Flooring and data centre construction services provider Mountfield Group says that its second half profit will be higher than in the second half of last year.
It will also be higher than the £305,000 pre-tax profit in the first half. This suggests that the full year profit should be at least £640,000 and probably more. At 1.6p a share, the 2017 multiple should not be much more than 12.
Contract wins of more than £8.9m have been announced in the second half and all of those stretch into 2018. The order book should be £8.1m at the beginning of 2018. There are more tender announcements to come and management believes that the strong market conditions should continue until 2020 at least.
This growth can be achieved without having to raise any money from share issues.
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