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MPE M.p. Evans Group Plc

870.00
2.00 (0.23%)
24 May 2024 - Closed
Delayed by 15 minutes
M.p. Evans Investors - MPE

M.p. Evans Investors - MPE

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

Top Investor Posts

Top Posts
Posted at 23/3/2021 07:53 by bubloo
why is there a huge difference between AEP and ape valuations. Amp have about 90 million cash at June 2020 and now probably have more. They seem to be double the production and turnover of app. Any thoughts from investors who know more about the numbers. Sine my last post I have a small holding here and hoping for some price action due top dividend


I am contemplating switching to AEP at some stage. would that be a wise move?
Posted at 01/12/2020 10:38 by nocton
Very comprehensive investor presentation today. Excellent prospects for future profits and dividends. The company is making a really good effort on sustainable production. Bt a few more.
Posted at 23/12/2016 10:35 by ed 123
Hi Ohisay. I'm fine thanks, and yourself?

Thanks for that EK piece. Yes, probably explains yesterday's strength. I'm still holding and, although I've questioned the stances of both management and major investors, I continue to think that a deal will be done - perhaps with KLK, perhaps with another party. Anyway, as I bought in at about 420p I'm likely to exit at some point with a useful profit.

I've had a quick look at RE.. I guess, once again the value is in the assets, as opposed to current earnings. Not holding any but may get time to look a bit deeper over the break.
Posted at 02/11/2016 09:35 by ed 123
Ta, Exbroker. :-) I'd be delighted with just £7.00.

Significant risk remains. If the board and major investors are too ambitious, the bid may not be raised to an 'acceptable' level. Then it would go to the vote at 640p.

With figures like 815 to 1000p, where was everyone when the market price was sitting down at 420p? Even one of MPE's own directors was a seller.
Posted at 25/10/2016 12:29 by tonysss13
FOR IMMEDIATE RELEASE

25 October 2016

CASH OFFER

for

M.P. Evans Group PLC ("MP Evans" or the "Company")

by

KUALA LUMPUR KEPONG BERHAD ("KLK")

through its wholly-owned subsidiary, KL-KEPONG INTERNATIONAL LTD ("KLKI")

Summary

· Following discussions with the Board of MP Evans, the board of directors of KLK, through its wholly-owned subsidiary, KLKI, announces the terms of a cash offer for MP Evans by KLKI to acquire the entire issued and to be issued share capital of MP Evans (the "Offer"). It is intended that the Offer will be implemented by means of a takeover offer under the Code and within the meaning of Part 28 of the Companies Act 2006.



· Under the terms of the Offer, MP Evans Shareholders will receive:

for each MP Evans Share 640 pence per share in cash



(the "Offer Consideration").



· In addition, MP Evans Shareholders whose names are on the register as at the close of business on 21 October 2016 will continue to be entitled to receive the interim dividend of 2.25 pence per MP Evans Share announced by MP Evans on 12 September 2016 for the six month period ended 30 June 2016 and which is to be paid on or after 4 November 2016 (the "Interim Dividend").



· Therefore, MP Evans Shareholders will receive, through the Offer Consideration and the Interim Dividend, in total, 642.25 pence per MP Evans Share (the "Offer Value"), valuing the entire issued and to be issued share capital of MP Evans at approximately £360.5 million.



· The Offer Value represents a premium of approximately:



o 51 per cent. to the Closing Price of 426.25 pence per MP Evans Share on 24 October 2016, being the last Business Day prior to the commencement of the Offer Period;



o 54 per cent. to the volume-weighted average Closing Price of 417.4 pence per MP Evans Share for the 30 days ended on 24 October 2016, being the last Business Day prior to the commencement of the Offer Period;



o 57 per cent. to the volume-weighted average Closing Price of 408.5 pence per MP Evans Share for the twelve months ended on 24 October 2016, being the last Business Day prior to the commencement of the Offer Period;



o 51 per cent. to the volume-weighted average Closing Price of 426.0 pence per MP Evans Share for the three years ended on 24 October 2016, being the last Business Day prior to the commencement of the Offer Period; and



o 67 per cent to the implied equity value of MP Evans of £182.2 million, based on the Closing Price of ‎426.25 pence per MP Evans Share on 24 October 2016, being the last Business Day prior to the commencement of the Offer Period, adjusted for net debt of £5.4 million at MP Evans, as reported in its interim results for the half year period ended 30 June 2016, and the additional cash receipt on 21 July 2016 of £62.5 million arising from the disposal of its NAPCo business (less the associated special dividend of five pence per MP Evans Share paid on 17 August 2016), both of which KLKI expects to acquire on a pound-for-pound basis.



