Macfarlane Group (MACF)

Sector:

Support

Index:

FTSE Small Cap

 84.40p
   
  • Change Today:
      0.000p
  • 52 Week High: 113.50
  • 52 Week Low: 63.50
  • Currency: UK Pounds
  • Shares Issued: 157.81m
  • Volume: 7,238
  • Market Cap: £133.19m
  • RiskGrade: 149

Macfarlane Q2 sales 'more resilient' than anticipated

By Iain Gilbert

Date: Monday 06 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Packaging and labelling company Macfarlane Group said on Monday that sales had been "more resilient" than previously anticipated throughout the second quarter of its trading year.
While Macfarlane noted it had continued to "experience weakness" in the automotive, aerospace and high street retail sectors, total revenues were down just 7% as this was partly offset by underlying strength in the e-commerce, medical, food and household essentials sectors. As a result, interim sales were set to be down just 3% year-on-year.

The London-listed group highlighted that all of its sites remained open and trading throughout Covid-19 lockdowns - albeit with reduced levels of activity due to market disruptions caused by the pandemic.

Looking forward, Macfarlane said given the current uncertainty and concerns around the pace of the potential recovery, it was "still not possible" for it to provide meaningful guidance on trading for 2020.

"However, based on ongoing actions and current levels of trading, we expect the business to remain profitable in 2020 and to operate well within the current borrowing facility," said Macfarlane.

As of 0920 BST, Macfarlane shares were up 8.83% at 76.72p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

MACF Market Data

Currency UK Pounds
Share Price 84.40p
Change Today 0.000p
% Change 0.00 %
52 Week High 113.50
52 Week Low 63.50
Volume 7,238
Shares Issued 157.81m
Market Cap £133.19m
RiskGrade 149

MACF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
54.56% below the market average54.56% below the market average54.56% below the market average54.56% below the market average54.56% below the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Price Trend
20.27% below the market average20.27% below the market average20.27% below the market average20.27% below the market average20.27% below the market average
11.3% below the sector average11.3% below the sector average11.3% below the sector average11.3% below the sector average11.3% below the sector average
Income
16.02% below the market average16.02% below the market average16.02% below the market average16.02% below the market average16.02% below the market average
4.11% above the sector average4.11% above the sector average4.11% above the sector average4.11% above the sector average4.11% above the sector average
Growth
25.37% above the market average25.37% above the market average25.37% above the market average25.37% above the market average25.37% above the market average
9.26% above the sector average9.26% above the sector average9.26% above the sector average9.26% above the sector average9.26% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MACF Dividends

  Latest Previous
  Interim Interim
Ex-Div 10-Sep-20 19-Sep-19
Paid 08-Oct-20 10-Oct-19
Amount 0.70p 0.69p

Trades for 29-Sep-2020

Time Volume / Share Price
16:07 3,494 @ 85.11p
15:40 1,157 @ 85.11p
11:46 1,277 @ 84.45p
09:42 1,310 @ 85.11p

MACF Key Personnel

Finance Director John Love
CEO Peter Atkinson
Chair Stuart R Paterson

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