||ORD EUR0.0003367 (DI)
||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Dekeloil Share Discussion Threads
Showing 1326 to 1350 of 1350 messages
|Positive stuff re CPO prices from REA Holdings' trading update yesterday:
"The CPO price, CIF Rotterdam, edged steadily upwards through 2016 from an opening price of $570 per tonne to close at $801 per tonne and has traded in a range between $770 and $860 per tonne since the beginning of 2017. It is widely expected that prices will remain around current levels at least for the first half of 2017. Beyond that much depends upon soya crops but with CPO stocks depleted as a result of the poor 2016 harvest, there is a reasonable expectation that prices will continue at remunerative levels through the second half of 2017"|
|Yes you're right its 11 million altogether not each. Looks like the "11 million each" in the first paragraph was a typo. States further down its 2m each and 5m for senior management. Not what I originally thought at all.|
|I reckon it's 11 million total not each, issued at a premium as per the fund raise - not an average over the last few days as is often used. Clearly they must believe there is upside from here.|
|The total options in issue are only 6.7% of the total shares in issue even after today's issuance, so the total dilution is pretty small.
I agree that there should be further criteria, but these are evidently mainly rewards for having got the business into shape so well to date. The good news is that they're worth nothing until the share price goes above 13.25p, and for them to be worth anything serious for each of the grantees the share price will have to be at least 20p.|
|Dunno but 11 million options each at 13.25 seems a bit cheap given theres no performance criteria attached.
Makes trading seem daft better to just train as a ned and wait to jump on an aim gravy train.|
|CPO prices remain high at $795.
Meanwhile, here's a nice summary of DKL from Northland Securities' February markets summary just out:
"DekelOil plants seed for dividend growth
Oil-palm plantations operator DekelOil is paying a maiden dividend following its move into profit in 2016. A distribution of £500,000 is promised, which is equivalent to 0.17p a share. That should be covered around five times by earnings per share. There is a scrip alternative and some of the directors are going to take part of the payment in shares so the final cash outflow may be lower. The plan is to have a progressive dividend policy.
Earnings per share are expected to more than double in 2017 but dividend growth is more likely to be around 10%.
DekelOil is able to pay a dividend because the outstanding capital notes were converted into 12.6 million shares at 13.25p each – a 10% premium to the then market price in January. These capital notes were issued in 2010, prior to the company’s flotation in 2013.
When DekelOil joined AIM less than four years ago it raised money at 1p a share (10p a share after a subsequent ten-for-one share consolidation). DekelOil owned 51% of the Ayenouan palm-oil project near the coast of Côte d’Ivoire and its partner Siva Group had invested €8.3m in the project. The joint venture company held rights over additional land in the Guitry region of Côte d’Ivoire.
The plan was to build a crude-palmoil extraction mill with an intended capacity of 70,000 tonnes a year and construction was completed at the end of 2013. In 2014, the national government granted 100% exemption from corporation tax for profit
generated from the mill up until the end of 2026. A kernel-crushing plant
was subsequently added.
Over the past year, DekelOil has taken its stake in the joint venture to 100%. In 2016, revenues increased by 12% to €26.1m. Crude-palm-oil sales improved from 35,573 tonnes to 39,498 tonnes but the average price fell by 5% to €575/tonne.
However, prices have been rising and they reached €700/tonne at the end of
2016. The kernel-crushing plant is producing higher volumes than expected. Net debt is estimated at €19.6m at the end of 2016, falling to €17.1m at the end of 2017. Lower capital expenditure should mean a sharper reduction in debt in subsequent years.
DekelOil broke even in 2015 and it is expected to make a 2016 pre-tax profit
of €2.6m, although this is much lower than originally expected because of
poor weather later in the year. The dividend announcement suggests that management is confident that the plantation’s performance will continue to improve. The 2017 pre-tax profit forecast has been reduced from €7.9m to €6.5m. The shares are trading on seven times prospective, non-taxed 2017 earnings, although the multiple
does depend on the euro/pound exchange rate. DekelOil has made impressive progress over a four-year period and there is more growth to come."|
|Be nice if it soon started the move up to 20p+!|
|Not forgetting Broker target ,,,,23 & 29p which is very reassuring :-)|
|A bit more background reading last night so another top up for me this morning. Very competent clear thinking management delivering on promises.|
|Thanks rivaldo. Still very positive|
|The CPO price has dipped a little from the highs, but is still at $805 - which compares to $700 at 30th June last year and $615 a year ago.|
|Yes I think there is more to come this year. The dividend though relatively small will set it apart somewhat for an Aim commodity company. DKL does need to get to grips with production and move towards full capacity.
But this company has been built up from nought and there is a lot of intrinsic value in its assets and geography. This value will inevitably be unlocked over time as income increases, the assets enlarge and predators move in.
3 weeks to high season beginning so plenty of positives to come. DKL does imv tend to peak in Easter and September ( on past performance)so we can hope for a run up in the next 2 months.
13p is current support but once through that we can test 15p as the next strategic level.|
|Good luck G78..lets hope 2017 is a great one for DKL and for all of us!|
|Cheers 113mike. Hoping for good things to come.|
|Well done Chadders..welcome aboard!All looking good here imho...this released last month..its onwards and upwards!TIDMDKLRNS Number : 3023UDekeloil Public Limited17 January 2017DekelOil Public Limited / Index: AIM / Epic: DKL / Sector: Food Producers17 January 2017DekelOil Public Limited ('DekelOil' or the 'Company')Dividend Policy and Maiden DividendDekelOil Public Limited, operator and 100% owner of the profitable and vertically integrated Ayenouan palm oil project in Côte d'Ivoire ('Ayenouan' or the 'Project'), is pleased to announce the adoption of a progressive dividend policy and, in line with this, its intention to pay a maiden dividend in H1 2017 in respect of the year ended 31 December 2016.|
|Well that's me in for a maiden stake. I like the look of this especially the CPO price increase and the confidence of the management.|
|New investment overview FYI - reads well:
|we are on the verge of a breakout if she goes to 13.50 mid at cob today|
|The CPO price is holding nicely around these new highs at $845 now.
The rise is welcome, though it seems to have at least partly been caused by some unrest in certain towns from parts of the military who've been unpaid for some years. The ports were blocked for one day but normal business was soon restored. The President authorised salary payments to be made, and last I heard calm had been restored, though it may flare up again.
In the meantime DKL must be making a mint at these new price levels.|
|I am with you there I bought an initial 100k not that long ago sub 11p.
Others have I suspect a rather longer more frustrating hold. Given the prevailing Palm Oil prices there is no reason for this not to re rate substantially over time.|
the big fella
|I'm fairly relaxed but then again i have only been holding for a couple of weeks.|
|I suspect that he would like some impetus to propel the share to a new trading range as would we all.|
the big fella
|Do you want to sell them?|
|It would be nice to get tipped this weekend after this weeks news flow.|