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Mpac Group – a Buy as the growth prospects become further clearer?...

By HotStockRockets | Saturday 20 January 2024

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.

High-speed packaging and related automation group Mpac (MPAC) was positive in its September-announced 2023 half-year results but noted an “H2 weighting” in a macro “challenging trading environment”. That suggested to have some caution, but a “Full Year Trading Update” has just emphasised “FY23 trading performance in line with market expectations” and “Strong opening order book supporting a positive outlook for further growth in FY24”. We consider it suggests also strong share price value.
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