Mpact, a prominent player in the paper and plastics packaging industry in Southern Africa, plays a crucial role in recycling paper and cardboard while producing a range of packaging solutions, including corrugated cardboard containers and polystyrene trays for various sectors, most notably the food industry. Operating 20 manufacturing facilities and employing over...
JSE:MPT tumbled from its all-time highs of R54.99 in February 2016 and melted all the way down to find support at R1.11 in the first week of March 2020, closing the week with a beautiful hammer candle. The instrument then went on a massive rally to R37.50 and has since been consolidating. The stock is trading at R29.50 and looking at recent price action, it has...
Volumes have drifted lower on $MPT but there has been a C&H setup and price has formed support above the weekly EMA200. Decent uptrend in the stock. Manage your rick accordingly
Flashing: Smaller and less liquid, Mpact (MPT, 1249c), looking to break the March base (which sits closer to 1295c). Gaining momentum above it's rising 50-EMA. Last reprted Cash Generation of R698m vs prior year of R101m, Revenue decreased by 1.4% to June 2020. Balance sheet strong.