Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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AngloEastern Plantations time to BUY :
The son of AEP majority shareholder Kim (who just passed away) is taking over from his mother as non Exec at board.
Business graduate and young man.
In my view he’s s going to work out that the co sitting on this mountain of cash and being debt free is nonesense. Expect BIG capital rerun story.
And AEP share p will close out the massive valuation discount to peers.
3x upside relative. Again if you like MP you will LOVE AEP.
BUY BUY BUY.
English must agree with you
Sold my last lump today
Was in at mid sixes
Cannot trust this new man in charge of the country
Willy nilly decision making what next !!
Snatch back of land very possible
Should have stayed in Malaysia!!
Much better run country for business
GLA
The problem for all the palm oil providers is political interference. Looking at the financials it is a no brainer to buy but there is a government who regularly impose random tariffs and even talk about land redistribution. Means revenues could vanish overnight for entirely random reasons.
Further to my last post, i just read all to do with export duties etc....
Any idea why this big drop today???
…You HAVE to take a look at AEP too.
90% (!) FCF Yield - with co effectively trading at CASH by year end.
Roadkill valuation just not sustainable…
This will skyrocket. BUY
A question for the board from a new member in the states. Are there a lot of refinery’s converting in Europe from running crude to renewable feedstocks? There are 15 to 20 refineries in the states that are converting from crude inputs to tallow, used cooking oil and seed oils to produce renewable diesel and jet fuel. I am involved with one of those conversions. There are limited quantities of tallow and used cooking oil available so seed oils will be the bulk of the inputs. Due to the volumes involved this will cause a sea change in demand. For example, Philips and Marathon both just had northern CA refinery conversions approved and when up and running in 2023 each will require 50000 bpd of seed oil. That’s 750 million gallons each of seed oil per year inputs, and we have many other conversions underway. Also, the days of soybean, rapeseed, sunflower, palm oil etc all having separate pricing are going to be gone. They are all going to more or less parity. We are agnostic which seed oil we will run, it’s simply a function of what’s available at least cost. So, soybean which currently sells at a 300 ton premium over palm is going to largely disappear. Due to the demand change coming in the seed oil space that is going to extend decades and be very supportive of pricing, I am interested in the palm oil space as it’s the most efficient seed oil to produce and hence the question regarding if there are Euro refinery conversions that are going to add fuel to the upcoming oil seed fire. Looking at the players, I like Okomu due to the lack of government interference but in the states we are precluded from buying on the Nigerian exchange. Same holds true in Jakarta and the dozen or so mid size plantations that trade there which is too bad as many are attractive. I think something like Sarawak Oil Palms is attractive if you can buy it. In the states we can buy the listed ones in Singapore and Bumitama seems well run, attractively priced and has good volume. Closer to home SIPEF trading in Brussels looks okay but thinly traded. In the UK, personally REA’s balance sheets is just too much of a train wreck for my palate but I can appreciate the comments here about the leverage that implies. MPE has a great balance of shareholder friendly, valuation and trading volume. AEP is just mispriced. At 1 times earnings net of cash, and having 50k undeveloped ha when Indonesia hasn’t granted any more land to plantations in three years, its valuation is a small fraction of every other oil palm listed company but has been mentioned here it’s probably the least shareholder friendly and it’s anybody guess if or when that ever changes. In any event, with the upcoming demand shock and the supportive effect it will have on pricing, you can probably do well with any oil palm company over the coming decades. There may just be a second coming of glory days of the oil palm companies 15 plus years ago when they all sold at PE’s north of 20.
It was maybe more interesting for what it didn't say (extension planting progress or lack of, reasons for slow certification of mills, detailed reason for flat production such as evacuation problems during rainy season/flooding/trees taking a rest/yields on older trees falling etc.)
Worries here
Just more divis
sector article:
https://www.npr.org/sections/money/2022/05/03/1096044152/how-palm-oil-prices-are-affecting-the-global-economy?t=1653059981194
Are reporting that they will also ban crude palm also
Get the divi tomorrow and time to depart been in since six fifty
Agree it is palm olein and not palm oil that is banned from export. Today's mega price rise in ringgit on the front end of the palm oil price curve e.g. the June contract up 678 rinngit to 7,465 must have occurred for a good reason, so maybe the Indonesians are going to restrict the export of CPO. John Lewis, the main poster on REA, points out that there is limited storage capacity for CPO, so even if they are going to ban its export, they can't do it for long. Maybe the futures market is anticipating a further rise in the export levy and export tax charges.
Palm Oil now 9% up to 6955 MYR
Why the price action?
No export ban.
Palm oil prices rises.
= MPE flooded with cash.
https://www.bloombergquint.com/business/palm-oil-jumps-almost-5-as-top-shipper-indonesia-to-ban-exports
Now no cpo export ban according to this. ...mmm
The official objective is to lower the price in local market. This will happen quickly as exporters redirect supplies into local market. Hopefully this export ban will be short-lived, as the refiners will bear the brunt of this ( they have to keep their refineries going, or lay off staff) so in future will ensure the local market is supplied. Hopefully growers won't be affected, but that depends on how long the export ban will stay in place.
Indonesia what are you doing
Are MPE still producing in Malaysia??also
Strange move down though
Surely the price will rise for buying the palm oil ??
Has rare as truffles apparently
Palm oil will be in such demand
No wars in SE Asia boom
Fifteen pound next destination
Boom
Tipped in the MOS today. https://www.thisismoney.co.uk/money/investing/article-10630485/MIDAS-SHARE-TIPS-UPDATE-MP-Evans-palm-oil-certified-sustainable.html
correction:
rather, it will be the forward looking statement about whether our company is able to obtain these high international prices or their equivalent less export deductions THAT MATTERS
"Incoming before results ??" Yes, it is possible, but I think the most likely reason is the clue in the palm oil price curve (front month, March 2022 dropped today after an utterly mega rise of about 500 ringgit yesterday, but the whole of the rest of curve out to back month, March 2023 has risen quite a bit today, pointing to good profits, previously unanticipated, for the rest of FY2022). I wonder if most of the palm oil price curve has risen due to an anticipated short supply of sunflower seed oil from Ukraine later on this year? I am not expecting any surprises when FY2021 results are published; rather, it will be the forward looking statement about whether our company is able to obtain these high international prices or their equivalent less export deductions: new rules require a permit to be obtained to export CPO, I wonder, and the permits are probably only granted if the exporter agrees to make a decent amount available to the domestic market. JMV.
Incoming before results ??
Hops, thank you. I hope you have a profitable day too.
Nobull. Good morning! Apologies, my point was that if you invest in smaller companies, you must expect to do your own research and not rely upon other medium for obvious reasons.
Doing your own research, is very time consuming, but can be very profitable.
Good luck and I hope you have a profitable day.