Mpac Share Discussion Threads

[equitydev] 17/1/2020 20:05

Here's a chart/Tweet Castleford that supports you view on valuation.

[castleford tiger] 17/1/2020 19:53

Still massive upside in my opinion
Tiger

[nimbo1] 17/1/2020 13:39

supply has been tight since this morning.

[castleford tiger] 15/1/2020 11:50

Lambert recorded order intake of £24.5m in 2018, entering 2019 with a significantly higher order book than the previous year, providing confidence in its expected out-turn for the current financial year

Yes thanks I prefer the above as a guide.
We know that sales were 5.5m by the end of June.

Just a gut feeling they are way ahead.

Tiger

[shanklin] 15/1/2020 08:51

Hi CT

Per

turnover was £17.9m in 2018

[castleford tiger] 15/1/2020 08:47

for last year Lambert t/o is given in the note at 15m

However
The addition of Lambert to the Group in May 2019 further strengthens our position in the market to deliver complete solutions

we did 5.5m in May and June ( half time report)

First area to upgrade.

tiger

[pireric] 15/1/2020 08:44

The reality is that even before considering further upgrades to current forecasts, I'm not convinced this should trade on less than 12x earnings. That's already pointing to a 4 handle on the share price.

[mfhmfh] 15/1/2020 08:37

I agree: 330-350p conservative IMHO.

[castleford tiger] 15/1/2020 08:31

agree with you there.
At least the brokers said 350 and possibly much higher.

I am hearing Lamberts are doing really well ( they are just up the road from me )
and as such I expect some serious upgrades on current years numbers.

Tiger

[bazzer1000] 15/1/2020 08:16

Castleford

Yes. Agreed. I thought ST's improved target of 330p he announced on monday still a little conservative. Plenty of cash to do more aquisitions. For me a trade that's turning into a longer term thing.

Baz

[castleford tiger] 14/1/2020 17:15

Bazzer 1000

anyone with common sense would still be buying these as still under 10x earnings.
We have 88p of net cash per share as of today.

The company brokers have left current year very much untouched with no further growth predicted.

Well that's rubbish as the last year will not have 12 months of Lambert included. Just 8 months.
So 30% uplift in sales there.
This is the right size to attract attention. Possibly a bid.

I am thinking 10m profit meaning we should be market cap 120m that's 10x EPS plus net cash
100 +20m =120m. ( we agree on the net cash of 20 m )
That's nearer 600p than 300p That's my target by march next year

tiger

[bazzer1000] 14/1/2020 16:50

I make it more than 2m vol since TU last week. 10% of total shares in issue. Someone is adding and it's not just pi's.....thoughts?

[nimbo1] 13/1/2020 21:45

stock sucker why are you mass spanning every board. Anyone know how to get rid of excrement from these forums?

[gary1966] 13/1/2020 19:31

Well I sold just under 25K shares at about the low point today as the RSI was very elevated and it seemed to be struggling to continue its ascent. Thought ST would have updated before today and so have got on the wrong side of that one. Anyway banked my second very good profit on MPAC and so won't grumble and wish you all well as I agree it is undervalued but have seen too many good, quick profits, go through not taking them. Will keep a very close eye on them and will see where the price is at when the RSI has fallen. Not bothered if I pay more further down the line as long as the RSI is at historically low levels.

ATB

[arregius] 13/1/2020 17:52

https://www.mpac-lambert.com/New website

[castleford tiger] 13/1/2020 16:02

my opinion its far too early to cash the chips in.
This could be a multi bagger( tempted to say WILL ) but that might be misleading

tiger

[pireric] 13/1/2020 15:01

Worth giving the Equity development note a read bubloo. Type Equity Development into Google and then Mpac is high up their recent notes list

[bubloo] 13/1/2020 14:51

pireric

thx for the reply

can you please expand on what you have mentioned as bonds matching pension risk or direct me to where that info is available please

[mad foetus] 13/1/2020 14:37

I took my profit too, 216 to 285 in under a week, GLA

[pireric] 13/1/2020 14:34

The pension liabilities are now matched by bonds bubloo so the risk is taken out of them, and you can basically net off the cash balance versus the pension deficit cash requirements. Still leaves the stock well shy of 10x earnings

The not much growth for next year I think will prove too cautious. Have had numerous and substantial upgrades to forecasts in 2019

[bubloo] 13/1/2020 14:24

i found interesting. was about to place a buy order, but realised pension liabilities of close to 380 million for a small company. Is this not a huge risk in view of headwind on forex and not much growth expected in 2020

[arregius] 13/1/2020 14:24

Took your profit? I wonder hoy many owner operators are remaining in the stock market. Good luck. Longterm holder