Anglo-eastern Plantations Share Discussion Threads

[westcountryboy] 20/8/2010 08:35

I think AEP tends to move with the CPO price to some extent, so these results would be more or less anticipated. Anyway, things continue to move in the right direction. Note the slight falling behind in new planting, owing to poor weather, but let's hope that is made up over the rest of the year.

[andysburns] 20/8/2010 08:22

really quiet reaction to the results which is a bit suprising given the strong results and the recent upwards trend in AEP and other Palm oil producers. I guess I will never really understand the vagueries of the market!!

[andysburns] 20/8/2010 07:25

results out this morning - as ususal no notice of the exact date but I can forgive that if they continue to issue good ones!!

Anglo-Eastern Plantations PLC
("AEP" or the "Group")

Interim Results for the six months ended 30 June 2010

Anglo-Eastern Plantations PLC, which owns approximately 141,000 hectares of
plantation land, primarily in Indonesia, is pleased to announce the interims
results for the six months to 30 June 2010.

Financial Highlights
� Revenue of $77.9m (H1 2009: $57.4m)
� Operating profit for the period was $26.1m ( H1 2009: $23.5m)
� Profit before tax increased to $26.7m from $24.0m in the first half of
2009
� Basic earnings per share were 42.0cts (H1 2009: 35.6cts)
� Net cash at 30 June 2010 was $27.1m compared with $36.8m at the year end
and $24.6m at 30 June 2009

Commercial Highlights
� The market average price for crude palm oil for the period was $805/mt
compared to an average of $650/mt for the first half of 2009
� Total own crop production was 266,190 mt a decline of 6% the same period
last year

[hvs] 18/8/2010 18:58

Yes it was shanklin.

Yup our time will come.

[simon42] 18/8/2010 18:09

It's frustrating to see nbpo rise up to results and aep fall! They should have set a clear date for figures. Would have helped share price. Our time will come.

[shanklin] 17/8/2010 09:52

Was this the one...

[hvs] 17/8/2010 09:48

Article in FT today on Palm Oil.

Commodities section.

[andysburns] 13/8/2010 08:23

anyone know the exact date when the interims will be announced? AEP website justsays mid-august. Cheers

[philou100] 08/8/2010 20:09

See my previous post : la Nina
and follow the spread between Soya & palmoil/
And the problem round canola and sunflower ( ch down harvest)

[hvs] 08/8/2010 12:53

But a very nice BLACK BOX.

CPO broken through US$ 900 and heading higher.

[philou100] 06/8/2010 14:25

- very small freefloat
- any analyst or broker following the company
- opaque (any information, aside compulsory and legal news)
- in one word, a black box

[stocktrawler] 06/8/2010 08:24

Can somebody explain to me why this share is so cheap!? I'm not familiar with the Palm Oil area but the fundamentals are really strong, profitability / debt levels relative to market cap is staggering. Are there risks built into the share price that I need to be aware of? Also, when is the next trading statement due?

Thanks!

[hvs] 06/8/2010 08:10

CPO hovering around US$ 900 mark.

A break from that level will set the share price alight.

[philou100] 04/8/2010 11:58

Value square fund equity world: monthly factsheet july:

AEP: 3.75 pc : 'last month, we increase our position in e.a. AEP .."

[spaceparallax] 03/8/2010 10:35

Just keeps getting better.

[hvs] 03/8/2010 07:58

I better start swimming lessons soon then.

[philou100] 03/8/2010 07:34

"La Nina ": some explanation;
"
Nina fears

The rally spread overseas too, with Kuala Lumpur palm oil up 1.8% at 2,563 a tonne, a three-month high.

Besides a spillover from Chicago, where rival soyoil was up 1.0% at 40.21 a pound, the best for nearly four months, buyer are also being encouraged by weather fears over crops in the two biggest producing countries, with an El Nina climatic pattern setting in.

"The last such event got properly underway in late 2007 and was accompanied by serious flooding in Indonesia and Malaysia," ABN Amro said.
" (from : agrimoney.com)

[simon42] 02/8/2010 20:36

Hi hvs- yes I was aware of production being in Indonesia but on reading today that Malaysian production was up rather than down was a positive worth mentioning as higher palm prices going forward may have been off set by weak production levels at AEP but this is looking less likely.
I also was attracted to AEP by the cash position and low rating and I'm hoping we get over the 600p mark and push on up and away.
There seems to be a healthy background noise about Palm oil prices rising for the rest of the year. Even if we see a short term pull back these are still good value imo.

[hvs] 02/8/2010 20:27

Hi simon42

AEP,s production is in Indonesia not Malaysia.

However both countries have similar weather.

The attraction of AEP is that it cash rich and a lot acreage to come on stream
in the next 3 years.

This year profits could be £ 45 mill.

So the shares are still very cheap.

[simon42] 02/8/2010 20:01

I believe the price of palm oil had a 3 month breakout today. I've also read on the upside that palm oil prices are expected to rise due in the autumn for a number of reasons (trade disputes being resolved etc..). One other reason being the bad weather recently maybe having an impact on global production levels but Malaysian production doesn't seem to be impacted (I think). Any better informed information welcomed.
600p is the next barrier.

[hvs] 02/8/2010 19:32

Off course there is no volume.

The shares are very tightly held.

The share price move says it all.

Its a BREAKOUT

[philou100] 02/8/2010 13:50

No volumes for a real break out (TA).
But the fundamentals are

[hvs] 02/8/2010 10:28

Looks like we are having a BREAK OUT

[woracle] 30/7/2010 15:34

Yep, nice of the AT bots to let me have a small top up today at bargain price ;)

[hvs] 30/7/2010 11:38

Palm Oil price moving up very nicely.

Next set of figues will set the share price alight.