Anglo-eastern Plantations Share Discussion Threads

[melody9999] 20/2/2008 15:04

could not resist nabbing 635 more at 605p whilst its a bit quiet. anyone care to join me because it won't take much to push this into the mid 600's ......and you would think 600 might provide support - but who knows!

[routers] 19/2/2008 20:24

hi hvs
when results come out in april what do you think share price will be ?
$1135 per ton now

[hvs] 19/2/2008 18:33

This will go balistic come results time

[bountyhunter] 19/2/2008 12:54

heading for a new high?
( crude seems to be on a mission once again with palm oil following suit )
:-)))

[hvs] 19/2/2008 09:16

CPO price is still moving higher :

Daily Palm Oil Market Price on 18/02/2008 (Monday )

Last update : February 19, 2008 @ 16:30
Crude Palm Oil (LCL DEL RM/MT)
Mth North South Central E.Coast P/Mal Highest Lowest Sabah Highest Lowest Mal Highest Lowest
Feb 3,503.50 3,530.50 3,517.00 NT 3,517.50 3,580.00 3,490.00 3,462.50 3,500.00 3,460.00 3,493.50 3,580.00 3,460.00
Mar 3,500.00 3,547.00 3,531.00 3,531.00 3,540.00 3,600.00 3,500.00 3,484.00 3,500.00 3,470.00 3,536.50 3,600.00 3,470.00
Apr NT 3,562.00 3,576.00 NT 3,566.00 3,600.00 3,500.00 3,504.00 3,505.00 3,500.00 3,562.50 3,600.00 3,500.00
May NT 3,550.00 3,564.50 NT 3,554.50 3,600.00 3,500.00 3,505.00 3,505.00 3,505.00 3,551.50 3,600.00 3,500.00

[traderabc] 19/2/2008 09:08

'The Palm Oilies have all been sneaking higher - Anglo Eastern, RE, MP Evans and New Brit are all on interestin breakout levels. Fascinating to see if they can bust through their respective barriers.'

Looks like Robbie (TNT) kept his nerve during that last sell off.

[hvs] 17/2/2008 18:41

Thank you bounty.

The fundamentals are still very very sound.

[bountyhunter] 17/2/2008 17:42

momentum trader yesterday:

"AEP (607) - very volatile but has recovered well after the recent retracement. Poised to break to new highs."

[hvs] 17/2/2008 15:45

It will happen,

The are swimming in DOSH.

[traderabc] 17/2/2008 15:41

You guys think it will break out above 640 ish ? I can't see it,but maybe.

[hvs] 17/2/2008 15:36

They will be very soon.

[billfisher98] 17/2/2008 15:34

The share price looks like it could move swiftly upwards from here if previous highs are taken out.

[mitzis] 16/2/2008 14:31

Thanks hvs I'll take a look.

[hvs] 16/2/2008 14:23

mitzis,

PGI grow tea in Africa

[woracle] 16/2/2008 14:04

bod,

Your first sentence is too simplistic. You can't value working estates in the same way as a peice of scrub land whith potential anymore than you can value land in prime London with the subsequent grade A office it becomes. Or for that matter, a prospective oil acreage with an established producing one pumping out and making masses of cash for 30 years..

Have a look at this old article. Figures are old but u get the jist. Also read last years results on the subject of valuations.



Now, from the valuations section from last years results, you get a better idea of what the assets are worth NOW, and I am sure it will be revalued again soon based on current acreage producing and more realistic CPO prices going forward. Theres also something called Biological assets which is what u are probably looking for as the value add.

I just try to think of a working estate more akin to an oil field in perpetuity ( subject to gov. land renewals, natural disasters etc ). In that way, scrub land is a new oil field which will be a producer within 5 years. None of this PA rubbish with the oilers ! Think of how oil companies assets are valued .. they certainly dont value it on the cost of acreage licences obtained..

[mitzis] 16/2/2008 13:56

O/T

I read the Times today regarding the demand for Tea and the price of tea is rocketing are there companies who trade listed in market ..?

[bird of dawning] 16/2/2008 01:05

I would estimate the stated total AEP plantations to be currently valued at $30m (based on 100,000ha icluding their recent 2000ha acquired at £300 per ha). As AEP Total assets are $185.53m and most are included under Property, plant and equipment. I'm therefore slightly intrigued as to the type of asset making up most of the balance of $153.53m? If this is comprised mainly of harvesting and processing equipment, then depreciation should be quite a significant item. This may be partly explained by `Net cash from investing': ($14.7m) but this isn't made very clear.

As AEP is currently trading at over 2.45 times its total assets and Price/Book: 3.0 and price/sales: 5.75, it would be very useful to know what these stated assets really are?!
Regards bod

[hvs] 13/2/2008 13:45

well said,

woracle,

I seeCPO is still near highs. Will be stonking result with very bullish outlook.

[woracle] 13/2/2008 10:55

Oh dear the new name traders are here...Must be mad if they think they can trade this share well. No liquidity, big spread, cant buy in much volume etc.. There are better candidates mate to ramp and deramp..trust me ! Now move along...

