New Britain Palm Oil Share Discussion Threads

[melody9999] 19/5/2011 11:26

someone just bought over 100K shares - or the best part of £1M - not me unfortunately!

[melody9999] 19/5/2011 10:51

Fantastic trading update today. Even allowing for exceptionals these are great numbers. PBT $89.3M less 8.9 less 4.3 = 76.2M. Compares with Q1 2010 at $23.3M
So that is over 200% increase.

Seems to be under the radar at present but I'm in today

[malcthesheepraider] 09/5/2011 13:12

Does Brando69 have a daughter ?

[katie priceless] 09/5/2011 11:00

Price down this morning. PAL had a good update this morning.

[thorpematt] 06/5/2011 10:40

seems to be holding remarkably well in the face of events. Was gonna take profits but think I'll hold now lomger term.

[andybenw] 06/3/2011 12:50

BIP palm oil refinery is now up and running.
New pictures now on their website.
www.biofutures.com

[thorpematt] 05/3/2011 00:29

Thread's gone quiet. Noted we dropped thro recent trend lower support prior to results. Seen that a lot of late with good strong companies so ignored it. Results good so justified. Lots of uncertainty in global markets but demand remains for PO is strong. Challenges ahead for management - but track record good.



Reckon we'll see some sideways moves short-term. £10 and a stock split would work for me tho.

P.S Blue sky on chart so not much to get in the way if the market really wants...

[katie priceless] 28/2/2011 14:00

PAL up today. Equatorial Palm Oil, a UK-listed palm oil developer, has 169,000ha in Liberia.


Sime Darby eyes palm oil expansion in Africa

By Kevin Brown in Kuala Lumpur

Published: February 27 2011 20:17 | Last updated: February 27 2011 20:17

Sime Darby, the world's biggest listed palm oil producer, is considering plans for a 300,000 hectare plantation in Cameroon as the industry rushes to expand in Africa in response to rising demand and near-record prices.

Mohd Bakke Salleh, Sime's chief executive, said the M$7.5bn ($2.5bn) project was the Malaysian group's best prospect for expanding its 640,000ha land bank after a 220,000ha concession was granted in Liberia last year.

"We are actively looking. We have been shown potential areas in Cameroon, and the development formula is to work with the local communities," he said in an interview in Kuala Lumpur.

Mr Bakke stressed that discussions had so far led to "nothing conclusive", while the plantation would take many years to develop, with planting beginning at about 5,000ha a year and peaking at no more than 15,000ha.

Long-term demand for palm oil is rising as a result of population growth and changing dietary preferences in Asia, while supply is constrained by limits on plantation development in Malaysia and Indonesia, the two biggest producer nations.

Indonesia, which accounts for almost half the world's palm oil production, implemented a two-year moratorium on commercial development of forests and peat lands in January as part of an effort to conserve the country's remaining rainforests.

Mr Bakke said it was essential for Sime to find further land to defend its market leadership in the face of active prospecting in Africa by other big producers such as Singapore-based Wilmar International and Olam International. "We cannot just sit back and do nothing," he said, noting that "other plantation players" were looking at potential projects in Ghana, Ivory Coast and Cameroon.

Sime's Liberia deal was part of a wave of proposed development projects by the industry last year, which included a $1.6bn agreement between Liberia and Golden Agri of Indonesia, and a 300,000ha joint venture in Gabon announced by Olam. Equatorial Palm Oil, a UK-listed palm oil developer, has 169,000ha in Liberia.

Palm oil, although down from the 28-month highs reached last year, was trading at about $1,100 a tonne last week. Before a 2008 spike in food prices that pushed the commodity above $1,000 a tonne, palm oil traded at an average price of about $500 a tonne in the preceding two decades.

Plantation groups do not expect significant local opposition to expansion in Africa, where governments are keen to create jobs and increase export revenues. Sime said its Liberian and Cameroon prospects could create 30,000 jobs each.

Sime also stressed that the land involved was agricultural or degraded forest, reflecting the impact of sustained campaigns against the industry by western environmental lobbying groups such as Greenpeace.

[chan_steve] 19/2/2011 14:41

Is this stock stil paying out dividends?

[katie priceless] 16/2/2011 11:51

PAL is zooming up this morning 33.50 bid

[thorpematt] 28/1/2011 13:20

More food price pressure:

[katie priceless] 27/1/2011 18:03

Hectorp

Look at PAL , tipped as the next NBPO

[melody9999] 18/1/2011 20:49

In here at the moment Hectorp - sad to say I've dabbled in and out on the way up a couple of times though the last time I did buy back marginally lower. Funny how shares that go up coninue to go up ....and up. Its a great looking chart.

Record CPO price combined with the increased plantation acreage should continue to support the share price IMHO.

[hectorp] 17/1/2011 18:05

Should have bought this a year ago. Now its looking very high.. Not at all sure. Well done long termers.

[thorpematt] 14/1/2011 22:20

Check out what happened when my cat saw the price that NBPO finished on today:-




OMG!

[thorpematt] 06/1/2011 15:59

Thanks nellie

(New Britain Palm Oil started with buy rating at Shore Capital).

Shore Capital are probably another organisation looking into them dinasours too by the look of it. Still the bandwagon is starting to fill up so I won't complain.