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Pin to quick picksMpac Group Plc Share News (MPAC)

Share Price Information for Mpac Group Plc (MPAC)

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Share Price: 472.50
Bid: 465.00
Ask: 480.00
Change: 0.00 (0.00%)
Spread: 15.00 (3.226%)
Open: 472.50
High: 472.50
Low: 472.50
Prev. Close: 472.50
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Sunday share tips: Concurrent Technologies, Mpac

Sun, 04th Feb 2024 17:11

(Sharecast News) - The Financial Mail on Sunday's Midas column touted shares of Concurrent Technologies to readers, arguing that the company was in the right spot and at the right time.

Cascading conflicts in Ukraine and Gaza, alongside tensions in the Red Sea or Taiwan Strait were making many politicians around the world wonder whether their country's armed forces were up to scratch.

Well, the company's computers were made precisely to be used in war zones.

Concurrent had recently shifted its focus from telecoms to defence, with its chief executive officer, Miles Adcock having also gone about reenergising the firm since he joined in 2021.

Adcock, who had decades of experience at BAE Systems and Qinetiq, was hoping to more than triple turnover to £100m over the next few years.

The company could also expect to benefit from changes in the U.S. Pentagon's procurement policies, which were expected to favour smaller players.

"While current economic conditions do not automatically lead to increased spending on defence, they certainly focus government minds - and that is likely to benefit Concurrent," Midas added.

"At 86p, the shares are a long-term buy."

The Sunday Times's Lucy Tobin tipped shares of Mpac, telling readers that shares in the maker of niche packaging machines were undervalued and a 'buy'.

Mpac's machines have been used to pack everything from Unilever's pyramid-shaped teabags through to Covid tests.

The company was now also involved in helping clients make production lines more efficient and had diversified into new industries, including for battery cells in the US.

Looking ahead to its full-year results announcement in March, analysts were estimating that sales rose by 10% while pre-tax profit doubled.

Yet huge opportunities remained for Mpac, including in robotics, 5G and AI control systems, the tipster added.

Indeed, ShoreCap analysts expected to see a significant acceleration in growth over the next few years.

Furthermore, the shares were changing hands on a price-to-earnings multiple of eight, against 17 times for UK engineers such as Weir or Smiths Group.

Tobin also noted the £2m in cash sitting on the company's balance sheet which could be deployed on acquisitions in the "very fragmented" automated-packaging market.

More News
22 Mar 2023 10:49

Mpac Group shares down on yearly profit fall; CEO Steels to retire

(Alliance News) - Mpac Group PLC on Wednesday reported a plunge in its annual profit as costs rose. and announced the retirement of its chief executive officer Tony Steels.

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22 Mar 2023 09:48

Mpac names Adam Holland as CEO

(Sharecast News) - Packaging firm Mpac revealed on Wednesday that Adam Holland will take over as chief executive on 17 May.

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15 Mar 2023 15:43

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Oxford Nanopore Technologies PLCFull Year Results
Pebble Group PLCFull Year Results
Quixant PLCFull Year Results
ScS Group PLCHalf Year Results
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Staffline Group PLCFull Year Results
Tissue Regenix Group PLCFull Year Results
Trustpilot Group PLCFull Year Results
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Zotefoams PLCFull Year Results
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Atalaya Mining PLCFull Year Results
BioPharma Credit PLCFull Year Results
Blackbird PLCFull Year Results
Bloomsbury Publishing PLCTrading Statement
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Fevertree Drinks PLCFull Year Results
Genel Energy PLCFull Year Results
Gresham House PLCFull Year Results
Hostelworld Group PLCFull Year Results
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LSL Property Services PLCFull Year Results
Mpac Group PLCFull Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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16 Jan 2023 14:14

TRADING UPDATES: Ashtead Technology expects annual revenue to rise

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15 Sep 2022 14:23

IN BRIEF: Mpac shares up three-year supply agreement with FREYR

Mpac Group PLC - Tadcaster, England-based packaging and automation company - Announces that it has signed a framework agreement with FREYR Battery for an initial three-year period. The agreement means MPac will have the exclusive supply of the casting and unit cell assembly equipment for the battery cell production line in FREYR's Giga Arctic factory in Norway. FREYR is a developer of clean, next-generation battery capacity.

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8 Sep 2022 13:05

MPac Group turns to loss as inflationary pressure erodes margins

(Alliance News) - Mpac Group PLC shares fell on Thursday midday after the company reported a loss in its first half.

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8 Sep 2022 11:13

AIM WINNERS & LOSERS: Warpaint soars on higher full-year expectations

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1 Sep 2022 15:59

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Barratt Developments PLCFull Year Results
Equals Group PLCHalf Year Results
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Curtis Banks Group PLCHalf Year Results
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Destiny Pharma PLCHalf Year Results
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Copyright 2022 Alliance News Limited. All Rights Reserved.

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11 Jul 2022 14:56

Mpac warns on full-year profits amid 'challenging' trading

(Sharecast News) - High-speed packaging and automation company Mpac Group said in a trading update on Monday that it continued to make progress during its first half despite a "challenging" trading environment, although it warned on profit for the full year amid some serious operational difficulties.

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11 Jul 2022 11:22

AIM WINNERS & LOSERS: Joules calls in KPMG; Mpac warns on profit

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11 Jul 2022 09:40

Mpac shares plunge on annual profit warning amid harsh conditions

(Alliance News) - Shares in Mpac Group PLC plunged on Monday as it expects profit for 2022 to be significantly below market expectations, as a result of supply chain disruption and cost inflationary pressures affecting its operational efficiencies and margins.

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