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Sipef NV (SIFB.BR)

SIFB.BR on Brussels Stock Exchange

62.80EUR
27 Mar 2017
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€67.99
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€46.90

Latest Key Developments (Source: Significant Developments)

Sipef announces potential acquisition of PT Dendy Marker
Tuesday, 21 Feb 2017 01:57am EST 

Sipef NV : Signed a heads of agreement with pt agro investama gemilang (AIG) relating to the acquisition of 95 pct of the shares of pt dendy marker indah lestari (DMIL) for a consideration of $53,105,000 . Board will propose to refinance investment in PT Agro Muko and in DMIL by combination of capital increase for an amount up to $97,200,000 and a long-term bank loan for remaining amount . Capital increase for an amount up to $97,200,000 to be with preferential subscription rights for the current shareholders .Regarding acquisition of 47.71 pct in Agro Muko in Dec 2016, co received clearance from "capital investment coordinating board" for acquisition of stakes from PT Austindo Nusantara Jaya TBK and M.P. Evans Group Plc.  Full Article

Sipef FY revenue up 18.2$ to $267 million
Thursday, 16 Feb 2017 02:45am EST 

Sipef NV : Fy net result, share of the group, amounted to KUSD 39 874, or 113.1 pct up on 2015 . Fy operating income $47.5 million versus $21.5 million year ago . Proposal for the distribution of a gross dividend of 1.25 euro ($1.33) per share, in line with the payout ratio of previous years . Fy free cash flow of $13.3 million . Q4 palm oil production 86,783 tonnes versus 77,307 tonnes year ago . Fy revenue $267.0 million versus $225.9 million year ago . 41 pct of our expected palm oil volumes for 2017 were sold at higher prices compared to 2016 . Positive palm oil production trend is generally expected to persist throughout the entire first quarter. . Wintering at the rubber plantations at this time of year offers a varied picture of rubber volumes over the next few months . For the time being banana production volumes still fall short of expectations, but are expected to recover towards the end of the first quarter. . It is expected that somewhere during second semester of 2017 we will see a very strong production recovery with high yields .Expects that there will only be a significant stock increase after middle of year, so that prices remain well supported.  Full Article

Baron Bracht is succeeded by Baron Bertrand as chairman of Sipef
Thursday, 9 Jun 2016 03:42am EDT 

Sipef NV :Baron Bracht is succeeded by Baron Bertrand as chairman of board of directors.  Full Article

Sipef proposes gross dividend of 0.60 euro per share
Wednesday, 17 Feb 2016 07:00pm EST 

Sipef NV:Proposal for the distribution of a gross dividend of 0.60 euro per share, in line with the payout ratio of previous years.  Full Article

Sipef gives Full Year 2015 guidance
Thursday, 22 Oct 2015 02:36am EDT 

Sipef NV:Taking the above into account, and with the extra usd 50/tonne levy on all palm oil produced in Indonesia being introduced in mid-July, company may conclude that the annual 2015 results will be substantially lower than in 2014.  Full Article

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BRIEF-Sipef announces potential acquisition of PT Dendy Marker

* Signed a heads of agreement with pt agro investama gemilang (AIG) relating to the acquisition of 95 pct of the shares of pt dendy marker indah lestari (DMIL) for a consideration of $53,105,000