[ok,yah] 13/2/2008 10:45

struggling to break resistance at £6 - Think pull backs are likely and looks vulnerable to any weakness in CPO price as it seems on this racy rating strong prices are in the price

[hvs] 12/2/2008 11:14

And here is more evidence that aep sTILL TOO TOO cheap :

Wilmar in $4.3bn palm-oil merger


Singapore-based Wilmar International on Thursday announced a US$4.3bn merger plan that would create Asia's largest agribusiness group and give Archer Daniels Midland an enhanced role in the fast-growing global palm-oil business.

The proposed deal is part of a land grab for palm-oil assets in Malaysia and Indonesia, the largest producers of a commodity where demand has soared from its use in producing biodiesel and use as a foodstuff, particularly in China and India.

EDITOR'S CHOICE
Monsanto: giant of the $6.15bn GM market - Nov-15ADM seeks equal footing over renewable power - Nov-09ADM focuses on sugar for ethanol alternatives - Nov-09ADM 'not exposed' to fall in price of ethanol - Nov-01"This merger is all about China, which is emerging as the world's biggest consumer of edible oils," said Kuok Khoon Hong, Wilmar's chairman. "We will become the leading merchandiser and processor of edible oils and oil seeds in China [and] the dominant processor of agricultural products."

Wilmar plans to create the world's largest producer and refiner of palm oil through a series of share and asset swaps which would create a group with annual sales of US$12bn and a market value of US$7bn.

The transaction would also enhance the transformation of ADM – which would hold 16.2 per cent of the enlarged group – from a traditional agribusiness group into the leading global player in alternative energy. The US company has invested heavily in domestic corn-based ethanol plants and oil-seed derived biodiesel in Europe.

ADM, which already holds a small stake in Wilmar's parent, will inject existing refining assets in China and into the business in return for a 16.4 per cent holding. Wilmar, which has transformed over the past 15 years from a small plantation owner into an integrated agribusiness group focused on palm and lauric oil.

Wilmar plans to pay up to S$4.1bn (US$2.6bn) for the palm oil assets of the Malaysia-based Kuok Group, providing additional acreage to feed its refining mills. Kuok companies also have a large consumer presence in China, and its market-leading Arawana brand is the official cooking oil of the Beijing Olympics.

The proposed deal reflects the close family ties of many Asian businesses. Robert Kuok, the Malaysian billionaire, is injecting his Kuala Lumpur-listed palm oil operations into the Wilmar business controlled by his once-estranged nephew, Kuok Khoon Hong. Wilmar would control 48.5 per cent of the new Singapore-listed Wilmar International, with Robert Kuok's group holding 31 per cent. Kuok Khoon Hong said he approached his uncle three weeks ago with an offer to combine the assets and secure the synergies.

Both companies have extensive plantations in Indonesia, which is emerging as the largest palm oil producer and exporter because of land shortages in Malaysia.

Cargill last month announced plans to invest in plantations in Indonesia and Papua New Guinea in partnership with Singapore's state-owned Temasek Holdings, and three of Malaysia's state-controlled plantation companies – Sime Darby, Kumpulan Guthrie and Golden Hope – recently agreed to an US$8.6bn merger two weeks ago.

The surge in palm oil demand prompted the Chicago Board of Trade to develop a new futures contracts on the product for Jade, a new regional commodities exchange launched in partnership with Singapore's SGX Group.

[hvs] 12/2/2008 11:02

Business Times -
[ Tuesday - February 12, 2008]

Commodity Roundup: CPO futures rebound
CPO FUTURES

Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives Bhd made a turnaround from earlier morning session to close higher on a strong rebound in the afternoon following bullish export figures released by cargo surveyors.

They had begun weak in the morning as sentiment had been dampened by declines in overseas commodity markets, a dealer said.

Intertek Testing Services said exports of Malaysian palm oil products for Feb 1-10 increased 8.1 per cent to 335,764 tonnes from 310,737 tonnes from the same period last month.

Societe Generale de Surveillance said the exports were up 1.7 per cent to 362,366 tonnes from 356,194 tonnes from the same period last month.

The dealer said prices of commodities such as wheat have fallen and this has had a spillover effect on the prices of palm oil, which now could be considered as "extremely high."

But with demand continuing to be high, the players remained bullish about palm oil's prospects and this saw many of them taking long positions in the afernoon, he added.

The CPO market was closed last Thursday and Friday for Chinese New Year.

At close yesterday, Feb 2008 jumped RM19 to RM3,365, March 2008 rose RM19 to RM3,404, April 2008 surged RM27 to RM3,412 and May 2008 increased RM19 to RM3,410.

Volume rose to 7,322 lots from 4,519 lots posted last Wednesday while open interest went up to 46,123 contracts from 45,829 contracts previously.

On the physical market, February South slipped to RM3,410 a tonne from RM3,430 last Wednesday.

STONKING FIGURES FOR CURRENT YEAR at THESE PRICES.

[melody9999] 07/2/2008 00:15

with the PO price continuing to hit new highs, and the upbeat trading statement, any retracement here must be considered a buying opportunity. would be looking to add if we get back to around 550p, and then see expect a break-out through 600.

[lobby ludd] 06/2/2008 12:16

woracle - well spotted, thanks.