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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Mpac Group Plc | LSE:MPAC | London | Ordinary Share | GB0005991111 | ORD 25P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 7.50 | 1.59% | 480.00 | 87,464 | 15:18:31 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 475.00 | 485.00 | 482.50 | 472.50 | 472.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Special Industry Machy, Nec | 114.2M | 2.7M | 0.1319 | 36.39 | 96.74M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 17:06:45 | O | 3,500 | 480.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 01/10/2024 | 12:57 | ALNC |  IN BRIEF: Mpac agrees second in acquisition in 2 weeks, raises equity |
| 01/10/2024 | 12:05 | UK RNS | Mpac Group PLC Result of Placing |
| 01/10/2024 | 08:00 | UK RNS | Mpac Group PLC Proposed Retail Offer to raise up to £1 million |
| 01/10/2024 | 07:20 | UK RNS | Mpac Group PLC Proposed Placing to raise £29 million |
| 01/10/2024 | 07:00 | UK RNS | Mpac Group PLC Acquisition of CSi Palletising |
| 24/9/2024 | 10:01 | UK RNS | Mpac Group PLC Standard form for notification of major holdings |
| 18/9/2024 | 07:00 | UK RNS | Mpac Group PLC Acquisition of Boston Conveyor & Automation, Inc |
| 10/9/2024 | 12:38 | ALNC | Mpac Group optimistic of success as interim profit jumps |
| 10/9/2024 | 07:00 | UK RNS | Mpac Group PLC Half Year Results |
| 20/8/2024 | 07:00 | UK RNS | Mpac Group PLC Equity Development Investor Presentation |
Mpac (MPAC) Share Charts1 Year Mpac Chart |
|
1 Month Mpac Chart |
Intraday Mpac Chart |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 16:06:45 | 480.00 | 3,500 | 16,800.00 | O |
| 15:42:30 | 480.00 | 14,000 | 67,200.00 | O |
| 14:57:22 | 478.61 | 2,500 | 11,965.25 | O |
| 14:55:17 | 482.30 | 1,286 | 6,202.38 | O |
| 14:32:43 | 478.50 | 1,473 | 7,048.31 | O |
| Top Posts |
|---|
Posted at 07/10/2024 09:20 by Mpac Daily Update Mpac Group Plc is listed in the Special Industry Machy, Nec sector of the London Stock Exchange with ticker MPAC. The last closing price for Mpac was 472.50p.Mpac currently has 20,474,424 shares in issue. The market capitalisation of Mpac is £98,277,235. Mpac has a price to earnings ratio (PE ratio) of 36.39. This morning MPAC shares opened at 472.50p |
Posted at 01/10/2024 13:45 by someuwin Shore CapitalValuation: We upgrade our adj. EBIT by >10% and adj. EPS by c.4% for BCA (acquired in September) and assess the potential for CSi. Our cash flow analysis based on conservative forecasts (inc. zero CSi synergies) supports a fair value of >900p, >2x the current share price. We strongly support the rationale for the CSi acquisition, believing it to be very strategically and financially compelling for Mpac. HOUSE STOCK. |
Posted at 01/10/2024 13:29 by edmonda "Major acquisition and equity raise. Fair Value raised to 865p" - new research report now available: Mpac has announced an offer to acquire CSi Palletising, a specialist in the design, manufacture and installation of end-of-line automation and palletising solutions, for a maximum consideration of €56.0m (£50.0m). Subject to approval at a General Meeting, the acquisition will be financed through the issue of equity to raise up to £30.0m (gross) at 400p per share, and drawdown from Mpac’s debt facilities. The addition of CSi continues Mpac’s track record of growth augmented by major acquisitions; we estimate that by FY26 the Group will have achieved its 5-year goal of doubling FY23 revenue and profit, ahead of plan. Upon completion, the deal will be significantly earnings accretive, with our revenue and adj. EBITDA estimates for FY25 and FY26 all rising by at least 40%. Accordingly, we materially raise our Fair Value per share to 865p (from 550p). |
Posted at 01/10/2024 09:34 by philly cheesesteak This looks to be a superb deal - Shore Capital have a very detailed broker note that includes CSI historic financials. Their gross margins over the last few years have consistently been in the mid to high 50's and operating margins well over 10% (current year is >15%)"We derive a fair value of >900p, implying more than double the current share price on what we believe are conservative forecasts with substantial upside potential. This implies an FY25F EV/EBITDA of c.12x (falling to 10.5x in FY26F) and EV/EBIT of c.15x (12.5x)" |
Posted at 01/10/2024 07:33 by backmarker Sounds like another great acquisition. Info leakage might be an explanation for the recent share price weakness ahead of what is a significant fund-raising. Fortunately it would appear the fundraising isn't overly dilutive.This should also take our market cap over £100m. |
Posted at 26/9/2024 13:51 by backmarker I continue to be surprised that this share is falling rather than rising. I can only think that there is a degree of profit-taking going on. After all the share price has risen substantially from its lows a year ago. I think there is little doubt the company has been doing well and it seems to me there has even been an increase in newsflow recently.Mr Market is trying my patience but quality will out eventually. This is clearly not a share for trading but if it meets my target of 600p in a year that would be a pretty reasonable 30% return. |
