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MACF Macfarlane Group Plc

106.00
1.00 (0.95%)
Last Updated: 11:20:06
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 Shares Traded Last Trade
  1.00 0.95% 106.00 40,936 11:20:06
Bid Price Offer Price High Price Low Price Open Price
105.00 107.00 106.00 106.00 106.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 280.71M 14.97M 0.0938 11.30 167.58M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:20:05 O 278 107.00 GBX

Macfarlane (MACF) Latest News

Macfarlane (MACF) Discussions and Chat

Macfarlane Forums and Chat

Date Time Title Posts
12/11/202408:14Macfarlane Group - The Long Story575
31/3/201508:06Macfarlane - a company at the crossroads1,041
06/8/200718:16Serious Director Buying442
13/5/200610:39Macfarlane tipped in the FT(Lex)123

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Macfarlane (MACF) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:20:06107.00278297.46O
11:19:48106.1020,00021,220.00O
11:18:01106.002223.32AT
11:15:55106.0011.06O
11:15:51106.006872.08AT

Macfarlane (MACF) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 by Macfarlane Daily Update
Macfarlane Group Plc is listed in the Business Services, Nec sector of the London Stock Exchange with ticker MACF. The last closing price for Macfarlane was 105p.
Macfarlane currently has 159,600,000 shares in issue. The market capitalisation of Macfarlane is £169,176,000.
Macfarlane has a price to earnings ratio (PE ratio) of 11.30.
This morning MACF shares opened at 106p
Posted at 12/11/2024 08:14 by nchanning
As regards NI and minimum wage impact here , this will be significant . However they are in exactly the same situation as the supermarkets - domestic business competing only against domestic businesses in exactly the same situation . You would expect price rises by all players to match increasing costs
Posted at 19/10/2024 09:09 by nchanning
Even something very conservative like :The company will only buy back shares when the Free cash flow yield is over 8 % and only up to 0.5 x debt to ebitda .Very little risk for such a stable predictable business to use the balance sheet to retire some shares at such a bargain price . Plenty of headroom to do acquisitions as they arise
Posted at 23/8/2024 15:18 by masurenguy
Been on my Watchlist for awhile. Nice and quiet thread but still watching and waiting.

Mark Simpson takes a cautious, but broadly neutral view, of the interims.

"Resilient performance in the period; trading broadly in line for the full year

When a company begins their results with the dreaded R-word in the title, you know there is trouble to come. “Broadly” always means below, of course. Then, when they started their Full-Year Results with the results table and now begin with the narrative, investors are sure to fear the worst. In reality, this is a relatively minor profits warning, with Shore reducing EPS from 12.5p to 12.0p and similar changes in future years. Handily, Shore have also been given the real numbers we want to know:

Revenue decreased by 8% (-11% organic, split equally volume and price with +3% from acquisitions

It's a freely accessible note, but in principle, we don't like the idea that a company only communicates the key information that investors need to know to make an informed decision via the brokers. In light of the volume down by 5.5%, this is a pretty good margin performance, helped by higher-margin manufacturing, which is growing as a proportion of revenue. You have to wonder how long margins can hold up against volume declines, though. Shore are forecasting no real growth over the five-year period to 2026. This gives ammunition to both the bulls and the bears.

The bears will point out that a P/E of 9.6 looks high for a company unable to generate any organic growth over the medium term, that has just warned on profits. Particularly in the current market where many companies that aren’t growing EPS rapidly or have warned look even cheaper. The bulls will point out the longer-term success story and say that these figures won’t include anything for acquisitions that could be funded from free cash flow.

Perhaps the reality is somewhere in between and the market has priced this one about right for the moment. At least until there is a clearer picture of whether this warning is the start of a negative trend or if acquisitions will prove current forecasts too conservative."
Posted at 29/3/2024 17:27 by pireric
Good to see some more sustained interest in MACF over past months

