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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Anglo-eastern Plantations Plc | AEP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 6.00 | 0.86% | 702.00 | 16:35:11 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 708.00 | 694.00 | 710.00 | 702.00 | 696.00 |
| Industry Sector |
|---|
| FOOD PRODUCERS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 24/08/2023 | Interim | GBP | 0.120144 | 07/09/2023 | 08/09/2023 | 06/10/2023 |
| 21/04/2023 | Final | GBP | 0.20024 | 01/06/2023 | 02/06/2023 | 07/07/2023 |
| 29/04/2022 | Final | USD | 0.05 | 09/06/2022 | 10/06/2022 | 15/07/2022 |
| 12/05/2021 | Final | USD | 0.01 | 10/06/2021 | 11/06/2021 | 16/07/2021 |
| 19/05/2020 | Final | GBP | 0.003988 | 11/06/2020 | 12/06/2020 | 17/07/2020 |
| 24/04/2019 | Final | GBP | 0.023517 | 06/06/2019 | 07/06/2019 | 12/07/2019 |
| Top Posts |
|---|
Posted at 09/5/2024 17:47 by beresford99 Sadly, I think TBTT is correct. The board must have been worried when the share hit 770p, after the measly div and cancellation of the share buyback, the subsequent 12% fall has no doubt has pleased them no end.The share buyback never got off the ground and in point of fact, at one stage MPE we’re buying back more shares in a day than AEP we’re in a month. Even after paying an increased div their shares are now £1.60 above AEP. I’m afraid the minority shareholders will count for nothing when the company is taken private, the cash pile will be of no benefit to us at all. Strangely though, turnover seems to have perked up recently. |
Posted at 30/4/2024 20:00 by 34adsaddsa But it isn't just the net cash of $153M. Net current assets are $228M.Net current assets are 65% of the market cap and there's no debt. It's ludicrous and everyone can see it's ludicrous. Shell "targets the distribution of 30-40% of cash flow from operations through the cycle to shareholders". Really all you have to do is look at MPE. Their dividend is 2.65x AEP's and their net current assets minus debt is about zero. AND they're buying back shares. |
Posted at 30/4/2024 19:38 by redtrend Putting in place a dividend policy and being in line with more generous side of commodity/ mining companies dividend policies would suggest otherwise: 25% of annual retained profit."In determining the level of dividends to be paid to our shareholders, the Board has taken a balanced approach to the requirement of funds in the Company for expansion in planted area as well acquisitions of land or plantations, but at the same time cognisant of shareholders' wishes to have dividends as a form of income. In light of the results achieved in the year, the Board has declared a final dividend of 15.0 cts per share, in line with our reporting currency, in respect of the year up to 31 December 2023. With an interim dividend of 15cts per share already paid, the total dividend declared for the year ended 31 December 2023 will be 30.0 cts (2022: 25.0 cts), equivalent to approximately 25% of the retained profits attributable to the Group for the year ended 31 December 2023. Going forward the Company has adopted a policy of declaring at least 25% of the retained profits attributed to the Group annually." You also have to bear in mind the $60M purchase of the Indonesian non-controlling interests only occurred in Nov-2023 so significant % of revenues and profits are attributable to this. Of the $65m Net Profit in 2023, $9.5m is attributable to non-controlling interests. Going forward this will no longer be the case, so in terms of dividends and like for like comparison, we will have 25% dividend policy of a larger share of net profit. The non-controlling interests are now pretty much nil. If you jump to Note 28 of Report and breakdown of entities, Malaysia entity still has 45% non-control interest and 1 of the Indonesian entities " PT Bangka Malindo Lestari" has 5% non-control interest. I do of course agree having a Net Cash pile of $153m is far too high / conservative and is idle that should be paid to shareholders. But at least we've gone from nil dividend, to a 3-4% dividend and an actual dividend policy, that now with non-controlling interests bought out, should generate higher div yield on like-for-like basis. Would also hope in time the 7th mill (HPP, North Sumatera) completed Q4 2023 at $22.5M will also add revenues and profits. There's then 8th mill they plan to build in Kalimantan with EIA awaiting approval. |
Posted at 30/4/2024 09:01 by tigerbythetail Results out.They're in line with my expectations and reflect a solid profitable business with a large cash pile. Many of the board's inwards-facing actions are sensible and measured. So far, so good. But, unfortunately, I don't think the board "get" being a PLC at all. The dividend is measly under the circumstances, and instead of expanding the share buyback, they are going to halt it, complaining that it has not netted enough shares. (Hint: try putting your "buy" price up - nobody is going to sell whilst the shares are so obviously undervalued compared to AEP's peers!). A secondary listing in a better stock market would be most welcome (Singapore?). Additionally, I have to complain about the stress test the board set for the business - the scenario they envisage is basically Armageddon, and you can't stress test for the end of the world - far too many variables! |
Posted at 28/4/2024 17:49 by beresford99 MKH Palm Oil(issue price 62 sen)is set to debut on Bursa Malaysia on 30th April … it was oversubscribed 8.4 times, it will be interesting to see how the market receives it. MKH has around 18,000 ha in East Kalimantan, I believe the pe is 20 and projected yield 4-5%. I have no doubt it will show just how absurdly cheap AEP is. I was pleased to buy a few more shares at 708p before the recent uptick.Let’s hope the dividend is increased but what would really help the price would be for the management to seek a listing in Singapore. |
Posted at 25/4/2024 10:37 by tigerbythetail This is so deeply undervalued it's hard to get exuberant here! EV is tiny compared to its direct peers. It "should" be trading at roughly double the current share price.Hoping for a dividend uplift, a further share buyback, and maybe a plan to list on another stock exchange where it will be valued more appropriately. |
Posted at 23/4/2024 08:00 by skanjete2 Results normally coming out this week, I'm curious about the dividend... |
Posted at 04/4/2024 14:42 by 34adsaddsa Financial Calendar updated.End of April 2024 for the Annual Results Announcement. Ex-dividend date of 14 June 2024. Somewhat ominously, it also says: "Past and present policy is to pay only one dividend per year as a final dividend but an Interim dividend has been declared." |
Posted at 04/4/2024 11:43 by foxfox79 Last report aug 2023, 9500 h remained to be planted, lets say 100M to do this, all the rest can easily be distributed as dividend. But most likely it will be sold in the coming years for at least 16 GBP/share |
Posted at 30/3/2024 05:35 by 34adsaddsa MPE breaking out, now worth 57% more than AEP.It they'd just 3x the dividend we would more than double. |
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