For Sale | Hidden value | Sustainability
Updates from AIM covered here include news that online estate agency Purplebricks has put itself up For Sale; we offer our thoughts below. Elsewhere, there is plenty of hidden value in an asset management business and appealing dividends on offer from others. (Free to read)
M.P. Evans: new mill M.P. Evans (AIM:MPE), the producer of sustainable palm oil, has announced the commissioning of a sixth palm-oil mill at its Musi Rawas estate in South Sumatra. This 60-tonne-per-hour facility is now processing all the fresh fruit bunches ("ffb") from the Group's own areas and those of its associated scheme smallholders. MPE expects to be able to increase oil-extraction rates by utilising this new mill rather than sending crop to third-party mills. They are also working towards receiving certification from the Roundtable on Sustainable Palm Oil for the new mill as soon as possible which will help…