Mountfield Group – Cashing in on a 5G Bonanza #MOGP
Mountfield Group (MOGP) – Latest share price: 2p, market cap £5.3 million
Readers of Cube will recall that I wrote about micro-cap tiddler Mountfield Group (MOGP) back in April 2019 concluding that I liked the niche offering and cheap valuation, particularly given that a prior recent trading statement in March 2019 and a subsequent contract win intimated record turnover was anticipated for the year ending Dec 2018 alongside an equally record high order book; management accordingly noting “buoyant demand” for their services despite the various known macro and political headwinds in the UK.
Full year results issued today for the year ending 31st December 2018 have hopefully cheered investor spirits further.
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