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MCHL Mouchel Group

0.975
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mouchel Group LSE:MCHL London Ordinary Share GB0031696858 ORD 0.25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.975 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.975 GBX

Mouchel (MCHL) Latest News

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Mouchel (MCHL) Discussions and Chat

Mouchel Forums and Chat

Date Time Title Posts
01/12/201411:43Mouchel Parkman with Charts & News3,933
02/2/201218:38What's happening?10
26/1/201211:08BIG CONTRACTS ROCKET STOCK5
18/10/200610:50Mouchel Parkman109

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Mouchel (MCHL) Top Chat Posts

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Posted at 13/7/2014 07:08 by simon gordon
Sunday Times - 13/7/14:

MOUCHEL, the road repairs and outsourcing company swallowed by its banks during the financial crisis, is plotting a remarkable comeback that could value it at up to £500m.

Less than two years after investors forced it into administration by rejecting a token 1p-a-share offer, the company is believed to have appointed the investment bank Rothschild to explore a stock market float or trade sale.

Any deal, which is unlikely until the new year, will net hefty returns for its lenders - Barclays, Lloyds and Royal Bank of Scotland - which wrote off £87m of debt to seize control. About 20 senior managers, including the chief executive Grant Rumbles, are also in line for a windfall of up to £75m in shares for turning the company round.
Posted at 24/8/2012 14:59 by nathandc
However, on Friday Mouchel said shareholders had rejected the plan and that it expected to soon appoint administrators who would sell all of its assets to affiliates of its lenders and management.

How can the company be sold off to management they created this mess drove the share price down deliberately and miss managed the company
Posted at 06/8/2012 12:13 by bubble pricker
nathan, I nor I suppose anyone else invests solely on what they read on the boards. However, investment decisions can be influenced by what is written on the boards, because other posters may offer different opinions or point out aspects. Of course in the end, one makes one's own decision based on all the information available.

I would not disagree that what the BoD is doing here is disgraceful. They are clearly securing themselves their jobs and some stake in any potential future upside of the business. However, the equity in MCHL is worthless, no matter what deal is or isn't struck. An equity investment is risk capital and it comes last in the pecking order behind creditors and everyone else. If there is no value in the equity left then shareholders get nothing. That is the basis of equity investment.

As for the announcement of 11 June, if a company tells you that "there being only limited value for existing shareholders" you had better believe it. I have in the past 9 months shorted no less than 4 companies, including MCHL after such announcements, three of them to zero or near zero and MCHL to 1p. These short bets are a virtually guaranteed winner, because even after such "no value" announcements, the retail investors stubbornly believe that somehow some value will be realised and thus provide a shorting opportunity. Even now, someone is posting on this board that maybe a "predator" bid will come along.
Posted at 02/8/2012 17:13 by bubble pricker
nathan, if the shareholders vote against the deal, the company will go into administration and shareholders will receive nothing.

Why are all the shareholders on here complaining? You were told very clearly by the company in the RNS dated 11 June 2012:

"All the options being considered will result in there being only limited value for existing shareholders".

There was plenty of time to sell at 3-4 times the current share price.
Posted at 12/4/2012 15:02 by whoppy
Not really..as it is, this is at rock bottom and the PFI job was never in the share price ?G.Rumbles already made clear those type of 25 year contracts are not where Mouchel wants to go. It would have been nice if Carillion had won but MCHL would only have had a sub contractor role.

I think the more the sums get done the more a takeover becomes likely, unless the share price rises dramatically there is no way there are enough shares to issue to cancel out any debt.
Posted at 09/4/2012 14:15 by whoppy
Consolidation could only happen after the new issue of shares, so as to align with rights of existing shareholders and institutions. Otherwise a special resolution would be needed which existing holders would not vote for. Directors would be failing in their duties if they recommended a consolidation before any known dilution.

The other responsibility for management is to have consideration for the trustees of the Mouchel pension scheme which holds a significant amount of shares and has a seat on any decision making. Although no special powers, the trustees would be failing in their duty if they recommended anything that left the pension scheme in a either a worse off position or where members views were not taken into consideration. They are a big stakeholder and so legally members benefits need to be looked after.

