MPH - Magna Pacific - Aussie Stock Forums

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  1. #1
    Mmmmmm 2nd breakfast Knobby22's Avatar
    Join Date
    Oct 2004

    Default MPH - Magna Pacific, a Smurf Stock

    This litle company that specialises in marketing CDs, DVDs and similiar. They have the rights to Smurfs, Mutant Teenage Ninjas among others. I thought Smurf might be interested.

    The price has dropped markedly (overreacted) to the CEOs warning that profit would be less next year. I bought in recently after the drop.

    They sold off an asset last year that caused a one off increase in profit.
    Next year the PE ratio will increase to around 7.5. They have been successful in achieving growth in the past and I like the management. They have no debt.

  2. #2

    Default Re: MPH - Magna Pacific

    They have risen 20c in the last 6 months, can anyone see them rising much further? Personally I can't see a huge potential for growth in Magna as DVD production is only going to decline in the future with the introduction of blue-ray.

  3. #3

    Default Re: MPH - Magna Pacific

    Don't know if you realise, but MPH are currently the subject of a takeover offer via scheme of arrangement from Destra (DES) at either 0.38 or 1 DES + 0.15 per MPH share which equates to 0.50 total at today's prices.

    So clearly the upside in both the short term and long term is linked to the performance of Destra.

  4. #4

    Default Re: MPH - Magna Pacific

    16 M + shares crossed this morning and SP up 15% to 0.55.

    I sniff something new in the wind. Anyone with additional insight?

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