Updates

MPAC

August 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Ahead of reporting on 7 September, MPAC said H1 was in line and saw a closing order book of £78.4m, above the 2023 opening order book of £67.2m. As had been flagged, H1 margins were impacted by the completion of other projects that had been affected by supply chain disruption in 2022. The effects of this are now largely cleared and accordingly, H2 trading is anticipated at normalised margins. On-site commissioning of the casting and unit cell assembly equipment to FREYR’s battery cell production line at its plant in Norway has commenced. In addition, the prior year expansion of working capital has unwound in line with expectations, and MPAC has moved back into a positive net cash position. Buy. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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