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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.

  • Epic Code:
  • MPE
  • Price:
  • 484p
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 ...

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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.

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