MPC Capital met its 2017 financial performance targets. The share price has suffered in the recent shake-out. P/NAV has slipped to a relatively undemanding 1.83x. The current phase of investment in business development will only begin to bear fruit fully next year and the possibility of a capital increase to support this strategy may weigh on the share price.
26 Feb 2018
MPC Capital - Investing in business development
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MPC Capital - Investing in business development
MPC Munchmeyer Petersen Capital AG (MPCK:ETR) | 0 0 1.7% | Mkt Cap: 185.6m
- Published:
26 Feb 2018 -
Author:
Adrian Phillips -
Pages:
5
MPC Capital met its 2017 financial performance targets. The share price has suffered in the recent shake-out. P/NAV has slipped to a relatively undemanding 1.83x. The current phase of investment in business development will only begin to bear fruit fully next year and the possibility of a capital increase to support this strategy may weigh on the share price.