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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

New Britain Palm Oil - Very strong growth expected from store expansion

July 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.

  • Epic Code:
  • NBPO
  • Price:
  • 939p
New Britain Palm Oil, which has featured as a main write-up several times in TMI, most recently at 535p in April last year, has seen mercurial share price growth to a new high of exactly 1000p on 13 June. The company has a reputation for easily exceeding market expectations but even by its high standards its recent Q1 update, which noted a 141% jump in turnover and four-fold increase in pretax profit, was a blow out. Not surprisingly, broker Peel Hunt, which had previously upgraded current year eps forecasts by 22% in March, has now raised them again and despite the recent rise in the share price, the forward PE of 12.7 is still inexpensive. Although the company's palm oil farms are based in West New Britain Province in Papua New ...

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New Britain Palm Oil (October 2012)
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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)
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New Britain Palm Oil (November 2010)
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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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