Mountfield Group Plc (LON:MOGP) Chairman Peter Jay caught up with DirectorsTalk to talk about the release of it’s trading statement. Peter talks though how the business is looking, explains the new business strategies, the impact on Mountfield Building Group, the path for Connaught in terms of clients and product and how Peter sees the Group developing over the next three years.
WH Ireland commented: Having updated the market on its Connaught subsidiary earlier in the week, MOGP has now published an update on Q1 trading at the complementary MBG business, which historically has made up a similar proportion of revenues.
MBG has seen a good Q1-2016E. The company has highlighted a further £2m of secured work for the current year in revenue terms, taking the total FY16E order book, including Connaught, up to c.£4m. In line with its revised business strategy, and again a feature of Connaught as well, the MBG order book features a larger number of smaller contracts than was seen last year (eleven contracts, the largest £300k), reflecting the wider business base.
Positive news again, with further promising developments highlighted this morning – we now await FY15E results to provide a base from which to build FY16E forecasts effectively, while noting that structural features of the company’s business appear to be on an encouraging trend.
Peter Harry Jay – Executive Chairman of Mount Field Group Plc qualified as a solicitor in 1970 and was a partner in Ingledew Brown Bennison & Garrett and then in Stein Swede Jay & Bibring (which later became Finers Stephens Innocent) and finally in Beachcroft LLP from which he resigned in 2007. As a lawyer, Peter specialised in corporate work and, in particular, on AIM and PLUS Market listings and now advises companies on corporate finance matters. Peter has held a number of directorships with both private and public companies. His executive role within the Group includes responsibility for its corporate finance functions.
