Why want to bother about Dick3. He is just same las small fry UNCLE. The drop in price maybe due to 8% reduction in CPO production. Base on June closing of CPO price at 5088, if my calculation is correct, UP forward contract < 1yr is around 4100, >1yr is close to 4800. I will collect if drop below 13.
As long as price is above RM3000, the dividend yield will be good. Furthermore, couple with severe drought in Northern hemisphere and La Nina in South America again, the price should not drop a lot even next year is recession.
supersinginvestor, many moons ago you told everyone your are super rich Unker wor. Why became small fry now ar? Oh, don't worry about cost la, fertilizer price may drop in 6 months time. It is now piling up in South America port, look like no takers now.
Unker, I thought you wanted to disappear from this forum. Why are you here ar? When you promote UP kaw kaw, it drop, why ar? (because you wanted to sell) When you condemn kaw kaw, It went up, Why ar?(because you wanted to collect) Unker joker, go somewhere else to goreng lah, you trick won't work here wor. Wakakaka
Unker, I thought you always tell ppl your are long term investor wor, you always ask ppl to buy and hold wor!!!!! Wakakakakakakaka. Looks like you're just goreng kaki. Wakakakaka. Please leave this forum la.
Pinky, did CPO has many model or different brand or car has derivatives???? Don't compare apple to durian. Of course dividend is one of the reason we invest in this company. Do you think FY 2022 dividend growth with be the same as FY 2021? Don't you think If they manage their hedging better, we can get more dividend this year and FY2023?
Aiyoyo, Pinky, angry oledi lo until compare apple with durian ar. Is producing and selling palm oil same as selling car or house??? If we said their finance dept. is shitty, we must provide facts and discuss ma. That's not complain wor. Forum is for discussion ma. Good points on the company by now everyone also know but weakness.... or we prefer 'sky is the limit talk'.
somo 1, by Q3 last year, everyone in the oil seed industry already know La Lina already hit South America again. Canada rapeseed is tight. Malaysia CPO selling at US 1079 in July 2021. All these info are easily accessible. I just cannot believe they just went ahead to hedge the 7-12months, above 12 months production in such a large quantity as compare to 2020. I just have the impression that UP think excellent in operation is good enough but just don't care about maximizing the profit by financial means. OR maybe some hanky panky in their forward selling.
Pinky, Lyo82 what you said is correct because I bought it for the same reasons. I do not expect them to have a an ASP of 5k like other companies. But forward contract for 12 month and above for this year is really a mistake. Last year it's only 5.6k whereas this year is 62K. It's that what you call consistency nad stability? As for 6 to 12 mths hedging, last year was only 10k, this year is 58k. That is why I'm saying they are getting too complacent n did not do their job properly.
Oh, now someone just realized it's a forum woh!!!! Cannot do personal attacking woh, also cannot discuss about weakness of the company woh!!!!! Discussion will be regard as complaining wor........ Please go and check with admin lo, see got this type of rules or not ma?
Aiyoyo, long term investor cannot discuss about the company's hedging method meh? It's not complaining, It's about facts. Their method works during down cycle, but don't you think the management need to make some adjustment on their hedging method during up cycle.
You long term one ar? Long term see candle one ar?
Most likely it will affect the 2022 Q1 result. You can look at 2021 1Q!, it's the same issue. It's just that it will be more this Q. They become too complacent and are actually sleeping on their job, even without the war. If i'm not wrong La Nina warning started in end May, that's why I do not understand why they go and pre sell their 2022 production so much. Also Argentina and South Brazil soybeans already sound alarm very early in end August but they go and pre sell the 2023 production so much at such a low price. Really disappointed with their forward selling management.