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 invests in Indonesian oil-palm project

By Michele Maatouk

Date: Tuesday 29 Aug 2017

LONDON (ShareCast) - (ShareCast News) - Sungkai Holdings, a subsidiary of AIM-listed MP Evans Group, has signed a sale-and-purchase agreement to buy Sunrich Plantations, which owns 95% of Indonesian oil-palm plantation owner PT Bumi Mas Agro (BMA).
The land is situated north east of Bontang in East Kalimantan and, including an associated smallholder co-operative, covers some 10,000 hectares. The contract is subject to the completion of regulatory formalities in Indonesia. MP Evans said soil conditions, vegetation, terrain and climate are "highly suitable" for oil-palm development.

The land to be bought by MP Evans comprises 8,240 hectares, 7,400 of which are young oil palms, planted mainly in 2012-16, and a further 400 hectares are in the course of being planted.

Chairman Peter Hadsley-Chaplin said: "'The acquisition of BMA marks another important step in the Group's strategy to expand the plantation hectarage under its control. MP Evans will bring its operating expertise to bear on this new acquisition, whose young palms can be expected to produce strong crop growth in the coming years. Crop growth underpins the Group's ambition to produce increasing volumes of crude palm oil and palm kernels at attractive margins."

A 1055 BST, the shares were up 0.7% to 740p.

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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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