M. P. Evans Group (MPE)

Sector:

Food

Index:

FTSE AIM 50

900.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 1,085.00
  • 52 Week Low: 784.00
  • Currency: UK Pounds
  • Shares Issued: 54.27m
  • Volume: 10,791
  • Market Cap: £488.40m
  • RiskGrade: 143

MP Evans maintains dividend plans as production rises

By Josh White

Date: Monday 19 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Indonesia-focussed palm oil developer MP Evans announced a 29% rise in crude palm oil production in its first half on Monday, at 161,400 tonnes, while palm kernel production was 25% higher at 34,700 tonnes.
The AIM-traded firm said crops for the six months ended 30 June totalled 702,300 tonnes, up 28% year-on-year.

Its board noted the doubling of crop at Musi Rawas as the palms matured at that developing estate, and a 72% increase at Bangka as crops recovered from a period of low rainfall that affected production in 2020.

"All estates and mills have operated without interruption during the period, with appropriate Covid-19 safety measures in place," the board said in its statement.

In the period ended 30 June, MP Evans realised an average mill gate price of $724 per tonne, compared with $541 in the first half of 2020, making for an increase of 34%.

Prices for palm kernels averaged $491 per tonne at mill gate, higher than the $298 per tonne in 2020.

"Considering the reported crop growth, combined with the increase in crude palm oil prices, it remains the board's intention to recommend a total dividend of 30p per share in respect of 2021, as indicated in the 2020 annual report."

At 1029 BST, shares in MP Evans Group were down 0.29% at 694p.

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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 900.00p
Change Today -2.00p
% Change -0.22 %
52 Week High 1,085.00
52 Week Low 784.00
Volume 10,791
Shares Issued 54.27m
Market Cap £488.40m
RiskGrade 143

MPE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.58% above the market average57.58% above the market average57.58% above the market average57.58% above the market average57.58% above the market average
65.52% above the sector average65.52% above the sector average65.52% above the sector average65.52% above the sector average65.52% above the sector average
Price Trend
66.42% above the market average66.42% above the market average66.42% above the market average66.42% above the market average66.42% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Income
79.12% above the market average79.12% above the market average79.12% above the market average79.12% above the market average79.12% above the market average
88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average
Growth
94.07% above the market average94.07% above the market average94.07% above the market average94.07% above the market average94.07% 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

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
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 02-Dec-2022

Time Volume / Share Price
16:35 1,715 @ 900.00p
16:35 497 @ 900.00p
16:35 3 @ 900.00p
16:35 16 @ 900.00p
16:35 181 @ 900.00p

MPE Key Personnel

CEO Matthew Coulson

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