Eric
Posted at 17/3/2024 15:29 by bsdjj
https://www.thisismoney.co.uk/money/mailplus/article-13204473/MIDAS-SHARE-TIPS-UPDATE-Market-leader-Macfarlane-stays-ahead-pack.html
Posted at 13/3/2024 12:07 by nchanning
It's really hard to lose making acquisitions at this price . Perhaps there are not enough left in the UK to use all of the cashflow, but Germany offers a new pipeline . After the economic brutality of the last couple of years perhaps there will be a few more vendors around in the UK anyway
Posted at 19/10/2023 09:22 by nchanning
I like the acquisition too , if Macfarlane was trading on 15 times earnings . MACF on about 5.5 x EV/EBITDA , so very comparable to the acquisition and a 300m revenue business with multiple revenue lines is considerably higher quality than a tiny 3m revenue packaging company and should command a much higher multiple . At the very least every textbook on capital allocation would tell you when your stock falls to incredibly cheap levels stop paying a dividend and start buying back stock . I genuinely think if the stock was half this level management would continue to say 'we know the dividend is important' and 'we have been successful with acquisitions in the past so we're going to do more.
Posted at 30/8/2023 11:38 by nchanning
Presentation yesterday reinforced my view that management are trustworthy and excellent operators . The only thing that disappointed was that they declined to show a totally rational attitude to capital allocation . They continually repeated that they wanted to grow the business by doing more acquisitions because they have done that successfully rather than do share buybacks . But at the same time they recognised that they are now , thanks to the lowly share price , buying companies on a similar rating to themselves . Yet Macfarlane is clearly a more valuable business than a regional distributor with its track record , extra scale and diversity of business lines . The best way to create value right now is to start buying back 10% of shares outstanding every year
Posted at 26/7/2022 19:32 by tole
https://www.fool.co.uk/2022/07/26/this-stock-could-be-i-of-my-best-shares-to-buy-for-long-term-growth-and-returns/This stock could be 1 of my best shares to buy for long-term growth and returns!This Fool is looking for the best shares to buy now and believes this stock could be a good option for dividends and growth.Jabran Khan?Published 26 July, 3:06 pm BSTMACFFinding the best shares to buy is a core part of my investment strategy. I believe Macfarlane Group (LSE:MACF) is a stock that could grow exponentially over the years as well as provide consistent returns. Could now be a good time for me to buy the shares? Let's take a look.Packaging and labellingAs a quick introduction, Macfarlane is a packaging and labelling business based in Scotland. After being established over 70 years ago, it has grown into one of the largest distributors of packaging products in the UK with over 1,000 employees. It also sells its products into Europe and the US.So what's happening with Macfarlane shares currently? Well, as I write, they're trading for 118p. At this time last year, the stock was trading for 112p, which equates to a 5% return over a 12-month period.The biggest risks to Macfarlane's growth currently are macroeconomic headwinds. Soaring inflation has led to rising cost of raw materials. Furthermore, there is currently a global supply chain crisis that has affected many sectors and industries.Macfarlane could be adversely affected by rising materials costs. Packaging products require lots of raw materials to manufacture. These rising costs could squeeze profit margins, which in turn could affect performance and investor returns. If it decides to put prices up, it could lose business to competitors too.The global supply chain crisis has led to many businesses being unable to provide products to their customers. Macfarlane's sales, performance, and returns could be affected if this crisis continues.The bull caseSo to the positives then. Firstly, the packaging and labelling market has grown massively in recent years. This is linked to the e-commerce boom and the explosion of online shopping, which has been exacerbated by the pandemic. Macfarlane should be able to leverage its dominant market position to grow its business and performance.Next, let's take a look at Macfarlane's performance, although I do understand that past performance is not a guarantee of the future. Looking back, Macfarlane has grown revenue and profit in three out of the past four years. The only year when levels dropped was 2020, this was due to the pandemic. 2021 performance was higher than pre-pandemic levels, which is encouraging.So on to the Macfarlane share price. At current levels, the shares look decent value for money on a price-to-earnings ratio of 13. Many of my best shares to buy have pulled back in the past few months which has thrown up some bargain buys.Finally, Macfarlane shares would boost my passive income stream through dividend payments. The current dividend yield on offer is 2.7%, which is higher than the FTSE 250 average of just under 2%. I am aware that dividends can be cancelled at any time, however.Overall I do believe that Macfarlane shares could be a great addition to my holdings for long-term growth and consistent returns. I would buy the shares and hold on to them.
Posted at 18/4/2022 18:31 by tole
https://www.fool.co.uk/2022/04/18/1-growth-stock-i-expect-to-see-on-the-ftse-100-within-5-years/The FTSE 100 is the premier index in the UK and the holy grail that all listed companies would like to reside on. One growth stock I believe could enter the index within a five-year period is Macfarlane Group (LSE:MACF). I'm planning on buying the shares for my holdings.Labelling and packagingMacfarlane Group is a Scottish-based packaging and labelling business with roots stretching back over 70 years. It is one of the largest distributors of protective packaging products in the UK. Supported by 1,000 employees, its customer base spans the UK, Europe, and the US.As I write, Macfarlane shares are trading for 127p. At this time last year, the shares were trading for 110p, which is a 15% increase over a 12-month period.Labelling and packaging may sound a bit boring. But I'm not looking for thrills, I'm looking for a growth stock with a good track record of performance and one eye on the future. I believe Macfarlane ticks all these boxes.Risks involvedMacfarlane Group could see profit margins squeezed due to rising costs of raw materials and the supply chain crisis.These two macroeconomic factors are affecting many businesses across lots of different sectors currently.If Macfarlane cannot fulfil orders due to the supply chain crisis, this could affect performance, growth, and returns. Furthermore, if raw materials are costing more, it may need to charge more to keep profits up. This could result in a loss of customers to competitors.A growth stock I'd buy for my holdingsFor any stock to continue growing organically along with acquisitions, I believe it must be on sound financial footing. I usually review a firm's trading record and balance sheet. I do understand that past performance is not a guarantee of the future, however.Macfarlane has increased revenue and profit year-on-year between 2018 and 2021 (aside from a small drop in 2020 due to the pandemic). Its 2021 annual report was released last month and made for excellent reading, in my opinion.Another reason I believe Macfarlane is a growth stock with lots of potential ahead is due to the market it operates in. Packaging and labelling is thriving right now due to the rise of e-commerce and is set to grow. In fact, the pandemic only exacerbated online shopping and the demand for packaging and labelling products.At current levels Macfarlane Group shares look cheap to me with a price-to-earnings ratio of 14. In addition to this, buying the shares now would help me build a passive income stream. Macfarlane has a dividend yield of over 2.5%, which is already higher than the FTSE 250 average yield.I do believe Macfarlane Group is an exciting growth stock with lots of potential ahead. At current levels the shares are cheap and pay a dividend. Macfarlane has a consistent record of growing performance and completes acquisitions to enhance its offering too. It is also operating in a burgeoning sector thanks to the rise of e-commerce. I will be buying the shares for my holdings and holding them for the long term.
Macfarlane share price data is direct from the London Stock Exchange

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