|Asian Plant Di
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Asian Plant Di Share Discussion Threads
Showing 76 to 100 of 100 messages
|Dennis Melka's latest venture United Cacao (AIM : CHOC) has listed on AIM today. More here hxxp://www.fmp-tv.co.uk/companies/united-cacao|
|disappointing! they tell us thier are several interested parties - lets hope for another bid coming to the table.|
|that was a long wait for a 10% profit. wish they had carried on developing the business. think they could have sold for a lot more in a couple of years time. clearly they want to cash out asap and they own lots of stock so us PIs have no say|
here and there
|It would describe it as being opportunistic. They're not having my shares unless they compulsory repurchase them.|
|220p! That's very disappointing. Trying to sell at the wrong time, with falling palm prices.|
|Palm prices down 4.5% since Dec 13|
|Reread the chairman's statement (1st July)As announced on 30 June 2013, discussions are on-going and we look forward to reporting a positive conclusion in due course. We appreciate our shareholders' and lenders' understanding and patience as we conduct this process. Rest assured, we seek to maximize the value of the equity capital contributed and ensure a positive future for the Company and its dedicated employees in the event of a sale.Certainly sounds they are committed to a sale - just need the right price, & of course palm prices going down 30% last year doesn't help negotiations!|
|1st July comment:
1. Revenue ($23.4m) in line with my Jan14 forecast ($23.3m).
2. Fcst for 2014 $40m (based on PALM's production fcsts)
3. Loss is high - includes $6.6m extra interest (A/cs show $12.7m ($7.2+$5.5) prev yr ($6.6m)
4. Loans o/s at 31/12/13 $129m. Balance sheet shows negative net assets, but company has assured that facilities ($17m) in place to cover requirements.
Company is on the cusp of producing adequate production to cover operating (& particularly interest costs). Had the price of palm not dropped by 30% then the loss would approx. be in line with prev year. Planted = 16300ha compared with 24,622ha owned, so a fair amount of planting still to be completed
This is still very much a long term play with 2014 possibly being a breakeven year. PALM state they have adequate financial backing to continue.
Disappointing that a trading update, for the first 6 months, was not issued at the same time. The company appears to be a little sparing with its investor information, but on balance I will continue to hold. The outcome of any sale & at what price remains a mystery!|
here and there
|Just read the AIM rules An AIM company must publish annual audited accounts which must be sent to its shareholders without delay and in any event not later than six months after the end of the financial year to which they relateFrom tomorrow PALM would be in violation of those rules!|
|Ah! I think the company is registered in Singapore where their rules on filing accounts are probably different. Asian Plantations not registered at Companies House!|
|yep, they have delayed them as long as possible whilst this potential buyout is ongoing.
TBH, whilst it would be lovely to get the rewards of a buyout now, I bought in for the medium term rewards of both capital and income growth|
here and there
|Must be due an update on Monday + accounts!|
|Another 'still talking' rns! Perhaps they have not released the accounts or provided a financial update to the market as they think the results would impact the sp? However, that would be technically illegal to withhold information that had potential to affect the share price The mystery continues!|
|Public Companies have to file their accounts within 6 months - 30 June for PALM!|
|No reply to my email. I also note from the Jan rns (below), that there has been no update (expected Mar). This makes me believe that they are still in serious discussions & feel there is no need to update shareholders with routine updates.Jan rnsThe Company will provide an update on planting progress when the latest GPS data, expected by early March 2014, becomes available.|
|I have sent the following email I am an investor & noted that last year accounts were available at the end of April 2013. This year no accounts have been posted or any date when they can be expected. Can you please advise when accounts are likely to be available. I am of course aware of your rns's regarding a possible sale. Many thanks|
|Still awaiting results, don't understand why the delay!|
|Still in discussions!|
|Last year results were on 30 April, so maybe this years in a week?|
|Here & thereI am like you in viewing this as a solid investment just turning the corner to profitability. However, if there was a 'quick' sale in the area of £4 I would happily take it & move on|
|I am not so sure.
It is a 'for sale' sign, but I think it is to attract alternative buyers and try and provoke a bidding war. I think, as they clearly have been approached, they have employed strand hanson to help them extract full value.
I don't think they are in any hurry to sell, they are well financed and are just entering a great period of revenue and profit growth. If they don't get the offer they are after now, they certainly will in a couple of years time|
here and there
|Rns 24/3 states: formal saleAsian Plantations Limited (LSE: PALM), the AIM-listed palm oil plantation company with operations in Malaysia covering some 24,622 Ha, announces that it has engaged Strand Hanson Limited to act as sole financial adviser to conduct a formal sale process to seek buyers for the Company.This to me this says "instruction to sell!?"|
|loan note conversion price set at 285p.
Star article indicates a takeover at £4 plus
stock very tightly held
very little buying following announcements, quick buck traders seem to be selling out bored.
surprised share price didn't go straight up to 275-300p mark
does this suggest take over not a reality? is it too early in PALM's business cycle? Is this potential buyer just sniffing around for a bargain?
i hold and wait. was attracted to the stock when the share price came back to 200p last year, seemed cheap. company just getting into a decent revenue stream and will see profits growing rapidly over the next 10 years. seems a very solid investment before the possibility of a takeover|
here and there
|This article talks about CPO production in March 2014 & mentions the Sarawak region - interesting http://english.astroawani.com/news/show/palm-oil-production-rebounds-strongly-in-march-33659|