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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
M.p. Evans Group Plc | LSE:MPE | London | Ordinary Share | GB0007538100 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
8.00 | 0.94% | 856.00 | 848.00 | 860.00 | 864.00 | 848.00 | 850.00 | 9,175 | 11:28:24 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
General Farms,primarily Crop | 326.92M | 73.06M | 1.3583 | 6.30 | 460.43M |
Date | Subject | Author | Discuss |
---|---|---|---|
09/4/2024 13:27 | Very nice increase in share price recently | forensic | |
19/3/2024 08:40 | Some dry weather might affect production later in 2024 but that often leads to increases in CPO price anyway so may help offset some drop in production New production will be coming through Meanwhile yield is 6% | ntv | |
19/3/2024 08:22 | "This price stability has continued into the early part of 2024, with some price strengthening as the period continued. In early March, the Group has achieved some tender prices of a little over US$800 per tonne." That's very good then. Sorry, I was wrong. | nobull | |
19/3/2024 08:03 | As reported above, CPO prices were relatively stable during 2023, with the Group achieving an average mill-gate price of US$729 per tonne. This price stability has continued into the early part of 2024, with some price strengthening as the period continued. In early March, the Group has achieved some tender prices of a little over US$800 per tonne. | ntv | |
19/3/2024 07:58 | Not according their statement | ntv | |
19/3/2024 07:53 | 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. | nobull | |
19/3/2024 07:48 | Also note recent prices for CPO are over $800. That is a 10% increase almost straight through to the bottom line along with Production increases | ntv | |
19/3/2024 07:21 | 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. | chillpill | |
18/3/2024 07:47 | Agree. Market oblivious to the move to $1050 from $875 in October. | chillpill | |
14/3/2024 09:15 | Strong recent CPO price has had zero effect on the share price or at AEP Seems a bit strange to me I think the results are due next week . Maybe it is because the 2H results won't be that great Maybe it is time to look ahead 5% yield while you wait | ntv | |
01/2/2024 14:35 | Golden cross forming shame about the terrible spread | linton5 | |
19/1/2024 15:18 | "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. | nobull | |
19/1/2024 10:21 | Wish the share price would lol | gripfit | |
19/1/2024 10:16 | but increasing each year ... | nocton | |
19/1/2024 10:07 | Terribly boring share …6% yield ,, | gripfit | |
19/1/2024 09:30 | update seems good to me who knows in this market | ntv | |
15/1/2024 12:11 | 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? | nobull | |
11/1/2024 21:36 | Out at 729p , similar to buy in price 3 yrs ago. Getting older, looking for less risky holdings. Good luck holders. | wad collector | |
11/9/2023 17:15 | Even an optimist would see a 75% upside as stretching credulity. A slow rise back to a tenner would be a more reasonable target I would have thought. A single product company predominantly from a single country is inevitably more vulnerable to commodity price variation and political intervention, but also more chance of bigger gains. Happy to hold . | wad collector |
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