Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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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?
Not sure about the future.
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.
And a 5pence divi
Been sold
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.
a lucky number for somebody.
opening trade is just a continuation of the small sales at ridiculous prices. How can they mark the shares down 16p for an uncrossed trade of 37 shares ?
at 16.35 for the past 3 trading sessions a small trade has been made at the asking price. Looks like a deliberate attempt to push the price downwards.
still difficult to see reason to buy here ..yet
SMACKERS is correct in many respects but why he should conclude that MPE is a rival of NBPO is difficult to understand.Maybe he is not aware of the marketing proceedures in place. If he is looking for a bid for MPE at the present time he should draw encouragement from the fact that institutional investors control over 48% of the Company and are frequently ready to take a profit
With the recent sell off and SP fall now followed by a rebound in both Palm Oil & Cattle Prices this is starting to look interesting especially with take-over activity still high in the sector. PEG is only 0.57, and limited borrowing Recent IC Article -- EIGHT GENUINE GROWTH BUYS MP Evans While palm oil producer MP Evans (MPE) has made it past the Genuine Growth screen's 3-month rising-forecasts test, the most recent revisions to brokers predictions have been downward due to weather-related woes. However, other external factors have put a more positive shine on the company's shares, namely the takeover of rival New Britain Palm Oil at an 85 per cent premium to its share price prior to the bid. Broker Peel Hunt points out that the $20,000 per hectare value put on New Britain's plantations compares with a valuation of about $10,000 per hectare currently being applied to MP Evans' land. What's more, the New Britain bid is just the latest takeover in a wave of consolidation sweeping the sector. Spinning off an Australian cattle business could also aid sentiment towards Evans and the long-term outlook for its young estate is encouraging despite recent weather-related set backs. Last IC View: Buy, 440p, 23 October 2014