Mountfield Share Discussion Threads

[molatovkid] 12/6/2018 14:59

The Founder Shares will not be quoted on any exchange or carry a right to vote or to receive a dividend. The shares will carry the right to receive, collectively first an amount equal to the amount of Loan Notes swapped into Founder Shares by which the consideration arising on a sale by shareholders in Group attributable to Connaught Access Flooring Limited and/or Mountfield Building Group Limited exceeds £20m.

[jeevsje] 12/6/2018 14:57

Mikey, I still hold 550k in anticipation of a rerate. However, I think the point I make is a valid one. There is nothing stopping the directors from taking it private, is there? I only hope that they don't and we see the company rerate.

[mikeh30] 12/6/2018 14:56

I'm pretty sure 'reaping the benefits' would be taking the £3m founder shares conversion and sailing happily into retirement :)

[mikeh30] 12/6/2018 14:48

Yes you sold now have joined liki bla bla

[jeevsje] 12/6/2018 14:44

Surely, the directors would be better off just making an offer of 2p per share and take it private. Nothing to stop them taking it private at a low ball offer of even 1p and reaping the benefits themselves. Market clearly does not believe in them, judging by the market capitalisation.

[a2584728] 12/6/2018 11:05

Gonna bounce any minute

[the big fella] 12/6/2018 06:43

Another rise today and we are in breakout. Nothing of note on the chart until 3p. Based on those results and the year on year growth that would still be nowhere near true value.

[owenski] 11/6/2018 20:44

Hopefully the seller/sellers are about done, today's action must've absorbed quite a bit?

[gleach23] 11/6/2018 17:47

Encouraging share price action today and refreshing to see a recovery of the morning dip rather than an all day selloff of a spike which has accompanied results of late. Hopefully it also means we have frustrated buyers who were waiting for an extended dip that didn't materialise but who will now buy in. Looks to me like we closed at a 3.5 year high.

[twistednik] 11/6/2018 16:35

Held up nicely into the close - one more push and we're in breakout territory and blue sky to 3p

[the big fella] 11/6/2018 15:20

With a new Avatar.

[jakleeds] 11/6/2018 15:18

Disappeared like a fart in the wind ... she will be trolling some other thread no doubt

[molatovkid] 11/6/2018 15:11

conspicuous by his absence.....

[mikeh30] 11/6/2018 15:09

Not sure if liki is gonna win his bet of sub 1.6 finish on results day

[mikeh30] 11/6/2018 12:55

Like they have repeatedly said there's not many company's that can do what CAF can do and they can take on bigger contracts now the working capital position is better. There must be £10m + flooring contracts out for tender. MBG getting regular specialist work for the foreseeable future too.

[a2584728] 11/6/2018 12:49

13x would be fair and reasonable

[hatfullofsky] 11/6/2018 12:34

Bought in today, good results and PBT doubling in each of the last 2 years shows great consistency. Slow burner as not in a trendy sector but it could easily double on the back of these results and still be undervalued. Trading on a x5.8 multiple

[mikeh30] 11/6/2018 12:17

Surely mr 150000 didn't last 6 minutes ha

[jakleeds] 11/6/2018 12:05

And one of 150,000 at 2.17p....

[jakleeds] 11/6/2018 12:01

You are right Mike. Perhaps they will be tempted to do just that having released such a good set of results. Nice buy of just over 273,000 shares just gone through...

[mikeh30] 11/6/2018 10:13

If each of the directors buy a couple of million shares in the open market, that would put us in a new trading range immediately

[twistednik] 11/6/2018 09:31

Good results and momentum of contract wins - just needs to break all time high cleanly to remove final overhead resistance and could then move very swiftly.

[gleach23] 11/6/2018 08:31

Yes...can't even get a quote for 10k online now so hopefully that supply has been taken up

[tomboyb] 11/6/2018 08:27

Well - There is not much selling below 2p so i suspect with a few more buys this will go back up -