Mpac Share Discussion Threads

[gswredland] 10/7/2024 10:03

Onwards and up soon

[tomg23] 10/7/2024 09:40

Meaning you sold at the open and was hoping it went down badly :-)

[brummy_git] 10/7/2024 08:10

Another positive trading update from Mpac today.

All the news & commentary here

[johnrxx99] 10/7/2024 06:56

No mention of the battery job - could go down badly.

[edmonda] 10/7/2024 06:40

Mpac Group: H1 Trading Update: positive momentum continues

n a Trading Update for the six months to 30 June 2024, Mpac reports strong order intake of c.£60m and a closing first half order book of c.£71m. Consequently, the Group expects to post H1 24 revenue of c.£61m, significantly ahead year-on-year, being 16% above H1 23 (£52.8m).

A consequence of the strength of first half order intake is, as anticipated, an expansion of working capital, required to provision inventory for new projects. This is expected to unwind in the second half alongside the gathering pace of performance towards the close of the year. The estimated H1 revenue of c.£61m represents 50.8% of our FY24 target (£120m), whereas at the same stage in FY23 (£52.8m), H1 revenue represented 46.2% of the full year outcome (£114.2m).

Having raised both our estimates and fair value in March, we maintain our current outlook.

Despite a strong run, Mpac’s share price is currently trading at 5% below its one-year high and the outlook indicates that the Group continues to offer compelling value. Our Fair Value of 530p/share is indicative of a FY25 EV/EBITDA multiple of 7.1x and PE of 12.1x, respectively 33% and 28% below the market cap weighted average of a group of Mpac peers, on multiples of 10.6x EV/EBITDA and 16.9x PE.

Link to research note:

[ayl30] 10/7/2024 06:22

Reassuring rns today, setting up H2 for an 'outperform'

[evoque92] 23/6/2024 10:19

MPAC target multiples diacussed on Vox on YouTube

/m.youtube.com/watch?v=aoRiYOGz1_M&t=4s&pp=ygUObGF1cmVuY2UgaHVsc2U%3D

[gswredland] 21/6/2024 10:46

Thank you red

[redwing1] 21/6/2024 08:25

Uh, did you not see the post literally one up from John's? TU has been on July 11th in the past two years.

p.s. these things are not difficult to find for yourself. There are several of websites that show RNS announcements

[gswredland] 20/6/2024 11:34

Yes agreed john

Do we know when the next TU is likely please guys?

[johnrxx99] 19/6/2024 07:15

Has held up well in the current market weakness.

[backmarker] 17/6/2024 04:35

Trading update due in a few weeks, at or around 11 July. I anticipate encouraging numbers.

[partridge1948] 03/6/2024 14:57

A long term holder. Pleased to see increase in Service revenues last year to just under £32M. Margins on service work usually quite healthy, so not sure how much the £82M of OE revenues contributed to pre tax profit £4.7M. With healthy manufacturing order book there would seem to be plenty of opportunity to grow the bottom line if they can get margins better on the OE side - 10% would be nice, and should be achievable? Always dyor.

[gswredland] 28/5/2024 15:25

Thank you Tony

[tonytyke2] 28/5/2024 10:20

Not sure what Stocko info you were looking for gswredland but they have a high Stock rank of 89 with 3 long screens passed, 1 growth and 2 momentum.

[gswredland] 24/5/2024 15:32

I wonder how stockopedia rates MPAC?

[bigbigdave] 24/5/2024 07:07

"Brummy_Git" (post 2096) is actually Paul Hill :o)

[evoque92] 24/5/2024 06:52

videos.voxmarkets.co.uk/video/6783/vox-markets-fund-manager-series-laurence-hulse-of-dowgate-wealth/

top function if google paul hill Laurence Hulse

[castleford tiger] 23/5/2024 09:52

do you have a link please? EVOQUE

[gswredland] 23/5/2024 09:50

Has anyone worked out the PE here please?

[evoque92] 23/5/2024 05:45

Yes velvettide, Laurence hulse on with Paul hill Vox talked about it in December worth a watch

[backmarker] 22/5/2024 12:55

The higher the MPAC share price goes the more frequently I review my holding as I imagine any serious investor will.I believe 600p is achievable by end-24. But if they can make progress on their 3-year ambitions then 1000p by end-26 is surely well within reach.

[velvetide] 22/5/2024 12:49

Now a blue sky stock? I seem to remember listening to a podcast in which it was claimed that techniques from Molin's tobacco processing tech could be applied to revolutionise battery production, so maybe soon to see all time highs?

[brummy_git] 22/5/2024 12:37

All the commentary & news here wrt today's break-through FREYR battery news for MPAC

[edmonda] 22/5/2024 12:12

More good news today as the first production trial of 24M Technologies SemiSolidTM unit cells has been completed in Norway 👋👋

Read Equity Dev's recent note as to why they see Fair Value for MPAC shares still above current levels: