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RNS confirming company is going what they said, all good for improving confidence and gradual expansion growth. Positive stuff.
Palm oil moving up,
Update, more land for production and going forward will bring in the extra production, i like to see the use of cash in growing the Company, great result
To enter the Palm Oil stock Market??
its been a stable few months , and the prices have been steadily rising over the last few weeks,
Back to palm oil. The price sin international market have remained relatively stable over the past few months –in fact lower today than the same period last year with much reduced volatility than FY22. Imported cost continues to hover a little over $1000/ton – and with the rupee losing fast against the greenback and petroleum prices at record highs, the retail prices are in for another round of increase, sooner than later.
could be a good time to pick up some shares in MPE , ??
This is response I got from the company. I will wait and watch and can't bring myself to sell such a cheap stock to buy something else.
Thank you for your email, which has been passed to me by our Company Secretary. We appreciate you getting in touch. As you say, it is disappointing to see the recent fall in the share price, particularly as it only increases the gap between the market price and the value implied by the independent valuation of the Group’s assets. You are also right to point out that we cannot control the price of our shares. We have, for some time, been buying back the Company’s own shares, and since 2017 have deployed over US$25 million in doing so. At the same time, we remain focused on growth, and to that end I am sure that you will have seen that earlier this year we both opened the Group’s sixth palm-oil mill, and acquired more than 2,000 additional planted hectares.
We continue to look for further value-enhancing growth opportunities whilst, at the same time, continuing with our share buyback programme. Reflecting on your feedback, the board will certainly discuss the potential to extend/expand the buyback programme, particularly at times of lower prices.
KLK has a big enough holding to stop, and did so last time, the buybacks, for whatever reasons it had.
Therefore unfortunately any buy back has to also be cleared with them even if just unofficially.
It is very undervalued but has been for years.
Palm oil price has gone back over $1000 dollars probably due to Russia's terrible assault on Ukraine's seeds, but this should help MPE's profitability, if not it's share price!
I have sent the following email to the company and hoping they will respond:
I am long term investor and disappointed with share performance while company seems to be doing very well on a fundamental level. The company has net cash and doing token share buyback which just about mitigates new shares issued to satisfy staff rewards. I appreciate that company can't control share price but I can't understand why company will not do significant buybacks at these prices that seems to be less than the company's own independent valuation of more than £14. As a shareholder, I consider it will create tremendous value than buying more land. Looking forward to hearing from you.
Sitting duck for a takeover. Share price well below perceived market value and less shares in issue due to buyback
Why price is dropping? Seems good bargain.
When is the next financial result ?
Indeed final dvd 30p
An independent valuation of the Group's plantations was performed at the end of the year, valuing the Group's planted areas at an average of US$20,700 per hectare. After allowing for other Group assets and liabilities, this equity value per share had increased during the year to £14.98 per share. The Group did benefit, in sterling terms, from a weaker year-end exchange rate when compared to the position at the end of 2021, accounting for £1.58 of the increase
very pleased with those results, and nice solid dividend to look forward to. GLA
£9.00 target within weeks on way, a very healthy payout in dividends coming soon
So in effect thats $14 Million dollars added to the NAV, should push it over £13 , imo soon find out
by the BOD , increasing land and crop is an excellent way to use up surplus cash, growth, growth, growth, looking forward to results update, they must be flush with cash ATM
Taken a few more looking to see if they improve the Dividend end of Month, maybe a special divi, they keep on with the share re-purchase , so they might extend that too? will the NAV go over the £13 level ?
A few today, looks like a pretty solid stock to hold for long term
Palm oil may break a resistance at 3,924 ringgit per tonne and rise into 3,958-4,001-ringgit range, Reuters technical analyst Wang Tao said. TECH/C
AEP Massive valuation discount to MP Evans and Asia peers unsustainable. Ex mountain of cash on B/S (USD190m vs mcap 350m) AEP trades on 2-4x discount to MPE on FCF Y and PE.
Generated punchy 40% ROE at H1 yet trading on 0.6X BV ex cash.
Trades like total roadkill
BUY