Mouchel Share Discussion Threads

[rayteuptetash] 22/3/2012 11:26

Seems to be relentless selling today. I will be glad to see next Thursday (at least I hope I will be)

Best to switch off

[whoppy] 22/3/2012 11:07

mm's seem to pay over the bid a lot of the time. Bid 10.75p yet they don't mind paying +11.0p

[taxislags] 22/3/2012 11:04

someone's got an order in at 11p. Same 'someone' who picked up the 600k the other day I reckon.

Who's bailed then?

Results soon............

[whoppy] 22/3/2012 11:04

pikey, Eh?..are you saying the JV is of no use to Mouchel and doesn't make a contribution. Surley London Borough Councils with £1.8Bn to spend shouldn't be ignored.

[crosswire] 22/3/2012 10:49

Still heading south...

Single digits with results!!!!

[rayteuptetash] 22/3/2012 10:29

Hmmm maybe a private placing at these prices? Would not necessarily be a bad thing with any positive results.

I wish Costain would make another bid with all that spare dough they have lying around

[dugganjoe] 22/3/2012 08:17

nobody wants the debt. administration and buying debt free is bang tidy

[htrocka] 22/3/2012 06:30

I've worked on many IRV projects in and around London bridges,(London Eye) wharf work, culverts Thames 'dolphins' and various other infrastructure projects.....why are they not on the list? ...Theres no question of them not having the capability.

[whoppy] 21/3/2012 21:11

Mouchels have qualified for this.

10 shortlisted for £1.8bn London highways work
Aaron Morby | Wed 29th February | 11:10


Transport for London has shortlisted 10 contractors for a £1.8bn package of road maintenance work over the next eight years.

The London Highways Alliance Framework will carve Greater London into four regions to win big operational savings.

New contracts will cover both road maintenance and new build schemes, and for the first time, have the scope to cover all roads in London.

Shortlisted bidders

Amey
Balfour Beatty Living Places
Ringway Jacobs
Colas/Volker Highways/URS Scott Wilson
MGWSP (May Gurney – WSP)
EnterpriseMouchel
FM Conway/AECOM
Skanska Construction UK/ Project Centre
Costain/Murphy/Capita Symonds
Bam Nuttall/Hyder Consulting

A third of London's boroughs have already signed up to the contracts, with the hope that all will eventually get on board.

Dana Skelley, Director of Roads for Surface Transport at TfL, said: "The Capital's road networks are the arteries and veins that keep the city moving.

"By having highway contracts which can be used by all London boroughs, we can not only deliver greater efficiencies in terms of cost and disruption, but also work together more closely to trial innovation and improve the road network for all."

The new contracts are expected to be awarded at the end of the year. After that all work will be carried out to a common specification to allow sharing of resources and use of the same basic materials.

The winning contractors will also be required to pay the London Living Wage, take on local apprentices and help tackle any skill gaps within local workforces.

Contractors and subcontractors will also need to be active members of TfL's Freight Operator Recognition Scheme (FORS).

This ensures all vehicles weighing more than 18 tonnes are fitted with side guards, blind-spot warning devices and appropriate rear signage to minimise the risks to vulnerable road users.

[whoppy] 21/3/2012 20:30

Costain has £600M acquisitions war chest

15 MARCH, 2012 | BY MARK HANSFORD

Costain bosses have insisted that the firm's vision of becoming a true one-stop-shop for infrastructure clients remains a top priority after announcing it has a £600M war chest for major acquisitions.



The contractor now earns 25% of its revenue from support services work following the purchase last year of oil and gas specialist ClerkMaxwell and industrial firm Promanex.

Finance director Tony Biggerstaff said that the contractor was committed to increasing this proportion further in the next 12 months.

"We've got a range of things we're looking at," he said. "And we've got the resources."

Bickerstaff was speaking after revealing results for the year to 31 December 2011 that showed the firm with a £140M net cash balance and with banking and bonding facilities increased to £465M and extended to September 2015.

"We have a clear strategy of acquisitional growth," he said, adding that the drive to grow organically and by acquisition to broaden Costain's services across consultancy, construction, operations and maintenance will remain a "key priority" in 2012.

Chief executive Andrew Wyllie said that the strategy was already paying off, with the firm boasting a record order book of £2.3bn, 90% of which is coming from repeat orders from key clients.

"What we're doing is broadening our skills and capabilities so we have what our clients are demanding we have. Our big customers are demanding that we can work with them from concept stage, through design and construction and into operations and maintenance."

He cited the firm's recent £500M contract win to rebuild London Bridge station for Network Rail. It beat off several joint ventures to carry out the work alone, although it is being supported by having Hyder as its lead designer.

"Ten years ago we would have been sharing that job with four or five other contractors. Here it is all for Costain."

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Crumbs £600M. Didn't realise they had that much money. Must have their eye on something and I would doubt there are many who can compete with that sort of war chest.

[knigel] 21/3/2012 20:24

Thanks Sunday Times for your help in knocking a third off the share price in three days....however personally I was thinking the share price looked a bit toppy and now the share price is looking oversold...13-14p is fair value until results imo

[crosswire] 21/3/2012 17:19

Bounce tomorrow!!!

17.5p to 10.25p in 3 days.......

[dugganjoe] 21/3/2012 17:12

10 for 1 placing at 3p wont do much

[salpara111] 21/3/2012 16:58

As someone with holdings in Interserve and Costain I have been watching Mouchel closely.

I have not invested as the company themselves made it clear at the end of last year that they would need to restructure their balance sheet.

Personally I dont see a debt for equity as they are in a better position now. I expect some sort of rights issue, the problem with that is that with the current low share price there will be a lot of dilution involved. I keep an eye on them as there may be an opportunity once the dust has settled. Having said that one note of caution, since Costain got in trouble over 5 years ago the share price has gone virtually nowhere while it has slowly rebuilt the business.

[narindg] 21/3/2012 15:52

I could not take a risk.. happy to do a little trade .. in at 10.79 and out at 11.55 - good luck

[narindg] 21/3/2012 15:44

this share is difficult to work out .. it falls really big and then the next few days its trodding up wards..

[dugganjoe] 21/3/2012 14:20

debt for equity swap is the risk

[whoppy] 21/3/2012 14:03

Buy of 600,000 @ 11p..someone see's it as a good buy. £66k.

[rayteuptetash] 21/3/2012 13:58

Something must have leaked as the drop has been massive.

Just have to wait and see now

[howdlep] 21/3/2012 13:50

If the company raise money at 10p look on it as a result!

However, the real problem is that those taking part in a fundraising may well be shorting the shares, knowing they can re purchase them when the fundraising is announced. Its a win, win for them.
The same also applies to a debt for equity deal.

Dilution is far better than wipeout for current holders.

[whoppy] 21/3/2012 13:47

the idea is we need to work our way out of recession which includes investment in infrastructure and creation of jobs that's what was said by the chancellor.

[pikey01] 21/3/2012 13:32

Just watched the whole thing whoppy, and no mention of anything which will assist mouchel.

It seems they dug the hole themselves and will need to dig their way out of it again.

[whoppy] 21/3/2012 12:54

Budget this afternoon may show support and investment for infrastructure..so more opportunities for Mouchel. Part of the strategy maybe to merge the business with a renegotiation of banking facilities which would enable payment by the new entity. No doubt the near term debt will be paid down to avoid forfeit of the conditions at the end of July. Can't see them doing solely a debt for equity swap. Not sophisticated enough to warrant getting in the new management team. The old one could of done that, so don't see the point.

[rayteuptetash] 21/3/2012 12:12

red army

that's my thoughts.....but we could be wrong