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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Mount Eng. | MOU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 82.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 82.50 |
| Top Posts |
|---|
Posted at 11/11/2010 18:19 by masurenguy MOU was listed on AIM at 70p three and a half years ago and has now been acquired by Coopers at 82p and will subsequently be delisted in 3 weeks time.RNS Number : 6310V Mount Engineering PLC 04 November 2010 Notice of Cancellation of Admission to Trading Cooper Controls (U.K.) Limited announced today that all of the conditions of its recommended cash offer to acquire the entire issued and to be issued share capital of the Company (the 'Offer') had been satisfied or waived and, accordingly, the Offer was declared unconditional in all respects. Cooper Controls also announced that as at 1.00pm (London time) on 3 November 2010, it had received valid acceptances in respect of a total of 21,377,419 Mount Shares, representing approximately 91.13% of the existing issued ordinary share capital of Mount (excluding Treasury Shares). In accordance with the terms of the offer document dated 8 October 2010, Mount has applied for the cancellation of the admission to trading in its ordinary shares on AIM. It is anticipated that cancellation of admission to trading will be effective from 7.00 am on 3 December 2010 with the last clear day of trading on 2 December 2010. The Offer will remain open for acceptance until 1.00 pm on 12 November 2010. THREAD IS NOW CLOSED |
Posted at 22/9/2010 13:45 by masurenguy MOU will be acquired by RHL at the very same price as their original IPO in July 2007 ! |
Posted at 22/9/2010 07:48 by rivaldo Hi Mas. I've been vaguely following MOU for ages - this price looks like a bargain for the purchasers to me, as I can see MOU's markets turning up nicely at some point.Trouble is I'm a bit nervous about some of RHL's markets, so it isn't really for me at present despite this acquisition. Oh well, back to GNG then! |
Posted at 22/9/2010 07:17 by masurenguy A comparatively short timeframe as an independently public quoted company !RNS Number : 0922T Redhall Group PLC 22 September 2010 RECOMMENDED CASH OFFER BY REDHALL GROUP Plc FOR MOUNT ENGINEERING PLC SUMMARY The Boards of Redhall and Mount are pleased to announce that they have reached agreement on the terms of a recommended cash offer for the entire issued and to be issued share capital of Mount (excluding Treasury Shares). It is intended that the Offer will be implemented by way of a public offer under the City Code. * Under the terms of the Offer, Mount Shareholders will receive 70 pence in cash for each Mount Share. The Offer values the whole of the currently issued share capital of Mount (excluding Treasury Shares) at approximately GBP16.42 million in aggregate. * The Offer Price of 70 pence per Mount Share represents a premium of approx: 26.13% over the Closing Price of 55.50 pence per Mount Share on 21 September 2010, being the last Business Day prior to the date of this announcement; and 24.35% over the average Closing Price of 56.29 pence per Mount Share for the six month period immediately prior to the commencement of the Offer Period. The Mount Directors, who have been so advised by Charles Stanley, consider the terms of the Offer to be fair and reasonable so far as the Mount Shareholders are concerned as a whole. RNS Number : 0819T Mount Engineering PLC 22 September 2010 Unaudited Interim Financial Statements for the Six Months Ended 30 June 2010 Trading conditions in the first half of the year have continued in line with the last six months of the last financial year. Compared to the six months to 30 June 2009 we have seen a 7% fall in sales to £4.6 million (2009: £5.0 million), in addition there was a 1% reduction in gross margin and a 3% fall in operating margin. Cash generation continued to be excellent, with operational cash flow of £1.4 million (2009: £1.6 million). Net cash at the end of the period stands at £2.4 million (2009: £0.62 million) after the payment of a final dividend for the year ended 31 December 2009 of £0.33 million. Gross margins in the first half declined by 1% to 52% primarily due to increasing copper prices and increased competitiveness in the oil and gas market. Overhead expenses are relatively fixed, however excluding foreign exchange gains, they continued to benefit from across the board cost savings with a slight overall reduction of £0.05m. Operating profit margin decreased to 27% versus 30% prior year. Trading in the second half of the financial year ending 31 December 2010 has continued very much in line with the first half. The directors are of the opinion that Mount's markets remain resilient and the Group continues to experience stability both in terms of profitability and cash generation. Performance improvement in the second half of the year will be dependent on the timing of an upturn in demand from the international oil and gas markets. At this stage it is too early to be confident that activity levels will return to the levels of 2008 before the end of 2010. |
Posted at 07/4/2010 10:55 by masurenguy Share price has marginally declined since last months results which were quite reasonable given the fall in sales. Fairly illiquid so one sell of 4600 shares today can push the price down by 3.5%.Currently on an historic PER of 7.5 but with cash in the bank and no net debt. Still watching but no position here yet. .................... RNS Number : 7529I Mount Engineering PLC 18 March 2010 Turnover for the year of GBP9.3m (2008 GBP11.8m) has generated an operating profit of GBP2.9m (2008 GBP3.25m), equating to 30.8% of turnover (2008 27.6%) and basic earnings per share of 8.2 pence per share (2008 8.9 pence per share). As at the year end, the Group had a strong balance sheet position with cash balances of GBP4m and net cash of GBP1.76m, (2008 GBP3.8m and GBP0.5m respectively). The Board intend to propose to shareholders the payment of a final dividend of 1.4p per Ordinary share, which, if approved at the AGM, will be paid on 2 June 2010 to shareholders on the register at 14 May 2010. Total dividend for the year is 2.4 pence per share (2008 2.3 pence per share). Outlook Although the Group experienced a relatively buoyant start to 2009, order intake gradually declined and stabilised at a lower level. However, prompt action taken by management