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Results: MOGP

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Into the Mountfield sewers wade Cathal Friel and, maybe, Open Orphan

After years as a serial AIM dog about which we repeatedly warned, Mountfield Group (MOGP) is now  a cash shell c/o a Peterhouse Corporate Finance Special. A recent placing at 0.1975p has allowed many of the spiv, sewer dwelling, clients of Peterhouse to flip their stock for a quick turn. For them and also the advisers who racked up costs of c£300,000 on the £3.1 million placing it is coke, hookers and in many cases warrants all round. Yum Yum. But this is perhaps not a total tale from the sewer.


Mountfield – notes vaccines ‘bring hope’ for trading improvement, so why a 16%+ share price fall?...

Previously writing on commercial flooring and specialist construction group Mountfield (MOGP), I concluded on results for the first half of 2020 that currently just hopefully my prior warning was heeded and continue to avoid. The shares had recovered a bit since then but are currently more than 16% lower today, back below 0.50p, on the back of a trading statement...


Mountfield Group – revenue & cash up… so why are the shares substantially down?...

Previously writing on commercial flooring and specialist construction group Mountfield (MOGP), in June with the shares at around 0.75p I questioned why no further update on the cash position and particularly noted a lower order book and lower margins, concluding to avoid. The shares had recently risen to 0.95p, but are currently down to 0.60p on a results announcement...

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