Mountfield Share Discussion Threads

[gleach23] 07/10/2019 10:41

Couldn't resist topping up this morning. 8% off seemed a bit steep on top of the recent drift which often occurs between results here.

[shanklin] 18/9/2019 07:56

Balance Sheet continues to strengthen. Current Assets - Current Liabilities improved to -364k from -1075k a year earlier.

[soundbuy] 18/9/2019 07:40

Yep............not gonna blow the lights out but with some grim numbers in the construction sector of late a fairly robust performance......

[a2584728] 18/9/2019 07:39

Good results. Where next. Trade sale maybe

[molatovkid] 18/9/2019 07:33

Steady as she goes then, slight improvement in the numbers and healthy order book...with a strong 2nd half to come by the looks of things

[someuwin] 18/9/2019 07:10

18 September 2019

Mountfield Group Plc

Half-yearly report to 30 June 2019

Mountfield Group Plc ("the Group"), the AIM listed commercial flooring and specialist construction services company announces its half-yearly report to 30 June 2019.
-- Net profit before tax for the first half of the year was GBP719k (2018: GBP695k).
-- Turnover increased from GBP8.87m to GBP9.14m over corresponding period.
-- The Board anticipates an improved performance for the whole of 2019 over 2018.

The value of the Group's secured order book is higher than the same point last year at GBP10.85m.

Peter Jay (Non-Executive Chairman) and Andy Collins (Group CEO) said:
We are pleased to report that the improvement in the Group's performance and profitability that we have seen over the last few years has continued into the first half of 2019. Net profits for the period are similar to the figure achieved in the corresponding period of the previous year. The Board expects the results for the full year to show improvement on those for 2018.

Connaught Access Flooring Limited and Mountfield Building Group Limited are both performing strongly and have a combined order book of GBP10.85m and both companies are in the process of negotiating or tendering for substantial new contracts.

Mountfield Group Plc (the "Company" or "the Group") Half-yearly report to 30 June 2019

Connaught Access Flooring Limited ("CAF")

CAF has had a good first half of the year with turnover of GBP3.9m (2018 - GBP5.1m) and a profit before tax of GBP502k (2018 - GBP392k) generated during the period reflecting improved final margins on larger contracts.

CAF continues to be a market leader in its sector and has a proven track record of successfully delivering some of the largest contracts in the raised access flooring market.

Mountfield Building Group Limited ("MBG")

MBG has had another strong six months following on from a very good year last year and has generated profits before tax in the first half of the year of GBP356k (2018 - GBP456k). Whilst turnover increased to GBP5.2m from GBP3.8m, over the corresponding period last year, lower margins are anticipated on some of the larger contracts.

This increase in turnover has been achieved by continuing to successfully deliver projects to its clients including those major contracts that have previously been announced.
Group

The Board anticipates the Group performing well in the second half of the year and also CAF and MBG securing further business that will ensure a strong platform for 2020.

[dan de lion] 13/9/2019 08:45

I added some more yesterday.

[gleach23] 12/9/2019 15:47

Nice to see the solitary buy today. However it ought to be compulsory for all companies to announce the dates for Interims and Finals in advance imo though - it's no wonder these spike in the first half hour of trading on days when good results are announced :)

[dan de lion] 10/9/2019 11:15

To be fair MOGP actually state that 5G work will not materialise until 2020, but they are also bullish on the work that they continue to accrue without it, only stating that in the future 5G work should be substantial and with a ten year life span.

[norbert colon] 07/9/2019 11:00

It's understandable to tread quite cautiously here as data coming out from the UK construction sector is clearly not very rosy. The 5G work they hope to pick up will also not materialise until 2020.That said, MOGP have a strong order book and some long standing clients.The outlook will be key in these results as ever.

[alan@bj] 07/9/2019 09:00

Same here, I doubled my holding on August 22nd, paying 1.69p. Fingers crossed for decent results.

[norbert colon] 07/9/2019 07:41

Although no specific mention of their Eurodek raised access floor product that MOGP are an approved installer for.I've cautiously added to my holding this week ahead of results which are due sometime this month.

[alan@bj] 06/9/2019 17:15

SIG's announcement today isn't helping.

[dan de lion] 06/9/2019 10:46

Opened up down this morning for no apparent reason, has not shifted despite two buys totaling 350,000?

[a2584728] 05/9/2019 13:44

Will announce potential sale I think

[alan@bj] 22/8/2019 10:24

About a month until the half year report if consistent with last year's announcement date. Should see a decent rise then.

[dan de lion] 22/8/2019 09:14

MOPG had a T/O of £16.2 million last year, it entered this year with a £16.4 million order book, They pick up lots of none notifiable contracts alongside their big wins, the board was very confident of future work as 5G rolls out.

In these uncertain times MOGP looks like a must have share.

[dan de lion] 30/7/2019 19:13

It was an uncrossing trade(UT).

[gleach23] 30/7/2019 16:40

Noteworthy trade reported after the bell. 500k @ 1.77 which, judging from the fact that 125k were sold @ 1.72 earlier in the day, may well have been a buy.

[sharesoc] 16/7/2019 11:41

There is a detailed report on Mountfield's recent AGM which can be found in our members area here:

To access the report, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here:

Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the report (and reports on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here:

[rivaldo] 12/7/2019 09:16

Great report NC, thanks.

I agree someuwin's comment about the lack of research coverage. Either or both of a start of coverage by the likes of Edison and meetings with PIs via Mello or Sharesoc for example would be a good start.

The m/cap remains just £4.7m, with over 50% owned by the Board. It shouldn't take much attention to lift the m/cap by the 50% which would result in the more realistic £7m valuation as suggested by NC.

[someuwin] 11/7/2019 21:48

Cheers Norbert. Good report.

I would suggest another way they could help the share price up would be to arrange some broker coverage.

[gleach23] 11/7/2019 18:29

Thanks very much for writing up NC. I had decided on Mon evening to go to the AGM before soon realising that I hadn't sorted out my Letter of Representation with AJ Bell....doh. Perhaps next year.

Very glad to read of no plans to delist.

[norbert colon] 11/7/2019 16:28

https://storage.ning.com/topology/rest/1.0/file/get/3275568644?profile=originalAGM notes for ShareSoc members.