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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| New Brit. Palm | NBPO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 712.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 712.50 |
| Top Posts |
|---|
Posted at 09/10/2014 07:39 by leedskier This is the second Aim listed company with Malaysian connections -- NBPO was 49% owned by a Malaysian company -- to be bought out by a cash rich Malaysian company in a month, the other being PALM.I wonder which Malaysian company will be next? The economy out there is booming. |
Posted at 30/9/2014 12:39 by trytotakeiteasy prettygreen - I am guessing that it was published in some Asian newspaper.... lots of stuff seems to be followed by the business press there... agree though NBPO are pretty hopeless at updating shareholders......As I have previously stated I am not sure why NBPO rallied so much.. it was only a stake sale by Kulim and any talk of a full takeover was only speculation... no one ever talked about that happening... As such the rally in NBPOP shares must have been a selling opportunity given the recent weakening of palm oil prices.... |
Posted at 01/7/2014 11:25 by trytotakeiteasy bidding will probably just be for the 49% stake though... why would the PNG authorities allow a full takeover when they didn't allow one before.... due to national interest.. see belowAlso PNG changed the takeover code to introduce a national interest test for takeovers Unless something can persuade the PNG government that a full takeover should be allowed... i.e. it passes the national interest test... then surely the deal will only be for the 49% stake held by Kulim... |
Posted at 20/6/2014 09:28 by protean Looks like a potential bidding war with 7 parties now expressing interest. |
Posted at 19/12/2013 10:56 by wessie I have just noticed that I do not appear to have been paid the dividend due in November. Has anyone else received this?John |
Posted at 16/5/2013 16:54 by woracle tttie,Just a normal PI but been at it since the 87 crash and been in and out of palm plantation stocks for over 10 years. Nice to see you do your own research and form your own conclusions. They all need CPO to start moving up really to see any progress. Happy trading with NBPO. |
Posted at 15/5/2013 23:58 by trytotakeiteasy Woracle - thanks for the great feedback.. if you don't mind me asking are you a private investor or a professional in the industry..On NBPO margins... well rain in Q1 2013 was higher than last year and rain in 2012 was also higher than 2011... so I can see cost of sales increasing on a sequential basis due to that... (2012 was one of record wet weather in PNG) Costs were also driven by the appreciation of the Papua New Guina currency (boosting domestic wages in dollar terms) due to a big investment project. But it is now starting to depreciate against the dollar again as this project winds down.. So I think these two factors are responsible for cost escalation and should reverse.... I don't think companies do provide explanations in the quarterlies a lot of the time.... from the annual report: Cost of sales also includes cultivation costs, milling costs, labour costs and depreciation, most of which were negatively impacted by the lower FFB production from our own plantations and the lower throughput of FFB at our mills. Fertiliser costs were 12.5% higher than the same period last year whilst labour costs have increased by 10% in pnG Kina terms. In addition, gross profit has been significantly impacted by the year on year appreciation in the pnG Kina against the uS Dollar by approximately 12%, increasing those costs denominated in the local currency, particularly labour and overheads. the currency impact on costs in 2012 compared to last year was approximately uSD 25.0 million |
Posted at 15/5/2013 21:03 by woracle AEP is not one for trading so i am not too fussed about liquidity. But its not that bad unless you wanna trade 6 figures. Theres been plenty of O trades over 5000 shares in the last week close to the spread. Even up to 12500.Try mapping the gross margins for the last few years at NBPO as close to Q intervals as possible. You can draw your own conclusions whether its a one off or its ongoing. At the moment one would have to class them as a very high cost producer. |
Posted at 27/2/2013 09:44 by woracle horrendus year. EPS of 36c includes 11m exception gain and 8m currency gains. Without those.. well, closer to 28c. The CPO price is still below 800 so despite hedging a decent amount at 900, and no divi, i fail see why these should trade at above foreward PE 10. Impossible to predict earnings for this year but they will do well to repeat 36c. On that basis, the derating has a lot lot further to fall without big jump in CPO. My 360p fair value is way too high based on current situation.. suggest closer to 250p. |
Posted at 24/2/2012 12:22 by cisk absolutely stellar results. The cash generation is excellent. Undervalued, I think that the two EPS figures are due to accounting standard which reflects the amortisation of the plantation over their useful life (although I'm no accountant). I would just look at the standard figure.Several things stand out from the results: 1) They have forward sold 25% of their annual production (if it matches last years) already 2) Cash generation is excellent and shows just how quickly they can pay back borrowings. Year started with 2.7m usd cash, ended with 55m usd cash. 3) They are doubling the capacity in Liverpool 4) They are still the only fully-traceable supplier and fully sustainable. 5) They are implementing measures like methane capture to reduce carbon footprint and generate energy. 6) As Melody says they are on a lowly pe - for the kind of growth they are reporting they look cheap 7) The dividend yield is relatively low. FY 30c - approx 19p - equates to around 2.2% gross yield. There is certainly scope to increase this in the next FY - but NBPO have shown a very prudent approach to dividends (suspending them when they did a large acquisition in the last financial year), so I'm not expecting a huge increase. Indeed, personally I would rather they reduce borrowings than to increase dividends. Of course the big negatives are a) palm oil price and b) weather. They are heavily linked of course (i.e. bad weather = bad harvest = higher price - assuming all other things being equal which never happens). I'm happy to add a few here and there, benefit from the hopefully rising dividend and the continuing strength of NBPO. |
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