Mountfield Share Discussion Threads

[mikeh30] 23/8/2016 11:07

Could get a piece of thishttp://www.kingspanaccessfloors.co.uk/News/Press-Releases/Kingspan-Panels-To-Be-Installed-At-No--1-SpinningfCAF are used by kingspan to install RMG600

[mikeh30] 22/8/2016 13:44

We are being patient :)

[lauders] 22/8/2016 13:26

Come on MOGP management. News this week please! Good news too please! Thank you ;-)

[lauders] 17/8/2016 12:46

Can't come soon enough jakleeds! It is dead money here at the moment. Patience is certainly needed!

[jakleeds] 17/8/2016 11:38

Interims soon. A reminder of some of the things they said at the finals in June:


Mountfield Group plc

07 June 2016
Key Features


-- Group moves back into profit
-- Connaught has another strong year
-- MBG shows the benefits of the overhaul of its business.
-- Both businesses looking strong for 2016.


2015 was a year of major positive change for Mountfield Group Plc ("Group"). Connaught Access Flooring Limited ("CAF") continued to perform extremely well and further strengthened its position among the small number of companies able to compete for the largest commercial flooring contracts.

("MBG") showed that it is on a sustainable and profitable path to recovery in 2016 and onwards.

The Group's operating profit was increased from GBP74,385 in 2014 to GBP203,895 in 2015 with CAF continuing to be the principal driver of the Group's revenue and profits (with a PBT of GBP467,428 against GBP240,885 in 2014) and continues to be a leader in its field.

MBG's transformation, which followed the extensive rationalisation that was completed in April 2015, into a construction company with a substantially reduced cost structure and a business strategy that limited its choice of contracts to those where consistent margins are paired with low risk. It is now trading profitably and has excellent prospects and it was only the effect of two legacy contracts that were taken on in 2013 and 2014 under the previous strategy that prevented it from recording a profit in 2015. Excluding these two legacy contracts MBG would have produced an operating profit of GBP400,285 in 2015.

So far in 2016 MBG and secured works totaling GBP3m and is involved in negotiations on a number of other works including those for its long standing client base.

The Group's highlight was clearly CAF's contract to supply and install 70,000 m2 of flooring at a new City of London HQ. The contract has proceeded well and is likely on completion to have produced revenue of GBP4m in 2015, with an additional GBP1.5m expected in 2016. In addition the Company has complimented the larger contracts by further developing its special works division, which produces strong margins. Combined with its core business CAF produced a turnover of GBP7.5m in 2015.


Due to the significant progress made by the Group Companies in 2015 and to date the Board is satisfied that both will perform strongly during the remainder of 2016 and in 2017. CAF is already involved in negotiations of large scale flooring contracts and MBG is trading profitably since the restructuring of its business.

[jakleeds] 11/8/2016 12:26

Been a period of consolidation. Results were on 7th sept last year so not long to wait now for some news. Hopefully some big contract wins too.

[lauders] 11/8/2016 12:12

These flat line bouts can get quite tedious. Hopefully the next leg will be up! Was hoping the news-flow here was going to be a bit more regular. Good thing it is only a token holding for me at the moment.

[jakleeds] 08/8/2016 15:39

Let's hope so. Could do with a statement of two...

[jakleeds] 08/8/2016 15:01

Let's hope so. Could do with a statement of two...

[mikeh30] 08/8/2016 14:59

ISG doing well at the moment.Potential work for CAF

[lauders] 02/8/2016 02:25

If there is an RNS it may stop him/her? Hopefully we will see a good RNS in the not too distant future!

[jakleeds] 01/8/2016 16:42

Another tick up. Will our seller appear first thing in the morning as he has in the past?

[jakleeds] 28/7/2016 08:31

The thing is , they've made all that apparent progress since they announced the restructure last year, including new, more profitable income streams.

Yet the price hasn't moved up.

[mikeh30] 28/7/2016 08:17

Interesting movement. Only 1 trade yesterday yet the ask has significant jumped, and again today.

[mikeh30] 27/7/2016 16:26

Only a matter of time before a CAF contract lands.All the clues are there.

[lauders] 27/7/2016 16:08

Hope so jakleeds. Taking its time to come!

[jakleeds] 27/7/2016 16:07

Nice bounce, after a period of consolidation.

News imminent ??

[gleach23] 25/7/2016 15:05

Plenty of stock on offer so there does still seem to be a seller about but this is around the bottom of the recent price range, hence the top up.

[a2584728] 25/7/2016 13:32

Gleach, very brave IMHO.

[gleach23] 25/7/2016 12:33

Noticed the offer has fallen to 1.35 so picked up a few more

[petersinthemarket] 25/7/2016 11:38

Interims in about 6wks

[jakleeds] 25/7/2016 11:09

Bored sellers pushing the price down again.

Said it before, and will no doubt say it again, but we need more news on contract wins and an update on trading in general.

[gozo] 12/7/2016 08:40

It's a big order for MBG.... hence the RNS