Updates

MP Evans - Trading at 34% discount to NAV

June 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.

When we made MP Evans a main write-up in December 2010 we noted the key drivers were a growing production profile and high palm oil prices and these factors have combined to deliver blow out final results. For the year to 31 December Evans' after tax profits rose 40% to US$30.3m. Eps rose 35% to 56.1 cents while net debt was US$4m. Within its core Indonesian estates there was a 27% increase in output to 249,300 tonnes of fresh fruit bunches thanks to further maturing of younger acreage; remember it takes seven-eight years before a plant starts producing peak yields. The great thing for investors of course is that this came alongside a 24% increase in crude palm oil (CPO) prices to US$1,123 / tonne and prices are currently t ...

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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 Evens (December 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.

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