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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
|
|
|---|---|---|---|---|---|
| 12.00 | 1.44% | 844.00 | 28,965 | 16:35:02 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 830.00 | 838.00 | 840.00 | 822.00 | 822.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Shortng,oils,margarine, Nec | USD 372.26M | USD 67.51M | USD 1.7097 | 4.90 | 328.55M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:02 | UT | 5,445 | 844.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 09/6/2025 | 16:35 | UK RNS | Anglo-Eastern Plantations PLC Trading Statement |
| 03/6/2025 | 07:30 | UK RNS | Official List Restoration of Listing |
| 30/5/2025 | 18:21 | UK RNS | Anglo-Eastern Plantations PLC 2024 Annual Report & Accounts and Notice of.. |
| 30/5/2025 | 18:10 | UK RNS | Anglo-Eastern Plantations PLC Final results for year ended 31 December 2024 |
| 22/5/2025 | 14:30 | UK RNS | Anglo-Eastern Plantations PLC Update on 2024 Audit Completion |
| 01/5/2025 | 07:00 | UK RNS | Anglo-Eastern Plantations PLC Transaction in Own Shares |
| 30/4/2025 | 07:00 | UK RNS | Anglo-Eastern Plantations PLC Trading Statement & Delay in 2024 Audited.. |
| 29/4/2025 | 07:00 | UK RNS | Anglo-Eastern Plantations PLC Transaction in Own Shares |
| 28/4/2025 | 07:00 | UK RNS | Anglo-Eastern Plantations PLC Transaction in Own Shares |
| 24/4/2025 | 07:50 | UK RNS | Anglo-Eastern Plantations PLC Transaction in Own Shares |
Anglo-eastern Plantations (AEP) Share Charts1 Year Anglo-eastern Plantations Chart |
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1 Month Anglo-eastern Plantations Chart |
Intraday Anglo-eastern Plantations Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 19/6/2025 | 07:48 | Anglo Eastern Plantations--oil my palms? | 2,217 |
| 10/4/2025 | 10:48 | ANGLO EASTERN VERY VERY CHEAP ASSETS Ј 1.40P | 293 |
| 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 |
|---|
| Top Posts |
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Posted at 22/6/2025 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 832p.Anglo-eastern Plantations currently has 39,488,594 shares in issue. The market capitalisation of Anglo-eastern Plantations is £330,914,418. Anglo-eastern Plantations has a price to earnings ratio (PE ratio) of 4.90. This morning AEP shares opened at 822p |
Posted at 02/6/2025 08:30 by skanjete2 It's clear there's a more dynamic team at the helm with the young Marcus.First step would be to get a similar valuation as MP Evans. That alone would create a big uplift in valuation and share price. The steps they're taking are in the right direction, so that should be a realistic goal in the coming years. |
Posted at 31/5/2025 13:12 by tigerbythetail I also think the results look good.The benefits of having bought out the minority shareholders in the subsidiary plantations are very clear to see. Still way too much cash in the company - the stress test they use is ridiculously & comically conservative. I think the market will discount the share price until that cash is used more productively, but as problems go, it is not the worsts one to have. Madame Lim's will (Genton = 52% shareholder) still in probate, so I don't imagine there will be any corporate action until that is resolved. Overall, this trades at a heavy discount to market peer MPE (which itself isn't expensive) and IMO is clearly undervalued. |
Posted at 30/5/2025 18:44 by 34adsaddsa This is good:"At the annual general meeting held on 24 June 2024, a significant proportion of shareholders did not support AEP’s resolution to allot equity securities with disapplication of pre-emption rights. Following the said annual general meeting, the Executive Directors engaged with shareholders who voted against the resolution to gain deeper insights into their concerns. A key theme arising from these discussions was dilution risk, with shareholders preferring case-by-case approvals over a general authority to waive pre- emptive rights. In response to shareholder feedback, AEP does not currently intend to undertake any private placement, rights issue, or allotment of shares, nor seek a general disapplication of pre-emption rights to allot shares in financial year 2025. AEP remains committed to maintaining open and transparent engagement with its shareholders and will continue to align its capital management strategies with their interests." |
Posted at 12/4/2025 20:14 by tim000 I’m not currently a shareholder but I do monitor AEP. 34ads: just as there are rules governing share buybacks, I’m pretty certain there are rules concerning prices for tender offers. I’m likewise pretty certain it would be against these rules to launch a tender offer much (if anything) above the then share price. If you did, it would incentivise management setting high tender prices to raise the share price, which in turn could trigger bonus payments to the very people setting the tender price. I believe buybacks have to be at prices within a small percentage of the recent volume-weighted traded prices. Tender offers probably have similar constraints. |
Posted at 24/3/2025 20:15 by valuewinsout Skanjete2:If what you say is true about limited liquidity, then a share buyback would quickly raise the price of the stock, then surplus capital could be returned via a special dividend. However- I think that once the price starts rising some shareholders would use the buybacks as a chance to cash out for a quick profit, so this would provide more liquidity. The buyback would therefore actually increase liquidity somewhat, and boost the share price, creating value for the remaining g shareholders |
