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 Shares Traded Last Trade
  -5.00 -0.88% 565.00 6,651 16:35:09
Bid Price Offer Price High Price Low Price Open Price
565.00 585.00 575.00 555.00 575.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 89.99 9.64 8.75 62.1 308
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:09 UT 141 565.00 GBX

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Date Time Title Posts
16/9/202015:43M. P. Evans - Palm Oil Plantations244
21/1/201018:01PALM OIL will replace trans fats63
22/5/200822:12M P Evans - Charts and Discussion113

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M.p. Evans Daily Update: M.p. Evans Group Plc is listed in the Food Producers sector of the London Stock Exchange with ticker MPE. The last closing price for M.p. Evans was 570p.
M.p. Evans Group Plc has a 4 week average price of 555p and a 12 week average price of 505p.
The 1 year high share price is 756p while the 1 year low share price is currently 370p.
There are currently 54,502,038 shares in issue and the average daily traded volume is 8,844 shares. The market capitalisation of M.p. Evans Group Plc is £307,936,514.70.
nocton: 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.
ed 123: The volume is very low today but the share price has risen. I guess the two sides are still talking. If the assets are really worth about £10.50 per share, an agreement at £9.00 might be fair? I see that Winterflood head the other market makers on both the buy and the sell sides. Others are sitting safely clear of any action. Not sure what that means. I'm still in here and hoping for a recommendation. Almost any price will do for me.
ed 123: Voting deadline is 1:00pm this Friday. Those holding through nominees will have to pass on their instructions earlier. Brokers will set their own dates. I like the intrigue of takeover situations. MPE's share price has fallen back a bit recently, as some holders bank what's on offer in the market. Volume has been low, though. Although a lower price can be thought to indicate a lower expectation of the bid succeeding, it can work against itself. Meaning, the lower the market price goes, the more attractive the offer of 740p can seem. Will the 40% who said a conditional 'no' to the 740p exercise their freedom to accept? FWIW, I can't see those institutions supporting a possible drop to 500(?)p. Would they really prefer the prospect of incremental rises in the share price for several years, hoping eventually to get back to 740p? They've supported an attempt to get the bid raised but now it's 'make your mind up time'. So, despite the share price having dropped now to 654p, I still expect the bid to succeed.
ed 123: Ta, Tonysss13. A bit more doubt in the market, if the share price is a fair indicator. Maybe the market sees both sides as being now entrenched, so less chance of an agreement? FWIW, I thought KLK's justification read well. Decision time for all holders next week. My guess, about two thirds for the KLK offer.
tonysss13: Ed I don't hold any as i'm a day trader There are many examples of companies that have rejected offers due to undervaluation of the share price, that have never regained that level again. MCHL being a good example of a board not acting in the best interest of shareholders. I think it's quite telling there has been no increase in the shareholders not supporting the offer (albeit unbinding). I expect it will succeed here as you say, or maybe even a recommended offer with a bumb, although if it's a small one the board will look pretty daft given the valuation they have just put on it.
ed 123: Yes, it is due soon and its non-appearance to date suggests that the two sides are still talking. That's good. If an updated defence is produced I'd guess it will take the share price down a bit further. Ironically, a belligerent defence document may push more holders to take the 740p? For me, the future gains from rejecting the bid are far off and inevitably carry some risk. Why gamble?
nocton: I find this situation curious. The directors of MP Evans sold off the Australian cattle interests which surely they must have know made them more likely to be taken over by a Malaysian or Indonesian plantation group? Now the expected bid has valued MPE at a much greater value than ever before achieved in the market and they are playing hard to get. And the share price remains substantially below the offer price, so many must think the bid will not go through otherwise it is easy money for the taking. Last night I was rung by KLK's bank/brokers asking how I was going to vote my shares. This suggests that the voting is close and that the private share holders may tip the balance. In the note from Edison MPE are said to have 41% of shareholders, well below what they had for the lower offer. I have not yet decided what to do but am tempted to accept.
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:// 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
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 MP Evans 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.
M.p. Evans share price data is direct from the London Stock Exchange
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