Dekel Agri-vision Share Discussion Threads

[chadders] 06/2/2017 11:40

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.

[rivaldo] 02/2/2017 11:36

New investment overview FYI - reads well:

http ://www.proactiveinvestors.co.uk/companies/news/172368/dekeloil-sets-itself-up-for-a-big-2017-172368.html

[empirestate] 26/1/2017 12:36

we are on the verge of a breakout if she goes to 13.50 mid at cob today

[rivaldo] 24/1/2017 15:24

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.

[the big fella] 20/1/2017 17:05

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.

[spooky] 20/1/2017 16:43

I'm fairly relaxed but then again i have only been holding for a couple of weeks.

[the big fella] 20/1/2017 16:34

I suspect that he would like some impetus to propel the share to a new trading range as would we all.

[spooky] 20/1/2017 16:28

Do you want to sell them?

[empirestate] 20/1/2017 16:17

It would be nice to get tipped this weekend after this weeks news flow.

[rivaldo] 18/1/2017 14:27

Wow - on Monday's close the CPO price had rocketed up to $852.50....

[glyn10] 18/1/2017 10:38

Thanks Riv, the future loooks bright !

[rivaldo] 18/1/2017 09:31

Beaufort Securities, with a 23p price target, say DKL are a Buy on a P/E of just 7.3 this year and 5.4 next year:

"Our view: DekelOil is delivering on its promises. Joining the dividend list is a major achievement for any company, let alone one that only came to market in 2013 with the vision to provide a much-needed outlet for fresh fruit bunches grown by thousands of local smallholders by building one of West Africa's largest crude palm oil extraction mills. With its state of the art site entering its fourth year of operations, the Group’s balance sheet is now more reflective of the profitable palm oil producer it is today.

Having recently confirmed a 100% interest in Ayenouan, it has a cash generative platform in place that can fund not only regular dividends, but also its future expansion plans both at Ayenouan and elsewhere. Such news is transforming non-believers who often remain sceptical of African agri operations, while also discounting the significance of yesterday’s disappointing sales volumes during Q4’2016. During this period, a 25% decline in gathered FFBs, knocked production by 19% and sales by 50%. Recovery from such a seasonal aberration is already underway, however, with average local CPO prices spiking back to around €700/tonne which should repair much of the damage inflicted. Volumes, pricing and extraction levels for the kernel oil crushing plant also remain ahead of management expectations. All-in-all the overall message for shareholders must be that they cannot discount some form of annual production interruption, to the extent that it is prudent for Beaufort to trim back its most ambitious revenue and profit expectations, until activity levels are seen to regularise.

The shares nevertheless still remain much too chap for what DekelOil now appears capable of delivering. Based on a 0.17p/share dividend, the equity yielded 1.4% for FY2016, which rises to an estimated 1.7% this year. Based on a reduced 2017E revenues of £35.0m, followed by £38m in 2018E, the shares presently trade on earnings multiples of just 7.3x and 5.4x respectively. The shares remain on Beaufort’s Buy list."

[rivaldo] 17/1/2017 12:03

Cantor Fitzgerald reiterate their Buy and 29p target today:

[cheshire man] 17/1/2017 08:51

Good news and start to the year for holders,,,,,any divi in not to be sniffed at catsick the fact that DKL is in a position to pay one is very positive indeed IMO :-)

[catsick] 17/1/2017 08:45

So the div should be .16p not a fortune but a start.

[rivaldo] 17/1/2017 08:39

Beaufort Securities' market report just out today reviews yesterday's news regarding the loan note conversion - they have a 23p target compared to Cantpr's 29p, but still loads of upside:

http ://www.proactiveinvestors.co.uk/columns/beaufort-securities/26890/beaufort-securities-breakfast-alert-dekeloil-public-ltd-horizon-discovery-group-plc-ibstock-plc-mysquar-limited

"Our view: Over the past 12 months, DekelOil has overhauled its balance sheet by significantly reducing its overall debt outstanding and materially decreasing the interest rate on its remaining obligations. This has all been achieved due to the ramp up in its operations while buying out remaining minorities in the Group's core asset, in order to increase the Group's overall profitability.

As has been previously noted, DekelOil is also a Brexit winner with the appreciation of the Euro against the Pound of well over 10% post Brexit, which in turn translates into higher Sterling earnings. Having positioned itself so, Beaufort believes the Group will be able to support its long-term operational ambitions and paydown remaining debt while also producing a sustainable surplus. Realistically, shareholders can now expect to be rewarded by management implementing a formal dividend policy which in itself remains key to investor confidence in what is otherwise an obviously undervalued investment.

Beaufort retains its Buy recommendation on the shares and repeats its price target of 23p for the shares."

[dropside] 17/1/2017 08:28

Yep excellent update. Very pleased this morning.

[glyn10] 17/1/2017 08:20

Very positive update, good to see that the investments made in the Kernel crushing plant has already paid off.
IMpressive that in 3 yrs they are already looking to pay dividends.

[hastings] 17/1/2017 07:44

Very good news this morning looking forward to catching up with Lincoln tomorrow.

[113mike] 17/1/2017 07:38

Whats not to like?

[rivaldo] 17/1/2017 07:35

Excellent news - the maiden dividend for 2016 is a very pleasant surprise.

The production update is good overall, though with lower Q4 production, and in particular it confirms that CPO - and PKO - prices are way ahead in late 2016 and so far this year.

The conclusion to the dividend RNS is extremely positive and exciting:

"DekelOil Executive Director Lincoln Moore said, "Joining the dividend list is a major achievement for any company, let alone one that only came to market in 2013 with the vision to provide a much-needed outlet for fresh fruit bunches grown by thousands of local smallholders by building one of West Africa's largest crude palm oil extraction mills. With our state of the art mill entering its fourth year of operations, our balance sheet is now more reflective of the profitable palm oil producer we are today. Having recently confirmed a 100% interest in Ayenouan, we have a proven cash flow generative platform in place that can fund not only regular dividends, but also our future expansion plans at both Ayenouan and elsewhere. This is an exciting period for DekelOil shareholders and I look forward to providing further updates on our progress."

[king kong dong] 17/1/2017 07:17

good news! It's Dividend time!!!

[bobbyshilling] 16/1/2017 16:27

Rivaldo, thanks for your reply; I was just wondering though if they were using 161m shares in issue to reach their price target, because obviously that would be way off.

[empirestate] 16/1/2017 16:06

more of the seller's lots being cleared, nice, can't be long now.