M.p. Evans Share Discussion Threads

[wad collector] 24/9/2012 12:58

I notice that the Australian operations have no made a loss 5 yrs in a row.At one point they were up for sale , no mention any more.Is it time for management to make a slash?
I don't hold here.

[philanderer] 22/9/2012 20:03

Questor weekend tip - video

[letsgetbizzay] 13/9/2012 16:26

First time in a long time I can remember spread being so tight. This will blow tomorrow

700p next week for sure.

[shammytime] 13/9/2012 08:04

Expecting another set of bumper numbers tomorrow. Could even see a rise to 600p

[bobdouthwaite] 17/4/2012 09:29

Prospects look good for the foreseeable future:

"Palm-oil prices were on a downward trend for most of 2011, albeit still at historically-high levels, but there has been a sharp upturn in the first part of 2012 to the current level of around US$1,175 per tonne (Rotterdam cif). With weather concerns in South America affecting sentiment in respect of soybean oil, competition for land between corn and soybeans in the US and an upturn in demand for vegetable oils, price prospects in the short term appear to be encouraging.

F.f.b. crops have made a good start in 2012, with 66,500 tonnes harvested from the majority-owned estates up to 31 March 2012, a 20% increase over the same period last year. The Group remains on track to produce 300,000 tonnes of f.f.b. in 2012. The new mill is performing well and additional sales value is being captured.

Cattle prices have eased from the higher levels seen in 2011, but nonetheless remain at historically-firm levels. Growing demand in Asia and the continuing decline of the US cattle herd would indicate that the medium-to-long-term outlook for Australian beef-cattle markets remains positive."

[jzd] 17/4/2012 07:48

The price jump at the end of yesterday, might suggest that todays good set of results had leaked.

[gerhux] 03/10/2011 19:01

Does anyone know why these fell so sharply today?

[jzd] 15/9/2011 09:39

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.

[wad collector] 07/9/2011 16:42

Palm oil is cheap , has a higher yield per hectare than any other vegetable oil and has a long shelf life , but compared to most other vegetable oils , it is more highly saturated.I feel uncomfortable investing in something that isn't good for humanity.It has little to redeem it .
I realise there are counterarguements about job creation and feeding the world, but I shan't invest here.Anybody who believes that palm oil might be healthy is being confused by the Palm Oil industry.

[wad collector] 18/7/2011 11:51

The first 52 trades this am appear to have all been Sells - an unusual pattern even in a falling market.Spread is wide at 29p.

[wad collector] 11/7/2011 08:57

2011 2012
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Panmure Gordon
08-07-11 BUY 19.67 25.46 4.52 14.60 20.03 4.5


PG are predicting a fall to £14.6M pre-tax next year.Maybe I am missing something.
Palmoil price is down a little this last couple of months , but the forecasts aren't dipping.

[bobdouthwaite] 18/4/2011 12:26

Comment from Agrimoney on to-days results:

MP Evans flags snags to Indonesia palm expansion

MP Evans highlighted the increasing difficulty of expanding oil palm plantations in Indonesia even as the group revealed that previous development had fuelled a more-than doubling in full-year profits.

The London-listed group reported earnings of $24.6m for 2010, excluding adjustments for the value of its plantations, a rise of 150%, helped by a rise in palm oil volumes as plantations come onstream, from an expansion drive started in 2005.

And, after developing some 10,900 hectares for itself over the five years, with an extra 4,200 for smallholder co-operatives, it said it "hoped" to continue developing plantings at a rate of 3,000 hectares a year.

"But this is by no means guaranteed," MP Evans said.

"Agreeing compensation terms with the local people, and settling other land-title issues on areas which the group plans to develop, is increasingly complicated and time-consuming."

It was "hard to determine" how much of the land covered by an official permit "will be available to be developed".

Lowered hopes

Initially, the group estimated that its permit would allow it to develop 24,000 hectares of land in East Kalimantan, in central Indonesia, for itself, plus a further 17,000 hectares in Bangka, with additional land available for co-operatives.

A year ago, the figures had dropped to 17,000 hectares and 7,000 hectares respectively, plus 8,200 hectares for co-operative use.

