Mpac Share Discussion Threads

[deadly] 01/11/2024 09:46

Sudden jump today; any news?

[someuwin] 01/11/2024 09:45

Something going on here? Can't buy many online.

[backmarker] 24/10/2024 07:41

Interesting couple of TR-1s. I wonder if we may get more?

[wrighna1] 23/10/2024 19:48

Thanks all. Have mine now. Tempted to have another nibble at 4.50

[johnrxx99] 23/10/2024 15:09

Techno20, cheers.

[techno20] 23/10/2024 12:58

Mine allotted too via Hargreaves.

Johnrxx99. Worth subscribing to Research Tree to get the full report, but summary comment is below…

Mpac announced the bolt-on acquisition of BCA on 18th September for £13.4m (6.6x historic EV/EBITDA multiple) On 1st October, it announced the transformative acquisition of CSi for c. £49m (8.0x historic EV/EBITDA multiple), including deal costs. To fund the latter deal, a £30m equity placing was undertaken with resolutions passed at a General Meeting on 18 October. The deals will give Mpac end-to-end turnkey capability, and broaden the product range, customer base and geographic reach. Cross-selling and cost synergies should be material but are not factored into our forecasts. We see FY26E sales doubling on FY23, two years ahead of management’s target. Adj. EBIT increases by 105% from £11.2m pre-deals in FY24E to £23.3m in FY26E. Adj. EPS increases by 40% in FY26E vs 38.7p pre-deals in FY24E, reflecting higher interest costs and share count (based on the equity raise at 400p). Postdeal FY24E net debt/EBITDA (ex-leases) of 1.8x falls to 0.1x by FY26E, benefiting from CSi’s negative working capital model. Post-deal TP 800p, move from u/r to Buy.

[mfhmfh] 23/10/2024 12:31

Schroeder's at 17.46%

[castleford tiger] 23/10/2024 08:41

MINE ARE in all our accounts
via redmayne

[johnrxx99] 23/10/2024 08:34

wrighna1, ii have alotted mine and in the portfolio

[wrighna1] 23/10/2024 08:26

I am with interactive investor and the retail share allotment has still not been finalised. So they still have my subscription but I don't have the shares. Anyone else got them?

[chester9] 23/10/2024 07:27

SP has to clear any 10% gainers on raise. After that fully expect it to start motoring up. Combined revenues give you £8 off modest PE. The exciting part is the ability to bid for bigger projects with a greater end to end capability.

[johnrxx99] 22/10/2024 03:16

Techno20 - can you post it please if possible.

[techno20] 21/10/2024 20:22

Topped up earlier. Upbeat note out today from Panmure, with a post deal target price of £8.

[backmarker] 21/10/2024 15:39

Not as much selling as I expected. Maybe some more tomorrow, but we'll see.Anyway a great opportunity for me to buy back in today at around 450p.Could this reach 600p by Xmas? That's a bit of an ask. But 600p by this time next year? Now that is highly likely. A return of over 30% in a year. What's not to like?

[backmarker] 16/10/2024 14:20

Maybe just MMs caught short of stock while they await the sell-offs from the 400p trough-guzzlers. That wasn't a heap of buying behind that rise.

[chester9] 16/10/2024 13:56

19k volume and share price up 4%. Let's see at 4:30 someone in background.

[chester9] 14/10/2024 10:58

New shares go live on 21st. Still sitting on a 10% premium to the 4.00 offer price. Once sellers are out of the way the share price will rerate. Down to Adam and team to make it work, not easy but that's their job. Hopefully an update in January as March is a long way for FY update. If they deliver the share price is forecast to double.

[castleford tiger] 14/10/2024 10:51

THERE WILL BE no premium left soon

[castleford tiger] 12/10/2024 17:08

i applied for the same amounts that i own in all my various accounts.

The girls ISA`S and my Wifes.

A very poor outcome.

tiger

[backmarker] 11/10/2024 14:39

Being realistic, and leaving aside the logistics and costs/fees, I wonder how many shares PIs would have subscribed for if they had been offered the shares by way of a standard rights issue. This way the company gets the cash it needed for the acquisition in quick time and hopefully with low fees. Given the evident success of the Retail Offer let's hope next time we get a bigger slice of the action.

[bostonborn] 09/10/2024 14:46

I thought all shareholders are supposed to be treated equally!!! Only £1m available for retail, rest of the money raise allocation to institutions!! This has always happened despite all the Regulations etc to stop it.

[74tom] 09/10/2024 12:55

Far worse than I anticipated, does anyone actually believe that retail shareholders applied for £16m worth of shares?! (£1m / 0.0625) Surely if that was the case then they should have closed the offer early, i.e. once they had passed the £5m mark?

It's a stretch to believe that more than 30% of the entire retail base of MPAC check their shares on a daily basis, nevermind get round to subscribing for the offer.

Shocking treatment of PI's as per usual.

[gopher] 09/10/2024 10:08

Bell is 6.25%. It looks a good deal so the institutions are the first with their noses in the trough is my opinion.

[johnrxx99] 09/10/2024 03:34

Not worth the effort.