SBI sterling plantations limited
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  1. crookers
    540 Posts.
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    16/04/07
    11:23
    Post #: 2357937
    Palm oil prices have increased from $A541 when the BBY report was done in SEP 06 to current price of A$787 (45%). Based on the BBY report this sees 2008 net profit forecasts fall from A$33.4m to A$14m. I have sold out based on this and will wait to see where these prices go before re-entering. Recent oil price increase will help but not looking great IMO.
    SBI Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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