Dekel Agri-vision Share Discussion Threads

[empirestate] 11/4/2016 13:58

Mach, added another 150k to my pile as i think it's a positive that there is significant stock clearance without too much of a discount and feel that it won't be too much longer before we have a weightless share price movement.

[empirestate] 11/4/2016 13:49

Mach, i and i am sure you do, always see the pull backs which then go onto the further highs. a nice 900k buy earlier, am confident we will move into a higher range shortly as the market makers appear to have got the gist of what's occurring
on the fundamentals of the company.

[mach100] 11/4/2016 13:02

Agreed empire. This is in breakout mode but there has been a bundled up persistent seller at pivotal points. This seller has been achieving prices which with patience would have been enhanced but he seems keen to clear his position. Thankfully it only causes short-term retraces in the share price in our newly established higher ranges.

[empirestate] 11/4/2016 12:52

decent amount of stock clearance today with minimal share price damage, hopefully should pave the way for a decent sized share price jump on positive news.

[empirestate] 09/4/2016 11:58

Palm oil prices now at 19-month high
By RJ Whitehead, 07-Apr-2016
Palm kernel oil prices are at 19-month high driven by reduced supply expectations from Malaysia and Indonesia, the two largest producing countries.

Palm kernel oil prices

[mach100] 08/4/2016 21:22

Hi empire. I agree there must be a reason the results have been brought forward. I don't agree though that the debt rescheduling will coincide it with the results. These negotiations must be quite delicate and rather unpredictable. I have a personal preference for separate announcements as I feel that will have more effect on the share price Besides we will undoubtedly have a sell on the news brigade when the results come out which would dampen the effect of the debt reduction story. But let's see how it plays out.

[empirestate] 08/4/2016 13:35

09:04 07 Apr 2016
DekelOil Public Limited (LON:DKL) reported this week that it had produced substantially more palm oil than even it expected in its latest quarter, with output from the 51% owned Ayenouan palm oil project in the Ivory Coast rising by 56% to 15,141 tonnes versus a year ago.

Speaking to Proactive Investors, Lincoln Moore, executive director, says the results were “a pleasant surprise” after the firm had initially expected to hit around 12,000 tonnes.

He adds that he “now expects 2016 to see a significant jump in profitability”, with EBITDA more than 80% ahead, leading to a much higher rise in net profit.

[empirestate] 08/4/2016 11:50

my take is that they would announce the remaining debt deal either before or with the results, as the results have been brought forward some way and i am sure Lincoln and the board want to see the upward momentum and investor interest in the share price maintained, either way, all the best

[mach100] 08/4/2016 09:58

Yes they said talks were at an advanced stage. Very hard to know when they will conclude but reading between the lines I think they want the decks clear by June/July in order to pay to pay a divi. Therefore it may be a longer than a 3 week wait for the debt to be sorted.

[empirestate] 08/4/2016 08:04

Mach100, we have have further re-financing news to come for the balance as well right?

[mach100] 07/4/2016 21:45

Very good action today! Threatened to go through upper resistance before falling away. I think this is justa pause along the way. Results within 3 weeks should be a catalyst for a further rerate. The directors may cash in their options at 1.25p as a sign that we wont be back to those levels.

[mach100] 06/4/2016 09:39

Cyfran has been a doubting Thomas for a long time on DKL but a useful dry eye on the company. I think his point about the production is a little unfair as DKL had very little to go on. This is a fledgling business and has grown impressively from zero. I am glad they had stretching production targets. The most recent update smashed even the most optimistic of forecasts. The funding issue is proving to be a red herring as there has not been a single placing since inception despite the worry about debt. I think we will do 50000 to 55000 this year in line with what here and there has predicted. The CPO price is out of their control but they have weathered it well. Look what has happened to other commodity companies in the current cycle. You Cyfran might not have much confidence in the company but 2p looks nailed on by year end. If you have any other companies with 33% upside and a divi to boot then I am all ears!

[here and there] 06/4/2016 06:52

Cyfran, this is one of the very few companies that over deliver on their promises.

First full year of production was about 35000 tonnes, they promised 20% organic growth. They are achieving 50% organic growth and look like producing more than 50000 tonnes this year. With palm oil prices increasing rapidly, it looks like a dividend is a shoe in now for the end of the year.

[here and there] 06/4/2016 06:46

Great new interview

hxxp://www.sharepickers.com/

no.448, both a great update on the fundamentals and some good commentary and a look at the technicals by Zak Mir

replace the xx with tt, it is the latest interview, no. 448

[cyfran101] 06/4/2016 00:04

Ps with dividend chatter too...

[cyfran101] 05/4/2016 23:57

On the one hand this is growing well but on the other hand the production is below estimates provided at the beginning of this journey.

1st year was a range of 40,000 cpo tonnes - 50,000 and then 70,000 tonnes thereafter so we did 35,770 first year and look to do 60,000 this year.

The CPO price was at the start of estimates $917 dipping to $595 and now rising.

