R.e.a Share Discussion Threads

[nobull] 07/10/2021 15:26

Someone is keen to get out despite yesterday's ex-mill-gate price of $929! ($1,370 CIF Rotterdam)

Date Time Trade Prc Volume Buy/Sell Bid Ask Value
07-Oct-21 15:56:27 58.00 3,329 Sell* 58.00 66.00 1,931 A
07-Oct-21 15:56:19 58.00 1,395,132 Sell* 58.00 66.00 809.18k A
07-Oct-21 15:56:17 58.50 75,000 Sell* 58.00 66.00 43.88k A
07-Oct-21 15:56:15 60.00 5,000 Sell* 58.50 66.00 3,000 A
07-Oct-21 15:56:13 60.50 7,353 Sell* 60.00 66.00 4,449 A
07-Oct-21 15:56:09 63.00 5,000 Sell* 60.50 66.50 3,150 A
07-Oct-21 15:28:00 65.00 10,000 Buy* 63.00 66.50 6,500 O

[nobull] 06/10/2021 09:06

NTV, hi. Simon Thompson agrees with you about AEP, but to me, and I can be wrong (I haven't written any investment books like he has and am not as experienced as he is), it just seems to me that paying down debt here is a better way to create value than to hope Mdm Lim will be nice and pay out a decent div or create value with all that cash - she didn't bother to do any buybacks in April 2020, at the bottom of the
price cycle?). Anyway, it will be interesting to see what happens next. I shall follow both with great interest. ATB. P.S. Of course they both have very different risk ratings, so that has to be a factor too. With AEP, you at least get the luxury of a decent night's sleep!

[wigwammer] 06/10/2021 08:38

Malaysian benchmark oil price at all time highs, climbing above previous peak resistance with conviction.. hard to see how that's anything but good news for the ords, where returns are not capped in the same way the debt and prefs are.. :)

[ntv] 06/10/2021 08:19

I bought some more this morning as it seemed rude not too

[nobull] 06/10/2021 07:41

Ex-mill gate price today should be $919 plus, say, $15 sustainable premium. Assumptions: CPO $1,360 or thereabouts, CIF Rotterdam today, and I base that on front month in KL being around 5,070 ringgit this afternoon in KL. What a shocker! Only a few days ago, I thought it was impossible to breach the $1,300 level.

Witnessing extraordinary times here:



Spot gas prices in the UK went to 300p a therm yesterday, up 20% on the day, I believe.

Barry Parkin, Sustainability and Procurement Officer, from Mars Confectionery said on Radio 4, on the Today programme this morning, that the company is reducing its palm supply chain down to 10 mills over the next few years, to ensure their palm oil is deforestation-free. He claimed that previously they sourced their palm oil from 1,500 mills!

[nobull] 05/10/2021 08:17

Although we are not allowed an owner's interest in our coal mine...a sale of it surely can't fail to cause a write-back of all that unpaid loan interest written off.



With $70m EBITDA in prospect, I can't see why we need to bother refinancing the $ loan notes next year. We must be getting at least $860 at the mill gate now, if not more. CPO should be around the $1,320 mark in Rotterdam today, I wonder?

[wigwammer] 30/9/2021 15:40

Whichever one they choose to pay down, the enterprise value remains pretty much the same - but the ords value rises. Worth considering if you are a pref holder, whether or not the pref stock will go "ex" well. It has had a decent run already.

[cwa1] 30/9/2021 14:40

Pref pleaser please ;-)

[nobull] 30/9/2021 14:01

Yes, must be over $1,300 CIF Rotterdam today. I am shocked. It will be interesting to see which debt they choose to pay down - the most expensive, the shortest maturity, or do a pref-pleaser and pay down the unnecessary interest free stuff.

[wigwammer] 30/9/2021 09:00

Malaysian benchmark palm oil price rises to new all time record :)

[nobull] 29/9/2021 10:18

October reference price has gone up slightly but, get this: it leaves export levy and and export tax UNCHANGED! Another month of decent profits in prospect, what with ex-mill-gate price on Monday of about $834 ($1,275 CIF Rotterdam), excluding any premium for "sustainably produced".

Evans Pritchard (Telegraph columnist) thinks gas prices have peaked, despite the gas price curve being in contango into Q1 2022. He cites high prices as being a great destroyer of demand and is skeptical of Goldman Sachs' forecast of oil prices hitting $90 a barrel (GS believe there will be switching from gas to oil to make electricity?).

He cites high prices as being the best remedy for high prices!

What this means for coal I don't know, but I am sure there will be a sharp correction down soon - yes, China is probably the biggest cause of coal prices going mad, so it is essential our CEO follows through on the intention to get out of coal now, the peak time.

Coconut oil seems to be doing well, the main competitor of palm kernel oil.

hxxps://palmoilanalytics.com/indonesia-crude-refined-and-acid-export-and-levy-payable-for-october-shipment/

[wigwammer] 28/9/2021 08:19

Well, at least most of that appears positive! Key thing to remember here is the risk is significant, but at least with the ords the return is uncapped ie. with the high risk comes the potential for commensurate high reward. I look at the long term chart and how far the ords have derated - fingers crossed the stars will align again. ATB

[wigwammer] 22/9/2021 07:22

Malaysian benchmark price averaging around 10% above H1 in H2. Given roughly $160m annualised sales run rate in half 1, and high gross margin likely on incremental price increase, should bode well for cash generation in H2. ATB

[cwa1] 08/9/2021 06:15

Outlook



The group's return to profit in the first six months of 2021 is encouraging and if, as is normal, crops are weighted to the second half of the year and current CPO and CPKO prices are maintained for the rest of the year, the group can expect that revenues for the second half of 2021 will exceed those of the first half.



Current coal prices offer the prospect of a significant near term recovery of the group's coal related loans to IPA and, if quarrying of the stone concession owned by ATP can be successfully initiated, this will further augment the group's cash flow.



The above favourable combination of circumstances provides an opportunity to place the group's finances on a firmer footing and, if, as the group expects, CPO and CPKO prices remain at remunerative levels, the group can look forward to a period of prosperity.

[blueball] 09/12/2020 16:59

More Evil today.

[texaschaser] 08/12/2020 10:50

drip drip drip

[nick rubens] 07/12/2020 15:05

Todays RNS seems to put a bit of a dampener on CPO prices for REA Hldgs. The higher the CPO price the higher the levy in percentage terms.

Not sure how much this has changed/increased from the prior years.

[ntv] 01/12/2020 09:02

Placing then!!!

[blueball] 27/11/2020 14:40

British Bulls says Buy.

[ntv] 27/11/2020 11:57

????? bid??? or refinancing??????

[trewsa] 26/11/2020 19:04

Gone nowhere since May.....website down....

[cwa1] 10/11/2020 07:58

Not sure how much of a read across there is for the companies directly but the CPO data is interesting at least:-



Dekel Agri-Vision Plc, the West African focused agriculture company, is pleased to report a production update for its 100%-owned, vertically integrated palm oil project at Ayenouan in Côte d'Ivoire for October 2020. Crude palm oil ('CPO') produced and sale prices achieved at Ayenouan in October 2020 increased 19% and 28% to 1,818 tonnes and €636 per tonne respectively compared to 1,528 tonnes and €495 per tonne in October 2019. The excellent October 2020 numbers build on a strong Q3 2020 performance compared to last year and as a result, keep the Company on track to post a material second half improvement compared to H2 2019.