Mpac Share Discussion Threads

[kevph] 03/9/2020 09:41

Good spot, topped up. Think the results are reassuring with the EV making this a very cheap business. Back on track for 2021 in my view. GLA

[castleford tiger] 03/9/2020 09:39

It’s started

[castleford tiger] 03/9/2020 09:17

Get ready for the pull back it’s coming

[castleford tiger] 03/9/2020 08:36

Big
Yes it’s one of my longest holdings
Tiger

[bubloo] 03/9/2020 08:34

I think good buy at around 2.50

[bigbigdave] 03/9/2020 08:18

CT - I take it you will mention MPAC at next week's PI world interview?

[arregius] 03/9/2020 08:13

Better?? You already knew we were down 30%

[castleford tiger] 03/9/2020 08:13

Strong numbers and a great buying chance
It will turn today to close pretty flat
Tiger

[arregius] 03/9/2020 08:13

Ahahahahahah wake up

[sailorsam1] 03/9/2020 08:05

Agreed. Was expecting better

[tongostl] 03/9/2020 08:00

Rubbish results. Things have gotten worse than previously thought. The company is constricting as its competitors gain market position.

[fuji99] 03/9/2020 07:55

Decent results although not stellar but good cash balance and excellent technology. The share price could go either way but for the long term, it is a strong hold regardless of daily or weekly blips.

[edmonda] 03/9/2020 07:41

Strong start to H2 as demand returns COVID-19 has impacted businesses in many different ways. However for specialist high speed packaging & automation solutions provider Mpac, we think the pandemic will prove to be a long-term positive. Why?

Well the lockdowns have already started to accelerate both the reshoring of US production back from China (re supply chain disruption & US tariffs), and the adoption of the company’s expanding suite of Industry 4.0 solutions, such as remote diagnostics, virtual machine testing/commissioning & augmented reality training.

H1’20 turnover fell 20% (-32% LFL) to £36.6m YoY, due to deferred shipments, tough comparatives (record H1’19 of £45.8m) and difficulties accessing client sites. Yet equally no orders have been cancelled, whilst operating margins came in at a healthy 7.1% (adjusted EBIT £2.6m), thanks to favourable mix. Higher spare part volumes drove service revenues up +30% YoY - equivalent to 26% sales vs 17% LY.

Moreover order intake declined by only -6% to £30.5m (£32.6m LY), underlining the natural resilience of their core markets: namely Healthcare (eg GSK, CooperVision, Bausch+Lomb), Food/Beverage (Ice-cream, popcorn) and pharmaceuticals. Elsewhere, net funds closed June up £4.5m to £22.5m (or 112p/share vs £18.0m Dec’19), benefitting from tight working capital control (£3.5m inflow) and cash collection (re debtor days at pre CV19 levels). All told, providing plenty of fire-power in the event suitable M&A opportunities become available at attractive prices.

[bigbigdave] 03/9/2020 07:32

Of late results with just a whiff of positivity in the face of Covid have been well received, fingers crossed for the same here.

[garth] 03/9/2020 07:18

Nice cash generation during uncertain times.

G.

[our haven] 03/9/2020 07:18

Good to see the cash growth position and no orders cancelled. The service side continues to develop well. All in all, a good set of figures given the backdrop. Market view however could go either way initially, we are in very strange times as we have all seen recently when results are announced.

[our haven] 02/9/2020 17:22

Looking forward to seeing tomorrow's results. 7.00am look so there will be plenty of time before the opening to sum up the direction of travel tomorrow. I too am bullish but we will see.

[castleford tiger] 02/9/2020 17:21

massive turn around in last 2 hours.

Its still way too cheap.

tiger

[arregius] 02/9/2020 16:51

Very nice close!I am confident and very bullish in this company

[andy2205] 02/9/2020 16:29

Indeed, £3.20 to buy just now. Am in at c£2.58.

[bigbigdave] 02/9/2020 16:13

Breaking out prior to results, fingers crossed for tomorrow.

[arregius] 02/9/2020 08:48

Results tomorrow fingers crossed

[arregius] 21/8/2020 11:52

Some buys coming

[castleford tiger] 19/8/2020 08:15

Take a look at their we. Site now!
8.5 p divi
Special possibly up to 50 p once we sell property.
Shares tightly held