MP Evans profit surges after record year of palm oil production
23rd Mar 2021 12:33
(Sharecast News) - Indonesian palm oil producer MP Evans reported profit of $22.2m (£16.09m) in its final results on Tuesday, up from$7.5m year-on-year.
Read moreMP Evans reports solid improvements in crops, production
7th Jan 2021 13:49
(Sharecast News) - Indonesia-focussed palm oil producer MP Evans updated the market on its crops and production for 2020 on Thursday, reporting a 9% rise in its own crop to 724,300 tonnes of fresh fruit bunches.
Read moreMP Evans production figures rise in H1
24th Jul 2020 08:48
(Sharecast News) - Oil palm plantation operator MP Evans said on Friday that crop and production figures had continued to rise during the first half of 2020.
Read moreMP Evans crops and oil production up in year-to-date
5th Jun 2020 13:30
(Sharecast News) - MP Evans updated the market on its trading on Friday, reporting that the Covid-19 pandemic has had "little effect" on its operations thus far.
Read moreMP Evans reports solid improvement in crop numbers and production
9th Jan 2020 11:35
(Sharecast News) - Indonesia-focussed palm oil company M. P. Evans Group reported a 21% improvement in its total crop of fresh fruit bunches for 2019 on Thursday, to one million tonnes.
Read moreMP Evans' increase in production fails to boost profits
17th Sep 2018 11:21
(Sharecast News) - Indonesian palm oil producer MP Evans on Monday reported that its half-year profits decreased despite a 27% increase in production to 91,900 tonnes.
Read moreMP Evans welcomes shareholder rejection of KLK as offer lapses
22nd Dec 2016 08:57
(ShareCast News) - Indonesian palm oil plantation owner MP Evans has confirmed that the 740p per share offer made by Kuala Lumpur Kepong Berhad lapsed on Wednesday after it failed to secure enough support from the company's shareholders. MP Evans said it welcomed the rejection by shareholders - the
Read moreMP Evans says KLK offer 46% lower than implied equity value, makes divi pledge
28th Nov 2016 11:13
(ShareCast News) - Having commissioned an independent valuation of its assets, Indonesian palm oil plantation owner MP Evans said on Monday that the 740p per share offered by Kuala Lumpur Kepong, which it rejected on 15 November, is 46% lower than the group's implied equity value of 1,082p. Malaysia
Read moreMP Evans gets shareholder support for KLK offer rejection
16th Nov 2016 14:50
(ShareCast News) - Indonesian palm oil plantation owner MP Evans has received "immediate and unequivocal" support from just under 41% of its shareholders for its rejection of Kuala Lumpur Kepong's sweetened offer for the company. On Tuesday, KLK upped its offer for MP Evans to 740p per share in cash
Read moreMP Evans rejects sweetened offer from KLK
15th Nov 2016 10:08
(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 o
Read moreMP Evans soars on hostile Malaysian takeover offer
25th Oct 2016 14:44
(ShareCast News) - Shareholders in Indonesian palm oil plantation owner MP Evans have received a 640p takeover from Kuala Lumpur Kepong (KLK), though the AIM-listed company's board has rejected the terms of the deal. Malaysia Stock Exchange-listed KLK has made a cash offer of 640p per share, with ex
Read moreMP Evans warns on full year results as palm oil price decline continues
16th Sep 2015 15:47
(ShareCast News) - Palm oil and beef cattle producer MP Evans Group warned its full-year results for 2015 will be lower than in 2014, because of a decline in palm oil prices. In the six months to 30 June, the London-listed company posted a pre-tax profit of $5.5m, down 64.2% year-on-year, while reve
Read moreMP Evans sells cattle-fattening facility to concentrate on palm oil production
15th Sep 2015 15:17
(ShareCast News) - MP Evans Group has reached a deal to sell its cattle-fattening property in Australia to focus on its palm oil operations for AUD $28m. The London-listed company said it will sell the southern Queensland facility to an Australian subsidiary of Chinese automotive parts group Fucheng
Read moreTuesday broker round-up UPDATE
4th Nov 2014 09:32
Aberdeen Asset Management: Credit Suisse ups target price from 440p to 455p and keeps a neutral rating. Anglo Eastern: FinnCap initiates with a target price of 880p and a buy recommendation. Ashmore: Credit Suisse downgrades to underperform. Barclays: Citi moves target price from 300p to 315p stay
Read moreOut-going Ocado co-founder offloads 15m pounds of shares
6th Feb 2014 14:36
Jason Gissing, the out-going Commercial Director of Ocado who co-founded the online grocery group in 2000, sold over 15m pounds-worth of shares in the company on the same day he announced his resignation. Gissing, who is stepping down at the group's annual general meeting in May, offloaded 3.05m sh
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