Panther Metals Share Discussion Threads

[grahamhacker] 26/5/2014 18:33

Public Companies have to file their accounts within 6 months - 30 June for PALM!

[grahamhacker] 26/5/2014 18:25

No reply to my email. I also note from the Jan rns (below), that there has been no update (expected Mar). This makes me believe that they are still in serious discussions & feel there is no need to update shareholders with routine updates.Jan rnsThe Company will provide an update on planting progress when the latest GPS data, expected by early March 2014, becomes available.

[grahamhacker] 14/5/2014 08:39

I have sent the following email I am an investor & noted that last year accounts were available at the end of April 2013. This year no accounts have been posted or any date when they can be expected. Can you please advise when accounts are likely to be available. I am of course aware of your rns's regarding a possible sale. Many thanks

[grahamhacker] 07/5/2014 13:42

Still awaiting results, don't understand why the delay!

[mozy123] 28/4/2014 10:08

Still in discussions!

[grahamhacker] 23/4/2014 19:56

Last year results were on 30 April, so maybe this years in a week?

[grahamhacker] 20/4/2014 21:21

Here & thereI am like you in viewing this as a solid investment just turning the corner to profitability. However, if there was a 'quick' sale in the area of £4 I would happily take it & move on

[here and there] 20/4/2014 18:52

I am not so sure.

It is a 'for sale' sign, but I think it is to attract alternative buyers and try and provoke a bidding war. I think, as they clearly have been approached, they have employed strand hanson to help them extract full value.

I don't think they are in any hurry to sell, they are well financed and are just entering a great period of revenue and profit growth. If they don't get the offer they are after now, they certainly will in a couple of years time

[grahamhacker] 20/4/2014 18:32

Rns 24/3 states: formal saleAsian Plantations Limited (LSE: PALM), the AIM-listed palm oil plantation company with operations in Malaysia covering some 24,622 Ha, announces that it has engaged Strand Hanson Limited to act as sole financial adviser to conduct a formal sale process to seek buyers for the Company.This to me this says "instruction to sell!?"

[here and there] 20/4/2014 11:41

loan note conversion price set at 285p.

Star article indicates a takeover at £4 plus

stock very tightly held

very little buying following announcements, quick buck traders seem to be selling out bored.

surprised share price didn't go straight up to 275-300p mark

does this suggest take over not a reality? is it too early in PALM's business cycle? Is this potential buyer just sniffing around for a bargain?

i hold and wait. was attracted to the stock when the share price came back to 200p last year, seemed cheap. company just getting into a decent revenue stream and will see profits growing rapidly over the next 10 years. seems a very solid investment before the possibility of a takeover

[grahamhacker] 12/4/2014 13:07

This article talks about CPO production in March 2014 & mentions the Sarawak region - interesting http://english.astroawani.com/news/show/palm-oil-production-rebounds-strongly-in-march-33659

[grahamhacker] 10/4/2014 20:37

10/04/14
From data available:

The company has been inconsistent in its presentation of facts, sometimes quoting in USD & sometimes in tons, which makes comparisons difficult. This is what I've deduced:

Fresh Fruit Bunches (the factory):
30/04/13 - Final results 2012 – Forecast production for 2013 would be 200,000 tons
30/09/13 - has exceeded 23,000 tonnes for the month of September 2013. "Delay in issuance of regulatory approvals"
16/01/14 - Trading update production 2013 = 141,555 tons. 30/09 rns mentioned Delays in approvals, so I assume this is what caused the production shortfall.

2013 Sales-All figures based on £1 = 5.5rm
Crude Palm Oil Sales £11,420,000
Palm Kernel £1,390,000
FFB £906,000
Total Sales = £13,716,000
There is no guide on cost of sales as the factory was not running 1year ago!

Summary/Questions
Sales were approx £14m (£1.7m 2012)
FFB production was 30% below forecast (due to approval delays, or other matters!)
Was company at breakeven or profitable?
Productive life of a palm is 25 years..... this is the interesting statistic.
What will happen to palm oil prices?
GPS data (for planting stats) was due early March – no information as yet.

[mozy123] 07/4/2014 15:19

here also - bit of a punt on the article but business is solid even if no sale announced

[tinware] 07/4/2014 12:44

I'm here too...
Been holding for about a year, but topped after spotting The Star article

[grahamhacker] 07/4/2014 12:10

Here and thereWe appear to be alone on our thoughts & I've just topped up again..... this one is really strange!

[grahamhacker] 24/3/2014 11:23

Rns - seems like they are committed to sell at the right price & have suitors lined up. I've topped up as the share price they would be prepared to accept is sure to be much higher than the current share price of 240p

[grahamhacker] 03/3/2014 20:36

With all the director buys it's difficult to see PALM selling at a miserly 15% premium!

[here and there] 03/3/2014 20:05

bizarre world

all those retail punters chasing dreams on two bit companies when there are solid companies like PALM right under their nose.

if they are being offered 50000rm per hectare....any take over will be north of £4

i would prefer the company to hang in there for a couple of years and grow production, revenue and profit....get the share price back into the £4/£5 range and then enjoy the attention of some suitors

[mozy123] 03/3/2014 10:25

Bid coming?

[grahamhacker] 02/3/2014 07:39

Palm oil price @ 28/2/14 $855 & creeping up nicely from its low point of $700 6 months ago.

[here and there] 13/2/2014 15:05

no idea fella, check out their website, there is a pretty good presentation from may 2013.

they don't really bother marketing themselves at all.

the planting and future harvesting timelines can be gleaned from their results statements and the presentation.

suffice to say they have ramped up production of third party bunches once permits were granted (late!) and they are producting their own product as well. own produce will grow apace over the next 5 years.

just at the very beginning of revenue and profit, all growth from now on.

management own a huge percentage of the company. what is in their interest, is in our interest.

this is a 3-5 year investment for me unless there is a huge spike in share price

at some stage i will try to speak to management but time differences make it complicated

[mozy123] 13/2/2014 14:20

H+T Do you know the intended future dividend policy is?

Revenues for 2013 will be Apx $24mil - will they be profitable in 2013?

Update on planting due back end of March. What % of the 28k ha are you expecting to have been planted?

[here and there] 13/2/2014 12:48

considering the operational success of this company and where the share price is, i don't blame the directors