Mountfield Share Discussion Threads

[rivaldo] 27/3/2018 07:24

Terrific RNS. You can't ask for more than that. And the outlook is truly excellent:

"Andy Collins, Group CEO commented:

"We are delighted with the Group's progress in 2017. With the current levels of activity within the Group and the record level of orders already secured for 2018, we feel optimistic that this year is likely to be the Group's best performing year for turnover for a number of years."

[molatovkid] 27/3/2018 07:17

Company clearly going from strength to strength.....great news. You can handle the ups and downs when you know its heading in the right direction.

[mikeh30] 27/3/2018 07:10

There were boredom sells. Simple as that.

[mikeh30] 27/3/2018 07:10

Now we have the start of the news cycle. There will be new contract wins as hinted building up to the final results, which will report a substantial increase in net profit.Back over 2p by then

[dplewis1] 27/3/2018 07:08

Wow, some badly timed sells this past week or two! Wonder if I can pick up a few more at the open..

[mikeh30] 27/3/2018 07:03

There you go - start of the news cycle

[jeevsje] 26/3/2018 21:02

Even if there is news, it spikes and drops.

[molatovkid] 26/3/2018 14:16

No news in 2018 has something to do with it....

[jeevsje] 26/3/2018 13:07

Amazing contracts but what about the share price? There has been a seller for months but at least, they were keeping the share price above 1.4p. Now even that support is broken and despite all the rampant posts, there are no buyers.

[jakleeds] 26/3/2018 10:47

Yep. It’s worth reminding ourselves of the contracts they are working on :

Mountfield Group plc Trading Update
Intraday Mountfield Chart

Intraday Mountfield Chart
23/11/2017 7:00am

UK Regulatory (RNS & others)


TIDMMOGP

RNS Number : 2931X

Mountfield Group plc

23 November 2017

23 November 2017

Mountfield Group Plc (the "Group")

And its subsidiaries Connaught Access Flooring Limited ("Connaught" or "CAF") and Mountfield Building Group Limited ("MBG")

Trading Update

The Board of the Group, the AIM listed commercial flooring and specialist construction services company, is pleased to provide a trading update for the year to date.

Following a review by the Directors of the Group's second half performance in 2017 and of the forecast revenue for the remainder of the year from contracts already announced, they advise that the net profit for the period is likely to exceed that achieved in both the first half of the year to 30 June 2017 and the second half of the year to 31 December 2016.

Since 30 June 2017, the Group has announced contract wins totalling GBP8.92m as follows:



Announcement of Contract Announced Contract Value (GBP) Subsidiary Expected Completion
09/10/2017 4,000,000 CAF October 2018
05/10/2017 1,020,000 MBG February 2018
02/10/2017 1,650,000 MBG March 2018
06/09/2017 750,000 MBG January 2018
29/08/2017 1,500,000 CAF September 2018
The Directors are pleased to advise that work has commenced and is on schedule for all of the contracts above.

Having successfully won a number of contracts in the second half of 2017 which are expected to be completed in 2018, the Group will enter 2018 on a stronger basis than this year. The Group's secured order book stood at GBP6.58m at the beginning of 2017 and of this, GBP6.08m had been won by CAF and GBP0.5m by MBG. It is expected the value of Group's secured work at the beginning of 2018 will total at least GBP8.1m. CAF will begin next year with secured turnover of GBP6.0m and MBG GBP2.1m.

Since the restructuring in 2016, the Group's emphasis has been on increasing margins and the minimisation of risk on contracts. Since then, there has been a noticeable improvement to the Group's working capital position as compared to previous years such that the Company can undertake larger projects within its existing financing facilities. Accordingly, the Directors do not require additional equity funding from the market.

The Board's strategy is to prioritise margins over turnover and the work won and under negotiation is at prices that accord with it. The trading climate remains extremely active and both MBG and CAF are involved in a number of tenders for work to be undertaken in 2018 and the Board believes that this level of activity will continue through to 2020 at least.

Andy Collins, MD of CAF and Group CEO said that:

"This has been a very good year for Mountfield and the repeat orders prove our ability to successfully deliver large and complex projects. As we near the year end, our secured work for 2018 is significantly above this time last year and we hope that we can continue to build on this year's success further."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact:



Mountfield Group plc 01268 561 516
Peter Jay, Chairman
Andy Collins, Chief
Executive Officer

Cairn Financial Advisers
LLP 020 7213 0880
Jo Turner / Tony Rawlinson

This information is provided by RNS

The company news service from the London Stock Exchange

END

TSTBTBTTMBATTLR

(END) Dow Jones Newswires

November 23, 2017 02:00 ET (07:00 GMT)

[mikeh30] 26/3/2018 10:33

People are only bored because of lack of news. This share is so cyclical it's unbelievable. Positive trading up date and loads of contract wins share price goes upMonths of silence share price goes downWe are currently in the months of silence stage. They should have completed several of their contracts now so should be able to start news ones. News cycle should start up again.Yes I'm tempted for some

[gleach23] 26/3/2018 09:49

jeevsje..."useless management"...could you please substantiate your point?

[jakleeds] 26/3/2018 09:18

He’s no longer in charge. Andy Collins is the gaffer now .

Mountfield Group plc 01268 561 516
Peter Jay, Chairman
Andy Collins, Chief
Executive Officer

[jeevsje] 23/3/2018 20:00

Anyone has the contact detail for Graham Read?

[jeevsje] 23/3/2018 14:09

Useless management. This got sold into every single rise.

[gleach23] 23/3/2018 13:01

350k available to buy @ 1.36 currently. Who'd have believed it a few months ago!

Due in no small part to that sale of 499k @ 1.30 no doubt.

[microscope] 21/3/2018 19:32

Agree with you Jakleeds, there almost must be news soon. It's slightly disconcerting that the last contract win announced was just before Christmas, though. I remain a lurker here as would prefer to see something concrete first, but the silence surely can't last too much longer

[jakleeds] 21/3/2018 09:24

Someone having a nibble this morning. Has to be news soon ...

[a2584728] 19/3/2018 09:38

What would you like to know

[molatovkid] 18/3/2018 22:34

I think its become clear a certain poster simply talks rubbish and doesn't know this company anyway near as much as they try and impress upon the rest of us.

[a2584728] 17/3/2018 12:40

Huge profits so far. Will be out at 100p and then £50k into CAB

[dplewis1] 17/3/2018 11:25

Net loss then? Top trading!

[a2584728] 17/3/2018 08:32

And L3E at 48

[mikeh30] 16/3/2018 23:37

Nearly as good as his prediction to buy dfx at 160p

[dplewis1] 16/3/2018 17:05

Did you get a receipt for that crystal ball? I do so enjoy a failed prediction.