The only realistic way out is the banks to remain supportive and for Mouchel to get back on it's feet through the new strategy and restructuring. The repayment of debt will not be immediate and the banks will have to wait like everyone else. They will have to convert the debt into equity at a future conversion price acceptable to the business based on it's current authorisation to issue shares and any future performance milestones agreed at the banks discretion. Converting the debt will remove it from the balance sheet and enable the company to get on with matters, although the share price will be suppressed below the conversion price until exercised but will leave plenty of headroom from today's share price for future company performance to be reflected. Short term there is no way for banks to get their money back without destroying the company.

Obviously if someone, or more than one, wanted to buy the company then value could be realised sooner. It depends how strategic an acquisition of Mouchel would be to any prospective buyer.
Posted at 29/3/2012 14:41 by whoppy
I still think someone is accumulating and the drop in share price has allowed them to get their average down.
Should they get to a 30% holding, they will have to make an official offer.
£4-5m would buy 30% of the company at a 12p average for 35M shares.
Buying 30% now on the cheap would enable an enhanced offer. Offering a price of £1 would cost another £79M. Paying down the debt, another £80M, and they end up with a debt free business worth much more than £165M paid.

Even at 50p take out, the whole business including debt would cost £125M if they accumulated 30% on the cheap. Costain have £600M for acqiusitions and must be tempted.

I think it is why the share price is being managed. It got too high for those accumulating and the repeated mentioning of debt for equity keeps the share price within a range for the buying.
Posted at 26/3/2012 22:28 by guru121
Mouchel Parkman Plc (MCHL.L)
16.75p
0.50 (3.08%) Thursday, March 15, 2012

MCHL.L is overvalued compared to its Price of 16.75p per share, has below average safety, and is currently rated a Hold.



Mouchel Parkman Plc (MCHL.L)






Business Svc (Consulting)








Company Information
Business: Mouchel Group plc, a consulting and business services group, supports primarily public-sector customer base in developing and managing their infrastructure assets in the United Kingdom and internationally. The company involves in the provision of highway engineering and management services; management of other professional services for local and central governments; and provision of services to utilities, rail companies, and other industries regulated by government.
Capital Appreciation
Value: Value is a measure of a stock's current worth. MCHL.L has a current Value of 0.82p per share. Therefore, it is overvalued compared to its Price of 16.75p per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates. Value increases when earnings, earnings growth rate and profitability increase, and when interest and inflation rates decrease. VectorVest advocates the purchase of undervalued stocks. At some point in time, a stock's Price and Value always will converge.
RV (Relative Value): RV is an indicator of long-term price appreciation potential. MCHL.L has an RV of 0.02, which is very poor on a scale of 0.00 to 2.00. This indicator is far superior to a simple comparison of Price and Value because it is computed from an analysis of projected price appreciation three years out, AAA Corporate Bond Rates, and risk. RV solves the riddle of whether it is preferable to buy High growth, High P/E stocks, or Low growth, Low P/E stocks. VectorVest favors the purchase of stocks with RV ratings above 1.00.



