Rare outperformer from the class of ‘21
Palm oil, gaming and energy services lead the way with positive trading updates. While in the world of legal services we are wary of the high level of debt carried by this business.
M.P.Evans: looking good but more to come M.P. Evans Group (AIM:MPE), the producer of sustainable Indonesian palm oil, announced further increases in crop production for the year ending 31 December 2022 as the Group's oil-palm estates continue to mature and yields rise. Production of its own crops rose 12% to 905,400 tonnes while Crude Palm Oil (‘CPO’) production rose 9% to 341,700 tonnes. During 2022, the Group achieved an average mill-gate price for its CPO of US$854 per tonne an increase of 5% on the previous year. Prices for palm kernels averaged US$611 per tonne (mill gate), 15% higher than…