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thats over half a million£ (anothe 1.1 % of the company) - I bet that KLK building their stake before a bid............
Nice analysis. The 7.62 trade is a buy. Me, back in again. Also reckon DKL and PAL worth a look. I hold both.
By My reckoning - from the report carried out by Khongg and Jaffar.....which valued the company last year at 665.433m US$......At the current rate of exchange of $1.22 to the UK£......Each share Now (after buy backs) Has a Value of at least £9.83 pence.... so we are trading currently at only 78% of the then prepared valuation. I see the Group's 36.84% share in PT Agro Muko to the Belgian Sipef group for the sum of US$100 million (which is 6% above the valuation at that time).....so on that basis then the value per share is approx 9.80£ after the 6% that will be paid as a special dividend (10p). So MPE now has nearly 200m$ cash in the bank on its own plus at least 565$m of assets (minimum) and so the KLK offer of 7.40 a share (at current share holding) is indeed an insult. so by my reckoning a 40% premium to the value per share of 9.8 makes a take over of value of 14£ seem a good figure. with new plantations delivering more and the value of palm oil going up as well as yield then i think KLK would need to offer at least 12-14 for it to be accepted. The Minimum net asset value is 9.80 per share imho....so they had better get a move on if the want to bid because the share price is only going one way - NORTH. Id expect it to see 850-900 by results day.
By My reckoning - from the report carried out by Khongg and Jaffar.....which valued the company last year at 665.433m US$......At the current rate of exchange of $1.22 to the UK£......Each share Now (after buy backs) Has a Value of at least £9.83 pence.... so we are trading currently at only 78% of the then prepared valuation. I see the Group's 36.84% share in PT Agro Muko to the Belgian Sipef group for the sum of US$100 million (which is 6% above the valuation at that time).....so on that basis then the value per share is approx 9.80£ after the 6% that will be paid as a special dividend (10p). So MPE now has nearly 200m$ cash in the bank on its own plus at least 565$m of assets (minimum) and so the KLK offer of 7.40 a share (at current share holding) is indeed an insult. so by my reckoning a 40% premium to the value per share of 9.8 makes a take over of value of 14£ seem a good figure. with new plantations delivering more and the value of palm oil going up as well as yield then i think KLK would need to offer at least 12-14 for it to be accepted. The Minimum net asset value is 9.80 per share imho....so they had better get a move on if the want to bid because the share price is only going one way - NORTH. Id expect it to see 850-900 by results day.
choo choo
Bid now moving up nicely from 749p now 776.5 on low volume - offer near 800...something may be in the offing here IMVHO!
Soon be 3 months (21st March) since last offer lapsed - share price ticking up quite quickly now. Bid looming??- so expect it to be at least a tenner maybe 12 a share. Results 6th April - and Palm olive oil prices approx 50% more than in 2015 year so expect without a bid this will be at 8-850p minimum.......and a bid on top of that - we could seriously be looking at 10- 12 a share then...Yummy ! If they are going to bid - best to do it before further rises in the Oil price and therefore shar price - so id expect sooner rather than later - with id expect a 40-50% premium - so looking in my opinion 11-13 based on current price or expected price of 8.50 by results day. up 6% this month....another 6% will take us past £8 near 8.50.......dont miss the train...choo choo.lol...GLA all holders
There we have it! - price dropped by 20p then 360000 shares bought - thats £2.64 million pounds of shares.....is that a KLK buy!?? This is going to get exciting!
They bought 775000 yesterday and 5462000 on wedesday 11.3% in total - so trying to buy it before someone gets a whiff of whats going on - surprised no one has seen this!
The Bidder is the same company. look at the RNS - it is the subsidiary company of the KLKM who had there takeover offer rejected - check it out via the RNS and google. They have bought 11% of the company since the 25th. i saw the 5246000 buy on monday and thought it was fishy! now it shows up - they had fidelity buying for them. They also bought 800000 yesterday. Ive just got in now at 715pence ish. Think this will go for the 10£ plus and soon! this is a buy buy buy!
Looks to me like the bidder is making sure he's got a big percentage before next bid - now up to 11%
Hello Masil2 I am surprised you are "Not sure about the future". The future can only be good in as much as that knowledgeable shareholders, one owning nearly 17% of the company have rejected an offer of 740p per share. Does that not make you confident that you have a sound investment?
I am waiting for an offer of over £8.50 for this excellent company. The Directors are correct to hold out for a much higher price. £9 plus is possible.
As expected at £7.40
KLK is a very wealthy company and company and could well afford to pay £8.50 for MPE. Otherwise KLK offer should be rejected.
Todays RNS's look to me that a large short has been closed and KLK who put in the offer have swapped a short to a long. Coupled with todays broker rating up to £8.15 I get the feeling there may be an improved offer to follow. One to watch closely imo.
Followers should read the Press Release today to The LSE.
If the sale of the Australian cattle property goes through it should send the share price well up.
With reference to todays' press speculation, has anyone seen it!?
Everything is looking positive for the serious investor
a price drop of over 20p because of an uncrossed trade of 157 shares. Nonsense.
rise today. 14p so far. All the purchases going thru at the asking price.