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Mouchel - Parkman - ready for take-off? (MCHL)     

hannibal - 12 Aug 2004 12:14

After taking over Parkman, and taking Parkman Chief Executive Richard Cuthbert, Mouchel's share price has dropped, fuelled mainly by the reported costs of the merger. Preliminary results for the year to July will be published in October. for

However the merger costs are 'one-off's' and the new organisation is stronger (and claims it will make further acquistions). Is it ready for take-off in the run-up to the publication of accounts?

hlyeo98 - 18 Jun 2009 08:45 - 21 of 171

18 June 2009



Mouchel Group plc

Interim Management Statement



Mouchel Group plc, the consulting and business services group, today provides its Interim Management Statement covering the period to 31 May 2009, ahead of its pre-close trading statement which is expected to be issued at the beginning of August 2009.




Trading performance




Since we reported the half year results on 31 March 2009, the Group's performance has increasingly been affected by the previously reported challenges in rail and in the Middle East. Our Management Consulting business has also been further affected by a reduction in demand for consulting services generally, as well as by the costs associated with targeting new opportunities and investing in developing our major local authority partnerships, the benefits from which have been slower to materialise than previously anticipated.




We continue to take measures to ensure that we have the right cost base for the Group going forward. This too has impacted financial performance in the short term but will ensure that we are in a strong position to deliver organic growth in underlying trading.




As a result, the Group's performance for the current year will be below our previous expectations. The position in rail and in the Middle East will also impact next year. However, we anticipate that this will be broadly offset by the cost savings secured this year and by organic growth in the Group's ongoing businesses, such that performance for the Group as a whole in 2009/10 will be broadly unchanged from the current year.




In spite of this, and notwithstanding general economic pressures, demand for the Group's services in our core markets remains generally good. We have strengthened our bidding capability and have secured some important new wins. We have also benefited from increased activity in a number of our existing commissions. We continue to have a healthy order book and bidding pipeline. Our order book still stands at close to 2 billion and we have made good progress in positioning ourselves for work currently being bid.

goldfinger - 17 Sep 2009 14:38 - 22 of 171

Appeared late yesterday...

Mouchel Group PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Arbuthnot Securities
16-09-09 BUY 40.00 25.86 6.50 40.01 25.80 6.50

Panmure Gordon
16-09-09 BUY 39.99 26.12 7.02 40.97 26.64 7.37

Stan - 17 Sep 2009 15:47 - 23 of 171

Vague take-over rumours at the mo, also preliminaries out next week.

goldfinger - 18 Sep 2009 11:30 - 24 of 171

Moving along nicely on a rotten day all round.

goldfinger - 18 Sep 2009 22:29 - 25 of 171

Stan, this is what ive copied off of investigate for next results..

The Group will announce its preliminary results for the year ended 31 July 2009 on Tuesday 6 October 2009.

goldfinger - 20 Sep 2009 13:06 - 26 of 171

Heres that article I was talking about earlier from the Saturday Express Market Report ..David Shand.....

" while consulting group Mouchel firmed 24 3/4p to 246p, on suggestions it could be a target for private equity..... ends.

goldfinger - 20 Sep 2009 15:55 - 27 of 171

Mouchel charts are appearing to be very positive....

Especially as results are due on Tuesday 6th of October.

Even if you take away this speculative Takeover talk you are still getting a chart that screams out bullish positive TA and what appears to be a great deal of momentum behind the stocks SP.....



Short term chart shows just how positive this one has been over the last few days..

goldfinger - 21 Sep 2009 07:58 - 28 of 171

Could see a nice ride up before results.

ellio - 18 Nov 2009 09:21 - 29 of 171

Just to let you know have dipped my toe in the water with these, they absorbed some major one-offs this year which hammered the price, mostly to do with M East, long term, well not recovered much yet, so , 250p is on the cards, this is a sound business!

ellio - 23 Nov 2009 10:30 - 30 of 171

? looking good!

ellio - 23 Nov 2009 10:32 - 31 of 171

Obviously, if we break 200p well you know the rest, in fact am hoping for 300p, before results whioch from memory are next Feb, so lots of momentum to go. If their markets pick-up more, who knows, but I do like the look of this.

ellio - 14 Dec 2009 09:05 - 32 of 171

Wanted to add more at 150, was convinced this was a good business and almost recession proof, ie infrastuctire markets are still buyont, but alas didnt! thought I'd misjudged it! oh well will have to make do with just a 50% rise on a very small holding. Maybe theres bid speculation, that rise on the back of a hold and a cuatious buy note seems a bit excessive?

ellio - 14 Dec 2009 09:17 - 33 of 171

Maybe I should read the press releases, doh! at least VT group agree with me though!

Stan - 16 Dec 2009 14:32 - 34 of 171

Standard Life made a nice little profit on these by the looks of it, selling 76,000 @ GBP 2.45.

Stan - 18 Dec 2009 09:31 - 35 of 171

Was away over the w/e so missed this:

"Mouchel, an outsourcing and engineering group whose shares jumped nearly 20% on Friday, has received two secret takeover approaches. The rival VT Group is understood to have made both informal offers in recent weeks, only to be rebuffed by Mouchels board, led by its chairman, Bo Lerenius. Serco and Capita, two other outsourcing groups, are said to be waiting in the wings if a formal bid materialises, reports the Sunday Times."

littlebert2 - 20 Jul 2010 15:45 - 36 of 171

This is almost back to what Mouchel paid in their takeover ... sorry, 'merger' ....

tabasco - 20 Jul 2010 16:49 - 37 of 171

I have no interest in this stockbut just had to saygood to see you back Bertand may every punt be a winning one

littlebert2 - 21 Jul 2010 08:38 - 38 of 171

Hi Tab.... Still alive, just do very little trading these days.

I had a personal interest in this one from way back (Parkman days)...... When Mouchel took over, any who disagreed with dubious business plans got forced out ...... plan was to over-hype then sell on - looks like they forgot to find a seller before getting found out :-) ..... Just not sure how much of the old engineering business is left to salvage....

tabasco - 21 Jul 2010 08:47 - 39 of 171

Good luck to you BertYer a good un!

moneyman - 07 Dec 2010 09:35 - 40 of 171

The Mail are reporting any deal would be conditional on a deal with the banks - if thats the case the takeout price would be much higher than current levels.

Mouchel ripe for a bid after shares slide
By Simon Neville
7 December 2010, 8:32am

Struggling outsourcing firm Mouchel Group revealed it was being eyed for a potential takeover after a series of recent profit warnings wiped nearly 300m off the company's value compared to a year ago.

Mouchel said government spending cuts will hit business, adding that the collapse of its share price in the last few weeks 'has resulted in recent approaches'.

But it added: 'The board does not believe that these preliminary approaches reflect the true value of the company.' Last week bosses were forced to bring in restructuring specialists from auditor Deloitte at the behest of its biggest creditors, sending shares down 15%.

But yesterday shares rebounded 15.75p to 72.25p on the back of the takeover rumours, with any deal conditional on the firm negotiating the refinancing on its 180m credit facilities, which are ongoing.

Public sector business accounts for 87% of Mouchel's work, which includes contracts for motorway maintenance and road gritting services.

Rival VT Group offered to pay 250p a share for Mouchel a year ago, but the company rebuffed the approach.



Read more: http://www.thisismoney.co.uk/markets/article.html?in_article_id=519445&in_page_id=3#ixzz17PkANaCS
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