M. P. Evans Group (MPE)

Sector:

Food

Index:

FTSE AIM 50

840.00p
   
  • Change Today:
    -10.00p
  • 52 Week High: 908.00
  • 52 Week Low: 577.50
  • Currency: UK Pounds
  • Shares Issued: 54.70m
  • Volume: 6,411
  • Market Cap: £459.45m
  • 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 840.00p
Change Today -10.00p
% Change -1.18 %
52 Week High 908.00
52 Week Low 577.50
Volume 6,411
Shares Issued 54.70m
Market Cap £459.45m
RiskGrade 143

MPE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
44.95% above the market average44.95% above the market average44.95% above the market average44.95% above the market average44.95% above the market average
64.29% above the sector average64.29% above the sector average64.29% above the sector average64.29% above the sector average64.29% above the sector average
Price Trend
73.40% above the market average73.40% above the market average73.40% above the market average73.40% above the market average73.40% above the market average
80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average
Income
46.29% above the market average46.29% above the market average46.29% above the market average46.29% above the market average46.29% above the market average
29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average
Growth
93.56% above the market average93.56% above the market average93.56% above the market average93.56% above the market average93.56% 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
  Special Interim
Ex-Div 27-Jan-22 14-Oct-21
Paid 11-Feb-22 05-Nov-21
Amount 5.00p 10.00p

Trades for 21-Jan-2022

Time Volume / Share Price
16:35 330 @ 840.00p
14:12 143 @ 838.00p
14:01 286 @ 834.20p
13:54 597 @ 834.48p
13:35 360 @ 834.45p

MPE Key Personnel

CEO Matthew Coulson

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