ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

MPE M.p. Evans Group Plc

852.00
4.00 (0.47%)
Last Updated: 13:28:00
Delayed by 15 minutes
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
  4.00 0.47% 852.00 10,467 13:28:00
Bid Price Offer Price High Price Low Price Open Price
838.00 850.00 864.00 848.00 850.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
General Farms,primarily Crop USD 326.92M USD 73.06M USD 1.3583 6.30 460.43M
Last Trade Time Trade Type Trade Size Trade Price Currency
13:02:09 AT 323 852.00 GBX

M.p. Evans (MPE) Latest News (1)

M.p. Evans (MPE) Discussions and Chat

M.p. Evans Forums and Chat

Date Time Title Posts
09/4/202413:27M. P. Evans - Palm Oil Plantations446
21/1/201018:01PALM OIL will replace trans fats63
22/5/200822:12M P Evans - Charts and Discussion113

Add a New Thread

M.p. Evans (MPE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:02:09852.003232,751.96AT
12:02:07854.003102,647.40AT
12:02:07850.00325.50O
12:02:07850.00542.50O
12:02:06848.004734,011.04AT

M.p. Evans (MPE) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by M.p. Evans Daily Update
M.p. Evans Group Plc is listed in the General Farms,primarily Crop sector of the London Stock Exchange with ticker MPE. The last closing price for M.p. Evans was 848p.
M.p. Evans currently has 53,788,096 shares in issue. The market capitalisation of M.p. Evans is £460,426,102.
M.p. Evans has a price to earnings ratio (PE ratio) of 6.30.
This morning MPE shares opened at 850p
Posted at 09/4/2024 13:27 by forensic
Very nice increase in share price recently
Posted at 19/3/2024 08:22 by nobull
"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.
Posted at 19/3/2024 08:03 by ntv
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.
Posted at 19/3/2024 07:53 by nobull
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.
Posted at 14/3/2024 09:15 by ntv
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
Posted at 19/1/2024 15:18 by nobull
"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.
Posted at 19/1/2024 10:21 by gripfit
Wish the share price would lol
Posted at 19/7/2023 08:38 by mcmather
RNS 16 June 2022 re the Share buyback programme the share price hit 970 that day*. 13 months later it has just hit 656. Maybe time for a re-think?

* "The Board continues to believe that the current share price undervalues the Group's assets".
Posted at 23/6/2023 13:06 by nobull
The risk free rate of interest, a component for discounting the future profit stream, has risen recently (the yield on 5 year gilts?); the palm oil price curve is broadly flat, giving a not so great palm oil price outlook (a price outlook, a few hundred dollars above their production cost?); and the average age of the oil palms is increasing while only small scale extension planting is to be carried out.

I think the dividend cover will drop quite a bit if the dividend is maintained, which I expect it to be, (lower capex going forward will still mean a healthy cash flow coming in, I wonder?), so maybe this is good buying opportunity to bet on a better price outlook occurring to that implied by the palm oil price curve and to the published intentions on extension planting, but WDIK? Nothing. This might just be a great entry price to get in - I can't see anything to be alarmed about by the falling share price - it's a well-run company and it is making good capital allocation decisions (the buy-backs below DCF value, athough that itself is falling due to the strengthening of the £ against the $).

It is a relatively low risk company (that is, if you are already comfortable with investing in SE Asia) for its Stockopedia risk rating dropped recently one notch from "adventurous" to "balanced" so you don't expect to make a fortune overnight on such a stock, but get the entry price right and you should make a reasonable return for the risk taken, I wonder, over the long term? (Think: compounding your money at 12% with a fair amount of share price volatility in some years?) The company has net cash, which it spends wisely. AEP has too much and doesn't spend it (it has 5 timesed the div and claims to want to do share buybacks, but its cash pile is still obscene). REA has net debt and a higher cost of production, so is more risky. Getting rich slowly with MPE (if you get the entry price right) bores some people to death, so it won't be everybody's cup of tea. JMV.
Posted at 23/3/2021 08:21 by 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.
M.p. Evans share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock