- Today's Hot Chat Topics
- Member Benefits
- Manage your personalised Watchlist.
- Set up an online Virtual Portfolio.
- Participate in Share Chat.
- See more trades and director dealings.
- Play the Fantasy Share Trading Game.
Share:
HomeShare PricesStock PickerFinancial DiaryUK IndicesUK Industry SectorsCompany LookupShare RisersShare FallersBroker RatingsFinance GlossarySMS ServicesShare ChatFinance NewsBlogsLive PricesShares BookshopFinance ToolsMembers
Latest Share Chat
M.p. Evans Share News (MPE)
Share News for M.p. Evans (MPE)
| Share Price: 505.00 | Bid: 510.00 | Ask: 525.00 | Change: 0.00 (0.00%) |  | ||||||
| ||||||||||
STOCKS NEWS UK-M.P. Evans falls on lower profit forecast
Mon, 21st Sep 2009 09:14
STOCKS NEWS Reuters
Results diary
Euro
UK Stocks on the move
UK smallcaps UK smallcaps news
07:45GMT 21Sep2009-M.P. Evans falls on lower profit forecast
------------------------------------------------------------
Shares in M.P. Evans fall 5.3 percent after the producer of palm oil and beef cattle posts a 15 percent drop in first-half pretax profit and forecasts a reduced operating profit for 2009.
'Profits were hit by the large fall in the palm oil price from the exceptional levels seen in H1 2008,' says analyst Graham Jones of Panmure Gordon.
The broker trims its EPS forecast to 15.55 cents on a cyclical downturn and wet weather at one of the firm's associates, but says M.P. Evans 'continues to make strategic progress' and reiterates its 'buy' stance.
For more please click on
Reuters messaging rm://tresa.sherin.reuters.com@reuters.net
Keywords: MARKETS UK STOCKSNEWS/
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
STOCKS NEWS Reuters
Results diary
Euro
pe Real-time Equity News
UK Stocks on the move
UK smallcaps UK smallcaps news
07:45GMT 21Sep2009-M.P. Evans falls on lower profit forecast
------------------------------------------------------------
Shares in M.P. Evans fall 5.3 percent after the producer of palm oil and beef cattle posts a 15 percent drop in first-half pretax profit and forecasts a reduced operating profit for 2009.
'Profits were hit by the large fall in the palm oil price from the exceptional levels seen in H1 2008,' says analyst Graham Jones of Panmure Gordon.
The broker trims its EPS forecast to 15.55 cents on a cyclical downturn and wet weather at one of the firm's associates, but says M.P. Evans 'continues to make strategic progress' and reiterates its 'buy' stance.
For more please click on
Reuters messaging rm://tresa.sherin.reuters.com@reuters.net
Keywords: MARKETS UK STOCKSNEWS/
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
BRIEF-RESEARCH ALERT-Panmure raises MP Evans price target
March 29 (Reuters) - MP Evans Group PLC: * Panmure raises MP Evans price target to 580P from 500P; rating buy For a summary of ra[29 Mar '12]
BRIEF-RESEARCH ALERT-Peelhunt starts MP Evans Group with buy
Sept 14 (Reuters) - MP Evans Group PLC: * Peelhunt starts MP Evans Group PLC with buy For a summary of rating actions and price target chan[14 Sep '11]
BRIEF-M.P. Evans H1 profit jumps, prospects very favourable
LONDON, Sept 14 (Reuters) - MP Evans Group PLC: * Profit for the period increased 86% to US$22.36 million (2010 US$12.04 million)[14 Sep '11]
BRIEF-RESEARCH ALERT-Panmure raises MP Evans price target
Dec 20 (Reuters) - M. P. Evans Group PLC: * Panmure raises M P Evans. price target to 500P from 470P; rating buy For a summa[20 Dec '10]
BRIEF-M. P. Evans raises $3.2 mln from disposal
LONDON, Nov 9 (Reuters) - M. P. Evans Group PLC: * Sale of stake in kennedy, burkill & company berhad for US$3.20 million ((London Eq[9 Nov '10]
BRIEF-MP Evans H1 net profit up 29%, outlook favourable
LONDON, Sept 14 (Reuters) - M. P. Evans Group PLC: * Profit after tax up 29% at US$12.04 million (2009 US$9.35 million) * Interim divi[14 Sep '10]
BRIEF-M.P. Evans holds dividend as plam oil, cattle prices firm
LONDON, April 28 (Reuters) - M. P. Evans Group PLC: * FY profit US$20,710,000 (2008 US$53,596,000, which included US$24,509,000 from dispos[28 Apr '10]
STOCKS NEWS UK-M.P. Evans falls on lower profit forecast
STOCKS NEWS Reuters Results diary Europe Real-time Equity News[21 Sep '09]
