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DJ -164 (33,820)
SP -4 (4183)
NS -59 (13,902)
R2 +2 (1363)
WTI $64•19
10ytb 1•614%
Selected
Apple $139
Boeing $236
Carnival 28
Coca-Cola $54
Delta $46
Exxon $58
Fbk $326
JPMC $152
Msoft $254
Moderna $179
Tesla $694
Zoom $333
Nos:- Oil $67•09. Vix 17.
Gold $1787. Copper $4•536.
Palm $1177. Silver $26•460.
$1•395. €1•149. IDR 14,465.
MSCI(W) 2952. FF+10. DF+80
Morning all.
Rea 50 (93)
Cpo $608 ($1157)
Cif(R) $1220e
Oil $23
Gold $1722
Ftse (5958)
All (3282)
DJ (24,101)
SP (2863)
NS (8608)
R2 (1298)
$1•242
€1•147
IDR 15,300
Anglo 480
Dkl 1•91
Mpe 675
Virus UK (Day 88)
157,149 cases
21,092 deaths
Covid-19
04:30
UK 4,409,631 (127,451)*
Indonesia 1,651,794 (44,939)
* 2685 cases
* 17 deaths
• 4656 cases
• 169 deaths
Global
149•3m cases
3•1m deaths
As I no longer own any shares in REA it won't be appropriate for me to comment on the Co. However I'm told that a few investors tune in for the US closing nos, virus updates & TWTDTW, so I shall continue to post those to the end of this week.
DJ +3 (33,985)
SP -1 (4187)
NS -66 (13,960)
R2 +4 (1361)
WTI $62•89
10ytb 1•622%
Selected
Apple $135
Boeing $241
Carnival $28
Coca Cola $54
Delta $46
Exxon $56
Fbk $308
JPMC $151
Msoft $255
Moderna $183
Tesla $701
Zoom $334
Nos:- Oil $65•84. Vix 18.
Gold $1771. Copper $4•435.
Palm $1156. Silver $26•090.
$1•387. €1•149. IDR 14,497.
MSCI(W) 2952. FF +22. DF-41.
Morning all.
Noted and thanks Beza.
Have a look at Carclo instead John. Try and get some of R.E.A losses back. Good luck
Ah, the perils of companies who take on too much debt. Glad to see (tongue in cheek) that the directors' short term benefits increased by over 13% from 2019 to 2020.
I'm out. I see little point in being invested in a Co being bled dry by a Govt hell bent on their expansionistic ambitions for their biofuel program. With a crippling 34% tax is it any wonder cost of sales amounting to c.80% of revenues make it nigh on impossible for indedted plantation companies to turn a profit. Another one in the loser column of JL picks. Good luck to all those still holding.
You think they were John? I thought the opposite. Interesting to see what the market thinks of the common stock and prefs this morning.
Oh dear! Hugely underwhelming!
In a research note RHB Research said Plantation stock prices have been hit by a combination of high export taxes, downside risk to Cpo in Q2/Q3 and environmental concerns. These 3 factors have kept plantation prices from performing in tandem to booming Cpo prices.
They expect the high export levy to cap prices in Indonesia at RM2700 to RM 2800 and as share prices react more to the downside in Cpo than upward movements, they think share prices will remain flat and keep investors away from the sector.
However they have raised earnings forecasts for the stocks they cover by c.21% for this year and between 4%-10% in 2022/3. Their top picks among Malaysian stocks are KLK & IJM.
Rea 91 (60)
Cpo $603 ($1182)
Cif(R) $1340e
Oil $20
Gold $1725
Ftse (5847)
All (3220)
DJ (24,134)
SP (2878)
NS (8730)
R2 (1282)
$1•240
€1•146
IDR 15,420
Anglo 456
Dkl 1•90
Mpe 630
UK virus (day 86)
152,840 cases
20,732 deaths
Covid-19
05:00
UK 4,406,946 (127,434)*
Indonesia N/A
* 2064 cases
* 6 deaths
DJ -62 (33,982)
SP +7 (4188) R
NS +85 (14,026)
R2 +7 (1357)
WTI $62•27
10ytb 1•577
Selected
Apple $135
Boeing $241
Carnival $28
Coca Cola $54
Delta $47
Exxon $56
Fbk $303
GE $14
GM $58
JPMC $151
Msoft $262
Moderna $177
Tesla $720
Zoom $336
Nos:- Oil $65•46. Vix 18.
