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MP Evans - Higher prices offset lower production

June 2008

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:
  • 443p
After tipping palm oil producer MP Evans at 386p, the shares at one point  soared to a high of 507p only to fall back slightly to 443p.  Nevertheless, with the palm oil price trading close to all time highs, MP Evans has announced record results. For the year to 31 December pretax profit increased 79% to US$46.6m, which includes a US$3.9m gain from land sales and a US$11.5m gain through a revaluation of its biological assets. Meanwhile, eps rose from nearly 50 cents to 82.3 cents. MP Evans had to contend with both a severe flood and a workers' strike, factors which resulted in a 10% decline in production to 80,000 tonnes. However, this was offset by an increase in prices from US$600  / tonne at the start of the year ...

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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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