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PAL Equatorial Palm Oil Plc

20.00
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Equatorial Palm Oil Investors - PAL

Equatorial Palm Oil Investors - PAL

Share Name Share Symbol Market Stock Type
Equatorial Palm Oil Plc PAL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 20.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
20.00 20.00
more quote information »

Top Investor Posts

Top Posts
Posted at 17/11/2017 14:23 by mudbath
Having regard to the ever present problems that face EPO,I have decided to exit from my holding in PAL.
Good luck though to the Company and to remaining investors.
Posted at 10/2/2016 18:09 by kaos3
I am not an UK based investor. Still paying VAT but lower. And numismatic premiums can be substantial.
Posted at 31/7/2015 10:48 by fillipe
Hi empire....well predicted! Holding news now out, just now.



Best wishes

f
Posted at 08/7/2014 06:25 by snurkle1
Precious Metals Market Update

July 7, 2014 -- Gold and silver spot prices opened lower this morning after nearly flat trading during the shortened holiday week.

For the moment, most of the action in the metals markets is in palladium. The white metal closed Thursday at a 13-year high of $863/oz on news of renewed labor unrest in South Africa, a structural supply deficit, and strong automobile sales worldwide. And palladium opened higher this morning.

Metals insider David H. Smith noted during a recent ILB podcast interview that silver and other precious metals may follow in palladium's footsteps.

This week, metals investors will be watching a forum hosted by the World Gold Council in London to discuss options for "modernizing" the London Gold Fixing. The four member banks that set this key daily price face mounting public and regulatory scrutiny as evidence of manipulation mounts. These banks announced the end of the similar process for silver fixing in May.

Recently, Barclays Bank admitted a staff trader rigged prices lower in order to prevent of the bank's clients from receiving a $3.9 million option payout. The bank paid a fine amounting to more than $40 million, and many market participants do not believe Barclays' claims the cheating was an isolated incident.
Posted at 14/3/2014 06:37 by 3dimensional
Labour's business credentials were dealt a blow in a note on the European energy market from HSBC yesterday. The bank said the decision of Centrica, British Gas's owner, to invest in the US rather than the UK has been "vindicated" by Ed Miliband's pledge last year to freeze energy prices if elected. Analysts said its shift "to higher-producing areas such as Norway and the US and away from the UK" justified its overweight rating, helping the company up 6.9p to 334.8p.


HSBC also downgraded the energy provider SSE, off 8p at 1,417p, due to "increasing uncertainty about the implications of a Scottish referendum".

Another day, another twist in Vodafone's attempted takeover of the Spanish cable operator Ono. After reports last week that it had tabled a second bid, thought to be between €7bn (£6bn) and €8bn, Ono's shareholders yesterday backed plans for a market listing in Madrid. The company's board are said to be still mulling the bid but it piles the pressure on Vodafone, down 5.15p to 224.4p, to up its offer.

The FTSE 100 marked its fifth day of losses yesterday, down 67.12 points at 6,553.78, a five-week low. Retailers led the way down after dire results from WM Morrison spooked investors.

One high street regular to make gains was the DIY group Kingfisher, up 4.5p to 407.4p, It was boosted by strong numbers from Home Retail Group, which rose 10.3p to 215.4p as it announced a sales boost at Homebase.

Despite falling profits and job cuts, Numis was upbeat on Barclays yesterday, saying it is meeting regulators' capital requirements faster than expected. The bank clicked up 1.9p to 235.65p.

On the mid-cap index, the online gambling group bwin.party made gains after revealing it was on track for a return to growth this year. Investors placed their chips on the table and the company rose 4.5p to 126.6p.

The Aim-listed Equatorial Palm Oil,Sefton Resources and KEA Petroleum made big gains on City rumours of impending good news from the trio.

Gulf Keystone Petroleum slid 23.75p to 120.25p after lowering output guidance on its Shaikan site in Iraq.
Posted at 15/10/2013 11:31 by treacle32
Because that's what they do and how they trash bb's, they can't comment on the company.

Not clever or sophisticated investors.

Came onto my RIA bb the other day and now significantly up again as well as URU.

