M. P. Evans Group (MPE)

Sector:

Food

Index:

FTSE AIM 50

836.00p
   
  • Change Today:
      6.00p
  • 52 Week High: 908.00
  • 52 Week Low: 577.50
  • Currency: UK Pounds
  • Shares Issued: 54.70m
  • Volume: 5,829
  • Market Cap: £457.26m
  • RiskGrade: 143
  • Beta: 0.51

MP Evans commissions fifth mill, plans planting at Musi Rawas

By Josh White

Date: Monday 09 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Indonesian palm oil producer MP Evans announced two operational developments on Monday, reporting that its fifth palm oil mill had now been commissioned at its Bumi Mas estate in East Kalimantan.
The AIM-traded firm said the Benuang mill, a 60-tonne-per-hour facility, was now processing all of the fresh fruit bunches harvested from both its own areas and those of its associated scheme smallholders.

It said it expected to be able to increase oil extraction rates by using the Benuang mill, rather than sending crops to third-party mills.

The group said it would work towards receiving certification from the Roundtable for Sustainable Palm Oil (RSPO) for the new mill by the end of 2022.

That, the board said, would help to increase the group's total percentage of certified sustainable production.

In addition, the company said it would look for opportunities to profitably source fresh fruit bunches from independent smallholders close to Bumi Mas, to use spare capacity at its new mill, in the same way it had purchased independent crops at its existing mills.

"As part of the ongoing investment in the Bumi Mas estate, the group is also developing a biogas facility and a bulking station, both of which are expected to become operational in the second half of 2021," the board said in its statement.

MP Evans also announced that planting would restart at Musi Rawas, having paused in late 2019 following the announcement of changes to RSPO regulations.

The firm said it had subsequently provided all necessary documentary evidence to demonstrate compliance with the updated requirements to the RSPO, and recently received confirmation that planting could restart.

"There are 8,000 planted hectares at Musi Rawas and, based on the clearance now received, the group remains confident of being able to plant a minimum total of 10,000 hectares."

At 1121 BST, shares in MP Evans were up 0.14% at 710.96p.

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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 836.00p
Change Today 6.00p
% Change 0.72 %
52 Week High 908.00
52 Week Low 577.50
Volume 5,829
Shares Issued 54.70m
Market Cap £457.26m
Beta 0.51
RiskGrade 143

MPE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
40.71% above the market average40.71% above the market average40.71% above the market average40.71% above the market average40.71% above the market average
21.43% above the sector average21.43% above the sector average21.43% above the sector average21.43% above the sector average21.43% above the sector average
Price Trend
63.66% above the market average63.66% above the market average63.66% above the market average63.66% above the market average63.66% 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
51.67% above the market average51.67% above the market average51.67% above the market average51.67% above the market average51.67% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
93.86% above the market average93.86% above the market average93.86% above the market average93.86% above the market average93.86% 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
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MPE Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Oct-21 22-Apr-21
Paid 05-Nov-21 18-Jun-21
Amount 10.00p 17.00p

Trades for 29-Nov-2021

Time Volume / Share Price
14:01 500 @ 830.00p
10:40 38 @ 836.00p
10:40 4 @ 836.00p
09:13 500 @ 837.68p
08:13 1,140 @ 835.66p

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