Anglo-eastern Plantations Share Discussion Threads

[ntv] 22/2/2022 08:29

CPO close to 60k

[34adsaddsa] 16/2/2022 12:04

All they need to do is a pay a huge special dividend. That's IT.

[ntv] 16/2/2022 08:20

catsick
Can you post some links/charts etc tia

[catsick] 16/2/2022 01:12

The Malaysian and Indonesian palm stocks are rallying like crazy at the moment but nothing here despite the insane cash generation and all time high palm prices

[foxfox79] 04/2/2022 11:20

Looks to break out of ascending triangle, cheapest stock i know of

[catsick] 03/2/2022 02:15

Interesting that I added 5000 shares yesterday and only 1769 shown as the total trades for the day with only one of my trades showing...

[skanjete2] 02/2/2022 13:21

Hi NTV,

What are your estimates for net profit after minorities and cash flow?

I've got :
turnover $425m
cashflow $115m
Net profit to equity holders : $75m

Millgate prices are indeed wel above $1000 now, but I read somewhere that Indonesian pantations will be obliged to sell 20% in the local market at prices between $600-$700/ton, so we need to account for this.

[ntv] 02/2/2022 12:15

Millgate prices well over $1000 now till Indonesian government raises taxes

[34adsaddsa] 02/2/2022 11:40

I dream of them paying a $250M dividend. Given their history it won't happen but the shares could well double if they did.

[ntv] 02/2/2022 08:42

I am going for turnover around $500m for the full year as the last trading statement gave a big increase production

[ntv] 01/2/2022 19:39

If I tried to fly to Indonesia on my dividend payment I probably wouldn't even get off ground even with Ryanair!!

[34adsaddsa] 01/2/2022 12:22

It's ridiculous. I'm tempted to fly to Indonesia to demand a dividend.

[ntv] 01/2/2022 10:20

Another $10m in the bank in first month of the year

[ntv] 17/1/2022 20:01

the trading update at MPE gives you an idea of the cash generation currently being experienced in this sector

[ntv] 13/1/2022 15:01

New mill should come on stream here in Q3 22

[34adsaddsa] 12/1/2022 19:59

All good points, I think M.P. Evans' property business is by far the most important one. I wish she'd just pay out the cash, I'm sure the shares would rocket.

[nobull] 12/1/2022 10:20

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.

[34adsaddsa] 08/1/2022 22:02

It's quite funny to compare it to M.P. Evans Group.

AEP has greater revenue, makes larger profits, has a huge net cash position versus net debt for M.P. Evans.

M.P. Evans has a market cap 60% larger than AEP's.

It's because of the management here and the fact she owns most of the shares. She's not seen as shareholder friendly. She could pay out all the cash via a special dividend and this thing would STILL have to double from here even ex-dividend to command the same valuation as M.P. Evans.

[ntv] 07/1/2022 08:45

Year end cash should be around $220m
I make that over £160m so nett cash is well over half the current Mkt cap
Happy to hold and see where this goes. one thing you would hope here is the downside is limited except maybe for a mkt crash

[skanjete2] 03/11/2021 16:53

That's more than 20p/share A MONTH of cash they're producing.

[ntv] 03/11/2021 08:08

Added another $12m to cash reserves during October
Cash balances are approx $204m no debt

[skanjete2] 27/10/2021 09:42

Almost half the market cap is covered by cash at the moment.

An E.V. of about 220 mUS$ while producing 120mUS$ cash a year!!

Is this cheap or what?