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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 |
Date | Subject | Author | Discuss |
---|---|---|---|
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-irelan | 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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