New Britain Palm Oil Share Discussion Threads

[woracle] 21/10/2010 16:14

Nope, CPO is at 27 month high today. AEP looks like its the one breaking out today...

[farnesbarnes] 21/10/2010 16:07

following CPO? REA's fallen too.

[cheaky monkey] 21/10/2010 15:58

someone jusy shelled out £500K on (buying i hope) shares. then share price dropped a bit! strange!!!

[katie priceless] 19/10/2010 18:32

Any reason for the raise in price today ? PAL was down a little today.

[melody9999] 18/10/2010 20:19

Jon - I decided that the increase in the PO price was the buying opportunity I needed and jumped in at 633p. But was surprised nobody else did! Anyway so far so good.

[thorpematt] 11/10/2010 21:51

melody9999 - Predicted weak US soybean crop

[jon827] 11/10/2010 21:14

Im interested melody, but just waiting for a buying opportunity

[melody9999] 11/10/2010 21:10

Not sure why but large increase in PO price today - no-one seems interested though!

[thorpematt] 25/9/2010 18:52

Katie -
NBPO is an investment for me - although I do occassionaly punt I will admit.

PAL is a little too small to fit my criteria, but I confess it looks "very well priced". Beware however...

"...It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price..."
Warren Buffett

BTW Perhaps this thread might be one of interest to you:


Great name BTW. I'll wager that you made up the second part of it up.

[katie priceless] 25/9/2010 07:58

PAL are still a cheaper punt.

[thorpematt] 23/9/2010 19:31

Record high approaches...


free stock charts from www.advfn.com

[cheaky monkey] 22/9/2010 16:55

nice breakout, hope we can hold onto this above 600p

[kingmidas2] 20/9/2010 15:33

Big buying

[farnesbarnes] 03/9/2010 09:26

big selling

[thorpematt] 01/9/2010 13:37

Original buy rec. was dec 2009 therefore a near 50% profit - hence a "take profits advice is fair enough suppose.

[farnesbarnes] 01/9/2010 11:06

The majority of today's sells came before they marked the price down.

This is most of the info I could work out.

As part of their tip update the headline was

Soft commodities, hard profits - and it's time to take them. "Fairly priced"

Then a couple of lines on recent interim results:

first half pre-tax profits 10 per cent ahead to $46.1m (

27% increase in rev.,

steadily rising palm oil price

record production of 949,762 tonnes of fresh fruit, up 23 per cent over the year.

[thorpematt] 01/9/2010 10:50

What's it saying? - MMs will mark it down if it's negative.

Short-termers and traders should've bailed already I would've thought (585 at least).

Personally I am happy with the growth (pardon the pun). The biological assets are skewing the results (profit-wise).

I reckon short-term we will retrace a tad, but I am looking further and will hold for the next rise. If the Autumn wheat harvest is weak the CPO will rise dramaticaly. In the mid-term I think CPO will continue to be bouyant and long term anything "food" production is an obvious play.

Basically I am not gonna trade this. I am happy to live with volatilty.

[farnesbarnes] 01/9/2010 08:49

IC subscribers bailing this am.

[farnesbarnes] 27/8/2010 09:36

Thorpe

Seems like it's all in the price short term, and if anything maybe it would be healthy for the share price to take a breather and settle at 575ish?

Full year profit forecast is GBP70m, so USD46.2m for the first six and using an exchange rate of 1.5 is giving full year profit of GBP60m (roughly).

I understand that the harvesting has been hampered by La Nina this half, but last year's halves were about equal in terms of profit. And the weakening dollar isn't helping.

But then you've got this:

"Cropping levels have been in line with expectations and pleasingly crops are
still high at the start of the second half of 2010. Oil production is still some
12% higher than the same period in 2009 although oil extraction rates were
disapointing at 22.28%, due largely to unusual rainfall patterns particularly
early in the year that affected harvesting rounds at various times as well the
lower extraction rates at KPOL, which we expect to significantly improve over
the medium term."


Nowt spectacular. I'm glad I topsliced recently.

[matt123d] 27/8/2010 09:23

Well the market likes them, holding on to substantial recent gains at present, was expecting a bit more selling today after such a good run and a weak general market but holding up well.

Should consolidate here for a week or so and let the 20dma catch up after which i'd expect a move to new highs above 620p.

Short term target - 750p.

[thorpematt] 27/8/2010 09:16

FarnesBarnes - I understand your sentiment (and using just 2 words it's not the worst summary I've ever read) BUT now I've read the whole report I have a view. I would say this (using only 2 words):-

complex results.

(A lot has happened recently). I always look for negatives - there are infact LOADS of plus points, but that's just the way I do it. The one which needs furtheer study is "cost of sales". Trust me I will be digging.

however IMHO - I am very upbeat about this stock,

[farnesbarnes] 27/8/2010 08:06

average results

[jonno1] 24/8/2010 20:03

tipped,gumshoe today!