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?

Mouchel Energy flogged off to Mott- no mention of price, probably payed them to take it,

Sale of Pipeline Design Business


Mouchel Group plc
("Mouchel" or "the Company")

Sale of Pipeline Design Business

Mouchel, the infrastructure and business services group, announces that it has completed the disposal of its pipeline design business, the UK-based provider of design and project services to the gas engineering and wider energy markets, to Mott MacDonald Limited ("Mott MacDonald").

Mott MacDonald, the privately held management, engineering and development consultancy based in Croydon, UK, paid initial consideration of approximately 2.55 million in cash for the share capital of Mouchel Energy Limited, a new company set up for the purpose of the disposal. The transaction is also subject to post-completion adjustments (relating to certain net asset and work-in-progress items), but for which additional cash consideration payable to Mouchel under such adjustments is capped in aggregate at approximately 0.85 million.

The proceeds from the sale will be used to repay a portion of the Company's debt.
For the year ended 31 July 2010, the pipeline design business reported a post-exceptional profit before tax of 0.09 million on net revenue of 4.7 million. At 31 January 2011, gross assets subject to the disposal were 2.3 million.
The pipeline design business is led and managed by Colin Brewster, who will remain with it under Mott MacDonald's ownership.

Commenting on the disposal, Grant Rumbles, Chief Executive of Mouchel, said:
"Following the recent agreement to sell Mouchel Rail, the sale of Mouchel's pipeline design business is another key step in our strategy to focus on Mouchel's leading positions in core markets. We wish the business and its employees every success for the future."

RNS Number : 1743R

Mouchel Group plc

31 October 2011

Mouchel Group plc

("Mouchel" or "the Company")

Sale of Rail Business Completes

Further to the announcement on 19 October 2011 regarding the sale of the business and assets of Mouchel Rail, Mouchel is pleased to announce that the conditions to completion have now been satisfied and the transaction has completed today as expected. All other terms of the sale remain as originally announced, and there have been no significant changes or significant new matters that have arisen in relation to the transaction.

Going Going....

Gone soon it cant carry on much longer.

There doomed.

In auction.

Odd the auction price is higher than the current trades - bid maybe ?

In auction +9.8%

Wednesday November 30 =

The beleaguered support services group Mouchel faces a pivotal moment this week. The company is in talks with banks about a potential breach of covenants on its 170m of bank facilities and should update on these discussions when its delayed annual results are published. Mouchel, which maintains UK roads, rebuffed takeover approaches from Costain and Interserve only to reveal in October that an actuarial error will wipe 4.3m from expected annual profits

Up 25% this morning - although on thin volume.

Now with a bit more volume +54.2%

wow.

In auction (again) +37.5%.

Blimey! anyone been trading this one here?

Preliminary Results

Financial headlines


2011 2010 % change
Revenue GBP551.4m GBP632.6m - 13%
Operating cash flow before
exceptional items GBP39.3m GBP70.3m - 44%
Underlying operating profit(1) GBP15.7m GBP41.2m - 62%
Profit before tax and exceptional
items GBP5.0m GBP30.5m - 84%
Loss before tax GBP(64.8m) GBP(14.7m) - 341%
Underlying operating margins 2.9% 6.5%
Adjusted earnings per share (0.5)p 18.9p -103%
Basic loss per share (61.7)p (12.1)p - 410%
Order book GBP1,425m GBP1,824m
Exceptional items before tax GBP(69.8)m GBP(45.2)m
Net bank borrowings GBP87.7m GBP83.4m + 5%

The Grand Old Duke of York...... in auction -28.6%

Appointment of Chairman

Mouchel announces David Shearer as Chairman
London, 6 December 2011
The Board of Mouchel Group plc is pleased to announce the appointment of David Shearer as Chairman. He will take up his appointment on 9 January 2012 at which time Sir Michael Lyons, Interim Chairman, will step back into his role as Senior Independent Director.
David is an experienced non-executive director, board level adviser and turnaround specialist. A former senior partner and Executive Board member of Deloitte LLP, he led the successful restructuring of Crest Nicholson plc in 2008/9 as Chairman and of City Inn Limited in 2010/11 as Chief Strategic Adviser. He was also involved as a non-executive director in the turnaround and refinancing of Renold plc, STV Group plc and Superglass Holdings plc.
He is currently Deputy Chairman of Aberdeen New Dawn Investment Trust plc, Senior Independent Director of Martin Currie ( Holdings) Limited, Renold plc, STV Group plc and Superglass Holdings plc, a non-executive director of Mithras Investment Trust plc, and was, until early 2007, a non-executive director of HBOS plc.

In auction -11.6%

Prudential down to 7% from 8%.

Extended auction - down another 9.1%

Isn't this fun - currently up 17.3%