Added quite a bit to this and think it’s a better opportunity now than it has been for quite a while due to catalysts which appear round the corner.
As of writing its a c5% weight.
Brief summary, Anglo Eastern Plantations is a family holding company involved in palm oil plantations which has had a generational change of management, hopefully leading to a change in strategy. Lim Siew Kim held 51% and died on 14th July 2022. She was the daughter of the patriarch of the large Malaysian Genting group (mostly hotels).
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I put a position on in this a couple of weeks ago @33p, its risen strongly since but is still a buy at 40p. Its a neat little company which hasn’t been widely covered (as far as I am aware). It has a healthy 6-8% yield. Pretty much all earnings are paid as a dividend. Its trading just above book value. My current position is a 3.5% portfolio weight, which feels a touch light. I am still adjusting to growth in the size of my portfolio and don’t want to be too heavy in illiquid stock, I may well add in time as this plays out.
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