Member Info for JohnLewis79

Contrast REA poor performance with MPE the other London quoted stock.

5 Day -2%
1 Mnt -2%
3 Mnt -4%
Yertd -2.5%
1 Year -12%

Here's how badly low CPO prices have affected REAs share price.

5 Day +4%
1 Mnt -14%
3 Mnt -38%
Yertd - 53%
1 Year -64%

At London opening CPO $527.90.

Palm price hit a 2 month high yesterday on the Bursa Malaysia Derivatives Exch, up c.1.5% to 2093 ringgit ($501) per tonne.
The gain was attributed to Friday's surge in soyoil futures on the Chicago Board of Trade and Chinas
Dalian Commodity Exch.

Palm prices are affected by movements in related veg oils that compete in world mrkts.
This morning palm futures are c.$1 down at $525.30
and the $ IDR at 14287.50.

The Indonesian economy lost steam in falling 5% v (same period last year) due to weaker prices of key commodities, palm and coal as the global economy falls on back of Trumps intensifying trade war with China and the EU.
Indonesia could halt palm exports to the EU currently c. 18% of production (once 70%) because the EU wish to phase out palm completely by 2030. The proportion of palm used in biodiesel is 20% at present
and Indonesia hope to raise it to 30% next year and then to 50%.

Indonesia is expecting Putin to veto a 20% duty hike (up from 10%) on palm oil imports from Indonesia. Currently Russia imports c.80% of its oil palm needs from the country.
In a spirit of co-operation the two countries are hoping to double their trade to $5bn annually.
Indonesia exported c.32bn tonnes world wide last year.
Recently the EU imposed temporary duties of 8-18% on biodiesel imports.

CPO $524.40 at 10.30 (IST).

Carnage if that's not too strong a word for mrkts tumbling in London & NY on the trade war ratcheting up and Yuan $ rate being manipulated (said Trump) to 7.04 to the $ it's lowest level in 11 years.
Perhaps a dose of realisim
is pervading investors perceptions as US mrkts have largely ignored Global trade slowing, preferring to focus on the US economy.
At 1.00pm US time the Dow was off 745. The £$ rate was 1.215 and the $ rupiah rate at 14,252 well
ahead of the av 13813 for the 6 months 2019.

No REA trades since Thursday but CPO put on $6 to $526.40 as London closed. London palm shares tended lower though REA adjusted 1.5 higher to 113.5p.

Pis get frustrated if there are not 50 bargains, 100k traded a day (or more) all the while forgetting they are dealing in an asset and not a casino chip.
I have never seen it that way. I blame 'big bang' remember that back in the '80s when the large US investment banks took over the LSE and we crumbled in the face of a wall of the mighty greenback buying up all and sundry?
For sure costs were reduced
mainly for the big iis but short termisim became the main focus of investors as the trading account went from 10 days to 3 days. Good for some, bad for others.

I'm not interested in the day to day sp movements, up today, down tomorrow, blah, blah..
believing that in the long term prices will reflect the value. That is a very unfavourable viewpoint
given the short termisim view of the City. Perhaps I'm over pessimistic, but outside of having the CEOs ear on future strategy its my preferred stance and especially in palm stocks.

I'm out at just under 95 a decent return for my time here. Good luck to those holding out for a better offer.

Tovers the offer is at the 'conditional' stage subject to approval by holders who may reject the offer as undervaluing the Co. So for you if your sitting on substantial profits it may pay you to watch and wait. Either way your backstop is 95 unless holders do not receive a better offer and reject the 95 the shares will tumble. From my experience you rarely see offers above 50% of the current sp and at 30x eps
its kinda pricey viewed on that metric given Brexit uncertainties etc...as ever u pays your money...

Hope your right, I might sell in the mrkt as I want to add elsewhere and with my small stake here I can add to a bigger pot. No rush for you to decide.

oops going better!

Well done unvrkw great result!
Hope it was in a share isa!
Doubt another offer will surface
EZH was likely punted to a few others on the QT. The mrkt price does not indicate that atm...

Tover. Wait for the 'offer' document which you will receive shortly.

Lets see opening price...

Oh well made c. 20p so can't complain though it's a bit frustrating they didn't want to build the business further. I guess a bird in the hand...

.... the current CPO price weakness follows a significant increase in CPO production but there are now indications that growth in palm oil consumption and an increase in CPO/biofuels
should have a positive effect on prices in the coming months and 2019.
Any increase in the CPO price will directly flow to the group's revenue, profits and fcf.
The prospects for the group going forward are markedly better....

$526.20 at 10.30 IST.

Small lot sellers took 4 off the sp this wk (31). Brexit worries have certainly damaged the stock, down 15% and 39% over 3 and 12 months respectively absolutely the main reason for the shares falling imo.

Time will tell whether sellers were being prudent or in panic mode though to be fair the decline has been steady but relentless. No-one can be sure of the outcome should we leave deal-less and how that will
impact business and tourism.
The exchange rate is hurting your only getting €1.09 for your £ whereas a 3 months ago you got 7% more. Similar in $ terms.
Of course if your € based
it's a plus for you.

I see no reason to panic no doubt there will be an over reaction from the mrkt until things settle down.
I see several likely outcomes. i) a new deal will fail, shares and sterling fall ($ earners gain). ii) Boris gets a 'deal' of sorts (backstop removed) shares might rise but would you be a buyer?
iii) and most unlikely a delay which would in all likelihood be the end of the Govt leaving us with Corbin and crew. How damaging would that be?

I'm going for a no deal departure and am saving some cash to buy EZH if we hit the 55-60 range after all the political turmoil and a possible election.
If Boris delivers Brexit the Tories could win an election having delivered what was promised in '16.