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I think that has possibly been a notable week. Aside from a very small dip yesterday the stock has gained modestly each day since last Fri and not had a pull back. I can't recall when it was last able to do that. Let's see if it can consolidate and continue to make modest gains through to the results this month and then we'll see where we go.

The stock has been hammered since last weeks results. It’s overdone. I would expect these to rally once the uncertainty over tariffs is out of the way and US businesses can have greater certainty over their capex decisions.

I noted today that Angling Direct is now the largest holding of Onward Opportunities (where Laurence Hulse is fund manager), according to their top ten holdings declared for the fund at end June 2025.They're showing a lot of fait in this stock.

Notable time Harwood taking a position.

I’d hardly describe 30% gains in 6-7 months boring. It has comfortably beaten the market this year and I suspect will continue to accumulate towards analyst targets of 30p or so, especially after the next results and any announcement of returning value to shareholders via dividend or buy back.

Understood 42. I agree with your thoughts on the future of the business. It has the potential to rise substantially over the next few years. I anticipate holding for the long term.

I’ve only

Busted noted that a new short position (at 0.5%) opened on 4th July. Somewhat contrarian to the wider recommendations that this stock still has some further upside - 9 analysts covering the stock all have this as a buy or outperform and a consensus target of 313p. Investor chronicle noted in May that the stock at that time was trading at half of its five year average and also rated the stock a buy.

I’m not sure I agree 42. Consensus estimates were for annual revenues of £65 and eps of c.24p. These results, to my mind, exceed these projections and put the business on a forward PE of approx 11. It strikes me that the business is relatively cheap and has good potential upside, built on a foundation of consistent delivery. It’s also growing cash at a significant clip. The business has only one analyst covering it and I just don’t think the wider market has woken up to the potential of the business.

Surprised by the initial sp reaction here. These are outstanding results and yet the sp falls?

Looking forward to seeing these tomorrow. It’s been a fairly quiet six months so I think we need a strong set of interims for the company to continue to show the promise and potential that so many believe is there. Let’s see.

Obscure - thanks for sharing your thoughts on this.

Surfit - isn’t the point of the investment blog to share knowledge and ideas? My question was a simple one - seeking thoughts from those that have followed the company for some time. I’m more than comfortable and capable of doing my own research and my own investment decisions.

Chariot came to my attention yesterday as it

Was referenced in this week’s investor chronicle. Simon Thomson had previously recommended it as a “speculative buy” and provided an update recommending it as “hold”. Based in the article there does seem to be significant potential upside. I’d be interested in others view on the investment case here from those that have followed the company for

Some time. It seems from the feed to be a popular investment to follow.

That was not the opinion at the time. No-one thought that they had overpaid - indeed the common view was that both were sound acquisitions. And as far as I’m aware no-one is saying that these were poor acquisitions today. If you take the respective market caps of Mcap and the two acquisitions at the time - approx £150m combined the two acquisitions are now effectively in the share price for nought with some left over. This hasn’t become a bad business because of tariff uncertainty outwith their control. It may well come back all the stronger for it.

Thanks for sharing, Rivaldo. That feels like a fair assessment of the business and a realistic target for the share price.

Once again today the share price falls back after a positive day yesterday. The stock just can't hold onto its gains. Perhaps when we see this have a short period of sustained gains we'll know it has turned a corner.

The market cap of Mpac is now noted as being approx £86m. Given it paid a combined £60m for CSI Palletiser and Boston Conveyor & Automation late last year - both very accretive to profits and considered to be positive acquisitions for Mpac - it feels that the sell off is overdone. The root cause of the profit warning was outwith Mpac's control and largely amounts to uncertainty created by tariffs. That will pass and I expect patience will be rewarded by the share price appreciating over time.

There’s been quite a few changes in short positions in recent weeks, most recently yesterday with the number of shorts reducing to 5 - at a cumulative 4.3%. No overall trend as yet but good to see some closing their positions. Hopefully this develops into a trend and we see the shares lift.

We’re really seeing some strong growth in the share price now. Next set of results will be interesting. It will either consolidate and power on, or fall back.

I’m surprised there is no other interest in this etf given that defence is clearly a sector that should continue to see increased investment for a number of years.