Friday, 8 May 2009
Benso Oil Plantation Limited of Ghana
Palm Oil, one of the third world's most traded commodities, has a bad year, falling 66%. It is not surprising, therefore, that Benso (part of Unilever Ghana) took it on the chin. First quarter profits slumped 56%. Still, it could have been worse. Only problem is Ghana is such an illiquid stockmarket that the stock will take time to react to underlying fundamantals.