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make your own assessment of the intergrity of the people who said those words......
chinese proverb....if the words can be believed, FAECES ALSO CAN BE EATEN
FrancisLim ( Date: 15-Nov-2022 12:02) Posted:
So when this Company will start its sharebuyback..
Its much publicized announcement of setting US$100 miillion to buy back share in March 2022.
Now is November, 3rd quarter result is out.
Investors and would be investors have to be careful, even the senior management made a statement in its Annual Report and Press Report, it may not carry out what it said like in this case so far since March 2022. No attempt has been made to correct its statement. |
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" GAR will also initiate a share buyback programme with an allocated amount of up to US$100 million for the year 2022. " Annual Report 2022
" GAR will also initiate a share buyback programme to further reward our shareholders, allocating up to US$100 million for year 2022. The share buyback will be conducted based on authority and limits under the Share Purchase Mandate authorised by GAR&rsquo s shareholders at the Annual Meeting."
Press Release March 1, 2022
The results is super good. Even better than other companies. Price only went up by 1.7% whereas others went up by more than 10% , i guess good chance to buy now. Winter is coming. Palm oil price might shoot due to oil shortage
So when this Company will start its sharebuyback..
Its much publicized announcement of setting US$100 miillion to buy back share in March 2022.
Now is November, 3rd quarter result is out.
Investors and would be investors have to be careful, even the senior management made a statement in its Annual Report and Press Report, it may not carry out what it said like in this case so far since March 2022. No attempt has been made to correct its statement.
Golden Agri&rsquo s Q3 earnings more than double to US$285m on higher palm oil prices
GOLDEN Agri-Resources on Monday (Nov 14) reported a 148 per cent increase in earnings to US$285 million for the third quarter ended September, from US$115 million in the corresponding period last year.
This brought earnings for the first nine months of FY2022 (9M FY2022) up 151 per cent year on year to US$675 million.
Earnings before interest, taxes, depreciation, and amortisation (Ebitda) for 9M FY2022 was 62 per cent higher at US$1.3 billion, while underlying profit grew 88 per cent to US$726 million.
The company attributed the improved performance to higher palm oil prices, with market prices for crude palm oil (CPO) rising 23 per cent in the nine-month period.
While partially offset by lower sales volume, the increase in palm oil prices drove 9M FY2022 revenue up 18 per cent to US$8.6 billion.
&ldquo Both upstream and downstream businesses performed splendidly during the nine months of 2022 with our downstream business achieving the largest Ebitda growth,&rdquo Golden Agri-Resources said in a bourse filing. As of Sep 30, its planted area stood at some 535,000 hectares, of which 503,000 were mature trees.
The company noted that palm product output grew 21 per cent in Q3, while the sales volume of its downstream business rose 34 per cent quarter on quarter after the temporary export ban was lifted.
Golden Agri-Resources said that it remains &ldquo cautious&rdquo of uncertainties affecting the market &ndash including changes in trade policies and a potential global recession &ndash but added that the outlook for the palm oil industry is expected to remain favourable.
Golden Agri-Resources posts record ebitda of US$1.34 bil for 9M2022, up 62% y-o-y
Jovi HoMon, Nov 14, 2022 &bull 05:48 PM GMT+08 &bull 3 minutes ago &bull 2 min read
The company cited higher palm oil prices partly offset by lower sales volume.
Golden Agri-Resources has posted record ebitda of US$1.34 billion ($1.84 billion) for 9M2022, 62% higher y-o-y. Net profit for the period, meanwhile, reached US$726 million, up 88% y-o-y.
For 3QFY2022 ended September, the company posted ebitda of US$532 million, up 75% y-o-y. Net profit for the period, meanwhile, grew 148% y-o-y to US$285 million.
Revenue for the quarter grew 9% y-o-y to US$3.08 billion, while revenue for 9M2022 grew 18% y-o-y to US$8.57 billion. In a Nov 14 press release, the company says this was primarily due to higher palm oil prices partly offset by lower sales volume. Crude palm oil (CPO) market prices for the nine months increased by 23% from the same period last year, averaging US$1,368 per tonne.
Compared to Dec 31, 2021, total assets grew 2% to US$9.81 billion, while total liabilities shrank 7% to US$4.38 billion over the same period.
&ldquo The palm oil industry outlook is expected to remain favourable. Global vegetable oil supply experiences slower-than-expected growth as La Nina conditions persist, resulting in drought impacting oilseeds production in South America. In Southeast Asia, high rainfalls hindered the oil palm harvesting process in certain regions, which in Malaysia was exacerbated by the continuing labour shortage,&rdquo says the company in a Nov 14 press release.
