Macfarlane Share Discussion Threads

[bernie37] 10/10/2011 15:06

Are Macf in good shape for the next 12mth

[diku] 10/10/2011 14:55

MRPHIL....not just here its across the board...this year PI's favourite shares are nursing heavy loses & in some cases making new lows...

[bernie37] 10/10/2011 11:43

what hope is there?

[mrphil] 10/10/2011 11:31

Not been the greatest year for the sp!

[hvs] 23/7/2011 10:44

Kite never flew.

Hope it cost them a bit messing around with MACF.

[cs44] 05/7/2011 09:51

Lots of stock on offer again, perhaps Kite is trying to shift more.

[cs44] 19/6/2011 09:51

It looks like Kite Packaging are exiting their interest in MACF. The rumour that Bruce McInnes wanted to remove CEO Peter Atkinson and carry out a reverse takeover may, or may not be true, but it has not been a good investment for Kite. One must assume that Kite no longer feels that MACF is vunerable - good news for shareholders - but, of course, the number of shares left to sell could hold the share price back.

[joeall] 09/6/2011 10:03

When does macf go xd,is it today or the 11th..I've seen both dates mentioned.
Please ignore ....EUREKA...

[l376233] 07/6/2011 12:54

I think I might do the same

[gorse] 07/6/2011 12:04

Bought some for my nephew after the burst of directors' purchases announced this morning.

[l376233] 04/6/2011 10:55

cs44, thanks for your feedback. the dividend yield is good even so I am holding over 185k shares at an average price of 37.4p and have been holding over 7years would like to buy some more, not brave enough this time.

[cs44] 04/6/2011 06:22

13...

Quite honestly I haven't a clue where the share price will go. We have just had over 1 million shares sold and if the seller has more to offload then.....!!
I picked up some at what I think is a good price, the dividend ( fairly safe ) at this level is close to 7%.
The AGM statement was, in my opinion, positive and I liked the fact that distribution was well ahead of last year.
As I said above I respect the integrity of management and their attitude to market information.

[l376233] 03/6/2011 20:15

cs44.do you think macf share price levelled off,we have had some buying today

[cs44] 02/6/2011 15:02

The reason for the share price fall looks to be the result of a negotiated trade of 927k shares at 23.25p. I wonder who was the recipient - we will probably get an rns soon.

[cs44] 02/6/2011 11:39

Someone has just sold 50k shares at 22p! They must either be desperate, or know something that we don't!!
I've always found the management at MACF to be exemplary in respect of information to the market and therefore I wouldn't expect a profits' warning.

[cs44] 25/5/2011 14:28

There's quite a lot of stock on offer so the share price is likely to be under some pressure.

[cs44] 22/5/2011 13:52

There has been a little selling recently and not much demand from buyers, however the volumes have been pretty insignificant. Perhaps someone wants to offload a stake and is causing an overhang on the stock. The AGM statement was quite positive and should give some confidence to holders.

[l376233] 22/5/2011 11:31

Thanks,the share price is moving south,for what reason?

[cs44] 22/5/2011 08:38

137--

I don't know much about risk grades, but I cannot see that MACF's risk status has changed significantly recently. You could argue that risk has reduced because the pension deficit is down, profit profile improving and debt manageable. Of course it would be preferable that the debt and deficit were much lower.

[cs44] 13/5/2011 15:06

Barclays has the same figures - I assume they have confused MACF with some other company. If you look at net profit estimates for 2011 & 2112 and take into account the number of shares in issue, then the figures are completely wrong.

[cs44] 10/5/2011 14:49

The main driver (forgive the pun!) of the business, distribution, is forging ahead and it should provide an impetus towards good full year results. I expect to see some broker upgrades soon, despite the fact that MACF gets very little coverage.

[aleman] 10/5/2011 12:18

Revenue in our Packaging Distribution business is 4% ahead of last year and despite continuing raw material price pressure, profitability is well ahead of that achieved in 2010. Progress in this business is now reflecting the impact from a number of our strategic initiatives, most notably increased penetration of the UK third-party logistics sector and the launch of a range of Presentational and Retail Packaging products.

As part of our plan to reduce operating costs in the Packaging Distribution business, the Regional Distribution Centre ("RDC") at Hayes will be relocated in the middle of 2011 to lower cost premises. There are other opportunities under consideration to reduce the long-term property cost of our Packaging Distribution business and these will be advised when concluded.

Our Manufacturing Operations' revenue is 2% below 2010 levels, mainly due to reduced sales volumes in our Labels business, resulting in a small loss in this business for the year to date. However there is good momentum in the Reseal-it(TM) label range, which we expect to address these pressures and enable the business to return to profitability. Progress continues in the Packaging Manufacturing business, which made a small profit in the year to date.

The Group is evaluating additional strategies to further reduce the pension scheme deficit. Although net debt has increased in line with our normal business cycle in the first half of 2011, the Group continues to operate well within its existing bank facilities. As previously indicated, we shall pay a dividend of 1.05p per share on 9 June 2011, subject to shareholder approval later today.

There are real opportunities for Macfarlane Group in our strategic action plans and these provide encouraging growth potential. We have an able and committed complement of people and they are focused on the exciting challenges ahead.

Against a background of continuing economic uncertainty, the business continues to perform in line with the Board's expectations for 2011."

Seems to be turning the corner and pensions deficits have been shrinking elsewhere. The more promising outlook should see these playing with 30p again.

[cs44] 08/5/2011 09:58

AGM Tuesday - hopefully a positive statement!