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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Dekel Agri-vision Plc | DKL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.20 | 07:42:15 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.20 | 1.20 | 1.20 | 1.20 | 1.20 |
| Industry Sector |
|---|
| FOOD PRODUCERS |
| Top Posts |
|---|
Posted at 08/4/2024 09:25 by rivaldo CPO prices have surged again and are now at 15 month highs at $1,090: |
Posted at 22/3/2024 10:42 by rivaldo The CPO price has surged upwards to $1,070 as of Wednesday:Hard to believe that local prices can remain disconnected from this for too long. |
Posted at 16/3/2024 23:48 by smithie6 From the accounts for 2020Information about the pay for the CEO & CFO. (Note that the built up losses of the company are ~40-45 million € !, investors have lost a lot of money But if you read this info you can see that these 2 directors, and they are very careful not to give their names in the 2020 accounts !!, very opaque, they are intentionally hiding the full info from shareholders. Note, they have awarded themselves a notice period, if they are sacked, with full pay for 2 years !! These guys really are abusing the company & the shareholders. I don't know any other listed company where any directors gets full pay for 2 years after being sacked. NONE, only Dekel. And !!.....the CEO seems to have vanished X years ago....& seems to take little part in the operation of the company, yet is still drawing full pay !, Lincoln Moore seems the only director lumbered with being the representative for the company, in RNSs, interviews etc Personally I think this company needs a severe shake up, remove the useless yes man chairman, and some of the directors especially the one(s) that have vanished & bring in a director with a good track record in agricultural crop processing, this team have proven they are completely incompetent (summed losses of ~40-45million €, >=26 million € of debt; cap. value way below the money raised from investors. Complete train wreck !, while the directors get rich ! & have sold their cashew nut "idea" to the company for millions !, & have given themselves lots of shares & options ) "Under the employment agreement, the CEO is entitled to a monthly salary of € 20,000 per month. The agreement is terminable by the Company with 24 months' notice. The total annual salary, social benefits, bonuses and management fee paid to the CEO during 2020 and 2019 was approximately €162 thousand and € 252 thousand, respectively. 2. In March 2008, DekelOil Consulting Limited signed an employment agreement with a shareholder, who is a director of the Company, its Deputy CEO and Chief Financial Officer. The agreement was amended on 11 July 2014 by the board of the subsidiary to reflect the same salary terms as those of the CEO described in c (1) above. The total annual salary and social benefits paid to the employee during 2020 and 2019 was approximately €146 thousand and € 194 thousand, respectively." |
Posted at 13/3/2024 09:59 by rivaldo RNS Hotlist with Zak Mir:"Shares of DKL have appeared chronically undervalued as compared to the progress being made by the company over the past couple of years. This point is underlined by the Executive Director leading from the front in terms of buying into the stock." The international price of CPO continues to rise and was up to $1,040 as of Monday: |
Posted at 12/3/2024 09:31 by outlawinvestor Yeah, a long awaited director buy-in! Insider buying is normally a positive signal.Cynics will say it is £6500 the director can afford to lose (sensible investors only risk what they can afford to lose) plus he'll get it back with his next bonus! Regardless, it is his money to risk. Plus there'll be no end of flak should he ever need to sell! nb - LM is not the CEO, but I suppose he might as well be seeing Youval has been long term AWOL. |
Posted at 06/3/2024 14:53 by rivaldo CPO prices have broken upwards through $1,000 and are at their highest for 7 months:And consensus is for high prices to continue: Hopefully local CPO prices will follow this lead - presumably they can't diverge for too long.... |
Posted at 22/2/2024 06:29 by rugs3 Armstrong is William Black.GB. your listing of shareholders is I believe accurate. What I cannot determine is whether Yossi Inbar, one of the original investors, but not a director, still holds any shares. He had 15.8 m so just under 3pct and doesn't need declare an interest. It could be some of his shares ended up with Aris or Matt Orr (Killik) or even Armstrong. |
Posted at 18/2/2024 13:12 by smithie6 ...some schrewd investors say that investing is more about backing the dirs & their skills rather than the business.....at DKL that would have been good advice to have followed at 4p, 5p, 6p. After I had invested basic on the low p/e I dug more & built up a mistrust in the dirs & luckily sold out. So many RNSs or company events & the CEO is not present ! And the main operation of the company is not by either of the 2 main execs but by a junoir exec. that they have brought in to do the day to day work. It's just untouchable imo, for me anyway since I don't trust the 2 founding exec dirs. (If you look at the process for the purchase of the cashew nut, or was it palm oil, business ..from themselves !! (Or where they were at least notable shareholders) It really stinks ! (One of the conditions was that if the business did well that the purchase price would then be re-stated & be higher !....giving more money to the 2 founding execs ! And the purchase contract was changed !. Noting that the 2 exec dirs were part of the sellers & of the buyers !! ----- And the business is imo about - efficiently/intellig - operating in a good timescale - minimizing the investment costs for operations - of course weather conditions - market prices for the end products. The company seems to have shown that it is not good at the tasks it needs to do (well, completely incompetent would be a good description for the cashew nut farce), while the things outside of their hands like the weather & the market prices, of course remain outside of their control. And the company has done a bad job of controlling/limiting the size of it's debt. Good luck to holders. It's not for me. I hope the dirs don't buy the co. for peanuts or ever break any debt covenants (really hitting the share price). (If the 2 founding directors were ever replaced or all the exec. dirs moved to work full time for DKL & at the location in Africa then I might take another look). But the debt is a worry, if the weather was bad for 2 years in a row or lots of stock was written off due to rot or a fungus or whatever, could the company survive financially or would banks not provide more money ? (And/or the founders just buy it out of administration for peanuts if that were ever to happen. I doubt there would be a rush of any other buyers). |
Posted at 15/2/2024 10:50 by rivaldo Cheers RoyalAlbert. With the core CPO business providing such good cash flows, let's hope the optimism around the Q2 cashew ramp up is at last justified. Also good to hear the emplhasis on deleveraging once cashews reach break-even.The upside from this £7m m/cap is potentially huge, but the share price fall is understandable given the lengthy delays in setting up the cashew machinery. A solid CPO high season re production and pricing plus investor relief at the ramp-up of cashew production would do wonders for the share price. |
Posted at 14/12/2023 10:40 by rivaldo Hi 2magpies. I don't know why anyone gets worked up about broker price targets - obviously their task is to get people interested, and it's up to investors whether they believe the targets are realistic or not. Ignore them if necessary.Besides, true company valuations are often way ahead of where the market - which is imperfect - takes them. Just look at the huge takeover premiums achieved recently. IMO broker notes are extremely useful, primarily for the forecasts, which will usually have been guided by management, and for the narrative, which sometimes includes snippets of info which aren't in RNS's. I suspect there's a combination of forced small company sellers in current markets and stale holders causing this decline. Can't blame the latter! Personally I do believe there's potentially large upside here, and hopefully within a matter of months assuming the cashew ramp-up goes more smoothly (which won't be difficult!). |
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