Updates

MP Evens

December 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

With palm oil slipping from over US$1,000 to US$835 per tonne it might seem counter intuitive that shares in Indonesian palm oil producer MP Evans hit an all-time high of 550p early in September. The explanation is that interim results show it to be on track to hit its goal of increasing output to 500,000 tonnes by 2015.Even though those results showed a 31% reduction in profit after tax to US$15.3m that included an accounting one-off reduction of US$4.1m from its Australian cattle business, pushing it to a US$1.25m loss, reflecting a reduction in valuation of the herd, but this could be reversed next time. Gross profit on the palm oil side increased 15% to US$14.36m, driven by a 22% increase in output to 138,000 tonnes of ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Dragon Oil

The Restaurant Group -New openings deliver strong results

MP evans (December 2024)

MP Evans - Investors valuing its palm oil plantations at 40% discount in spite of growth (June 2024)

MP Evans (November 2022)

MP Evans (August 2022)

MP Evans - Massive eps upgrades as palm oil prices soar (May 2022)

MP Evans - Palm oil business to double production by 2025 (March 2018)

MP Evans - Rejects 740p a share offer (January 2017)

MP Evans (July 2013)

MP Evans (January 2013)

MP Evans - Trading at 34% discount to NAV (June 2012)

MP Evans - H1 profit up 86% (November 2011)

MP Evans - On track for big production increase (July 2011)

MP Evans - Rise in palm oil prices and planted up area to drive eps upgrades (December 2010)

MP Evans - Higher prices offset lower production (June 2008)

MP Evans - Expanding palm oil producer (December 2007)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X