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Macfarlane – solid trading update, still a value Buy

By Tom Winnifrith & Steve Moore | Friday 12 May 2023


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Packaging designer, manufacturer and distributor Macfarlane Group (MACF) has issued a trading update headlined “Solid start to 2023 - on course to meet full year expectations”, so what does that mean relative to a now 114.5p share price, £181.3 million market cap?
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