M. P. Evans Group (MPE)

Sector:

Food

Index:

FTSE AIM 50

810.00p
   
  • Change Today:
      10.00p
  • 52 Week High: 900.00
  • 52 Week Low: 670.00
  • Currency: UK Pounds
  • Shares Issued: 53.16m
  • Volume: 37,714
  • Market Cap: £430.59m
  • RiskGrade: 143

MP Evans monitoring Indonesian ban on palm oil exports

By Josh White

Date: Friday 29 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Palm oil producer MP Evans updated the market on the Indonesian government's temporary ban on the export of palm oil on Friday.
The AIM-traded firm said the ban on exporting both crude palm oil and refined products, which came into effect on Thursday, was intended to protect domestic supply.

It said local demand for palm oil was expected to increase "significantly" over the Lebaran festival period, celebrated over the next seven to 10 days.

"The Indonesian government last month introduced a revised export levy to subsidise local supplies as global supplies of vegetable oil have been limited," the MP Evans board said in its statement.

It noted that Indonesia is the world's largest producer of palm oil and a significant consumer, accounting for 59% of global supply and 22% of global consumption in 2021.

"Management continues to monitor the situation closely, and awaits clarity from the Indonesian government regarding the length of the export ban and extent of its impact on the domestic market.

"The company will provide further updates as appropriate."

At 0909 BST, shares in MP Evans were up 3.69% at 956p.

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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 810.00p
Change Today 10.00p
% Change 1.25 %
52 Week High 900.00
52 Week Low 670.00
Volume 37,714
Shares Issued 53.16m
Market Cap £430.59m
RiskGrade 143

MPE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.30% above the market average94.30% above the market average94.30% above the market average94.30% above the market average94.30% 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
Price Trend Not Available
Income
82.83% above the market average82.83% above the market average82.83% above the market average82.83% above the market average82.83% 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
Growth
55.6% below the market average55.6% below the market average55.6% below the market average55.6% below the market average55.6% below the market average
36% below the sector average36% below the sector average36% below the sector average36% below the sector average36% below the sector average

MPE Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-24 12-Oct-23
Paid 19-Jun-24 03-Nov-23
Amount 32.50p 12.50p

Trades for 28-Mar-2024

Time Volume / Share Price
16:08 3,812 @ 810.00p
17:01 3,643 @ 811.41p
16:35 408 @ 810.00p
16:35 1 @ 810.00p
16:35 67 @ 810.00p

MPE Key Personnel

CEO Matthew Coulson
CFO Luke Alexander

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