Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Great news and looking forward to the increased dividend payout,
That price of 5% at $9000 per hectare, puts an amazing valuation on this asset alone, more than current Mcap, WOW!!!
Started: Roxi, 28 May 2024 08:11
Last post: Roxi, 28 May 2024 08:11
Onwards to £9 this year, imo
Also 9% pullback of palm oil price was deeper than expected. It needs flip to positive first.
Not really. Still accumulating. Need 3-4 weeks more
For the next push up, looks primed!!!, imo
This hasnt broke into the £9 levels, great Company and Dividends , long term growth !!!!
Holding recent highs, going to be a great year for MPE, solid performer
At year high, great news for MPE, must be coining it in!!!!!
MPE making great progress in the Sp and even better Directors are buying, had a great rum since the lows can now see this going to £9 over the coming weeks, brilliant cash business
This finally break into the £8 range, now lets hope it continues towards £10
Started: Roxi, 27 Mar 2024 15:44
Last post: Roxi, 27 Mar 2024 15:44
With high Palm oil prices rising, MPE should be raking it in!!!!, pretty solid performer.
The Sp gaining ground, Palm prices still on the up!!!!
Started: Roxi, 20 Mar 2024 08:10
Last post: simo2468, 20 Mar 2024 10:18
Nothing not to like here. Buyback reducing shares, good dividend ,nice profit even after buybacks and more land purchase. Young trees coming up so higher yields. Oil price gains. All positive. Just topped up again.
Started off with decent amounts, won't take long to spend the £2 Million, uptick in Sp looks imminent!!!!
Started: Troajan, 19 Mar 2024 12:27
Last post: Troajan, 19 Mar 2024 12:27
Started: Roxi, 19 Mar 2024 08:14
Last post: Roxi, 19 Mar 2024 08:14
Great news for investors, returns will be great this year, palm oil having a great run
Continues its rise, another tick up these past few days heading toward $1000 , MPE coining it in, special divis?
Over $900 now, cash to MPE will be rolling in!!!!!
Still cancelling shares through buybacks, Dividend 35p???
UP 20% since the lows in 2023, now $897 and still showing growth , be great if it holds above $850 levels MPE Profits this past 6 months will exceed forecasts, the results should confirm this next week!!!
Started: Roxi, 12 Mar 2024 13:49
Last post: Roxi, 12 Mar 2024 16:22
6% Dividend yield from current Sp , pretty decent and NAV around £16.00 currently very cheap , imo
Should still be above 30p, they have increased production and revenue from Palm oil has increased significantly last few months, could we hope for 35p????, NAV will interesting.. £16??
Continues its rise, these past few weeks, MPE must be raking it in,imo
Continues to rise, MPE will be making some serious cash now, having increased production significantly these past 12 Months,
Dividend to increase again, !!!!
NAV will be double current Sp imo
Solid day, while were under the £16 NAV keep adding , imo
Towards year high, Divi likely to be increased again this year, imo
Continues its trend upwards, cash churning machine MPE good dividends incoming
Started: anyoneforcricket, 27 Nov 2023 10:53
Last post: Roxi, 16 Jan 2024 16:19
Palm oil prices recovering, should bode well for Sp and Divis,
I’ve taken a position today. It’s the buying of the 8k hectares that swung it for me. They were planted in 2017/18 so they should be reaching their peak in 3-4 years. I can’t see the demand for CPO falling. Seems like a nic e steady business.
So far the market has not reacted on acquisition of 8000 hectares. Strange, considering Matt Caulson made statement on 1st December. Although planted in 2017-2019, group production should increase already in 2024.
Always good that they are adding more acreage, should help the Dividends grow over the next few years, as young crops mature,
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
Started: Roxi, 22 Aug 2023 16:24
Last post: Roxi, 22 Aug 2023 16:24
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 , ??
Started: Selpec, 29 May 2023 10:02
Last post: aarya, 29 Jul 2023 16:17
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.
Started: Troajan, 24 Mar 2023 15:32
Last post: Troajan, 24 Mar 2023 15:32