SBI 0.00% 1.3¢ sterling plantations limited

Plant maintenance is minimal. Also, if you know anything about...

  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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