Post Reply
101-120 of 423
LOL...I kena blackeye straight 2 days...cannot tahan liao!
Among all the palm oil stocks listed in SGX, this one seems not performing well.......even with share buy-back for the last 2 months, it still keeps dropping.......so sad!
| 1 |
Date of Purchases |
01-09-2008 |
|
| 2a |
Total number of shares purchased |
400,000 |
|
| 2b |
Number of shares cancelled |
0 |
|
| 2c |
Number of shares held as treasury shares |
400,000 |
|
| 3a |
Price paid per share# or |
Currency : S$
Amount : 0.620
|
Currency : [Select Currency]
Amount :
|
| 3b |
Highest price per share# |
Currency : S$
Amount : 0.625
|
Currency : [Select Currency]
Amount :
|
| |
Lowest price per share# |
Currency : S$
Amount : 0.615
|
Currency : [Select Currency]
Amount :
|
| 4 |
Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares# |
Currency : S$
Amount : 248,524.08
|
Currency : [Select Currency]
Amount :
|
If investing long term is no good, but I am punter (gambling) here, fast in fast out!...hehehe! Cheers.
Stupidbear ( Date: 01-Sep-2008 14:43) Posted:
|
putting all eggs in one basket?
idesa168 ( Date: 01-Sep-2008 10:54) Posted:
OK, I am starting to accumulate the following counters:
1) First Resources
2) Olam
3) Indo Agr
I felt that cliamte change will push commodity pices higher. However, due to the mkt sentiment, all these counters were being pulled down. However, when the mkt stablises, I believe these commodity counters will surge...my view only!
|
|
|
|
putting all eggs in one basket?
idesa168 ( Date: 01-Sep-2008 10:54) Posted:
OK, I am starting to accumulate the following counters:
1) First Resources
2) Olam
3) Indo Agr
I felt that cliamte change will push commodity pices higher. However, due to the mkt sentiment, all these counters were being pulled down. However, when the mkt stablises, I believe these commodity counters will surge...my view only!
|
|
*&^%$...went in too early. Now kena stuck...LOL!!!
OK, I am starting to accumulate the following counters:
1) First Resources
2) Olam
3) Indo Agr
I felt that cliamte change will push commodity pices higher. However, due to the mkt sentiment, all these counters were being pulled down. However, when the mkt stablises, I believe these commodity counters will surge...my view only!
Gulf oil output at a trickle ahead of Gustav
HOUSTON - U.S. energy companies shut nearly all offshore oil production and were racing to bring down flood-prone Louisiana refineries on Sunday ahead of Hurricane Gustav's landfall, which could rival the wrath of 2005's Hurricane Katrina.
Oil is going up because of the Hurricane is coming, will this bring the palm oil share px up ?? lets see what will happen today...
It's in the oversold zone. Let's hope it rebound from there.
Buyers swelled previously due to the inflation story and commodity counters were the best bet then. However, the US economy shows signs of growth and inflation started to play down lately, I do believe the buyers will starts to become sellers and smart $$ were flowed out of the industry. Commodity counters had dropped since and corrected 30%-50% so far.
FirstRes had corrected more than 50% from high of $1.70 then. Most of the commodity counters were showing sign of rebound but not FirstRes. Wonder what is the reason behind all these. Could it be that it's waiting for the company to finish the buy-back programme before it rebound. Dun forget the BBs are also the shareholders and they definitely wants to the company to buy back the share with value/or best value and hence pressed down the counter?
Not vested, might consider to accumulate if the price begin to move, I mean move up!
1st Resources started share buy-back in early July, from $1.10 to $0.635. At current price, it looks rather attractive. Is it time to move in now?
