|M. P. Evans Group
||EPS - Basic
||Market Cap (m)
|MP Evans Daily Update: M. P. Evans Group is listed in the Food Producers sector of the London Stock Exchange with ticker MPE. The last closing price for MP Evans was 423.50p.|
M. P. Evans Group has a 4 week average price of 433.59p and a 12 week average price of 432.05p.
The 1 year high share price is 464.75p while the 1 year low share price is currently 359p.
There are currently 55,631,750 shares in issue and the average daily traded volume is 28,679 shares. The market capitalisation of M. P. Evans Group is £233,166,572.19.
|smackers prudentia: With the recent sell off and share price fall 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
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|
|jzd: EPS up 90% has not been reflected in the share price.
But I did not like the pledge of bank deposits as collateral for coop debt.|
|bobdouthwaite: Palm Oil Jumps to Six-Month High as El Nino Threatens Supply
Can we expect the share price to respond?|
|pcuser: $ is in the WC so $ palm oil price is high
Stg down 12% odd in the last 2 months
MPE figures expressed in STG will rise accordingly
Share price rise circa 12% from November
( still holding )|
|jzd: The share price is zooming away so have decided to cut my holding. Will buy back in on weakness but knowing my luck will miss out on a takeover.|
|sheeneqa: Strange share price movements...|
|rambutan2: reason/s for the share price fall?|
|topvest: tiredoldbroker - I bought my shares in Rowe Evans about 5 years ago at c50p and it's done quite well since then. This is a good commodity play and a robust company. The share price will fluctuate with the palm oil price, but they have some decent property as well. I won't buy any more for now, but am certainly a holder.|
MP Evans share price data is direct from the London Stock Exchange