M.p. Evans Share Discussion Threads

[oli12] 14/10/2020 13:03

CPO price now $780 - should add to the H2 numbers.

[coolen] 16/9/2020 15:43

Interesting cross today of 200,000 shares.

[ntv] 31/8/2020 17:14

Many thanks Oli12

[oli12] 28/8/2020 15:55

Don’t disagree Norton re share buybacks, especially when there is debt to service. In the case of MPE it could only purchase around £1m of shares per year, the lack of liquidity meant they often mopped up stock of holders who wanted out. I still believe KLKs vote against the buyback was based on other motives. Time will tell.

[nocton] 28/8/2020 14:47

I voted against it too, as I always do. Companies are rarely any good at buying back their own shares. They tend to buy high and it is not clear that it has more than a temporary effect on the share price. If they have spare cash they can't invest in the business, they should pay it out to the shareholders. There's nothing like the value of cash in hand. A shareholder can then buy more shares in the company if they think they are good value or choose another company.
Buying back shares would tend to increase the % share KLK own, perhaps pushing them over the 29% threshold before they wish to make a bid.

[oli12] 28/8/2020 14:23

See AGM June resolution 10. Authority to purchase own shares, it was NOT passed and thus buy backs ceased immediately.

Based on the numbers it’s likely that KLK voted against this resolution. It’s reasons for doing so.... maybe check the MPE / KLK history.

[ntv] 28/8/2020 14:13

Why has the company suddenly stop buying it's own shares back?

[forensic] 29/7/2020 14:40

Promising.

[oli12] 29/7/2020 12:37

Well KLK are buying again.... their last in market purchases were back in March 2019... time to ready the defenses again.

[oli12] 28/7/2020 12:57

Indeed. Liquidity here always a problem. Great H1 numbers posted last week and CPO price moving up nicely should bode well for a promising H2.

Maybe KLK will come back for a second nibble as well - the bigger holders will decide the price though.

[tole] 28/7/2020 12:36

Big volume gone through. Looks like it's cleared a line of stock.

[oli12] 10/1/2020 16:56

Big trade value £5m today - along with the usual smaller trades.

[oli12] 09/1/2020 18:51

Yes some good headline numbers, 2020 should be good given the price of palm oil. I continue to observe some strange trading going on here, lots of small trades designed to pull the price down.

[bobdouthwaite] 09/1/2020 16:16

Production rose 21% in 2019.

[oli12] 31/12/2019 08:38

Palm oil up again.

[oli12] 30/12/2019 14:32

Based on previous statements the BoD, they have made it clear the price needs to be nearer the £10 level - happy to hold collect the dividend and wait it out.

[forensic] 30/12/2019 14:23

I would bet on a takeover in 2020

[oli12] 30/12/2019 11:46

Palm oil price closed at a 3 year high - it has risen just over 40% this year.

MPE well placed to benefit from this, some strange recent trading activity here, lots of small trades going through pulling the price up / down.

Could Kuala Lumpur Kepong Berhad come back for a take over in 2020 - they are the largest holder.

[bobdouthwaite] 05/12/2019 14:28

The FAO Vegetable Oil Price Index rose by 10.4 percent in November, as palm oil price quotations rose amid robust global import demand, increased use for the production of biodiesels and expectations of possible supply shortages next year. Rapeseed and soy oil values also rose.

[nocton] 02/4/2019 09:34

PO and SB price go up and down, but main thing important for the long term is the steadily increasing production and lower costs. PO is a victim of its own success - it has long since hugely overtaken SB oil. SB oil production is a by-product of the animal feed industry - 80% of the bean is meal. The more vegans there are the less will be produced!

[mw8156] 02/4/2019 09:16

pretty depressing results, palm oil price depressed, just too much soya planted.

[felix99] 07/11/2018 17:13

people who bid for company - cant believe it but the offer lapsed in December 2016 - some 2 years ago.

They bid and failed at £7.40 nearly two years ago and directors at time, and currently, think its worth north of £10.

KLK have increased holdings from about !0% in Jan 17 post the lapse to current levels. Looks like they are nicking stock that MPE would otherwise be buying as part of the share buy back.

One to just hold and wait for the value to will out either by a decent bid again from KLK or otherwise probably via a rise in palm oil prices. KLK seem to have no qualms buying whatever they can at these levels still it seems. ( eventhough palm oil at a low of some $500 a tonne and it was north of $700 in Dec 16 )

[galles] 07/11/2018 15:59

Yes, looks like KL-KEPONG INTERNATIONAL LTD accumulated. Whoever they are