Mpac Share Discussion Threads

[our haven] 11/9/2020 10:54

Apollo One each way in the 3.45 IMO. :)

[bwm2] 11/9/2020 10:30

Got a bit of time today before the racing at Doncaster starts so have had a further review of my expectations for y/e 2021:
Sales 106m
Pbt 8.9m
Pat 7.9m
Eps 39.2p
Looking at ED's sector average of 18.1, I am comfortable with 12x giving:
Tgt price: 470p
@305p +54% upside
I would welcome any comments.

[castleford tiger] 10/9/2020 23:31

Thank you all
We are on something special here I feel with lots more to come.
Tiger

[capercaillie] 10/9/2020 21:24

Yes good webcast. Not easy having yourself laid bare and not knowing what questions you will face over what is a very broad subject. Thanks.

[andy2205] 10/9/2020 16:45

hxxps://www.piworld.co.uk/events/

Njoy.

[arregius] 10/9/2020 16:42

Link to it?

[andy2205] 10/9/2020 16:40

CT - Enjoyed your webcast, it was interesting to get some insight on your thinking and the history of MPAC's evolution and recent the leadership and strategic moves.

Re DTG - I wish I had bought at 16p!!!

[castleford tiger] 10/9/2020 12:12

both get a mention !

[thirty fifty twenty] 10/9/2020 10:06

hi bbd - yep i reckon traders are nibbling a few prior to the chat. similar with HSP i suspect which could do with a bit more of a spotlight.

I hold both.

[bigbigdave] 10/9/2020 09:59

Reckon CT is going to give these a big up in today's PI World interview, might provide a boost.

[our haven] 10/9/2020 09:14

Encouraging buying for the first hour.

[our haven] 09/9/2020 19:00

Thanks Arregius, much appreciated.

[arregius] 09/9/2020 16:18

https://research.equitydevelopment.co.uk/research/mpac-discusses-switchback-acquisitionGreat interview with Tony

[our haven] 09/9/2020 15:00

Rachael777 Went in my favour this time. Are you still expecting a big pull back?

[castleford tiger] 09/9/2020 14:05

there is a big pull back from China to same country production.

we are well on the track to be a 100 to 120m valuation company by the end of the next financial year.

I base that on us making 10m and a valuation of 10 to 12 times......which is very low.

so my target end of 2021 is 600p

tiger

[bigbigdave] 09/9/2020 13:21

Equity Development
@equity_research
#MPAC interview with CEO, Tony Steels, discussing the synergies they hope to achieve with today's acquisition of Switchback.

[shaker44] 09/9/2020 12:34

Yep. Looks great

[mfhmfh] 09/9/2020 12:07

something else to consider:

CEO has said one of the consequences of Covid-19 will be an acceleration of the move to automation.

Equity Development has noted 'unseasonally strong July bookings, especially in North America...'

50% of MPAC's revenues in the first half were from the Americas.

Today's RNS:

' Switchback was founded in 2006 and is a provider of packaging machinery and AUTOMATION SOLUTIONS...'

'Switchback will provide a platform to further build our business in the USA giving access to a wider customer base...'

From the CEO:

"Switchback's performance during the COVID pandemic has been strong with a good orderbook, demonstrating the high quality of the business."

[mfhmfh] 09/9/2020 11:38

I'm also grateful to those who sold their shares on the cheap.

ST target price was 350p before today's announcement.

Equity Development target price 380p.

[shaker44] 09/9/2020 11:31

Don't know anything about their overseas acquisition track record but they are notorious for their Nasty surprises not discovered by Due Diligence. And they will lose at least one key executive from UK to ride shotgun in USA. Hopefully they have all that covered.

[investor0109] 09/9/2020 11:10

mfhmfh- Quite agree, excellent news and likely to enhance earnings immediately. MPAC undervalued prior to today's announcement, so now represents something of a bargain in my view. Grateful to those who sold their shares on the cheap following results last week.

[mfhmfh] 09/9/2020 11:03

15k buy at 300.55. Who was that?

[mfhmfh] 09/9/2020 09:48

great news today IMHO.

this was mentioned in the recent half-year report:


'The Board continues to evaluate potential acquisition opportunities that strategically fit and which will enhance our global presence in packaging solutions serving the Healthcare, Pharmaceutical and Food and Beverage markets. An active pipeline of opportunities continues to be progressed.'


perhaps more acquisitions to come.

[bwm2] 09/9/2020 08:36

CT to plagiarise you "sounds abought right"