New Britain Palm Oil Share Discussion Threads

[slapdash] 17/7/2008 20:44

naked trader dude says palm oil prices weakening... is that true???

Slap

[johnrxx99] 16/7/2008 11:09

err, not really. Just 300p though, I wish.

[login] 16/7/2008 11:03

£4.00 is the last outpost of support failing that it looks like oblivion

[pyglet] 11/7/2008 10:25

Got to be the lower level now - why the fall?

[t-trader] 25/6/2008 15:21

Quite high volume today compared to the norm - not sure if theres a reason behind it or people are just snapping it up because it looks cheap.

[t-trader] 25/6/2008 12:22

Thread seems pretty quiet of late.
I sold my holding at £5.82 a few weeks back because £6 didnt hold out but i got back in yesterday at £5.12. Didnt expect to see it back at this level but i cudnt resist buying back in at this price.

[grigor] 14/6/2008 13:30

Few palm oil links

[woracle] 13/6/2008 09:33

They havent got it yet ! Better not be a bidding war.

[farnesbarnes] 13/6/2008 09:22

Ramu costs an extra 25%...




LONDON (Thomson Financial) - New Britain Palm Oil Ltd. (NBPOL) raised its
cash offer for the shares which it does not already own in the capital of Ramu
Agri-Industries Ltd, valuing the company at $53 million.
The large-scale integrated industrial producer of palm oil in Australasia
also said it has revised its offer to Ramu shareholders, increasing it to 6.10
Papua New Guinean kina per Ramu share for the entire issued share capital of
Ramu that it does not already own.
On the basis of the revised offer, this would value Ramu at about $53
million which would be funded from NBPOL's existing cash resources.
The move comes after Ramu received a takeover notice from WR Carpenters
(PNG) Ltd., indicating that it will make a partial offer of 6.00 Papua New
Guinean kina in cash for up to 50 percent of Ramu's issued share capital.
Carpenters currently holds 4.05 million shares in Ramu, representing 17.2
percent of Ramu shares.
NBPOL currently has an interest in 4.68 million shares in Ramu representing
19.45 percent. NBPOL also said it believes the terms of the revised offer are
compelling for Ramu shareholders and expects to receive the support of Ramu's
key shareholders.

[rik shaw] 11/6/2008 23:00

2 big buys here today. (1.15M and 0.75M shares)

[grigor] 09/6/2008 17:46

Quote on the Port Moresby Stock Exchange

I believe the UK shares are registered in Jersey, hence the lack of stamp duty.

[woracle] 09/6/2008 13:51

As per Kulim site, NBPO production up to end of April now up 7% y-o-y. Improving trend up from 4% at Q1, but lagging AEP and REA who are up 18% and 41% y-o-y respectively so far this year.

[grigor] 09/6/2008 10:43

I managed to buy this into my etrade ISA and there was no stamp duty!

Thought I'd diversify a little from crude oil

There are very few UK market plays on the rise in soft commodities

NBPO is the pick of the palm oil shares, IMHO

Carr's Milling Industries is also going well

[gswredland] 04/6/2008 13:02

Possibly more mm's and therefore less of a spread?

[taiz] 03/6/2008 22:57

this dip may be due to Ban ki Moon trying to halt biodiesel production in favour of food production - good call.....but palm oil can be sold for both uses so nothing really for holders to be concerned about.

also did anyone notice how wide the spread was last week eg. 600 -610. Now it is trading on a 3p spread- very odd.

[t-trader] 03/6/2008 16:40

login,

Considering what exactly?
Also what do you term as a more realistic level and why?

[login] 03/6/2008 16:25

All considering Im surprised the price hasn't crashed to a more realistic level

[t-trader] 03/6/2008 15:41

Didnt expect to see this back below £6 again.
Only on low volume, so no concerns and still a strong hold for me.

[t-trader] 30/5/2008 14:13

Agree protean....only a matter of time before we take the next leg up.
£6 support is starting to look firmly in place.

[protean] 30/5/2008 12:27

Holding nicely and going sideways above £6 with very low volume after the recent sharp rise on high volume.

A nice volume build-up and the price is likely to fly if it gets above £6.20 imo.

[warala] 27/5/2008 08:15

An early mark up.Thought something was announced.Must be news about.

[warala] 26/5/2008 18:27

Looking good.

[t-trader] 26/5/2008 17:27

Palm oil may reach 4,500 ringgit

May 23 Palm oil futures in Malaysia may extend record gains this year as production slows and demand increases both for cooking and alternative fuel, said Dorab Mistry, director at Godrej International Ltd.

Prices may reach 4,500 ringgit ($1,397) a metric tonne as the peak output season ends in Indonesia and Malaysia, the biggest producers, starting September, Mistry said at a conference in Jakarta on Friday. "From September I expect the high production cycle to come to an end and palm fundamentals will tighten," he said.

"The world is faced with competition for acreage between food grains, feed grains and oilseeds. We cannot escape higher prices."

Palm oil and its main substitute soybean oil, mostly used in cooking, often move in tandem with crude as they can be converted into biofuels. About 90% of palm oil, which set a record in March, is cultivated in Indonesia and Malaysia. Oil surpassed $135 a barrel in New York on Thursday. Palm oil futures in Malaysia, the global benchmark, rose for a third week, gaining more than 2% to 3,644 ringgit a tonne at 5:43 pm. Prices of the world's most consumed vegetable oil have risen 19% since January, reaching a record 4,486 ringgit a tonne on March 4, while crude has gained 38%.

Palm oil may stay at about $1,200 a tonne if crude prices hover around $120 a barrel, said James Fry, an analyst at LMC International Ltd in London. "If in six months' time, there's no change in crude oil, I would expect palm to be similar to or slightly below where it is today because it is supported ultimately by crude oil," he said in an interview. "I don't see demand for biofuels disappearing because it is now a big industry."

[t-trader] 22/5/2008 14:38

Looks like were having fun with the share price today.
Up and down like a yoyo and yet hardly any volume traded.