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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
Are you on holiday or have lost interest? 25,0000 bought a few days ago1
"JOLLY SPECULATOR" SHOULD STUDY THEIR ACCOUNTS. DIRECTORS AND FAMILY OWN 10.24% AND THE INSTITUTIONS 42.94%.
THE DIRECTORS HAVE ENORMOUS HOLDINGS AND APART FROM ONE NO OTHER DIRECTOR HAS SOLD A SHARE
investors chronicle have this as a buy tip for take/over prospects, but jolly's question many months ago remains unanswered, still the directors seem sellers. c'mon BoD, make it a match.
a director bought here?????
& still expensive on EV/EBIT and v NAV, no? ...no advice intended
to NAV...eyeing up 3.50 or so ....aaoo/dyor
forest damage done by the Indonesian MP Evans serious enough because it has been since the year 2009 oil palm planted in 2012 this issue known to the police then in 2012 also proposed to change the status of forests that have been destroyed. but until now pemerinta Indonesia (forestry minister) menberi not permit change the land status.
The next Stock Exchange Announcement of MP Evans will be held on Tuesday 16 April 2013, at 09.30 at the offices of Hudson Sandler, 29 Cloth Fair, London EC1A 7NN. http://www.mpevans.co.uk/mpevans/en/news/announcements?ref=148 MP Evans should make an official statement or announcement clarifying the matter of illegal logging in Kalimantan, Indonesia.
http://www.suarakarya-online.com/news.html?id=323621 Original report in Indonesian. English translation by using Google tool. lOGGING WILD Parliament: Investigate Foreign Parties Involved Saturday, March 30, 2013 JAKARTA (AFP): Parliament urged law enforcement officials to resolve the alleged cases of illegal logging or illegal logging, particularly those involving foreign parties. The study of Indonesian Corruption Watch (ICW) in 2011 showed, the potential state losses due to crime in the forestry sector in the district Seruyan, Sambas, Ketapang, and Bengkayang reached Rp 9.149 trillion. The magnitude of the losses caused by illegal logging cases should receive special attention. Government can also take part in preventing loss of this country by revoking licenses of companies that rated 'recalcitrant', as did the East Kutai Regent Isran Noor the British company, Churchill Mining. Kutai Regent Kertanegara should also dare to take similar action to revoke the license of MP Evans & Co.
Parliament Urges Police Investigate Illegal Logging MP Evan & Co. Ltd Skalanews - Member of Commission III of the House of Representatives of the Democratic Party, Didi Irawadi Syamsuddin, asked Police Chief of Police to resolve cases of alleged illegal logging which is still going on. Case illegal logging must be submitted to the court, one of which alleged illegal logging by foreign subsidiaries of UK, namely MP Evans & Co Limited. "Investigate thoroughly. If proven to capture and drag the perpetrators to justice," said Didi Irawadi in a statement in Jakarta. http://skalanews.com/berita/detail/136147/Parliament-Urges-Police-Investigate-Illegal-Logging-MP-Evan-Co-Ltd
MP Evans was accused of illegal logging in Kalimantan, Indonesia. http://en.bisnis.com/articles/a-british-company-accused-of-illegal-logging-in-kutai-kartanegara Hope it is not true The consequence of illegal logging in Indonesia may be serious https://www.rainforest-rescue.org/mailalert/881/2-000-bornean-orangutans-need-our-help
M. P. Evans Group (MPE) Director name: Mr James Derek Shaw Amount sold: 3,793 @ 495.00p Value: £18,775
Top Director Sells M. P. Evans Group (MPE) Director name: Mr James Derek Shaw Amount sold: 5,000 @ 498.00p Value: £24,900
Shares in agricultural and farming group MP Evans rose on Friday, despite a significant slide in interim profits. Investors were focusing on future prospects. The most important contributor to profits is the group’s Indonesian palm oil business – and palm oil prices have been soft in the first six months. The group also owns a share in Australian cattle group NAPCo, which was impacted by falling beef prices. Palm-oil prices averaged $1,096 a tonne, 8% lower than the first half of 2011. However, a slump in pricing is not expected. Prices should be supported by the high price of its alternative, soybean oil. Production of fresh fruit bunches (ffb) rose 22% on its majority owned estates. Evans expects to produce 300,000 tonnes this year, rising to 500,000 tonnes by 2015. Questor last said buy when the shares were at 473.5p on April 18. They are trading on a 2012 earnings multiple of 14, falling to 12.3 and remain a buy, Questor affirms.
The palm oil and beef producer M.P. Evans has seen profits hit by a reduction in beef prices but the palm oil operation is seeing productivity surge. Evans's livestock division is based in Australia and has been hit a by a fall in prices for beef since the highs of late 2011. The herd at the fattening site in South Queensland known as the Woodlands has been kept at 10,000 and the animals showed weight gains during the first half. But the fall in prices saw the unit lose US$0.57m in the six months to the end of June. The group also owns a share in the huge North Australian Pastoral Company which runs a herd of around 200,000 cattle in the Northern Territory and Queensland. That share produced a post tax loss of US$1.24m in the first half against a $2.88m profit in the prior year. The story at Evans's palm oil sites in Indonesia is quite different, with production of oil-palm "fresh fruit bunches" expected to hit 300,000 at the group's majority owned sites by year's end. Current numbers show the crop is 22% better than the same period of last year. Prices for palm oil have declined 8% compared to the first half of 2011, to $1,096 per tonne which has led to a 31% decline in profits before tax to $15.33m. But the market likes the increased production profile, with the stock up 1% since the half year report was released on Friday morning. Commenting on the results, the chairman of M. P. Evans, Peter Hadsley-Chaplin, said: "Overall, the Group has performed well in the first half of 2012 and it is particularly pleasing to note the increase in palm-oil profits from the majority-held operations...Projected growth in the Group's crops to 300,000 tonnes in 2012 is expected to continue to around 500,000 tonnes in 2015. Although the beef-cattle operations suffered a loss in the first half, the prospects for Australian beef remain favourable."
M. P. Evans Group Sell 09-Jul-12 £1,098,375.04 Peter E Hadsley-Chaplin 217,500 @ 505.00p M. P. Evans Group Sell 09-Jul-12 £1,073,125.04 Philip A Fletcher 212,500 @ 505.00p
The Telegraph's Questor column has also taken a look at plantation and cattle farm owner MP Evans and recommends investors to buy the stock, which increased profits last year by almost two thirds. "The main driver of profits is the company's Indonesian palm oil plantation business, with the fundamentals of the palm oil market supporting future growth," the paper writes.
The final dividend has been raised to 5.75p from 5.50p, taking the full year pay-out to 8p, versus 2010's full year divi of 7.5p.
"Cattle prices have eased from the higher levels seen in 2011, but nonetheless remain at historically-firm levels. Growing demand in Asia and the continuing decline of the US cattle herd would indicate that the medium-to-long-term outlook for Australian beef-cattle markets remains positive," Hadsley-Chaplin opined.