Updates

Mpac - Trading ahead of forecast

February 2021

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.

Mpac put out a strong pre-close update, which said results for the year to 31 December will exceed expectations. Trading continues to be resilient, as Mpac serves the essential healthcare, food and beverage markets. The “beat” is primarily as a result of better than expected margins in Q4 driven by mix. Switchback, acquired in September, has bedded in well and the first commercial synergies have been secured. The order book stands at £55.5m. Shore Capital nudges its eps forecast to 26.9p for the year ended with 32.1p this year. Results due in the week 1 March. Strong hold. ...

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