Report

Expansion strategy on course

MP Evans is an AIM-listed palm oil producer with operations in Indonesia. Despite a short-term climate-driven trading setback, the strategy of expansion and development of its core business is on course, with a strong balance sheet further reinforced by recent non-core disposals. Management, with support of 41% of shareholders, has rejected a 740p hostile approach by KLK, a Malaysian plantation company, on the grounds that it very substantially undervalues the shares.
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Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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