Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Stargate Bingo and we have lift-off prices that have gone through 146 nice cups and handle break-outs IMOO DYOR
Roger that stargate a weekly close above 134 a fresh new course target is set in motion for a retest of the old 146 ATH (2021). IMOO DYOR
Overhead supply from previous trading at current price level, more than 2 years ago, is unlikely to cause resistance to upward equity rise. Weekly price pivot low of 26/10/23 to weekly pivot low of 24/2/24, provides an bullish uptrend line, supporting the sp, which has made a new weekly high sp. The volatility based Bollinger bands are separating, signifying increased volatility. The RSI(relative strength index), is above 50, providing additional confirmation that MACF, is in an uptrend. DYOR.
Easy to lose sight if you're a short term trader but some companies have done extremely well with bolt on acquisitions with bank facilities. I think management is astute. Nice to see SP closer to 2 but I can't influence SP but far those looking at these posts to either buy or sell, read the results, see progressive dividend, cash flow and hold as I'm doing. I like the Pac Man buy, could be a steal but dyor!
Yes, solid results and nice to hear that the pipeline is firmly on track for new additions to join the 'family'.
Yes. Good results. Decent dividend. 1million shares traded at 127. Nice to see slow steady price appreciation.
Results, out today, look good enough to me.
Fair trading update with cash in the bank and maintaining their guidance for the full year steady as you go
MACF - A good Company this one. Bought some shares this morning, for long term hold.
Chelsea11 Yes steady solid results whilst navigating inflationary pressures all around Nice recovery stock should be north of 120 and towards 140 very soon meanwhile look forward to their presentation next week.
Unspectacular results, arguably a mixed bag but overall solid, with no huge surprises.
https://www.londonstockexchange.com/news-article/MACF/half-year-report/16096105
HY Report RNS came out on 25th August last year and so reasonable to expect another in the next 4-5 weeks.
Will be interesting to see what impact the most recent acquisitions have had on the bottom line but the last Trading Update was positive.
Solid track record as said onward and upwards rerating well overdue here SP sprint to new highs AGW
Solid Trading Update and another year of growth, both sales and profits, on the cards for Macfarlane. More acquisition action before the end of 2023 a fair bet imo.
2 May 2023
Macfarlane Group PLC
Acquisition of protective packaging distributor Gottlieb
Macfarlane Group PLC ("Macfarlane") is pleased to announce the acquisition of A & G Holdings Limited, owner of Gottlieb Packaging Materials Limited ("Gottlieb"). This earnings enhancing acquisition further progresses Macfarlane's strategy of building its protective packaging business through a combination of organic and acquisitive growth.
Strategic highlights
Gottlieb is a well-established business based in the North-West of England, supplying protective packaging products to customers across a wide range of sectors, from its warehouse facilities in Manchester.
Gottlieb has an experienced team of 15 employees, including two Directors, all of whom will remain with the business following the acquisition.
There are opportunities for Gottlieb's customers to benefit from access to Macfarlane's extensive range of protective packaging products and services.
This earnings accretive acquisition continues to demonstrate Macfarlane's 'buy and build' strategy in delivering further stakeholder value.
Transaction details
Macfarlane's wholly-owned subsidiary, Macfarlane Group UK Limited, has acquired 100% of Gottlieb for a maximum cash consideration of £3.55 million (including an earn-out of up to £0.8 million based on agreed profit growth targets over two years)
A further adjustment is due for net assets in excess of £0.3 million with the expected net assets on completion being £1.0 million, including £0.8 million of net cash.
The consideration is being financed entirely from Macfarlane's existing £30.0 million bank facility.
For the year ended 31 December 2022, Gottlieb generated sales of £4.5 million, with EBITDA and pre-tax profits of £0.7 million.
Peter Atkinson, Chief Executive of Macfarlane, said:
"Gottlieb is a well-run, successful protective packaging distributor with an experienced management team. The acquisition of Gottlieb complements the recent opening of our new distribution facility in Heywood and further strengthens our ability to serve customers in the North-West of England. We look forward to working with the team at Gottlieb to support its continued growth."
And another earning accretive acquisition.
Given it’s only 2nd May today, perhaps the statement of “We are very confident that we will complete another couple of acquisitions in 2023,” will prove conservative.
Regardless, more good news.
Onward & upwards the share price rerating is truly overdue
Watch this space indeed!
“This earnings accretive acquisition demonstrates Macfarlane's comprehensive 'buy and build' strategy in delivering further stakeholder value.”
Watch this space…….
“We are very confident that we will complete another couple of acquisitions in 2023,” he said. “We have a very strong pipeline.”
https://www.scotsman.com/business/glasgow-packaging-heavyweight-macfarlane-targets-further-acquisitions-after-solid-rise-in-sales-and-profits-4038020
yes great results again another reason SP maybe start heading back up towards 120/130 currently testing resistance at 110 on the weekly for the fourth time since 2018
Solid set of Annual Results published today (and ahead of market expectations). Divi increase (paid 1st June) and positive outlook overall. What’s not to like?
C11 - Agree 100% hopefully the visit below £1 is now behind us following the German investments.
C
Notice Of Results expected next week, followed by the 2022 Results last week of Feb.
Based on the Q4 Trading Update, something to look forward to IMO and perhaps a rise back towards 120p+.