· The Offer Consideration values the entire issued and to be issued share capital of MP Evans at approximately £359.3 million.



· The Chief Executive Officer of KLK has in recent weeks held exploratory discussions with the Chairman of MP Evans which were followed on 11 October 2016 by a proposal in writing to the Board of MP Evans in respect of an indicative offer of 640 pence per MP Evans Share, plus the Interim Dividend of 2.25 pence per MP Evans Share. On 13 October 2016, this proposal was rejected by the Board of MP Evans. Nevertheless, the Board of KLK believes that MP Evans Shareholders should now have the opportunity to decide on the merits of its Offer.



· KLK believes its all-cash Offer is highly attractive for MP Evans Shareholders, representing a compelling value proposition with a high degree of certainty at a substantial premium to the current share price providing an opportunity to realise in full the value of their investment in the context of the low liquidity in the trading of MP Evans Shares.



· Further, KLK believes there to be strategic merit in synergising the operations of MP Evans with KLK's from a geographical and capabilities perspective. The management of MP Evans will also have opportunities to develop their careers within the larger organisation. Together, KLK and MP Evans should establish best practices for the further growth of both companies and enable the enlarged group to capitalise on economies of scale in the oil palm sector.



· The cash consideration payable pursuant to the Offer will be financed through an acquisition loan facility provided by The Hongkong and Shanghai Banking Corporation Limited.



· HSBC, as financial adviser to KLK and KLKI, is satisfied that sufficient cash resources are available to KLKI to satisfy in full the cash consideration payable to MP Evans Shareholders (and participants in the MP Evans Share Schemes) in the event of full acceptance of the Offer (which, for the avoidance of doubt, does not include the Interim Dividend, which is payable by MP Evans).



· KLK is incorporated in Malaysia and listed on the Main Market of Bursa Malaysia Securities Berhad with a market capitalisation of approximately RM 25.9 billion (approximately £5.1 billion) as at 24 October 2016, being the last Business Day prior to the date of this announcement. KLK was started as a plantation company more than 100 years ago and plantations still remain its core business activity.



· The Offer is conditional upon, amongst other things, valid acceptances being received in respect of MP Evans Shares which, together with any MP Evans Shares acquired by KLKI and/or KLK or any other member of the KLK Group (whether pursuant to the Offer or otherwise) carry, in aggregate, more than 50 per cent. of the voting rights then normally exercisable at a general meeting of MP Evans.



· Appendix 1 to this announcement sets out the Conditions and further terms to which the Offer will be subject. The Offer does not require the approval of KLK's shareholders.



· If the Offer becomes, or is declared, unconditional in all respects and KLKI receives valid acceptances under the Offer in respect of MP Evans Shares which, together with any MP Evans Shares acquired, or agreed to be acquired, before or during the Offer by KLKI and/or any other members of the KLK Group, represent not less than 75 per cent. of the voting rights attaching to the MP Evans Shares, KLKI may procure that MP Evans will make an application for the cancellation of the admission to trading on AIM of the MP Evans Shares. In the event that cancellation of admission to trading does occur, it is likely to reduce significantly the liquidity and marketability of any MP Evans Shares in respect of which the Offer has not at such time been accepted.



· Neither KLK nor KLKI currently owns any MP Evans Shares as at 24 October 2016, being the last Business Day prior to the date of this announcement.



· The Offer Document, containing further information about the Offer, will be published, other than with the consent of the Takeover Panel, within 28 days of this announcement and will be made available on KLK's website at hxxp://www.klk.com.my/investor-relations/mpevans.

This summary should be read in conjunction with, and is subject to, the full text of this announcement (including the Appendices). The Offer will be subject to the Conditions and further terms set out in Appendix 1 to this announcement and to the full terms and conditions which will be set out in the Offer Document. Appendix 2 contains the bases and sources of certain information used in this summary and this announcement. Appendix 3 contains definitions of certain terms used in this summary and this announcement.

