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| 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
|
|
|---|---|---|---|---|---|
| 8.00 | 1.32% | 612.00 | 1,789 | 16:35:06 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 608.00 | 618.00 | 608.00 | 608.00 | 608.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Shortng,oils,margarine, Nec | USD 374.89M | USD 64.16M | USD 1.6248 | 3.74 | 238.51M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:06 | UT | 3 | 612.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 23/8/2024 | 11:24 | ALNC |  Anglo-Eastern Plantations profit rises amid lower costs in first half |
| 23/8/2024 | 07:00 | UK RNS | Anglo-Eastern Plantations PLC Interim Results for six months ended 30 June.. |
| 24/6/2024 | 18:26 | UK RNS | Anglo-Eastern Plantations PLC Notification of change in Director's details |
| 24/6/2024 | 18:23 | UK RNS | Anglo-Eastern Plantations PLC Dividend Declaration |
| 24/6/2024 | 18:20 | UK RNS | Anglo-Eastern Plantations PLC Result of AGM |
| 24/6/2024 | 15:46 | ALNC | IN BRIEF: Anglo-Eastern Plantations expects weaker palm oil prices |
| 24/6/2024 | 07:00 | UK RNS | Anglo-Eastern Plantations PLC AGM Statement |
| 07/6/2024 | 07:00 | UK RNS | Anglo-Eastern Plantations PLC Transaction in Own Shares |
| 06/6/2024 | 07:00 | UK RNS | Anglo-Eastern Plantations PLC Transaction in Own Shares |
| 05/6/2024 | 07:00 | UK RNS | Anglo-Eastern Plantations PLC Transaction in Own Shares |
Anglo-eastern Plantations (AEP) Share Charts1 Year Anglo-eastern Plantations Chart |
|
1 Month Anglo-eastern Plantations Chart |
Intraday Anglo-eastern Plantations Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 27/8/2024 | 13:41 | Anglo Eastern Plantations--oil my palms? | 2,043 |
| 01/4/2022 | 09:08 | ANGLO EASTERN VERY VERY CHEAP ASSETS Ј 1.40P | 291 |
| 12/6/2002 | 16:39 | Anglo Eastern Looks Dire | 18 |
| 11/4/2002 | 16:02 | Anglo Eastern Plantations Not so Dire | 17 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 15:35:06 | 612.00 | 3 | 18.36 | UT |
| 15:28:39 | 608.00 | 1 | 6.08 | AT |
| 13:25:52 | 608.00 | 63 | 383.04 | AT |
| 12:05:59 | 608.00 | 99 | 601.92 | AT |
| 12:05:43 | 608.00 | 1,620 | 9,849.60 | AT |
| Top Posts |
|---|
Posted at 11/9/2024 09:20 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 604p.Anglo-eastern Plantations currently has 39,488,594 shares in issue. The market capitalisation of Anglo-eastern Plantations is £240,090,652. Anglo-eastern Plantations has a price to earnings ratio (PE ratio) of 3.74. This morning AEP shares opened at 608p |
Posted at 26/8/2024 15:47 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 11:02 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 25/8/2024 17:40 by tigerbythetail Or, in other words, the major shareholder could likely engineer a buy-out of the minorities just by using the company's own cash-pile - no new money required!I figure nothing will happen until the law-suits over Madame Lim's will are settled. And then we'll see. Compared to sector peer MPE this is as cheap as chips. And MPE isn't overvalued. But perhaps there are good reasons for AEP being so cheap... |
Posted at 24/6/2024 11:37 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 16:36 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&# |
Posted at 20/5/2024 22:58 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. |
Posted at 17/5/2024 23:33 by 34adsaddsa They'd probably say for flexibility. Resolution 12 at the AGM (giving the ability to allot shares) received 8,697,053 votes against.AEP responded to that with: "We note that the authorities sought by the Company under resolution 12 are in line with the maximum recommended levels contained within the relevant share capital management guidelines and prevailing voting guidelines of leading corporate governance agencies. The Company only retains these authorities to provide flexibility in the capital management of the Company and would only exercise these authorities if it were considered in the best interests of shareholders. Following the AGM, the Company's Executive Director has subsequently consulted and engaged with a group of shareholders who voted against the resolution in order to hear their views and better understand their concerns. The Board is grateful to all shareholders who provided feedback on this resolution. The common theme apparent from the engagement with this group of shareholders was their concern over dilution and that they would prefer not to grant general or annual authorities in respect of changes in equity capital, but instead to review approval when required for specific transactions. AEP is committed to maintaining an open and constructive dialogue with all of the Company's shareholders and will continue to engage with those shareholders for whom this resolution present concerns." On my belief that they will make acquisitions, I have five reasons: 1. They say they're trying to make acquisitions: "During the year, the Group made enquiries on acquisition of plantation lands but nothing materialised because of a lack of quality land or because it was excessively priced. The Group, as part of its strategy, will continue to maintain a disciplined strategy in seeking quality plantation land for expansion." 2. They've just spent $87.8 million buying back minority interests. That shows a willingness to spend significant cash. They didn't have to do it, they chose to. 3. They have been spending significant amounts on growth capex. That's why they will soon have eight mills. I think those internal opportunities are becoming more limited. 4. They've sold lots of weak assets. I think the ego in them will not like being smaller. 5. Having bought out the minority interests and sold loss-making assets, they will be making even greater profits and they're going to be piling up cash as long as palm oil prices stay decent. They could just keep it as cash or do some silly thing in Luxembourg, but I think it's reasonable to assume they want to do what they say they want to do: make acquisitions. |
Posted at 09/5/2024 17:47 by beresford99 Sadly, I think TBTT is correct. The board must have been worried when the share hit 770p, after the measly div and cancellation of the share buyback, the subsequent 12% fall has no doubt has pleased them no end.The share buyback never got off the ground and in point of fact, at one stage MPE we’re buying back more shares in a day than AEP we’re in a month. Even after paying an increased div their shares are now £1.60 above AEP. I’m afraid the minority shareholders will count for nothing when the company is taken private, the cash pile will be of no benefit to us at all. Strangely though, turnover seems to have perked up recently. |
Posted at 09/5/2024 13:26 by tigerbythetail Well, I figure the board can call this mission accomplished - the share price has been successfully suppressed. The cancellation of the share buyback (and the absurd reason given for it) speaks volumes.Of course the board have an unspoken reason for behaving in this way. And, as far as I can see, that reason must be that they are engineering a low-price insider buyout of the minority shareholders, which could be financed entirely by the company's own cash pile. I assume that we have to wait for the final settlement of Madame Lin's will to find out more. I don't know how long that will take. |
Posted at 21/8/2023 08:40 by tigerbythetail Share price being taken down on low volume.Given the company has about 70% of its market cap in cash, and the major shareholder holds 51%, is this leading up to a buyout of the minorities by the major shareholder? They could entirely finance the bid (at a decent premium to the current share price!) using only the company's own cash. Any way you look at it, the directors should be deeply embarrassed by the current share price. There is no way are they properly representing the interests of all shareholders. |
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