Details of Benso Oil Palm Plantation Ltd

Company Profile

SymbolBOPP
Company NameBenso Oil Palm Plantation Ltd
Stated CapitalGH
Security
Nature of BusinessPROCESSING OF PALM FRUITS INTO CRUDE PALM OIL
Date IncorporatedJANUARY 22, 1976
Comments
Date ListedAPRIL 16, 2004
Registered OfficeADUM BANSO ESTATE
Postal AddressP. O. BOX 470, TAKORADI
Tel0
Fax0
Emailhr.bopp@gh.wilmar-intl.com
Website
Types of Traded SecuritiesOrdinary Shares of no par value
Issued Shares(GH) (mil.)34.80
Authorised Shares50.000,000 SHARES OF NO PAR VALUE
DirectorsSANTOSH PILLAI(MD); ISHMAEL EVANS YAMSON(CHAIRMAN);MR.RAMACHANDRA RAO KODEY;NENEYO ASARE MATE-KOLE;NENE OFOE AMEGATCHER; PIERRE BILLON
Change of Name
Comments

Press Releases

May 2018

BOPP has released the attached announcement for the information of the general investing public.

Issued in Accra, this 8 th day of May, 2018

 

 

 

July 2016

BOPP announces for the information of the general investing public, the appointment of Mr. Samuel Avaala Awonnea, the General Manager of the company as an Executive Director to the Board effective May 13, 2016 to replace Mr. Suriyapperuma Arachichige who resigned on the same date.

Attached is Mr. Awonnea’s brief profile.

Issued at Accra, this 5th day of  July, 2016

April 2016

Final Dividend
BOPP announces that the Company’s Directors will be recommending to  shareholders at the upcoming Annual General Meeting the payment of a final dividend of GH¢0.0469 per share for the 2015 financial year.

Qualifying date
All shareholders registered in the books of BOPP at the close of business on Wednesday, 11th May, 2016 will qualify for the final dividend.

Closure of Register

In view of this, the Register of shareholders will be closed from Thursday, 12th May, 2016 to Friday, 13th May, 2016 (both dates inclusive).

Ex-Dividend Date
The ex-dividend date has been set as Monday, 9th May, 2016. Consequently, an investor purchasing BOPP shares before this date will be entitled to the final dividend.  However, an investor buying BOPP shares on or after Monday, 9th May, 2016 will not be entitled to the final dividend.

Proposed Dividend Payment Date
The dividend will be paid on Wednesday, 22nd June, 2016.

Annual General Meeting
The Company’s Annual General Meeting will be held at the Akroma Plaza Hotel, Takoradi on Friday, 13th May, 2016 at 11am.  

Issued at Accra, this 15th day of  April, 2016.

March 2014

BOPP announces that the Company’s Annual General Meeting will be held at the, Akroma Plaza, Police Reserve near MTTU, Takoradi on Friday, 9th May, 2014.

Issued at Accra, this 28th
day of March, 2014

October 2013

BOPP announces the appointment of Mr. Ramachandra Rao Kodey as a Director of the company effective October 1, 2013. Mr. Kodey replaces Mr. Sun Yi Ling who has resigned.

Mr. Kodey joined Wilmar in 2012 as CEO, West African Operations, responsible for its businesses in West, Central and East Africa. Prior to that, he was Managing Director for its Joint Venture Group Companies in Uganda since 2004. He has vast experience in Oilseed and Vegetable Oil Sector since 1971and led organizations in public, private and cooperative sector in India and Africa. He graduated in Chemical Engineering from Andhra University, India.

Issued at Accra, this 22nd
day of October, 2013

October 2010

BOPP has announced the resignation of Mr. Stephane Achio from the Company’s Board effective July 31, 2010.


Issued in Accra, this 20th
day of October, 2010

July 2010

BOPP has announced that its Annual General Meeting will be held at the Akroma Plaza, Police Reserve near MTTU, Takoradi on Thursday, August 5, 2010 at 11.00 am.


Issued in Accra, this 8th
day of July, 2010.

July 2009

BOPP has released its un-audited Financial Statements for the half-year ended June 30, 2009 as per the attached.



Issued at Accra, this 29th
day of July, 2009.



CLICK HERE TO VIEW DETIALS
BOPP has announced the resignation of Mr. B. C. Lang’at from the company’s Board effective June 30, 2009.


