Mountfield Share Discussion Threads

[mikeh30] 22/5/2018 06:48

The Directors of Mountfield Group Plc are delighted to announce that one of MBG's principal clients has awarded it three new contracts with aggregate value of £2.4m as a further stage in the upgrade to the operational infrastructure of its property estate. The contract works will commence immediately and are expected to be completed in this current financial year. MBG has seen the value of orders from this client increase in value by 260% from 2016 to 2017 and in 2018 the client has placed orders with a value in excess of £4m which exceeds of the value placed in 2017. The Directors of Mountfield expect additional orders will be placed by the same client before the end of this financial year. Graham Read, MBG's Managing Director said: "We are extremely pleased to be awarded these latest orders and have done so as the client acknowledges MBG's ability to deliver contracts on time. I would like to thank our site teams for their substantial contribution to achieving these wins."

[molatovkid] 22/5/2018 06:47

1.8p - 2.1p showing on my screen

[molatovkid] 22/5/2018 06:47

No negativity now A.... https://www.investegate.co.uk/mountfield-group--mogp-/rns/contract-wins-of--2-4m-at-mbg/201805220700047918O/

[mikeh30] 22/5/2018 06:46

ADVFN broken. 2.4 mill contract wins for mbg

[a2584728] 22/5/2018 06:44

Where is the RNS ?

[the big fella] 22/5/2018 06:41

Maybe today

[jeevsje] 22/5/2018 06:39

If only this MF could clear 2p and retain the gains!

[wedward] 22/5/2018 06:34

Great another good contract. They seem to have a great working relationship with this client which as hinted will be positive in the future. looking forward to the results and for the share price to hold onto its gains!

[rivaldo] 22/5/2018 06:34

Great news - and likely more to come from the sound of it. Time for a re-rating.

[cheshire man] 22/5/2018 06:34

Excellent :-0))

[owenski] 22/5/2018 06:25

M.cap currently below 5m, with new contracts valued at half the M.cap.

[bio_tango] 22/5/2018 06:21

Investment case is even more compelling with the £2.4 million contract wins. Previous notes: Mountfield Group, Ticker: MOGP Current MCAP: £3.8million; Shares in issue: 254million; Shares not in public hands: 55% Area of Operation: Provider of flooring systems to main contractors and corporate end users Specialises in the nationwide installation of data centres and wind turbine projects Client List includes Vodafone, Mace, ISG Plc, Skanska, 2BM, McLaren, BP, HP, Linklaters, Merrill Lynch, Reed Smith, BBC, Standard Chartered Bank, UBS, Henderson Global and Unilever Diversifying customer base and more recently, been negotiating contracts overseas. Financial: Over £11million of contracts announced since August 2017 Net profit before tax for the first half of 2017 was £305k. Net profit for the period YE17 (12months) 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. Noticeable improvement to the Group's working capital position as they target higher margin contracts Other Notable Points: Directors hold a significant portion of the shares and hence, interest aligned with shareholders. Resolution to convert £3million of Loan notes to Founder Shares approved at previous AGM. Founder shares redeemable if aggregate consideration arising on a sale of company/entities, exceeds £20million. Board meeting with brokers to raise company profile and detail significant progress achieved since restructuring. Nice gap on the chart above 3p

[owenski] 22/5/2018 06:17

Try buying some of these today, need to buy these when it's quiet. That is a good lumpy contract :-)

[molatovkid] 22/5/2018 06:10

Getting ridiculous now (in a good way)....winning contracts more than half the market cap of the business. In fact, according to this RNS, ONE client has now awarded us contracts in 2018 worth approximately the entire market cap of MOGP. The market is so far behind the curve with this one....there is big money to be made buying now, but that window of opportunity is decreasing methinks. Sooner or later this will come to wider notice.....

[dplewis1] 22/5/2018 06:04

That's a lumpy contract for MBG

[dan de lion] 21/5/2018 08:19

Bought a little top up, 25,000 @ 1.7338p

[jakleeds] 21/5/2018 08:01

They’ll arrive. Results are only a few weeks away, in early June ...

[jeevsje] 21/5/2018 07:48

Seems that market makers are ready to let it tick up. Need buys though and someone who is willing to pay 1.9pence. Where are the buyers?

[jakleeds] 21/5/2018 07:45

Something’s happening definitely ... Should easily be over 3p based on what we know at the moment imo ...

[a2584728] 21/5/2018 07:43

New contract award ?

[molatovkid] 21/5/2018 07:38

I'm buying as many as I dare

[jeevsje] 21/5/2018 07:34

Buys going through on ISDX!

[rivaldo] 21/5/2018 07:12

Up to 1.7p on the bid now.....good start to the week.