New Britain Palm Oil Share Discussion Threads

[nellie1973] 06/1/2011 13:24

Broker upgrade

[melody9999] 01/1/2011 17:21

Chart wise that was a nice bounce of 850 and makes things much more positive. Looks very likely to hit new highs imminently and as round numbers do not faze NBPO, could move into 900s easily.

Regards IC, I get nervous when my holds get strong buy ratings from IC! NBPO was a sell at 585p in Sep- after which the share price rose... and now its good value at 870p in Dec. Draw your own conclusions! HNY

[thorpematt] 30/12/2010 21:01

FB
It's a fair ppont you make. I think they advised a take profits approach which of course must be viewed in the context of their previous BUY tip. I personally considered and ignored - as Like you I believe more upside is available and enjoy the more positive "run the winners approach".

Your charting knowledge outweighs mine certainly, and your thoughts/input are as ever apreciated.

[farnesbarnes] 30/12/2010 20:06

With all due respect Thorpematt, the IC were advising sell back in early September at 585. I remember cos I sold, but for other reasons.

How much further could it go? I still reckon it could get to a tenner, but note the force (13 day EMA) with which the bulls are pushing up prices is diminishing. A falling trendline of this force suggests a turning point around the end of Feb 2011.

[thorpematt] 30/12/2010 19:47

NBPO Featured in this week's IC with a Good value rating (as part of food feature) alongside another of my favs ACHL. Perhaps more surprsingly Farmer Palmer from viz gets a mention also!)

Incidently the environmentals (which are believe are a strong driver mid-term for NBPO) are detailed. On that note if i haven't mentioned it before this film is relevant regarding commodoties (soft and hard) their past and the future use of them.



Interesting with great photography watch in 720 lines I'd say.

[saget] 21/12/2010 16:54

Erm...
I think MPE (M. P. Evans) is a much better option than either RE. or PAL.
Besides, I don't think there's much wrong with just sticking with NBPO!

[katie priceless] 20/12/2010 12:02

You should switch into PAL

[thorpematt] 15/12/2010 15:10

Sammu

Thanks for the link. Interesting in particular because it says it almost exactly as I see it for NBPO. Still some legs left in the price rise yet me thinks.

Regarding RE. I know nothing (might have a look when have time).

[sammu] 15/12/2010 11:31

A positive write up from a fund manager, top of page 2:

[sammu] 14/12/2010 14:20

Looks like a new high here today.

I've been looking at NBPO vs RE. and posted on the RE thread, below is a copy of my post:
It looks like this is trading at quite a big discount to New Britain Palm Oil, and I was having a think as to why this would be...

RE.
No forward sales
Smaller (less liquid?)
Not as good green credentials
Indonesian tax rises as CPO price rises
Early stage Coal operations

NBPO
Some forward sales at lower than current prices
Larger (More liquid?)
Green credentials
Better tax enviroment?
Sugar

I'm not sure which has the better planting/maturity profile.

Any thoughts anyone?

[thorpematt] 11/12/2010 11:33

Definately been some profit taking both here and on contract futures for PO. Mid and long-term spot price looks to have genuine bullish drivers so I think we could see some swift upside provided we break previos resistance level

[matt123d] 06/12/2010 13:02

Palm oil breaking 3600 now!

[farnesbarnes] 30/11/2010 12:59

WMA? not EMA or SMA

[5070481] 30/11/2010 11:36

Picked some up on the 50day MA.

[cheaky monkey] 29/11/2010 17:45

Got stopped out! shame but will keep an eye on and have no hesitation in getting back in if continues to fall. Just general profit taking i think on market worries in general re:eurozone.

[thorpematt] 25/11/2010 10:21

Good results I would say. The only negative was high rainfall and therefore slightly lower yields. This of course is in part why the PO price is so high in the first place.

The new refinery in Liverpool will be key moving forward as the environmental issues become more to the fore for consumers (see recent BBC2 documentry on food). NBPO is one of the few producers of traceable (from source to shelf) oil.

There should be higher yields once re-planting gathers pace for the new aquisitions. So growth in production is mid-term likely.Longer-term there may be need for aquisitions to continue the impressive growth numbers; cash generation will perhaps be key to that. With forward PO prices looking high this looks achievable. What encourages here as well, is that the small-holders are producing higher than expected yields which augers well for any add-ons in the future.

Add the dips I think.

[ib1905] 17/11/2010 10:45

Ah well - it's had a good run and I am holding because PO will continue to be in demand,
"Nov. 16 (Bloomberg) -- Palm oil dropped the most in more than a year on concerns that demand from China, the biggest cooking-oils user, may wane after a state newspaper said price- controls could be imposed on some commodities to cool inflation.

Price caps may be placed on food and punishment toughened on those found speculating on agriculture futures including corn and cotton, the China Securities Journal cited an unidentified person as saying.

The January-delivery contract slumped 3 percent at close to 3,270 ringgit a metric ton ($1,044) on the Malaysia Derivatives Exchange, the most since Oct. 2, 2009. The market is closed for a local holiday tomorrow.

The decline is "largely on concerns that China may break commodity prices," said Kishore Narne, head of research with Anand Rathi Commodities Ltd. in Mumbai. "There's also a general risk aversion due to a stronger dollar."

[ib1905] 16/11/2010 18:13

Agree it is following trends and it seems to me it just went with the market pretty much - with China and Ireland still causing jitters - in the absence of any good news imo - top up time as you say! Rebound tomorrow or Thursday I would hope

[cheaky monkey] 16/11/2010 15:19

sure it's just a bit of profit taking, looking at graph, this seems to mirror previous history so i'm looking to top up at the right time. DYOR!

[katie priceless] 12/11/2010 10:44

The price fall's nearly 2% and nobody is posting , I don't count because am holding PAL .

[ib1905] 10/11/2010 23:28

Every days a school day Melody TY

[melody9999] 10/11/2010 22:25

company registration must be in a tax haven to avoid tax.