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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
|
|
|---|---|---|---|---|
| -12.00 | -1.63% | 724.00 | 16:35:22 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 732.00 | 726.00 | 732.00 | 724.00 | 736.00 |
| 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 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 03/4/2024 17:39 by 34adsaddsa I wouldn't bet on it without a dividend increase. At least they're probably being harassed by shareholders. |
Posted at 03/4/2024 10:01 by tigerbythetail What is frustrating is that they could easily quintuple the dividend, given the size of the cash pile."Too much cash" is a nice problem for a company to have. But, finally, it is still a problem. I'm assuming that the results due out this month will jolt the market out of its stupor here. |
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. |
Posted at 14/3/2024 14:34 by 34adsaddsa This company doesn't trade on fundamentals because they don't distribute the cash to shareholders. They need to 3x the dividend.I doubt there's much interest from UK investors for palm oil companies and non-UK investors aren't interested in UK stocks. |
Posted at 07/3/2024 16:24 by skanjete2 CPO is above 1000US$/ton again, at the highest price since july last year.And all cash flow accrues to AEP shareholders now... |
Posted at 06/2/2024 18:09 by beresford99 Good point,if their cash is all in US$, they should be worried. About 8T of US debt will have to be refinanced this year, as the US is effectively bankrupt,the $ could easily fall 10-15% if they have trouble rolling over.Any idea what the dividend could be this year ?, I hope the interim is now a permanent feature, I always reinvest the dividends. |
Posted at 09/1/2024 07:36 by skanjete2 I'm confident that this situation will sort itself out in de the coming 24 months.This company seems asleep, but a lot is going on behind the curtains : - loss making plantations in South Sumatera sold - intercompany loans between subsidiaries sorted out - minorities bought out - differentiation of cash pile to more dollar exposure - shareholder orientation improved : attractive dividend, set to increase - management succession plans initiated - buy back for future management incentives Only disappointment last year was a major expansion investment that failed to materialise. Things to be realised this year : - sale of Malaysia plantation - management succession formalisation - higher dividend - rationalisation of cash pile - replacement investments - expansion investment? But the main reason for an investment in this company is that cash will keep flowing in at a high rate. In the last 10 years, expansion of plantation acreage in Indonesia is very tough and almost non existant. In Malaysia, production has topped and is falling back. Demand for oil will keep rising at 3% a year, but production can't follow. So we're in for an extended period of high palm oil prices, even taking into account the Indonesian export taxes. At this low share price, this seems to me a low risk/high potential situation. In the meantime we're being nicely paid for waiting by the attractive dividend. |
Posted at 30/11/2023 10:22 by ilad60 Consolidation of AEP's Holdings in Its Indonesian SubsidiariesAEP is pleased to announce the completion of the acquisitions of the minority interests in the following Indonesian subsidiaries, from PT Marison Nauli Ventura ("MNV") for a total cash consideration of US$60 million. · 20% of the issued share capital of PT Tasik Raja ("Tasik"), · 20% of the issued share capital of PT Hijau Pryan Perdana ("HPP"), · 20% of the issued share capital of PT Bina Pitri Jaya ("BPJ"), · 10% of the issued share capital of PT Alno Agro Utama ("Alno") and · 25% of the issued share capital of PT Musam Utjing ("MU"). Following these transactions, the Company now wholly-owns Tasik, HPP, BPJ, Alno and MU. The purchase of the minority interests in these five subsidiaries is in line with the Group's stated strategy of consolidating AEP's holdings in its Indonesian subsidiaries with the Group's cash resources, as reported in our 2022 Annual Report. The acquisitions of the minority interests in Tasik, HPP, BPJ, Alno and MU is expected to enhance future earnings per share as it no longer has to apportion retained profits to MNV going forward. |
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