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Which newsletter? I can't find it online - thanks
by a very reputable shares newsletter this weekend....5.8x pe ex cash
Yes when you look on a next year pe of 7 and 88p cash
Simon Thompson from Investors Chronicle says fair value for MPAC is 330 pence as the shares still only trade on a cash-adjusted PE ratio of 5.5.
Good call 50glass. BOL
Excellent! Should be a 10+% today.
Mpac Group shareholders Have Enjoyed An Impressive 255% Share Price Gain.
https://simplywall.st/stocks/gb/capital-goods/aim-mpac/mpac-group-shares/news/mpac-group-lonmpac-shareholders-have-enjoyed-an-impressive-255-share-price-gain/
MPAC is an example of British manufacturing at its best.
A specialist engineering company based in Coventry, the firm’s clients include some of the biggest food, drink and drugs businesses in the world, among them Nestle, Diageo, GlaxoSmithKline, AstraZeneca and Unilever.
Under ambitious chief executive Tony Steels, Mpac is on track to grow substantially over the next few years.
https://www.thisismoney.co.uk/money/investing/article-7292485/MIDAS-SHARE-TIPS-youre-looking-lolly-invest-Mpac.html
Managed to buy 4100 shares. A trading statement is likely in the early January. Should do very well.
2018 EPS 4.5p
2019 EPS 28.7p forecast
Very illiquid stock, difficult to get in or out.
Bought some today
Cheap but cash collection needs to improve, working capital movements were horrendous. Interesting to see if the drive to move away from plastic packaging helps or hinders in the long term.
Yes, all good news.
From recent rns: "Profits for the full year expected to be significantly above current market expectations"
Good write-up today. https://www.investorschronicle.co.uk/comment/2019/09/09/mpac-delivers-fourth-earnings-upgrade-this-year/ GLA
Full write up on MPAC with a buy on a 2 to 3 year hold in the Mail on Sunday.
https://www.thisismoney.co.uk/money/investing/article-7292485/MIDAS-SHARE-TIPS-youre-looking-lolly-invest-Mpac.html
"I feel that shares have strong potential to surpass my previous target price of 225p as more investors cotton on to the strong earnings upgrade momentum that is unfolding. In fact, I have upgraded my target price to 250p. I am not the only one as Panmure have raised their target this morning from 259p to 300p and Equity Development have upgraded their target from 245p to 260p. Strong buy."
https://www.investorschronicle.co.uk/comment/2019/07/16/bargain-shares-mpac-delivers-third-major-earnings-upgrade-since-march/
Still under-valued even after today’s sp increase.
Presumably its a buy?
Very positive. Let's see what the market makes of it.
Charts say share price will close gap to 220 pence.
Time will tell.
You and me are both positive.
Appears to me, based on the latest news, that the cash is being held to fund an acquistion, rather than commence dividend payments.
Charts say that share price will hit 212.5p short term as long as it stays above 150p. Time will tell
Simon Thompson has just tipped this after todays close and has a strong buy with a price of 225p..