They come and play, trash the bb's, have their fun, and then move onto the next bb to trash.
Posted at 05/7/2013 22:46 by gopher
Some recent Chronic Investor comment (High risk but in an Africa portfolio) however shares now suspended pending value destruction?
Posted at 09/4/2013 21:31 by gopher
Just returned to the Co to see progress and notice a recent share issue to raise cash. Not too bad but if the Co turns out well then new investors can take another 17% via warrants at what would then be presumably a bargain price.

This seems so typical of AIM companies, jam tomorrow and seed corn investors get diluted along the way.
Posted at 12/3/2013 19:31 by hectorp
hi snurkle, very few private investors buy the phys. pal. There is not much of a market for it. IF you get suck at some point I am sure you could get some Pal rings made, or some sort of jewellery.

I can't help you with ETF's I simply trade the metals on IG Index ( spread bets) when that is, I do.
I see PAL has gone back up several percent this past week or so.
I am looking to see I missed a good chance to buy at 720!
H.
Posted at 29/9/2012 10:11 by drewz
Equatorial Palm Oil poised for exciting twelve months, says chairman Frayne

Equatorial Palm Oil (LON:PAL) chairman Michael Frayne says the company is poised for an exciting twelve months as it continues to advance its strategy to build a significant African agriculture business.

The Liberia-focused palm oil company in this morning's interim results told investors it had completed another 'solid' period.
Indeed, it achieved a number of important milestones including the full commissioning of its Palm Bay mill and its first international sale of crude palm oil (CPO).

Though these are notable achievements Equatorial's main focus has been on the expansion of its palm oil plantations and this year is its busiest to date. It is on track to plant 1,700 hectares of palms by the year's end.

"Our planting programme is starting to accelerate to the level that we want it," Frayne told Proactive Investors.

"We will really start to see that coming through in the next six to twelve months. We got a team together that's now well established, and they're now beginning to hit their straps.

"It is a progressive thing. Every six months as we look back we see the company's achieved a lot and has already come a long way."

For the six months to June 30, Equatorial generated revenues of $210,000 and it reported a loss of $1.5 million. And it ended the period with around $1.7 million in cash and cash equivalents.

But these figures do not reflect the scale of the business Equatorial is currently building. At the moment Equatorial is producing CPO from around 3,500 hectares of 'very mature' palms, which have much lower yields than Frayne is expecting from the newly planted crops.

The first planting programme of new palms began last year and first revenues from those crops will come in 2014. Each young palm is taken from the nurseries and planted when it is about one year old and they are expected to take a further three years before the crops begin to contribute revenues.

So the firm's first properly meaningful revenues are still a number of years away. That said, the company's incremental planting programme is adding a significant amount of value as the company literally sows the seeds for its future.

"We are at the moment our focused on planting. That is where we can add the real value to the company. The key is to get on that planting cycle.

"We are hoping to plant 6,000 hectares next year. That is an enormous area and we'll look to repeat that level of planting from then on, if not increase it.
"We're establishing our nurseries, and we're putting in place the structure so that we can show we're able to plant 6,000 hectares each year."

"We've got big plans and we've got to keep demonstrating what we're doing. It takes a while (to establish) but once it's in place we'll really start building up the business quickly.

"We are getting very close, within a couple of years, of our first incremental cash flows. "And as we are continuing to plant at an increasing rate every year, the cashflow will continue to expand year on year from then on."

While the main thrust is on planting, the work to establish production from the older plants has also boosted the group's position and helped de-risk the future ramp-up to a larger scale operation.

Frayne says the company has a better understanding of the CPO market now, and that is reflected by the group's first international CPO sales earlier this year.

"We've been able to open things up from that point of view."

Frayne also explains that while larger facilities will ultimately be required - as the CPO production scales up as the planted crops mature – the commissioning of the current mill earlier this year was an important milestone.

As well as providing some revenues Frayne says the facility is helping reduce the project's implementation risk because the workforce is becoming better trained and more familiar with the process.

With these achievements and the solid progress with its planting campaign Equatorial Palm Oil is increasingly well positioned, and according to Frayne this is not lost on investors.
"We get enquires from investors from all over the world.
"The interest in agriculture, particularly palm oil and particularly in Africa really is enormous.
"Investors want to know who we are and what we're doing. We seem to be on a watchlist for a lot of people because I think we're positioned in an incredibly exciting sector.

"The world view on vegetable oil and palm oil is just enormous and the African palm oil story – as part of a bigger African agriculture story – is where a lot of investors appear to see a lot of potential.

"And we seem to be right in the thick of it."

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