Member Info for CJ66

I agree this will bounce back when things calm down, but it might take longer than expected.

They say the regime is like a state within a state and care about self preservation above all (even religion),

therefore they are less likely to splinter or collapse.

There also appears no end game and oil will be in trouble for some time as I see it.

Hope to be proved wrong!

Tend to agree Target - ST of investors chronicle still only has the adjusted eps of the existing business as 3.3p for 2027 and 3.4p for 2028.

Don't know exactly how he got the figures, (he's suggesting adjusted profit of circa £9.5m) but it rather suggests we are reliant on the existing business turning around or judicious use of the cash position with acquisitions. Either way the value does have a big sniff of finger in the air to me and wants something more substantive to substantiate the talk of 90p+

Glad to be wrong!

Still showing signs of the same management weakness. The rate of 1% a month sounds like 12% and very high to me. As someone in procyrement an extra fee for arranging this as well sounds like poor negotiating. The high rate indicates an unforseen sudden need for a tie over loan that they appear to be trying to disguise rather than admit. Like our politicians they need to start telling the truth and improve long term scenarios to really gain our confidence. I love the company but fear the management is what the share price telks me!

Normally bad news for a company....but I feel on this occasion it may benefit them!

Heres hoping they find a strong new candidate.

The price of cpo is historically very high, and at present consistently high (unlike most of the metals). This means with a relatively fixed cost base and steady acquisitions the cash is pouring in at present. Expect more bumper results....

Seems pretty hot - due to a relatively fixed cost base an increase in product of 7% & price by 7% doesn't equal a 14% increase in profit but considerably more, maybe 20%+.

They can't keep up with the cash piling up as the cpo price remains very historically high and hasn't dropped at all, unlike the yo yo of metals.

What's not to like......

Think I will sell the rest after the redemption paid out. Price is clearly showing the performance of the company is pretty feeble.

Again don't understand the selling of assets at moderate prices said to be due to poor outlook. Now returning less than your original outlook when you would have thought the smart move would be to keep the money and then purchase when you believe the cycle is near the bottom.

I wouldn't be surprised if in about a years time they try and raise a whole load more shares to purchase more ships.

Seems like rinse cycle repeat but unfortunately turning 100p into 80p each time - don't know about others, but I can see many better opportunities and have learnt again the importance of good management....

Nobody has a crystal ball on the future - but I can say I have been invested in AEP & MPE since 1992 and these land grabs have popped up a number of times over the years as 'crowd pleasers' rather like weailth taxes over here.

I have also lived in that part of the world when younger and general unrest does occur every so often. This is often channelled to foreigners or chinese again similar to our immigration, but just can be a little more heated there. These 2 companies have been operating for many years and are well versed with this. You may sell, but I would personally not, but take it as part of the varying geopolitical risk that can effect prices. It's partly why these 2 are so cheap!

Good to hear - never underestimate how important good management is in a companies present and future.

The take back of assets is a recurring theme of leaders over the years, but despite this being one of the geo political risks, they have always come to nothing due to the courts and realisation of needing foreign investments.

As said on aep , both they and mpe have the full govt rights for the land ownership, whilst the govt is after the many that don't...

Aep & mpe should be safer as they have the hak gunya's (spelling?) Which are the official rights to use, but take some time so some operators start anyway or perhaps just try and ignore.

Being part of the rspo should also help the keeping well above board clarity.

Don't think it will have any real effect on the price & I have read somewhere that rather than being reforested, much of it looks like a govt plantation grab excuse....

Maybe just less bad than thought 40-45p eps?

Sounds cheap on a pe & cash basis, but there are no real drivers at present in this country.

Power prices high, dwindling cash & little umph on europe either. Pedals hard to even stay still, just hope at some stage something turns, but at present far better to be in commodities.

Sold 1/2 my holding here some time ago. The other 1/2 is in the draw labelled perhaps 1 day !

Really disappointing in what I think underneath is a good and efficient company, it's just that the govt only thinks overseas now. Take current talks of building chinese ev's at a jlr plant etc....

Yes remember commodities are always volatile, so share price often behind or hardly believing it will remain when they are on the tear.

Agree with quiggers that this does currently look sustainable and hence still an opportunity...

Spread is large as very small volumes traded daily so the mm's don't get to caught out.

I know commodities are always going to be volatile but with gold at near 5000 and copper 6 your making hay whilst the sun shines, so great that aaz progress quickly and put the dam issue well behind them. I have always found the board pretty grounded and truthfull, unlike some minnows keen to over promise and under deliver.

Just for interest, I looked up my original purchase of AEP which was in 1992 at 47p.

I did also buy some MPE at a similar time, known then as rowe evans, but a little more complicated as they had around 5 companies all with large cross holdings I presume to prevent being taken over which was quite canny. When larger merged them all together and moved from Malaysia to Indonesia seeing the potential for gaining larger sites & cheaper costs.

I digress, but it shows why I am quite happy to see the family silver (cash) kept and the merits of long term holding of well managed companies.

I can see after I have probably gone in another 30 years they might well be £50 !

Sam - I believe the thinking goes that if emirates are paying for the refurbs then they wouldbe more likely to purchase them outright. Aa4 & our preference would be to extend the leases to carry on the lucrative lease payments and 2p dividends. This would also give greater value over asset life as well.

On the question of buys & sells - these are not on actual data, but given estimates against the buy and sell indicators. On major shares they are usually pretty accurate as the spread is small. However quite often wrong on small caps where a price for example says buy at 57 sell at 56 - you often get a favourable buy price of say 56.4. So it takes the mid point at 56.5 and says you must be a sell. You have to take these with a pinch of salt as indicators not as deliberately misleading or market manipulation as I have seen comments of!

I largely think it's just poor momentum and people forgetting that it's not necessarily 2p a 1/4 forever. Also perhaps being greedy about what the planes may be worth & hoping the leases would be extended.

Ironically however this is starting to look like a contrarian buy - even a 1p divi a quarter is looking respectabke % wise and the further from the guesstimate of perhaps 68p a share value is starting to look more attractive as the price drops....any spare cash about?!?

Have to agree with the last posts as well 'value'.

Been an investor here for about 30 years.

Madam Lim was famously cautious and rejected a bid offer of 50p many years ago - so no complaints of this tortoise approach in contrast to many other companies from me....

....had to laugh when it's 1/2 year results stated that it's business is - to develop mixed signal semi conductors for the market.

Mixed signal for us investors too...umm!!

It is slightly worrying if 'somebody close knows something' about it's progress and order book. It's trading update is not until March and final results June from last year.

It's balance sheet is very solid, but it could do with a better pipeline of sales. Perhaps it's lack of rns announcements, although no different to usual is just implying a lack of really positive progress?!