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Palm Oil, the next big thing ! (NBPO)     

required field - 07 Jan 2008 14:43

Sorry wrong epic, this has got to be the float of the year, not in wish I was, now seems a little late.

mitzy - 06 Jan 2009 16:03 - 81 of 89

Thanks partridge I held Evans last year and sold in the sell-off its a great share.

mitzy - 07 Jan 2009 09:35 - 82 of 89

On the move today again.

mitzy - 07 Jan 2009 13:44 - 83 of 89

Up 12% on top of yesterdays 10% great.


Chart.aspx?Provider=EODIntra&Code=NBPO&S

partridge - 07 Jan 2009 16:47 - 84 of 89

Had a longer look at NBPO Mitzy and like what I see. Some parallels with MPE, although nearly 3 times the size (net cash, looks a quality business, well run and should be able to cope with the inevitable volatility in the price of palm oil). Has the advantage in the short term at least of a higher yield, albeit MPE does have property and cattle interests to spread the risk a bit. May join you in this one!

mitzy - 07 Jan 2009 18:48 - 85 of 89

Hi partridge and also REA holdings is worth mentioning..

Naked Trader bought a few today.

mitzy - 09 Jan 2009 14:26 - 86 of 89

On the move again .

mitzy - 14 Mar 2010 19:28 - 87 of 89

I dont believe it..!

gibby - 09 Oct 2014 07:41 - 88 of 89

t/o finally ;

HARRYCAT - 09 Oct 2014 08:15 - 89 of 89

StockMarketWire.com
New Britain Palm Oil (NBPO) has received formal notification from Sime Darby Plantation Sdn Bhd of its intention to make a cash offer for all the issued and to be issued shares at a price of £7.15 each.

Key Points:
§ Cash takeover offer from diversified, multinational plantation group Sime Darby

§ Full general offer to all NBPOL shareholders pursuant to PNG Takeovers Code

§ Offer values 100% of NBPOL equity at GBP 1,073 million (PGK 4,319 million)

§ Offer price of GBP 7.15 or PGK 28.79 per share represents an attractive premium to recent trading levels

§ Offer is subject to certain conditions, including a minimum acceptance condition of 51%, no material adverse change to NBPOL and certain regulatory approvals

§ In relation to Rule 27A of the Code, the PNG Prime Minister has written to Sime Darby acknowledging that Sime Darby is keen to make a general offer for NBPOL and reiterating that Sime Darby's proposed acquisition of a shareholding in NBPOL will not be contrary to PNG's national interest

§ Independent Board Committee intends to unanimously recommend that NBPOL shareholders accept the Offer, in the absence of a superior proposal and subject to the independent adviser concluding that the Offer is fair and reasonable
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