The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Share price of 142.50p and tipped in the investors chronicle today by Simon Thompson again.
There is a gap in the chart between the 8th and 9th of Nov 2018 at 146 pence which will get filled in the next few days as it always does when it comes this close but from there not sure where it is going after that.
...gives increased potential for the recommencement of dividend payments.
Should have got out when the going was good. Cash still provides a good buffer though so i am not particularly worried.
Could drift but not by much as current valuation is almost fully backed by its cash pile and furthermore tangible NAV is £51million. which compares with market cap of £28million. I am in this for the long run. If anything, I think it could spike up or stay around these levels. Simon Thompson has tipped this a few times..
I should have sold. Inevitable drift without news.
I have stayed in for now as have quite a buffer. I expect the sp to drift until further news but not worried as i think this is a good long term hold.
Hope you stayed onboard. The more I look at the MPAC the more I see value.
Glad i bought in at 118 when company was worth less than cash. Now the debate, hold or take profit?
Positive article by ST in the IC today. He has (also) set a 225p target, albeit slightly less than his previous 250p figure.
Yes, the land. Clearly need to be patient here to allow management to move us on from the legacy issues. Overall the future looks pretty promising. SP north of 225p is my starting target.
Could well be worth Sterling10m+
Worth less than cash, had to be a buy at this level.
Overdone now as valued at estimated year end cash balance. Yes there is a pension concern but a couple of interest rate hikes will solve that.
He does win more than he loses but: - market has been rising so if you throw enough darts..... - he has had multiple total wipe outs - his successes are exaggerated by the 10% ish markup all shares seem to get when he tips them. Makes it a lot easier to out perform However, I agree he does his research and is more thorough than most
I’ve followed ST for the last couple of years, some recommendations have gone down but most have gone up, your never going to get it right all of the time! Overall his research is sound, unfortunately your always at the mercy of those trading updates and you can only rely on the last update to guide the way! GLA
Follow ST if you want, I did with Globo and Circle Oil, both went bust :-(
I'm afraid no amount of research would have revealed this 35% crash. Only three months ago the board were saying how good the order book was.The cash position was & still is exceptional.I am wary as often profit warnings come in two's or three's It sounds as if the major technical problems on two big contracts are still not fully resolved.
Simon has an excellent record.At the same time as recommending Mpac,He also strongly recommended Bilby which I have held since it's EIS quote for over three years, which has doubled in that time.
I regard Simon as an excellent commentator. The vast majority of his recommendations are very sound. Unfortunately, there are 'investors' who simply follow his recommendations without doing their own research.
I know some will have lost out here for now but ST has backed up his comment yesterday with a recovery Buy recommendation today stating ‘MPACs shares, at £1.40, are rated on a cash adjusted 2018 PE ratio of 4, falling to 2 in 2019! Investors have severely overreacted to the warning, and I rate the shares a recovery Buy.’ Those waivering on wether to sell might be better off holding for now in my opinion. Obviously this is as long as there are no other negative updates to come! All just for info, I know there’s a lot of negativity from the original ST article but hopefully this’ll help lift the share price in the right direction! GLA
Simon Thompson also recommended two Chinese scam companies that went bust; NBU and CAMK. He really should be fired from IC.
Only yesterday IC's Simon Thompson recommended buy at 210p. Currently today the price is 125p, down 42% on yesterday's close.
This company has just posted excellent numbers for 2017 with a big cash pile and strong order book. Not sure that there is enough supporters of the stock yet though. The management team need to invest in a proper IR team to encourage more investment in what is a good story these days.
I just hope that the full year report is better than the new name for the company that was known as molins. just google mpac and see what other answers you can end up with. Surely someone at the company should have tried this before deciding to try retaining "m" for molins pac for packaging, not very original.