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magazineMolins changes its name to MPAC
MPAC (MPAC:AIM) 155.2p
Gain to date: 11.7%
Original entry price: Buy at 139p, 28 September 2017
Engineering firm Molins has renamed itself MPAC (MPAC:AIM) to reflect its increasing focus on the packaging industry.
Shares is not always a big fan of name changes as they can reflect an attempt to deflect attention from historically weak performance.
In Molins’ case the company had no choice as it reflected the terms of its sale of its tobacco machinery business which involved the transfer of the Molins name. (TS)
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