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Started: stargate, 18 Mar 2024 06:15
Last post: Svend, 19 Apr 2024 09:32
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.
Last post: RaeDae, 13 Mar 2024 09:18
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.
Started: winnings1, 24 Oct 2023 13:51
Last post: Svend, 23 Nov 2023 10:12
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.
Started: Chelsea11, 1 Aug 2023 07:29
Last post: Svend, 24 Aug 2023 10:32
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.
Started: Chelsea11, 9 May 2023 07:27
Last post: Svend, 9 May 2023 07:36
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."
Started: Chelsea11, 25 Feb 2023 08:34
Last post: Chelsea11, 2 May 2023 08:27
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
Last post: Svend, 23 Feb 2023 15:45
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+.
Nice little tick up. News on the way perhaps?
Started: Chelsea11, 15 Nov 2022 07:57
Last post: UKOK, 24 Nov 2022 07:54
More acquisitions on the way perhaps -
"strong acquisition pipeline"
Decent update.
There’s the anticipated TU.
“confident in meeting our profit expectations for the year”
In todays climate,I don’t think you can expect much more than that.
Very close to a Trading Update here. 19/11 & 25/11 for last 2 years.
I expect positive, based on previous news and outlook. Maybe back to 120p+ before the end of the year.
Last post: turnkey17, 19 Oct 2022 09:17
sitting duck
Good results. Sound acquisitions. Germany may prove an excellent choice, potential take over target and good yield, no, not asking you to buy, its why i bought and dyor
Peaky, did you post on the wrong board?
I'm buying a few at 80p...
Negative reaction to a decent set of results.
Started: Chelsea11, 10 May 2022 20:12
Last post: Chelsea11, 10 May 2022 20:12
Highly satisfactory Trading Update imo, in turbulent markets. Safe haven, again imo.
Last post: Chelsea11, 24 Feb 2022 07:16
“I am pleased to report that Macfarlane Group has performed strongly in the year ended 31 December 2021. Our results are well ahead of the previous year and better than market expectations.”
Started: oilybloke, 11 Feb 2022 12:00
Last post: oilybloke, 11 Feb 2022 12:00
The packaging sector has been in 2021 and continues to be very buoyant at the moment.
Started: piworld, 17 Dec 2021 10:25
Last post: Svend, 17 Dec 2021 22:08
piworld > Thanks for the link yes indeed the SP is on a the run next stop 180+ IMO DYOR
#MACF discussed by Richard Leonard, the one that got away from him.
c38m
Https://www.piworld.co.uk/education-videos/piworld-interview-with-richard-leonard-winners-and-losers-of-2021/
Started: Dingodollars, 16 Apr 2021 15:18
Last post: Svend, 23 Apr 2021 16:26
SP at its 4th attempt to break above resistance £ 109.50/113 on the weekly chart if broken lots of fresh air above > next near term target @ 130
The Packaging and Labelling industry is under huge pressure at the moment and Film materials are increasing due to global demand. This will have an impact on earnings next year unless these increases can be passed on. Film prices are increasing between 5-10%, Pulp is another area that is increasing dramatically.
There is also supply chain issues.. On a more positive note there could be M&A activity.
Started: CHEQUEMATE, 10 Oct 2018 22:50
Last post: CHEQUEMATE, 10 Oct 2018 22:50
General market sell off WS, plus Chinese competetion it would seem from what I have read on the SMDS board earlier today. At such times ALL shares get hit, including the healthy.
Good luck
Regards
CM
Started: WhiteShark, 10 Oct 2018 11:12
Last post: WhiteShark, 10 Oct 2018 11:12
strong company, growing steadily, good results, can't understand the last couple of days
Started: INFO.J., 26 Jun 2017 14:46
Last post: INFO.J., 26 Jun 2017 14:46
Does anyone have any info on them?
Started: thehierarchy, 23 Nov 2015 20:52
Last post: thehierarchy, 23 Nov 2015 20:52
Started: BhoyGeorge, 18 Oct 2015 20:04
Last post: BhoyGeorge, 18 Oct 2015 20:04
Really well managed, steady results
Thoughts may be of interest for anyone else holding or looking. http://www.privatepunter.co.uk/News/packaged-for-growth-5-august-2015
Recommended now again this time by Midas share tips.
Started: Agogna1, 9 Jan 2015 19:06
Last post: Agogna1, 9 Jan 2015 19:06
.
Macfarlane's shares appear to be a classic smaller company valuation anomaly that should be corrected when the UK economic recovery translates into higher earnings growth and the pension deficit is patched up. The wide bid-offer spread means it may take some patience to build a decent-sized stake, but it should ultimately prove worth it
The UK is expected to be one of the fastest growing major European economies in 2014, and investors hunting for exposure to domestic earnings growth would do well to wrap up shares in Macfarlane (MACF) within their Isa allowance. The London-listed protective packaging company's earnings are geared to an improving economy and look set to ramp up in 2014 and beyond through a combination of new business wins, internet retail growth and bolt-on acquisitions. True, selling generic and bespoke cardboard boxes, labels and plastic films to manufacturers is hardly the sexiest of growth businesses. But Macfarlane is the leading player in the £500m-a-year market with 20 per cent shares. And shares in the company appear undervalued on just 10 times forward earnings and boasting a more-than-twice-covered 4.2 per cent prospective dividend yield. Moreover, Macfarlane's chief executive Peter Atkinson expects the business to turn a corner in 2014 after several years of pricing pressure and subdued demand. Macfarlane has done this by targeting growth markets such as internet retail and third-party logistics companies, while keeping a tight lid on overheads. Key contract wins earlier this year with online retailers ASOS (ASC), The Hut and Feel Unique led to a step-up in underlying revenue growth to 3 per cent in the fourth quarter of 2013, up from an average of 1.5 per cent throughout the year. Encouragingly, Mr Atkinson says the improvement in trading has been sustained into the current quarter. Profits before tax and exceptional items rose to £5.1m in 2013 from £4.5m in 2012.