RS (Relative Safety): RS is an indicator of risk. MCHL.L has an RS rating of 0.61, which is poor on a scale of 0.00 to 2.00. RS is computed from an analysis of the consistency and predictability of a company's financial performance, debt to equity ratio, sales volume, business longevity, price volatility and other factors. A stock with an RS rating greater than 1.00 is safer and more predictable than the average stock in the VectorVest database. VectorVest favors the purchase of stocks of companies with consistent, predictable financial performance.
RT (Relative Timing): RT is a fast, smart, accurate indicator of a stock's price trend. MCHL.L has a Relative Timing rating of 1.29, which is very good on a scale of 0.00 to 2.00. RT is computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements over one day, one week, one quarter and one year time periods. Once a stock's price has established a strong trend, it is expected to continue in that trend for the short-term. If a trend dissipates, RT will gravitate toward 1.00. RT will explode from bottoms, dive from tops, and reflect changes in price momentum. VectorVest favors the purchase of stocks with RT ratings above 1.00.
VST (VST-Vector): VST is the master indicator for ranking every stock in the VectorVest database. MCHL.L has a VST rating of 0.88, which is fair on a scale of 0.00 to 2.00. VST is computed from the square root of a weighted sum of the squares of RV, RS, and RT. Stocks with the highest VST ratings have the best combinations of Value, Safety and Timing. These are the stocks to own for above average, long-term capital appreciation. VectorVest advocates the purchase of safe, undervalued stocks rising in price.
Recommendation (REC): VectorVest gives a Buy, Sell, Hold recommendation on every stock, every day. MCHL.L has a Hold recommendation. REC reflects the cumulative effect of all the VectorVest parameters working together. These parameters are designed to help investors buy safe, undervalued stocks rising in price. They also help investors avoid or sell risky, overvalued stocks falling in price. VectorVest recommends that investors buy high VST-Vector, Buy-rated stocks in rising markets.
OR
Stop (Stop-Price): Stop is an indicator of when to sell a long position or cover a short position. MCHL.L has a Stop of 11.11p per share. This is 5.64 belowp below MCHL.L's current closing Price. A stock's Stop is computed from a 13 week moving average of its closing prices, and is fine-tuned according to the stock's fundamentals. High RV, high RS stocks have lower Stops, and low RV, low RS stocks have higher Stops. In the VectorVest system, a stock gets a 'B' or 'H' recommendation if its Price is above its Stop and an 'S' recommendation if its Price is below its Stop.
GRT (Earnings Growth Rate): GRT reflects a company's one to three year forecasted earnings growth rate in percent per year. MCHL.L has a forecasted Earnings Growth Rate of -9.00%, which VectorVest considers to be very poor. GRT is computed from historical, current and forecasted earnings data. It is updated each week for every stock in the VectorVest database. GRT often foretells a stock's future price trend. If a stock's GRT trend is upward, the stock's price will likely rise. If GRT is trending downward, the stock's Price will probably fall. VectorVest favors the purchase of stocks whose GRT is rising and is greater than the sum of current inflation and interest rates, as shown weekly in our investment climate report.
EPS (Earnings per Share): EPS stands for leading 12 months Earnings Per Share. MCHL.L has a forecasted EPS of -0.50p per share. VectorVest determines this forecast from a combination of recent earnings performance and traditional fiscal and/or calendar year earnings forecasts.
P/E (Price to Earnings Ratio): P/E is a popular measure of stock valuation which shows the dollars required to buy one dollar of earnings. MCHL.L has a P/E of -0.34. This ratio may be deemed to be high or low depending upon your frame of reference. The average P/E of all the stocks in the VectorVest database is 23.15. P/E is computed daily using the formula: P/E = Price/EPS.
EY (Earnings Yield): EY reflects earnings per share as a percent of Price. EY is related to P/E via the formula, EY = 100 / (P/E), and may be used in place of P/E as a measure of valuation. EY has the advantages that it is always determinate and can reflect negative earnings. MCHL.L has an EY of -99.00 percent. This is below the current average of 4.32% for all the stocks in the VectorVest database. EY equals 100 x (EPS/Price).
GPE (Growth to P/E Ratio): GPE is another popular measure of stock valuation. It compares earnings growth rate to P/E ratio. MCHL.L has a GPE rating of -26.87. High growth stocks are believed to be able to justify high P/E ratios. A stock is commonly considered to be undervalued when GPE is greater than 1.00 and overvalued when GPE is below 1.00. Unfortunately, this rule of thumb does not take into account the effect of interest rates on P/E ratios. The operative GPE ratio of 1.00 is valid when and only when interest rates equal 10%. With long-term interest rates currently at 6.34%, the operative GPE ratio is 0.40. Therefore, MCHL.L may be considered to be overvalued.
