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Rubber prices
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strongbull
Member |
10-Mar-2008 10:39
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someone like reporter keep posting rubber price. this is useless. 44.9% loss even at higher rubber price. something goes wrong with this type of company. not worth second look for this type of company at this point of time. |
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Stockking
Master |
10-Mar-2008 10:36
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Drop below 15.5 cents......the 44.9% drop in profit definitely have a negative impact! |
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Nostradamus
Supreme |
07-Mar-2008 21:54
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Rubber futures on TOCOM fell deeper into minus territory Fri afternoon amid selling induced by the yen's climb against the dollar. The benchmark, most distant Aug '08 contract traded at 297 yen per kg at 3:45 p.m. Tokyo time, down 8.1 yen from Thu, slipping below its previous lifetime low of 300.5 yen hit on Feb 29. Fell below support at 300 yen now. |
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zhuge_liang
Supreme |
06-Mar-2008 22:57
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Rubber futures on TOCOM slackened slightly Thu afternoon, trimming part of the early gains. The benchmark, most distant Aug '08 contract traded at 306.9 yen per kg at 3:45 p.m. Tokyo time, up 1.3 yen from the previous day. |
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zhuge_liang
Supreme |
05-Mar-2008 22:41
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Rubber futures on TOCOM remained under bears' selling and long liquidation Wed afternoon. The benchmark, most distant Aug '08 contract traded at 304.2 yen per kg at 3:45 p.m. Tokyo time, down 2.9 yen from the previous day. |
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Green8
Senior |
05-Mar-2008 20:16
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Fertilizer is more expensive now. |
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strongbull
Member |
05-Mar-2008 08:54
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continue to get lower. the worst is yet to come!!!!!! think again, rubber price up, company profit plunged. what type of company is that???? something goes wrong. GOOD LUCK and HOPE long long that the company will get better in the coming year. |
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Stockking
Master |
04-Mar-2008 23:11
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Like it or not, GMG profit plunged -44.9% inspite of the fact that the average selling price in FY07 is about the same as FY06!!
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zhuge_liang
Supreme |
04-Mar-2008 22:52
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How did you arrive at your unrealistically high fair values? In your dreams? Wait long long. Maybe 5 years. Maybe 10 years. You really know how to pick hidden gems. They all turned out to be fake gems. Rubber futures on TOCOM became slack Tue afternoon, shedding part of the morning gains. The benchmark, most distant Aug '08 contract traded at 308.7 yen per kg at 3:45 p.m. Tokyo time, trimming its gain from Mon to 1.8 yen. |
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strongbull
Member |
04-Mar-2008 10:22
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in your dream last year har? 0.18 in bear market!. wait long long |
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Stockking
Master |
04-Mar-2008 10:22
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"GMG looks set to reach or break $0.18."......guess this will take sometime loh...market need time to get over the -44.9% drop in profit inspite of all those good news being reported in NR price!! |
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zhuge_liang
Supreme |
03-Mar-2008 22:56
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GMG can still reach $0.18 and above if crude oil continues to set new records and today's poll of above 330 yen/kg can be reached. Any way, it reached $0.17 which is already very close to my target of $0.18. Tokyo rubber futures could rise above 320 yen per kg in Mar, moving closer to a 20-month high hit recently with the help of record-high crude oil, strong demand and tight supply in Southeast Asia. Volatility is likely to stay as rubber futures on TOCOM often track other commodities such as gold and oil, while a firm Japanese yen may prompt selling from speculators and fund managers, a Reuters poll showed on 3/3. The benchmark contract, currently Aug '08, could touch 323.8 yen by the end of Mar, within sight of 324.3 yen hit on Feb 26, its best level since Jun '06, according to the median forecasts of 10 analysts and dealers polled by Reuters. This is 9% higher than their forecast in Feb. Falling supply in Thailand, Indonesia and Malaysia, coupled with firm demand from main consumer China and tyre makers could push up Tokyo futures to 332.5 yen by the end of Apr, its loftiest level since May '80, the poll said. The Aug contract fell 0.4 yen per kg to 305.9 yen per kg on Mon at 3:45 p.m Tokyo time. "Demand from China will remain strong at least for a few years, which should support physical prices and also TOCOM prices," said Chetta Meemangkang of Agrow Enterprise. China will need to import 1.9 million tonnes of NR this year, a rise of 9%, due to an expected 15% growth in tyre manufacturing, the China Rubber Industry Association forecast. Tight supply lingered in top producer Thailand as farmers in the south, which produces around 90% of the country's 3 million tonne annual production, stopped tapping during the dry season, when rubber trees produce less latex. Rainy seasons frequently disrupted tapping in Indonesia, the world's 2nd-largest producer, while a dry season also hit Malaysia, the world's 3rd-largest producer. Looking ahead, tight supplies and steady consumer demand would offer support for Tokyo futures but movements in other commodities, especially oil as well as yen fluctuations, could also dictate movements. "It's hard to say when funds will leave as it's all part of what is taking place across all financial markets," Tokyo-based analyst Takashi Ogura said. |
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Stockking
Master |
03-Mar-2008 11:39
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"GMG looks set to reach or break $0.18."......guess this will take sometime loh...market need time to get over the -44.9% drop in profit inspite of all those good news being reported in NR price!! |
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shplayer
Elite |
02-Mar-2008 22:37
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johnsmith, Paying off debts and investment is reflected in Balance Sheet and Cashflow. It is not reflected in P&L (Income Statement), hence does not affect Profit or eps. |
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Stockking
Master |
02-Mar-2008 22:30
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The fact is GMG profit after tax plunged -44.9% inspite al those beautiful news reports on NR price!!! |
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zhuge_liang
Supreme |
02-Mar-2008 22:21
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GMG is more or less moving in tandem with NR prices. However, it wasn't able to take advantage of high NR prices. I'm sure its price now is much lower than FA people's fair vaues. |
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Stockking
Master |
02-Mar-2008 14:46
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The fact is GMG profit after tax plunged -44.9% inspite al those beautiful news reports on NR price!!! |
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johnsmith
Member |
02-Mar-2008 14:21
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Must consider where the money went to this FY- paid off EM outstanding debt, paid off new invesment, 12mil diff due to curr exchange, bad conditions esp in 1st half etc...all in all positive 2nd half if all put together... next FY will be without all the above, only tapping conditions which is normal risks for this industry- weather, politics etc. Div policy my be prudent to conserve cash, but not inducing to trade, just to offer a balance view....:P |
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shplayer
Elite |
02-Mar-2008 12:47
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FY07 results came in on the lower end of my estimate of eps 1.1 to 1.4 ct (ref my post in Hidden Gem 8 Sep 07).......this was cos I did not factor in currency fluctuations of Euros, USd and Sgd.....which adversely impacted the bottomline by about S$12m.....without which, the eps would have been in the upper band of my estimate. Div of 0.25c is pretty stingy giving a yield of 1.6%. Results were mainly impacted by performance of its main plantation in the Cameroons due to adverse weather and loss of purchases from small holders. Their new investment in Kalimantan began contribute in 4Q07. For 2008, the Kalimantan operations will contribute fully. The concern is still with the Cameroons......not only due to the weather, but the political situations as there were news recently of some unrest. Not vest at this time......Looking for entry opportunities again......caveat emptor. |
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Stockking
Master |
02-Mar-2008 11:45
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Confused investors looking at NR news over the last few months must be very very surprised why the profit can drop 44.9%!!! FA is not is simiple as reading the NR news!!! |
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