Plam oil is always like that, start plant require cash/fund/debts to build empire. Once it empire steady and cash generated machine, it will be an auto-pilot for next 18yrs. This counter will be the next shine palm oil for this year.. it's CAGR 21% compounding for next 3 yrs, now Bumitama just sit and collect money as all it palm tree is 6-7yrs now with FFB nucleus oil >24%, 107% growth vs Q1'FY13. Strongly believe this counter will start give dividents moving forward. Since CPO price is up ard ~RM2700/tan metric, I believe will share price will skyrocket this yr. Target $2.00 before end of this year 2014.
With Canada canola oil failure last summer plus weather problem in South America impacting soybean plus flood hampering ffb harvest in Malaysia the world is short of all Vege oil
A powerful bull run for palm oil should last at least till End 2022
With rise of biodisel refinery in USA palm oil prices will stay elevated longer
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
reyes430
1 posts
Posted by reyes430 > 2013-07-02 15:40 | Report Abuse
Do this company has any dividend policy?