M.p. Evans Share Discussion Threads

[Abuse team] 15/8/2006 22:31

Post removed by ADVFN

[gateside] 11/7/2006 09:02

Monday, 10th July 2006 10:24

MP Evans completes buy of 14,000 hectare plot for Indonesian palm-oil jv

LONDON (AFX) - Oil-palm plantation and beef-cattle company MP Evans Group PLC said it has completed the acquisition of a forested 14,000-hectare plot in Indonesia deemed highly suitable for oil-palm development.

The project will be held through an Indonesian company, PT Prima Mitrajaya Mandiri (PMM), of which MP Evans will hold 92.5 pct and joint venture partner Halim Jawan the remainder.

Halim, who has close links to the area, will be responsible for securing the Hak Guna Usaha (HGU), akin to a government lease, for the land, the 30-year cost of which will be about 3.15 mln usd.

The company expects to clear and plant the land within the next five to six years with the total cost of the HGU and development expected to be about 55-60 mln usd, financed by existing MP Evans' own funds and additional loans.

Chairman Richard Robinow said: 'Prospects for Indonesian palm oil... continue to look favourable for both the short and longer term.'

[penciles2] 03/5/2006 20:33

results due on may 10, should be very good with beef prices still on way up

[lasata] 27/4/2006 14:11

Shares mag positive today:

"...... its Australian beef operations now cover 19,400 hectares. The value of its original investment there has already increased by almost 50%. With a strong balance sheet, the group has the potential to benefit from the increased interest in vegetable oil, as palm oil is one of the cheapest."

[bobdouthwaite] 27/4/2006 10:12

thanks guys, it's time for a top-up...

[lasata] 27/4/2006 08:44

Bull market forming for palmoil as well. Shares due a rerating soon.

[penciles2] 26/4/2006 21:45

this stock is a massive play on beef prices which are moving up sharply.

[lasata] 26/4/2006 19:44

Good news for palmoil:

Mission Energy, a biodiesel outfit that plans to produce 100,000 tonnes of the fuel from palm oil at a factory in Kuantan Port in Malaysia, is raising $27 million through a prospectus that will give new investors 29.6 per cent of the company. Founding investors and the US-based Tiger investment fund will hold the rest. Tiger has put in $13.6 million through convertible notes.

Mission, scheduled to list next month, will sell its biodiesel into the European market. Mission forecasts it will turn a profit of $27 million in 2008 after losing $3.2 million and $1.6 million in each of the next two years. Extra cream is in the offing with the Malaysian Government offering a five-year tax holiday. But danger is present in the form of risks such as the plant not performing to specifications and the oil price falling significantly.

[lasata] 23/3/2006 13:57

More bullish news for palmoil plantation shares.

Cargill are currently are putting up three palmoil crushing plants, each with 250,000 t capacity, in Indonesia, Malaysia and Singapore.

[wilkeskf] 17/3/2006 23:54

Keep posting, at least one person is reading this board, and thanks for the information !!

[lasata] 02/3/2006 18:18

Palmoil will become a valuable raw material:

China Says Ethanol Blends Account for 20 Percent of Gas Sold, Plans to Invest More in Bio-Fuel


SHANGHAI, China (AP) -- Ethanol blends accounted for 20 percent of all gasoline used in China last year, the government said Thursday, saying it would invest further to develop the bio-fuel as a safeguard against rising oil prices.




Output of ethanol from the country's four refineries reached 1.02 million metric tons last year, the National Development and Reform Commission said in a statement posted on its Web site.

Blending that with regular gasoline produced 10.2 million tons of hybrid fuel last year, reaching the top economic planning agency's target of 20 percent of total gasoline consumed, the NDRC statement said. Ethanol is a liquid fuel made from plants such as corn, grain or sugar.

"As a form of renewable energy, development of ethanol can mitigate shortages of oil resources, improve the air environment, stabilize grain production, and promote agricultural production and consumption," the NDRC said.

"Experience shows that given the relentless rise in oil prices ... our policy of promoting ethanol is correct," it said.

China began experimenting with the grain-based fuel in 2002, and industry groups now place the country third in the world in ethanol production, behind leader Brazil and the United States.

Under a pilot scheme, ethanol-blended gas has been sold at filling stations in five Chinese provinces and 27 cities in the country's east since 2004, the NDRC said. It said the government would support expansion of the industry but gave no details.

China has been anxiously seeking to secure future energy supplies to power its growing economy. Along with signing contracts for foreign oil and natural gas, the government has been spending increasing amounts on nuclear power and renewable sources such as solar, wind and hydropower

[lasata] 28/2/2006 08:29

further good news with this market report for palmoil from the far east.

The break of the last benchmark high at RM1495 proved critical to the up trend of the market. When the resistance was broken, orders and volume flooded into the market and in a short space of an hour contract as prices flew higher.

The trend of the market is decidedly up and the crossing of the RM1500 mark will now turn it into a strong psychological support point.

[lasata] 27/2/2006 18:24

Palmoil market report:

CPO futures came out of its consolidation phase with a strong phase with a strong close yesterday. The benchmark may contract chalked up a gain of RM25 to RM1492.

Trading volumes, however, remained on the low side with only 2,180 lots traded. The sudden buying interest was probably caused by bullish prices sentiments of speakers at the annual palm oil conference.

Speakers spoke of lower production number in Malaysia for the 1st half year, stronger Chinese demand and the forecast that CPO prices would traded within RM1400-RM1600 for the year.

The prevailing low volumes could also have sparked some panic short covering at the end of the day as shorts didn't get any good opportunity to cover their positions during the day.

Technically, CPO futures had its retrenchment move overridden by Thursday's turn up in prices.

This would mean that the up-trend is resuming as some of the oscillator indicators have turn to suggest further up side movement.

As the major trend the market is up and the retracement phase is suggestively ended, now would be the time to reinitiated longs in the market.

[vulgaris] 27/2/2006 08:13

Bizarre- spread opens up to nearly a pound at close of trading each evening, then comes down to a few pence once trading re-opens next morning. this has been going on for a week now.

[topvest] 24/2/2006 20:40

Anyone noticed the spread on this stock. What's going on? 195p - 288p!!

[lasata] 22/2/2006 10:27

MPOA: Biodiesel makes CPO forecast difficult
The outlook for the palm oil sector this year is difficult to predict partly due to demand for biodiesel, which may affect the price of crude palm oil (CPO), said Malaysian Palm Oil Association (MPOA) chief executive Azizi Meor Ngah.

"The demand for biodiesel is not just from here but other countries as well. If you factor that in, chances are the price of palm oil may go up.

"There are forecasts that it goes up to RM1,600 (per tonne). Of course that would be sensible but I don't think so, as expressed by many planters, we like to see the price move beyond that because it can make palm oil less competitive as an input for other products," he said.

[lasata] 14/2/2006 09:52

palmoil prices strengthening daily

[lasata] 09/2/2006 16:09

Recommended in todays shares mag

[lasata] 07/2/2006 08:48

Palm oil prices looking stronger by the day. MPE set to benefit.

[sheeneqa] 31/1/2006 19:24

One year on this week for the enlarged share group, been a good performer...