Posted at 20/3/2025 07:44 by chillpill Fact is palm oil price is +20% from this time last year whilst share price +3%.They will be highly cashflow positive at the moment. Unless one of the big holders wants to sell they are unlikely to buy £5m worth as they found out last time they did a share buyback. The signal of intent probably adds £1-2 per share over next couple of months if palm oil prices remain at current levels. We all know this is a hugely undervalued company compared to its assets. |
Posted at 19/3/2025 22:33 by valuewinsout Please see below the text of a letter that I am sending to the CEO of Anglo-Eastern Plantations.---------- Dear Tack Wee Wong, I am a shareholder of Anglo Eastern Planations, through a nominee account held with Interactive Brokers. I have read your annual reports, RNS submissions etc. and researched the palm oil industry, and compared you to your listed competitors, e.g. M.P. Evans. I have been a shareholder since the start of 2024, periodically adding to my position, and am writing to you now to give feedback on your capital allocation policy, and my proposed changes to it. Executive summary: Anglo-Eastern Plantations keeps a huge amount of surplus cash on its balance sheet, holding it in Indonesian Rupiah which has depreciated by a compound rate of -4% over the last 15 years (2010-2025). This capital allocation policy hurts the London-based shareholders of Ango-Eastern, as the company cash assets in Indonesian Rupiah are being continually eroded by inflation. The effect has been to a) destroy shareholder value, by keeping most of the surplus capital in cash, which is depreciating b) reduce the market valuation of Anglo-Eastern Plantations vs peers c) suffer an opportunity cost, of losing the gains that could have been made if the cash were invested in a higher – or at least positive – returning area, either by the company, or shareholders through dividends, or capital returns through share buybacks. The solutions I recommend are: 1. Share buybacks, as AEP is valued at less than book price. This is most tax efficient for shareholders, as no income taxes need to be paid 2. Special dividend to return a significant amount of the surplus capital in one shot 3. Increased dividends on an ongoing basis to pay out most of the earnings to shareholders. Anglo-Eastern Plantations is rated by the market at: 5.5x P/E, 0.7x P/B, and 1.0x P/S M.P. Evans is rated by the market at: 9.9x P/E, 1.3x P/B, and 1.9x P/B M.P Evans does share buybacks, pays out most of their earnings and does not have significant amounts of surplus capital on their balance sheet – which is likely why they are rated at roughly double the value of Anglo Eastern Plantations. Therefore, if Anglo-Eastern Plantations adopted the measures that I am urging you to do, then the share price of the company would likely double (offset by any dividends paid out of course). I shall now explain in more detail the impact of the capital allocation policy to date on shareholders. AEP statements on currency exchange rates and history You have identified currency exchange rates as of one two risks that have a ‘high,’ likelihood in your risk register, on page 33 of the 2023 annual report, and also a, ‘medium,’ Effect of depreciation of the Rupiah vs the US dollar. On page 145 of the 2023 annual report; in the table of sensitivity of the group’s assets to currency exchange rates: you state that a 10% depreciation in the Rupiah would lead to a $13.7M loss. This is because the vast majority of the Group’s cash is held in Rupiah. Over the last 15 years from 2014-2024, the Rupiah has depreciated from 9185 INR, to 16519 INR vs the USD. This is a depreciation of 80% over 15 years, or a loss of -4% compounded per year. If we look at the consolidated statement of changes in equity for the year ended 31st December 2023, on page 11 of the 2023 annual report, we can see there are retained earnings of $826,656,000. Offset against this is -$341,639,000 of exchange reserves. If we divide the exchange losses by the total retained earnings, we can see that 41% of retained earnings have been lost due to depreciation of the Rupiah vs the USD. This is a serious, and ongoing problem for shareholders, which could be mostly fixed by adopting the measures in the executive summary above. Positive moves to improve capital allocation made by the board over the last 1-2 years: I also note the following positive developments, implemented by the board recently: 1. Using surplus capital to buy out all of the minority shareholdings, at favourable prices, which will secure an excellent return for AEP 2. The share buyback, which was started and then aborted. I note, however, that the amounts concerned were very small 3. Exiting loss making operations in Malaysia I look forward to your response to my letter, and anticipate a change to the capital allocation policy to improve value creation for shareholders |
Posted at 06/3/2025 08:50 by spooky It wasn’t ‘small’. This year it will be more significant. Ultimately dividends are always tied to profits. They have tidied up the company quite nicely over the last year or so. With a reasonably stable CPO price the future should provide lots of opportunity for a higher share price IMO. Market does a pretty good job manipulating the share price of this one I think. |
Posted at 03/1/2025 00:54 by nobull Sounds like something, maybe good, might now be done with the cash pile: new chairman.Surely he will not want to be seen to be in charge of an idle cash pile? Of course, the drop in the share price on the day of his appointment is par for the course with this company, a total disconnect between the share price and the good long term prospects here, except for Cenderung, which I hope they sell off. |
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. |
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