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
  +0.125p +1.04% 12.125p 12.00p 12.25p 12.125p 12.00p 12.125p 157,296 14:00:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 22.6 1.2 0.0 - 35.89

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Date Time Title Posts
20/6/201715:03DKL with Charts & News589
28/3/200609:54DKL can we have some more sellers please!!127
26/8/200315:34DKL...Lets start a new thread shall we89

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Dekeloil (DKL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-06-23 13:56:5412.004,356522.83O
2017-06-23 13:50:0812.004,000480.10O
2017-06-23 12:30:4912.0048,0005,760.05O
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Dekeloil (DKL) Top Chat Posts

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 12p.
Dekeloil has a 4 week average price of 12p and a 12 week average price of 11.75p.
The 1 year high share price is 15.25p while the 1 year low share price is currently 9.75p.
There are currently 295,995,774 shares in issue and the average daily traded volume is 55,758 shares. The market capitalisation of Dekeloil is £35,889,487.60.
pugugly: Chart is misleading Rember there was a 10 for 1 Share Consolidation last year so share price is only 1.35p pre consolidation - The price of the last placing was 1.325p so virtaully no change -
rivaldo: Here's Beaufort Securities' view - they say Buy with a 23p target price. Note the P/E's of just 6.8 falling to 5 for this this year and next year: "Our view: DekelOil delivered strong results for the FY2016 with record production and over ten-fold increase in post-tax profit, despite the fall in average CPO prices and FFB yield. Looking ahead, in FY2017, the Group said market prices for both CPO and PKO has improved in the H1, therefore is on track to deliver further increases in sales. This year will also expect materially lower financing costs as the Group will see the first full year benefit of the revised debt term. Altogether, this enables the Group to commence maiden dividend in FY2017 which the management said it expect to pay a total of £500,000, implying c.0.17p per share. For the medium-term, as the company-owned estates reaching maturity, as well as improvement in farming practices of the smallholders supported by the World Bank scheme, these are expected to result in increased volumes of feedstock. Together with this, the Group’s investment in improved extraction rate and increased CPO storage capacity (to 8,000 tonnes) will further support the future sales growth. DekelOil has also invested in back-up facilities during the year which is now in place to minimise the operational risk. Beaufort believe DekelOil’s current share price yet to truly appreciate the potential upsides from ramp up of its CPO production from now wholly-owned Ayenouan, where c.30% of the operational capacity at the CPO extraction mill is yet utilised (maximum capacity 70,000 tonnes per annum). Moreover, the management confirmed on 10 May 2017 that it is currently in discussion with Norpalm Ghana Limited (subsidiary of Norpalm AS) and certain Norpalm AS shareholders in relation to the potential acquisition of all or the majority of the shares in Norpalm by DekelOil to build out its operations in neighbouring Ghana. Norpalm is an owner and operator of c.4,000 hectares of mature palm plantations and operates a 30 tn/hr mill which also purchases FFB from local producers. Norpalm sells 15,000 tonnes of crude palm oil sold into the domestic Ghanaian market, and also operates a PKO press which produces c.2,000 tn of PKO in the Ghanaian market. Such discussions are still ongoing and therefore there can be no guarantee that it will proceed. The Board intend, however, that it would be financed through a combination of DekelOil’s existing cash resources, new equity partners at project level and debt financing. The potential acquisition, if it were to proceed, would not constitute a Reverse Takeover, and so publication of a prospectus is not required. The Group will make further announcements in due course. Overall, given the Group has strengthened balance sheet and revenue profile while set to transform itself into a list of dividend paying company with a progressive policy in place, upsides for the shareholders are increasing on this obviously undervalued investment. The Shares are currently valued at FY2017E and FY2018E P/E multiple of 6.8x and 5.0x, along with dividend yield of 1.3% for both, respectively. Beaufort retains its Buy rating on the Shares with target price of 23p."
rivaldo: Agreed, I'm happy to hold too. I think headline results were indeed down on expectations. But the outlook for this year is excellent, as already evidenced by the Q1 trading update. The maiden dividend is also evidence of confidence going forward. There's news flow to come on Guitry and hopefully the Ghana acquisition, and expansion in Ivory Coast continues apace. Cantor say Buy and have reduced their target price to 25p - this is still more than 100% up on the current share price. The company seems to be well run, is well financed and is expanding sensibly. Except for exceptional circumstances like weather, politics etc I can see DKL continuing to thrive and eventually being acquired.
rivaldo: Amazing positive turnaround online now. You can sell 200,000 at almost the mid-price at 13.86p, whilst the maximum you can buy is just 10k at 14p. The share price could go on quite a run if that pertains for a while.
nurdin: The weakness in the share price could also be due to the decline in palm oil prices since February.The prices are however creeping back up again which should help sentiment soon.
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".
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: 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.
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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