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Anglo-Eastern Plantations (AEP)

Share Price:
Down 450.00p
Change Today:
-13.00p
Market Cap:
£178.36m

Latest ShareCast News

Indonesian and Malaysian palm oil producer Anglo-Eastern Plantations issued a cautiously confident update at its annual general meeting on Wednesday, noting that crude oil palm oil prices at the end of May were more than a tenth lower than at their February high.

Surging palm oil prices led to a sharp gain in 2010 revenue for Anglo-Eastern Plantations, which owns, operates and develops plantations in Indonesia and Malaysia.

Palm oil producer Anglo-Eastern Plantations said extreme weather conditions have resulted in lower than expected yields so far this year.

Equities drifted lower on a dull day that was peppered with some excitement from the mergers and acquisitions arena.

Leading stocks trimmed their losses over the lunch time session. Footsie remains in negative territory, however, despite a strong showing by index heavyweight BG Group, which is the subject of bid speculation.

After a moderately firm opening leading shares drifted lower for much of the morning, though there were signs of a half-hearted rally just before midday.

Were it not for the indifferent weather, today is shaping up to be the sort of day that traders regret not having booked as a holiday, with little in the way of corporate activity and not much share price movement.

Shares have got off to a good start, with a bid for Dana Petroleum helping to make up for the lack of company results.

Higher crude palm oil (CPO) prices helped Anglo Eastern Plantations, which produces the commodity in Indonesia, post a rise in profits in the six months to June 30.

Shares in Anglo Eastern Plantations climbed after the Indonesian palm oil producer posted lower profits and revenues for 2009 but said a rally in crude palm oil (CPO) prices left it ‘cautiously optimistic’ for 2010.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Market Data

Currency UK Pounds
Price 450.00p
Change Today -13.00p
52 Week High 696.00p
52 Week Low 448.00p
Volume 10,606
Shares Issued 39.64m
Market Cap £178.36m

Dividends

  Latest Previous
  Final Interim
Ex-Div 06-Jun-19 n/a
Paid 12-Jul-19 n/a
Amount 3.00¢ 0.000¢