Mpac Share Discussion Threads

[john09] 06/2/2020 09:39

This is good fun isn’t it

[nobilis] 06/2/2020 09:03

Yes, the third wave would then be 600p

[solooiler] 06/2/2020 09:01

Pure technical analysis
207p to 319p on first leg up is +54%
Start of second leg is 280p
280p +54% is 430p second leg target in the short term

Long term fundamentals could define a target way higher if they don't mis step. A reasonable 14x 2021 earnings *without* giving benefit of £18m of net cash is 14 X 42 = 588p

[nobilis] 06/2/2020 08:53

Yes. Well done mate.


39p in that case the target is closer to 600p

[castleford tiger] 06/2/2020 08:45

post 266
finally secured what I wanted started at 173 but had to finish today at 186

tiger

I should say I have bought many more since following trade update

[castleford tiger] 06/2/2020 08:42

cannot disagree with these numbers.

Can you believe I was stating the same facts in late December at 1.75p a share!!

400p today could be on the cards

I think cash could be slightly higher that 16m and I have 39p as EPS.

Tiger

[nobilis] 06/2/2020 08:26

Folks waking up to the cash adjusted PE of 7

[nobilis] 06/2/2020 07:38

The company also has a relatively strong balance sheet with cash forecast at £16m - 80 pence a share. In view of that both the company’s arms are gaining traction we are reiterating our Buy recommendation on the stock, which still looks undervalued. Results on 4 March should trigger another upgrade.

Current share price 350
Take cash off of 80p leaves 270
Earnings 37p
Cash adjusted pe is 7.3

A pe of 13 plus 80p cash leaves target of 561p

60.2% upside

[castleford tiger] 05/2/2020 17:00

Tiger here whats the question?

I was a former Tiger hence the name.

tiger

[hydrus] 05/2/2020 16:43

Castleford Tiger is someone who posts on this board Big

[big7ime] 05/2/2020 16:21

There’s that name again, I think APAD mentioned them re FEVR. Castleford Tigers
- football team?

[biteherbutt] 05/2/2020 14:13

#MPAC up another 7.7% - it's becoming a bit of a Momo Monster as people have at last woken up to the value. I'm looking at 400p minimum and I really see 600p as possible.

[biteherbutt] 05/2/2020 14:07

Bring it on!

[tongostl] 05/2/2020 13:53

Mms desperate for shares, are we going to see 400p by Friday close?

[biteherbutt] 05/2/2020 12:11

Wouldnt surprise if they unveil another acqusition with the results on 4 March, they got £20m of cash to spend doing deals
Take the cash divide by no of shares and its got almost 100p of cash!

[biteherbutt] 05/2/2020 11:45

This could be the next Judges
People sold judges at £4 and now its over £55

[middlesboroughfc] 05/2/2020 11:06

I can see these at 550p myself

[john09] 05/2/2020 10:36

Suggest buy RCH too if you want to diversify. Both had equal billing in SCSW at the weekend

[pireric] 05/2/2020 10:08

Maybe, though it needs to follow up with another 6 -12 months of good results for that. I concur broadly with others thoughts here that fair value today is probably in the low 400s level, acknowledging they need to execute further and so not wanting to be too bullish too early + pension costs. But offsetting against a great year when manufacturing was under pressure, a significant net cash pile to spend on hopefully accretive acquisitions, forecasts that feel beatable even without acquisitions, and some surplus investment property that net book value probably significant understates.

[john09] 05/2/2020 10:03

Fantastic. Still should double from here

[pireric] 05/2/2020 09:55

This move looks eerily similar to the move in the middle of 2017 in terms of chart structure

[john09] 05/2/2020 08:26

RCH on the move too

[biteherbutt] 05/2/2020 08:25

Up early doors

[cravencottage] 04/2/2020 21:57

Sol

Re-ratings …..

I certainly resonate with that.....Having held Mayborne Holdings ( MBY)

Until they they got taken out..

I have the same feeling with MPAC..

When the market is selling on a typically high PE rating and you find a rare gem like MPAC...

The best thing to do is "Let the trend be your friend"

CC