Updates

MPAC - Enhances its US footprint with acquisition

October 2024

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.

New news this month is the first acquisition under CEO Adam Holland of Boston Conveyor & Automation for US$17m (US$11m cash plus 1m new shares at 430p). BCA, which enhances Mpac’s North American footprint, sells robotic automation and conveyor solutions into the food sector and gives further breadth to Mpac’s capabilities. The two companies have historically collaborated on customer projects and the acquisition will facilitate BCA’s products for the handling and packaging of products to be sold into EMEA. In the year to end May, BCA had EBITDA of US$2.8m and sales of US$14m. Buy. ...

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Yu Group - Forecast eps of 188.9p rising to 212.8p next year

Watches of Switzerland

MPAC - Two large acquisitions will ensure forecast beat (November 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 Group - Enters fast growing craft beer packaging market (October 2020)

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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