MCP Operates in two distinct market sectors, namely, in the distribution of household consumer products (kitchen utensils, glassware, plastic bags, food wraps and aluminium foil, and beauty, personal and hair care products), and in the book and commercial printing industry.
Have had MCP on my watchlist for a while now, they operate in a highly competitive enviroment with a ordinary outlook but somehow manage to produce decent returns.
Anyhow they have recently proposed a demerger and reverse takeover of the printing business.
Starting to put this one in the too hard basket, is the sum of the parts worth more than the whole business??
Someone may be able to find opportunity here and if so good luck to them.