Updates

New Britain Palm Oil - First major acquisition since float

July 2008

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.

In its first major deal since the float, New Britain Palm Oil has announced the acquisition of Ramu Agri-Industries, a company listed on Papua New Guinea's (PNG) stock exchange for US$53m. Ramu holds long-term leases over 30,000 ha of land in the Ramu Valley in PNG, of which over 4,500 ha is already productive palm oil plantations and this will take New Britain a significant step closer to its aim of doubling its plantation area within seven years. In the year ended 31 March 2007 Ramu reported a profit before tax of US$2.3m on turnover of nearly US$39m. Earlier, New Britain announced Q1 results, which showed turnover increasing 64% to almost US$83m, while pretax profit rose 106% to US$36.7m. Production increased 4% year-on-year to ...

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IG Group

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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 - High quality palm oil producer looks good value again (December 2009)

New Britain Palm Oil (September 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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