Mpac Share Discussion Threads

[john09] 05/2/2020 10:36

Suggest buy RCH too if you want to diversify. Both had equal billing in SCSW at the weekend

[pireric] 05/2/2020 10:08

Maybe, though it needs to follow up with another 6 -12 months of good results for that. I concur broadly with others thoughts here that fair value today is probably in the low 400s level, acknowledging they need to execute further and so not wanting to be too bullish too early + pension costs. But offsetting against a great year when manufacturing was under pressure, a significant net cash pile to spend on hopefully accretive acquisitions, forecasts that feel beatable even without acquisitions, and some surplus investment property that net book value probably significant understates.

[john09] 05/2/2020 10:03

Fantastic. Still should double from here

[pireric] 05/2/2020 09:55

This move looks eerily similar to the move in the middle of 2017 in terms of chart structure

[john09] 05/2/2020 08:26

RCH on the move too

[biteherbutt] 05/2/2020 08:25

Up early doors

[cravencottage] 04/2/2020 21:57

Sol

Re-ratings …..

I certainly resonate with that.....Having held Mayborne Holdings ( MBY)

Until they they got taken out..

I have the same feeling with MPAC..

When the market is selling on a typically high PE rating and you find a rare gem like MPAC...

The best thing to do is "Let the trend be your friend"

CC

[tongostl] 04/2/2020 21:51

Cravencottage, results next month, il be surprised if we haven't sailed beyond 425p by then, however the real value earned here will be in the long term

[davr0s] 04/2/2020 21:07

And anyone predicting future prices is just guessing

[davr0s] 04/2/2020 21:06

Nope I'm riding trend until it ends

[solooiler] 04/2/2020 21:00

I'm sure people are banking profits and congratulations to them but one thing Ive learnt is to let reratings play out. They are so rare and happen at such scale that you oftne end up misjudging them and pulling the trigger too early. And then you end up chasing 5% somewhere else when it was here all along!

I like a litmus test. What would this company be worth if you had no price chart to work on? Surely not under 13x p/e. Guess what, that's 440p.

Fancy leaving 115p on the table ?

Craven I said 425p SCSW did not. The way SCSW concluded makes me think their eyes are on a much bigger prize

[cravencottage] 04/2/2020 20:59

Having no access to scsw..

Out of interest what timescale do they think MPAC will make 425p?

With 37p EPS scheduled for 2020 and 42p for 2021 I'm curious....

I note Schroders hold over 20% of MPAC so that bodes well imo..

GLA

CC

[castleford tiger] 04/2/2020 16:45

bwm2

weirdly I did almost the same.

Held a fair few EKT and put them here.

I started with MOLINS at 40p paying 5/10p dividend yield. Many moons ago.

Had a big fall out with Keith when I was holding 2% ( same time as Barry Bridge) who was over 3%.
I didn't like how much the directors were creaming off.

Felt they screwed it. I held HARTEST who they bought

good luck tiger

[bwm2] 04/2/2020 16:28

CT
Got the sub £1.70 as you did at the end of Nov. I see you were a holder of Elektron. I used the proceeds of the buy back at 65p (acq from 5p upwards) for Mpac in Dec and jan.
Hopefully it will be a very interesting compounding calculation of the total return for the two shares by the time Mpac reaches fair value and CKT achieves profitability. As you say:
Happy days

[middlesboroughfc] 04/2/2020 16:19

Yes suspect will double again very quick here

[castleford tiger] 04/2/2020 15:49

Shaker I was saying the same at 1.70 when everyone thought I was daft.
Close to doubling that today in 6 weeks.

Was /Am I tempted to sell ?
Nope I started buying that mini dip to 275/280 last week.

You want to see what Lamberts produce and how good they are.
Happy days
Tiger

[middlesboroughfc] 04/2/2020 15:46

Results 4 March

[shaker44] 04/2/2020 15:30

You are very confident Tiger..

[castleford tiger] 04/2/2020 15:19

thanks
They laughed at me when I asked for 10 via Redmayne !!

Little do they know how many I have eh.....

We need this to stay as an independent co until we get full value.

The results will give us a steer.

Tiger

[john09] 04/2/2020 14:04

I bought in 5 and 2 x 2.5 only way I could get them . Broker wanted 3.34 in the end and that was at a mid price 5p lower than right now

[castleford tiger] 04/2/2020 14:03

John

Think yours must be a delayed trade. Done well to get 10 nobody wants to sell me anything
Tiger

[nobilis] 04/2/2020 13:56

Sooner this gets to 500 the better

[john09] 04/2/2020 13:30

Bought 10,000 at £3.29