Share Name Share Symbol Market Type Share ISIN Share Description
Equatorial Palm Oil Plc LSE:PAL London Ordinary Share GB00B2QBNL29 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.325 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.30 0.35 0.325 0.325 0.325
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 0.14 -12.31 -3.42 1
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.325 GBX

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Date Time Title Posts
26/6/202007:51Who in their right mind would buy this stock (EPO)?15
20/12/201909:47Equatorial Palm oil, with Charts (Moderated)873
12/12/201915:07Palladium: Charts & Discussion265
17/11/201714:23PALM READING ....WILL IT MAKE ME RICH ?34
06/7/201312:33Know Your Management81

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Trade Time Trade Price Trade Size Trade Value Trade Type
2020-07-13 10:09:170.30312,500937.50O
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Equatorial Palm Oil Daily Update: Equatorial Palm Oil Plc is listed in the Food Producers sector of the London Stock Exchange with ticker PAL. The last closing price for Equatorial Palm Oil was 0.33p.
Equatorial Palm Oil Plc has a 4 week average price of 0.33p and a 12 week average price of 0.33p.
The 1 year high share price is 2.10p while the 1 year low share price is currently 0.33p.
There are currently 356,277,502 shares in issue and the average daily traded volume is 312,500 shares. The market capitalisation of Equatorial Palm Oil Plc is £1,157,901.88.
troublingtimes: I think if you look at Mirabaud's number you will find some problems. For example, Mirabaud's report suggests plantings produce in year 3. It is true you get a few bunches but your hectare is not break even until year 4 and only profitable in year 5. You replant at maybe year 20. They take a theoretical npv per hectare value and multiple it by all the possible hectares that can be planted. Somehow they forget that you are not even half planted until 10 years from now so we need to discount that again. If you do that, you probably wipe out more than half the business valuation - and after debt you are left below the current share price (not counting the above factors). On top of all this, the actual asset is held in a jv. Will any money pass up from the JV to the listed company and then out as dividends? With all this, maybe 1p-2p per share might be fair ... but will you actually get any money out of the company?
mudbath: Nice chart though jovi1. Those who invested over recent months should be comfortable with their holdings. Although upward movements in the PAL share price tend to be erratic,we do keep seeing good occasional buying.
mudbath: Adverse press comment over recent days might well serve to temporarily affect the PAL share price,possibly significantly so.The "scare stories" contain nothing new however;they have just been deemed newsworthy,with Nutella, possibly unfairly,singled out for special attention. Palm oil is the most consumed vegetable oil on the planet, appearing in just under half of all packaged products found in supermarkets. It is the most efficient source of vegetable oil and its use is expanding rapidly – which is a threat to habitats in tropical rainforests, where it grows. The fears that palm oil cause cancer are due to compounds called glycidyl fatty acide esters (GE), that are produced when palm oil is heated above 200 degrees celsius. The oil is heated above this temperature during the processing of many foods, but Nutella has received the bulk of negative press. Demand for palm oil is skyrocketing worldwide. The recent spike in use by the US snack food industry is due in large part to Palm Oil being used as a replacement for controversial trans fats.One might draw the conclusion that the strong upward trend in consumption will continue . Possibly any significant short term weakness in the share price will present an opportunity.
mudbath: Based on projected Palm Oil production figures,Equatorial Palm Oil could prove to be a very rewarding if medium term investment opportunity. "Equatorial Palm oil is excited to be in the position of having a significant land development for palm oil in Liberia. The company has an enviable total land position of 169,000 hectares of which 89,000 hectares were acquired through concession agreements with the Liberian government and the remainder through an earlier stage memorandum of intent with an internal Liberian group." "Their 50 to 100,000 hectares of land will be producing 250-500,000 tonnes of palm oil in a few years. After that, the projection for production for 5, 10, 15 and 20 years down the road will grow exponentially." Whilst production ramps up and the 60 metric tonne per hour milling facility is constructed at the Palm Bay Estate,we should benefit from a positive news flow from the company. In the meantime their are several opportunities for potentially share price stimulating corporate maneuverings,given the substantial 50% involvement of KLK Agro Plantations Pte Ltd ("KLK Agro"), a wholly owned subsidiary of Kuala Lumpur Kepong Berhad ("KLK"),with its £4 billion market cap. Interesting ! (imo)
mudbath: According to MIRABAUD,the international banking and financial group,planted hectare valuations put EPO in bargain territory, on a roughly 50% discount to all peer groups How Equatorial Palm Oil and the palm oil industry are revitalising Liberia.
casablanca4: > beeezz Thanks for news link. Very interesting. Just did a search on site, see few recent links. Obviously important that epo resolves dispute for share price to advance. Welcome upward move today. GLA who still hold..
