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Mpac – from “continue to be confident” to profit “significantly below” expectations in little over two months!

By Steve Moore | Monday 11 July 2022

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 and automation solutions group Mpac (MPAC) has issued a trading update commencing that it “has continued to make progress during the first half of the financial year despite a challenging trading environment, ending the period with a strong order book, ahead of the previous year, and with a very encouraging prospects pipeline. The group expects to report revenue that is ahead of last year and in line with its expectations in respect of the six months ended 30 June 2022”. Sounds good, so what of a current 260p share price...down over 30% on the day?!

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