Although MPC’s legacy retail portfolio is still weighing on its results, the company is making steady progress in shifting its business towards institutional, higher-margin clients (representing 52% of assets under management (AUM) at end June 2018). We also appreciate MPC’s expansion of the container ship fleet given this shipping segment now enjoys the most favourable demand/supply outlook. The company’s shares are trading at a c 30–40% discount to peers.
10 Sep 2018
MPC Capital - Expansion of container ship fleet
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MPC Capital - Expansion of container ship fleet
MPC Munchmeyer Petersen Capital AG (MPCK:ETR) | 0 0 1.7% | Mkt Cap: 185.6m
- Published:
10 Sep 2018 -
Author:
Milosz Papst -
Pages:
4
Although MPC’s legacy retail portfolio is still weighing on its results, the company is making steady progress in shifting its business towards institutional, higher-margin clients (representing 52% of assets under management (AUM) at end June 2018). We also appreciate MPC’s expansion of the container ship fleet given this shipping segment now enjoys the most favourable demand/supply outlook. The company’s shares are trading at a c 30–40% discount to peers.