M. P. Evans Group (MPE)

Sector:

Food

Index:

FTSE AIM 50

842.00p
   
  • Change Today:
    -8.00p
  • 52 Week High: 1,085.00
  • 52 Week Low: 784.00
  • Currency: UK Pounds
  • Shares Issued: 54.42m
  • Volume: 26,988
  • Market Cap: £458.22m
  • RiskGrade: 143

MP Evans welcomes shareholder rejection of KLK as offer lapses

By Michele Maatouk

Date: Thursday 22 Dec 2016

LONDON (ShareCast) - (ShareCast News) - Indonesian palm oil plantation owner MP Evans has confirmed that the 740p per share offer made by Kuala Lumpur Kepong Berhad lapsed on Wednesday after it failed to secure enough support from the company's shareholders.
MP Evans said it welcomed the rejection by shareholders - the offer only managed to get 13.2% support - which it believes substantially undervalues the shares. The offer would have needed 50% acceptance to proceed.

Chairman Peter Hadsley-Chaplin said: "MP Evans owns, and manages, an excellent portfolio of plantations and has a clear strategy for growing the business significantly further, both by acquisition and by the development of its existing plantable areas.

"The successful growth to date has led to the board's recently stated intention to increase dividends substantially. The board thanks our shareholders for their support and for their belief in the continuing successful execution of our growth strategy."

At 0912 GMT, the shares were up 10.4% to 541p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

MPE Market Data

Currency UK Pounds
Share Price 842.00p
Change Today -8.00p
% Change -0.94 %
52 Week High 1,085.00
52 Week Low 784.00
Volume 26,988
Shares Issued 54.42m
Market Cap £458.22m
RiskGrade 143

MPE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
68.69% above the market average68.69% above the market average68.69% above the market average68.69% above the market average68.69% above the market average
86.21% above the sector average86.21% above the sector average86.21% above the sector average86.21% above the sector average86.21% above the sector average
Price Trend
40.89% above the market average40.89% above the market average40.89% above the market average40.89% above the market average40.89% above the market average
24.14% above the sector average24.14% above the sector average24.14% above the sector average24.14% above the sector average24.14% above the sector average
Income
79.07% above the market average79.07% above the market average79.07% above the market average79.07% above the market average79.07% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
95.43% above the market average95.43% above the market average95.43% above the market average95.43% above the market average95.43% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MPE Dividends

  Latest Previous
  Interim Final
Ex-Div 13-Oct-22 28-Apr-22
Paid 04-Nov-22 17-Jun-22
Amount 12.50p 25.00p

Trades for 07-Oct-2022

Time Volume / Share Price
15:55 5,000 @ 847.00p
16:35 287 @ 842.00p
16:28 4 @ 836.00p
16:28 25 @ 836.00p
16:27 193 @ 840.00p

MPE Key Personnel

CEO Matthew Coulson

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