Mountfield Share Discussion Threads

[mikeh30] 11/3/2019 07:56

Sounds good but you are correct cash generation is key

[shanklin] 11/3/2019 07:53

Sounds positive. Just a shame MOGP never seem to comment in TSs as to their net cash/net debt.

[a2584728] 11/3/2019 07:52

You would think this would take us through 2p but I have a feeling it won't

[rivaldo] 11/3/2019 07:24

Terrific stuff. A £3.8m m/cap is looking slightly ridiculous now given:

- minimum £864k PBT
- record £10m order book
- MBG has tripled its order book to £7m in just a year (from £2.3m)!
- confidence for 2019 - and beyond

[jakleeds] 11/3/2019 07:21

I would be surprised if we don’t see any contract announcements later this week.

[cheshire man] 11/3/2019 07:20

Very pleased with that :-)

[molatovkid] 11/3/2019 07:17

Like it a lot...company doing great

[jakleeds] 11/3/2019 07:08

TIDMMOGP

RNS Number : 3816S

Mountfield Group plc

11 March 2019

11 March 2019

Mountfield Group Plc ("Group")

and its Subsidiaries, Connaught Access Flooring Limited ("CAF") and

Mountfield Building Group Limited ("MBG")

Trading Statement

Mountfield Group Plc, the AIM quoted commercial flooring and specialist construction services company, is pleased to provide an update on its financial year to 31 December 2018 ahead of commencing its audit.

Highlights


-- The Group improved strongly upon 2017 performance.
-- 2018 also saw the Group achieve a record turnover.
-- Demand for the Group's services is outperforming the general sector.
-- The Group's secured order book is at a post-Admission record high level.
-- The Directors expect another strong performance in 2019.
The Group's Performance in 2018

The Directors are pleased to be able to report, based on the unaudited management accounts, that:

-- the Group's turnover for the accounting year of 2018 will exceed that of the year to 2017 and therefore it will be the highest recorded in any accounting year since its Admission to AIM in 2008; and

-- the Directors are confident that the net profit before tax for 2018 will exceed GBP864k - the figure achieved in the year ended 31 December 2017.

Whilst much of the construction industry has been impacted by the unresolved Brexit negotiations, the Group has continued to experience buoyant demand for its services. This is reflected in the increase in the value of the Group's secured work at this point of 2019 as against that of the previous year.

In the Trading Statement of 27 March 2018, the Directors reported that the Group "had [orders secured] for 2018 [of] GBP8.8m, a record high for the Group at this point of the year." As at the end of January 2019, the value of work secured stood at GBP10m, another new high for the Group.

The Directors have highlighted two features in particular of what was a very satisfactory year for the Group:

-- that CAF had another year of growth and further enhanced its position amongst the elite in its sector. Its order book currently stands at c. GBP3m; and

-- that MBG continued to increase its level of profitability. With the increased demand for its services from leading telecoms companies on data centre projects and associated works it is particularly well positioned for future growth. The significant progression of MBG's business is underlined by the value of its secured order book currently standing at GBP7m; the value at 27 March 2018 was GBP2.3m.

The Directors are confident that, with the record amount of work secured at this point of the year and the demand for its services remaining high, the Group will produce another strong performance during 2019.

About the Group

Admitted to AIM in 2008, the Group is comprised of MBG and CAF, two companies that specialise in aspects of the construction and refurbishment of data centres and telecoms infrastructure.

MBG provides specialist construction services primarily to telecommunication and IT clients and provides the fitting out and refurbishment of data centres, switch sites and IT equipment rooms. In addition, the company provides fit-out and refurbishment to the wider commercial office sector.

CAF supplies and installs specialist raised access flooring systems for data centres and commercial offices and remains one of the very few contractors trusted to deliver the largest contracts in the market.

The clients of both MBG and CAF are primarily of a blue-chip/multi-national standing.

The Group benefits from the fact that the contracts that MBG and CAF enter into with clients are often multi-stage and potentially continue for a period of years or are part of a client's long-term programme that offers the prospect of work over a period of a number of years.

The sectors of the construction industry in which MBG and CAF operate have in general recovered strongly over the last few years and the Directors are confident that its clients will require the continued provision of the services provided by the Group for the next few years, at least.

Andy Collins, Group CEO commented:

"We are delighted that the Group performed so well in 2018. Both CAF and MBG delivered the strong performance that the Directors expected and we believe that the quality and strength of the Group's client base will result in further projects secured and continued growth.

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



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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

[dplewis1] 11/3/2019 07:08

Nope..TU out and sounding very bullish. Strong demand for services even with Brexit, great stuff.

[jakleeds] 11/3/2019 07:07

Excellent statement , and on a Monday morning rather thab a friday like they did once before !!

[a2584728] 07/3/2019 13:27

Another false dawn.

[threeputt] 07/3/2019 13:27

That's right, I sold on that mini spike as I felt I'd made a bad purchase and glad I sold, something doesn't smell right here

[dplewis1] 07/3/2019 13:18

The trading update didn't happen then..

[dave4545] 26/2/2019 11:04

100k bought yesterday no move

100k sold today bid drops instantly

:-))

[dave4545] 19/2/2019 14:21

1.47-1.6p

Hardly a inviting spread

[a2584728] 19/2/2019 12:49

Don't be surprised the other way either you short selling oik

[likitorma] 18/2/2019 21:53

Won't be surprised to see massive drop on trading update. With brexit uncertainty.

[a2584728] 18/2/2019 13:08

Still think this will be de listed for the benefit of the BOD

[jakleeds] 18/2/2019 11:33

All buys so far today - how much longer can they hold it ...?

[dave4545] 18/2/2019 10:10

There you go the mm's have sold that stock on already for a nice profit.

150k left online 1.5425p next buy should see a tick up

[euclid5] 15/2/2019 18:32

It all depends on BN's to be honest & who is writing it up. Don't think they are that bad at all, just gets into the wider investment crowd. It will help if they issued one so pi's can see the potential sales to market cap & how cheap this is trading

[tarlok] 15/2/2019 16:04

thanks ,im learning fast ,its us against the mm lol

[dave4545] 15/2/2019 15:24

This is the whole market. ..people buy all together then by the next day if no interest they all sell again the mm's love it...transfer of wealth

[tarlok] 15/2/2019 15:16

hi ,thanks ,still think its strange for a rush of just a few sells, share price drops , looks like only MM made money ,not all those private sells at just above 1.5p ,cheers

[alphapig] 15/2/2019 14:30

No offence but yeah, a stupid question, if you can't work out the buys and sells then do dummy trades yourself, the colour of the trades don't mean anything, just that they've been below the mid of the advertised spread.