gizmondouk: So what do we think the share price will be at the end of November - the good news will confirmed early next week.
w1ndjammer: JURISDICTION 15 October 2013 Equatorial Palm Oil PLC ("EPO" or the "Company") Statement re Share Price Movement Equatorial Palm Oil PLC (AIM: PAL.L) notes the recent rise in the Company's share price and can confirm that it is in early stage discussions with Kuala Lumpur Kepong Berhad ("KLK") regarding the funding of EPO's joint venture, Liberian Palm Developments Limited ("LPD"), which may or may not lead to an offer of funding for LPD and which may or may not include an offer for all or part of the Company. LPD is a joint venture with Biopalm Energy Limited ("Biopalm"). The board of EPO would like to emphasise that these discussions are still openand there can be no certainty that any offer for EPO will be made, nor as to the terms of any such offer should one be forthcoming, nor can there be any certainty that any funding will be provided by KLK as a result of these discussions. This announcement does not amount to a firm intention to make an offer under Rule 2.7 of the City Code on Takeovers and Mergers (the "Code"). In accordance with Rule 2.6(a) of the Code, KLK must, by not later than 5.00 p.m. on 12 November 2013, being the 28th day following the date of this announcement, either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Takeover Panel, in accordance with Rule 2.6(c) of the Code. Pursuant to Rule 2.10 of the Code the Company confirms that there are 200,509,854 ordinary shares of 1p in issue with International Securities Identification Number GB00B2QBNL29. As a consequence of this announcement, an 'Offer Period' has now commenced in respect of the Company in accordance with the rules of the Code and the attention of shareholders is drawn to the disclosure requirements of Rule 8 of the Code, which are summarised below. A further announcement will be made as and when appropriate.
drewz: Seriously undervalued: Liberia is a society in transition, from post conflict to growth and development. Sovereign risk has reduced considerably with the peaceful passing of the late 2011 elections, and the government has set a goal of turning Liberia into a middle income nation by 2020. Sovereign risk and planting rate, these are the two principal drivers of our valuation model for this project. If the Johnson-Sirleaf administration can firmly set Liberia on course to achieving the 2020 goals of Liberia Rising, then the discount rate for Liberian projects will fall to the lower end of our risk model – 10%, with significant positive implications for the value of Liberian assets. Assuming that management can get within 90% of their ambitious planting targets, then the Joint Venture could enter the next decade with more than 60,000 ha planted over its concessions and a further 19,000ha of out grower plantations. Our financial model suggests that this would enable the Joint Venture to achieve pretax profits in the region of $16m - $17m in 2020 rising to $149m by 2025. There is much that could happen to frustrate this happy outlook, but what is not in doubt is that the company has established already the cornerstones for a successful oil palm plantation company. The implied equity value for EPO's 50% share of the JV out turns on our financial model at either £96.1m [discount rate of 12.5%] or £75.9m [discount rate 13.5%]. Translated into an implied share price, these calculations suggest 63.8p or 50.4p on an undiluted basis, or 61.1p and 48.3p on a fully diluted basis. Even using a 15% discount rate with 0.5% growth rate in perpetuity produces an implied share price of 35.0p on an undiluted basis, or 33.6p on a fully diluted basis, which compares with a market price of 11p.
