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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
|
|
|---|---|---|---|---|
| -16.00 | -2.35% | 666.00 | 16:35:01 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 664.00 | 664.00 | 678.00 | 666.00 | 682.00 |
| Industry Sector |
|---|
| FOOD PRODUCERS |
| Top Posts |
|---|
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 24/7/2023 19:03 by 34adsaddsa I take it you meant Indonesia. These tables from R.E.A. are probably the best you're going to get.hxxps://rea.co.uk/in |
Posted at 24/4/2023 20:55 by e43 Tiger,I agree it's a step in the right direction,but only a start,a situation like AEP cries out for a sensible sharebuyback or tender offer to complement a rising dividend, although I doubt they will overly aggressive buying back in the short term ,it's a mathematical no brainer at the current price.This share will hopefully reward the patient investor v well from here. |
Posted at 02/9/2022 10:55 by ilad60 Investors' Chronicleit looks increasingly likely that 2022 will be a year of two halves, with record CPO prices in the first half followed by much lower prices in the second half. Admittedly, with Anglo’s shares trading on a 12-month trailing price/earnings (PE) ratio of four, 29 per cent below book value per share of 1,274p and net cash of 537p backing up more than half the share price, then the weaker backdrop for CPO prices is largely priced in. That said, the earnings cycle has clearly peaked and with Anglo’s shares trading close to last month’s all-time closing high (952p), it now feels the right time to bank the 59 per cent paper profit if you have been following my 2020 Bargain Shares Portfolio. Take profits. |
Posted at 23/4/2022 08:46 by dixi Well it's a commodity everybody wants, so whilst this is not an ideal situation, there is huge demand for the stuff. Agree this will only be temporary, but it's hardly as though sales are stopping. Presume investor jitters hit the price though? |
Posted at 05/4/2022 08:19 by rimau1 Nice start! This should be a technical buy for traders (break-out confirmed) and a deep value buy for investors (cash adjusted p/e of under 3). Trading Update incoming for some hopefully bullish news-flow too. |
Posted at 12/1/2022 10:20 by nobull Agreed adsaddsa with what you say. But AEP, from memory, has a significant part of its finance supplied by a non-controlling shareholder, perhaps as part of a strategy to please the authorities. Other plantation companies do the same thing in a different way, I wonder? e.g. have more plasma schemes (they help reduce tensions between foreign investors perceived to be cleaning up and locals, I wonder?).Another difference is MPE has a property development business, which should mean the associated company, Bertam Properties(?), makes much more significant profit contributions in the coming few years (change of use of the land from agricultural to residential use usually yields significant profits). Finally, there will be differences in the production growth profile. MPE has a lot of young trees, whereas AEP maybe has some significant replanting to do - how old is Tasik? It must be getting on now (will chopping it down reduce revenue?). Oh, I forgot: MPE will be able to improve its margins when the new mill at Musi Rawas is finished in 2023. I'd have to study it all in greater detail to be sure about all this. JMV. |
Posted at 12/9/2021 08:15 by nobull m_kerr, thanks for that. Yes, the fact AEP is a public company hence its shares can rise in price is a good defence against a claim for unfair prejudice particularly as AEP's dollar market cap. has risen over the last few weeks, probably mostly due to the rise in the cash balance reported in its H1 results (rather than due to changes in $ ex-mill gate price of CPO - if anything the ex-mill gate price has fallen recently due to the rise in September export tax).And I still feel you are right that the share price would be massively higher if the dividend payout ratio were raised to 50% of eps, and in that sense, shareholders are being done down here. Another defence against an unfair prejudice claim might be that they are looking for reasonably priced acquisitions but haven't found any yet. Anyway it is interesting that Simon Thompson of Investors Chronicle thinks AEP are a bargain on a forward PE of 3 or whatever, but I can't see what is going to out the locked-up value here. If I could, yes, okay, they wouldn't be this share price! MPE probably trade at the substantial premium to book value because the DCF valuation, using, I assume, a long term $610 ex-mill gate price and a 16% discount rate, makes their plantations, and their small property development business, worth £10.99 a share (see page 94 of their 2020 AR and also the separate Khong Jaafar estate valuation document they publish on their web site). REA trades at a massive discount to net asset value probably because it is assumed that a massive rescue capital raising will be needed at some point to reduce its horrific level of net debt. Also some of REA's 'assets' aren't exactly the type you can put up for sale, e.g. capitalised interest, but REA has the biggest operating leverage, an advantage, except when there is a backwardation on the palm oil price curve like there is now, so lots of scary times ahead for me! MPE H1 results due out tomorrow, which I am also invested in. AEP is the only one I don't have! Maybe Simon Thompson is right after all, and I am wrong to be in REA ords. We'll see. |
Posted at 26/8/2021 21:44 by bubloo st on investor chroniclebook value 0f 1029 p with 150 million can at hand |
Posted at 26/8/2021 10:19 by speny Today's results are way beyond what I was expecting, absolutely stonking set of figures! This should really fly on those figures, however due average daily volumes being circa 10k for the past few months, I doubt this is on many investors radars. I'm surprised with their lack of debt and the amount of cash they have, that there is not a better dividend policy in place.VectorVest valued this at over £10 and that was before todays results. |
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