Mpac Share Discussion Threads

[charlotte2020] 07/9/2021 21:37

I can't remember what his last target price was - £6 perhaps so we'll clear of thatGood day all round for packaging companies. I'll eat humble pie about my words about Macfarlene. They seem to have it right as well.

[castleford tiger] 07/9/2021 21:14

I think he will see 700 ?
I have reduced my holding by 10%
I was out of balance

[zimbtrader] 07/9/2021 08:43

Any update from ST yet? I don't slavishly (or at all) follow him but plenty do, so likely it affect the share price if / when he updates...

[mfhmfh] 02/9/2021 19:45

Brokers had forecast full year pre-tax profit of £7.6m and EPS of 32.1.

At half year MPAC is already at £4.7m and 18.3.

2nd half may see a further acceleration as EMEA recovery continues.

Also, add in potential acquisitions.

All IMHO.

[our haven] 02/9/2021 16:04

Could not agree more CT. Another who is very happy to hold.

[castleford tiger] 02/9/2021 15:21

Looking at the detail in the figures i think Equity development have left "plenty in the tank sir"
I expect them to upgrade later.

I am going to be the first to say i see 700p here now on what we know with possible further increases by Christmas.

I retain my shares in this excellent sound business.

Tiger

[bwm2] 02/9/2021 07:16

that's my previous 645p price tgt gone so will read in detail at the weekend and try and catch the 11am webinar today

[edmonda] 02/9/2021 07:07

For the six months to 30 June 2021 Mpac Group reported a strong recovery in both orders, +69%YoY, and revenue, +20%YoY, as a result of which we have raised our FY21 revenue outlook from £95.0m to £97.5m (+16.4%YoY) and for FY22, from £100.0m to £105.0m. We have also raised our fair value / share estimate from 600p to 660p.

[snorkelparker] 02/9/2021 07:06

The words all investors like to hear

[bwm2] 02/9/2021 07:03

"full year results are expected to be ahead of market expectations".. sweet words indeed

[bigbigdave] 02/9/2021 06:53

Equity development raise target to 660
[...]

[zimbtrader] 02/9/2021 06:23

My key extract from a very quick read parked by the side of the road before work... we "are pleased to be upgrading expectations for the full year results given the strength of current trading and our outlook for the second half . The Group's long-term prospects also remain positive".Hopefully a positive day ahead!

[bigbigdave] 02/9/2021 06:21

Simon T at the IC will be upping his targets I reckon.

[charlotte2020] 02/9/2021 06:18

Excellent results again

[cravencottage] 02/9/2021 06:07

Like a well oiled machine MPAC keep delivering.

Switchback exceeding expectations too.

[richjp] 16/8/2021 15:42

I sold half my holding at 593P on Thursday. I still think it's an excellent company but my holding was just getting too large for my portfolio and I also wanted to free up some cash.

I was considering selling half when the price got up towards 600 in February but then saw how big the quoted spread was and waited. If I had realised that I could get a better quote within the spread I would probably have sold then.

I think it might take a while to fully break out from 600.

[charlotte2020] 15/8/2021 19:29

Thanks TigerIike you I'm in for the long haul with MPAC. I'm very optimistic for the future. Small market cap and there must be consolidation in the sector at some stageKind regards.

[bwm2] 14/8/2021 12:16

I seem to recall house broker Panmure being at 650p

[shaker44] 14/8/2021 09:11

Interesting Tiger. Unusual for share price to move up to and ahead of broker forecast in the absence of public news. Maybe more is known....

[castleford tiger] 14/8/2021 05:29

Charlotte 2020

Whilst growth fundamentals are there ( i touch on that by saying orders flood in)

My point is that this has reached current brokers forecasts based on what we know.

I point out that upgrades have come and i expect more.

However on what we currently know the fair valuation has been reached.

I have been here from the 40p days and bought heavily in the last pull back.

Similar situations may arise when we get no news flow or quiet periods.

If everything goes to plan and growth is actually produced going forward then the 600 will have to be revised up.
However at the moment whilst likely its pure speculation as to where we go from here.

kind regards
tiger

[shaker44] 14/8/2021 00:13

But macfarlane is a more likely takeover target imo.

[charlotte2020] 13/8/2021 21:32

I wouldn't have thought it was speculative territory. The growth fundamentals are. Attracting buyers. I think there is good growth to come here. macfarlene is a stock that isn't as good a quality and is lagging now

[snorkelparker] 13/8/2021 14:17

Thanks CT,

[castleford tiger] 13/8/2021 13:45

600 was my target on what we know.

It may increase as orders flood in.

They are good at upgrading.

We are in speculation territory now

tiger