Cheers. Encouraging that LM hopes to make "positive comments" on cashews having improved by the end of October, with cashew prices having increased around 20%-25% and eventually leading to cash flow positive status. This on top of the CPO operation producing "on average" around €5m EBITDA per annum.
Also the CPO price has increased yet again to $1,195. |
click here : |
New Director's Talk interview.
Looking good on the cashew side finally. |
Worth noting that CPO prices have surged almost 10% in the last 10 days to $1,165, and are at their highest since mid-2022: |
That 300k has given them a bit of breathing space, you can buy £5k but not £6k.
If cashews performed as what was expected ages ago, Bob's your uncle. |
Looking like a very nice bowl forming.... close above 1.5p and we could have a good run. Hopefully most of those who wanted to throw in the towel have done so already which should limit any upside resistance. Any confirmation of cashews coming on stream and hopefully we will be closer to 4p. |
Not actually sure that they were buys this morning could sell quite a few of mine at 1.252. Didn't has I believe we may be on the cusp.
If they are sells we may have delayed buys to show or the MM's are playing games. |
335k buy this morning looks well timed! |
DRF max buy now at £500 even with the tick up. |
Good spot RA - That small buy has got it moving. Hopefully with cashews being sorted soon (finally...) this can have a good few months
edit 1.4p to buy £2k
1.42p for £4k
1.48p for £5k.
No price available for <£1k.
Looks good to move. |
Max buy £800 not seen that for a long time, the two trades showing are probably sells. |
Palm oil price doing its bit, now for the company to do their bit. |
"cashew production should "materially increase" in the next 6-8 weeks"
Optimum word "should", "will" would have been a better word to use.
However turn this around and the share price is a steal. Been here long enough to not get hopes up, but does look good. |
Good news is:
- CPO remains very profitable, contributing €3.7m EBITDA in H1, up from €3.3m last year
- local CPO prices are increasing
- all the cashew equipment is now delivered
- cashew production should "materially increase" in the next 6-8 weeks
- cashew prices have risen since 30th June
- there will be a Q3 production and sales update in two weeks around 10th October which it looks like will include cashews update info
Bad news:
- overall €0.7m loss for H1 due to $1.1m increased depreciation charge from cashews and €0.9m EBITDA loss from cashews
The outlook notes that cashews are "on the cusp" of delivering. We've known that for too long now.....it's hard to believe that they'll get it wrong yet again. |
X98, good news regarding the cashew equipment, can they be successful?????? |
 "Cashew Operation
H1 2024 revenues remained unchanged at €0.6m. The unchanged revenue was due to previously reported issues in the peeling and shelling sections which should be rectified over the next 6-8 weeks.
Cashew Operation Update
· The Cashew Operation operated on a conservative basis during H1 2024 while we awaited the arrival and commissioning of new off the shelf shelling and peeling equipment.
· All new shelling and peeling equipment was ordered in January 2024. Shipments related to shelling machinery arrived in late July and the items related to the peeling section arrived on site yesterday.
· Commissioning of new equipment is underway and being overseen by a highly credentialled cashew processing consultant and we expect to see production volume materially increase over the next 6-8 weeks.
· Whole cashew sales prices have increased since the end of H1 2024 which should be reflected in our Q3 production and sales update which will be reported on or around 10 October 2024."
They are just incompetent |
Cashews news needed, although has you state CPO price strong which should bode well for the price we receive. |
The CPO price has surged to $1,105 as of last Thursday: |
....................2024..2023
PKO Sales (tonnes) ..Nil...815...n/a
Still waiting on cashews |
Harry, CPO production was up from 1416 to 1621. Agree price lower but this is because DKL have to compete in the local market with Sifca/Palmci |
uh? production was down massively an price was down as well |
Today's monthly CPO production report reads pretty well:
- CPO production up 14.5%
- extraction rates moving back up
- sales volumes and prices essentially stable, with local CPO prices expected to rise
Not much more to say. The core CPO business remains nicely profitable, especially at even local current CPO prices, and we await further news on the cashew ramp-up. |
I agree, however given the managements track record I'd be surprised if we get any positive news about the Cashew line , I'm expecting end of 4Q for a slow commissioning before increasing through Q1 2025. |
Could do with an update regarding the cashews, may have one next week with the CPO figures for August. |
The CPO price is now (as of last Thursday) up to $1.095....if the gap from local to international prices is continuing to close then DKL should be doing pretty well. |
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
Hot Features
Premium