On Monday, MP Evans said that it believed that an extra 5,000 hectares would be available in East Kalimantan and 3,600 hectares in Bangka, plus a further 4,300 hectares for the co-operatives, prompting it to launch a search for "additional, environmentally-suitable land".

The comments come amid growing expectations that rapid growth in Indonesian oil palm plantations, which has driven the country to top rank in palm oil production, will slow, in part down to growing social and environmental concerns over the expansion.

Indonesian industry group Gapki sees the pace of plantation growth slowing to an annual pace of 150,000 hectares, from 400,000 hectares in the 1996-2006 period.

Price prospects

MP Evans said that, even without expansion, development already in place would lift its palm oil production from just under 200,000 tonnes last year to 300,000 tonnes n 2012 and 500,000 tonnes in 2015.

"These are very significant increases and, subject to palm-oil prices remaining at healthy levels, are likely to impact extremely favourably on the group's revenues in the near future."

And with world supplies of vegetable oils, "generally tight", and the outlook for demand "strong", prospects for palm oil prices "appear favourable for the short-to-medium term", the company said.

It also forecast better times for its Australian beef operations, NAPCo and Woodlands, both of which returned to profit last year, thanks to soaring cattle prices and the impact of rain in boosting pasture conditions.

"Cattle prices too look set to remain firm, in view of the continuing shortage of supply, not least since the size of the US herd has now diminished to its lowest level since 1958."

City reaction

The data, including revenues up 48% at $42.1m, were well received by broker Panmure Gordon, which termed the results "solid", and restated a "buy" rating MP Evans shares, with a price target of 500p.

"Ongoing strong palm oil prices, supported by a constructive outlook for its Australian cattle operations, allow us to increase our forecasts for adjusted full-year earnings by 5% to 42 cents [a share]," Panmure analyst Damian McNeela said.

The shares stood unchanged at 432p in morning deals.

[nobbyk1] 17/2/2011 21:02

anybody any ideas where we are going

[saget] 11/1/2011 13:08

Yes but the floods have now moved...
Expect a new RNS shortly - long term I think MPE will recover.

[rfcg] 11/1/2011 12:55

But the company issued a rns on Jan 4 saying that the Australian properties were not affected by the floods - that, in fact the extra rainfall was beneficial......

[saget] 11/1/2011 11:55

Not a palm oil collapse, it's to do with the floods in Australia.

[johnv] 11/1/2011 11:30

What a incredible drop today, Director bought 4000@490p yesterday and then this happens. Palm Oil price collapse?

[saget] 22/11/2010 19:45

Goodnesss, looks like we're about to breakout again...
Just need the Irish bailout to go through...

[2goon] 24/10/2010 17:19

For anyone who has not got a stake in the new gold...Palm Oil..and wishes to get in at the ground floor with a new sustainable Palm Oil share with great potential you should thoroughly investigate....... Equatorial Palm Oil LSE:PAL
Indian giant Siva, knowledgeable about Palm Oil, is said to be about to invest
$60 000 000 in this company which has and is revitalising huge existing palm oil plantations in Liberia and is on the verge of producing its first oil to the market and the shares have increased from about 12p to 21p in the past three weeks........all suggesting that investors get in quickly....these could rocket once the oil is sent to the market.

[saget] 21/10/2010 16:22

Finally, we have breakout...
All it needed was a 27 month high price for Palm Oil.

[fozzyb] 21/1/2010 18:01

If I had to guess, its the chinese figures of 10.7% gdp growth which has boosted these. Since they are fairly tightly held, perhaps an analyst or two have eyed these as potential beneficiaries of a global recovery being sooner and stronger than previously predicted.

[moocow56] 20/1/2010 20:23

Well fozzyb, thats 2 of us. Bought 2 years ago at 470 -seemed good idea at the time.
I can find no apparent reason for this, but long may it continue

[fozzyb] 20/1/2010 18:09

You holding too?
I bought these about 6 months ago for 330 as Long term play, wasn't expecting a steep climb for these, can't find any new news.