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
  -1.00p -0.82% 120.50p 118.00p 123.00p 121.50p 120.00p 121.50p 14,977 14:00:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 53.4 4.3 8.4 14.3 24.30

Mpac Group Share Discussion Threads

Showing 126 to 150 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
17/9/2018
15:37
The CEO disagrees with you given he's just bought stock.
f15jcm
14/9/2018
09:47
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
12:32
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
11:43
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
11:08
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
14:04
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
13:57
Good post and clearly good potential going forward. Happy to hold for 175p target.
profiting
06/9/2018
08:09
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
12:23
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
09:22
some but little support at that level. other than that 75-80p
tsmith2
26/7/2018
15:25
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
10:50
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
13:34
Another leg down to 105-110 on chart..
tsmith2
20/7/2018
17:25
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
11:23
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
14:01
taken 10k out at 151. Need to reduce my exposure here. Tiger
castleford tiger
19/7/2018
12:11
Should get back to 160 as a lot of resistance there
red army
19/7/2018
09:57
Good call SSR10! SBT
superbobtaylor
18/7/2018
23:12
The share price hit a brick wall at 35, I reckon we may see a bounce back tomorrow!
superslickrick10
18/7/2018
22:45
?! Haven't got time to argue with this nonsense
davr0s
18/7/2018
22:06
DavR0s, of course it was.
eastbourne1982
18/7/2018
17:12
Mpac is a low margin, lumpy business at best, as today's trading statement demonstrates. It has legacy issues, especially the pension, which will absorb cash for years. Expect to see the £29m cash pile substantially diminished at the half year results, and for this to continue. Mpac has to generate £3m + p/a just to cover the pension. A big ask! A value trap.
wiltshire sage
18/7/2018
13:15
Nope - I trade for a living. 50% of my trades are losers (mostly small ones)I bought these at 150 area and sold just below 200 when trend broke - so this one was a winner
davr0s
18/7/2018
11:27
As I said in post 77. Food packaging is very low margin and ultra competitive. It easy to win lots of projects and grow revenue but its not easy to deliver them on time and install on time. Are the sales people selling profitable projects or are they just selling lots of low margin projects to bump up revenue. Given the low margin and that all the good people left before MPAC came into being, you are left with lots of low margin revenue that cannot be installed profitably and so makes massive losses due to many cost overruns. The worry would be that this will continue to a 2nd and 3rd profit warning and suddenly a big lump of the cash has been lost.
pro_s2009
18/7/2018
11:25
Simon Cawkwell. On what basis do you say that? This is useful to understand a little about why these pension fund valuations are so very different... www.frc.org.uk/getattachment/538ec144-05a0-499c-99b4-3f93bd21ad0b/091117-Pension-Disclosures-CRR-thematic-review.pdf From John Lewis "The actuarial valuation deficit of £479m is used to judge the money we need to put into the pension scheme" Well that actuarial deficit is £70m at MPAC (for the UK fund). If MPAC put that valuation into the balance sheet instead of the IAS19 valuation (I believe they have a choice?) then MPAC would be balance sheet insolvent, no? I think you need to flesh out your opinion of why all is OK....as I said for the time being the current biz profits looks like they won't be able to fund agreed contributions and MPAC will have to dip into the cash pile... I don't believe anyone is smart enough to know how these pension deficits will pan out but it looks very dangerous to me to take a "don't worry about it" approach...
eezymunny
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