Dividend Information
DIV (Dividend): VectorVest reports annual, regular, cash dividends as indicated by the most recent payments. Special distributions, one-time payments, stock dividends, etc., are not generally included in DIV. MCHL.L does not pay a dividend.
DY (Dividend Yield): DY reflects dividend per share as a percent of Price. MCHL.L does not pay a dividend, so it does not have a Dividend Yield rating. . DY equals 100 x (DIV/Price). It is useful to compare DY with EY. If DY is not significantly lower than EY, the dividend payment may be in jeopardy.
DS (Dividend Safety): DS is an indicator of the assurance that regular cash dividends will be declared and paid at current or at higher rates for the foreseeable future. MCHL.L does not pay a dividend, so it does not have a Dividend Safety rating . Stocks with DS values above 75 typically have RS values well above 1.00 and EY levels that are much higher than DY.
DG (Dividend Growth Rate): Dividend Growth is a subtle yet important indicator of a company's financial performance. It also provides some insight into the board's outlook on the company's ability to increase earnings. MCHL.L does not pay a dividend, so it does not have a Dividend Growth rating .
YSG (YSG-Vector): YSG is an indicator which combines DIV, DY and DG into a single value, and allows direct comparison of all dividend-paying stocks in the database. MCHL.L does not pay a dividend, so it does not have a YSG rating which is . Stocks with the highest YSG values have the best combinations of Dividend Yield, Safety and Growth. These are the stocks to buy for below current income and long-term growth.
Price-Volume Data
Price: MCHL.L closed on Thursday, March 15, 2012 at 16.75p per share.
Open:MCHL.L opened trading at a price of 16.75p per share on Thursday, March 15, 2012.
High: MCHL.L traded at a High price of 17.36p per share on Thursday, March 15, 2012.
Low: MCHL.L traded at a Low price of 16.29p per share on Thursday, March 15, 2012.
Close: MCHL.L closed on Thursday, March 15, 2012 at 16.75p per share. (Close is also called Price in the VectorVest system)
Range: Range reflects the difference between the High and Low prices for the day. MCHL.L traded with a range of 1.07p per share on Thursday, March 15, 2012.
p Change: MCHL.L up 0.50 from the prior day's closing Price.
%PRC: MCHL.L's Price changed 3.08% from the prior day's closing price.
Volume: MCHL.L traded 2,246,486 shares on Thursday, March 15, 2012.
AvgVol: AvgVol is the 50 day moving average of daily volume as computed by VectorVest. MCHL.L has an AvgVol of 3,084,200 shares traded per day.
%Vol: %Vol reflects the percent change in today's trading volume as compared to the AvgVol. %Vol equals ((Volume - AvgVol) / AvgVol ) * 100. MCHL.L had a %Vol of -27.16% on Thursday, March 15, 2012
CI (Comfort Index): CI is an indicator which reflects a stock's ability to resist severe and/or lengthy price declines.MCHL.L has a CI rating of 0.11, which is very poor on a scale of 0.00 to 2.00. CI is quite different from RS in that it is based solely upon a stock's long-term price history. VectorVest advocates the purchase of high CI stocks.
Sales / Market Capitalization Information
Sales: MCHL.L has annual sales of £551,000,000
Sales Growth: Sales Growth is the Sales Growth Rate in percent over the last 12 months. MCHL.L has a Sales Growth of -12.00% per year. This is very poor. Sales Growth is updated each week for every stock. It is often useful to compare Sales Growth to Earnings Growth to gain an insight into a company's operations.
Sales Per Share (SPS): MCHL.L has annual sales of 4.83p per share. SPS can be used as a measure of valuation when comparing stocks within an Industry Group.
Price to Sales Ratio (P/S): MCHL.L has a P/S of 0.03. This ratio is also used as a measure of valuation. Here, too, it is useful when comparing stocks within an Industry Group.
Shares: MCHL.L has 114,000,000 shares of stock outstanding.
Market Capitalization: MCHL.L has a Market Capitalization of £19,000,000. Market Capitalization is calculated by multiplying price times shares outstanding.
Business Sector: MCHL.L has been assigned to the Business Svc Business Sector. VectorVest classifies stocks into over 200 Industry Groups and 40 Business Sectors.
Industry Group: MCHL.L has been assigned to the Business Svc (Consulting) Industry Group. VectorVest classifies stocks into over 200 Industry Groups and 40 Business Sectors.
Posted at 21/3/2012 20:24 by knigel
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
Posted at 16/3/2012 23:27 by knigel
Asmith6893, I'm really bullish on MCHL at the moment. Any real evidence of a turnaround and the share price should get back above 50p. (which is my target before banking profits). It may take a while but I'm patience. Any takeover surely would have to be around this share price also and I bet any bidder will not wish to wait much longer if share price continues to head northue
Mouchel share price data is direct from the London Stock Exchange

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