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New Britain Palm Oil

April 2012

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.

Helped by a 30% rise in average selling prices to US$1,108 / tonne, New Britain achieved strong results in 2011 with turnover up 69% to US$780m and pretax profit rising 110% to US$275m. A lower than expected tax charge of 21% meant eps rose 134% to 141 cents (forecasts were 125.7 cents). Year-end net debt fell from US$271m to US$254m. Growth came through a 22% rise in fresh fruit bunches, while oil production rose 23.5% to 591,477 tonnes. Average yields were 25.4 tonnes / hectare (ha) up from 23.7 in 2010 while the palm product extraction rate was 28.2% (2010: 27.5%). These results were helped by favourable weather conditions for crop growth with steady rainfall but well below normal monsoon levels. The only bug bear was a rise in ...

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Dunelm

New Britain Palm Oil (October 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 - Gain to date: 153% (April 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.

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