Mpac Share Discussion Threads

[rpab123] 09/2/2020 11:20

I appreciate cash generation is positive. But everyone saying this is dam cheap. If we accept that accounting earnings should be a proxy for cash earnings this does not look good. 2019/20/21 expected PAT 5.0/4.2/5.9 but FCF is 1.0/0.3/1.7. Most of that delta is going to the pension scheme - ie not generating any growth... FCF conversion is very low so you think you are paying 12x (on 2021 PAT) but you are actually paying 40x!!! And it is cash that matters not accounting earnings!

[solooiler] 09/2/2020 11:17

Buy yourself a sub and read the SCSW article Rpab, it's worth it. It's a business in a major positive flux. Theres a bit of pension, but there is also a stack of cash. Fully deploy the cash and they could be doing 55p eps and the pension could be gone in an accelerated 3 yrs

The market does not rerate stocks at this scale without good cause. Its still only getting to grasps with the opportunity here

[hydrus] 09/2/2020 11:06

The half year results indicate healthy cash generation (taking into account the re-stocking to support increased business). The cash payment to pension scheme was relatively small. The recent trading statement also indicates cash generation has been positive.

[rpab123] 09/2/2020 10:55

I don’t get this one - everyone saying it’s cheap on earnings (which it is) but it generates no cash as over £2m pa goes back to the pension. What am I missing? Unproven business and strategy on a <3% FCF yield..

[arregius] 09/2/2020 09:41

Wasnt that the writeup scsw made last week?

[bwm2] 09/2/2020 09:03

Nobilis
Could you copy and paste please
Thankyou

[arregius] 08/2/2020 20:43

Cant read it. Whats there

[fizzypop] 08/2/2020 15:24

Tight stock on Monday is going to get the mm marking this up to £4 or more with the SCSW recommendation.
That double dip on Friday looked suspicious to me - could it be mm stocking up in anticipation?

[solooiler] 08/2/2020 09:58

SCSW promo email may give another bump up on Monday

"We informed you last week that we were sending the February issue of Sharewatch out two weeks early because we were so excited about the companies we were covering and we knew the information had to be shared with our readers quickly.

We can now reveal the two exclusive write ups were MPAC and Reach - both of which have soared to new highs since we wrote about them. In just one week, MPAC and Reach are up 15.6% and 22.7%, respectively (as at time of sending this email), but we think they have much further to go."

[bolly7] 07/2/2020 19:19

Sorry that comment was in error

[arregius] 07/2/2020 16:15

It seems as Pharmapack2020 went pretty well. I quote.

"We’ve had an incredibly valuable time at #Pharmapack2020 and have spent the last two days connecting with thousands of industry professionals. We’ll be sharing more about it on our blog soon, so check back in with us for updates on the latest trends in #medicaldevice assembly and whole line integration!"

[studentinvestor13] 07/2/2020 13:56

I posted the below in late Jan. I've topped up my holding in the past 2 hrs by 25%.

"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."

[john09] 07/2/2020 13:34

Maybe, RCH is blue

[solooiler] 07/2/2020 13:29

You fluffed it John! Spoke too soon. Will have to settle for blue on Monday ;]

US jobs data stonkingly good

[john09] 07/2/2020 12:13

RCH and MPAC turning blue at the same time. What a surprise 😂💪&#127996;

[john09] 07/2/2020 11:38

Nah. GAN, MPAC, RCH and HSW all have news in late Feb, early Mar

[fizzypop] 07/2/2020 11:37

john09 - TSTL another one worth a look, ATH every day and up 6.4% today. I hold.

[solooiler] 07/2/2020 11:29

Tiger fancy being the brave soul to put in a negotiated trade to execute >370 and start the afternoon leg higher ;]

[castleford tiger] 07/2/2020 11:25

guys see my early post the MM went fishing and all they got was a load more orders.
Tiger

[solooiler] 07/2/2020 11:14

Thought you were kidding. Literally zero buy quote for 400 let alone 3000 shares. I can sell 8k for 363. But I won't be doing so at all

400p early next week I'm thinking

[onjohn] 07/2/2020 11:09

Still no online quote

[solooiler] 07/2/2020 11:05

Thanks. It definitely wants to trade higher. Supports my view fair value today isn't reached until we're in or above 425p.