Mountfield Share Discussion Threads

[dplewis1] 05/6/2018 08:08

2.10 bid..let's never see the 1's again please..

[jeevsje] 04/6/2018 22:06

Now is a good time to reiterate the notes from one of lse's poster.

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

[dplewis1] 04/6/2018 17:31

The market closed an hour ago.. :)

[a2584728] 04/6/2018 17:08

This is about to fly to 3p. Just watch this space

[mikeh30] 04/6/2018 15:12

Still waiting on another £1.1m contract from mbg before the results

[mikeh30] 04/6/2018 14:37

Only 150000 available at 2.216 then it's on to 2.43.Extremely well bid. 3p in sight

[mikeh30] 04/6/2018 14:18

2.216 on nex

[rivaldo] 04/6/2018 14:01

Great to see new highs here at last. It's ridiculous that it's taken so long.

The results should be terrific given that we already know there will be "a substantial increase to net profit achieved in the year".

But most importantly the outlook should be blistering given all the large contract wins for a business of this size (still only a £5m/£6m m/cap).

[cheshire man] 04/6/2018 13:11

Not long to wait mikhh30 Friday for Finals but DYOR on that

[mikeh30] 04/6/2018 12:59

Looking forward to seeing what the substantial increase in profit is.

[cjohn] 04/6/2018 12:01

I've been buying here over the last week at prices up to and just beyond 2p.

The winning of numerous valuable new orders and subsequent turnover increase is a clear catalyst for share price recovery. on trading grounds these look very cheap indeed.

[mikeh30] 04/6/2018 11:48

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 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.

[mikeh30] 04/6/2018 11:44

The Directors of Group are pleased to announce that 2017 saw a sizeable increase in Group's turnover and they expect, following conclusion of the audit, to announce a substantial increase to net profit achieved in the year to 31 December 2016

[the big fella] 04/6/2018 11:10

I agree, but this isn't a spike, more of a gradual rerating so I am much more confident these will get through 2p. Any hot money has long since departed. Those that are holding have been for some time and appreciate we are nowhere near true value. By all conventional valuations these are a steal at the current price.

[twistednik] 04/6/2018 11:01

Breakout and hold above 2p would be very significant. Hopefully decent results can provide enough volume and momentum to get it there.

[the big fella] 04/6/2018 09:48

Very happy with the way this is gradually re-rating. Hopefully establishing a firm foundation to enable the results to be the catalyst to break into a new trading range.

[cheshire man] 04/6/2018 09:27

Nice start to the week :-)

[jakleeds] 04/6/2018 09:02

Near to full ask being paid for just 100,000 shares

[owenski] 04/6/2018 08:31

M.cap still circa 5m

Contracts won in the last two months alone = 4.5m

[jakleeds] 04/6/2018 08:28

Results any day now ... will be the best for a number of years ...

[dplewis1] 01/6/2018 20:12

Got a decent price for them. Glad people are paying over 2p now. I've freed up a small amount of funds I'll probably take another clip on Monday just so I'm fully loaded for the results

[dan de lion] 01/6/2018 14:58

The 37k sell was me, closed a 45k T20 I had running.

[mikeh30] 30/5/2018 18:09

Results in the next 10 days. Still expecting 1 x £1.1m mbg contract

[molatovkid] 30/5/2018 09:51

Indicates a total lack of understanding of what this company is on the cusp of....