Dekel Agri-vision Share Discussion Threads

[leontitcombe] 09/4/2021 16:41

Thank you, I understand there is quite a lot of moving parts to try and factor in.

[outlawinvestor] 09/4/2021 10:29

Additionally, DKL's margins are impacted by plant utilisation (and yield) - a function of FBB collection, itself a function of the quality and quantity of the harvest. Some proportion of plant operating costs is more or less fixed so higher utilisation results in better margins.
The target is to increase production towards the 60,000 t/pa capacity - lots of room for growth. And the 3rd commodity will extract more value from the plant at next to zero extra capex.

[chadders] 09/4/2021 09:35

Leontitcombe, it's complicated and it's a moving target but as an indicator DKL has reported breakeven numbers in the past at approx €510 per tonne for CPO. Bear in mind there is formula in place that moves the cost of fresh fruit bunches up or down according to the Rotterdam spot price.If you used €550 as a rule of thumb you shouldn't get any nasty surprises.

[leontitcombe] 08/4/2021 23:44

I'm not sure if it's the right term to use. But what I'm getting at and I understand it's somewhat variable but the cost of acquiring and processing. How low could the cpo price go and still be profitable. I'm thinking like a mining aisc so understand it may not transfer to this.

[lyceeuk] 08/4/2021 22:08

All in cost for what ?

[leontitcombe] 08/4/2021 22:05

Does anyone have a rough idea of all in cost? I'm struggling to work it out.

[cheshire man] 08/4/2021 12:03

Excellent update :-)

[chadders] 08/4/2021 10:14

Excellent update. Bodes well from here as Q2 is historically better than Q1 and Cashews just around the corner. Very happy to hold.

[rikid2] 08/4/2021 09:52

Big profits this year due to the price of Palm oil, also Cashew nut production due to start by end of June, its going to be a great year for Dkl.

[basem1] 08/4/2021 08:34

Good to have the extra coverage Hopefully it will help propel the shareprice to where it should be which is at least 70% higher than where it is now

[rivaldo] 08/4/2021 08:27

Great to see Miles McNulty holding here and tweeting already this morning - he has a loyal following and should bring in more interest:



"Excellent Q1 numbers from @DekelAgriVision.

I would criticize #DKL for not highlighting the most basic of figures that most investors are after - quarterly sales + YoY growth.

Why not:

"Q1 revs (from CPO, PKO and PKC sales) of €11.9m, up 53.6% on Q1'20."

£26m mkt cap. Cheap!"

[basem1] 08/4/2021 08:12

Bit of a placing overhang around still or we would be a lot higher

[basem1] 08/4/2021 07:59

Thought the new target price would have been higher after that More like 12p

[outlawinvestor] 08/4/2021 07:56

hxxps://research.arden-partners.com/portal/portal.html#/home

Dekel Agri-Vision has announced record CPO Production volumes, standing at 6895 tonnes for the month of March within their impressive March 2021 / Q1 2021 production update. We retain our strong buy rating with a 92% upside to our target price.

Based on our DCF sum of parts valuation we value the company at 9.3p per share and reiterate our buy recommendation. The stock yields 20% FCF in 2022 on our conservative forecasts with increases in cashew processing utilisation to come which should drive further value. The Group is continuing to demonstrate excellent execution on the diversification strategy, positive operational momentum supporting excellent shareholder returns and further potential earnings upgrades for 2021.

[rivaldo] 08/4/2021 07:38

Lovely stuff :o))

One of the best quarters in eight years.....with record monthly CPO production volumes in March 2021:

"In the eight years since Ayenouan has been producing palm oil, Q1 2021 represents one of the best quarterly performances recorded. Not only are volumes of CPO produced and sold significantly up on the prior year but so too are average realised prices. This combination is driving a very strong H1 financial performance."

Can't ask for more than that.

[outlawinvestor] 08/4/2021 07:32

March & Q1 Palm Oil Production Update



Almost €12m booked in Q1 - more than 50% of the whole of 2020! Currently looks very likely to exceed FY17 on palm oil alone, just have to wait and see.

[chadders] 07/4/2021 10:09

You did well there basem1.

Last year Q1 update was on the 9th April so a chance we could hear something before the weekend. Agree with rivaldo though it's likely to be Monday.

Still below the 5p placing and primarybid offer but encouraging to see the tickle upwards.

[basem1] 07/4/2021 09:35

Yes that was my 150k buy earlier Had a few weeks away from this one but it is looking better now.....and looks cheap ebitda v market cap

[rivaldo] 07/4/2021 08:56

Very much looking forward to the update. Hopefully it will be on Monday to help the momentum to continue into Tuesday and the rest of the week.

[rikid2] 06/4/2021 09:51

Yes, it could spike up again over the 5p mark, maybe it will hold there this time, especially as the Palm oil price is so high.

[2vdm] 29/3/2021 07:57

Agree and the monthly updates will help.

[here and there] 28/3/2021 16:21

Very happy to be holding a decent position in DKL. The fundamental stars are all aligned. The market will catch up one day.

[rivaldo] 26/3/2021 11:38

CPO futures continue to storm up to multi-year highs: