.
-- The business of Connaught Access Flooring Limited ("CAF" or "Connaught") continues to cement its position as a market leader.

-- Mountfield Building Group Limited ("MBG") is now able to achieve sustainable profitability.
-- Neither Company has seen a post-Brexit decline in business activity.
Andy Collins - Group CEO said:

"The results are particularly satisfying because they show that the Board's key objectives of establishing Connaught as a market leader in the raised access flooring market and positioning MBG on a path of sustainable profitability, have been met.

It is very encouraging that demand for the services of the Group Companies have not been reduced since the Brexit vote and the state of activity that we saw ahead of the vote has continued undiminished."

Chairman and CEO's Statement

The first half of the year saw an increase in the unaudited pre-tax profits of the Group from GBP245k to GBP316k and the Directors expect the improvement in net profits to continue in the second half of the year.

The Directors are satisfied that the market remains strong and they do not see any reduction in demand for the services of the Group companies following the Brexit vote.

CAF achieved a profit of GBP397k during the first half of 2016 (H1 2015: GBP321k). The key feature of the period was the completion of its GBP5m + contract for flooring at a new City HQ building. The successful completion of this contract has cemented its position as one of the very few companies able to undertake access flooring contracts of this nature. This is evidenced by the record volume of tenders for the supply and installation of raised access flooring for prestigious new developments in and around London. Conversion of even a small proportion of these tenders will provide a significant contribution to turnover over the next 2-3 years.

The smaller contract business of CAF also continues to perform well.

CAF has already begun to expand its management team to enable it to handle a larger and more varied workload and has appointed a marketing development director whose role will be to increase awareness of CAF and its businesses amongst main contractors, developers and architects.

MBG's net profits increased for the half-year from GBP46k in 2015 to GBP71k and the Directors now believe it is able to achieve sustainable profitability because of its reduced operating costs and altered business strategy. The Directors anticipate that the second half of the year will see an improvement to its net profit over that achieved in the first half of 2016.

MBG now primarily undertakes contracts of a low risk nature, direct for its clients in various areas of specialist construction including the construction of data centres, commercial and residential properties. This strategy together with the reduced overheads has enabled it to operate profitably.

Its remains the intention of the Group to extend its business activities and continue to explore acquisition opportunities in the market.

Now if we can just get a few tips and more importantly contracts things should move nicely!

[mikeh30] 20/9/2016 13:43

As I said early this will be flagged somewhere, probably a snippet in the mail.Not many small cap companies on AIM can claim sustainable profitability. If H2 continues as strong as we think it will with another purchase order or two for MBG and a couple of tender awards for market leader CAF, we should be looking at a full year PBT of around 700-800k. All it takes is one big contract by CAF which is hinted at quite strongly today to get this recognised. BUY

[a2584728] 20/9/2016 13:30

Some press would help I suspect

[king kong dong] 20/9/2016 13:10

The curse of being in early is waiting for everyone else to catch up....

[jakleeds] 20/9/2016 13:00

Another 350k buy. Someone seems keen.

[jakleeds] 20/9/2016 12:03

That 'record number of tenders' will translate into juicy contracts soon as well.

[mikeh30] 20/9/2016 11:58

Agreed, new base etc.This will get tipped in the mail in the next week or so which will get things moving

[lauders] 20/9/2016 08:12

Not going to set the market alight but hopefully a new base on which to build for the patient. Whether I will be patient is another matter altogether!

[jakleeds] 20/9/2016 07:25

Agreed, Mike. A big improvement in margins following the restructure. A few juicy contract wins and 3p won't be far away imo.

I expect contract announcements very soon too.

[mikeh30] 20/9/2016 07:19

They have done what they set out to do and have mentioned sustainable profitability.Even better they have not blamed brexit for anything.My stance remains buy. See what the next trading statement reads

[a2584728] 20/9/2016 07:14

Well an improvement but not as good as everyone was expecting IMHO.

[mikeh30] 19/9/2016 17:11

Is say so too. Even after that trade buy limits were still restricted and were bidding over.Results tomorrow?

[jakleeds] 19/9/2016 16:41

There we are. I reckon that 375000 is a delayed buy.

[a2584728] 19/9/2016 15:42

I still think they need new management, I am still a seller of they go higher and have not added here.

[mikeh30] 19/9/2016 15:31

And he thinks MOGP needs new management as well bla bla etc etc . He's obviously taken some hence the switch.Only £1750 available online to purchase at 1.46.Anyone fancy it?

[gozo] 19/9/2016 15:27

Thought you were a seller here!!

[mikeh30] 19/9/2016 14:30

Kingspan use them often to install for them. They have a history of acquisitions too and are looking for further. Look at the latest contract win for Kingspan too. Flooring in the Middle East.

[a2584728] 19/9/2016 14:26

I think if anyone was to come in for them it would be either a fit out company or competitor, I think Kingspan are one of the biggest in this arena, maybe one of the bigger fit out company's maybe interested???

[mikeh30] 19/9/2016 14:15

A whiff of a takeover approach here and it's going to fly.Remember when they converted the loan notes there was a clause in the event of a sale of over £20m

[a2584728] 19/9/2016 13:22

No trades yet. 12% rise? Someone knows something about the numbers.