Posted at 18/9/2024 07:37 by edmonda "Earnings enhancing acquisition broadens capabilities" - new research report available here: Mpac is acquiring the entire issued share capital of Boston Conveyor & Automation, Inc., (“BCA”), a US-based supplier of robotic automation and conveyor equipment for the Food, Life Sciences and general industry sectors, for a total of US$17.0m (£12.9m). The purchase comprises US$11.0m in cash, sourced from the Group Revolving Credit Facility, plus US$6.0m from the issue of Mpac shares. The Group’s lender has agreed to increase the RCF by £5 million to £25 million, ensuring that the Group will continue to have a strong balance sheet with significant undrawn borrowing facilities available to fund its ongoing development and working capital. The acquisition of BCA adds a full range of primary and secondary packaging systems expertise, expands and augments Mpac's positioning in its core Food & Beverage, Healthcare and Clean Energy sectors, and offers opportunities to grow both Original Equipment sales and Service revenue. The acquisition provides a significant growth opportunity into EMEA through Mpac’s sales presence, a geography previously unaddressed by BCA. The acquisition of BCA is immediately earnings-accretive to the Group, adding 2% to FY24 revenue (pro rata) and 8% and 10% respectively to our FY25 revenue and (adj.) EBITDA outlook. We take the opportunity to introduce forecasts for FY26 and raise our fair value to 550p/share, indicative of a FY25 EV/EBITDA of 6.7x, which remains at a significant discount to the peer group average of 10.6x. |
Posted at 16/9/2024 13:55 by backmarker Analysis of the business and its prospects suggests that the shares are worth buying so one might expect buyers to be dominating.But if the share price is going down then sellers are dominating. Why?I can understand a lack of buyers; there are always lots of opportunities competing for investment. But it's more difficult to work out why existing investors would be deserting a good-looking investment.My guess is that it's a combination of the prospect of even better opportunities, maybe gold miners, and the fact that there's a profit to take if you invested in the last year.Plus there is the appearance of some cyclicality in the share price movement, limited news flow, and as yet no dividend (though that's understandable as the company needs its cash as a war chest for acquisitions and working capital as it's a growth phase).That's my guess. But that doesn't lessen the attractiveness of MPAC. I'm still looking for 600p within a year. |
Posted at 10/7/2024 07:40 by edmonda Mpac Group: H1 Trading Update: positive momentum continuesn 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: |
Posted at 22/5/2024 13:55 by backmarker 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. |
Posted at 26/4/2024 08:07 by bigbigdave 26 April 2024Mpac Group plc ("Mpac") Award of £1.2m order for a 1.5MWh solid state battery assembly line Mpac Group plc (AIM: MPAC), a global leader in engineering and automation providing assembly and packaging solutions, announces that it has received a £1.2m order to deliver a SiSTEM pilot battery assembly line secured by funding from the Automotive Transformation Fund (ATF), partnered with Ilika, Agratas and The UK Battery Industrialisation Centre ("UKBIC"). Mpac will work closely with Ilika plc and the UKBIC to design, build and commission a 1.5MWh solid state battery ('SSB') assembly line capable of delivering Ilika's Goliath SSB prototype large-format pouch cells to automotive OEMs and Tier 1 suppliers. The project now has the additional support of Agratas who will play a pivotal role using their manufacturing expertise to inform the design of the SSB stacking and assembly equipment and to identify additional processes to be incorporated into its standard Lithium-ion Batteries (LIB) line to enable the production of SSB's. This collaboration with UK institutions, battery innovators and high-volume manufacturers highlights the value that Mpac provides to the industry and further cements its ambitions within the sector. The SSB assembly line is expected to be fully operational at Ilika's facility by the end of Q2 2025. This project provides further growth within the Clean Energy sector for Mpac, utilising its expertise in assembly across multiple market sectors to provide innovative solutions for battery cell manufacturing. The ATF is a funding programme created to support large-scale industrialisation accessed through the Advanced Propulsion Centre (APC) and delivered in collaboration with the Department for Business and Trade (DBT) and Innovate UK. Up to £850 million of funding will be invested in developing a high-value end-to-end electrified automotive supply chain in the UK. The fund is highlighted as an important mechanism to reach targets in the UK Government's 10-Point Plan for a green industrial revolution and its Transport Decarbonisation Plan. |
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