in respect of the supply chain positioned the Group to improve margins despite the lower turnover, such that Mount is well placed to benefit from any upturn in demand later in 2010 and beyond. With short term visibility of its own order book, Mount relies on a number of external indicators to assist in forecasting its own activity. Indicative levels of capital spend from major oil companies, approval of major infrastructure projects, tender enquiry levels, and published forward order books of equipment manufacturers are all reviewed. As a supplier of late cycle products in respect of the installation of electrical equipment in new capital projects, the timing of any benefit to Mount from increased sales is also an unknown variable. Routine maintenance and refurbishment of older facilities provides a more and reoccurring immediate benefit to the Group. In summary, our key indicators show our sales have stabilised. Y Reduction in Turnover of 20% Y Operating Margin 30.8%, up from 27.6% Y Cash balances at year end of GBP4,033k Y Net Cash at end of year of GBP1,709k Y Increased final dividend 1.4p per share Y Satisfactory start to new financial year |
Posted at 28/9/2009 07:36 by masurenguy RNS Number : 7177ZMount Engineering PLC 28 September 2009 Unaudited Interim Financial Statements for the Six Months Ended 30 June 2009 Six months to 30 June 2009 Six months to 30 June 2008 Year to 31 December 2008 (audited) £000 £000 £000 Revenue 5,000 5,831 11,778 Gross profit 2,658 2,910 5,529 Operating profit 1,512 1,610 3,257 Profit before tax 1,417 1,530 3,071 Basic earnings per share (pence) 4.3p 4.4p 8.9p Diluted earnings per share (pence) 4.3p 4.4p 8.9p Net cash/(debt) 618 (188) 534 Turnover reduced by 14% Improved gross margin 53.2%, up from 49.9% Operating margin 30.2%, up from 27.6% Positive operational cash flow of £1.6m Interim dividend of 1p per share maintained We continue to seek new avenues for expanding both our sales network and product ranges. Whilst there is little evidence to suggest that the group's primary oil and gas related fabrication markets are seeing an increase in capital projects, we remain focused on controlling inventory and costs. Overall, the Group has made a steady start to the second half of the year and results remain broadly in line with full year market expectations. |
Posted at 22/9/2009 00:50 by masurenguy After the crash last September I held back from making any further new investments into more small caps unless they had plenty of cash. Don't really know anymore about the directors beyond what you've posted above. I have subsequently added a few new companies over the past few months but am still on the sidelines here.I think this is a solid and well managed business and the current eps of circa 9p puts them on a PER of just over 6 at the current share price - probably fairly valued in current market conditions. They also pay a dividend which yields around 4% at the moment. Looks like they will maintain a similar level of sales and pretax profits as last year which is no mean achievement at the moment. This is well below most peoples radar as 19 posts in 18 months clearly indicates. I view them as a potential future equity component in my SIPP - a steady plodder with hopefully a rising yield but not really a hotshot candidate with significant capital appreciation potential. O/T: A more recent new investment last month was Cryo-Save (CRYO), a market leader in stem cell storage. The share price then shot up after they announced 3 weeks ago that would list on Euronext in the new year. They subsequently posted a good set of interims last week. I think that there is considerable future mileage in this 'embryonic' sector (excuse the pun) and you might like to check them out. Would be interested in hearing your views if you do ! |
Posted at 21/9/2009 18:28 by wilmdav MasurenguyDo you hold these? I've been having a look at them. Only one executive director, Stanham the CEO but NEDs McClue and Davies currently hold 3%-4% of shares each, mostly acquired at flotation. Stanham and McClue have worked together at other companies for years. Non ex chairman Ainger, accountant with plenty of experience in O&G sector. Davies, the third NED (age 49 at flotation) seems to be a professional NED with 35 current positions! Holding company based in York with 11 personel but all businesses are in either West Midlands or Suffolk. Have you picked up any information about them apart from what is in RNS and company reports? |
Posted at 10/4/2009 10:31 by masurenguy RNS Number : 0985P Mount Engineering PLC 19 March 2009 Results Turnover for the year of GBP11.8m (2007 GBP5.4m) has generated an operating profit of GBP3.25m (2007 GBP1.45m), representing 27.6% of turnover (2007 26.7%) and basic earnings per share of 8.9 pence per share (2007 5.4 pence). The Group has net cash at the year end of GBP0.5m. The Board intend to propose to shareholders the payment of a final dividend of 1.3p per share, which, if approved at the AGM, will be paid on 3 June 2009 to shareholders on the register at 8 May 2009. Total dividend for the year is 2.3 pence per share. Outlook The final quarter of 2008 saw a considerable reduction in the oil price but this appears to have stabilised during the early part of 2009. The Board does not believe that there is a direct link between oil price movements and the current level of Mount's business. The Group's performance in the first quarter of 2009 has been in line with management's expectations, however the uncertainty created by the general economic conditions is beginning to be noticed in the order levels flowing through from our distributors. As we have no direct link with their end customers it is difficult to gauge the individual reasons behind these changes. Many of the fabrication contracts they supply have long gestation periods, typically 1-3 years, and the work can then be phased over several years, so any changes in client activity may be difficult to anticipate. The requirement to bring on stream replacement oil and gas reserves barely changes, despite the fluctuating nature of the oil price. Against this background, the Board anticipates that the market for its products will be less predictable than in previous years. The positive impact of new product developments successfully launched towards the end of 2008 should be felt in 2009. Colin Ainger Chairman |
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