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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Mount Eng. | LSE:MOU | London | Ordinary Share | GB00B1XH2205 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 82.50 | 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 | 82.50 | GBX |
Mount Engineering (MOU) Share Charts1 Year Mount Engineering Chart |
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1 Month Mount Engineering Chart |
Intraday Mount Engineering Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 11/11/2010 | 18:19 | Mount Engineering: Nuts & Bolts for Energy & Petrochem companies | 44 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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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 01/11/2010 16:07 by masurenguy Latest development !RNS Number: 3171V Cooper Controls (U.K.) Limited 29 October 2010 As at 1.00 pm on 29 October 2010 (being the first closing date of the Offer), Cooper Controls had received valid acceptances from Mount Shareholders in respect of 16,797,720 Mount Shares, representing approximately 71.61% of the existing issued ordinary share capital of Mount. These acceptances include the irrevocable undertakings to accept, or procure the acceptance of, the Offer from Mount Shareholders in respect of 2,287,106 Mount Shares representing approximately 9.8% of Mount's existing issued share capital (excluding Treasury Shares) that Cooper Controls announced that it had received on 4 October 2010. Cooper Controls is therefore pleased to announce that its Offer for Mount has become unconditional as to acceptances. The Offer remains open until 1.00 pm on 12 November 2010. Shareholders who have not yet accepted the Offer are encouraged to do so without delay. |
Posted at 20/10/2010 16:17 by masurenguy Deadline to accept Coopers offer is now 1.00pm on Friday October 29th !RNS Number : 4319U Cooper Controls (U.K.) Limited 14 October 2010 RECOMMENDED CASH OFFER FOR MOUNT ENGINEERING PLC Cooper Controls announced on 1 October 2010 its intention to make a cash offer to acquire the entire issued and to be issued share capital of Mount (excluding treasury shares) at the offer price of 82 pence per share.......Cooper Controls notes the announcement made earlier today by Redhall Group stating that its offer announced on 22 September 2010 for the issued and to be issued share capital of Mount has lapsed with effect from 13 October 2010 and is no longer capable of acceptance........ The Offer will initially remain open for acceptance until 1.00 pm (London time) on 29 October 2010. |
Posted at 07/10/2010 18:01 by masurenguy Redhall to back off and let bid lapse !RNS Number : 0301U Redhall Group PLC 07 October 2010 Update on the Offer for Mount Engineering plc The Board has noted the offer for Mount announced by Cooper Safety Limited on 7 October and the subsequent recommendation of the Mount Board. After due consideration, the Redhall Board has concluded not to increase its cash offer of 70p per share and the offer will lapse in due course. This outcome is disappointing given the complementary nature of Mount's activities, but we continue to seek earnings enhancing acquisitions that will provide the Group with critical mass in its core markets. |
Posted at 01/10/2010 07:29 by masurenguy RNS Number : 6800TMount Engineering PLC 01 October 2010 Response to statement of offer for the Company The Board of Mount Engineering (the "Board") has noted the announcement by Cooper Controls (U.K.) Limited, a UK subsidiary of Cooper Industries plc ("Cooper") on 1 October 2010 making a cash offer for the entire issued and to be issued capital of Mount Engineering at 82 pence per Mount share. As stated in the announcement by Cooper, pursuant to the terms and conditions of a non-solicitation and inducement fee agreement entered into by the Company with Redhall Group plc ("Redhall") the Board are at this time unable to make a formal recommendation of the Cooper offer for at least 5 days from receipt of the indication by Cooper that it intends to publically announce details of a formal offer for Mount Engineering, which was received by Mount on 30 September 2010. The Board does however note that the cash offer of 82 pence per Mount share by Cooper, represents a premium of 17.1% to the Redhall offer of 70 pence per Mount Share. In addition, the Board also notes that following the announcement of Cooper's firm intention to make an offer at 82 pence all Mount shareholders, other than the Mount Directors and certain other senior management of Mount (whose beneficial holdings of 2,131,834 Mount Shares represent, in aggregate, 9.09% of Mount's issued share capital) who have provided Redhall with irrevocable undertakings or Letters of Intent are no longer bound by such undertakings in relation to the Redhall offer. At this time the Board recommends that Shareholders take no action with regard to any offer for the Group. A further announcement will be made in due course. |
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 16/8/2009 17:41 by masurenguy Seems like the AGM statement spooked a few holders into selling with the share price falling by circa 35% over the next 6 weeks but the July trading update would appear to have provided some reassurance. The interims due at the end of September should be interesting.RNS Number : 9473S Mount Engineering PLC 28 May 2009 AGM Statement Mount Engineering Plc (AIM:MOU), the manufacturer and supplier of certified explosion proof fittings and supplier of valves and actuators, predominantly to the oil and gas industry, confirms that all the resolutions put to shareholders at the Company's Annual General Meeting held today were duly passed. Addressing the meeting, Colin Ainger, Chairman stated that as indicated in the preliminary announcement of the 2008 results on 19 March 2009, in the current economic climate the market for the Group's products would be less predictable than in previous years. The Company had a satisfactory first quarter and the Board anticipates that the first half results would be broadly in line with the prior year.It is now evident that customers are de-stocking across the Group's markets and consequently at this stage the Board anticipates that the outcome for the current year will be broadly similar to that of the prior year. ____________________ RNS Number : 1462W Mount Engineering PLC 23 July 2009 TRADING UPDATE & NOTICE OF INTERIM RESULTS Mount Engineering Plc ("Mount" or "the Group") today announces the following trading update for the six months to 30 June 2009 ahead of the announcement of its Interim Results on 28 September, 2009. The Board of Directors are satisfied with the progress of Mount in the first six months of the year and expect the Group results to be in line with the prior year first half. Cash generation in the period has been strong, leading to net cash of GBP618k at 30 June, 2009, (GBP534k 31 December 2008). Whilst current market visibility remains unpredictable, effective margin management and overhead cost control is maintaining profitability and cash flow and trading remains in line with full year market expectations. |
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