serious: interactive investor fiona bond 05/03/10 12:31 Palm oil is a controversial subject for investors as the prospect of decent returns from this fast-growing area is offset by environmental concerns. The soft commodity has found itself at the heart of a raging controversy surrounding everything from the destruction of rainforests to the possible extinction of orangutans, but with demand set to soar its lure shows no signs of dwindling. A staggering one-in-10 products on the supermarket shelf now contain palm oil - a fact too attractive for investors to ignore. A host of recent flotations has made this market easier than ever to access. Equatorial Palm Oil (PAL) became the latest company to join the bright lights of London listings last week after raising £6.5 million for its palm oil operations in Liberia, West Africa. The newly AIM-listed company follows hot on the heels of Asian Plantations (PALM), which joined AIM in November, and New Britain Palm Oil (NBPO) which floated in December 2007. It now sits among the ranks of REA Holdings, MP Evans (MPE), Anglo-Eastern Plantations (AEP) and Narborough Plantations (NBP) which have notched up average gains of over 110% in share price over the past five years. However, 7,000 miles away the wild-life rich forests of South East Asia, most notably Indonesia, are being mowed down to make way for palm-oil plantations. UK secretary of state for environment, food and rural affairs, Hilary Benn, estimated that between 1990 and 2005, Indonesia lost 28 million hectares of forest and in under 50 years the country has gone from being 82% forest to just 49%. Today, 30sqm are felled on a daily basis as the country scrambles to provide the world with the cheapest cooking oil available. Greenpeace has slammed production methods for releasing "vast amount of greenhouse gases into the atmosphere, accelerating climate change". While Indonesia's peatlands represent just 0.1% of the Earth's land mass, they contribute a substantial 4% of global emissions. Yet the controversy fails to deter investors. Alex Martinos, analyst at Mirabaud Securities, commented: "Global palm oil consumption has surged in recent decades, driven both by growing demand for cooking oils from Asian economies, and also by increased usage in the west, where it is seen as a healthier alternative to hydrogenated fats in food products. In addition, palm oil biodiesel represents a major new potential growth area." One of the better known UK-listed companies, New Britain Palm Oil, has seen its shares rocket since the start of 2009 and have already increased by over 20% since the start of this year. Testament to its growing presence, the FTSE 250 company recently snapped up an 80% stake in CTP, a Papau New Guinea plantations group, for $175 million - crucially adding over 160,000 metric tonnes of new production in 2011. Tom Plinston, analyst at Collins Stewart, said: "We raise our 2010 revenue forecasts from $320 million to $409 million. We have raised our group target price to 611p implying 25% upside with the new asset adding 119p to the group, whilst the reduced planting programme lowers the long term value of existing assets." In April the company will unveil a new refinery in Liverpool, England, which has already struck a supply deal with United Biscuits. From biscuits to bread, it is estimated that a growing number of goods are reliant upon the oil. The oil is remarkably efficient - producing an annual yield of 3.5 to four tonnes a hectare compared with just an average 0.5 tonnes for rapseed or soy. For businesses, its attraction comes in the form of a much more purse-friendly price tag than its aforementioned counterparts. John Beaumont, analyst at Matrix Group, said: "Palm oil proves very efficient compared to other oil crops. In a world where we are still trying to feed umpteen people, it makes much more sense to tap into an efficient source. "The other straightforward attraction for businesses is that growing demand will call for increasing prices. There are only a set number of growers globally which makes this business very profitable." GreenPeace now estimates that demand for palm oil will double by 2020 and triple by 2050. The question of sustainability Beaumont believes the success of companies will rely not upon their abandoning of palm oil, but on their ability to produce it sustainably. Just recently, Anglo-Dutch group Unilever (ULVR) bowed out of acquiring palm oil from Indonesian supplier Duta Palma amid growing fears of rainforest destruction. The decision comes just months after the FTSE 100 group suspended a $33 million supply contract with producer PT Smart. The consumer goods giant currently buys 1.4 million tonnes of palm oil annually - 3% of the total global supply of palm oil. However, a spokesman confirmed the group's committment to buying 100% certified sustainable palm oil by 2015. This is where the likes of New Britain Palm Oil have done their homework. "New Britain Palm Oil has done so well because all of its fields are sustainable. With the new refinery about to open, it will be able to trace its oil all the way along the supply chain. This makes an excellent selling point and appeals to investors both from a financial and environmental sense," said Beaumont. Recognising the growing concerns, an organisation by the name of Roundtable on Sustainable Palm Oil was launched in 2004 in an effort to stave off unethical practices and cites the likes the Cadbury and Tesco as members. However, Greenpeace has slammed the organisation for failing to be far-reaching. "As it currently stands, even though member companies are paying lip-service to forest and peatland protection, the reality is very different. The existing standards developed by the RSPO will not prevent forest and peatland destruction, and a number of RSPO members are taking no steps to avoid the worst practices of the palm oil industry. Greenpeace has called for a moratorium on converting forest and peatland into oil palm plantations to allow long-term solutions to be developed and is urging supermarkets and food companies to cease trading with palm oil suppliers involved in environmental destruction. African appeal But while South East Asia comes under attack amid fears of growing controversy and finite supply, West Africa is shaping up to be an attractive alternative. The plant originated in tropical West Africa but political instability and more lucrative base metal opportunities have hindered the industry from fulfilling its full potential. Martinos said: "As Indonesia and Malaysia run short of new land suitable for palm oil plantations, major producers are likely to look for other areas suitable for development. One such region is West Africa - originally the home of the oil palm. Equatorial Palm Oil has established a huge land bank for development in Liberia, and has raised funds to re-activate existing plantations and begin expansion. "Equatorial Palm Oil is still at a very early stage, but it has established a strong land position in an exciting new region for palm oil development, and offers very significant long-term growth potential." The company's chairman Michael Frayne agrees that interest in the region is on the up.
Equatorial Palm Oil share price data is direct from the London Stock Exchange
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