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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...
Commercial flooring and specialist construction group Mountfield (MOGP) has updated including that it “is encouraged by the re-opening of many of its clients' sites and the determination of many of its clients to restore activity levels to their pre-COVID-19 levels”. The shares have currently responded to around 0.75p – approaching 30% lower!...
One of the alleged problems with charting the minnows is the way that there is the problem of a lack of liquidity leading to a lack of transparency in terms of the charting and technical set up. This is the case for shares in Mountfield Group (MOGP), but even so there might be an interesting set up for the share price.
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.
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