Member Info for ratcliffewriter

Ask around .60 after 50 minutes. 1p surely in the sights today.

1p placing with new york inv fund says we have 100% upside against limited downside

Cold fact is who pays so far over the apparent odds unless there is a profit well above the premium on the near horizon, and pretty damp certain with it? Looking intriguingly good!

Amazingly for me, yes I did! And gladder by the moment that I did.

Someone must know something good to take up shares at that sort of multiple. Bring it on!

Not often to come across a company with so much appeal and so much cash lying in wait. Is a surprise about to spring?

http://******************.blogspot.co.uk/2013/05/mountfield-group.html?spref=tw&m=1

Today I have had my attention drawn to Mountfield Group (MOGP) which at 1.18p is capitalised at £2.2 million. My basic appraisal is that the shares are cheap although the spread is pretty unfriendly. The building services group is showing all the signs of a company that has turned itself around after losing wads of cash in 2011 the company announced in September its first half 2012 numbers. These showed that: Group revenues increased by 63% to £8.6m Mountfield revenues up 115% to £7.0m, margins maintained at 13.5%. Connaught revenues fell by 18% to £1.6m, however margins improved from 18.0% to 20.6% Pre-tax profits increased to £371,000 from £38,000 Cash generated by operations improved to £103,000 against a shortfall of £800,000 in the corresponding period of 2011 Maiden construction contract for renewable energy project secured Strong start to second half with £3.9m contract wins since period end In April and May of this year there was further news on contract wins, notably a £3 million contract to supply and fit the flooring for the first stage of a major European data centre with the CEO stating: We are encouraged by the flow of new work we are experiencing, and new contract tenders have increased markedly during the last three months. I am particularly encouraged by Mountfield’s performance in winning follow-on work on multi-stage projects as well as new projects.” The caveat here is that the company has some chunky borrowings but it appears to be trading its way towards improving that situation.

A speculative buy I’d say.

 - See more at: http://www.shareprophets.com/analysis/420/buy-mountfield-group-at-118p#sthash.ApjGaeeg.dpuf