I continue to believe that this company is very undervalued now and even more on a three year view! The "market size" is only 300 shares and consequently very difficult to build up a worthwhile holding.
I believe the share price is held back by shareholders concerns about the on going weather problems "in Australia"
Rain is very benificial where the properties are situated
These shares have had a good run, but I suspect very still undervalued on a three year view.
AEP would appear to be very undervalued on P/E of only 11 and certainly when compared with the eastern giants
The shares in AEP. have had a welcome rise but would still seem to have some way to go to catch up with other Palm Oil producers.
AEP P/E 12.54
Kuala Lumpar Kepong (KLK:MK) P/E 22.25
MPE P/E 19.38
REA (RE) P/E 14.71
SiME Darby (SIME:MK) P/E 75.32
WILMAR (WIL.SP) P/E 19.03
Does anyone have any views on the above?