Member Info for Malik-

Big impact really?

When you trade on 2x PE all such eventualities are more than priced.
BuY on weakness

Starkest valuation disconnect I am aware of…
This is a SCREAMING Buy.
NO BRAINER Relative trade: LONG AEP, SHORT MPE

AEP Massive valuation discount to MP Evans and Asia peers unsustainable. Ex mountain of cash on B/S (USD190m vs mcap 350m) AEP trades on 2-4x discount to MPE on FCF Y and PE.
Generated punchy 40% ROE at H1 yet trading on 0.6X BV ex cash.
Trades like total roadkill
BUY

AEP Massive valuation discount to MP Evans and Asia peers unsustainable. Ex mountain of cash on B/S (USD190m vs mcap 350m) AEP trades on 2-4x discount to MPE on FCF Y and PE.
Generated punchy 40% ROE at H1 yet trading on 0.6X BV ex cash.
Trades like total roadkill
BUY

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.

Son ok Kim taking over as non Exec at board.
Business graduate. Young.

In my view, He 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 this will close out the massive valuation discount to peers.
This could triple from here.

Probably the best risk/reward play here on uranium.
Discounting uranium price of c$40/lb => 17% upside to trade at nav. And great short squeeze candidate…

Expect buyback to resume anytime now that close-out period over with publication of results.

BUY

(Answer is £140k was spent for asset vs £750k wiped on value today)

This is evidently a knee jerk reaction. What was spent already on this gas peaker?
Vs £750k of market cap wiped?
This is totally overdone.
The Nickel resource is in the ground whether people distrust management or not.

TSX listed company Nickel 28 has an 8.6% stake in an operating nickel mine in Papua New Guinea too, which is majority owned by Chinese group. That nickel asset has similar grades to Corcel and of similar size.
Backing out from Nickel 28 mcap - I get to an implicit value of that mine of USD1bn.
So, two things to take from this 1) The Chinese already operate in Nickel in Papua New Guinea. Recall our MoU is partly with the Chinese. That’s very bullish since it emphasises this is a place they know, and in which they already mine this same metal. 2) Corcel is here valued at a ridiculous 0.3% NAV on the nickel.

(And bear in mind in 2020 the ev revolution hadn’t surgeaced as yet - nickel wasn’t a hot sector, and since, the co has advanced discussions with tier 1 offtakers on these contracts).

Total overreaction to downside. Stock now most oversold since March 2020. Attractive entry point - stock discounted zero from gas peakers - ZERO.

Positive new flow today on outlook for Nickel projects. Main conditional offtake partner invited Corcel Mgt to their offices I. Korea to make this a binding agreement.
This is very positive as the upside from the nickel projects is seriously transformational to Corcel.
On other hand, partner on Avonmouth gas chooses to focus on clean energies (ie storage instead). Disappointing but Avonmouth opportunities was valued at zero in the shares anyway.
=> All in all, net positive on nickel projects development.

Likely the best risk/reward play on Uranium right now.
Stock implicitly discounting U3OU at sub $40/lb (!). Moreover discount to NAV highest I’ve seen.
Total No brainer. BUY BUY BUY

…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

Trading on an incredible 90% (!) FCF Yield - with co effectively trading at CASH by year end.
At 3-4x discount to peers: Roadkill valuation just not sustainable…
Any hint of buybacks (rf MPEvans) or spec divi wd send this skyrocketing. BUY BUY BUY

agreed. But I compared the cashflow yield of AEP with that of MP Evans. Yield - on this basis we are 3-4x undervalued compared to them.
It’s a direct comparable I believe, with assets in Indonesia too.x

Thanks for the responses.
Incredible - this will trade at more than cash as at year end if palm oil p hold up.
I am taking the punt and buying in. This has virtually no downside and enormous upside. It’s just a question of it potentially being dead money til something moves - as you say an announcement of improved return to shareholders, a takeover bid, or a change in ownership structure.

The chairperson is indeed the most cautious management I have ever seen. Read their annual report and you will discover they present in their going concern section scenarios of literally sky has fallen and even then they would survive over the five year duration - the timeframe they picked for the scenario analysis. Well not really surprising given this cash…

This stock is priced as though it’s going bust next year.
Though it seems it has always traded cheaply and at bid discount to peers - now at admittedly at an extreme.
Its beyond my comprehension why they barely pay any dividends given enormous cash flow, nor do they opt for massive buybacks.
Something is very wrong here.
Is the 51% shareholder blocking this entirely from being a shareholder friendly organisation? Why accumulate so much cash and return nothing to shareholders?!
I am just thinking… what’s the catalyst we need to get this thing moving?
Views?

And he adds again today.
Buy signal

.