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
  -5.00 -0.82% 602.00 1,126 16:35:17
Bid Price Offer Price High Price Low Price Open Price
598.00 606.00 606.00 594.00 596.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 196.80 37.79 58.75 10.4 238
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:36 AT 14 598.00 GBX

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Anglo-eastern Plantations Forums and Chat

Date Time Title Posts
03/7/202114:12Anglo Eastern Plantations--oil my palms?1,597
12/6/200216:39Anglo Eastern Looks Dire18
11/4/200216:02Anglo 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
2021-08-04 15:29:36598.001483.72AT
2021-08-04 15:29:15604.0016.04O
2021-08-04 15:20:18606.00100606.00AT
2021-08-04 12:37:45594.0015.94AT
2021-08-04 07:03:24596.001,0106,019.60AT
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Anglo-eastern Plantations (AEP) Top Chat Posts

Anglo-eastern Plantations Daily Update: Anglo-eastern Plantations Plc is listed in the Food Producers sector of the London Stock Exchange with ticker AEP. The last closing price for Anglo-eastern Plantations was 607p.
Anglo-eastern Plantations Plc has a 4 week average price of 584p and a 12 week average price of 560p.
The 1 year high share price is 724p while the 1 year low share price is currently 461p.
There are currently 39,490,272 shares in issue and the average daily traded volume is 3,464 shares. The market capitalisation of Anglo-eastern Plantations Plc is £237,731,437.44.
nobull: Skanjete, thanks for that. I think the fact that AEP is open to meeting its shareholders in the UK in person is a good sign, and that the accumulation of cash, while detrimental to the overall ROCE, probably isn't due to inattention to the business or for the reasons hinted at by IHR in his post above. I think I get the reason now. Thanks. MPE claims it is waiting for the RSPO rules to bed down before extension planting, but I don't think that is entirely the real reason either. I looked up your moratorium on new planting and found this: www.thejakartapost.com/news/2020/10/01/two-years-on-ban-on-new-palm-oil-plantations-brings-little-change.html (please put h t t p s : / / in front for the link to work, omitting the spaces) BTW, I would expect AEP to have the best CAGR simply because it changed to a lower payout ratio a few years' ago. The cash build up probably holds back the performance of the share price (damages the growth rate?) as does the low payout ratio, but the good news is the time to buy, as ST in IC presumably thinks, is before these factors change, assuming one is confident that cpo prices are not about to go into free fall. JMV.
skanjete2: AEP is the best managed palmoil plantation business, by far. People say shareholders don't see a share of the profits, but if you make a long time stock price comparison with the other plantations (Sipef, MPE, REA, Astra Agro Lestari, Wilmar,...) AEP is the clear winner. And that with a very conservative balance sheet. Besides, if opportunity arises, they do use the cash. I remember they used some cash in the years 2000-2002 to buy in their own stock when it was even cheaper than now. They also made some very nice acquisitions. Bina Pitri was a phenomenal investment I remember. So I think it pays to just have some patience. The case for palmoil is that consumption keeps rising by about 3%/year since palmoil is by far the cheapest vegetable oil. There is also they use as biofuel which is considered to be the solution for CO2 reduction from shipping and air travel. Production of palmoil won't grow that easily anymore since there is a moratorium on new plantations since 2011. The major expansions of those years are mature now, and it seems production won't rise that easily anymore. So I think the chances are reasonable that we have a prolonged period of firm prices (>750US$).
gb904150: thanks for the correction nobull. I've asked some questions of our Executive Director, Dato’ John Lim Ewe Chuan (DJLEC). Need to start abbreviating these! DJ-LEC for a start. Our BOD are getting on a bit. Madam Lim Siew Kim is 72yo and DJLEC is 71. They do seem quite careful custodians of the business....but I'd like to understand why shareholders don't see a share of the profits.
nobull: If only the REA CEO (£490k) would take note of John Lim Ewe Chuan's salary... I expect JLEC is part of the family, and that's the reason for the incredibly modest salary. I can only look on in wonderment at AEP, as REA has just got itself an additional $20m debt headroom fix, possibly to blow on director bonuses while adding $2m a year to financing costs, and, as a result, pushing out the prospect of it ever being profitable out to infinity - yet, agriculturally, it does the job right (5.5 tonnes of CPO per mature hectare?). Mdm Lim could easily blow some of that cash mountain planting up all that vacant land - so why doesn't she?
gb904150: NTV - can you give any of the text of the tip? Just a summary would be nice to understand the rationale. On fundamentals AEP is dirt cheap. Soft commodities and food in general look to be a good investment for the next few years and CPO prices are booming. That, plus some loosening of levies and export taxes are supportive. That said, Madam Lim Siew Kim is a majority shareholder (20.2m shares) with 51% via Genton international Ltd and that seems to put a lid on the Mcap here. She doesn't seem interested to distribute any profits via dividends (0.1% yield). So what is the plan? The small amount of bank borrowings $8.8m have been paid off. There's no large reinvestment in operations/growth...so it's not clear. Nor does she appear to unfairly profit from the operations as some majority holders do . Salaries are modest and she only took $55k as remuneration in 2020. The CEO (Dato' John Lim Ewe Chuan) was only paid $103k last yaer, down from $116k. Total group remuneration was down to $48m in 2020 from $50m last year. AGM was held on 28th June in Malaysia and they said SH's could ask questions but it had to be pre 24th June and they've not released any Q&A. I noticed they said they would organise a meeting in London when possible to interact with shareholders so perhaps that's the opportunity to know more.
skanjete2: With the lower levy and export tax, the plantations will receive the same net CPO price as if CPO still was 1200US$/ton some time ago. Net CPO prices are about 750US$/ton, maybe a little more. These are really good, profitable prices. AEP will be printing money this year.
ntv: Slowly but surely AEP is approaching this number. As they state in their report, a solution would be to get a listing in Jakarta. And obviously, palmoil plantations get a whole other valuation over there than in London... so what are the valuations in Jakarta ? Where do they state they might be seeking a listing in Jakarta?
ntv: The group comprising Anglo-Eastern Plantations Plc ("AEP") and its subsidiaries (the "Group"), is a major producer of palm oil and to a lesser extent rubber with plantations across Indonesia and Malaysia, amounting to some 128,000 hectares so where is the restriction in ownership?
skanjete2: Buying REA would be quite ironical : AEP was born out of REA (and others). I'm sceptical though that the family Robinov would be willing to sell REA. Moreover, in view of all the debt at REA, REA isn't really cheap at the moment, even with the low share price.
skanjete2: ? indeed. When palm oil prices rise, the share price doesn't move. When palm oil prices come down again, the share price follows. This must be one of the cheapest shares around at the moment. On a cash flow basis as well as on an asset basis.
Anglo-eastern Plantations share price data is direct from the London Stock Exchange
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