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MACF Macfarlane Group Plc

135.00
2.50 (1.89%)
Last Updated: 13:19:17
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Macfarlane Group Plc LSE:MACF London Ordinary Share GB0005518872 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.50 1.89% 135.00 135.00 137.00 135.00 135.00 135.00 44,635 13:19:17
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 290.43M 15.64M 0.0984 13.72 214.59M
Macfarlane Group Plc is listed in the Business Services sector of the London Stock Exchange with ticker MACF. The last closing price for Macfarlane was 132.50p. Over the last year, Macfarlane shares have traded in a share price range of 98.60p to 137.00p.

Macfarlane currently has 158,952,000 shares in issue. The market capitalisation of Macfarlane is £214.59 million. Macfarlane has a price to earnings ratio (PE ratio) of 13.72.

Macfarlane Share Discussion Threads

Showing 1476 to 1500 of 2200 messages
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DateSubjectAuthorDiscuss
12/7/2013
12:29
Following the issue of the Interim Management Statement on 7 May 2013, Macfarlane Group PLC confirms that it will announce its interim results for the six months ended 30 June 2013 on Thursday 29 August 2013.
aleman
09/7/2013
22:43
Watch whether Miton Group picked up any of Kite's stake.

Would be a pity if their analysts ducked it: conversely a plus if they bought.

coolen
09/7/2013
14:39
Kite had 2.195m with the last notification. Yesterday's 500,000 and today's 1,500,000 & 175,000 trades takes care of all but 20,000 shares. So you might be right about a clear out. Meanwhile, a historic PE of 8 falling to nearer 7 on 2013 earnings and a dividend yield of 5.4%. Free cash flow is about 8% of the market cap even after those huge pension contributions to address the deficit. Looks under-priced to me.
superstardj
09/7/2013
13:38
Another big trade today might presage the final capitulation of Kite Packaging Group. Their stake, at one time 13%, has been a Damoclean sword hanging over the poor shareholders of macf and their attempts to dictate an agenda to management have now been well and truly rebuffed.
Where now? Well, with the strengthening of the board and some real traction in labels market we could see some growth to earnings and a reasonably secure dividend - not a rocket fuelled propulsion to the share price, but maybe some forward momentum.

cs44
01/7/2013
08:06
From June WHI SPY


Taking the low road to the high ground

MACF is the leading player in
distribution sector, which accounts
for 80% of its revenues – it is the only player
with a comprehensive, national offering
(in a fragmented market) and the product
base (bubble, paper cushioning, silica
gel, chips and a host of other products)
is essential to clients who need to ensure
safe transit. Beyond this, MACF also
manufactures packaging from two sites
for attractive markets such as aerospace,
medical equipment, electronics and
automotive. It is also well-positioned as the
designer and producer of self-adhesive
labels. With these positions acting as a
strong platform, MACF has made good
progress in recent times, growing EPS by
26% in FY2012 (December year end) and
with net debt / EBITDA at modest levels –
under 1x. The yield is a generous 5%-plus.

WHAT WE LIKE
We like the management's record of
generating earnings growth in a not so
promising backdrop. We view the underlying
sectors in which MACF operates as
fundamentally defensive – though resealable
labels have experienced very strong
demand. However setting these on one side,
growth has been hard to come back against
a backdrop of economic difficulty in recent
years. MACF has taken the low road of
generating efficiencies (£0.5 m of costs out
last year), improving the business mix and
reducing net debt and bearing down on
the pension deficit. We believe the MACF
management has shown that it is capable
of maintaining this track record – making this
an attractive pick given the modest yield.

