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Pin to quick picksM P Evans Share News (MPE)

Share Price Information for M P Evans (MPE)

London Stock Exchange
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Share Price: 868.00
Bid: 854.00
Ask: 868.00
Change: 32.00 (3.83%)
Spread: 14.00 (1.639%)
Open: 862.00
High: 868.00
Low: 856.00
Prev. Close: 836.00
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Sunday share tips: MP Evans, Hilton Foods

Sun, 20th Mar 2022 19:23

(Sharecast News) - The Financial Mail on Sunday's Midas column told readers to hold onto their shares of MP Evans, the producer of sustainable Indonesian palm oil.

Indeed, long-term investors may even want to snap up a few shares, the tipster added.

In a nutshell, so to speak, palm oil was one of three vegetable oils most commonly used and went into all sorts of products, ranging from Flora margarine to Maryland cookies or even toothpaste or soap.

Nearly half of the world's output of another oil, from sunflowers, came from Ukraine, and the 2022 harvest was likely to be "horribly disrupted".

Hence the recent price jump from already elevated levels and traders believed that it might remain high "for some time".

Analysts' expectations had been that MP Evans's profits would dip in 2022 and 2023 and that its dividend payout would flatline.

But, said Midas, "these predictions are likely to be upgraded in the next few days."

"Midas first recommended MP Evans in 2011, when the shares were £4.20. The price has more than doubled since then to £9.59 and should continue to gain ground.

"The firm boasts a 30-year track record of maintained or increased dividends too. Existing stockholders should sit tight. Longer-term investors may even want to snap up a few shares."

The Sunday Times's Lucy Tobin told readers to 'buy' shares of Hilton Foods, pointing to the company's nimble strategic acquisition plan to back up her investment thesis.

She also highlighted ShoreCap analyst Darren Shirley's characterisation of its chief executive officer, Philip Heffer, as a "very safe pair of hands".

Analysts continued to project healthy growth for Hilton's topline, to £3.8 billion for 2022, which would be up from £1.8bn in 2019 and £3.5bn in 2021.

Indeed, the company supplied 41% of the country's households with meat from its site in Huntingdon, Cambridgeshire, although it had another 18 factories spread across Europe and Australasia.

And survey data showed that Britons continued to have a voracious appetite for the likes of rashers of bacon.

The company had also bolstered its supply chain and diversified away from meat through the acquisitions that it had carried out over the past year.

Furthermore, she noted how Shirley expected leverage to come down once all of Hilton's deals had been embedded., which would free up the balance sheet again.

"The shares are cheaper, there's a meaty dividend policy, and a nimble, strategic acquisition plan will soon begin to plump up profits," she wrote.

"Hilton Foods is worth taking a butcher's knife at. Buy."

More News
19 Jul 2021 09:20

MP Evans maintains dividend plans as production rises

(Sharecast News) - Indonesia-focussed palm oil developer MP Evans announced a 29% rise in crude palm oil production in its first half on Monday, at 161,400 tonnes, while palm kernel production was 25% higher at 34,700 tonnes.

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1 Jul 2021 09:44

MP Evans confirms reduction in Indonesian export levy

(Sharecast News) - Indonesian palm oil producer MP Evans announced updates made by the Indonesian government to its palm-oil export levy on Thursday, which will take effect from 2 July.

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11 Jun 2021 15:59

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

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10 Jun 2021 12:32

TRADING UPDATES: MP Evans plans expansion after palm oil price rises

TRADING UPDATES: MP Evans plans expansion after palm oil price rises

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10 Jun 2021 09:29

MP Evans sees 'little effect' to trading from Covid-19 pandemic

(Sharecast News) - Palm oil producer MP Evans said on Thursday that Covid-19 continued to be of "little effect" to operations, with all of its estates and mills harvesting and processing throughout the coronavirus pandemic.

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3 Jun 2021 15:51

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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3 Jun 2021 15:51

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

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23 Mar 2021 13:00

TRADING UPDATES: MP Evans plots payout growth; Pebble in profit swing

TRADING UPDATES: MP Evans plots payout growth; Pebble in profit swing

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23 Mar 2021 12:33

MP Evans profit surges after record year of palm oil production

(Sharecast News) - Indonesian palm oil producer MP Evans reported profit of $22.2m (£16.09m) in its final results on Tuesday, up from$7.5m year-on-year.

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16 Mar 2021 15:53

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

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7 Jan 2021 13:49

MP Evans reports solid improvements in crops, production

(Sharecast News) - Indonesia-focussed palm oil producer MP Evans updated the market on its crops and production for 2020 on Thursday, reporting a 9% rise in its own crop to 724,300 tonnes of fresh fruit bunches.

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7 Jan 2021 09:25

MP Evans Palm Oil Output Rises On Larger Crop Of Fresh Fruit

MP Evans Palm Oil Output Rises On Larger Crop Of Fresh Fruit

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7 Dec 2020 18:27

IN BRIEF: MP Evans Notes Indonesian Government Change To Export Levy

IN BRIEF: MP Evans Notes Indonesian Government Change To Export Levy

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1 Dec 2020 19:44

IN BRIEF: MP Evans On "Threshold Of Substantial" Revenue Growth

IN BRIEF: MP Evans On "Threshold Of Substantial" Revenue Growth

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30 Oct 2020 16:11

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

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