Mouchel Share Discussion Threads

[the_beagle] 13/12/2011 12:32

DRH The moment M and G announce they have finished selling down, we could hopefully see a decent bounce. There must be recovery funds out there giving us a look-over and if they see what I see there could be some decent buying to clear the overhang. Similarly a cheeky bid is nt out of the question.

Today's small buyers have been allerted by something.

[skinny] 13/12/2011 12:10

pikey - thanks.

[deanroberthunt] 13/12/2011 12:05

someat is brewing the beagle, but could just be a bounce after falling more than 50% in a couple of weeks.

[the_beagle] 13/12/2011 08:24

A bit of buying in £500-£2500 lots this morning. Have we been tipped somewhere?

[pikey01] 13/12/2011 06:53

Skinny, that cut and paste was from 2010, not 2011

[skinny] 12/12/2011 17:42

Or even a simple grasp of the facts - "The share price of business services firm Mouchel has halved over the last year"

[dealy] 12/12/2011 17:31

just goes to show the analysts haven't got a clue

[deanroberthunt] 12/12/2011 13:54

The share price of business services firm Mouchel has halved over the last year, and shareholders may be ruing the board's decision to reject a 294p per share offer from sector peer VT Group, but Numis Securities thinks the company could be about to turn a corner.

Accentuating the positive Numis observs that Mouchel "has attractive leading market positions and it is operating within its covenants." The company is comfortable with net debt of around £85m for the year to July 2011 and in case of emergency there is always the prospect of selling off some of its sought after assets. Numis suggests the Water business, for instance, could be sold for £30m although the sale would dilute earnings in the short term.

On the downside, Numis says there are still doubts on forecast earnings for next year (the company is declining to give guidance), while the effects of the company's restructuring plan and the effect of public sector spending cuts not yet known. The company is also still on the lookout for a new finance director (FD), which adds to uncertainty.

Nevertheless, the broker has upgraded the stock from "hold" to "add", with a price target of 175p. "We are buyers on weakness as we believe shareholder pressure will increase to deliver value and that the assets are strategically attractive," Numis analyst Francesca Raleigh said.

Meanwhile, Panmure Gordon is sticking with its "buy" recommendation after having a chat with Mouchel's management, though it has reduced its target price from 210p to 190p to reflect new uncertainty for the group in the wake of Wednesday's trading update.

"The Mouchel share price has been very weak of late and the valuation is at the low end of the range. The shares continue to offer a 4% dividend yield, which we believe is attractive in the current climate. Medium-term the structural revenue drivers remain positive for the group," Panmure analyst James Cooke believes.


What a difference a year makes.

[deanroberthunt] 12/12/2011 13:03

unless it's a hostile bid....

[deanroberthunt] 12/12/2011 13:00

problem is, since shareholders rejected a bid at more than 10x the current value, they would appear worse than stupid for now accepting one much lower...so a new bid is now entirely unlikely.

[deanroberthunt] 12/12/2011 12:59

Costain were prepared to pay £119m for this, after due dilligence, now the company is valued at £9m and falling.....either Costain want their heads examining or this is materially undervalued....or the situation has markedly deteriorated since the bid....

[pikey01] 09/12/2011 14:56

Don't be too hard on yourself mate - your post wasn't *that* bad ;-)

[dealy] 09/12/2011 14:53

that wasn't politics. that was immaturity and stupidity

[pikey01] 09/12/2011 14:11

Mouchel is suffering because the [old] BOD were wrong.

Wrong about HBS, wrong about Hedra, wrong about their accounting practices, wrong about so many things it beggars belief.

Don't fall into the trap of blaming "the government" for this shambles.

There are a good many companies, well run, which are going to make a lot of money during this "austerity period". Time will tell if the new BOD can make mouchel one of them.

As for your political outburst, I think you need a different BB to post that stuff. IMO.

[dealy] 09/12/2011 14:02

so jarvis, connaught, southern cross, rok (?) and now mouchel (more or less) all went under due to government cut-backs.

Cameron made a fool of himself today throwing his toys out of the pram at the EU summit. He better hope the UK doesn't need a bail-out because the Europeans are furious at the UK for their tissy-fit this morning.

[deanroberthunt] 09/12/2011 12:22

and they are not entirely wrong.

[dealy] 09/12/2011 12:20

market is basically saying that that there is no value for the equity.

[deanroberthunt] 09/12/2011 11:08

8.24p now...and falling

[bobby.ifa] 09/12/2011 10:26

£2.60, and now 8,5p to sell, unbelievable management negligence.

[magpie99] 08/12/2011 23:17

I would recommend the fund manager gets down of his or her high horse and actually talk to the staff who actually do the work on the ground. They then may get a very different opinion of the particular company concerned.

When I heard VT were offering £2.60 for this company, I thought what folly they are commiting, they really need to be able to see through management talk.I would have told VT to firmly keep their hand in their pocket.

I have the benefit of working in the industry and first hand knowledge of many companies in this field.

I really do hope that the new Chairman turns this Company around. Its possible!

[dealy] 08/12/2011 17:08

so true. turned down 160p and now taking 9p. how do these idiots get jobs.

[smelgys mum] 08/12/2011 17:05

URMSTONPUSHEADS ...is that right Beulah is charging £5 a trick?

[urmstonpusheads] 08/12/2011 17:03

....will the pus-heads be left holding the baby?

[broshm] 08/12/2011 16:46

wonder how many people are involved to make a decision to go to 7% from 8% ? what happens to all the cash when these mega companies loose 60/70 % of their value in a day or overnight ?

[the_beagle] 08/12/2011 14:11

Schroders selling down as well at c10p, after refusing a bid at 160p!

What a fantastic manager A B is.