Mountfield Group

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

Regards Doc

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(These are but opinions derived from my own experiences and thoughts and do not adopted as statement of fact)

Sound Oil & Gas Exploration

Sound Oil Q&A coming via the shareprophets.com
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Sound Oil recently announced its first gas milestone at the Rapagnano field the ex-ENI asset scooped up and put into production to secure The gas was delivered to the local gas distributor, starting on Wednesday May 15.

It said that the gas was produced at a rate of 14,600 cubic metres (or 0.5mln cubic feet) per day.

Under a gas sales agreement Sound receives €0.316 per cubic metre (which is US$11.2 per thousand cubic feet) for the initial sales to Steca Energia.Sound says it expects the gas operation to deliver annual cash flow, after operating costs, of €400,000.

Rapagnano represents a modest revenue stream into the company which takes Sound oil from explorers to producers with plenty of room for further bonding in its portfolio of exploration. The drilling commencement (Spud) of Carita (Nervesa) a high value and Ex-Agip concession in the North which was last operated 30yrs ago was signed off at $15 a barrel. With the barrel now travelling between $90-$100 consistently for £37m NPV and 21 Billion cubic feet (Bscf) recoverable makes it clear there is significant value attainable, taken from a very low risk position.

The permits/concessions and drilling contracts are all in place and ready to spud anytime. The pads are down and the rig should mobilise this month.

Sound oil have also made a brave and possibly game changing decision to take Badile 100% owned by re-framing its program to retain as much value without becoming to imposing of its shareholders. The value of the this decision will be integral to taking Sound Oil out of the hands of the small cap and into the arms of the mid tier. James Parsons has delivered where some thought he may fall as he brings in its first revenue stream, positioning the company poignantly towards success.

Sound Oil have an indigenous team of ex- ENI personnel working out of Milan navigating the bureaucracy of the ministry whilst liaising with ENI and the contracted parties over the forthcoming drilling campaign which I believe to be paramount in Sounds success in Italy.

Although Zak Mir of the http://www.shareprophets.com/ recently offered up a brief technical review it would appear that fundamentally and technically Sound Oil are turning the corner. This has not come without injury of a share consolidation or without a new and fresh approach in Italy after misadventure in the Indonesian Psc but from a small cap perspective the company have funds to drill with a small revenue stream with its focus on material value in Nervesa and a much bigger entity again in Badile and its 185 Billion cubic feet of gas (Bscf)

Find Zaks review here:  http://www.shareprophets.com/video/373/three-oil-tiddlers-to-buy-says-zak-mir

Previous thoughts here:  http://www.stockopedia.co.uk/content/sound-oil-plc-oil-gas-exploration-70421/

Doc



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Solo Oil & Mtv

 

SOLO & MTV '' kick them whilst here still down ''

Good Morning kitty kats, As we head into another wet week and Lorraine is gobbling raspberry's on the goggle box I'll revisit a few raspberry's of the small cap sector.

MTV continue there game of releasing some mediocre news and then working a placing onto the market, This has been a ongoing game of spank the blind speculators with MTV prevailing as the one with the big hand whilst the shareholders appear to have the red bottoms.

Re-read old posts on MTV here: http://docslaymanschatter.blogspot.com/2013/03/motive-television-plc-mtvln.html


Solo Oil and Gas seem to be making a pigs ear of the Canadian assets which were once to be the 2p value alone by excited shareholders supported by team Reef and Solo sadly the great adventures seem to have gone quiet, I think many spotted that the down hole pumps or gas injection was spelling further problems and delays whilst others were believing...... As the old Arnie phrase goes '' I'll be back '' and I'm sure he and the ausable field will be.

Flip to Tanzania and the great Ruvumba gas discovery! There are two integral facts, Tullow dropped off and handed over the well which would suggest there just wasn't world class value. Also the company are hitting the market diluting by coming to market for more and more finance which may suggest a bumper JV is not likely.

As always I believe the team have the ability and position to excite the market once again however its important to look how serious a house this place is to have your hard earned cash?

Consolidation is a must for both in my opinion and this is often not a great experience during the switch. '' If there is a window of oppourtunity climb out of it '' Patience and Panic are two phrases that need addressing...

