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MPE M.p. Evans Group Plc

870.00
2.00 (0.23%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
M.p. Evans Group Plc MPE London Ordinary Share
  Price Change Price Change % Share Price Last Trade
2.00 0.23% 870.00 16:35:05
Open Price Low Price High Price Close Price Previous Close
870.00 870.00 870.00 870.00 868.00
more quote information »
Industry Sector
FOOD PRODUCERS

M.p. Evans MPE Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
11/09/2023InterimGBP0.12512/10/202313/10/202303/11/2023
21/03/2023FinalGBP0.327/04/202328/04/202316/06/2023
12/09/2022InterimGBP0.12513/10/202214/10/202204/11/2022
22/03/2022FinalGBP0.2528/04/202229/04/202217/06/2022
17/01/2022SpecialGBP0.0527/01/202228/01/202211/02/2022
13/09/2021InterimGBP0.114/10/202115/10/202105/11/2021
23/03/2021FinalGBP0.1722/04/202123/04/202118/06/2021
14/09/2020InterimGBP0.0515/10/202016/10/202006/11/2020
31/03/2020FinalGBP0.127523/04/202024/04/202019/06/2020
16/09/2019InterimGBP0.0517/10/201918/10/201901/11/2019

Top Dividend Posts

Top Posts
Posted at 19/3/2024 07:53 by nobull
EPS came in slightly below analysts' consensus forecast but I expected the dividend to be unchanged so am over the moon. Am not expecting the share price to do a lot but nonetheless am very happy. Am a bit sceptical about rise in CIF palm oil price - the Rotterdam price may be higher due to non-use of Suez canal, i.e. a lot of the price rise is going to ship owners, I wonder?


P.S. I do not agree with MarketScreener's snowflake diagram for this stock. They presumably give it zero business predictability for the lack of pricing power (the seemingly unpredictable fiscal regime and being a price-taker?) but that ignores the fact that palm oil is not really a discretionary product. The consensus forecast eps data clearly has not reached MarketScreener so must be an error. The financials are better than MarketScreener thinks although they forecast net debt to rise to $51.3m by end 2025. A net debt to EBITDA ratio of 0.45 by end of 2025 is not excessive.
Posted at 19/3/2024 07:21 by chillpill
Looks good to me.
Volumes up 16% ytd and price up 10% from last years average- recent move to $1050 could make this meaningfully higher.
32.5p dividend.
Posted at 19/1/2024 15:18 by nobull
"Terribly boring share …6% yield ,,"

Non-boring shares tend to have speculative or highly speculative risk ratings, and you can make or lose a lot on them - the problem is not knowing which in advance.

MPE has a "balanced" risk rating, down from "adventurous" (after the debt was repaid), so huge share price swings less likely, I wonder?

The problem of the 0% CAGR over a three-year period (mentioned above by wad collector) probably isn't really representative of the shareholder value being created, more a problem of getting the entry price right over the palm oil price cycle (not easy with unpredictable tax changes)?

Business model is sound. Capital structure ditto (MPE uses debt at the right price for the right things e.g. mills that will be fully employed for the life of the loan). JMV.
Posted at 15/1/2024 12:11 by nobull
2023 Forecast dividend yield is 5.8% at 42.5p on £7.36p.
Earnings yield 10.71% (FY2023 FactSet forecast of 78.81p).
A well-run company that makes sound surplus capital allocation decisions. What's not to like?
Posted at 03/7/2023 08:49 by chillpill
Odey Asset Management held 100k shares in both AEP and MPE. I expect it is them causing the price weakness in both.

I have decided to pick up a modest holding in both as I like buying deeply discounted assets.
Posted at 23/6/2023 13:06 by nobull
The risk free rate of interest, a component for discounting the future profit stream, has risen recently (the yield on 5 year gilts?); the palm oil price curve is broadly flat, giving a not so great palm oil price outlook (a price outlook, a few hundred dollars above their production cost?); and the average age of the oil palms is increasing while only small scale extension planting is to be carried out.

I think the dividend cover will drop quite a bit if the dividend is maintained, which I expect it to be, (lower capex going forward will still mean a healthy cash flow coming in, I wonder?), so maybe this is good buying opportunity to bet on a better price outlook occurring to that implied by the palm oil price curve and to the published intentions on extension planting, but WDIK? Nothing. This might just be a great entry price to get in - I can't see anything to be alarmed about by the falling share price - it's a well-run company and it is making good capital allocation decisions (the buy-backs below DCF value, athough that itself is falling due to the strengthening of the £ against the $).

It is a relatively low risk company (that is, if you are already comfortable with investing in SE Asia) for its Stockopedia risk rating dropped recently one notch from "adventurous" to "balanced" so you don't expect to make a fortune overnight on such a stock, but get the entry price right and you should make a reasonable return for the risk taken, I wonder, over the long term? (Think: compounding your money at 12% with a fair amount of share price volatility in some years?) The company has net cash, which it spends wisely. AEP has too much and doesn't spend it (it has 5 timesed the div and claims to want to do share buybacks, but its cash pile is still obscene). REA has net debt and a higher cost of production, so is more risky. Getting rich slowly with MPE (if you get the entry price right) bores some people to death, so it won't be everybody's cup of tea. JMV.
Posted at 02/6/2023 17:25 by pugugly
Market reaction looks as though nobull post 389 may be correct - How much further to fall?

See IC (otherwise known as Kiss of Death) Tipped 24th March so a fall of 77p or 42p if dividend added back,
Posted at 16/9/2022 15:26 by nobull
MP Evans does not cut down high carbon content forests. Your target should be Bolsonaro and the conversion of Amazonian forest land into beef cattle pasture: methane is about a 25 times more powerful greenhouse gas than CO2, and oil palms probably absorb CO2, and MPE even captures methane from the decomposition of its left-overs to make electricity.

MPE gets a premium for producing palm oil in a sustainable way and MPE pays for schools, clinics, etc. and earns valuable forex for the Indonesian economy as well as contributing huge tax revenues and keeping thousands of people in productive work.

Emotive photos of distressed orangutans being displaced have their uses in helping to protect the European vegetable oil market from cheaper competing vegetable oils and help garner sales for Iceland Food's offerings that its CEO is ever keen to emphasise are free of palm oil, pandering to popular perceptions. My idea of sustainably produced palm oil is not one of displacing orangutans or reducing CO2 absorption compared to what occurred before on the same land.

The outlook is disappointing despite the huge dividend increase (which I am grateful for but not starry eyed about), and the outlook could be improved if they finish the extension planting quickly; only then will the dividend rise be justified in my view, a view that seems supported by the flat lining share price since the results. The low historic PE probably just reflects an expected fall in competing vegetable oil prices (when the Ukraine war is finished, maybe next year?)and the rising stocks of palm oil, I wonder? JMV.
Posted at 13/9/2022 10:04 by forensic
How on earth are these results disappointing? The shares are trading on a very cheap PE ratio, and long term growth story. Interim dividend increased by 25%!
Posted at 12/9/2022 13:19 by wad collector
I think they feel obligated to continue the progressive dividend policy. As to forecasting, the problem is , like any arable business, the unpredictability of weather , prices and politics.

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