The sooner the better. Share price isn't going up until cashews are operating at decent levels.
Still only talking about positive EBITDA, a long way from profitability |
Mort.
It used to be the case that the cashew season started when the Government established the price. Usually later this month so mirroring the palm. |
I think DKL said they would start issuing data on the Cashew's once they were at targeted production and as they updated on the full year results that's not going to be until the high season starts - which should be middle of this month, so possibly a full month won't be until the April update.If that's the case then it's only sideways for the share price until then unfortunately. |
Still waiting for news on cashews. The generic statement in the RNS does nothing for the share price. We have heard about cashews for ages. How about issuing some numbers so we can get a feel? |
So when finally the good results came, I guess nobody believed them. Shame! At this price I'd be lining my pockets with more of the shares. Oh - I have already! Think I'll continue to hold and wait until other share holders finally get stuck in. It might take another couple of good monthly reports before that happens, so at present shares at bargain prices are available |
Jan'25 CPO revenues alone are almost €930,000 higher than last year.
Zeus have updated this morning as follows. They forecast that this year will produce €1.9m FCF, up from €0.4m last year.
I suspect that the CPO price assumptions for their forecasts are somewhat lower than the prices achieved in January, but will have to research?
They summarise:
"Zeus view: While only one month into FY25, Dekel has started the year strongly, benefiting from steady production volumes, along with high prices for CPO and PKO in the local market. With the annual palm oil high season commencing shortly, a continuation of prices at these levels combined with normal production volumes should set up a strong financial performance for the full year. With the cashew project continuing to deliver improvements in throughput as new equipment is bedded in, our FY26E forecasts illustrate the potential for the group with a full year of operation at full capacity, with a significant uplift expected as this project moves from an EBITDA loss in FY24E to a material profit." |
Let's hope, Riv, does sound positive though. |
A "strong start to 2025" for CPO - production broadly in line with last year, but sales volumes up 14% and sale prices a whopping 34.9% ahead of last year with international prices so strong.
And "this strong performance is likely to continue in the coming months".
Plus a brief update on cashews confirming anticipation of "significantly improved results, including achieving our first-ever EBITDA-positive performance in the year ahead".
So a pretty good start to the year..... |
TT thanks for the reply, hope we have a bit of good fortune this year, if stars align you never know. |
Sorry, no. The Dekel holding in MINI was too small to feature in their Top 30 holdings in their half year update. Clearly not a big holding but enough to have caused the recent price weakness amid the ongoing AIM malaise. |
TT do you know by any chance the amount in numbers we you are talking about. |
okay, noted. Thanks. |
Only part of the Miton holding in the v small MINI portfolio and half of this would have been sold to meet the redemption pool, so I don't expect an RNS and I don't expect further selling down here by Miton. |
TT. If Miton has been selling we should get an RNS soon. Last info was they held 52.9m shares and have been a very loyal holder despite the falling share price over recent years. |
Suspect Miton have been selling to meet the redemption process at MINI (Microcap Trust). Apparently that has all cleared now and any residual holding will be rolled over into their open-ended funds in the trust's winding-down. |
Dekel Agri-Vision @DekelAgriVision
With the new cashew equipment in good order, we continued to test higher daily RCN quantities including successfully testing 15 tonnes of RCN processed per day in November 2024. |
Dreadful update. |
Sadly EDITDA doesn't get you rich in a commodity business. |
Good update, will 2025 be the year. |
Hopefully with no news on production today, the news is very positive and more impactful by releasing early next week. Fingers crossed for all invested here it's been a very long haul. |
Will be interesting to see if any buyers turn up next week. Friday is the tenth their usual reporting day of operations, but may wait until the beginning of the week after for better impact. |
Last chance
Dekel Agri-Vision @DekelAgriVision · 18h Overall sales prices continue to be strong compared to earlier this year.
A detailed quarterly Cashew Operation update for Q4 2024 compared to Q4 2023 will be provided on or around 10 January 2025. |
Rugs could do with some interviews taking place. As for the trades well your guess would be as good as mine, think most people are waiting it out. |
RA
Quite a few of my shareholdings have been showing large late-reported trades for which I cannot get any explanation from the companies involved. It could be the broker is short of stock or is looking cover an undisclosed buy. Any info you get would be interesting. |
So we'll drop the price on no trades. |