Share Name Share Symbol Market Type Share ISIN Share Description
Dekeloil LSE:DKL London Ordinary Share CY0106502111 ORD EUR0.0003367 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.25p +1.85% 13.75p 13.50p 14.00p 13.75p 13.50p 13.50p 550,644 15:39:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 17.3 0.1 0.0 - 40.70

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Date Time Title Posts
26/4/201720:26DKL with Charts & News475.00
28/3/200609:54DKL can we have some more sellers please!!127.00
26/8/200315:34DKL...Lets start a new thread shall we89.00

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Dekeloil Daily Update: Dekeloil is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker DKL. The last closing price for Dekeloil was 13.50p.
Dekeloil has a 4 week average price of 11.75p and a 12 week average price of 11p.
The 1 year high share price is 14.13p while the 1 year low share price is currently 1.23p.
There are currently 295,995,774 shares in issue and the average daily traded volume is 542,542 shares. The market capitalisation of Dekeloil is £40,699,418.93.
rivaldo: FYI here's Optiva's update from last week - they have a 32p target and have DKL on a current year P/E of just 4.5: "The Ayenouan project is proving to be a cash cow Ticker: DKL LN Mkt Cap: £38.5m Shares Out: 296m Q1 Production Update: DekelOil (“Company̶1;) has reported record production and material sales growth in Q1 2017. Total revenue in Q1 2017 was significantly higher by 37% at €9.7m, when compared to Q1 2016 and beat Optiva’s estimates of €9.1m. Record quarterly CPO production at 16,398 tonnes, which is 8.3% higher when compared to Q1 2016 and surpassed Optiva’s estimates of 14,335 tonnes. PKO production was reported at 996 tonnes, which was flat when compared to Q1 2016, however the average PKO sales price was 35% higher at $1,008 per tonne. The management believe they are set to move forward with the expansion phase. Strong revenue has been predominantly driven by higher palm oil prices and to some extent the optimisation of their ground operations. CPO prices have surged significantly since June 2016 where it was trading around $550m/t, but moved higher and recently traded around $750m/t back in February 2017. We maintain our bullish stance on palm oil prices in the short term on the back of tight supply, weaker ringgit and higher biodiesel mandates. The management has done extremely well to optimise operations by boosting the extraction rates of CPO and PKO. The acquisition of an Empty Fruit Press (‘EFP’), which became operational in March 2017 could boost underlying profits by at least €500k in in first full year of operation. The financial year-end results for 2016 are expected to be announced over the next 8 weeks and we estimate total revenues of around €26m, EBIT of €4.8m and underlying profits of €3.7m. In 2017, we forecast total revenues of €32m, EBIT of 11m, and underlying profits of around €10m. The management’s recent announcement of a progressive dividend policy and a maiden dividend of £500,000 will put the Company on a dividend yield of around 1.4% based on the current share price. Based on our 2017 forecasts, Dekeloil trades on a P/E of 4.5x, compared to London peers trading on an average of 17x. In our view, this is unjustified based on how much the Company has advanced from a palm oil developer to a sustainable profitable producer. DekelOil presents a compelling opportunity for investors seeking a balance of capital and income growth. We maintain our price target of 32 pence per share."
rivaldo: Good to see Friday's closing highs. And DKL has been given a push over the weekend by Malcolm Stacey as an "ethical palm oil company", concluding: Http:// "Palm oil prices have risen during February and March. In a trading statement this week, Dekel confirmed that production was up on last year. The news has already kicked the share price upwards, but there is still room for improvement".
the accountant: I am never sure what I can say about their targets as I get their updates as a client..... confidentiality etc ! Simply their 2017 forecast puts the company on a PE of 4.5x compared to their London peers on nearer 17x. Also, just had an email from Lincoln Moore agreeing with me that a share price re-rating was long overdue !
rivaldo: Cheers hastings. 29p would be great, but I can certainly see 20p in short order. There's obviously a rather silly seller out there who has to liquidate a position rather than sensibly drip-feed into a rising share price over time. I can't believe all this buying won't burst the dam today at the current rate.
rivaldo: Indeed. I suspect once the seller(s) are out the share price will rise sharply. Beaufort today reiterate their Buy with a 23p target price: http :// Conclusion: "Our view: Moving forward and confident! Significantly higher year-on-year sales prices for CPO and Palm Kernel Oil were sustained during Q1 2017. While in April 2017 they have softened slightly to approximately c.€700 per tonne, they still remain well above H1 2016 prices of €540 per tonne and new buyers are also entering the Cote d'Ivoire market on the back of growth in the country's CPO production. As a result, management expects its relatively high inventory levels to unwind at the beginning of H2 2017, with gross and EBITDA margins already tracking higher than those reported for H1 2016 of 26.0% and 19.4% respectively. While overhauling its balance sheet and materially decreasing the interest rate on its remaining obligations, management has ramped up operations while buying out remaining minorities in the Company's core asset. As a result, it has the opportunity to significantly increase 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. Shareholders will be rewarded by management with progressive payments commencing this year, with a maiden payment accompanying its interim results, which in itself remains key to investor confidence in what is now an obviously undervalued investment. Beaufort retains its Buy recommendation on the shares and repeats its price target of 23p."
rivaldo: Good summary from hereandnow on another bb this week (hope he doesn't mind me copying).... "Ludicrously cheap I have been topping up here the past few weeks. So cheap. They have achieved all of their corporate goals last year. Debt refinanced, partner bought out, investment in production efficiencies, first dividend offered. January stated to be showing good production, CPO prices 20/30% higher than a year ago. Company heading for EBITDA of @8/9 million this year, no tax….if you put the company on a modest PE of 10, we should be a £60/70 million MC company and a share price north of 20p. Market will catch up one day… And as a bonus, easy expansion available and planned in financed from profits, acquisitions being considered as are special dividends. DKL is an M&A target and is close to gaining RSPO certification"
rivaldo: 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.
rivaldo: Patience chaps. There's obviously a seller or two out there who's been there for some time now, and given the m/cap he/they can't have many left. I've seen it so many times. IQE is just one recent example. As long as the company is trading in line - or better - I can see the share price jumping very, very quickly as the market realises what it's been missing.
rivaldo: Presumably then Siva will convert their stake into shares, though this will likely be at a rather higher price than DKL's current share price if I've understood it correctly? There should be a trading update soon which will hopefully confirm trading in line with forecasts of 1.19p EPS for 2016. Meanwhile, Monday's CPO closing price was $792.50, so still at very nicely high levels. November and December should have been extremely good months assuming production continued to be smooth.
empirestate: Dekeloil Public Ltd 124.8% Potential Upside Indicated by Cantor Fitzgerald Posted by: Katherine Hargreaves 4th August 2016 Dekeloil Public Ltd with EPIC/TICKER LON:DKL has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ this morning by analysts at Cantor Fitzgerald. Dekeloil Public Ltd are listed in the Consumer Goods sector within AIM. Cantor Fitzgerald have set a target price of 23.6 GBX on its stock. This now indicates the analyst believes there is a possible upside of 124.8% from the opening price of 10.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 2.25 points and decreased 3.1 points respectively. Dekeloil Public Ltd LON:DKL has a 50 day moving average of 12.62 GBX and a 200 Day Moving Average share price is recorded at 12.73 GBX. The 1 year high for the stock price is 17 GBX while the 52 week low for the stock is 8.49 GBX. There are currently 249,610,313 shares in issue with the average daily volume traded being 279,314. Market capitalisation for LON:DKL is £26,433,733 GBP
Dekeloil share price data is direct from the London Stock Exchange
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