Updates

New Britain Palm Oil

September 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.

While the recent fall in palm oil prices has cast a pall over the sector, New Britain Palm Oil has nevertheless produced record interim results. For the six months ended 30 June revenues increased 67% to US$176m, while pretax profit excluding biological assets rose 93% to US$68m. Eps were ahead 64% to 35.3 cents. Meanwhile strong cash flow, along with the proceeds from the float, meant cash balances rose from U$12m to almost US$145m. During the first half New Britain's estates, which are primarily based in Papua New Guinea, produced 667,000 fresh fruit bunches of palm oil and with its extraction rate rising 0.5% to 23.1% that meant a net yield of 168,082 tonnes of crude palm oil and almost 14,000 tonnes of palm kernel oil. Crude p ...

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

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

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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 - 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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