Mountfield Share Discussion Threads

[zed2002] 07/6/2017 12:46

Just bought... not showing yet..

[king kong dong] 07/6/2017 12:41

Zed, u da man!

[zed2002] 07/6/2017 12:38

Well it did say 5 + milliion. So probably didnt have the full value at the time which they have now.

Looking to buy more in the next hour or so

[jakleeds] 07/6/2017 12:14

Thanks Mike for some good informative posts. In the half yearly report they said :

CAF achieved a profit of GBP397k during the first half of 2016 (H1 2015: GBP321k). The key feature of the period was the completion of its GBP5m + contract for flooring at a new City HQ building.

Then in the March 2017 trading statement they said this :

CAF, one of the Country's leading raised access flooring specialists, had a particularly strong year that included the completion of the GBP6m contract to install 70,000 square metres of flooring for a new City HQ building which commenced on site in 2015.

So what was looking like being a '£5m+' contract at the half year results ended up being a £6m contract by the time of the March statement, which will show in the final year results.

Any thoughts ??

[a2584728] 07/6/2017 11:15

I think they make keep a re structured MBG if it's making good margins

[king kong dong] 07/6/2017 10:29

This is it, MBG was a real handbrake on the company figures. Free themselves of that and everything looks a lot better.

[mikeh30] 07/6/2017 09:18

Note - H2 loss last year due to old legacy contracts before restructure.Restructure included £400k cost savings as well

[mikeh30] 07/6/2017 09:16

Last year pbt - £176kThis year half year pbt - £316kLast year half yearly pbt £236k.So clearly ahead at half year stage. H2 - increased margins, increased trading, up against H2 loss last year, deferred tax losses from previous years and no payments on loan notes (£170k).Could be looking at some very good profits especially if they have matched last years turnover with the current superior margins.

[jakleeds] 07/6/2017 08:48

Yep, should pop soon I reckon.

[mikeh30] 07/6/2017 08:36

No buy quote

[a2584728] 07/6/2017 08:25

Needs some follow through on the rise

[gleach23] 07/6/2017 08:24

Can currently sell 225k online but only buy 10k...looking good

[mikeh30] 06/6/2017 21:04

https://www.isgplc.com/en/news/isg-named-number-one-fit-out-contractor-by-metropolis-for-fifth-consecutive-year""The company work with a number of main contractors, including ISG Plc, Skanska, Kier, Square Metre and Mansells on projects ranging from £1 million to £500 million.  It has long term relationships with these contractors and in particular with ISG Plc which has promoted Mountfield to being one of its partnering contractors under ISG Plc's Platinum Contractors Scheme.""

[mikeh30] 06/6/2017 20:46

The Founder Shares will not be quoted on any exchange or carry a right to vote or to receive a dividend. The shares will carry the right to receive, collectively first an amount equal to the amount of Loan Notes swapped into Founder Shares by which the consideration arising on a sale by shareholders in Group attributable to Connaught Access Flooring Limited and/or Mountfield Building Group Limited exceeds GBP20m.(No loan payments in this years results - £170k swing on profit before improved trading and margins)

[mikeh30] 06/6/2017 16:35

£20m sale is the end point for sure. The removal of debt via founder shares sets it up nicely

[king kong dong] 06/6/2017 16:34

All very intriguing...I guess we're one step at a time and see where it all ends. I can sit on these for the big score.

What management have done is set a line for any future negotiations.

[cyberbub] 06/6/2017 16:33

Not sure about the £100M turnover, I think that might be a bit of window dressing myself. The hard-cash target is a £20M sale of the company. I would be quite happy with 8p personally....!

[mikeh30] 06/6/2017 16:30

Remember the £100m turnover aim

[king kong dong] 06/6/2017 16:29

A £20m sell-out might not be the limit of their ambitions....perhaps they can grow Mountfield further still.

[mikeh30] 06/6/2017 16:28

For the previously loss making MBG the below should put a nice chunk on the bottom line:Purchase Order AwardedThe Directors of the Group are pleased to announce that Mountfield Building Group Limited ("MBG") has been awarded a Purchase Order to the value of GBP440,000 to supply and install fire-rated plasterboard ceilings together with associated works as part of the first phase works on a 10,000m2 data centre fit out project in Slough. The purchase order is in addition to the GBP

[cyberbub] 06/6/2017 16:27

Well the ultimate target is an 8p+ takeout, which will allow the founders to cash out.That's a £20M valuation, which would need IMO a £1.5M net profit and growing strongly.Could we be there after the next 6-month results in late September?The annual results due shortly should give a good indication....NAI

[mikeh30] 06/6/2017 16:19

210000 buy on nex

[king kong dong] 06/6/2017 16:03

This share is like rocket fuel....one trade can move it a few percent....any sustained demand and I think we might be looking at one of the shares of the year.

[zed2002] 06/6/2017 16:02

took out 100k. Now holding 500k.