Mpac Share Discussion Threads

[disc0dave46] 11/10/2023 21:13

CTHope it comes good for you, markets are dire at the moment but has to turn at some point.All the best

[castleford tiger] 11/10/2023 17:43

disc0

i hope i have this right but you know we cannot win them all.
Hope you are well
tiger

[c1d] 09/10/2023 21:39

I wonder why Mpac didn't feel it necessary to put out their own RNS re their being mentioned in the Ilika RNS released today?
Maybe too immaterial to warrant it as it appears the whole project is only worth £2.7m over 16 months of which Mpac presumably will receive only a part?
But another potential path to developing their clean energy offering...

hxxps://www.londonstockexchange.com/news-article/IKA/award-of-scale-up-grant-funding-for-goliath/16157415

Adam Holland, Chief Executive Officer at Mpac Group plc, expressed his enthusiasm: "We are thrilled to announce our new partnership with Ilika and UKBIC after the successful award of the prestigious ATF grant for Project SiSTEM. Mpac is a market leader in complex automation, and we are eager to leverage our expertise in developing a cutting-edge innovative solution that will enable the reliable assembly of solid state batteries. This project not only demonstrates our commitment to technological advancement but also aligns with the UK government's vision for a cleaner and more sustainable world."

[disc0dave46] 09/10/2023 19:16

They do say love is blind!

[castleford tiger] 02/10/2023 10:16

I remain buying at anything under 200 p as I think that’s plain daft
Added 90 k recently some off market but some via market. Friday was a good buying day
Tiger

[johnv] 28/9/2023 13:10

A lot of stocks priced down today.

[backmarker] 28/9/2023 12:41

So what's triggered today's sudden sell-off ?

[value viper] 25/9/2023 07:09

Yep had to be a seller with the amount of buying going on (and the shares not rising)Question obviously is are Schroders finished....

[aishah] 22/9/2023 13:47

Schroder reducing. Market absorbing though by the looks of it.

[aishah] 20/9/2023 09:08

From last results:
Order intake of £62.4m (2022: £32.8m) contributing to a closing order book of £77.5m (30 June 2022: £62.6m; 31 Dec 2022: £67.2m)

Fcsts:
EPS 2023/2024 - 26.9p / 37.9
PE - 7.44 / 5.28
PEG - 0.182 / 0.413

Outlook:
Current trading is in line with the Board's expectations and full year market guidance remains unchanged. Margins are normalising as anticipated and with a strong order book and prospects pipeline, Mpac is well positioned to deliver on the previously announced H2 weighting to the financial year, despite the challenging trading environment.

Market cap £41m, PSR 0.41 and P/B 0.65
Director buy end of May 10k@255p.

[darrin1471] 18/9/2023 17:14

Significantly higher volume today.
12 month high volume.
About 300k went through at around 193.5p

[my retirement fund] 18/9/2023 11:38

Looks excellent value if they can get their cash flow sorted.

[trendz1] 18/9/2023 10:28

Should see a rerate to £3 this year IMO

[value viper] 18/9/2023 08:20

Yes thanks Darrin

[simon gordon] 17/9/2023 10:20

Thanks for that Darrin. CEO looks switched on, smart and energised. Got a good engineering based, high quality, CV on LinkedIn.

Quarterly chart in a multi year support / resistance zone:


free stock charts from uk.advfn.com

[darrin1471] 17/9/2023 09:40

Mpac Group - Investor Presentation (Interim Results) - September 2023

[value viper] 15/9/2023 20:03

Must be a seller still / to mop up etc

[value viper] 15/9/2023 20:00

? Every deal today at / near 190p was a buy

[clive7878] 15/9/2023 19:03

Recommended in Investors Chronicle today , saying pe ratio in 2024 cud be just 4.9 looked a sure buy

There must be buts and ifs though somewhere, as trading today was a near all very much all red day of 80,000 sells

Shares now 119 - I see they're come down from £6.00
So ???? Are they on the rebound now ?

[value viper] 14/9/2023 11:11

Tiger - are you around to comment ?

[clanger66] 08/9/2023 11:04

Half year results presentation happening now, hosted by PI World.

[tanners] 07/9/2023 11:11

Hmm, it appears prima facie they have sweated their working capital by £7.9 M to pay down £3M of a loan and increase cash by c. £4M......i.e. their core trading is not actually generating any positive cash flow.

Their operating margin just looks too skinny to justify an investment imo.

[my retirement fund] 07/9/2023 08:41

What ever they are doing, you can't afford to run your book like this, certainly not in today's interest rate environment. What's going on here, are the board using the companies assets to fund the operations of some other company they have a secret interest in that no one knows about? Or am I missing something?

[my retirement fund] 07/9/2023 07:55

Looks dreadful to me, or was the market expecting worse? It certainly seems a company that serially fails to translate orders into meaningful cash flow. Where the he'll is the money going ?

[edmonda] 07/9/2023 07:45

"First half FY 23 results: orders continue to grow" - new research report from Equity Development:

For the six months to 30 June 2023, Mpac Group reported revenue of £52.8m (+4%YoY) and a closing order book of £77.5m, compared to £67.2m at FY22 year end, with order intake of £62.4m (H1 22: £32.8m). The net debt position at December 2022 of £4.7m reverted to H1 net cash of £2.2m; we estimate c£2.5m net cash for the full year.

As the combination of order uptake cashflow progress demonstrates, the Group has re-established momentum; trading remains in line with management expectations. Reported H1 EPS was (2.2p)/share; on an adjusted basis 6.8p/share (H1 22: 3.6p).

Mpac reports progress on schedule in completing the Customer Qualification Plant (CQP) project for FREYR Battery in Norway, according to required specifications. Full commissioning is expected in H2.

At the January trading update, we raised our FY23 revenue outlook from £103.6m to £104.7m, and (adj.) EBITDA to £9.6m. After reviewing H1 performance, notably the strength of order inflow, we raise our FY 23 revenue outlook again to £106.6m (+2%). Our fair value for Mpac remains 485p/share, indicative of a FY24 EV/EBITDA multiple of 3.2x.