Its getting a spark and fuel but not at correct time. Swap the plug leads over first, if not take off the flywheel, check the key has not broken. On this engine the cam that works the points can go on upside down. Its in correct if you can read set on it, if its upside down that the problem, it moves timing 45 degrees. Oh one thing, Do not take the big pozidrive screw out the top of this engine, remove the 4x 3/8 bolts that go up into the top cover from underneath.
__________________
|