Member Info for JohnLewis79

London open: CPO $559.50.

Artemis were the 4th largest substantial holder of REA stock with 3,564m
shares (8.8%) in 2018, no
change from 2017.

Ahead of the Monday Bank holiday, London called 43 better on back of steadier US mrkts (no news is good news) and Asia all blue despite rising tensions between Japan and S.Korea on an intelligence sharing deal being pulled by Japan.

Previously Japan had demoted S.Korea from "favoured status" country.

Mind you if they could not place the shares and have left their brokers to "get rid" were in big trouble.

New research led by a team from the University of York has found that connected areas of high quality forest running through sustainable palm plantations could help support increased levels of biodiversity.

Species such as orangutans, birds and insects would be protected as its critical that they are able to move freely through the habitat, so coming up with new ways to conserve biodiversity within agri landscapes is of critical importance as demand for cropland is set to increase in the years ahead.
There is a pressing need to restore previously forested habitats as there is widespread fragmentation of forests in Indonesia and Malaya.

They also reiterate that switching to alternative sources of veg oils wouldn't enable producers to provide enough oil for the world's growing population and has the potential to do even more damage.
Plantation Co's could start to reforest 'set aside' patches within plantations and the researchers conclude that the lowlands of Borneo would be 16% better connected for forest species.

My guess is they have been placed shifting that quantity could be a long process if done through the usual routes and demand is not there imo.

Nothing doing on REA stock with a paltry 153 traded and an ii (Artemis) reducing. Stock closed uc at 137.5. Others MPE -5, AEP-2, DKL & EPA static.
CP0 had a good day up $8 to 557 (high for the session $559).

London open: CPO $554.10.

A weak openning is called in London (-14) on the ftse as Asian bourses are all showing red as Japan's manufacturing industry fell for the 4th consec month.
US stocks were better pulling back losses seen yesterday. The Dow up 240 (26204) and the 500 added 24 (2924).

Crude $60.03, Gold $1510 £$ 1.21 £€ 1.09.

Early CPO price $555.90.

Who owns Indonesia's palm oil plantations. Latest available figs reported:

* State owned 7%
* Small holder 40%
* Private Co 53%

Here are some of the advantages of palm oil.

* big profit margins.
* simple to produce.
* low cost (Indonesia has the lowest production cost of any country)
* increasing demand.
* higher productivity than other edible oils.
* less acreage used.
* biofuels expected to increase significantly at the expense of gasoline.

Some drawbacks:

* Anti palm oil lobby.
* more awareness needed of environmental issues.
* Land disputes.
* lack of legal / regulatory laws on land ownership
* Deforestation moratorium not being observed (Greenpeace).

Malaysia which exports c.80% of its palm oil production is set to overtake Indonesia in exports to India thanks to favourable import duties.

Currently in H1 Malaysia exported 2.14mt (Indonesia 2.13mt) to India. Indonesia in a F/Y exports c.6mt to India.

In other news Indonesia is joining Malaysia in removing anti palm oil products from the shelves of grocery stores. Legal action will be taken if the stores cont to stock those products. This is just a part of the fight back against discriminatory actions by some developed countries.

Quiet day only movers were MPE +4 & AEP down 13.
CPO advanced $9 to $549.30 just off days high $550.70.

On a year view thats 'cheapish' imo. If you were to add at least you would be averaging UP on an appreciating asset and not the other way round, which 90% of pis do, myself included!

London open: CPO $543.80.

Palm Oil production.
IND c.42mt
MAL c.21mt

Exports.
IND c.30mt
MAL c.18mt.

Domestic demand.
IND c.13mt
MAL c.4mt.

Output % exported
IND c.70
MAL c.84

REA will not be immune to the lower selling prices for CPO/ CPKO & Coal during H1 2019.
Average selling prices for CPO in H1(2018) was $549 ($622) and CPKO $977 ($1290).
The IDR/$ rate 13813 and the $£ rate 1.37. Losses are unlikely to be made up by increased production in H1 2019 but by F/Y the nos should be considerably better all things being equal.

PAnglo Eastern posted a huge drop in H/Y profits (lower rubber/palm selling prices) for its estates in Indonesia and Malaysia.

The Co reported a $ 1.6m pre tax profit ($22.0m) on revs down by 27% to $97.9m ($133.3m) with gross margins falling to just 5% from 19%.
FFB production fell from 477.4mt to 470.3mt though the Co expect volumes to increase on subdued CPO prices in H2.

KL-Kepong one of the bigest palm Co in Malaysia posted a steep drop in profit after booking a huge loss on an estate in Liberia.
Its Q3 net profit fell 65% to RM 48.6m (RM 140.Om)
on 14% lower revenues and warned F/Y nos in Sept will be hit due to the depressed CPO & PK prices.
They have closed the Liberian estate as its no longer feasible to cont activities in the area and have booked an impairment loss of RM 145.3m in Q3.

Early opening CPO price $541.20.

Pretty much a nothing day just one 10k buy at 137.50
with other palms mixed, MPE -14, AEP +5, DKL u/c EPA +0.05 & REA +2.5.

REA
Nos

5 Day +4%
1 Mnth +43%
Ytd -44%
52wk -55%

CPO $539.50.
IDR 14260.