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
  56.00 8.33% 728.00 3,541 16:45:49
Bid Price Offer Price High Price Low Price Open Price
674.00 726.00 728.00 728.00 728.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 127.64 20.80 27.36 26.7 397
Last Trade Time Trade Type Trade Size Trade Price Currency
16:45:49 UT 16 728.00 GBX

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Date Time Title Posts
19/7/202108:08M. P. Evans - Palm Oil Plantations308
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 672p.
M.p. Evans Group Plc has a 4 week average price of 670p and a 12 week average price of 670p.
The 1 year high share price is 764p while the 1 year low share price is currently 540p.
There are currently 54,502,038 shares in issue and the average daily traded volume is 12,324 shares. The market capitalisation of M.p. Evans Group Plc is £396,774,836.64.
nobull: Ex mill gate average $724. Very good. This really sets the benchmark to judge the CEO at REA on - I bet they don't get an average realised ex-mill gate price anywhere near this - more like $660, I wonder? All this was achieved despite crippling levels of taxation for one month. But this is no excuse not to do some extension planting. Award of free shares should be tied to amount of extension planting done, should it not, not to rising cpo prices.
galeforce1: Noble - I guess KLK might go to £9 a share. I can't see them paying more than that.
nobull: Why has he left? No job to go to. A bit odd. 20% premium? £8.52? No, thank you. P.S. I'd have thought extension planting was the way to get the share price up to fend off a bid.
galeforce1: Probably a good day to add a bit. I don't see anything in the RNS to cause a 5% drop. Peter Hadsley-Chaplin should be a steady hand on the tiller until a replacement for Tim Price is recruited. It's surely just a question of time here before KLK bids for the whole company at a 20% premium.
nobull: You were right about eps rocketing in the future: I see they gave a conservative illustration at $600 CPO price (presumably an ex-mill gate price) leading to 81p eps in 2024. If you assume no further significant growth in eps after 2024 and you require a 12% earnings yield just for being in this kind of business in Indonesia, then that generates a price target of £6.75 (PE of 8.33). Of course if eps are going to continue growing after 2024, then the PE ratio will be a lot higher than 8.33. Hopefully, they will acquire more land near Simpang Kiri, build a new mill there, and more importantly get the extension planting done at Musi Rawas. If they do all the right things, growth wise, then a higher PE in 2024 would give a much more decent price target e.g. 14 x 81p = £11.34p. JMV.
oli12: AGM next week - Hopefully a YTD update: based on the record Palm oil price and the anticipated crop growth, MPE should be on for a very good year.
nobull: 4,394 ringgit a tonne for the May CPO contract at that time, so a way to go yet, perhaps another $100, before the Rotterdam CPO price can overcome that US$1300 price barrier where the export levy and export tax cease to rise any further. I make the average CPO price this year, net of export levy and export tax, about $762, which gives an ex mill gate price of, say, $712, if the freight and insurance to Rotterdam is, say, $50. The significance is we are in for another bumper year of high eps, eps propelled not just by higher volumes of cpo production but also by an average cpo price a bit higher than that obtained in FY2020. Hopefully all this will be confirmed in the H1 2021 results. Edit 22 04 21: Nothing to get excited about - yesterday's May cpo price rise was probably to accommodate the higher export tax coming into force in May, I wonder? Sorry I didn't realise that yesterday. This is a good web site to see palm oil prices out into the future. Out of date spot prices can be found elsewhere. hxxps://
nobull: Oli, hi I disagree slightly. I think the 222% increase in eps yesterday (or maybe it is the Finncap calculated 43% rise in adjusted eps that is more relevant) has been largely dissipated driving down the PE ratio to more normal levels than driving the share price up. More flat lining for a year and maybe only then will eps growth start driving up the share price, I wonder? A bid or surprise profits from the property division could make my expectations wrong! We'll see. The dividend rise was a nice surprise. The £3m could be one of our new institutional shareholders, I wonder? I hope it isn't KLK. The new 2021 forecasts of around 50 cents eps maybe give a forward PE of about 16 or an earnings yield of 6%. Finncap have a morning note out for yesterday and there is a write-up in IC. Edit: lol, MPE shoots up to 670p right after posting this!
nobull: Having too much cash is bad - it dilutes the ROCE. The shocking thing about AEP is it didn't even bother to buy back its own shares for cancellation during the pandemic. I assume AEP has a good reason for holding so much cash and paying such a low dividend, but the longer the situation persists, the harder it is to believe it has a good reason. If you switch to AEP, you need the mind set of a fakir lying on a bed of nails - that it is all for good in the end. The good thing about AEP is they appear to be doing extension planting (replacement planting no good?). JMV. Today's lacklustre MPE share price performance on results ahead of expectations is a shock.
energeticbacker: Covered in Investor's Champion's latest update. finnCap considers that MPE should be considered a ‘World Class’ operation based on operational KPIs and sustainability. They remain committed to a 1,000p/share price target, approx. 60% above of the current price. Following several years of significant investment, MPE could be on the cusp of a delivering some decent financial returns.
M.p. Evans share price data is direct from the London Stock Exchange
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