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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
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 634.00 | 16:35:02 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 658.00 | 642.00 | 658.00 | 634.00 | 634.00 |
| Industry Sector |
|---|
| FOOD PRODUCERS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 30/04/2024 | Final | USD | 0.15 | 13/06/2024 | 14/06/2024 | 12/07/2024 |
| 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 |
| Top Posts |
|---|
Posted at 25/11/2024 14:44 by nobull Please explain, maty. The majority shareholder(s?) have form in talking down the share price, and there is only one reason I can think of for this. The low payout ratio and the postponement of the interim dividend only add to my suspicions! Oh, I forgot - there is also the matter of the sub optimal running of the company. |
Posted at 08/11/2024 08:18 by skanjete2 CPO prices above 1.300US$/ton now.And this in top harvest season : extremely profitable. This is almost comparable with 2021, when AEP made more than m100US$ net profit. And now no minorities to share with, so about 2 - 2.5US$/share. Remember : they promised a dividend of minimum 25% of profit. |
Posted at 10/10/2024 15:47 by 34adsaddsa Even if they only pay the minimum 25% dividend (the policy is at least 25%), the dividend should be meaningfully higher than last year.Looks to me like it could be 45-50 cents if palm oil prices hold up until the end of the year. |
Posted at 24/9/2024 06:43 by nobull "MPE's market cap now 2x AEP"Because MPE's capital allocation policy is smart; AEP's is not. A fight is surely coming here on who gets what of the locked up value, locked up value to be extracted by an improvement in the policy of just piling up idle cash, however the change in that policy comes. My family is in all three. The share price driver for REA could be the redemption of the 2025 sterling loan note out of cash profits, a loan note that comes with costly admin. MPE is a paragon of excellence but may face headwinds from a change in the Budget, and AEP just requires patience. All IMO. DYOR. |
Posted at 23/9/2024 20:33 by 34adsaddsa MPE's market cap now 2x AEP. |
Posted at 16/9/2024 13:31 by tigerbythetail The thing is, I don't think MPE is overvalued, by any means. But the "valuation gap" between how the market values MPE and how it values AEP is just crazy, esp. if you take the cash position of AEP into account.Oh well, time will tell here... |
Posted at 26/8/2024 10:02 by skanjete2 Theoretically, that's correct.But in practice, it will depend on the price minorities like Nokia Bell will accept. And that price won't be based on the current share price of AEP. More likely, it could be based on the valuation of companies like MP Evans or Sipef. |
Posted at 25/8/2024 16:40 by tigerbythetail Or, in other words, the major shareholder could likely engineer a buy-out of the minorities just by using the company's own cash-pile - no new money required!I figure nothing will happen until the law-suits over Madame Lim's will are settled. And then we'll see. Compared to sector peer MPE this is as cheap as chips. And MPE isn't overvalued. But perhaps there are good reasons for AEP being so cheap... |
Posted at 20/5/2024 21:58 by 34adsaddsa Yes, certainly a mess. I've read that article before. It seems unlikely to me that Madam Kim's AEP shares would just be left as part of the residuary estate but I can't find any mention that they've been specifically willed.The article says assets worth 1.6 billion Malaysian Ringgits are in dispute. That's $342M dollars. Her AEP stake alone was probably worth $200M on her death so if her (indirectly owned) shares in AEP are in dispute then that is most the capital in dispute. I think it's probably best for us if her AEP shares are distributed to as many parties as possible. |
Posted at 30/4/2024 18:38 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. |
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