Macfarlane Share Discussion Threads

[rjd123] 29/3/2018 14:59

Any thoughts on this, seems to be a steady share price drop?

[effortless cool] 12/3/2018 21:15

Header updated to reflect the full year results.

[woodcutter] 23/2/2018 14:05

MACF yesterday

revenue growth 10%

admin growth only 6.5%

stripping out D&A admin growth 5.5%

More in the tank here as disruptive on-line retail continues

woody

[wjccghcc] 22/2/2018 07:50

I wish they'd split out amortisation in the figures. I know they're in line but it makes it hard to match up with forecasts.

[hvs] 22/2/2018 07:42

Dont forget the divi.

[nakedsteve] 22/2/2018 07:21

Profit before tax up 19%, eighth year in a row of increasing profits, further growth planned this year and trading ahead of this time last year, what more could you want from a company! :o)

[hvs] 21/2/2018 17:09

Thank you for all your efforts Cool.

Cant wait for tomorrow. Will they list their e-commerce business?

[nakedsteve] 19/2/2018 10:47

results on Thurs, should be a solid set of numbers!

[effortless cool] 15/2/2018 11:17

Come back this time next week.

[davet1p] 15/2/2018 10:53

Where are results?

[woodcutter] 21/11/2017 22:08

with revenue growing faster than o/heads and the move to higher value e-commerce penetration the debt will move down significantly. the growth in e-commerce is only just getting going and has much further to run imo. The disruptive technology of the e-commerce sector has to be serviced and imv MACF are well placed to deliver.

net debt to EBITDA is comfortably below 1.5 and the pension deficit is falling and dividend is well covered. i don't see any issues here at all.

but dyor

[insideryou] 20/11/2017 14:32

Paul scott and naked trader both in after coffee together . lol

[effortless cool] 17/11/2017 20:28

Header updated to reflect this week's trading statement. I have added some more key figures and tried to clarify the relationship between my figures and broker consensus.

Valuation up, but this drops to a HOLD for me, due to the recent strength in the share price.

[insideryou] 17/11/2017 06:40

large pension deficit. High Debt but the likely lad's group of tipsters has moved in of late and has the lemmings chasing this up. DYOR Rather naked in my opinion.

[woodcutter] 16/11/2017 15:49

i hear paul scott is on to it.

not surprised it's way undervalued imv


woody

[rhomboid] 04/11/2017 17:43

I bought back in here last week, the company continues to execute a coherent strategy v well and the Greenwood’s acquisition looks a great fit and the associated capital raise was at a minimal discount with major shareholders happy to participate.

There’s a useful Arden note available on Research Tree that covers the business well and unsurprisingly rates them highly, key point for me was over 100m m/cap puts them on a lot more institutional potential buy lists.

Rising interest rates are also a modest plus as they’ll be reflected in a reduced pension scheme actuarial deficit.

I generally hate buy & build stories but this is an exception I’m happy to make.

[hvs] 02/11/2017 11:10

lol !!!!

lol !!!!!!!

They is coming out of the woods and they does their math

[miti 1000] 01/11/2017 12:53

Added a load more today.Feels like its breaking out on volume.

[woodcutter] 31/10/2017 11:25

been buying heavy today four trades. five years of continuous eps growth debt under control and falling. revenue growing at 10% admin growing at 4% at H1. acquisition looks decent. it would be nice to see the pension deficit come down.

given that there's only 157m shares as the debt reduces the finacial costs of supporting that will go to the bottom line with a decent improvement in eps

woody

[hvs] 18/9/2017 15:04

There will b e synergies .

Nice one MACF

[hastings] 18/9/2017 07:33

Very significant acquisition here providing further opportunities for the business going forward.

[miti 1000] 18/9/2017 07:16

As I said last month, I wanted MACF to make an acquisition and they have announced that today. Enhancing in 1st year is very good.

[hvs] 06/9/2017 14:20

Thank you for that.

[effortless cool] 30/8/2017 13:52

Header updated with revised forecasts and brief feedback on the interims.

[miti 1000] 24/8/2017 13:49

Would be nice to see them kick on with a bigger acquistion to move up the value chain to supply more internet based companies .Seems like a big opportunity.