Mpac Share Discussion Threads

[backmarker] 03/4/2024 10:41

MPAC appears to report every 6 months, so newsflow may be a bit thin in the next few months.I think this is an excellent company and will look to add once they start moving up again which I anticipate will be ahead of the next trading update.

[bwm2] 28/3/2024 19:46

Just listened to the presentation which sets out the 5 year objectives and how they are to be achieved...Importantly, this video left me with the belief that they can achieve them and so for me I won't be selling at the broker forecasts

[charlotte2020] 26/3/2024 17:03

Thank you very much indeed Tiger. Much appreciated.

[edmonda] 26/3/2024 12:18

Mpac Group - Investor Presentation (FY Results) - March 2024

Adam Holland (CEO) and Will Wilkins (Group Finance Director) of Mpac Group conducted an Investor Presentation covering their FY Results for the period ended 31 Dec 2023.

After a short video ("Innovation Unleashed"), management ran viewers through highlights of the period including strong financial performance, returning the Group to revenue and profit growth, and positive net cash. The team updated investors on progress towards strategic objectives and discussed the Group's ambitions, as well as providing a detailed financial review and answering questions in a wide-ranging Q&A session.

The full video is available below, divided into chapters:
0:00:03 Mpac corporate video ("Innovation Unleased")
0:06:49 About Mpac, including case studies (Adam Holland, CEO)
0:21:22 Financials (Will Wilkins, Group FD)
0:30:53 Ambition & Strategy
0:39:38 Summary & Outlook
0:40:35 Questions & Answers

Full video here:

[gswredland] 25/3/2024 11:44

Well they are cheap even at these levels
Have they been tipped in national press eg midas in mail?

[our haven] 25/3/2024 11:24

Agree CT, it's on the move again.

[castleford tiger] 25/3/2024 11:23

Looking like 500 very soon

[backmarker] 25/3/2024 09:11

Correction. VINO results were 1H, not EOY.

[backmarker] 25/3/2024 09:09

Off topic. I mentioned VINO a few weeks ago. As expected they came out this morning with a strong set of EOY Accts. Lots of cash. Lots of potential. Key thing will be how they can grow the business. Company Presentation on Thursday should amplify what we already know.

[charlotte2020] 23/3/2024 17:44

That's great. I'll find it I'm sure. Thanks for your help.

[castleford tiger] 23/3/2024 13:56

Equity development did it so they might have it.

It was said that it was being recorded so it will be on there and eventually on MPAC site.

Its 100% worth watching. I learned a great deal and i thought i knew the company well
tiger

[charlotte2020] 22/3/2024 17:21

Thank you CT. Is it on their corporate website?Kind regards

[gswredland] 22/3/2024 14:54

Thanks Castle

[castleford tiger] 22/3/2024 11:31

great presentation.

Keys facts.

Double sales and profit in 5 years.

looking for the right bolt on companies

pension expense 1.1 m but interest was 1.5m

new targets for current year as more growth coming through.

you can watch on catch up.

Under 500p is a steal IN MY OPINION.

Tiger

[disc0dave46] 21/3/2024 10:37

Nice one CTStill don't fancy this one, no offence to holders or you chap, could be pure stubbornness or my gut feeling, who knows! Thanks will take a butchers at MFX, but fancy BGEO, have watched for a while now.All the best

[castleford tiger] 19/3/2024 22:40

Pleased you made a few Bob.
Remember we don’t always get them right.
Mpac/Mfx/Hsp / jet2 I mentioned in this pi world from a good while ago.

[techno20] 19/3/2024 22:12

Lovely write up on the IC website from Simon Thompson…

Conclusion….”However, with margins set to recover further and robust order intake de-risking earnings forecasts, the ongoing rally has scope to achieve analysts' fair valuation prices of 500p (Liberum), 530p (Equity Development) and 500-600p (Shore Capital). Buy”

Thanks to CT for your unwavering insight & positivity, which led me stay invested, when I would have otherwise bailed some time back!

[tatie] 19/3/2024 19:04

Many thanks. That’ll do for me

[castleford tiger] 19/3/2024 17:11

As previously announced, there has been increasing macro-economic uncertainty and unprecedented volatility in the global supply chain. This has impacted both the timing of customers' order placement and is causing operational challenges, in particular relating to the sourcing of critical, customer specified electronic components. The Group continues to respond dynamically to meet its customers' expectations, including investing in inventory and work in progress to ensure we remain a reliable partner to our customers. However, these challenges have become more acute in recent months resulting in extended lead times and cost inflationary pressures which are impacting the Group's operational efficiencies and margins. Consequently, the Group now expects that profit in respect of FY22 will be significantly below current market expectations.

Supply chain and operational challenges are likely to continue for the remainder of 2022, before easing in 2023. In the meantime, the Group has been proactive in implementing mitigation measures which include securing alternative sources of electronic component supply, increased focus on reliable planning data from our recently implemented ERP system, close management of our supply chain and implementing cost savings initiatives.

Beyond these short-term operational challenges, the longer-term outlook for the business remains positive. We carry forward a strong prospect pipeline and order book, concentrated on companies in our core, resilient, end markets of Healthcare and Food and Beverage and the balance sheet remains strong providing us with the ability to invest in the Group for growth over the medium term and beyond.

THAT kind of sums up what caused the fall off.

If you look a recovery in 2 nd half v first half.........the current year could be very good.

I remain a buyer on weakness ( sub 400) but think 500/750 is a fair target if they hit projected sales.

tiger

[tatie] 19/3/2024 15:45

Forgive me but I’m new to this company. Saw the write-up in the Sunday press a short time ago and today’s results confirmed the favourable impression. But, and it’s difficult to believe it’s entirely COVID-related, what caused the share price to decline from over 600p in mid 2021 to 200p at the end of last year. Most effects of COVID had been shaken off by then surely?

[castleford tiger] 19/3/2024 13:19

SUPRISED its still under 500p.

Disc........join the party there is still much to give.

Or have a look at MFX results due and on a p/e under 5 with net worth more than market cap!

I will give my full opinion later as a bit busy today

[disc0dave46] 19/3/2024 13:00

That's true. Perhaos I've focused too much on the pension, who knows in 12 months time what the contribution will be. If you are okay with the adjustment anyway then it makes no difference.

[shaker45] 19/3/2024 12:28

So the original plan projected contributions back to normal in Nov 2025? But revalued 31 Dec 23 as ahead of plan. Not much of a deficit now then

[our haven] 19/3/2024 10:52

Excellent results and plenty of upside from here IMO.I am happy to hold even though it is getting a bit heavy as a percentage of my portfolio. Nice problem to have, but I will have to review if it climbs up as I think it will.