Issued at Accra, this 7th
day of July, 2009.

April 2009

AGM
BOPP has announced that its next Annual General Meeting is to be held at the Akroma Plaza, Police Reserve near MTTU, Takoradi on Wednesday, May 6, 2009 at 11.00 am.

Final Dividend
BOPP has also announced a final dividend of GH¢0.03839 per share in respect of the financial year ended December 31, 2008. This brings the total dividend declared for the 2008 financial year to GH¢0.0709.

Qualifying date
All shareholders registered in the books of BOPP at the close of business on Monday, April 27, 2009 will qualify for the final dividend of GH¢0.03839 per share.

Closure of Register
The Register of shareholders will be closed from Tuesday, April 28, 2009 to Wednesday, April 29, 2009 (both dates inclusive).

Ex-Dividend Date
The ex-dividend date has been set as Thursday, April 23, 2009. Consequently, an investor purchasing BOPP shares before this date will be entitled to the dividend. However, an investor buying BOPP shares on or after Thursday, April 23, 2009 will not be entitled to the dividend.

Dividend Payment Date
The final dividend of GH¢0.03839 per share, if approved at the AGM, will be paid on Friday, June 5, 2009.


Issued at Accra, this 7th
day of April, 2009.

Financial Statements

April 2018

BOPP has released its un-audited Financial Statements for the first quarter ending 31 st March, 2018 as per the attached.

Issued at Accra, this 25th day of April, 2018.

BOPP has released its Audited Financial Statements for the year ended December 31, 2017 as per the attached.

Issued at Accra, this 29 th day of March 2018.

January 2018

BOPP has released its un-audited Financial Statements for the year ended December 31, 2017 as per the attached.

Issued at Accra, this 30 th day of January, 2018.

October 2017

BOPP has released its un-audited Financial Statements for the third quarter ending September 30, 2017 as per the attached.

Issued at Accra, this 30 th day of October, 2017.

July 2017

BOPP has released its un-audited Financial Statements for the half year ending June 30, 2017 as per the attached.

Issued at Accra, this 26th day of  July, 2017.

July 2016

BOPP has released its un-audited Financial Statements for the half year ending June 30, 2016 as per the attached.

Issued at Accra, this 28th day of  July, 2016.

April 2016

BOPP has released its un-audited Financial Statements for the first quarter ending 31st March, 2016 as per the attached.

Issued at Accra, this 25th day of  April, 2016.

January 2016

BOPP has released its un-audited Financial Statements for the fourth quarter ending December 31, 2015 as per the attached.

Issued at Accra, this 27th day of  January, 2016.

October 2015

BOPP has released its un-audited Financial Statements for the third quarter ending September 30, 2015 as per the attached.

Issued at Accra, this 27th day of  October, 2015.

July 2015

BOPP has released its un-audited Financial Statements for the half year ending June 30, 2015 as per the attached.


Issued at Accra, this 30th day of July, 2015.

April 2015

BOPP has released its un-audited Financial Statements for the first quarter ending 31st March, 2015 as per the attached.


Issued at Accra, this 21st day of April, 2015.
BOPP has released its audited Annual Report and Financial Statements for the year ended December 31, 2014 as per the extracts attached.


Issued at Accra, this 13th day of April, 2015.
BOPP has released its 2014 Annual Report and Financial Statements for the year ended December 31, 2014 as per the attached.


Issued at Accra, this 1st day of April, 2015.

January 2015

BOPP has released its un-audited Financial Statements for the year ended December 31, 2014 as per the attached.

Issued at Accra, this 28th day of January, 2015.

October 2014

BOPP has released its un-audited Financial Statements for the third quarter ending September 30, 2014 as per the attached.

Issued at Accra, this 22nd day of October, 2014.

July 2014

BOPP has released its un-audited Financial Statements for the half year ending June 30, 2014 as per the attached.


Issued at Accra, this 29th
day of July, 2014

April 2014

BOPP has released its un-audited Financial Statements for the first quarter ending 31st March, 2014 as per the attached.


Issued at Accra, this 28th
day of April, 2014

March 2014

BOPP has released its 2013 Annual Report and Financial Statements for the year ended December 31, 2013 as per the extracts attached.


Issued at Accra, this 20th
day of March, 2014

October 2013

BOPP has released its un-audited Financial Statements for the third quarter ending September 30, 2013.


