Dekel Agri-vision Share Discussion Threads

[rivaldo] 28/1/2021 14:14

The CPO price rose again to $1,030 yesterday, and CPO futures are rising again today.

[rightnellie] 28/1/2021 09:47

Some new photos of the progress made installing equipment for the cashew project

[rivaldo] 27/1/2021 12:23

Good to see the CPO price still at exactly $1,000 - it's slipped back a little from the 7-year highs, but I note that CPO future are today rising fast again.

We're now well and truly into DKL's peak producing season. With the 6-8 week timing difference, plus the market forecasting continued high CPO prices for Q1 at the least, it's likely even now that at the least the vast majority of DKL's high season will be covered by high CPO prices:

[rivaldo] 26/1/2021 15:33

More good news just out - an "internationally-owned Ivorian bank" has joined in the bond issuance with a further $900,000, showing further local confidence in DKL's cashew project:



"Dekel Agri-Vision Plc Executive Director Lincoln Moore said: "The prominent internationally-owned bank behind this latest bond subscription joins a growing list of institutions, both regional and global, that have become stakeholders in the Dekel story. This is centred around building a West African focused multi-project, multi-commodity agriculture company that benefits not just our shareholders but also the communities in which we operate, the local smallholders and farmers who supply us with feedstock for our mills and the financial institutions which continue to support us. With our cashew project at Tiebissou on course to become our second producing asset in Q2 2021, this is an exciting period in Dekel's story, and I look forward to providing further details on our progress."

[cheshire man] 26/1/2021 09:51

Dekel Agri-Vision
@DekelAgriVision
·
4m
“With CPO prices continuing to rise to levels we have not seen since Ayenouan commenced production in 2014, we are looking forward to the upcoming high season in Cote d'Ivoire, which typically runs from around late Jan through to May”

#DKL #PalmOil #Cashew

[chadders] 21/1/2021 15:21

Upbeat view of the CPO market..

[chadders] 19/1/2021 10:32

I think the last paragraph is all about defending their low numbers to save face rather than accepting they've got it very wrong. More tha two thirds of revenue come from Q1 and Q2 and barring a disastrous slump (pundits, associations and the industry say otherwise) this will smash their estimates.

[rivaldo] 19/1/2021 09:28

Arden have today increased their price target to 8.2p (from 7.6p), saying:

"We consider that this new funding facility strengthens the company’s financial position, as the company seeks to build out its platform as a successful West African multi-project, multi-commodity agricultural company."

And they suggest more to come:

"The Palm Oil Price Continues to Be Buoyant

The chart below shows the CPO price (CIF Rotterdam, in US$/MT)for the 2-year period between 8 Jan 2019 and 8 Jan2021. As at 8 Jan 2021, the palm oil price was US$1,090/MT (€902). The international CPO palm oil price typically takes 4-6 week to filter down to the Coted’Ivoiremarket. Dekel Agri-Vision is now experiencing its high volume season(January-June).

We have a conservative average CPO price of €600/MT for 2021E and €625/MT 2022E. While we are not currently adjusting our CPO price forecasts –as it is so early in the year –if the CPO price remains as robust as it has been recently, over the next 2-3 months, we certainly see scope for an upward revision to our CPO FY price forecasts".

[rightnellie] 19/1/2021 08:58

So what is this additional crop? More palm oil? They have already set up a palm oil nursery at Guitry. Things are developing very well. Looks likes Lincoln's hope for 12p share price by the summer is not just a pipe dream. I may buy some more and I already have plenty

[2vdm] 19/1/2021 08:20

Agree Riv. That means Lincoln and the team can concentrate on maximising revenue from the fortcoming palm oil crops, the cashew plant and whatever the third arm to the business turns out to be. The RNS mentioned a crop, so I don't think it's solar yet.

[rivaldo] 19/1/2021 07:18

Excellent news - that's DKL's future financing sorted out, with short-term facilities replaced by long-term facilities backed by supportive locally-focused institutions.

And a 3-year capital holiday! Interest-only means DKL can get on with the job of expansion.

Plus further confirmation today that:
- cashew production will start in Q2
- a third commodity is definitively now expected to happen, which will further even out any volatility

[rightnellie] 15/1/2021 16:04

Lincoln Moore tells Sarah Lowther that Dekel’s evolution won’t stop at the cashews because a third commodity and clean energy are on the company’s agenda, and why he’s hopeful the share price will reach 12p by the summer!!

[rightnellie] 15/1/2021 15:55

Lincoln Moore giving an update on this site DAted 14/01/21

[2magpies] 14/1/2021 11:39

They are really getting on with it!

Roll on dividend(s)!!

[rivaldo] 14/1/2021 08:50

Great interview, cheers.

12p by the summer would be nice :o))

And then there's the potential from cashews, the third commodity, clean energy, RSPO certification (which as well as attracting green/ESG investors would benefit PKO sales to Europe and bring in higher pricing).....

"While the West African focused agriculture company is known primarily for palm oil, executive director Lincoln Moore has multi-commodity aspirations. He’s optimistic cashew nuts have greater margin potential and the company’s cashew processing plant is promised for a Q2 2021 launch.

Lincoln tells Sarah Lowther that Dekel’s evolution won’t stop at the cashews because a third commodity and clean energy are on the company’s agenda, and why he’s hopeful the share price will reach 12p by the summer."

[basem1] 13/1/2021 09:33

Looking Strong here Can sell 200,000 at 5.575

[outlawinvestor] 13/1/2021 09:29

Agreed - also possibly known about while they found a willing seller! :-)

Sorry, I don't mean to pour water... my point is the trade as reported has no effect on MM inventories... Great however that a cross could be negotiated for such volume if indeed it wasn't a transfer.

[tradertrev] 13/1/2021 09:22

...but possibly an order known about for a few days while they found the buyer. Agree it could also be a transfer.

[outlawinvestor] 13/1/2021 09:16

It is an agency cross trade (ACTX) - as much a buy as it was a sell with the same broker acting as a middleman, possibly a transfer into a SIPP or other account. There's also no flag indicating it is a delayed report - so can assume traded this morning as reported.

[rivaldo] 13/1/2021 09:02

Wow - a 3.85m share trade gone through at 5.55p. I assume this is a sell which has held the price back the last few days.

Now this has been cleared hopefully onwards and upwards again....

[rivaldo] 13/1/2021 07:21

Great to see DKL's envirinmental credentials well on the way to being proven via RSPO certification.

The really interesting part is that:

"The Board believes it will also potentially allow the Company to sell our CPO and PKO at a price premium."

[2vdm] 12/1/2021 11:31

well I'm in for another 70K's worth at this price. Exciting 4-5 months ahead

[2vdm] 12/1/2021 07:32

yes Riv, shows serious confidence

[rivaldo] 12/1/2021 07:26

Encouraging to see the NED, employees and advisers all happy to take shares in DKL at these newly elevated levels rather than cash.

And well done to Lincoln Moore for giving the bull case here an airing :o))

"We believe that, with palm oil prices trading above US1,000 per tonne, the peak harvest season in Cote d'Ivoire due to begin in the coming weeks and our high margin cashew processing project on course to commence operations in Q2 2021, this confidence is well-founded. With this in mind, we look forward to providing further updates on our progress."