SBI 0.00% 1.3¢ sterling plantations limited

trading halt, page-11

  1. 31 Posts.
    Plant maintenance is minimal. Also, if you know anything about hedging supply deals for Palm Oil, you'll know that this is only possible on a short term basis - ie 2 months.

    As said before, the shares are trading at less than book value presently.
    Construction will be completed on time - then it's just a case of waiting til the PO price drops.. Just have to look at the fundamentals..

    Cash positive
    Construction on time and budget
    PO price at highest price ever - history says this will come back to earth (though how quickly noone knows)
    Minimal maintenance to keep the plant 'ticking over'

    I bought at IPO, more at 70c, and will be buying more at current levels.
 
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