Issued at Accra, this 28th
day of October, 2013

July 2010

BOPP has released its un-audited Financial Statements for the second quarter ending June 30, 2010 as per the attached.

Issued in Accra, this 29th
day of July, 2010


CLICK HERE TO VIEW DETAILS

April 2010

BOPP has released its un-audited Financial Statements for the first quarter ending March 31, 2010 as per the attached.

Issued in Accra, this 29th
day of April, 2010


CLICK HERE TO VIEW DETAILS

Market News & Information

January 2014

The Ghana Stock Exchange in 2013 experienced another outstanding performance of listed equities since its establishment in 1990. The GSE Composite Index which measures the performance of the entire market went up by 78.81%, obviously one of the best in Africa. In US dollar ($) terms it was up by 55% second to Malawi in Africa. The exceptional 2013 performance was buoyed largely by increased investor awareness and good operating results of many of the listed companies supported by the renewed investor confidence in the Ghanaian market and economy.
 

August 2009

INTRODUCTION:

The market continued to witness low trading volumes during the first half of 2009.

Aside the global economic crisis, the low activities can also be attributed to the somewhat slow process of immobilization of share certificates into the new depository system. This has to some extent slowed down activities as only shares in the depository are allowed to trade. It is expected that the trend will change when more investors dematerialize their paper certificates and the Ghanaian economic climate improves.

MARKET PERFORMANCE

Index
The GSE All-Share Index recorded a decrease of 48.00% to end the half year of 2009 at 5,423.98points. This is in sharp contrast to the 55.77% gain recorded during the same period in 2008. This means that during the half year to June 2009, the GSE All-Share Index was significantly below the interest equivalent on 91 day Treasury bills of 25.49%.

Turnover
Turnover recorded for the period under review was significantly lower than that for the same period in 2008. The half year to June, 2009 recorded a total volume of 41.47million shares valued at GH¢37.69million compared with a volume and value of 189.08million shares and GH¢196.53m respectively for the same period in 2008.

Active Shares
The ten most actively traded equities for the period January to June, 2009 contributed to total volume and values of trades recorded on the market. In volume terms, GCB continued to lead the pack contributing 28.87% to total volume traded, followed by SCB and CAL with 22.40% and 13.7% respectively. BOPP was fourth with 10.15% while FML, ETI, AYRTN, UNIL, SIC and UT, followed in that order with between 6% and 1% of total volume traded.

In value terms, SCB led the half year with a contribution of 39.33% to total value traded followed by GCB and UNIL with 24.87% and 9.04% respectively. Other companies including CAL, PZ, BOPP, FML, ETI and GGBL contributed between 5.74% and 0.99% to total value traded.

Market Capitalization
Market capitalization at the end of June, 2009 was GH¢15,279.49m (approx. US$10,465.40m) compared with GH¢15,587.76m (approx. US$15,133.74m) at the end of June 2008.

DEPOSITORY

The process of immobilizing share certificates into the GSE Securities Depository system continued to be vigorously pursued by the Exchange. The GSE Securities Depository Company Ltd (GSD) and the Exchange during the period under review consulted and collaborated with stakeholders, particularly Registrars, Dealers and Listed Companies in this regard. It is expected that the evidence of the positive results of the GSE automation will soon be significant as a good number of share certificates are deposited in depository accounts by existing shareholders and new accounts are opened by potential investors.

To facilitate this programme, all listed companies at their respective AGMs passed resolutions as directed by the Exchange to amend their company regulations in order to allow for the conversion of paper certificates into electronic securities. The Exchange and the GSD had the opportunity at these AGMs to speak to shareholders on the benefits of the Depository. So far the top ten with respect to the level of dematerialized securities are:

OUTLOOK

Although the impact of the global financial crisis is being felt in the Ghanaian economy, recent attention on Ghana from the international community as a result of the country’s relatively stable political environment in the sub-region, the visit by the US president, President Barack Obama and Government’s effort aimed at greater economic stability are indications that opportunities still abound for wealth creation and stability augurs well for both existing and potential investors on the stock market. Analysts also believe that the Exchange’s performance in this first half of the year presents an opportunity for stock market investments as shares are relatively cheaper at current prices.

May 2009

The stock market performance during the first quarter ending March 31, 2009 was not much different from the downward trend on most global capital markets. There were generally, low market activity characterized by low demands and large offers for listed securities resulting in a downward pressure on share prices.

Statistics