A year can be a very long time in the equity markets. Indeed 12 months ago Molins’ shares were languishing between 50p-55p. Today, after conducting a root-and-branch strategic review, involving the £30m (gross) divestment of its sub-scale Tobacco arm in August, the stock has risen 3-fold. And we think there is plenty more runway left.
07 Sep 2017
40% top line growth, plus £22m cash pile
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40% top line growth, plus £22m cash pile
Mpac Group PLC (MPAC:LON) | 428 -10.7 (-0.6%) | Mkt Cap: 87.5m
- Published:
07 Sep 2017 -
Author:
Paul Hill -
Pages:
7
A year can be a very long time in the equity markets. Indeed 12 months ago Molins’ shares were languishing between 50p-55p. Today, after conducting a root-and-branch strategic review, involving the £30m (gross) divestment of its sub-scale Tobacco arm in August, the stock has risen 3-fold. And we think there is plenty more runway left.