Anglo-eastern Plantations Share Discussion Threads

[pollysmate] 20/10/2010 16:35

New Britain going ahead on buy rec. This never moves despite palm oil moving up.

[hvs] 12/10/2010 08:13

Looks like CPO is about to cross USD 1000.

Does Mistry know ?

[woracle] 27/9/2010 07:43

you missed the point...this article isnt one of mistry self publicising as usual... suggest u read the list of movements in influences and fundamentals which are reported as happening right now and by a raft of other commentators like the Malaysians at this conference...a lot is changing., concentrate on the reported changes and ignore mistry's stab in the dark price predictions... i hardly noticed his quote.

[shanklin] 27/9/2010 06:50

Woracle

Last time I posted an article quoting Mistry, you replied as follows...

"Shanklin - 27 Aug'10 - 08:31 - 1256 of 1275 edit



woracle - 27 Aug'10 - 08:40 - 1257 of 1275

LOL Shanklin, u finally discovered the industry's famous Mr Mistry. He could be spot on or not.. After a few years of reading his reports, you will come to the conclusion that his forecasts of short term trends in CPO are about 50/50 at best. Same as an average chimp with a pin ;)"

Has something changed?

[hvs] 19/9/2010 11:46

sorry
lobby

Thought REA were in rubber.

[lobby ludd] 17/9/2010 10:42

Thanks, woracle, skan, philou, for the links.

[philou100] 16/9/2010 16:29

Rubber:
see : Intercultures (luxembourg)
see their site: socfinal.lu (or .be): latest 2009 and H1 2010 reports online.

[skanjete2] 15/9/2010 15:36

Rubber :
REA started as a rubber trading company : the Rubber Estate Agency, over a 100 years ago. Now it's mainly CPO, with a new venture in coal.

Other possibilities for rubber are Intercultures or Jabelmalux (daughter of Belgian Sipef), both listed in Luxembourg.
Jabelmalux could be/is extremely cheap, but very illiquid. One need a lot of patience with this one.

[woracle] 15/9/2010 14:57

lobby, REA do not do rubber at all. Take a look at SIPH on French exchange. But its price has recovered from 15 to 67 since April 09, following the rise of rubber.

[lobby ludd] 15/9/2010 10:26

Thanks hvs....will take a look.

[lobby ludd] 15/9/2010 10:18

AEP has a small acreage of rubber (and is planting more), but does anyone know a UK quoted company that is primarily focused on rubber plantations ?

[spaceparallax] 15/9/2010 09:30

superb, solid progress. Ironically, it tracks from the beginning of the current economic crisis.

[hvs] 15/9/2010 08:17

Do we have breakout ?

[woracle] 10/9/2010 23:08

I have held REA in the past, but had to choose only 1 long term play in this sector, so AEP it is. Historically, before the financial crises, PE 16 was always the norm here which was a 20%-30% discount to the leading plantation giants. No reason to think 16 won't come around again since nothing fundamental has changed for palm oil long term and AEP are in a stronger position than ever.

REA not transparent and management reporting style over the years a bit hyped for my liking although excellent acreage with great yields. They just moved into coal mining out of the blue which seems a bit of a random strategy..there are plenty of better coal plays around.

AEP don't do forecasts but pretty simple business to understand and forecast over the years. A few long termers get within 10% year after year on the forecast. Should do around 70p this year imv.

[parttime] 10/9/2010 20:27

Do any of the regular posters hold shares in REA Holdings??
You guys seem pretty clued up as regards the industry and I was wondering what multiple the market could or should set for our plantation shares and what the forecasts are for AEP, as I cant seem to find any.

REA breaking up but to what multiple?? I'm holding REA and thinking of switching and/or buying into AEP!

[hvs] 10/9/2010 18:34

philou100

Thank you very much for posting above. very interesting.

Like woracle says AEP is way undervalued and should be twice todays price given
the potential.

[woracle] 10/9/2010 18:06

Yes bargain and even cheaper if the useless analyst could be bothered to get the figures of the competitors right...AEP mature acreage is 34.7K ha as opposed to 28.1K in the report, and FFB over 600K rather than 500K. Being housebroker, he's just bigging up his client Asian Plantations, the one I personally wouldn't touch with a barge pole amongst the London ones.

[philou100] 10/9/2010 09:29

AEP: it's a bargain
see:



comparison with the peers: pg 16

[hvs] 09/9/2010 10:03

Is there going to be another assault on £ 6.00 and Breakout ?

[hvs] 30/8/2010 12:29

lol !!!

U have got it spot on.

One thing is for sure though CPO will cross USD 1000 over the next twelve months. You cannot curtail demand from Africa, India and China.

[woracle] 27/8/2010 08:40

LOL Shanklin, u finally discovered the industry's famous Mr Mistry. He could be spot on or not.. After a few years of reading his reports, you will come to the conclusion that his forecasts of short term trends in CPO are about 50/50 at best. Same as an average chimp with a pin ;)

This quote shows how good he is. LOL
"He revised his forecast for growth to 500,000 tons from 1 million tons for 2010."