M. P. Evans Group (MPE)

Sector:

Food

Index:

FTSE AIM 50

922.00p
   
  • Change Today:
    -12.00p
  • 52 Week High: 972.00
  • 52 Week Low: 716.00
  • Currency: UK Pounds
  • Shares Issued: 52.79m
  • Volume: 76,356
  • Market Cap: £486.69m
  • RiskGrade: 143

MP Evans rejects sweetened offer from KLK

By Michele Maatouk

Date: Tuesday 15 Nov 2016

LONDON (ShareCast) - (ShareCast News) - Indonesian palm oil plantation owner MP Evans has rejected a sweetened takeover offer from Kuala Lumpur Kepong.
KLK upped its offer for the company to 740p per share in cash from 640p, valuing the company at around £415.4m.

However, MP Evans said on Tuesday that it rejected the offer on the basis that it "very substantially undervalues the company, its unique position and its future growth potential".

The offer price represents a premium of around 74% to the closing price of MP Evans on 24 October, which was the last business day before the commencement of the offer period.

MP Evans said it will make a further announcement in relation to the revised offer and urged its shareholders to take no action.

Earlier, KLK said it continues to believe there is a strategic merit in synergising the operations of MP Evans with KLK's from a geographical and capabilities perspective.

"The management of MP Evans will also have opportunities to develop their careers within the larger organisation. Together, KLK and MP Evans should establish best practices for the further growth of both companies and enable the enlarged group to capitalise on economies of scale in the oil palm sector."

At 1252 GMT, MP Evans shares were up 11.5% to 698.50p.

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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 922.00p
Change Today -12.00p
% Change -1.28 %
52 Week High 972.00
52 Week Low 716.00
Volume 76,356
Shares Issued 52.79m
Market Cap £486.69m
RiskGrade 143

MPE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.88% above the market average84.88% above the market average84.88% above the market average84.88% above the market average84.88% above the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Price Trend
63.45% above the market average63.45% above the market average63.45% above the market average63.45% above the market average63.45% 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
71.62% above the market average71.62% above the market average71.62% above the market average71.62% above the market average71.62% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Growth
45.84% below the market average45.84% below the market average45.84% below the market average45.84% below the market average45.84% below the market average
11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
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 10-Oct-24 25-Apr-24
Paid 01-Nov-24 19-Jun-24
Amount 15.00p 32.50p

Trades for 31-Oct-2024

Time Volume / Share Price
16:43 1,000 @ 922.00p
16:35 4,711 @ 922.00p
16:35 1 @ 922.00p
16:35 26 @ 922.00p
16:35 33 @ 922.00p

MPE Key Personnel

CEO Matthew Coulson
CFO Luke Alexander

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