Updates

New Britain Palm Oil - Gain to date: 153%

April 2011

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Record palm oil prices helped New Britain beat forecasts with pretax profit up 48% to US$126m against expectations of US$115m for the year to 31 December. Underlying eps rose 44% to 60.2 cents. Cash generation was also strong with EBITDA increasing 57% to US$179.4m. Borrowings increased from US$56.8m to US$281m, primarily reflecting the transformational US$175m acquisition of KPOL (formerly CTP), while the group has since refinanced this, entering into a five-year facility of US$240m with an Asian bank. Gearing (net debt to equity) is a comfortable 39%.During the year, the group increased production of crude palm oil (CPO) by 32% to 479,000 tonnes, including an eight-month contribution of 107,000 tonnes from KPOL. Average CPO sell ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Dunelm

NCC

New Britain Palm Oil (October 2012)

New Britain Palm Oil (April 2012)

New Britain Palm Oil - Shares oversold on 2012 PE of 8.6 (November 2011)

New Britain Palm Oil - Explosive growth from PNG palm oil grower (August 2011)

New Britain Palm Oil - Very strong growth expected from store expansion (July 2011)

New Britain Palm Oil (November 2010)

New Britain Palm Oil - Acquisition transforms prospects for palm oil producer (April 2010)

New Britain Palm Oil - High quality palm oil producer looks good value again (December 2009)

New Britain Palm Oil (September 2008)

New Britain Palm Oil - First major acquisition since float (July 2008)

New Britain Palm Oil - Broker initiates coverage with 800p price target (April 2008)

New Britain Palm Oil - Exciting new issue in red-hot palm oil sector (February 2008)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X