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Share Name Share Symbol Market Type Share ISIN Share Description
Mpac Group LSE:MPAC London Ordinary Share GB0005991111 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 133.50p 130.00p 137.00p 133.50p 133.50p 133.50p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 53.4 4.3 8.4 15.9 26.92

Mpac Group Share Discussion Threads

Showing 126 to 150 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
07/1/2019
08:29
After today's solid update on end to 2018 trading year, new ED research note out (unchanged fair value, well above current share price). Freely accessible here: https://www.equitydevelopment.co.uk/edreader/?ltkn=04d683aec5849495971efd254b40f3352uuOvCQl&d=%3D%3DQOxUjM
edmonda
07/1/2019
07:40
Decent trading update today. Hopefully it will underpin the share price.
alan@bj
23/10/2018
15:23
Acounting surpluses CAN accrue to companies; there have been several recent cases in the UK, for example. However, the basis of calculation must be on a full buy-out basis for liabilities; allowing for a premium to the company who takes over the pension assets and liabilites. So my rough guess would be that a few million pounds might accrue to MPAC, after such a buy out. (I've seen no indication in the results that this is what the company's intending, by the way.)
cjohn
23/10/2018
15:18
Hi Wiltshire Sage. From the interim results "The IAS 19 valuation of the UK scheme at 30 June 2018 shows a surplus of £35.1m (£22.8m net of deferred tax), compared with a surplus of £17.6m (£11.3m net of deferred tax) at 31 December 2017." The pension position has manifestly improved and future pension payments will be cut or eliminated entirely to the UK scheme. (There is a déficit of a few million on the US scheme.)
cjohn
17/9/2018
14:37
The CEO disagrees with you given he's just bought stock.
f15jcm
14/9/2018
08:47
In today's Investors' Chronicle Simon Thompson is tipping MPac up to 225p. This is wildly optimistic. The accounting surplus on the UK pension scheme is a red herring as it is not accessible by the company. The reality is the annual cash outflow of £3m, possibly rising, which reflects the £70m statutory deficit, the 83% funding level and the 14 year recovery period. The best hope for MPac is that 30th June 2018 pension revaluation eases the pressure, although the reverse is perhaps more likely. If this turns out to be worse, MPac's best bet would be to do a deal with the PPF, but such a deal would be highly dilutive for MPac shareholders and likely reduce the shares to a penny stock.
wiltshire sage
12/9/2018
11:32
your chance to see the CEO and FD discuss the recent H1 results and outlook in detail. 25 mins interview with slides accessible here: https://www.youtube.com/watch?v=yj84L11tLi4
edmonda
07/9/2018
10:43
Evil Knievel who I believe has a holding this, has just said that the total net asset value could be as high as 400P and that it is a stonking buy at anything below 150P.
richjp
07/9/2018
10:08
The share price reaction to these weak half year results is bizarre. MPac has reported losses, a cash outflow of £4.5m, and a mixed outlook. The cash pile is diminishing, and the £3m p/a outflow on the pension will continue to attrition this. MPac is a lumpy business with a huge pension problem. Any long-term shareholder value is questionable. Doesn't the market understand the difference between profits and cash flow?
wiltshire sage
06/9/2018
13:04
The midday rise is due to a positive Simon Thompson article in Chronic Investor, reaffirming a twelve month target of 225.
dr know
06/9/2018
12:57
Good post and clearly good potential going forward. Happy to hold for 175p target.
profiting
06/9/2018
07:09
after today's H1 results , new research note 'Back on track' with unchanged forecasts and fair value has been published. Freely accessible here: https://www.equitydevelopment.co.uk/edreader/?ltkn=add3494f2b86c3c09533b4f1235a8401iZ8NDRGJ&d=%3D%3DAN2QjM
edmonda
30/7/2018
11:23
As per my earlier posts, which were ridiculed at the time but are of course turning out to be on the ball; I was told clearly tobacco always propped up the other business (food packaging and MTECH). Tobacco was always blamed for everything as its easy to blame tobacco, nobody questions anything if you say its tobacco so bad. Everything was dumped on tobacco to make it look worse so the other businesses looked better. Creative :) But tobacco was high tech high margin. Remove tobacco and you are left with very low margin low tech food packaging, which very easily loses money due to overruns as projects not completed on time or to customer satisfaction and also an MTECH business which only makes money every so often when doing repeat orders, if they do first of a kind they lose money like no tomorrow. So now you have two business which can both burn through cash. And forecasts now suggesting bigger reductions in cash. What does it tell you? It tells you the two business left no longer have tobacco to subsidize them and they are being caught with their pants down as the tide goes out.
pro_s2009
27/7/2018
08:22
some but little support at that level. other than that 75-80p
tsmith2
26/7/2018
14:25
just had a read of equity developments latest note - not sure why they see cash falling so much this year (circ 5.5m yes pension payments, but assuming still profitable not sure where they see the rest going....any views?
jay083
24/7/2018
09:50
Evil Knievel has said last week he has added at 144P. He said it is an asset play with a break up value of over 200P. Simon Thompson said that investors had over reacted to the news and that it was a buy at 140P. I am staying in. What did disappoint me is that they used Brexit as an excuse and I did not think that was very convincing. I think the business they are in should be reasonably recession proof.
richjp
23/7/2018
12:34
Another leg down to 105-110 on chart..
tsmith2
20/7/2018
16:25
I bought these after reading tip at IC Simon Thompson now nursing a 25% loss sold as now hit my stop loss so now into games workshop and computacenter
red5
20/7/2018
10:23
A tale of 2 pension funds…with trading companies attached. Investor’s Champion’s new Blog on contrasting announcements this week from 2 of AIM’s senior citizens, both of which are burdened by huge pension obligations. We comment on a hopefully brighter future for 600 Group and more struggles for Mpac.
investorschampion
19/7/2018
13:01
taken 10k out at 151. Need to reduce my exposure here. Tiger
castleford tiger
19/7/2018
11:11
Should get back to 160 as a lot of resistance there
red army
19/7/2018
08:57
Good call SSR10! SBT
superbobtaylor
18/7/2018
22:12
The share price hit a brick wall at 35, I reckon we may see a bounce back tomorrow!
superslickrick10
18/7/2018
21:45
?! Haven't got time to argue with this nonsense
davr0s
18/7/2018
21:06
DavR0s, of course it was.
eastbourne1982
Chat Pages: 6  5  4  3  2  1
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