Mountfield Share Discussion Threads

[dan de lion] 30/6/2020 12:54

Odd, 329,195 bought at 08.30 and then sold at 12.30

[a2584728] 30/6/2020 08:29

This will de list very soon at a discount to where we are now. Saves the management team 250k pa in listing fees alone

[likitorma] 29/6/2020 22:35

Lack of numbers for this year are concerning. I reckon they need to raise. Question is at what price. They could announce a contract and raise off the back of that.

[shanklin] 29/6/2020 18:10

No idea why the RNS did not just detail the numbers instead of being deliberately vague

[alan@bj] 29/6/2020 16:46

So then, if the non-CV-19 element was (say) £250K, that will be appear in the 2019 accounts, and the remaining £70K would be in the 2020 accounts?

[likitorma] 29/6/2020 14:07

Dan, not exactly true. Only part of the £350k is being recognised in the 2019 numbers. Remainder will be in this year's. Anyways, better to concentrate on what has happened instead of what could have been.

"However, it is now clear that a substantial contract that has recently been completed, resulted in a loss on the project in the region of £320,000. The element of this that is not COVID-19 related should be reflected in the accounts to 31 December 2019 as an onerous contract in accordance with IAS 37 and the above figures reflect the Board's current estimate of the position. "

[dan de lion] 29/6/2020 13:47

With my feeble maths, a £320k loss on a contract, where I would have thought there should have been a profit of maybe £320K, actually gives us a hit of £640K on the years profits,

So the profit would have been nearly £1.5 million instead of £850k!

[likitorma] 29/6/2020 13:14

We are in June. Worth asking oneself why we haven't been provided with any preliminary numbers for quarter 1 or quarter 2. RNS are vague with no numbers for this year.

[susiebe] 29/6/2020 12:35

I was going to sell my few shares bit after reading the RNS several times I will hang on and wait for better days!There is still hope,and I can be very patient. The Board is hopeful that contracts that the Group expected to sign and those that are currently being tendered for will be resurrected in Q3 and Q4 of 2020 and that this will provide a good flow of work for Q3 and beyond.

[likitorma] 29/6/2020 11:41

Gleach, the problem is that they are working to such tight margins that any hit to income will quickly translate to cash flow issues. As per my post on Sunday, they are relying on 1 or 2 clients for majority of turnover. Long term, this is not looking good at all; I guess why they keep mentioning keeping an eye on cash level.

[gleach23] 29/6/2020 11:30

It's certainly curious that something that is not Covid-19 related has suddenly come to light between the April update and today that makes such an impact on last year's result. It looks like a profit impact of around £275k, or a 25% hit. Surely they must have had wind of this in April?

I'm continuing to hold but this update certainly seems to take the wind out of the sails of the previous couple of years positive momentum and the optimism over 5G data centres.

Pretty cheap shots there btw buywell3

[shanklin] 29/6/2020 09:28

For whatever reason, management are not prepared to give us a clear view of what is going on. So its like investing in a random number. Could do well or could go into administration. All IMHO.

[molatovkid] 29/6/2020 09:13

Bouncing back !!

[owenski] 29/6/2020 09:01

Held this over a year ago and sold, it never worked out, good job too, what a disaster of a stock.

Seems it's yet another bargepole illiquid stock.

[likitorma] 29/6/2020 08:50

I reckon they will have cash flow issues, due to the lowering margins and hit on turnover. Question is whether they need to raise and what price will they gtmer away with.

[buywell3] 29/6/2020 08:46

buywell thinks it is good to discuss negatives also




rivaldo 7 Jun '19 - 14:55 - 3206 of 3450

Holding nicely in the run-up to results which should reflect "buoyant demand" and the directors' expectation of "another strong performance in 2019".

Incidentally, which Twitter investors are into MOGP now?


rivaldo 14 Jun '19 - 12:07 - 3251 of 3452
0 2 0
Cheers re the article on Cube Investments. Particularly useful re the improvements in working capital and cash flows.

The writer values MOGP conservatively at £7m, which would roughly be around a 2.8p-3p share price.


battlebus2 14 Jun '19 - 22:23 - 3255 of 3452
0 5 0
I’m very happy with the steady progress here, from increased profits to the balance sheet and cash, I don’t think we need to rush into dividends just yet. The bullish outlook should see a step change over the next few years. Happy to hold or add on weakness. I’m a little surprised to see mostly sells today, it’s hard to see what some folks need from results to hold a little longer. 😂

[molatovkid] 29/6/2020 08:45

90% of businesses have been COVID affected and many have put issuing their accounts back also. So this is to be expected.

Short term there will be some headwind but I expect the company to do well longer term. 5G ain't going anywhere and as they were expecting plenty of work from that rollout then I would imagine things will improve.

[dave4545] 29/6/2020 08:36

Only winners here are the mm's

800k at 0.4p and 200k at 0.5p..and then people start buying at 0.64-0.7p talk about ridiculous profit margins for the mm's

Almost impossible to beat them atm in this market

[shanklin] 29/6/2020 08:35

Painful but I'm out. After that RNS, I (we?) have no idea whatsoever what is going on.

[a2584728] 29/6/2020 08:32

Bunch of clowns imho. Using CoVid to reduce the figures. MBO and de listing all at a discount I suspect. Naughty if they do that now

[molatovkid] 29/6/2020 08:28

The wait goes on....

[likitorma] 28/6/2020 21:24

CJohn, they are relying on 1 or 2 clients for the majority of the revenue. Dig deeper and you will see the storm that could hit them.

Construction 2018 2017
Customer 1 6,085,230 2,161,106
Customer 2 1,099,488 493,127

Fit-out 2018 2017
Customer 1 6,135,556 3,074,037

[cjohn] 27/6/2020 14:25

So tell us what your feelings are based on?