&ldquo Lingering geopolitical tensions also impacted supply. Global vegetable oil demand, on the other hand, continues to be strong. Palm oil price discount to other vegetable oils has become larger, while crude oil prices remain elevated. These conditions provide strong support to palm oil prices. Palm oil as the most productive and cheapest vegetable oil will continue to be an attractive alternative both for food and energy consumption,&rdquo adds the company.
Shares in Golden Agri-Resources closed 1 cent higher, or 3.63% up, at 28.5 cents.
Performance Update - Third Quarter 2022
1.FINANCIAL PERFORMANCE
US$&rsquo million |
Nine-month period ended |
Change |
Quarter ended |
Change |
30 Sep
2022
(9M 2022) |
30 Sep
2021
(9M 2021) |
30 Sep
2022
(3Q 2022) |
30 Sep
2021
(3Q 2021) |
| Revenue |
8,570 |
7,282 |
18% |
3,080 |
2,828 |
9% |
| Gross Profit |
2,180 |
1,690 |
29% |
811 |
629 |
29% |
| EBITDA1 |
1,340 |
828 |
62% |
532 |
305 |
75% |
| Underlying Profit2 |
726 |
386 |
88% |
319 |
140 |
127% |
| Foreign Exchange Gain3 |
55 |
8 |
600% |
14 |
15 |
-12% |
| Deferred Tax Expense3 |
-15 |
-40 |
-63% |
-16 |
-13 |
20% |
| Net Profit4 |
675 |
268 |
151% |
285 |
115 |
148% |
- Earnings before tax, non-controlling interests, interest on borrowings, depreciation and amortisation, net gain or loss from changes in fair value of biological assets, foreign exchange gain, and exceptional items
- Net profit attributable to owners of the Company, excluding net effect of net gain or loss from changes in fair value of biological assets, depreciation of bearer plants, exceptional items, foreign exchange gain, and deferred tax expense 3 Net of tax and/or non-controlling interests
4 Attributable to owners of the Company
full reports here
https://links.sgx.com/1.0.0/corporate-announcements/S1PBKXYP4A7ZW5OP/738688_GAR39-14-11-2022-Performance%20Updates%203Q22%20v6.pdf
Results should be good.
Hope can go up at least 8 to 10% !
Cheers !
CleanNGreen ( Date: 14-Nov-2022 12:46) Posted:
| Today First resources results out, shares up nearly 10%. Tonight, Golden agri results come out, how many percent increase tomorrow? |
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Normally price will maintain.
Today First resources results out, shares up nearly 10%. Tonight, Golden agri results come out, how many percent increase tomorrow?
Results on 14/11 (Mon).
CleanNGreen ( Date: 12-Nov-2022 14:13) Posted:
| Results coming out this week :) |
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Results coming out this week :)
CPO at 4398 yty.
Sold some at 0.30 two days ago & bought back at 0.28 this morning.
Think 0.29 is still a good buy as div is quite good.
Majority shareholders sold 10m Golden Agri at 29.25c/pc.
* (The decrease in Silchester International Investors LLP' s (" Silchester" ) holdings was due to a series of transactions over a series of different trading days. Details of the number of shares held before the change (shown in Item 9 of Part II) represent the shares held by Silchester' s clients as of the date before the last trading day before this disclosure threshold was triggered. )
* (Silchester International Investors LLP (" Silchester" ) acts as investment manager for certain commingled funds (our " Clients" ). In acting for our Clients, Silchester is given full discretion over their investments and is empowered to vote on their behalf. However, Silchester does not act as the Client' s custodian and therefore shares are not held in our name but in the name of each Client' s custodian bank. The change in Silchester' s holdings was due to a series of transaction over a number of different trading days.)
Only 1 trade at 0.305.
SMART good results, GAR should be good too.
Think tmr will be higher.
aragosta ( Date: 01-Nov-2022 14:43) Posted:
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Palm Oil (MYR/T) 4101.00 +5.00 (+0.12%)
With Palm Oil above 4,000 MYR/T, Golden Agri should remains very profitable ...
Now it is October 2022, when is this Company going to upkeep what it reported in the Media and Annual Report, to set aside US$100million to do share buyback to enhance the shareholders' value.
the top mngt has a long history on integrity.......
never fail to show itself again.....
just know how to makan with high wages
FrancisLim ( Date: 15-Sep-2022 11:03) Posted:
When is this Co starting its share buyback as announed on 1 March 2022 from its USD100 million shareholders fund to be set-up, to enhance shareholders' value?
Or just cheap words...as evident so far.. |
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Many of us have the same question, very disappointing.
