Last time
October 16th, 2019
⏰ 1 minute read
⏰ 1 minute read
Bad
There’s plenty to be negative about about our BWPT share price at the moment. Since July the price has been in almost constant decline falling from about Rp170 which already seemed very low, to yesterday an intra day low of Rp115 & right now Rp118. But as they say it’s always darkest before dawn & here’s a quick analysis to at lest shed a little light on the darkness.
Last
You might not remember, but we’ve been here before. Rp115 is not an all time low for BWPT. The all time low was Rp111 which was the closing price on the 10th of December 2015. In just a few months, our shares had fallen from Rp500. The reason then was the original FGV deal hadn’t happened & also the palm oil price had fallen to $500 or roughly the same as it is today.
Best
It wasn’t just BWPT which was weak then. All the palm oil stocks made lows in December 2015. Then the palm oil price went back up again to reach a high of $730 or about 50% gain by January 2017. The share prices followed & then declined again to their lows now. But most of the shares are now at new lows while BWPT is the best of only 3 shares with higher prices. We are the best performer since the previous low!
After
Not only are we the best performer since that previous low, what happened after that low shows we are likely to be the best during a recovery now. After our shares fell below Rp120 to Rp111 last time, they quickly rebounded into January. Then as palm oil prices went up, BWPT jumped to Rp320 by late March. That’s 2.9x in just 3 months! Watch here!
Better
While the palm oil price was the major driver of the shares performance last time & can be again, this time we are in much better shape operationally. End 2015 our 12 months fruit production was 1.4m tons. Over the next few months & into 2017 production declined to 1.3m even as the share price rose. Now our 12 month production is at 1.6m tons & should rise towards 1.8m over the next months.
Sebastian
There’s plenty to be negative about about our BWPT share price at the moment. Since July the price has been in almost constant decline falling from about Rp170 which already seemed very low, to yesterday an intra day low of Rp115 & right now Rp118. But as they say it’s always darkest before dawn & here’s a quick analysis to at lest shed a little light on the darkness.
Last
You might not remember, but we’ve been here before. Rp115 is not an all time low for BWPT. The all time low was Rp111 which was the closing price on the 10th of December 2015. In just a few months, our shares had fallen from Rp500. The reason then was the original FGV deal hadn’t happened & also the palm oil price had fallen to $500 or roughly the same as it is today.
Best
It wasn’t just BWPT which was weak then. All the palm oil stocks made lows in December 2015. Then the palm oil price went back up again to reach a high of $730 or about 50% gain by January 2017. The share prices followed & then declined again to their lows now. But most of the shares are now at new lows while BWPT is the best of only 3 shares with higher prices. We are the best performer since the previous low!
After
Not only are we the best performer since that previous low, what happened after that low shows we are likely to be the best during a recovery now. After our shares fell below Rp120 to Rp111 last time, they quickly rebounded into January. Then as palm oil prices went up, BWPT jumped to Rp320 by late March. That’s 2.9x in just 3 months! Watch here!
Better
While the palm oil price was the major driver of the shares performance last time & can be again, this time we are in much better shape operationally. End 2015 our 12 months fruit production was 1.4m tons. Over the next few months & into 2017 production declined to 1.3m even as the share price rose. Now our 12 month production is at 1.6m tons & should rise towards 1.8m over the next months.
Sebastian