Mpac Share Discussion Threads

[bigbigdave] 10/9/2020 09:59

Reckon CT is going to give these a big up in today's PI World interview, might provide a boost.

[our haven] 10/9/2020 09:14

Encouraging buying for the first hour.

[our haven] 09/9/2020 19:00

Thanks Arregius, much appreciated.

[arregius] 09/9/2020 16:18

https://research.equitydevelopment.co.uk/research/mpac-discusses-switchback-acquisitionGreat interview with Tony

[our haven] 09/9/2020 15:00

Rachael777 Went in my favour this time. Are you still expecting a big pull back?

[castleford tiger] 09/9/2020 14:05

there is a big pull back from China to same country production.

we are well on the track to be a 100 to 120m valuation company by the end of the next financial year.

I base that on us making 10m and a valuation of 10 to 12 times......which is very low.

so my target end of 2021 is 600p

tiger

[bigbigdave] 09/9/2020 13:21

Equity Development
@equity_research
#MPAC interview with CEO, Tony Steels, discussing the synergies they hope to achieve with today's acquisition of Switchback.

[shaker44] 09/9/2020 12:34

Yep. Looks great

[mfhmfh] 09/9/2020 12:07

something else to consider:

CEO has said one of the consequences of Covid-19 will be an acceleration of the move to automation.

Equity Development has noted 'unseasonally strong July bookings, especially in North America...'

50% of MPAC's revenues in the first half were from the Americas.

Today's RNS:

' Switchback was founded in 2006 and is a provider of packaging machinery and AUTOMATION SOLUTIONS...'

'Switchback will provide a platform to further build our business in the USA giving access to a wider customer base...'

From the CEO:

"Switchback's performance during the COVID pandemic has been strong with a good orderbook, demonstrating the high quality of the business."

[mfhmfh] 09/9/2020 11:38

I'm also grateful to those who sold their shares on the cheap.

ST target price was 350p before today's announcement.

Equity Development target price 380p.

[shaker44] 09/9/2020 11:31

Don't know anything about their overseas acquisition track record but they are notorious for their Nasty surprises not discovered by Due Diligence. And they will lose at least one key executive from UK to ride shotgun in USA. Hopefully they have all that covered.

[investor0109] 09/9/2020 11:10

mfhmfh- Quite agree, excellent news and likely to enhance earnings immediately. MPAC undervalued prior to today's announcement, so now represents something of a bargain in my view. Grateful to those who sold their shares on the cheap following results last week.

[mfhmfh] 09/9/2020 11:03

15k buy at 300.55. Who was that?

[mfhmfh] 09/9/2020 09:48

great news today IMHO.

this was mentioned in the recent half-year report:


'The Board continues to evaluate potential acquisition opportunities that strategically fit and which will enhance our global presence in packaging solutions serving the Healthcare, Pharmaceutical and Food and Beverage markets. An active pipeline of opportunities continues to be progressed.'


perhaps more acquisitions to come.

[bwm2] 09/9/2020 08:36

CT to plagiarise you "sounds abought right"

[our haven] 09/9/2020 08:22

CT You were right about the accelerated growth by acquisition that you mentioned last week. Happy days!

[castleford tiger] 09/9/2020 08:17

300 to buy looks so cheap

[castleford tiger] 09/9/2020 08:16

And that’s on a few months !!
I am going for 8 million profit next year and 12 x earnings giving cap of 100
This is 500 p a share of which you can add another 50 p for cash

This has a long way to go

[bigbigdave] 09/9/2020 07:46

Equity Development’s Paul Hill on MPAC: I have increased my 2020 sales (+5%) & adjusted EBIT (+9%) forecasts to £83.6m & £5.8m - in turn lifting the valuation by 8.5% to 380p/share.

[castleford tiger] 09/9/2020 07:40

Excellent news and should add a few hundred thousand this year to bottom line and a couple of million year after.
This can very quickly race to 10 m profit a year.
Then the valuation needs to be 120/140 m
Which is 6/7 pounds a share.
Exciting times

[our haven] 09/9/2020 07:13

The purchase of Switchback looks a perfect fit for MPAC. Great purchase in the US market.

[bigbigdave] 09/9/2020 07:07

Nice....

RNS Number : 4009Y

Mpac Group PLC

09 September 2020

9 September 2020

Mpac Group plc

("Mpac" or the "Company")

Acquisition of Switchback Group, Inc.

Mpac Group plc (AIM: MPAC) a global leader in high speed packaging and automation solutions is pleased to announce that it has acquired the entire issued share capital of Switchback Group, Inc. ("Switchback"), a USA based supplier of packaging machinery and automation solutions to the food, beverage and healthcare markets (the "Acquisition"). The Board expects the Acquisition to be immediately earnings enhancing.

[castleford tiger] 08/9/2020 08:27

Yes pal
@castlefordtiger