New Britain Palm Oil Share Discussion Threads

[lizardflipper] 07/3/2015 10:46

If i didn't reply to the corporate action, will I get 715p per share or have i shot myself in the foot? Do i have to sell now at the relatively terrible market rate so i don't end up owning shares in a delisted company?

[coopzilla] 28/1/2015 13:06

O think they offered 715 and want to delist from lse so cant see this going any higher now :(

[coopzilla] 28/1/2015 12:48

Eu commission has given take over the all clear

[coopzilla] 27/1/2015 16:00

After the massive rise today does this still have any legs in it? Any chance of getting back to the 750-800 range?Answers on a postcard please!

[psmith1110] 27/1/2015 10:50

News imminent methinks ?

[leedskier] 14/10/2014 11:34

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,̶1; he said.

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.

[leedskier] 11/10/2014 09:08

SIME Darby Bhd’s audacious bid for New Britain Palm Oil Ltd (NBPOL) has injected much-needed excitement into the markets that have been haemorrhaging over the last few days. Sime Darby’s offer to buy out NBPOL is rippling through the stock exchanges of Kuala Lumpur, London and the little-known Port Moresby Stock Exchange, with a total value of a whopping RM2.82bil created overnight.

This figure is the increased market capitalisation (stemming from Sime Darby’s offer) in the listed shares of Kulim (M) Bhd and NBPOL, the latter of which is dual-listed in London and Papua New Guinea (PNG).

But things could get even more exciting as rumours circulate that the other Malaysian company keen on buying NBPOL, namely Felda Global Ventures Holdings Bhd (FGV), is mulling a counter-bid.

This would lead to the prospect of two Malaysian government-owned entities fighting tooth and nail to own the London-listed NBPOL, which is not only the largest plantation group in PNG but also the largest company in that country.

The fear, though, is the prospect of overpaying for NBPOL.

Already, Sime Darby’s offer price of £7.15 (RM37.38) per NBPOL share is coming at a whopping 85% premium to the market price prior to the deal’s announcement.

[blackmarketunit] 10/10/2014 13:42

Dekeloil boosted by favourable dynamics amid New Britain Palm Oil bid
- Today, 1:41 PM

Yesterday's news of a takeover bid for New Britain Palm Oil (LON:NBPO) by Malaysian giant Sime Darby gave West Africa focused DekelOil (LON:DKL) a boost.

[leedskier] 09/10/2014 09:56

Sime Darby is a good company. It will be in safe hands there and as you say a very decent price.

[rupe1958] 09/10/2014 08:53

This has been a long wait, but a decent outcome in the end. This seems a reasonable offer to me.

[asturius101] 09/10/2014 07:42

Well done to anyone who bought in yesterday lol

[leedskier] 09/10/2014 07:39

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.

[asturius101] 09/10/2014 07:09

Time to buy a few? ;)

[leedskier] 09/10/2014 07:04

Sime Darby Bhd. (4197.KU), the world's largest publicly listed palm-oil producer, said Thursday it would make a cash offer of GBP1.073 billion to acquire Papua New Guinea-based New Britain Palm Oil Ltd. (NBPO.LN)

Malaysia-based Sime Darby said in a statement that it decided to make the offer after it received a letter from the prime minister of Papua New Guinea that said Sime Darby's acquisition wouldn't be contrary to the country's national interest.

Sime Darby said it is proposing to buy New Britain Palm Oil for GBP7.15 a share, which would represent a premium of 85% to the closing price of New Britain Palm Oil's shares on Wednesday on the London Stock Exchange.

Write to Wayne Ma at [e-mail]

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[dafad] 09/10/2014 06:35

Bid coming in at 1.7 billion ,85% premium

[leedskier] 02/10/2014 11:19

FGV back in for NBPOL

By ZAIDI ISHAM ISMAIL AND ZARINA - Thursday, 2 October 2014.

FELDA Global Ventures Holdings Bhd (FGV) has initiated talks with Kulim (M) Bhd to buy the latter’s controlling stake in London-listed New Britain Palm Oil Ltd (NBPOL), said people familiar with the matter.

[trytotakeiteasy] 30/9/2014 12:39

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....

[prettygreen] 30/9/2014 11:47

Nice to see the price plummet at market open - followed 2 1/2 hours later by the official announcement. Call me a cynic but.....

[trytotakeiteasy] 01/7/2014 11:25

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 below



Also 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...

[protean] 27/6/2014 17:58

No probs.

Interesting times ahead with the bidding process due to start soon.

[dab26] 27/6/2014 16:59

Thanks Protean - have a great weekend.

[protean] 27/6/2014 15:37

It's not known at this stage although it is a possibility. Also there are several others interested too according to press reports.

The bid just keeps ticking up so there could be a larger buyer in the background.

From the RNS on the 16th:

"it is not known whether such discussions will or will not result in a change of control of the Company or a formal takeover offer for all or part of the Company's issued share capital."

[dab26] 27/6/2014 15:02

If they bid for the 49% stake, does that then require them to make a full bid for the remaining 51%...? Unless they apply for exemption of course, in which case obviously not...

[protean] 27/6/2014 14:19

"FGV to submit bid for stake in New Britain Palm Oil in July"

[greenroom78] 22/6/2014 11:59

Anything in the UK media?