Mpac Share Discussion Threads

[richjp] 25/1/2020 15:09

Does anyone know when the full results will be published?

Last year it was 5th March.

[nimbo1] 25/1/2020 11:05

Thanks pireric - clearly dry January doing my brain cells lasting damage

From my average price it would be 300 - if it ever happens :)

[pireric] 24/1/2020 22:48

200% rather than 300% upside in your scenario, nimbo :0)

[nimbo1] 24/1/2020 21:55

On the subject of price targets I think we should be a bit more optimistic - if an eps over 40 is hit next year these will have rerated above 15x earnings by that point. So well over 100% upside and could be way more when the story becomes popular. An exit of 20x 45p gives a nice round target of £9 and 300% upside from here...stranger things have happened : ) - of course it may not happen but important to have potential in ones sights!

[castleford tiger] 24/1/2020 18:23

not much wrong with your maths.

Strange price last 2 days. Its being held at one price. It never moved.

Anyway big upside but we all know that.

Tiger

[studentinvestor13] 24/1/2020 18:14

I purchased some stock today. Looks a superb investment even at 300 pence

Earnings upgrade after upgrade. Next year earnings are 42 pence and all estimates at similar level.

7.1 times next year's earnings is ludicrous in this environment. That could move to 10 , be 45% upside and still be cheap IMHO

DYOR

My feeling. 12.5x next year's earnings of 45 pence = 560 pence. 86% up

Could be a top stock of 2020.

[castleford tiger] 23/1/2020 21:26

Building for another leg up to 350 with a stable price all day.
No rush as I know we will get there
Tiger

[interceptor2] 22/1/2020 16:21

Agree they look like a zulu opportunity on a very low PER,some investors may hold off because of the pension deficit but it reduced from £69.9 in June 15 to £35.2m in June 18 which was 18 months ago, so really an historic issue.

The markets is waking up to the growth opportunity here, a company expecting full year performance ahead of recently upgraded expectations only 4 months previously is rare in these markets.

[nimbo1] 22/1/2020 16:09

Its not just the fact its cheap - operates in the automation sector - rating could turn from depressed to popular over time. could rerate strongly on earnings growth and multiple expansion... a decent Zulu principle opportunity in the making : )

[shaker44] 22/1/2020 14:46

Yep looks cheap

[castleford tiger] 22/1/2020 14:17

eps forecast last year 33.7 to 38p you tell me if its cheap?

market cap 58m less 20m cash gives a value of 38m and profits of 7 + m

Bought a few small chunks today bigger amounts cannot be found.

I shall keep buying sub 300p as its free money (in my opinion )

Tiger

[shaker44] 22/1/2020 12:19

Clearly you are not buying enough Tiger! Dug deeper please!! Just sell a few dtg

[shanklin] 22/1/2020 12:02

Now you tell us :-(

[castleford tiger] 22/1/2020 11:48

284.9 WAS or appears to be another good entry point. Coming back fast again
tiger

[castleford tiger] 22/1/2020 11:36

had to start buying again

tiger

[shaker44] 20/1/2020 15:09

Well in front

[castleford tiger] 20/1/2020 14:56

Hopefully you are in front now

[shaker44] 20/1/2020 14:14

A vote of thanks for the heads up on MPAC tiger. I bought early last week but skipped tnd

[pireric] 19/1/2020 08:31

FYI, EqDev 2019 EPS is 33.7p. Other 2 brokers are at 37.2p and 37.6p, so more around your forecasts CT

[castleford tiger] 18/1/2020 13:04

Pireric

My point any sign of an industry boost and we could really grow.

60m market cap is a good size for growth.

Long may it continue
tiger

[pireric] 18/1/2020 10:43

What's impressive is that MPAC did as well as they did in 2019, despite the industrial backdrop globally being weak. And that's now starting to inflect upwards

[castleford tiger] 18/1/2020 10:22

Indeed and the mix is important.
You will have some guidance so I am happy that you play the "conservative card"

I am told by my Tadcaster contacts Lambert is in full swing and a very good order pipeline.

I am not bothered if the prices rises this year or next I can wait. It will however get there as management are right across this.
We both agree by any method of valuation its far too cheap.

I waited at DART when nobody saw value. I mentioned 20 pounds and they all laughed.

Haver a good weekend
Tiger

[equitydev] 18/1/2020 09:30

Thanks Castleford

One thing just to consider in your forecasts, is that for 2019 the product mix was skewed towards 'standardised' machine revenues – which generate higher gross margins (re-economies of scale).

In my 2020 numbers, I've factored in a more 'traditional' blend of standardised vs customised equipment sales.

[castleford tiger] 18/1/2020 09:12

Shanklin I am sure we agree........
Equity

Thanks and I thought the last note whilst good left a great deal for upgrade potential in current year.
The numbers suggest a flat year but I am sure the company is just being cautious.

Only 8 months of Lambert will be in last year so 30% t/o lift there.

I think eps 38/40p in last year and 45/50p in current year.
We should be worth 100m market cap less cash gives only 80m valuation.

I seriously can see a doubling from here once we get numbers. You hint as much in the note.
Its not a case here that anyone has missed the boat here as the future looks very bright

tiger

[shanklin] 17/1/2020 22:24

Hi CT

Not sure if we are agreeing or disagreeing but thank you for highlighting MPAC for such a long time that I eventually took a proper look at it.