Updates

Mpac Group - Enters fast growing craft beer packaging market

October 2020

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.

Results for H1 to end June included Lambert for six months (versus two). Because 2018 had seen Mpac win some high volume orders, which (with the usual 6-8 months lead time) were delivered in FY19, it made this half’s comparables tougher as it didn’t have those to trade in this period. Consequently, revenue was £36.8m, a 20% reduction. Underlying pretax profit was £2.5m (2019: £4.5m) for eps of 11p.Speaking to Tony Steels, Mpac has adapted really efficiently to the impact of the pandemic and has been able to support its large customers who are mostly involved in essential healthcare and food preparation. Sure, some customers are delaying investments in projects until there is greater visibility but the ...

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Concurrent Technologies

MPAC - Two large acquisitions will ensure forecast beat (November 2024)

MPAC - Enhances its US footprint with acquisition (October 2024)

Mpac (June 2024)

MPAC - Plans to double sales within five years (May 2024)

MPAC (April 2024)

Mpac (February 2024)

MPAC (August 2023)

Mpac (April 2023)

Mpac Group - Clean energy opportunity (February 2023)

Mpac (August 2022)

Mpac - Order intake in year >£100m (April 2022)

Mpac Group - Resilient performance for FY21 (February 2022)

MPAC - Lollies driving sales of packaging equipment in US (October 2021)

Mpac (August 2021)

Mpac (May 2021)

Mpac - Trading ahead of forecast (February 2021)

Mpac - Noticeable resilience in healthcare sector (August 2020)

Mpac (April 2020)

Mpac - Meeting notes (March 2020)

Mpac - Five profit upgrades in FY19 (February 2020)

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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