Mpac Share Discussion Threads

[shaker44] 11/6/2020 09:51

Quiet board now? Mpac looking unloved and undervalued, or maybe just off the radar until next newsflow. Should benefit from increasing healthcare spending globally

[arregius] 22/5/2020 19:52

?#MPAC Great to see Mpac Lambert assembly systems doing their bit in the fight against Corona virus?https://www.bbc.co.uk/news/av/uk-wales-52763340/coronavirus-antibody-test-developed-in-wales-is-highly-accurate

[a_game] 18/5/2020 09:35

averaged up here this morning

[rik shaw] 10/5/2020 09:07

Mail on Sunday tip

[shaker44] 07/5/2020 09:12

I feel fairly sanguine about it rightly or wrongly. It's not huge and it's mostly future liabilities to be funded from future earnings. It will be a damper on div's but shouldn't affect performance imo.

[adamb1978] 07/5/2020 08:41

Thanks DrRadcliffe. Will have to ponder it some more - as you say, its there....if it flares up then the equity could become large worthless given the scale of the scheme relative to the company and the impact which a large right issue would have...whereas if it doesnt flare up, the company does look very cheap given the growth prospects

[drradcliffe] 06/5/2020 22:36

It's a concern. As I'm sure you realise it comes from the days when MPAC was Molins PLC and made cigarette machines, and was a bigger company. SCSW (tip sheet) promoted this as a recovery play a couple of months ago. I think MPAC is a decent full service packaging machine business with good growth prospects. I'm not sure how you can factor the pension liabilities in to the valuation. It exists it's there... If the company grows then it will diminish over time.

[adamb1978] 06/5/2020 22:19

I havent looked at these guys in detail before however, at face value, they don't look expensive. That said, the pension assets and liabilities are huge (not far off 10x of the market cap) so whilst the net position is fine at the moment, small moves in assumptions are the asset and liab valuation could have a big impact.
How do others factor this into their valuation of the co?
Thanks

[arregius] 06/5/2020 19:07

#MPAC - cash generation continues in line with expectations PRIOR TO IMPACT OF COVID- One Mpac approach positively received by customers- SEVERAL LARGE contracts have been won over the past 18 months as Mpac presents itself as global operations with global service reach.

[arregius] 06/5/2020 11:03

All questions investors have will be answered and posted in the mpac investor website

[shanklin] 06/5/2020 08:15

IMHO MPAC shares are very cheap provided they can survive largely intact through to the resumption of normality. Today's TS states that they can survive through to normality under extreme assumptions. I guess they consider that enough said.

[arregius] 06/5/2020 08:09

Thanks, i would have love more words from mpac and a trading update. I hold Long

[edmonda] 06/5/2020 07:39

#MPAC with £18.1m net cash, capex and discretionary spendn deferred, Mpac is trading on a 2019 EV/EBIT multiple of 7.4x vs 11x–15x typically for peers (pre CV19)

[fizzypop] 06/5/2020 07:21

Good morning john - mothballed, I rather like that.

[john09] 06/5/2020 07:10

Looks a bit mothballed this one. Monthballed but secure

[fizzypop] 05/5/2020 09:23

WheelieDealer
@wheeliedealer
·
16h
IC has #MPAC down for a Trading Update on Wednesday. I think that's AGM day as well @Arregius

[spot1034] 30/4/2020 12:29

Probably just too cheap - even if their EPS has halved and they've spent half their cash these wouldn't look particularly unattractive at this level.

[npp62] 30/4/2020 12:10

Good news coming?

[davebowler] 20/4/2020 14:28

Research tree has a lot of research on this and other companies. In fact access is free for the next month or so. Insert - between research and tree to get to their .com website.

[npp62] 16/4/2020 18:37

Latest company news was fine. No debt. Access to cash if required but none of it drawn down as yet. Better position than a lot of others surely

[tongosti] 16/4/2020 12:57

Not looking good am afraid. Collapsing 50% during a wider market turmoil is one thing. Not being able to make some kind of comeback when wider markets have been in a recovery mode is another. Poor relative strength not a good omen.

[npp62] 15/4/2020 19:08

Ah. Welcome back

[npp62] 09/4/2020 15:48

Why has this not moved for days?

[arregius] 05/4/2020 20:03

Annual report is already uploaded to the website

[nw99] 01/4/2020 08:37

Still holding up nicely