Warren Buffet calls it “cigar butt” investing; or buying stocks for less than 50 cents in the dollar. These type of ‘unloved’ companies are extremely rare, since they often trade at around net current tangible assets (NCTA). So what about Molins? Well, we think this niche engineer is another ’special situation’.
22 Apr 2016
Trading in line with expectations
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Trading in line with expectations
Mpac Group PLC (MPAC:LON) | 455 -4.6 (-0.2%) | Mkt Cap: 93.2m
- Published:
22 Apr 2016 -
Author:
Paul Hill -
Pages:
4
Warren Buffet calls it “cigar butt” investing; or buying stocks for less than 50 cents in the dollar. These type of ‘unloved’ companies are extremely rare, since they often trade at around net current tangible assets (NCTA). So what about Molins? Well, we think this niche engineer is another ’special situation’.