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The amount of crap on the markets at the moment, it's refreshing to see a company (profitable) and winning contracts double the size of the market cap.
Thought there would more of an up take for the shares, maybe the penny hasn't dropped yet.
Or nobody has any money left after the recent shit that's been AIM
The amount of crap on the markets at the moment, it's refreshing to see a company (profitable) and winning contracts double the size of the market cap.
Thought there would more of an up take for the shares, maybe the penny hasn't dropped yet.
Or nobody has any money left after the recent shit that's been AIM
Wow.... reminds me of when I started trading all those decades ago!
With profits doubling YoY, and it's biggest ever £7m cumulative contracts, even at 5 times profit, this is a 4-5p shareprice.
Who bought 325502 shares at 1.89 for £6151 then sold them 5 minutes later for 1.6115 for £ £5245? That’s a loss of £906 plus fees in 5 minutes. Wow.
Especially in this climate
Is there only 254m shares in issue?
Graham Read - 83,520,000 ordinary shares - 32.85% of the issued share capital
Andrew Collins - 32,300,000 ordinary shares - 12.70% of the issued share capital
Peter Jay - 23,500,00 ordinary shares - 9.24% of the issued share capital
Over half the company untradeable leaving 127m shares - Obviously lots of that held by private investors
is there a seller holding it back?
I agree, sonunder the radar, this could become a massive company. It’s in the right market and I expect that it’ll keep winning contracts. This is a find and a half!
Massive contract on top of a load of other contracts imo. Progressing spectacularly
Absolutely undervalued on that contract alone
‘Progress has been rapid’ is certainly true when you look back on previously issued RNS’ in the past year.
GLA DYOR
A £7m contract win... On top of £5-10m existing revenues for H1 2019... £4m marcap...
Nice - well done all here... totally took my eye off this one! Hey ho. Will spike up nicely today!
with net earnings of £1m, it will imply a market value of at least £8m
It was 2.40p before without any big contracts so I think a good chance of boom here today
Hey spacetec what are your thoughts? I mean this should boom.....? Contracts worth more than market cap but I guess it depends on NET profit....
lets see what happens
Mountfield Group plc ("Group")
and its subsidiaries Mountfield Building Group Limited ("MBG") and Connaught Access Flooring Limited ("CAF")
Awards of new contracts in excess of £7m
The Directors of Group are pleased to announce that the Group companies have between them been awarded three new contracts with an aggregate value in excess of £7m, with the work on all to be undertaken during 2019.
The first contract (which has been awarded to MBG by a European bulk-liquid storage operator) is for the construction of its new London headquarters building and is valued at £2.1m.
The second contract won by MBG has a value of £4.1m and is for the construction work connected with the expansion of a data centre in Essex for a global telecoms operator. The contract was won by MBG by competitive tender and a deciding factor for the client when making its decision was MBG's knowledge and experience in working in live data centre environments.
The third contract was won by CAF for the flooring work on the fourth and final stage of a European bank's development and expansion of its London office. The work is valued at approximately £1m.
Excellent coverage from Graham Neary - should bring in some interest. Interesting to see this was the first time he'd heard of MOGP:
Https://www.stockopedia.com/content/small-cap-value-report-thur-27-sep-2018-vle-bon-mogp-zoo-402359/
"Mountfield (LON:MOGP)
Share price: 1.95p (+2.6%)
No. of shares: 254 million
Market cap: £5 million
Half-year Report
This is a new one for me. We had a few reader requests so I'm happy to take a look!
It consists of three businesses that provide:
data centre installation
building work, employing skilled labour and subcontractors
flooring installation
The highlights are very encouraging.
H1 turnover up 56% to £8.9 million
H1 PBT more than doubles to £700k
Orders higher compared to those held at the same stage a year ago.
Drilling into the segmental analysis, the big win was in construction which went from breakeven last year to a PBT of about £450k this year, on greatly improved revenues.
The balance sheet has negative tangible net worth and a large build-up of receivables, and is partially funded by borrowings. So it's not too pretty.
My view - I imagine that these shares could easily re-rate higher when people have digested the earnings that are likely to be achieved in full-year 2018 and 2019. On current trends, it's going to look very cheap in comparison to a £5 million market cap.
While it may have individual merits, it's not for me simply because this is not a sector I want to get involved with.
Incidentally, I wonder what the long-term trend for data centres is likely to be. Are they likely to grow with demand, but then eventually shrink as less space is needed to store the same amount of data?"
Terrific interim results - the valuation is looking a bit silly now given a likely £1.4m or so PBT against a £4.8m m/cap.
And importantly, "both companies are in the process of negotiating or in tenders for substantial new contracts" - so more news flow to come.
Nice outlook too, which also hints at additional contracts to come:
"The Board anticipates the Group performing well in the second half of the year and also CAF and MBG securing further business that will ensure a strong platform for 2019"
mogp same mechanics like pip. next big spiker i think.
PE of 7.5, you are having a laugh
Terrific results. And tucked away in the background to add to the strong and confident outlook for both CAF and MBG is this: "The construction market The Group continues to experience extremely strong levels of activity in terms of enquiries and tenders and the Board is confident as to the strength and sustainability of the current strong demand for services provided by the Group." It looks rather "cheap" imo! Good coverage here - let's see if this below-the-radar company can start to appear on people's - and analysts' radars: Http://www.lse.co.uk/AllNews.asp?code=5espuejd&headline=Mountfield_2017_Profit_Doubles_As_Revenue_Grows_And_Cost_Fall "Mountfield 2017 Profit Doubles As Revenue Grows And Cost Fall Mon, 11th Jun 2018 11:05 LONDON (Alliance News) - Construction and flooring firm Mountfield Group PLC said Monday its 2017 profit doubled after revenue grew strongly and it reduced costs as it looks forward to a "bright" future for its two main business units. In 2017, pretax profit doubled to GBP864,372 from GBP442,544 the year prior. This was after revenue grew to GBP12.7 million from GBP9.6 million the year before. Profit performance was also helped by a modest fall in administrative expenses. Admin costs fell to GBP1.3 million from GBP1.4 million the year prior. Mountfield - which operates through two subsidiaries Connaught Access Flooring Ltd and Mountfield Building Group Ltd - does not pay a dividend. "The board believes that both CAF and MBG are now, with the benefit of low cost structures, excellent client bases and record high levels of secured work able to perform strongly on a regular and sustainable basis," Mountfield Chairman Peter Jay said. "The outlook for CAF continues to be strong into 2018/19 and based on the demand for high quality, large commercial flooring contracts, its leading position in its market place and the proposed expansion of its business into the supply and installation of new products associated with CAF's core activities," Jay added. "The board believes that the outlook for CAF will remain increasingly bright for a number of years with strong demand for its services both in the UK and overseas." "The board takes a similar view of MBG's prospects and notes the major change in its financial performance that followed from the reduction of its cost base and the change to a strategy of pursuing lower risk contracts predominantly direct to the client and is satisfied that MBG's performance will show significant improvement during 2018 and 2019," Jay continued."
Excellent results.....should see lift off with these bad boys
Great to see new highs here at last. It's ridiculous that it's taken so long. The results on Friday should be terrific given that we already know there will be "a substantial increase to net profit achieved in the year". But most importantly the outlook should be blistering given all the large contract wins for a business of this size (still only a �5m/�6m m/cap).