Estimates (Dec) 2012 (A) 2013 (E) 2014 (E)
Revenues (£m) 141.8 145.0 146.0
PBT (£m) 5.2 5.5 5.9
EPS (p) 3.3 3.7 3.9
P/E (x) 8.6 7.7 7.3
EV/EBITDA 8.0 7.0 6.0
DIV (p) 1.6 1.6 1.6
Yield (%) 5.6 5.6 5.6
Source: Consensus forecasts. Analyst: Nick Spoliar

shauney2
30/6/2013
15:06
shauney, unable to locate.what does the article say
bernie37
30/6/2013
13:07
A note from WHIreland through WHI SPY

hxxp://www.wh-ireland.co.uk/archive/WHIspy/WHI-Spy-June2013.pdf

shauney2
28/6/2013
13:14
Is this waking up? Seems to be some big trades recently.
chickcrumbs
07/5/2013
13:33
A trade at 30p. How many years since that was last sighted (!) ?
coolen
07/5/2013
11:49
Pretty healthy sounding IMS despite little turnover growth. These should do well If the economy ever shows any growth.
aleman
11/4/2013
16:24
Some nice buying today.Go ex dividend in a month or so for 3%+
Around the same time as the IMS.If its positive we should get that for nothing.

shauney2
05/4/2013
14:08
Respectable volume and share price movement today as I write, on yet another tough day for the market (darn the US non farm payroll numbers!)
dashton42
20/3/2013
18:16
Don't know who you're talking to, hvs, but if its me, I can confirm that, to the best of my knowledge, I'm not gaston - whoever/whatever that is.
dashton42
20/3/2013
16:41
U sure you arent gaston ?
hvs
16/3/2013
18:45
I'm thinking about dipping a toe here, after the company came to my attention in a stock screen - though not without some reservations regarding the pension deficit.

This is quite useful, though I don't think it says anything new:

dashton42
10/3/2013
09:23
Thank you shauney2.

As I said before a 2-3 year view here will be very beneficial and in the meantime nice income.

hvs
08/3/2013
12:34
A note from Edison.
shauney2
05/3/2013
19:33
Per my posting elsewhere (VCP), the Miton RNS indeed reflects a new fund manager for Henderson Fledgling Trust.

This year, that trust will merge with Diverse Income Trust which is run by ex-Gartmore man Mr Gervais Williams. That could trigger a bit of action.

coolen
05/3/2013
18:43
Bought in today, the drop seemed unjustified.

I read the RNS to mean the Henderson fund had been transferred to Miton, not that they had actually bought the shares.

See here:

taylor20
05/3/2013
18:14
IC summary:

IC VIEW:
Macfarlane's share price has risen almost 60 per cent since the lows of last summer. The packaging sector continues to push against economic headwinds and investors need to consider Macfarlane's £18.9m in pension liabilities, as well as its £6.7m in net debt. Nevertheless, priced at seven times forecast earnings, the shares look cheap considering the single-digit EPS growth expectations combined with the value in the well-covered, near 6 per cent yield. Management say they are "comfortable" with how business has been from January to March. So we continue to rate the shares a buy.
Last IC view: Buy, 20p, 30 Aug 2012

penpont
05/3/2013
16:33
Kite still have around 5 million going by the recent holdings RNS.

For me the results were positive.Good to see growth from the internet side and an increase in profit in a subdued market and the maintaned dividend.

The pension deficit is a big problem.They have reduced by 600k.Still at 19 million to a market cap of 30million.

The new director being ex DS Smith the Miton holdings increase by such a large amount and the prospect of a 6% dividend for the year pursuaded me to invest the last smidgen of cash in my ISA for this year.

shauney2
05/3/2013
15:48
mitin fund managers have a very good track record,that is a slug of stock they have bought..
limit up
05/3/2013
13:27
Perhaps this means that Kifin (Kite) Group have now exited. If this proves to be the case, then a persistent seller will be out and no more overhangs!
cs44
05/3/2013
13:14
Anyone notice Big increase in Mitin Group Plc holding ?
hvs
05/3/2013
11:12
s34icknote your last post frightened me until I realised that you had added an extra zero 62,912 shares were sold NOT 620,000
investoree
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