Mpac Share Discussion Threads

[fuji99] 18/2/2020 08:30

Following Tekmar (TGP)results flagging up China's negative effects, I will not top up until the results. Does anybody believe MPAC would be affected by China standstill economy ? What's MPAC market share in China and neighboring countries ? I think this is very important when one takes a look at TGP results.

[john09] 17/2/2020 08:32

RCH at 170p

[onjohn] 17/2/2020 08:18

yes its a P_A_R_R_T_A_Y for those in the know

[john09] 15/2/2020 05:25

Is this on a Current PE of 8 when you stop out the cash? For a company upgrading profits 5 times in a year it should be on a PE of 25

[john09] 14/2/2020 16:10

I love the red ticker who follows me on every board, can anyone tell me who it is I’ll enjoy stalking them and getting my own back I’m quite adept at it they’ll regret it 😋👌

[john09] 14/2/2020 16:00

RCH breaking up again! MPAC will follow no doubt

[john09] 14/2/2020 11:29

Be nice if there’s a fresh closing high today, would set up a stocking fresh week from Monday

[fizzypop] 14/2/2020 11:10

When I buy a share I have to identify a 'Latch' such that my wife can latch on to what a company does since MPAC means nothing. Well the latch here is this is the company that designed the equipment that makes the PG Tips triangle teabags.

[onjohn] 14/2/2020 10:48

Love good machines

[arregius] 14/2/2020 10:47

My scuttlebut around it shows quite decent possitive feelings around all the expos they are now showing their machines

[onjohn] 14/2/2020 10:34

The futures so bright I gotta wear shades

[castleford tiger] 13/2/2020 18:14

ha ha ...........no it means it might be a load of tosh and NOT to buy or sell shares on it.

As you know once an insider you cannot pass the information or trade with it.

There is a big difference to hearsay in the pub!

Tiger

[arregius] 13/2/2020 15:35

Great scuttlebut. Unofficialy still means insider?

[castleford tiger] 13/2/2020 15:04

market cap 66m
cash 19 m
net value 47m
profit circa 7m

What a laugh........ 15x just doubles the price.

I am 100% sure this is going that far on what we know.

Further bolt on companies could and should add another 2.5/3.5m a year making us over 10m pa
Then we have a market cap of 150m or 2.5 times today =to 875p a share

tiger

ps we are looking at several companies ( I am told unofficially ) so DYOR

Tiger

[investorsiba] 13/2/2020 12:29

What basis do you say that on

[john09] 13/2/2020 12:27

Next leg up imminent imho

[fizzypop] 12/2/2020 09:14

WheelieDealer
@wheeliedealer
·
8h
It seems nuts but the numbers are the numbers. Even after the strong gains, #MPAC on Forward P/e 9.7 then 10.5 - and that's before stripping out cash. It could double and still be on a fwd p/e under 20. In this highly valued Market it wouldn't shock me but sticking to 600p target

[fuji99] 12/2/2020 07:43

To conclude about SOMERO, I woudn't have a company depending on the weather conditions in my portfolio - Because each times it rains or it snows, I wouldn't have any sleep - "The record rainfall seen in the US has delayed project starts which in turn has slowed the pace of equipment purchased by our customers, the impact of which was seen through historically strong trading months of March and April. Whilst there was an improvement in trading to end the month of May, and although the Company expects weather conditions and therefore trading in the US will improve throughout the rest of 2019, the Board now does not expect the Company to fully recapture the shortfall caused by this extended period of poor weather in the current financial year. "

[fuji99] 12/2/2020 07:37

Knowing how conservative the board is, you have also to read between the lines on the positives of the outlook in particular this:"order book and future prospects remain strong" ... - " Outlook - - It has been a positive start to the year with the sound foundations established in 2018 flowing through into 2019, resulting in an improved financial performance. Additionally, an increase in the number of repeat projects and in operational efficiencies generated incremental margins and consequently the expected results for the full year 2019 are above current market expectations. The order book and future prospects remain strong, underpinned by long term growth factors in our target markets."

[dan_the_epic] 11/2/2020 22:42

I myself made the point about growth!! I don't even own SOM. MPAC is in a much bigger market.

But there are enough growth hiccups for MPAC to trip over if it wishes. These are from the last few results alone. The second one is interesting because it shows the business can be lumpy. The good news is it sounds like there won't be a lump down this year as they've signed over stuff to cover for it. But you can't hide from this for now being a highly operationally geared, and lumpy business.

1. "General market uncertainty has increased with global FMCG companies under pressure to eliminate plastic in consumer products leading to investment delays whilst they develop new solutions. Order intake is also variable and sensitive to geo-political events and recent signs of slowing growth resulting in delayed investment decisions."

2. "In addition, further major development projects have commenced which are forecast to be completed in 2019."

3. "We faced a challenging first half of the year with slower than anticipated order intake and two legacy contract issues, which the management took swift action to resolve and we are now confident that we are back on track to achieve our strategic aims"



Back to a very valid point made recently. The cash flow here ain't great! I just don't think this is as obviously undervalued as many are making out. A PE of 10 even with the net cash looks fair to me given the pension deficit, the big cash drain associated with that, lumpy revenue profile (illustrated in big profit beats and misses), low margin, limited track record.

[tongostl] 11/2/2020 20:13

Som is primarily in the construction sector with VERY limited growth. Mpac is a way more versatile outfit with a much bigger sea to fish from. There is no point comparing the two.

Mpac has upgraded it's current forcasts atleast twice already this year so where is the indication it's going to slow down?

[fuji99] 11/2/2020 20:06

@Dan - You are comparing a laser guided equipment manufacturer for builders with a very versatile and fast packaging machines manufacturer for a variety of industries. Mpac is keeping upgrading its numbers while Som has just recovered from bad weather effects in the States (its share price shows it). In terms of potential, Som depends on the health of the economy wordwide while packaging for food manufacturers or pharmaceutical companies is a non-stop and around the clock process - This is why Mpac keeps upgrading its projections. So if you want to promote Som, I wouldn't buy a tooling manufacturer for builders while the world economy is stagnating with the construction industry almost frozen. So a simple blip would affect Som while Mpac is riding the waves head high under any weather. Watch this space, just till the 4th of March.

[dan_the_epic] 11/2/2020 19:59

£17.7m which is pretty dead in line with MPAC

[castleford tiger] 11/2/2020 19:56

Dan

How much cash?