Enquiries:

KLK



David Chong

Teh Kwan Wey

Yap Miow Kien


+603 7809 8962

+603 7809 8965

+605 240 8052

HSBC Bank plc



Oliver Smith

Rajeev Sahney

Alex Thomas

Nick Donald
+44 20 7991 8888
Posted at 24/10/2010 17:19 by 2goon
For anyone who has not got a stake in the new gold...Palm Oil..and wishes to get in at the ground floor with a new sustainable Palm Oil share with great potential you should thoroughly investigate....... Equatorial Palm Oil LSE:PAL
Indian giant Siva, knowledgeable about Palm Oil, is said to be about to invest
$60 000 000 in this company which has and is revitalising huge existing palm oil plantations in Liberia and is on the verge of producing its first oil to the market and the shares have increased from about 12p to 21p in the past three weeks........all suggesting that investors get in quickly....these could rocket once the oil is sent to the market.
Posted at 23/8/2007 16:44 by wassapper
You may be interested in a piece written to highlight the next Commodity Watch radio show (which can be found on Minesite)

Hedge Funds Aren't the Problem; They are Part of the Solution

During the market turmoil of the last month there have been many siren voices, some even suggesting that the situation faced by global financial markets is akin to a 1929 crash, with investors encouraged to sell everything. In an exclusive interview for Commodity Watch Radio, it was reassuring to hear from John Mauldin that he believes such comments to be "excessive, and pandering to people's fears."

John is President of Millennium Wave Advisors, LLC a US based investment advisory firm that is focussed on the hedge fund sector. Through a network of partners in places such as the UK, Denmark and South Africa, John Mauldin is probably closer to what is happening in the hedge fund industry than most. Whilst his name may be unfamiliar to some, John is very well known to a broad section of the global investment community through his weekly newsletter which is free and read by over one million recipients. "I've been writing this every Friday night for some years now. It helps me to collect my thoughts and at the same time helps others."

The subject of sub-prime mortgages has been concerning John for the best part of a year now as evidenced in his letters. His principal concern is that the fallout from this sector will affect the US housing market to the extent that it causes a mild recession in the US and he still thinks that we shall see this. A US recession will have perhaps a more significant effect on global markets with "a further 10% downside at least for US equities." It is the reset effect of sub-primes that should cause concern. Most of these 'exploding ARMs' are due to start their resets (to higher rates) over the coming months with the peak being seen through to the end of the first quarter 2008.

When asked if the current liquidity crunch was caused by hedge fund speculation in CDOs that were clearly mis-priced and given AAA ratings by the ratings agencies his answer is an emphatic no. "We have seen a few funds blow up. If there were many more we would probably have seen them by now. I have been calling dozens of people in the industry over the last two weeks and asking them if they have seen major redemptions. They have not." So where does the problem lie? "It is Asian and European institutions that were buying these securities. The major problems have been seen in Europe with the ECB pumping in liquidity and German banks in particular experiencing problems."

John has some pretty radical views of how this crisis might pan-out, anticipating more normal markets by October. Very soon he expects the lawyers to get active and have the ratings agencies such as Moody's and Fitch in their sights. "The ratings agencies will have to answer some tough questions. " As he said in his last letter, "Credit markets function because there is the belief that if you lend money you will get it back. Ratings are the grease for those markets. Now they have become the sand in the gears." His view is that these agencies need to restore credibility and he makes the serious suggestion that Warren Buffet should step in and takeover Moody's. He already owns 19%. He should "put his not inconsiderable credibility on the line for all the future ratings and the inevitable re-ratings that are going to be done."

But how do the markets start to unfreeze? He thinks hedge funds will be a major part of the answer. "Savvy distressed-debt hedge fund managers will look at the paper, and buy it for a discount." The key point here is that whilst significant losses may occur for the owners of this paper, they will at least be able to put a value on it (which they can't at present) and move on. Much of the debt will be redeemable giving the funds that step in a healthy profit, even with modest gearing.

He sees the process as being gradual. Traders have to be very careful in this market. They could easily make career ending decisions if they make the wrong move. "They don't want to put themselves in the sub-prime category!" he says with a grin.

We talked a lot more about the markets, the dramatic unwinding of the Yen carry trade (see chart below), gold, oil and the dollar. To hear more from John Mauldin look out for the next edition of Commodity Watch Radio.

Meanwhile, if you would like to read more of John's thoughts you can subscribe to his free weekly newsletter here.
Posted at 20/8/2007 11:18 by jzd
Have got back in today @£3.5 having sold @ £3.8
Of course I missed the top £3.9 and bottom £3.4 but the Malaysian sale and Indonesian court case results seem positive to me.
I consider myself an investor rather than a trader but do like to look at the charts as well as the fundamentals
Posted at 26/4/2006 19:44 by lasata
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.

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