New Britain Palm Oil Share Discussion Threads

[protean] 16/4/2008 19:41

I'm pretty sure a lot of people still follow newspaper tips. Market makers know this and push up tipped share prices prior to the open. Also often there is a lot more volume on the day after a share has been tipped as readers buy in. A naive strategy perhaps, but one that a large number of less seasoned investors follow.

The interesting part is the fact that the article highlights how NBPO is at an undeserved discount to compared to its peers. TMI also mentions this. They both also make reference to Kaupthing's 800p price target and the fact that there is plenty of upside potential.

Admittedly TMI has much more credence than a Mail on Sunday tip, but no harm in seeing what different people have to say especially if they present a valid argument for share price growth.

[woracle] 16/4/2008 18:04

i thought the days of following hacks tips were long gone.. Better off keeping an eye on monthly production figures on kulim web site and cpo than following a journo..

[protean] 16/4/2008 17:53

Drifted back a little since the but historically has bounced back sharply after previous falls. Excellent opportunity to top up here in my opinion.

Worth having a re-read of the tip for inspiration:

Midas verdict: New Britain shares have already risen substantially, but the stock has plenty of potential-The company is on a lower rating than its peers for little obvious reason and some brokers believe the price should rise to 800p over the next year or so. Buy.

Also worth noting that The Momentum Investor added the shares to its porfolio in the April issue around the current price. It has an excellent record of success and many of its porfolio shares go on to become multi-baggers.

[pav 1] 16/4/2008 13:01

any of you guys in mpe, this seems to be lagging a bit given palm oil price rises

[billfisher98] 11/4/2008 08:42

No probs mitzis.

[mitzis] 11/4/2008 08:39

Thanks again for your input bill.

[billfisher98] 10/4/2008 17:49

Yes looks interesting if the volume picks up again and Monday's high is taken out.

[protean] 10/4/2008 16:26

A couple of quiet, very low volume days after the big volume and sharp previous rise looks like a very good setup. Commodity prices picking up strongly again as well which should see palm oil up too.

The next surge should take us up to previous highs just beneath 600. Then perhaps a chance of moving onwards to the brokers 800p target.

[mitzis] 10/4/2008 15:12

Nice to look for a small run.

[woracle] 06/4/2008 23:10

Never ceases to amaze me how these lazy journos still can't get the most basic facts right..

"The price of palm oil has also shot up recently, from about $450 (£225) a ton late last year to about $1,200 today."

Utterly inaccurate reporting yet again..late last year ( Nov and Dec 2007 ), CPO averaged about $970/tonne..

Also "New Britain recently delivered its maiden results as a public company. These showed a 68 per cent rise in turnover to $225m in 2007, with profits up 177% to $59.2m."

They at least got the T/O figures correct but where does the 177% profit increase to $59.2m come from !

[rizzle] 06/4/2008 18:23

Here with the link to the article in the Mail

[hawks11] 06/4/2008 16:31

Yes, unable to access the article but it says the general consesus is that the share price is headed for 800p. 60% up is nice and even a divi along the way.

[bunnyola] 06/4/2008 11:41

Interesting write up in The Mail on Sunday which lists NBPO as a Buy!

[t-trader] 03/4/2008 15:20

Agree Hawks,

Im not too worried about day to day price movements. Long term this is a good hold!!!

[burlington] 03/4/2008 10:38

Here come the big boys. More than £2.75 million in hard cash.

[hawks11] 03/4/2008 08:21

I don't think the above news should have had any effect on the share price of our company which appears to operate only in Papua New Guinea so I bought more today.

[c3jns] 02/4/2008 16:29

Me to...........

[t-trader] 02/4/2008 13:35

No drop in Closing CPO price for today.



PS: So much for the inverted head & shoulders. I gave it the kiss of death!!!

[t-trader] 02/4/2008 10:59

Believe this is the reason for the sudden drop this morning:

02 Apr 2008 09:47 GMT


Malaysian shares close lower on political concerns; palm oil stocks fall -UPDATE
KUALA LUMPUR (Thomson Financial) - Malaysian shares closed lower on Wednesday amid domestic political uncertainties, with palm oil stocks leading the fall after the recent plunge in crude palm oil (CPO) prices sparked fears that earnings growth may disappoint this year.

The Kuala Lumpur Composite Index (KLCI) finished down 10.76 points or 0.9 percent at 1,239.65.

The FTSE Bursa Malaysia 30-large cap index dropped 75.42 points or 0.9 percent to 8,190.83 and the FTSE Bursa Malaysia second board index fell 42.08 points or 0.7 percent to 5,817.57.

