M. P. Evans Group (MPE)

Sector:

Food

Index:

FTSE AIM 50

816.00p
   
  • Change Today:
      14.00p
  • 52 Week High: 908.00p
  • 52 Week Low: 577.50p
  • Currency: UK Pounds
  • Shares Issued: 54.70m
  • Volume: 42,352
  • Market Cap: £446.32m
  • RiskGrade: 143
  • Beta: 0.05

MP Evans Group completes sale of stake in Indonesian oil plantation

By Maryam Cockar

Date: Friday 17 Mar 2017

LONDON (ShareCast) - (ShareCast News) - AIM-listed investor MP Evans Group has completed the sale of its 36.84% stake in the PT Agro Muko palm oil plantation in Indonesia to Belgian Sipef Group, an agro-industrial firm, for $100m.
Following the sale, the company will pay a special dividend of 10p per share.

The sale is part of the company's strategy to sell its minority-held Indonesian estates which it does not manage in order to buy or develop its own, directly managed new projects.

It is currently reviewing a prospective investment in a new, developed oil-palm project to replace at least the equivalent of the 7,200 hectares in PT Agro Muko for a 36.84% stake, and is also in talks to buy two projects near its existing East Kalimantan project.

Chairman Peter Hadsley-Chaplin said: "The group's sale of its shareholding in Agro Muko is an important milestone in realizing its strategy to have majority control of all its operations. This sale will enable the group to sustain its impressive track record of growth through the acquisition of a mixture of newly planted plantations and plantation land for development."

Shares in MP Evans Group were up 1.98% to 784.70p at 1314 GMT.

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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 816.00p
Change Today 14.00p
% Change 1.75 %
52 Week High 908.00p
52 Week Low 577.50p
Volume 42,352
Shares Issued 54.70m
Market Cap £446.32m
Beta 0.05
RiskGrade 143

MPE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.70% above the market average65.70% above the market average65.70% above the market average65.70% above the market average65.70% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Price Trend
78.91% above the market average78.91% above the market average78.91% above the market average78.91% above the market average78.91% above the market average
73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average
Income
54.48% above the market average54.48% above the market average54.48% above the market average54.48% above the market average54.48% above the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Growth
93.55% above the market average93.55% above the market average93.55% above the market average93.55% above the market average93.55% 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 25-Jan-2022

Time Volume / Share Price
16:22 522 @ 828.00p
16:03 270 @ 814.00p
16:03 309 @ 828.00p
13:46 9,117 @ 800.05p
14:59 614 @ 813.86p

MPE Key Personnel

CEO Matthew Coulson

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