So with less production than planned at this stage and lower overall prices we then factor in the undoubted growth opportunites.

5,000 acres medium term at Ayenoun
24,000ha at Guitry with a mill 2017-2019
Biogas from ETP "at a later stage"
10,000ha in Ghana?

$2,350 to bring a ha to maturity (3 years).

I'm not sure we are on target to have the funds to undertake these opportunities in the pre-determined time frame but I take it we would have a partner in a mill at Guitry as well as Ghana?

[ntv] 05/4/2016 22:57

can you post a link please

[here and there] 05/4/2016 22:33

if you listen to the interview it will help you understand how the pricing mechanism works

[ntv] 05/4/2016 21:50

MACH100
the prices achieved were confusing because in the past they have achieved a bit ahead of rotterdam prices so unless they had presold some then prices have not been close. maybe recent prices are better because price is now $740 according to mp evans website
maybe a margin for other 49% shareholder who forfieted debt of 5.im?

[mach100] 05/4/2016 19:26

Really strong production figures and totally beyond expectations. If this rate of progress was maintained they would be running at almost full capacity which would be an amazing achievement. The prices achieved are relatively low considering the macro picture in CPO but I am sure an explanation will emerge. the intraday recovery and strong close sure bodes well for tomorrow. The sellers on news today hampered the rise but if most have cashed in then I am sure there will be more buying interest. The Mail may give us a mention as a tiddler to watch or the august newspaper known as the times.

[here and there] 05/4/2016 19:23

Great new interview

hxxp://www.sharepickers.com/

no.448, both a great update on the fundamentals and some good commentary and a look at the technicals by Zak Mir

[mach100] 04/4/2016 21:13

Looking good empire and our Q1 production update is imminent. We are sure to get some more painting in of the overall picture as normally happens with the production updates.Lots of macro news still in the pipeline and if we can combine good production trajectory with a progressive expansion strategy then we should smash through 1.5p this week.

[empirestate] 03/4/2016 23:30

Hindu Business Line
April 3, 2016:
Crude palm oil (CPO) has witnessed a strong rally this year. Malaysian CPO futures traded on the Bursa Malaysia Derivatives Exchange have surged 12 per cent in the first quarter of 2016. The rally has gathered momentum in the last two months, and the prices are up 14 per cent since January. The contract now trades at MYR 2,717 per tonne.
A sharp fall in production from Malaysia and Indonesia, the world’s largest producers of palm oil, due to El Nino, has fuelled CPO prices.
Data from the Malaysian Palm Oil Board (MPOB) shows that output from Malaysia, the second-largest global producer, has dipped since October last year. Monthly production is down 49 per cent from 2.04 million tonnes in October last year to 1.04 million tonnes in February this year.
Market experts forecast the total production for oil year 2015-16 (October to September) to be lower by 2 million tonnes compared to the previous year.
On the domestic front, the crude palm oil futures contract traded on the Multi Commodity Exchange (MCX) has risen 33 per cent in the first quarter of this year, taking cues from the Malaysian CPO contract.
It is currently trading near ₹550 per 10 kg.
There is talk in the market of demand shifting to soya oil due to the prolonged rally in palm oil prices. Soya oil is used as a substitute for palm oil. Though this is a threat to the rally, charts suggest that there is room for CPO prices to rise further.

Medium-term view
The Malaysian CPO contract made a multi-year low of MYR 1,800 in August 2015 and surged to a two-year high of MYR 2,740 last week. Resistance is at around MYR 2,700 and MYR 2,750, which have held as of now and the contract has come off slightly from this high. A strong break above MYR 2,750 will see the rally extending to MYR 2,800. Further break above MYR 2,800 will then take the contract higher to MYR 2,900 and MYR 2,950 in the medium term.
On the other hand, if the resistance at MYR 2,750 is maintained, then there is a possibility of seeing a short-term corrective fall in prices. Strong support is seen between MYR 2,500 and MYR 2,400, which is likely to limit the downside for the contract.
Only a strong break below MYR 2,400 will turn the trend bearish. But such a strong fall looks unlikely at the moment and the CPO price could rally to MYR 2,900 and MYR 2,950 before we see any strong reversal.
On the domestic front, the 10 per cent rally last month in the MCX-CPO contract has taken it well above the 200-week moving average. The region between ₹475 and ₹450 will be a strong medium-term support which can limit any intermediate corrective fall. That said, a rally to ₹600 and ₹620 looks likely in the coming weeks.

Short-term view
Resistance is in the ₹540-550 zone. Failure to decisively break above ₹550 can trigger a corrective fall to ₹510 and ₹500. Since the contract has rallied sharply in a short span of time, the chances of seeing a short-term corrective fall cannot be ruled out. The 21-day moving average at ₹508 is an important short-term support for the contract.
A strong break and a decisive close below this level can turn the outlook negative. Such a break can drag the contract lower to ₹490 and ₹480 thereafter.
On the other hand, a strong break above ₹550 can take the MCX contract higher to ₹580.