Anglo-eastern Plantations Share Discussion Threads

[hvs] 24/6/2008 08:06

These boys are good at LONG TERM PLANNING.

AEP will one day become a Billion Dollar company.

Mr T H Chan, Chairman and Chief Executive, commented: 'This further acquisition- the
group's fourth since December 2007- is a valuable
addition to the group's existing operations in the region and adds to the group's already
substantial land bank, enabling its significant
expansion in the next five years and beyond. The acquisition increases the group's total land
holding to 132,000ha.'

[lobby ludd] 18/6/2008 15:20

YES, as the final results said the Indonesian government's sliding scale of taxes on CPO 'effectively caps prices at between $1,000 and £1,050'.
At yesterday's price of $1,220, the tax is 20%, and would increase to 25% if prices tip over $1,300.

[hvs] 18/6/2008 12:23

It will soon go way above.

Palm Oil prices firming up again.

[scottishfield] 18/6/2008 10:30

moves about this one doesn't it. I'd feel a bit safer above 600

[hvs] 09/6/2008 13:05

Thats why we have to sit tight.

When the story here unfolds like it will , then we will see fireworks.

[bountyhunter] 05/6/2008 13:36

more often than not but not always, certainly not guaranteed

[woracle] 04/6/2008 13:58

I wouldnt bet on it..no volume to back it up. The black boxes can do what they like at the moment..makes a mockery of charting on thinly traded stocks as someone mentioned.

[bountyhunter] 04/6/2008 13:55

a near perfect ascending triangle on the chart over the past couple of months - more often than not break upwards! :)

[hvs] 04/6/2008 13:26

Looks like we are moving away from £ 6.00 now.

The interims will be sparkling. Hopefully an interim divi to boot.

[spaceparallax] 03/6/2008 14:40

peeking over the 600p parapet - can we close above?

[hvs] 30/5/2008 09:32

Vegetable oils expected to go up another 80% over the next decade. Good article in today's TIMES.

[woracle] 23/5/2008 00:32

melody, the share price will take care of itself as long as CPO behaves. Just look at the long term chart...did very well for long term investors without any so called focus .. might be different for u traders though..LOL.

[melody9999] 22/5/2008 23:47

Woracle - with the oil sector having so much momentum, many investors (me included) are spending a lot of time there. So anything that brings focus on the palm oil sector has got to be good.

[lobby ludd] 21/5/2008 11:01

Interesting, and of course will have wider effects, further fueling inflation in our own import dependent economy.

[woracle] 21/5/2008 09:11

Anyone noticed the cost of shipping is going into orbit ? This increases the cost of shipping vegetable oils to China and India, the worlds biggest importers/consumers. Soya, the No 1 oil is mainly imported from Argentina, a seaborn journey of 45 days. Palm from Indo and Malaysia takes 10 days. Soya is 30% more expensive than Palm at the moment. Not rocket science to see that the rising shipping costs will help close the price differential. All good long term macro stuff for palm..

[woracle] 16/5/2008 11:40

So NBPO bought more acreage.. . So why should that make AEP move ?

[melody9999] 16/5/2008 11:29

NBPO news might help us move

[lobby ludd] 15/5/2008 11:33

woracle - comments appreciated, as usual.

[hvs] 15/5/2008 09:14

Hi woracle,

You must remember that anal ysts work best in the DARK.

[woracle] 15/5/2008 08:16

Super update.. turnover up > 100%, and crops 18% up. Compare that to NBPO.. T/O up 63%, crops up 4%. Average selling prices at NBPO 954, AEP over 1000 despite the export tax. And the anal cysts say NBPO will grow the fastest of the palm poil plays..who is that idiot Richard Lucas at Ambrian.. thats sell side so called Analcysts for ya !

[hvs] 15/5/2008 07:34

Fantastic news :

We are looking at doubling of last reported profits.

THIS SHARE IS WAY TOO CHEAP :

RNS Number : 4736U
Anglo-Eastern Plantations PLC
15 May 2008



Thursday 15 May 2008

ANGLO-EASTERN PLANTATIONS PLC

Interim Management Statement

"prospects for 2008 remain very positive"

Anglo-Eastern (AEP.L), which operates and is developing some 83,000 hectares (ha) of
plantations, primarily palm oil in Indonesia,
announces its first Interim Management Statement, in respect of the period since 1 January
2008.

The strong trading and encouraging prospects reported in the Preliminary Announcement of
30 April 2008 have continued.

For the first quarter, ended 31 March 2008, revenue was more than double that of the first
quarter of 2007 at over $49m, helped by high
CPO (crude palm oil) prices. The CPO price, which ended 2007 at $960/mt, continued its upward
trend, peaking at $1,390/mt, and averaged
$1,151 for the quarter (which compares with $607 for the first quarter of 2007 and $790 for
the whole of 2007). The Group did not receive
the full benefit of rising prices in its results because of increases in Indonesian export
taxes which came into effect in March 2008 and
which effectively cap prices at $1,000-$1,050/mt.

For the first quarter, operating profit and profit before tax are both well ahead of those
for the first quarter of 2007, while net cash
at 31 March 2008 is up on the December 2007 figure of $23.3m.

For the four months to 30 April 2008, FFB (fresh fruit bunches) production is 18% higher
than the same period in 2007. Crops from the
Bengkulu estates have recovered from the delayed effects of the 2006 drought and are 20%
ahead, whilst those at the rehabilitated Bina Pitri
estate are well up on the comparable period. CPO production was around 60,000 mt, enhanced by
bought-in FFB which exceeded expectations by
30%.

The Group's development is proceeding according to plan, with around 5,000 ha of new oil
palm planting in progress and due to be
completed during 2008. This means that the existing Bengkulu estates will be fully planted by
the year end. In January 2008, the Group
acquired for a cash consideration of $3.8m a 95% interest in PT Riau Agrindo Agung, an
Indonesian company owning the rights to 15,000 ha of
vacant land in Bengkulu province. Along with the three acquisitions that took place in 2007,
this gives the Group an additional 40,000 ha of
plantable land.

Prospects for 2008 remain very positive. In the absence of substantial adverse movements
in the CPO price, production and Indonesian
export taxes, the Board continues to expect a satisfactory increase in profits and cash flow
for 2008.

Note for editors:

At last night's closing mid-market share price of 600p, Anglo-Eastern's market
capitalisation was £240m.

Enquiries:

Anglo-Eastern Plantations plc 020-7236 2838

David Smith (Finance Director)