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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 14/10/2014 11:34 by leedskier PETALING JAYA: Moody’s Investors Service believes that Sime Darby Bhd is unlikely to attain full ownership in New Britain Palm Oil Ltd (NBPOL) as government-related entities currently hold around 22% in the latter and may wish to increase their ownership interest.“Moody’s concludes that NBPOL is therefore likely to remain listed, but not in London, allowing the company to raise funds for expansion or make selective share placements to dilute Sime Darby’s stake if required,” it said in a statement. Last week, Sime Darby announced an offer for all of NBPOL’s shares, valuing the equity at RM5.62bil. Including assumed debt of RM850mil in NBPOL’s balance sheet, the cost would total RM6.47bil. In the same statement, Moody’s vice-president and senior credit officer Alan Greene noted that the proposed acquisition would increase Sime Darby’s planted area by 15%. “By comparison, the next largest players are Felda Global Ventures and Golden Agri-Resources,̶ The rating agency pointed out that Sime Darby’s 525,290 ha of oil palm as at June 2014, combined with NBPOL’s 79,884 ha of oil palm in the same period, would amount to 1.62 times that of Felda Global Ventures and 1.29 times that of Golden Agri-Resources Ltd. “The acquisition would also improve the geographical diversity of Sime Darby’s palm oil sources, thereby mitigating the risk of unfavourable localised weather,” said Greene. Sime Darby’s existing plantations span Malaysia, Indonesia and Liberia. The addition of NBPOL’s plantations in Papua New Guinea will result in a planted area profile that is well-balanced between Malaysia and overseas. |
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 23/8/2012 13:22 by woracle Been an investor in palm oil for almost a decade. Did a lot of research early on to understand the sector and differences in countries. Have owned aep, nbpo, mpe and rea at different times but aep is the only one i have kept all these years. if you go back through the aep thread many years you might see a very detailed comparison of them all i made. They are all good companies with their own strengths and weaknesses but at the right price. Nbpo is just being de-rated to reflect a more realistic premium. It does deserve one, but not as much as it has had in the past. I think foreward PE 10 to 12 is fair here. So yes, there will be an opportunity here if the derating is overdone. It is fundamentally a great business. |
Posted at 22/8/2012 17:57 by trytotakeiteasy just looking at the broker downgrades and these are massive... I agree this has always seemed to be at a premium... which doesn't reflect the small country risks and the currency risks..... just a cash of "green" investors being pumped a story by a new palm oil kid on the block and buying it hook line and sinker... to my mind looks like it has much further to fall...... they also didn't adequately warn in advance of this profits warning.. |
Posted at 09/4/2009 07:08 by leedskier April 9, 2009 3:00 GMT+8Crude palm oil futures down as investors take profits |
Posted at 05/8/2008 16:16 by simon gordon The share price was puffed up by momentum investors during the commodity bull market when the best trade was to be long commodities, short banks. This trade has recently reversed. |
Posted at 16/4/2008 19:41 by protean I'm pretty sure a lot of people still follow newspaper tips. Market makers know this and push up tipped share prices prior to the open. Also often there is a lot more volume on the day after a share has been tipped as readers buy in. A naive strategy perhaps, but one that a large number of less seasoned investors follow.The interesting part is the fact that the article highlights how NBPO is at an undeserved discount to compared to its peers. TMI also mentions this. They both also make reference to Kaupthing's 800p price target and the fact that there is plenty of upside potential. Admittedly TMI has much more credence than a Mail on Sunday tip, but no harm in seeing what different people have to say especially if they present a valid argument for share price growth. |
Posted at 02/4/2008 10:59 by t-trader Believe this is the reason for the sudden drop this morning:02 Apr 2008 09:47 GMT Malaysian shares close lower on political concerns; palm oil stocks fall -UPDATE KUALA LUMPUR (Thomson Financial) - Malaysian shares closed lower on Wednesday amid domestic political uncertainties, with palm oil stocks leading the fall after the recent plunge in crude palm oil (CPO) prices sparked fears that earnings growth may disappoint this year. The Kuala Lumpur Composite Index (KLCI) finished down 10.76 points or 0.9 percent at 1,239.65. The FTSE Bursa Malaysia 30-large cap index dropped 75.42 points or 0.9 percent to 8,190.83 and the FTSE Bursa Malaysia second board index fell 42.08 points or 0.7 percent to 5,817.57. Decliners led advancers 390 to 305, with 275 stocks unchanged and 399 untraded. Trading volume was 696.05 million shares, valued at 1.37 billion ringgit ($425 million) Sentiment remained jittery after the steep selloff last month, said Kenny Yee, head of OSK Research. The KLCI tumbled 9.5 percent on March 10 after the ruling coalition suffered its worst-ever defeat in the March 8 polls, failing to maintain its two-thirds majority in parliament. "We believe damage has already been done, with sentiment now becoming more nervous. Any emergence of buying participation will be countered by strong profit-taking, hence the heightened volatility," said Yee. Domestic factors, such as the current political jockeying within the ruling coalition and the recent steep correction in CPO prices, have put investors on the defensive, said Ang Kok