M. P. Evans Group (MPE)

Sector:

Food

Index:

FTSE AIM 50

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

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 816.00p
Change Today 14.00p
% Change 1.75 %
52 Week High 908.00
52 Week Low 577.50
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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