MP Evans (LON:MPE) reported its half year figures to 6/20 yesterday. They weren’t fabulous but given the revived palm oil price, noe $740, offer a clear pointer to the prospects of REA ordinaries (LON:RE.) and REA prefs (LON:RE.B). REA’s results are coming out on Friday. I’ll be astonished if the stock does not go up at least 10%.
There is stamp duty of 0.5% payable. But, on this occasion, I would not worry about that.
Do not forget that there is 13.5p arrears of preference dividend. So one could argue that the cost of the prefs is 40p where the yield is a healthy 22%. Ideal for one’s partner’s ISA.
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I have again bought Amryt (LON:AMYT) this morning, paying 220p. My target remains £10 (albeit not in 2020).