Day's Range63.4 - 64
52 wk Range58.2 - 70
Dividend (Yield)1.09 (1.76%)
Average Vol. (3m)7,492
1-Year Change - 4.78%
Next Earnings DateN/A
Market is currently closed. Voting is open during market hours.
|Type||5 mins||15 mins||Hourly||Daily||Monthly|
|Technical Indicators||BUY||Strong Buy||Strong Buy||Sell||Strong Buy|
|Summary||Buy||Strong Buy||Strong Buy||Neutral||Strong Buy|
|Pattern||Timeframe||Reliability||Candles Ago||Candle Time|
|Three Outside Up||30||Current|
|Bullish Engulfing||30||2||Mar 09, 2018 10:30AM|
|Dragonfly Doji||30||3||Mar 09, 2018 10:00AM|
|Doji Star Bearish||15||3||Mar 09, 2018 10:45AM|
Sipef NV Quotes
Figuur 1 Hectares planted (blue; source: Annual Report "Ouderdomstructuur") and oil yield per plant (%of rated output, right axis; source: bursadummy.blogspot.be) both in function of plant age. Sipef has a lotof immature plants.
With the age structure of the plantations on the one hand, and the yield per age on the other,we can simulate the future production for Sipef, assuming no Capex is made in planting new palm oil trees. We do this by correlating the two data series, and applying a +1 year oﬀset onthe age of the plants for every year we want to look into the future. We ﬁnd that the eﬀect of additional yield from the (numerous) immature plants maturing is more important than the detrimental eﬀect of the declining yields of older plants, and the demolishing of +28 years plants for until 2019 (see below). Some ﬁndings:
Sipef’s real turnover (in tons) will grow 23%, until 2019, without any planting Capex!
without any planting Capex, Sipef can sustain current level of production for until 2024!With stable prices for all crops, this means Sipef’s turnover will grow 19%
“organically”, and without any growth capex until 2019.
1 The simulated 23% growth only applies for Palm oil turnover
owned by the group
. 84% of total turnover (palm ru!!er !ananas..." derives from palm oil. 82% of the palm oil a#tivities$ turnover is in turn #oming from the group$s plantations (18% rening of third-party$s #rops" as derived from the gures in the annual report on page &2. 'e #onservatively assume all other #rops have homogeneous age stru#ture and apply the 23% growth on the 82%84% se#tion of total turnover.