Simon Thompson 

Mpac buying opportunity

Simon Thompson

Simon Thompson

Shares in Mpac (MPAC:210p), a small-cap niche packaging engineering business and a constituent of my 2018 Bargain Shares portfolio came close to my 250p target when the price hit a 14-year high of 238p in April. Both the chairman and finance director then announced their departures in quick succession, so some profit-taking was understandable given the price was already up 52 per cent on my 156p entry level (‘Bargain Shares: another chance to bag some bargains’, 14 May 2018).

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