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228% increase since start of 2020.
There were two 100k share purchases yesterday to help
There hasn't been an IC update, the last one was in October. GLA
I wondered whether an IC / Simon Thompson update might be behind today's move. Thanks for the confirmation.
https://twitter.com/surprised_trade/status/1331956805908525056
.packing it on
Supports Panmure target.
https://www.investorschronicle.co.uk/comment/2020/10/26/technology-stocks-for-the-new-normal/
GLA
Panmure Gordon has pushed through material earnings upgrades for Mpac. After applying the average UK engineering sector rating of 15.6 times 2021 earnings estimates, and adjusting for net cash and Mpac’s £35.2m actuarial pension deficit, Panmure arrives at a new target price of 461p.
https://twitter.com/surprised_trade/status/1319556581739155456
back in MPAC 3.54p .....initial target 400p
after previousy hitting 3.90p target, all indicates new high's ahead of 400p+ .
Cheap valuation. Mechanised / robotic packaging machinery. I don’t know who their competitors are.
I'm fairly new to this stock. Can anyone tell me what their advantage is over competitors? Thanks
https://twitter.com/surprised_trade/status/1310497211973853190
recent results were good and growth expected ahead, pulled back recently with general mkt , however, intial target raised to 390p+
Simon has updated Monday's article this morning in light of the acquisition and raised his target price from 330p to 350p.
https://www.investorschronicle.co.uk/comment/2020/09/07/manufacturing-gains/
GLA
https://twitter.com/surprised_trade/status/1303579037881839620
earnings enhancing acquistion
Looks like a great move.
https://twitter.com/surprised_trade/status/1302889077826609153
recent results were good and growth expected ahead, now profit takers clearing opportunity for re-entry
Take out out the cash and you have an EV of £33.7m. That's still just about 7.5x underlying earnings (annualised). Seems well run in H1 and well positioned for when Covid retreats. Acquisitions (and itself being bought out) add further reason to hold and top-up, IMO.
sitting on 22.5 mill cash =£1.12 per share.cracking result.
Due next week as per last post ,rerate incoming weathered covid remarkably well .Big push up into next week.
Great timing !
These are due a rerate and think this might be the start.
Good luck with your holding
grabbed some at 2.51p :-)
An overlooked issue regarding the company relates to land.
There is a possibility that at some point MPAC will be successful in obtaining planning permission for 10 acres of land at Monks Risborough, Buckinghamshire. I understand that this used to be a sports ground and the company no longer requires it. Currently on the books valued at £0.8m, I suspect there's substantial value there.
Have a look at Google Maps for Monks Risborough. "Molins Ground" is located East of the station.
I agree that this is presently undervalued and have been buying a few since the announcement. Much further to go me thinks
Good luck
What a performance ! I think the market and investors are realising its true potential and understanding its resilience during the hardest times ever. Then its value is peanuts compared to what it can deliver. 50 million market cap delivering 88 million revenue with better numbers at the end of this year. IMO this is far undervalued.
Gives me confidence in the future.