Gold $1780. Copper $4•460.
Palm $1173. Silver $26•200.
$1•388. €1•150. IDR 14,498.
MSCI(W) 2956. FF-7. DF+17.
Morning all.
Mrkts closed.
Virus UK (86 days)
148,377 cases
20,319 deaths
Login problems this morning hopefully resolved.
Covid 19
12:00
UK 4,404,882 (127,428)*
Indonesia 1,647,138 (44,770)•
* 3773 cases
* 43 deaths
• 14,890 cases
• 424 deaths
I hope to see evidence of a coherent strategy to make this company self-financing over the entire palm oil price cycle; it maybe is only self-financing at the peak of the cpo price cycle, I wonder, and that is the reason the share price is what it is. As a high cost producer we have more of a challenge than say MPE and AEP, I wonder?
Palmoilanalytics. com has a CIF Rotterdam price of $1,340 for Friday. I am sure this must be a fat finger error. If it isn't, it temporarily restores the CPO price upside to oil palm plantation owners, as export fiscal regime (both levy and export tax) cease to rise after $1300.
Rea 93 (60)
Cpo $637 ($1226)
Cif(R) $1190e
Oil$ 25
Gold $1728
Ftse (5752)
All (3169)
DJ (23,775)
SP (2837)
NS (8635)
R2 (1233)
$1•233
€1•142
IDR 15,445
Anglo 455
Dkl 1•85
Mpe 630
Virus (UK) 84 days.
138,078 cases
18,738 deaths
Covid-19
O5:00
UK 4,401,109 (127,385)*
Indonesia 1,632,248 (44,346)•
* 2678 cases
* 1 death
• 5436 cases
• 174 deaths
DJ +228 (34,043)
SP +45 (4180)
NS +179 (13,941)
R2 +24 (1350)
WTI $62•04
10ytb 1•564%
Selected
Apple $134
Boeing $237
Carnival $27
Coca Cola $55
Delta $46
Exxon $56
Fbk $302
GE $14
GM $57
JPMC $150
Msoft $262
Moderna $172
Tesla $730
Zoom $336
Nos:- Oil $66•12. Vix 17.
Gold $1777. Copper $4•332.
Palm $1206. Silver $26•050.
$1•388. €1•147. IDR 14,525.
MSCI(W) 2946.
Morning all.
Another excellent week for cpo prices adding $33 on the wk to close at $1206. Ytd averages c.$1046 ($697) that's 50% up on last year. Even REA managed a c.2 gain on the week perhaps a bit of nosey buying ahead of results shortly. Volume was 107,926
on the week, buys outpacing sells by c.6:1. The KLPI runs down 6% ytd.
On week 16.
Anglo +36
Dkl -0•15
Mpe +8
Prefs --•75
Have a good wk/end all.
Rea 93 (59)
Cpo $636 ($1225)
Cif(R) $1160e
Oil $22
Gold $1751
Vix 39
10ytb 0•613%
Ftse (5827)
All (3206)
DJ (23,515)
SP (2798)
NS (8498)
R2 (1214)
$1•236
€1•114
IDR 15442
Anglo 456
Dkl 1•90
Mpe 600
Virus (UK)/82 days
133,495 cases
18,100 deaths
Lockdown 35 days.
Covid-19
04:30
UK 4,398,431 (127,345)*
Indonesia 1,626,812 (44,172)•
* 2728 cases
* 18 deaths
• 6243 cases
• 165 deaths
DJ -321 (33,816)
SP -38 (4135)
NS -173 (13,762)
R2 -6 (1326)
WTI $61•80
10ytb 1•563%
Selected
Apple $132
Carnival $27
Coca Cola $55
Delta $45
Exxon $55
Fbk $298
GE $13
GM $57
JPMC $147
Msoft $257
Moderna $167
Tesla $718
Zoom $329
Nos:- Oil $65•69. Vix 19.
Gold $1787. Copper $4•289.
Palm $1225. Silver $26•220.
$1•386. €1•153. IDR 14,550.
MSCI(W) 2924. FF -25. DF +50.
Morning all.
A year ago today Rea traded at 93 the cpo $629. We know there is no correlation between the two, as since then the sp has fallen 38% and Cpo is up 94%. Perhaps other London palm stocks tell a similar story?
Anglo +38%
Dkl +137%
Mpe +22%
Nah, they seem to be doing OK. They say every dog has its day. Euripides didn't, so can REA?