| 1 |
Date of Purchases |
29-08-2008 |
|
| 2a |
Total number of shares purchased |
370,000 |
|
| 2b |
Number of shares cancelled |
0 |
|
| 2c |
Number of shares held as treasury shares |
370,000 |
|
| 3a |
Price paid per share# or |
Currency : S$
Amount : 0.63928
|
Currency : [Select Currency]
Amount :
|
| 3b |
Highest price per share# |
Currency : S$
Amount : 0.640
|
Currency : [Select Currency]
Amount :
|
| |
Lowest price per share# |
Currency : S$
Amount : 0.635
|
Currency : [Select Currency]
Amount :
|
| 4 |
Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares# |
Currency : S$
Amount : 237,033.45
|
Currency : [Select Currency]
Amount :
|
| 1 |
Date of Purchases |
28-08-2008 |
|
| 2a |
Total number of shares purchased |
1,200,000 |
|
| 2b |
Number of shares cancelled |
0 |
|
| 2c |
Number of shares held as treasury shares |
1,200,000 |
|
| 3a |
Price paid per share# or |
Currency : S$
Amount : 0.650
|
Currency : [Select Currency]
Amount :
|
| 3b |
Highest price per share# |
Currency : S$
Amount : 0.655
|
Currency : [Select Currency]
Amount :
|
| |
Lowest price per share# |
Currency : S$
Amount : 0.645
|
Currency : [Select Currency]
Amount :
|
| 4 |
Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares# |
Currency : S$
Amount : 781,648.34
|
Currency : [Select Currency]
Amount :
|
CD 1.4, at this price 0.86 can buy bo.........
this counter seen gd to keep long term
FIRST RESOURCES DELIVERS RECORD EARNINGS AND NET PROFIT FOR 1H2008
- Revenue rises 91.2% to Rp1,453.9 billion (S$215.5 million*)
- EBITDA up 151.5% to a record Rp881.5 billion (S$130.7million*)
- Strong growth in EBITDA margin from 46.1% in 1H2007 to 60.6% in 1H2008
- Announces interim dividend of 1.4 Singapore cents per ordinary share
Singapore, 13 August 2008 – First Resources Limited (“First Resources” or, together with its
consolidated subsidiaries, the “Group”), one of the leading oil palm plantation companies in
Indonesia, today announced a strong set of results for the first half ended 30 June 2008
(“1H2008”).
Financial Performance
For the quarter ended 30 June 2008 (“2Q2008”) and 1H2008, the Group’s income statements
included the results of PT Meridan Sejatisurya Plantation (“PT MSSP”), which effectively
became a 94%-owned subsidiary after acquisitions of additional interests in July and
December 2007. For the quarter (“2Q2007”) and first half (“1H2007”) ended 30 June 2007,
the Group only equity-accounted for PT MSSP as it was a 25%-owned associate at that time.
Furthermore, the acquisition of minority interests in PT Panca Surya Agrindo in December
2007 also resulted in a smaller proportion of results being shared with minority shareholders
in 2Q2008/1H2008 as compared to 2Q2007/1H2007.
For 1H2008, the Group posted an all-time-high revenue of Rp1,453.9 billion (S$215.5
million*), up 91.2% from 1H2007. EBITDA was also a record high of Rp881.5 billion (S$130.7
million*), an increase of 151.5% over the last corresponding period while net profit attributable
to shareholders reached Rp701.6 billion (S$104.0 million*), a 222.5% increase from 1H2007.
* Exchange rate of Rp6,746 /SGD
For 1H2008, the Group’s revenue and EBITDA were up 68.6% and 97.7% from the same
period last year. Net profit attributable to shareholders was Rp390.2 billion (S$57.9 million*),
an increase of 141.4% year-on-year.
Mr Ciliandra Fangiono, CEO of First Resources said, “We are pleased with our continued
strong performance in the second quarter, which was mainly driven by favourable crude palm
oil prices and strong production volume growth.”
In line with its good performance, the Company announced an interim dividend payment (taxexempt)
of 1.4 Singapore cents per ordinary share.
Financial Position
Due to strong cash flows from its operations, the Group’s balance sheet remains healthy
despite continued investments in plantation and fixed assets. As at 30 June 2008, the Group
has approximately Rp1,562.5 billion (S$231.6 million*) of cash and cash equivalents on hand,
and maintained a low net debt to equity** ratio of 0.08 times.
Operational Highlights
The Group delivered an impressive set of operational performance in 1H2008. Production of
fresh fruit bunches increased 17.5% over the same period last year bringing the fresh fruit
bunch yield to 10.4 tons per hectare. The strong performance was a combination of
favourable weather and the on-going maturing of the Group’s oil palm trees.
Crude palm oil (“CPO”) extraction rate, a measure of CPO extracted per unit of fresh fruit
bunch, also increased to 22.85% from 22.50% in the same period last year. Total CPO
production in 1H2008 was 149,075 tons, a 24% increase over the 120,583 tons produced in
1H2007.
Developments and Outlook
The Group is on track with its plantation expansion plans and has planted more than 5,000
hectares of new oil palms in the first half of this year. As of 30 June 2008, the Group’s total
planted area was 91,447 hectares of which 62,616 hectares are mature.
