Anglo-Eastern Plantations Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:AEP.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9370723 http://www.bloomberg.com/video/80602642/ By Alex1978 ]]> http://www.iii.co.uk/investment/detail?code=cotn:AEP.L&display=discussion&id=9370723&action=detail Thu, 01 Mar 2012 10:14:00 GMT Alex1978 tag:iii.co.uk,2003:tst.9370635 http://www.bloomberg.com/news/2012-02-29/cooking-oil-imports-by-india-seen-at-record-as-harvests-decline.html By Alex1978 ]]> http://www.iii.co.uk/investment/detail?code=cotn:AEP.L&display=discussion&id=9370635&action=detail Thu, 01 Mar 2012 09:59:00 GMT Alex1978 tag:iii.co.uk,2003:tst.8701058 Created: 31 August 2011 Written by: John Adams
http://www.investorschronicle.co.uk/Companies/ByEvent/Results/Analysis/article/20110831/bf9c6e36-d3c6-11e0-9ac6-00144f2af8e8/Toppy-palm-oil-price-boosts-AngloEastern.jsp

Production growth and a high crude palm oil price (CPO) buoyed rubber and palm plantations group, Anglo-Eastern.
The average CPO price rose to $1,198 (£735) per metric tonne in the first half - 49 per cent higher than the average for 2010's first half - and reached a high of $1,335 per metric tonne during the period. Admittedly, the CPO has weakened of late, helped by a release of Chinese stockpiles of edible oils. But management expect prices to remain generally firm, driven by a pick-up in demand during Ramadan and lower-than-expected harvests of soybean in America and rapeseed in Europe. Rising biofuel demand on the back of toppy crude oil prices will help, too.
In the first half, Anglo-Eastern's own crop production increased 19 per cent to 315,787 metric tonnes - reflecting better weather in South Sumatra and growth in capacity, with a further 2,900 hectares of matured palms available for harvesting. Dry weather in South Sumatra and Central Kalimantan has left the new planting programme behind schedule, although the group plans to continue planting 5,000 hectares of new areas in these two regions before the year-end. Meanwhile, rubber production grew 11 per cent to 355 metric tonnes and benefited from a 67 per cent hike in the average rubber price to $4,887 per metric tonne.
ANGLO-EASTERN PLANTATIONS (AEP)
ORD PRICE: 680p MARKET VALUE: £ 269m
TOUCH: 675-688p 12-MONTH HIGH: 815p LOW: 515p
DIVIDEND YIELD: 0.4% PE RATIO: 7
NET ASSET VALUE: 1,047¢ NET CASH: $69.6m
Half-year to 30 Jun Turnover ($m) Pre-tax profit ($m) Earnings per share (¢) Dividend per share (¢)
2010 78 27.0 42.0 nil
2011 129 50.3 75.0 nil
% change +66 +86 +79 -
£1=$1.63
IC VIEW
Decent production growth and a sustainably high CPO price bode well for Anglo-Eastern. Yet, strip out the cash pile, and the shares trade on under six times earnings. Long-term buy. By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:AEP.L&display=discussion&id=8701058&action=detail Wed, 31 Aug 2011 17:33:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8691513
What is there not to like , sat on a cash pile , a huge land bank to develop and the 54,000 Ha of planted is churning out fat profits ... By catsick ]]> http://www.iii.co.uk/investment/detail?code=cotn:AEP.L&display=discussion&id=8691513&action=detail Sat, 27 Aug 2011 04:21:00 GMT catsick tag:iii.co.uk,2003:tst.8685294 http://www.fool.co.uk/news/investing/2011/08/25/8-indonesian-opportunities.aspx
BY
Padraig O'Hannelly

Published in Investing on 25 August 2011

Indonesia is booming, and we look at eight London-traded shares that could benefit.

Despite many reports, world economies are not all gloom and doom. Indonesia, for example, is booming, and several businesses on the London market have big investments in the country.

Its GDP grew 6.5% in the three months to June from a year earlier, the third straight quarter that growth exceeded 6%. Mark Mobius summed up the country's prospects last year when he said, "Indonesia's natural resources and large population put it in a positive position to attract investments and establish a strong economy".

And while Mobius is not blind to the problems in Indonesia -- in April he challenged the government to raise its game, saying "it's going to be critical for the government to move quickly and aggressively on inflation to satisfy people who are frustrated by local government corruption" -- it still accounts for 2% of Templeton's emerging market portfolio.