Good luck

Doc

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(These are but opinions derived from my own experiences and thoughts and do not adopted as statement of fact)

Hot creek boutique

U.S Oil & Gas

Where do we start with this company and the incestuous relationship amongst the special friends of Usop/ians...

I have made no bones of wanting to chat publicly or privately to MM,WIGS,LOLS,BFP however i took the initiative to register at http://www.usopchat.com/forum contrary to belief I have no known association with any long-term twitter bashers or deluded loonies ramping although I do have an association to numerous outlets I write (All independently).

Today I was rejected membership which may enhance claims made on private forums from significant Investors who themselves have been banned/Silenced by there critics, Thankfully I didn't BUY into the £200 a share excitement EVER although can understand how a few wet behind the ears did.

The facts are:

None of the great hope has come to fruition and the company are languishing In the pits of Hot creek valley with Claims and speculation that the founders have hot footed out of the dessert with cash bags long before the retail had realised.

A great point was raised by a honest decent women I chat with from time to time about USOP and BM's desire not to hit the placings harder and not to follow the usual protocol of coming to market and spanking the draw downs whilst paying themselves a pretty penny and bumper remuneration packages. '' That is a fair point '' and USOP and BM seem to have operated on a shoe string however if the principle was to maintain a strong hold on the company and command the good ship USOPY then I'd say its not working out other than holding a firmer grip on the failing outfit.

The shocking Revelations from the PLUS market '' Something I mentioned on Usopians over a year ago '' seems to have come to fruition with claims that some of the SPECIAL investors had this document and held it back would not surprise me one iota.

I feel that the boys club that has existed at USOP will in fact work against each of these people as the company goes into a death spiral so i urge these folk to unite (differences aside) and use there SPECIAL friendships to take back some of the control.

How would you do that? By exposing the wrong doings. The problem is the SPECIAL ones still believe that they need to keep there relationship intact!!! Bleeding hell If you were part of a bank job they would still be filling the bags whilst the getaway car has fled and the cops have you surrounded... ' Yes I'm taking the piss and Yes i no its not that funny '

I don't profess that the SPECIAL ones are all crooks and conmen but i do say that they used there position to try and play there own game, Sadly the company appear better at it....

The facts are that the relationship with an exchange like PLUS was questionable after being struck off.
The relationship with NDOM appears to be fraught with silly technical errors...
The relationship with shareholders is rock bottom.
The relationship with 3200bopd is similar to an all saints song '' Never ever ever!!! ''

To date things are poor and a deviated sidetrack could be very very challenging as these guys can't even sort out a few jars of oil and the calculations on 60bopd. I'd look to start a fresh and with a explanation to the shareholders on what they have been doing whilst spunking good time and money away like a randy old fox...

If the shareholders action group is formed I'm sure there would be enough weight to get the answers you need from your company.

Will people believe them? I fear not...

Maintain whatever you believe but at least try and open your mind to the dwindling number of options you have left before its a complete write off...

You deserve at least answers to this debacle.

Doc

* I have no axe to grind with anyone and regardless of the piss and wind statements from Pornix and Co. I don't fear proven liars '' I sold ECR '' Dated the 28th March 2013 ;-) signed P



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Medusa Mining

(MML:ln)

Medusa Mining the company that has suspended its dividend and suffered at its peril of the widely speculated gold price from bearish sceptics. Here's a summary as to why I disagree only slightly with Zak on selling down to 150p.

Personally I see the share price as a Buy preferably from the 170p area as I see a good support at 163p backed by the ftse decline and the gold price equilibrium found (If there is such a thing).

Medusa have reduced production and shut the divi as it intends to ramp up production significantly, Medusa announced:

70-80k Oz June 30th 2012 with divi reinstated after 18months

FY 2014 - 200k oz - $290

FY 2015 - 200k oz - $230

FY 2016 - 400k oz - $230

The work on the new mill which is the catalyst to the ramp up in its production is said to be on schedule June-July 2013. Clearly the goldie has the diversity to offer real med/long term upside value, This is perhaps a unusual one for me however the sector has a few with there stall well set out.

Start Buying into the weakness.


Doc

* 03-05-13 Brokers reduce there target on MML from 416p to 333p. On the 30-04-13 SP Angel reduced 585p to 505p both still recommending a Buy.

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