Decliners led advancers 390 to 305, with 275 stocks unchanged and 399 untraded.

Trading volume was 696.05 million shares, valued at 1.37 billion ringgit ($425 million)

Sentiment remained jittery after the steep selloff last month, said Kenny Yee, head of OSK Research.

The KLCI tumbled 9.5 percent on March 10 after the ruling coalition suffered its worst-ever defeat in the March 8 polls, failing to maintain its two-thirds majority in parliament.

"We believe damage has already been done, with sentiment now becoming more nervous. Any emergence of buying participation will be countered by strong profit-taking, hence the heightened volatility," said Yee.

Domestic factors, such as the current political jockeying within the ruling coalition and the recent steep correction in CPO prices, have put investors on the defensive, said Ang Kok Heng, chief investment officer of Phillip Capital Management.

Former premier Mahathir Mohamad on Tuesday urged party rank-and-file to oust Prime Minister Abdullah Ahmad Badawi, saying the ruling party could be destroyed if Abdullah stays in power.

"When this sort of thing (party infighting) happens, the government's policy direction becomes unclear. The political stalemate could also affect the government's day-to-day operations as cabinet ministers become preoccupied with the conflict," said Ang.

Sentiment was also dampened by the recent sharp drop in CPO prices, said Ang. Palm oil exports have become an important source of growth for Malaysia in recent years, with CPO prices hitting record levels.

At the close of trade, palm oil stocks, which account for about 20 percent of the KLCI, were broadly lower.

Sime Darby, the world's largest oil palm grower by planted area, fell 2.7 percent to 8.90 ringgit and IOI Corp, the second largest palm oil stock on the bourse by market value, lost 1.5 percent at 6.70 ringgit.

Kuala Lumpur Kepong, which owns oil palm plantations in Malaysia and Indonesia, was flat at 15.40 ringgit while mid-sized planter Kulim dropped 2.7 percent to 7.25 ringgit.

Malaysia's top bank Maybank lost 2.4 percent at 8.25 ringgit, national power utility Tenaga was steady at 7.50 ringgit and state-run Telekom Malaysia was unchanged at 10.70 ringgit.

The Malaysian ringgit was quoted at 3.1905/1910 against the U.S. dollar. The three-month interbank rates were quoted at 3.55/58 percent and the overnight rates were at 3.48/50 percent.

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[hawks11] 02/4/2008 08:59

True to form the price is down a bit so I bought a few to start out. I held REA for a while but this is a much larger concern and with the buy note and target for £8.50 plus it seems a very good prospect for my ISA.

[login] 01/4/2008 22:19

We have today issued our clients with a buy note for nbpo with a short term target price of £8.50 - should be some heavy buying tomorrow am

[t-trader] 01/4/2008 16:39

Inverted head & shoulders virtually completed and palm oil prices back down to the 3000-3100 range from 4000+. So to hold around this level with the recent pull back in the CPO price can only be positive.

I expect a push north from here within the next few days and hopefully some upward momentum in the CPO price would assist this. IMHO

[2shiversc] 31/3/2008 21:17

many thanks melody9999, I will do some more research.

[melody9999] 28/3/2008 22:56

2 - think the longer term price rises are of more importance unless you are looking to trade nbpo, as opposed to hold for longer term. in fact you confirm that by showing 2 conflicting views - next week there will be other factors affecting the daily price. have a look at the last financials for nbpo - think they have guaranteed a sale price for po in any case.

[2shiversc] 28/3/2008 21:16

I'm pretty new to all of this so hope you don't mind me pitching in a question.

Interesting note on CPO prices. I look at the following site as a guide to likely impact on NBPO share price and note prices falling -
and they commented,
Crude palm oil price traded lower, decreased by RM221.00 to RM3,403.00, with the highest traded price at RM3,550.00. RBD palm olein traded lower by US$78.50 to US$1,228.00. Prices were traded easier due to:
Heavy long-liquidation by funds and speculative players both at CBOT soyabean and BMD CPO futures pressured market sentiments.
n Rumours of China and India would default on large quantities of earlier purchased record-high US soyabean and Malaysia / Indonesia palm oils prompted the aggressive sell-off.

By contrast in 317 above the site quotes,
Friday - March 28, 2008
CPO FUTURES
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday on profit-taking after two days of strong gains, dealers said.

They said the prices had rallied recently due to the release of positive export data of the local palm oil products by cargo surveyors and the bullish soyaoil prices amid supply concern. At the close yesterday, April 2008 fell RM66 to RM3,584 per tonne

I appreciate the latter is a Future and the former an actual but there is a marked difference in the prices and attached sentiment. Any thoughts on the likely price and impact on NBPO.