The recent elevation of Bumi (LSE: BUMI) to a premium listing on London's main market has highlighted the attractions of Indonesia for British investors, but there are still plenty of small cap opportunities to be had.
Let's start with the miners and drillers
Bumi

Bumi comprises two coal-mining businesses and a portfolio of base metal, iron ore and precious metals assets. The company has significant coal producing assets in Indonesia, and with a market capitalisation of around £1.6 billion it could soon join the FTSE 100.

Archipelago Resources (LSE: AR)
Archipelago was floated on the London AIM market in September 2003, having acquired its principal asset, the Toka Tindung Gold Project, from Aurora Gold in February 2002. Having grown 25-fold in under three years, the company now has a market capitalisation of over £400m, and has recently recruited a new CEO from BHP Billiton (LSE: BLT).

Sound Oil (LSE: SOU)
AIM-listed Sound Oil's current project focus is on Italy and Indonesia where it has interests in oil exploration and development licences. After a steep increase, the shares have slipped significantly over the past year due in part to problems with permits in Italy. On the plus side, the CEO recently bought shares at 10% above current prices.

Churchill Mining (LSE: CHL)
The company says it has a significant thermal coal development project in the Kalimantan region of Indonesia, and a strategic holding in Spitfire Resources, who are developing a manganese project in Western Australia. But with the company mired in legal disputes relating to licences, the shares have slumped, and its market capitalisation of £21 million is now roughly equal to its cash in the bank. Should the company win in the courts, these shares would surely rally.

Kalimantan Gold (LSE: LSE)
Valued at just £7m, shares in this gold miner have been a real roller-coaster over the past year. The Company is focused on gold, coal and copper projects in the Kalimantan province, and has also signed an option agreement on another eleven coal prospects.
And now, the palm oil growers

Anglo-Eastern Plantations (LSE: AEP)
AEP, valued at around at £260m, owns approximately 133,000 hectares of plantation land, primarily in Indonesia, and operates approximately 54,000 hectares of developed plantations.

MP Evans Group (LSE: MPE)
Slightly smaller and more diversified, Evans' assets consist of oil-palm plantations in Indonesia, beef-cattle interests in Australia, and property development in Malaysia. The board intends to develop and plant approximately 3,000 hectares per annum of environmentally sustainable oil palm. Aberdeen Global Asian Smaller Companies Fund has just increased its holding to over 11%.
And one hybrid

R.E.A. Holdings (LSE: RE)
Combining the two dominant themes of resources and palm oil, REA Holdings is By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:AEP.L&display=discussion&id=8685294&action=detail Thu, 25 Aug 2011 12:01:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8203416 In the reported results, cost of sales rose from $88m to $119m (a massive ~35% increase), which is why the profit failed to rise in line with CPO price. I believe that the cost of sales includes planting costs and mill investment costs, as this appears nowhere else in the figures. I find this reassuring. This (last) year's newly planted estate will start to yield within about 24 to 30 months, so we will see a rapid rise in FFB's produced over the coming years and hence in revenue and profit.
I'm holding this for the growth at this time.
Regards,
Happy By Happy Rabbit ]]> http://www.iii.co.uk/investment/detail?code=cotn:AEP.L&display=discussion&id=8203416&action=detail Wed, 04 May 2011 11:59:00 GMT Happy Rabbit tag:iii.co.uk,2003:tst.8202572 http://www.iii.co.uk/investment/detail?code=cotn:AEP.L&display=discussion&id=8202572&action=detail Wed, 04 May 2011 09:55:00 GMT AvonSeaWitch tag:iii.co.uk,2003:tst.8198056 Planted area up 16% and will continue to increase by 10,000 ha/y for the next four years, doubling the planted area over five years.
FFB production up 20% in early 2011, due to better weather and yield.
New mill on line (45mt/h) plus upgrade to existing mill (+15 mt/h) due soon and another new mill to be built.
CPO price likely to be ~$1000/mt in 2011 cf average ~$892/mt in 2010.
Net cash increased by 32% to $48.8m whilst all the extra planting and buildings was been paid for.
Cash in the bank is now $70.9m, and they continue to pay off their borrowings which now 'only' stand at $22.1m.
Net cash flow has increased greatly (+72%)
Net assets have increased dramatically due to biological asset revaluation, in large part, but then that is the major asset class of a plantation ... so I've no problem with it being counted in the assets!
On the down side, well not a lot really. Fertilizer expenditure will rise, as will labour costs no doubt and there will be costs associated with the forest sustainability initiative ... but I've no argument with any of that.
This continues to be a 'growth' stock (actually, quite literally, I suppose!) in my portfolio, and in a few years, I expect in to become a significant revenue earner too.
Regards,
Happy

