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AEP Anglo-eastern Plantations Plc

689.00
0.00 (0.00%)
Last Updated: 11:16:36
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglo-eastern Plantations Plc LSE:AEP London Ordinary Share GB0000365774 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 689.00 2,935 11:16:36
Bid Price Offer Price High Price Low Price Open Price
682.00 696.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Shortng,oils,margarine, Nec USD 374.89M USD 64.16M USD 1.6248 4.24 272.08M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:51:37 O 572 694.32 GBX

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Anglo-eastern Plantations (AEP) Discussions and Chat

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Date Time Title Posts
08/11/202418:18Anglo Eastern Plantations--oil my palms?2,069
01/4/202208:08ANGLO EASTERN VERY VERY CHEAP ASSETS Ј 1.40P291
12/6/200215:39Anglo Eastern Looks Dire18
11/4/200215:02Anglo Eastern Plantations Not so Dire17

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Anglo-eastern Plantations (AEP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:51:38694.325723,971.51O
11:25:20689.66143986.21O
11:09:05696.081701,183.34O
10:24:04697.792,05014,304.74O
2024-11-13 12:26:04690.005914,077.90AT

Anglo-eastern Plantations (AEP) Top Chat Posts

Top Posts
Posted at 14/11/2024 08:20 by Anglo-eastern Plantations Daily Update
Anglo-eastern Plantations Plc is listed in the Shortng,oils,margarine, Nec sector of the London Stock Exchange with ticker AEP. The last closing price for Anglo-eastern Plantations was 689p.
Anglo-eastern Plantations currently has 39,488,594 shares in issue. The market capitalisation of Anglo-eastern Plantations is £272,076,413.
Anglo-eastern Plantations has a price to earnings ratio (PE ratio) of 4.24.
This morning AEP shares opened at -
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 02/11/2024 12:59 by 34adsaddsa
"PETALING JAYA: Buyers of crude palm oil (CPO) are stocking up ahead of the higher export duties both in Malaysia and Indonesia, where over 80% of the world’s CPO is produced.

The increased demand, coupled with the industry’s tight supply situation, has pushed the daily price of the vegetable oil above RM4,400 per tonne this week.

From its recent low in August 2024, daily CPO price has increased by about 15%.

Amid elevated prices, market pundits like CGS International Research analyst Jacquelyn Yow and the Council of Palm Oil Producing Countries deputy secretary-general Datuk Nageeb Wahab said CPO’s price premium over soybean oil would persist.

Speaking to StarBiz, Yow said the increase in Malaysia’s CPO export duty and the significant hike in Indonesia’s export duty and levy for November had prompted higher purchases.

Effective Nov 1, the revised Malaysian export duty schedule will include additional export taxes involving CPO prices of between RM3,601 and RM3,750 per tonne that is subjected to an export duty rate of 8.5%.This is followed by RM3,751 to RM3,900 at 9%; RM3,901 to RM4,050 (9.5%) and more than RM4,050 (10%).

According to Plantations and Commodities Minister Datuk Seri Johari Abdul Ghani, the increase in CPO export tax was to encourage local downstream refining operations.

Yow said the higher export duty would be a “slight negative” for the planters.

“With the current CPO prices at about RM4,000 per tonne level, the export duty would increase by about RM60 per tonne as compared to the previous duty structure,” she said.

The new export duty structure and the minimum wage hike to RM1,700, in Yow’s opinion, would offset the “slight positive” arising from the announced increase in the threshold of the windfall profit levy on the production of fresh fruit bunches.

Budget 2025 proposed that the threshold for Peninsular Malaysia be raised from RM3,000 to RM3,150, and for Sabah and Sarawak from RM3,500 to RM3,650,

On Indonesia, Yow said the sum of CPO export duty and levy is expected to increase by US$54 per tonne in November.

Yow also noted that the lower-than-expected production in Indonesia has supported the recent spike in CPO prices.

In addition, she said CPO prices are lifted following China’s easing of economic policies and geopolitical tensions in the Middle East that drove crude oil prices higher, which, in turn, led to increased demand for vegetable oils.

Meanwhile, Nageeb said CPO prices of RM4,000 to RM4,500 will be a “new normal” for the industry.

Tight supply, alongside changing weather patterns and Indonesia’s transition to B40 biofuel mandate, would keep CPO prices elevated, he said.

In the near term, the upcoming Deepavali festive celebration in India will also raise palm oil demand. India is among the largest consumers of palm oil.

“We are not going to see higher palm oil production. Malaysia can only do about 20 million tonnes annually, while Indonesia can do about 50 million tonnes amid its stagnating yields.

“We anticipate CPO demand to grow 3% to 5% annually, but production volume can’t catch up.”

He also noted that for every 10% increase in Indonesia’s biofuel mandate, it will increase palm oil usage by three to four million tonnes.

This would further contribute to the shortage of CPO, said Nageeb.

Nageeb was formerly the chief executive officer of the Malaysian Palm Oil Association.

Indonesia is looking to implement a 40% mandatory biodiesel mix with palm oil-based fuel. Currently, a 35% blend is in practice.

The archipelago’s agriculture minister, Andi Amran Sulaiman, also said the government is working towards implementing B50 in the future.

CIMB Securities head of Malaysia research Ivy Ng Lee Fang said Indonesia’s B50 plan is contributing to the increase in CPO prices.

“Concerns over lower oilseeds supply with high oil content like rapeseed and sunflower seed, as well as tight palm oil supply, as Indonesia production affected by dry weather in 2023, have also contributed to the higher CPO prices.”

Ng expects CPO prices to stay firm until the supply situation improves.

“Probably, (CPO prices) will exceed market expectation of weaker fourth quarter prices. The higher CPO prices will help to offset some of the rising costs, assuming prices stay higher than this year,” she added."

Not that it matters etc.
Posted at 04/10/2024 07:42 by skanjete2
CPO CIF Rotterdam at US$1300 now.

Money spigots are open.

The market eventually will notice this fact.
The share price starts to reflect it a bit...
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 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 14:47 by tigerbythetail
Hi Skanjete!
I realise that no "major minority" shareholder is going to sell out at 600p / share!
But the current share price will work to dampen expectations, so it's not meaningless.
And the fact is the company has enough cash / near cash inside it for Genton to be able to offer 800p+ per share to the other shareholders without having to dig in their own pockets. All they would need to do is to arrange some kind of bridging loan to effect the buy-out!
I think the giveaway as to future intentions was the slow-walking and then the cancellation of the share buyback.
To be honest, I can't work out if I should be outraged or if I should buy more at this artificially suppressed share price!
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 24/6/2024 10:37 by tigerbythetail
AGM update as dry as dust - nothing but bare facts.
It occurs to me that the board are keeping their heads down and marking time until the dispute over Mme Lim's will is resolved, and it becomes clear who AEP's new major shareholder will be.
If I'm right, that's disappointing, of course, and it shows the current directors basic unfitness for office. But that's how it is. And why this company's share price is so wildly out of kilter with its peers.
Posted at 18/6/2024 15:36 by beresford99
Is there a chance that there could be an announcement at the AGM next week that could have a positive effect on the share price ?. MPE have just announced a new share buyback, just when AEP are stopping theirs due to “illiquidity” nonsense, they’ve known all along the share trading is illiquid … I call their actions at worst dishonest, at best misleading. When a company announces a share buyback program they are conveying faith in the company and a belief that the share price is undervalued…. do they now think the share is fairly valued ? They should be buying at least 5,000 shares every day.
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.
Anglo-eastern Plantations share price data is direct from the London Stock Exchange

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