Secondary Recommendation

New Britain Palm Oil - High quality palm oil producer looks good value again

December 2009

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.

When New Britain Palm Oil, a large palm oil producer in Papua New Guinea, floated in December 2007, it created a flurry of interest with the shares soaring from their 250p placing price to a high of 618p the following May. Quite clearly, no-one could accuse its timing of being out of kilter given that it floated during the extraordinary commodities boom, which had driven up palm oil prices from less than US$500 a tonne to more than US$1,200 at the peak. After selling off violently in the crunch, prices have since recovered to just under US$700 but even at these levels investors should make considerable gains in New Britain on the basis that the company is well on the way to achieving its stated aim of doubling the size of its estate. ...

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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 - 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 (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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