By Happy Rabbit ]]> http://www.iii.co.uk/investment/detail?code=cotn:AEP.L&display=discussion&id=8198056&action=detail Tue, 03 May 2011 11:54:00 GMT Happy Rabbit tag:iii.co.uk,2003:tst.8180353 Created: 27 April 2011 Written by: John Adams
These impressive figures from palm and rubber plantations group Anglo-Eastern Plantations largely reflect a soaring crude palm oil (CPO) price - the CPO price rose 53 per cent in 2010 to end the year at $1,195 (£726) per metric tonne. Earnings also received an $18.4m boost from a revaluation of its biological assets - essentially the plantation estates.
But production figures were not so impressive and fresh fruit bunch (FFB) output from the core Indonesian operations fell 3 per cent to 258,000 metric tonnes. In north Sumatra, that largely reflected a lower yield from an older crop base, while in southern Sumatra - where FFB production dropped 10 per cent - operations were hit hard by extreme rainfall. Still, production increased 10 per cent in Indonesia's Riau region, and 6 per cent in Malaysia. And Anglo-Eastern's rubber operations grew pre-tax profit 72 per cent to $3.1m on the back of an average rubber price that jumped 83 per cent to $3,300 per metric tonne.
Moreover, management intends to expand and expects to increase its planted area from 52,000 hectares now to 92,000 hectares by 2014.
ANGLO-EASTERN PLANTATIONS (AEP)
ORD PRICE: 767p MARKET VALUE: £308m
TOUCH: 764-770p 12-MONTH HIGH/LOW: 815p 455p
DIVIDEND YIELD: 0.4% PE RATIO: 10
NET ASSET VALUE: 886¢ NET CASH: $48.8m
Year to 31 Dec Turnover ($m) Pre-tax profit ($m) Earnings per share (¢) Dividend per share (¢)
2006 79 29.0 42 10.8
2007 128 53.6 78 14.0
2008 175 77.9 105 5.0
2009 150 62.1 95 5.0
2010 187 85.0 130 5.0
% change +25 +37 +37 -
Ex-div: 25 May
Payment: 28 Jun
£1=£1.65
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TIP UPDATE
Buy
CPO prices look set to remain firm on the back of strong palm oil demand from emerging markets, as well as from growing biofuel demand in the face of rising crude oil prices. Rated on 12 times underlying earnings, the shares remain a long-term buy.
Last IC view: Buy, 509p, 13 April 2010 By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:AEP.L&display=discussion&id=8180353&action=detail Wed, 27 Apr 2011 10:13:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8175254 http://www.iii.co.uk/investment/detail?code=cotn:AEP.L&display=discussion&id=8175254&action=detail Tue, 26 Apr 2011 10:28:00 GMT AvonSeaWitch tag:iii.co.uk,2003:tst.8115050
The same source is also indicating that the "Full year 2010 Ex-dividend date - Proposed" is April 27th By Bowman ]]> http://www.iii.co.uk/investment/detail?code=cotn:AEP.L&display=discussion&id=8115050&action=detail Mon, 11 Apr 2011 21:47:00 GMT Bowman tag:iii.co.uk,2003:tst.8112790 http://www.iii.co.uk/investment/detail?code=cotn:AEP.L&display=discussion&id=8112790&action=detail Mon, 11 Apr 2011 14:22:00 GMT AvonSeaWitch tag:iii.co.uk,2003:tst.8111488 Does any one have any info? Share price seems to be doing well, so we can assume that somebody has got the info, but not the poor old retail investors!
Happy By Happy Rabbit ]]> http://www.iii.co.uk/investment/detail?code=cotn:AEP.L&display=discussion&id=8111488&action=detail Mon, 11 Apr 2011 10:57:00 GMT Happy Rabbit tag:iii.co.uk,2003:tst.7914683

And catching up.



Ekati By Ekati ]]> http://www.iii.co.uk/investment/detail?code=cotn:AEP.L&display=discussion&id=7914683&action=detail Sat, 05 Mar 2011 12:25:00 GMT Ekati tag:iii.co.uk,2003:tst.7914358
Is there some news out or are we just playing some more catch up ? By catsick ]]> http://www.iii.co.uk/investment/detail?code=cotn:AEP.L&display=discussion&id=7914358&action=detail Sat, 05 Mar 2011 10:31:00 GMT catsick