Re: RNS : yet more contract wins I'd have thought the market cap would have got an uplift by now.The Company seems to have flown under the radar, even with the numerous contract wins over the financial year.One for the patient investor no doubt.
RNS : yet more contract wins Another £925,000 of contracts in the bag. And this includes a large overseas contract in Sweden - with the prospect of more to come....This £4.8m m/cap tiddler now has huge order books and is likely to produce huge numbers this year imho - it's announced £4.5m of new contracts in the last two months alone::[link]
Looking good for 2018 100,000 bought at 1.8p today and a decent move up. Here we go ))
RNS: £1m of contract wins, plus more to come Great news today - 2018 is looking more and more nailed on in terms of results.Another £1m of contracts, plus a possible £1m more from the data centre project and also MOGP continue to "tender for further projects that will be awarded in the coming year" for the South London client.Looks like further news flow to come.
Great trading update Yesterday's excellent trading update as at the end of November was most unusual for MOGP, and unusually bullish. On a mere £4m m/cap the shares are very good value imho.Perhaps this will see the start of a push for more analyst and press coverage etc. Let's hope so.Here's the update:[link] coverage on i.i.i:[link] Group Expects Profit Boost As Order Book And Pipeline Busy Alliance | Thu, 23rd November 2017 - 09:59LONDON (Alliance News) - Mountfield Group PLC said on Thursday full year profit was "likely to exceed" that seen in the previous two six month periods amid a strong order book and pipeline for following years.The flooring and construction services company said performance since the end of June and forecast revenue from contracts already announced for the remainder of the year led it announce net profit will likely "exceed" that achieved in the first half of 2017 and the second half of 2016.The company added that it expected to enter 2018 on a "stronger basis" than 2017. This was after Mountfield had announced contracts worth a combined GBP8.9 million since the end of June. All have commenced, the company said, and all are due for completion in 2018.The AIM-listed firm said its secured order book for the start of 2018 was expected to be at least GBP8.1 million. This contrasts to the GBP6.6 million secured order book the company had at the start of 2017.Mountfield said that since its 2016 restructuring it had focused on margin expansion and risk minimisation on contracts. This has resulted, the company said, in a "noticeable improvement" to its working capital position.As a result, Mountfield said it could undertake larger projects within its current financing facilities. The company will not require additional equity funding as a consequence.Mountfield's "strategy is to prioritise margins over turnover and the work won and under negotiation is at prices that accord with it", the company said.The trading climate "remains extremely active" with its Mountfield Building Group and Connaught Access Flooring subsidiaries both involved in a number of tenders for work to be undertaken in 2018. The company believes heightened activity levels will continue through to 2020 "at least"."This has been a very good year for Mountfield and the repeat orders prove our ability to successfully deliver large and complex projects", Mountfield Chief Executive Officer Andy Collins said. "As we near the year end, our secured work for 2018 is significantly above this time last year and we hope that we can continue to build on this year's success further."
RNS: huge £4m contract win Fantastic stuff. This is a £5m m/cap company which has won a £4m contract and further smaller deals worth £4m in the last couple of months - and the previous large contract started with a value of £4.5m and ended being worth over £6m . Must b a big price increase in store today:[link] Contract Win for CAFThe Directors of the Group are pleased to announce that, further to the half-yearly report announced on 12 September 2017, Connaught has been awarded a significant contract to supply and install raised access flooring and associated products for a major City of London office development. The contract has been awarded by a global construction and fit out company from which Connaught has previously won, and successfully delivered, a number of contracts. The Directors believe this contract is for one of the largest flooring installations planned in the current market in London.<</I> The contract works (which are scheduled to commence in October 2017 and run for approximately 12 months) have an initial sales value of circa GBP4m including negotiated project variations to date. Andy Collins, MD of CAF and Group CEO said that: "Winning this contract is another major step in the development of Connaught. It underlines our status as one of the very few commercial flooring companies in the UK that major construction companies and developers will trust when choosing a specialist able to take on a complex project of this value and which has the proven ability to produce a very high quality product within a tight time schedule."
Trading Statement ir.euroinvestor.com/solutions/MountfieldBuildingGroupLimited/1924/newsArticle.aspx?storyid=13547634
Should recover well now. Their company news released just improves every time.[link] April 2016 | 094am Mountfield said Connaught Access Flooring Ltd's already strong start to 2016 has been further improved by it winning thirty new contracts with an aggregate value of GBP1.1m in Q1. The largest contract has a value of about GBP400,000 and is for flooring work on a new business centre in Stafford. In addition to these new contracts Connaught is still engaged on its GBP5m-plus contract at a City HQ building that has been mentioned previously and is also at an advanced stage of negotiation on a number of other contracts of significant value.
Re: Group Review Completed nb, - to say the least!A lot of major pluses in that RNS from MOGP and a very changed company going forward. Lots to look forward to here. I don't find it hard to be looking at 3p/3.5p before too long.m
Group Review Completed interesting RNS this afternoon...[link]
Re: Change of tack All gone away?m
Change of tack Mmmm, a bit of water gone under the bridge and some weak selling out of the way. So I'm a buyer now, given the lowly £££mkt cap + decent order book and guessing that the company well realises there has to be changes etc.m
More bad news... .... again.m