The Group’s planting programme has kept its plantation profile young. As of 30 June 2008,
32% of planted area consists of immature oil palms, indicating significant future production
growth as the trees mature and start yielding.
“Despite recent volatilities in CPO prices, the palm oil industry remains supported by
favourable fundamentals. This gives us impetus and optimism in executing our growth
strategies, in the form of new plantings and productivity gains. We will continue to invest and
capitalise on our strengths and competencies to grow the size of our plantation footprint” said
Mr Fangiono.
any idea when FR will be announcing their 1H result?
| 1 |
Date of Purchases |
24-07-2008 |
|
| 2a |
Total number of shares purchased |
200,000 |
|
| 2b |
Number of shares cancelled |
0 |
|
| 2c |
Number of shares held as treasury shares |
200,000 |
|
| 3a |
Price paid per share# or |
Currency : S$
Amount : 0.95
|
Currency : [Select Currency]
Amount :
|
| 3b |
Highest price per share# |
Currency : S$
Amount : 0.95
|
Currency : [Select Currency]
Amount :
|
| |
Lowest price per share# |
Currency : S$
Amount : 0.95
|
Currency : [Select Currency]
Amount :
|
| 4 |
Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares# |
Currency : S$
Amount : 190,401.52
|
Currency : [Select Currency]
Amount :
|
 |
By way of market acquisition |
By way of off-market acquisition on equal access scheme |
Total |
|
No. |
% 1 |
No. |
% |
No. |
% |
| Cumulative no. of shares purchased to-date 2 |
3,451,000 |
0.24 |
0 |
0 |
3,451,000 |
0.24 |
| 1 |
Date of Purchases |
16-07-2008 |
|
| 2a |
Total number of shares purchased |
1,000,000 |
|
| 2b |
Number of shares cancelled |
0 |
|
| 2c |
Number of shares held as treasury shares |
1,000,000 |
|
| 3a |
Price paid per share# or |
Currency : S$
Amount : 1.07871
|
Currency : [Select Currency]
Amount :
|
| 3b |
Highest price per share# |
Currency : S$
Amount : 1.10
|
Currency : [Select Currency]
Amount :
|
| |
Lowest price per share# |
Currency : S$
Amount : 1.06
|
Currency : [Select Currency]
Amount :
|
| 4 |
Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares# |
Currency : S$
Amount : 1,080,989.58
|
Currency : [Select Currency]
Amount :
|
|
By way of market acquisition |
By way of off-market acquisition on equal access scheme |
Total |
|
No. |
% 1 |
No. |
% |
No. |
% |
| Cumulative no. of shares purchased to-date 2 |
3,251,000 |
0.22 |
0 |
0 |
3,251,000 |
0.22 |
1 Percentage of company's issued shares excluding treasury shares as at the date of the share buy-back resolution
2 From the date on which the share buy-back mandate is obtained |
| (D) |
Number of issued shares excluding treasury shares after purchase * |
1,465,208,221 |
|
Number of treasury shares held after purchase* |
3,251,000 |
| 1 |
Date of Purchases |
03-07-2008 |
|
| 2a |
Total number of shares purchased |
1,500,000 |
|
| 2b |
Number of shares cancelled |
0 |
|
| 2c |
Number of shares held as treasury shares |
1,500,000 |
|
| 3a |
Price paid per share# or |
Currency : S$
Amount : 1.05797
|
Currency : [Select Currency]
Amount :
|
| 3b |
Highest price per share# |
Currency : S$
Amount : 1.07
|
Currency : [Select Currency]
Amount :
|
| |
Lowest price per share# |
Currency : S$
Amount : 1.05
|
Currency : [Select Currency]
Amount :
|
| 4 |
Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares# |
Currency : S$
Amount : 1,590,271.42
|
Currency : [Select Currency]
Amount :
|
DMG starts First Resources at Buy with $1.43 target, based on 13X FY08 earnings. Says palm oil producer has attractive offering profile, with weighted average age of plantings at 7 years in FY07, considered in peak production age group. 61% of its planted area is in prime category, while 11% in young category; "as these young trees mature over the next few years, FFB and CPO production will rise with minimal increases in costs or capital expenditure." Notes upstream operations like First Resources biggest beneficiaries of current favourable CPO price trends.
Likely to move up soon. yet to close the gap btx 1.30 and 1.39. Caveat emptor
