Dekel Agri-vision Dividends - DKL

Dekel Agri-vision Dividends - DKL

Best deals to access real time data!
Monthly Subscription
for only
Level 2 Basic
Monthly Subscription
for only
UK/US Silver
Monthly Subscription
for only
VAT not included
Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Dekel Agri-vision Plc DKL London Ordinary Share CY0106502111 ORD EUR0.0003367 (DI)
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 3.30 08:00:17
Open Price Low Price High Price Close Price Previous Close
3.30 3.30 3.44 3.30 3.30
more quote information »
Industry Sector

Dekel Agri-vision DKL Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

chadders: harvey888, there is a fixed formula that results in shares of the CPO price going to both DKL and the growers. DKL do benefit greatly from the higher price. The price DKl gets lags the market by 5 to 6 weeks so current prices will prevail at the start of the high season. Current industry view is that we'll see similar or higher prices still in H1 2021 due to increased demand and supply constraints in Malaysia and Indonesia. All is well documented on this and the lse thread.
chadders: CPO futures up again. CPO now at $910. DKL share price still bumping along.
chadders: Maybe something to do with this from the lse DKL thread... No surprise that LM is becoming more and more bullish and it certainly bodes well.
outlawinvestor: You beat me to it rivaldo! According to PalmOilAnalytics, CPO closed @ $855 yesterday (11-Nov) and PKO closed at $1040. DKL is on course for a strong Q4. In addition, the political situation in Cote d'Ivoire following the elections appear to be improving following talks between Ouattarra and Bedie. hTtp:// (CPO) hTtp:// (PKO) hTtp:// (BBC News)
pugugly: "keep the Company on track to post a material second half improvement compared to H2 2019" If this pace of improvement keeps up Looks as though I may have to move DKL to longterm (profitable) portfolio from short term speculative. Should be a good day - but Mr Market may determine otherwise!!
rivaldo: Cheers burtond1...highlights: - with CPO price now up to $800, palm oil will have "improved materially" on last year - to get back to the previous £40m m/cap DKL would have to achieve €6m EBITDA - in 2017, with similar CPO prices to now, DKL achieved €4.7m EBITDA - cashews have the potential to achieve higher EBITDA than the palm oil division - for the two divisions combined it loooks like well over €10m+ EBITDA is the target
outlawinvestor: Dilutes the shares a bit I don't really think it is dilutive but of course that depends on how one defines dilution. DKL is effectively receiving (roughly) €2 for £1 - 14% of €9m in exchange for 6% of £9.5m. It's like adding two parts cordial and one part water to the jug! In a way one could say Concordia was paying a premium for DKL shares. At the same time one can see the undervaluation of DKL: Pearlside has a PBV of 4.5 (€9m for €2m NAV) as at 30-Jun, and the PBV for European "Food Producers" sector was 3.6 in Jan-20. This deal however is based on a PBV of 1.6 on par with the current FTSE Food Producers sector and miles better than the market cap implied multiple. One final note for me is that the deal underscores the execution quality of DKL's board and not for the first time. IMO the quality of the team is in and of itself a reason some institutional investors should be inclined to take a position via the secondary market rather than waiting for a placing. [edit] Correction on FTSE Food Producers PBV - currently 1.6 not 2.2 as earlier stated.
outlawinvestor: Acquisition of controlling stake in cashew project Dekel Agri-Vision Plc Executive Director Lincoln Moore said: "With construction advancing well,, we believe this is the right time to deliver on our long-standing objective to secure a controlling interest in the Cashew Project at Tiebissou which we believe has taken place on materially accretive terms for Dekel. "This Acquisition serves to demonstrate that Dekel's strategy both to diversify and scale its operations is coming to fruition. We look forward to continuing to update shareholders with the advancing construction works at the Cashew Project over the coming months." All paper transaction - 28,551,800 shares (6.3%) issued to Concordia Corporation Ltd for additional 14.2% stake in Pearlside. The swap effectively values DKL at c. €21.3 million.
harvey8888: One of the issues that remains unclear to me is the margin benefit of a vertically integrated and owned plantation versus buying from out growers. The former I understand that DKl will benefit from any increase in the CPO price whereas outgrowers I assume are looking for a market rate for their FFB. Hence, my guess is that outgrowers are less risky but have less opportunity for gross margin expansion. DKL should also be looked at as an ESG investment given their work with the Round Table for Sustainable Palm Oil. If consumers realised that Palm Oil was in their food, soap and cosmetics and that large amounts come from uncontrolled "slash and burn" growers that are poorly regulated they might be very disappointed in their product. More education needed here. Unulever and other CPG companies should make sure their CPO supplies are coming from susuatinable eithical farms.
chadders: Hrvey8888 H1 2019 Dkl broke even on 28000 tonnes sold at average $502. The H1 2020 promises improved profitability from 23000 tonnes sold at average $602, the actual result will be published in the interim report due sometime this month. To back this up in the monthly production updates LM has stated "another profitable month" on more than one occasion. In my view and to answer your question, it is unlikely to be true that $700 per tonne is required to be profitable. If you look at the historical numbers DKL was making large profits and paying dividends at around $700. In the meantime DKL has invested in more efficient processing and logistics as well as rescheduling debt at much more favourable terms and reducing fixed costs associated with administration. The CPO business is one of a few to be unaffected by COVID (apart from CPO price falls that have largely recovered) and CPO that has risen 40% over the period in which the DKL share price has dropped more than 45%.
ADVFN Advertorial
Your Recent History
Dekel Agri..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20201205 10:16:03