Heng, chief investment officer of Phillip Capital Management. Former premier Mahathir Mohamad on Tuesday urged party rank-and-file to oust Prime Minister Abdullah Ahmad Badawi, saying the ruling party could be destroyed if Abdullah stays in power. "When this sort of thing (party infighting) happens, the government's policy direction becomes unclear. The political stalemate could also affect the government's day-to-day operations as cabinet ministers become preoccupied with the conflict," said Ang. Sentiment was also dampened by the recent sharp drop in CPO prices, said Ang. Palm oil exports have become an important source of growth for Malaysia in recent years, with CPO prices hitting record levels. At the close of trade, palm oil stocks, which account for about 20 percent of the KLCI, were broadly lower. Sime Darby, the world's largest oil palm grower by planted area, fell 2.7 percent to 8.90 ringgit and IOI Corp, the second largest palm oil stock on the bourse by market value, lost 1.5 percent at 6.70 ringgit. Kuala Lumpur Kepong, which owns oil palm plantations in Malaysia and Indonesia, was flat at 15.40 ringgit while mid-sized planter Kulim dropped 2.7 percent to 7.25 ringgit. Malaysia's top bank Maybank lost 2.4 percent at 8.25 ringgit, national power utility Tenaga was steady at 7.50 ringgit and state-run Telekom Malaysia was unchanged at 10.70 ringgit. The Malaysian ringgit was quoted at 3.1905/1910 against the U.S. dollar. The three-month interbank rates were quoted at 3.55/58 percent and the overnight rates were at 3.48/50 percent. aipeng.soo@thomson.c |
Posted at 10/1/2008 09:04 by t-trader Posted: Thu, Jan 10 2008. 12:01 AM IST Money Matters Palm oil futures gain 0.9% as food, biofuel demand seen rising. Last year, palm oil rose 54% as investors speculated higher crude oil prices will force countries to increase the use of biodiesel made from the vegetable oil Pratik Parija/ Bloomberg Palm oil futures in Malaysia, the global benchmark, rose to match a record after erasing Tuesday's losses amid expectations that demand for vegetable oil for cooking and alternative fuel will increase. Palm oil for March delivery rose as much as 27 ringgit, or 0.9%, to 3,188 ringgit (Rs38,238) a tonne on the Malaysia Derivatives Exchange in Kuala Lumpur. The contract traded at 3,174 ringgit. Last year, palm oil rose 54% as investors speculated higher crude oil prices will force countries to increase the use of biodiesel made from the vegetable oil. Rising incomes are also boosting demand for fried food in China and India-the biggest consumers of edible oils. Crude oil rose for a second day on speculation that a government report on Wednesday will show US inventories declined for an eighth week. Oil reached a record $100 a barrel in New York for the first time on 2 January on concern violence in Nigeria may further lower output in Africa's biggest oil producer. |
Posted at 01/1/2008 09:04 by cr4zyness Plantations shedding fusty colonial imageBy Toby Shelley The oil palm sector may retain a fusty, colonial image but the surge in demand for biofuels and cooking oil has led to growing interest from British investors in plantation companies. This month, the London market gained its fourth oil palm planter as New Britain Palm Oil listed on the London Stock Exchange. The shares, which floated at 275p, have risento 368p, giving the company a £534m market value. EDITOR'S CHOICE Asian Palm Oil Company plans £45m Aim float - Oct-11Palm oil price boosts Anglo-Eastern - Apr-04Analysis: Worries surround America's biofuels surge - Mar-26Lex: Palm oil boom - Jan-16The other three London-listed companies are all on Aim. They have shown share prices rise of up to 30 per cent in the past year. With spot prices for crude palm oil trading at more than $900 a tonne, against $600 a year ago, and a long-run average of about $400, this is hardly surprising. Richard Lucas, an analyst at Ambrian Partners, says there may be a speculative element in prices but he believes the market is well supported at $650 a tonne. Even if mandatory bio-diesel levels are set lower than expected or other crops are preferred to palm oil, food sector demand is burgeoning in India and China while palm oil's lack of trans fatty acids has boosted its appeal in the US. Even if prices do fall, well-managed plantations should continue to prosper by bringing on new acreage and higher-yield varieties, Mr Lucas says. Because of the Asian financial crisis a lot of planting was postponed until 2002 and trees planted then are now producing their first crops. London-listed companies are in expansion mode. Anglo-Eastern has just acquired 33,000ha of scrubland in Indonesia; REA is adding land as it becomes available and MP Evans has been selling land in Malaysia to concentrate on Indonesia. Before listing, Alan Chaytor, executive director of New Britain, said the company would try to acquire more land from smaller Papua New Guinea producers. Prospects are good for established producers with funds to take advantage of strong demand but would-be entrants should not expect an easy ride. Asian Palm Oil planned to float on Aim in October, promising low production costs but investors appear to have been put off by the prospect of a three or four-year wait for the first crop. Charles Hall, an analyst at Panmure Gordon, says raising finance for land is likely to be difficult because of the time between investment and return. Nick Edwards at Mirabaud says lack of faith in the transparency of land deals in some producer countries can be a disincentive to funds, worried that they may be implicated in forest destruction. In spite of the considerable hurdles, 2008 could bring more listings in London, Kuala Lumpur or Hong Kong. |
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