Mountfield Share Discussion Threads

[ileeman] 02/6/2017 10:45

Amazing how off the radar this is considering all the factors, BOD owning 50% is a huge buy signal, no placing, profitable, small cap.

Yet volume remains low, if this ever gets followed by the herd will go nuts.

[gleach23] 02/6/2017 10:41

Just 1k available to buy online now...

Edit - 1k is virtually nothing...would expect a pop up any time soon...

[mikeh30] 02/6/2017 10:38

No buy quote since your purchase. Holding it back?

[mikeh30] 02/6/2017 10:04

3p on my lower estimations 4p+ on highet

[ileeman] 02/6/2017 10:00

Bought another 50k. Lets get this above 2p :P

3p target assuming results are as good as we expect.

[gleach23] 02/6/2017 09:39

Available buy quantities tightening up online. There were 150k available 30 mins ago, now 120k...

[ileeman] 02/6/2017 09:39

Looks ready to pop


free stock charts from uk.advfn.com

[jakleeds] 02/6/2017 09:33

Just a 45k buy moved this up today, so there is clearly upwards pressure on the price.

Anybody on here wanting any more , may be the last chance under 2p

[jakleeds] 02/6/2017 08:46

Breakout today ?

[jakleeds] 01/6/2017 22:34

Good work Michael

[mikeh30] 01/6/2017 21:01

https://www.indeed.co.uk/m/viewjob?jk=a50e9b85f47f9c90&from=serp

[jakleeds] 01/6/2017 20:13

Talking about 'skin in the game' . You missed 'jakleeds : far too many shares, collected over the last 4 years'

😀

[mikeh30] 01/6/2017 19:03

Possible suitor - VCP.""Victoria has invested a significant amount of time and energy during the past year identifying further suitable acquisition opportunities within Victoria's existing markets and, importantly, Europe. The Group's banks continue to be very supportive and there remains considerable headroom in existing facilities. The Board is confident it will deliver another year of significant, earnings-accretive acquisition growth in addition to underlying organic growth.""

[mikeh30] 01/6/2017 18:26

Plus 'skin in the game'Graham Read - 83,520,000 ordinary shares - 32.85% of the issued share capitalAndrew Collins - 32,300,000 ordinary shares - 12.70% of the issued share capitalPeter Jay - 23,500,00 ordinary shares - 9.24% of the issued share capital

[mikeh30] 01/6/2017 18:20

Below are a few phrases picked from this year which show relevance. (Not included rebranding group and cancellation of loan notes in return for founder shares redeemed on sale of MOGP for >£20m"The Board has confirmed that it remains a medium term objective to begin paying dividends to shareholders and this will be assisted by the Board's announcement announced on 24 April that following on from the Strategic Review it had decided to restructure the Group's balance sheet by cancelling approximately GBP3m worth of the loan notes""The Group is financed from the cash it generates from its operations""The Board intends that the Group becomes a highly profitable, mid-sized operation that provides specialist construction services in a number of diverse but related areas.""In addition the Company has complimented the larger contracts by further developing its special works division, which produces strong margins.""The results are particularly satisfying because they show that the Board's key objectives of establishing Connaught as a market leader in the raised access flooring market and positioning MBG on a path of sustainable profitability, have been met.""Its remains the intention of the Group to extend its business activities and continue to explore acquisition opportunities in the market"

[interceptor2] 01/6/2017 17:45

Hard to project earning contributions from MBG, the full year results should be very interesting and will help to give us all an idea of the profit potential at MBG, I suspect the real benefit will be seen this financial year.

[mikeh30] 01/6/2017 16:56

I'm looking at CAF as market leaders as they have explained. They will drive the profits. Approx £650k. MBG could well be the surprise package. £400k per annum cost savings and no loss making legacy contracts could result in a nice surprise here.

[cfro] 01/6/2017 16:39

Some good informative posts today, thanks chaps.

[mikeh30] 01/6/2017 14:35

MBG"The annual resulting cost savings are expected to be in the region of around GBP400,000."

[ileeman] 01/6/2017 13:20

250k max and can sell way over bid.

Chart on the verge of a major breakout.

[mikeh30] 01/6/2017 12:35

IC 2 - have a look into the MBG side. CAF are the driving force and have always carried MBG as they have been traditionally loss making which has reversed this year.I'd estimate your figures to be accurate for just CAF

[mikeh30] 01/6/2017 12:33

And we only announced £177k last year so it's a sizeable increase even at the lower end which will move the price

[mikeh30] 01/6/2017 12:29

100% agree. My low end expectations are £635k pbt which is still superb. £1m is admittedly the higher end but don't forget those legacy contracts.

[interceptor2] 01/6/2017 12:19

mikeh30, interesting to see that you are thinking in the same way as myself when working out potential earnings.

After the positive update in March I made a similar projection.

H1 = £316k
Estimate for H2 = £424K

PBT = £740K - TAX 20% = PAT £592K, EPS =0.233p

Because they are H2 weighted and given the very strong trading update my figures could prove rather conservative? Hope so and that we see something close to your estimates, but always best to be careful and keep expectations low.