Dekel Agri-vision Share Discussion Threads

[poleaxe] 18/10/2017 20:15

All they will see is the whites of their eyes, what do you guys expect its a frigging banana republic we are dealing in, sorry a palm oil republic.

[mach100] 18/10/2017 15:45

Very disappointing update. The management are fools to themselves long-term if they think they can sit on information and delay its release. The fall is overdone and has been a pullback from the worst. There is still lots of potential here and Rivaldo has done sterling work in postings.
Sales are only marginally down so the company have the luxury of time before the q4 to get themslves in gear.

I agree with the comments about management credibility. They need to have a long, hard look in the mirror.

[balcony] 18/10/2017 12:04

I think hes on holiday

[basem1] 18/10/2017 12:02

Where's Rivaldo today ?

[basem1] 18/10/2017 11:56

PE of 6 for this FY still. And a 1.7% yield. 1.7p should still be achieved given the increased price of CPO.

[pugugly] 18/10/2017 11:48

Management or LACK OF IT : Was on watch list but was never quite convinced of depth of Management - potential always seemed just round the corner but corner always moving backwards - This mornings news has reinforced (unfotunately) gut feel as Africa needs the employment and earnings. Will still watch but wait.

[cheshire man] 18/10/2017 11:32

Very disappointing news this morning and agree with Mas and MT on this,,,,,will hold for now

[mount teide] 18/10/2017 10:30

Mas - huge self inflicted own goal - made themselves look like disingenuous charlatans.

Watching management now like a hawk - regardless as to the progress made over the last 18 months, low valuation and huge potential - one more mendacious stunt like that and i'll be taking my medicine!

[ntv] 18/10/2017 09:30

now trading 20% below placing price
note a couple of 100k sells over the last few days prior to these results

[ntv] 18/10/2017 09:27

but Q3 average was not $578 according to MP Evans figures

[basem1] 18/10/2017 09:15

They sold at 640 though.

[return_of_the_apeman] 18/10/2017 08:36

Difficult to trust management after that stunt

[masurenguy] 18/10/2017 08:26

This is what Chairman Tillery stated just 3 weeks ago when the interims were published. This reflected a positive outlook with no indications whatsoever in relation to any significant falls in production during Q3, which ended at the same time and therefore they must have been aware of it then.

"The first half of the year has seen DekelOil acquire 100% of Ayenouan, further strengthen our balance sheet, pay out a maiden dividend and report record sales and profits. There is clear momentum behind the business, both at the operational and corporate level and we expect this momentum at the very least to be maintained going forward."

Management have now undermined their credibility with todays Q3 announcement just 3 weeks later. This just underlines why the shareprice has failed to perform despite their continual assertions of progress and momentum. A totally negative platform for a fledgling AIM overseas operator !

"Production for the nine months to 30 September 2017 totalled 31,681 tonnes of CPO, 2,112 tonnes of PKO, and 2,866 tonnes of PKC compared to 34,323 tonnes of CPO and 2,520 tonnes of PKO in the comparable nine month period in 2016. Lower Q3 production caused by relatively poor harvest in what is typically a low season in Côte d'Ivoire

CPO sold at EUR640, 11% premium to international benchmark prices, enabling total product sales for the nine month period to 30 September 2017 to be in line with the equivalent period last year despite lower year on year Q3 production. CPO international benchmark prices averaged EUR578 during Q3

Validates management's ongoing strategy to maximise value from each fruit processed - installation of extra 3,000 tonne storage tank in Q2 provides DekelOil with flexibility over timing of CPO sales and prices achieved

DekelOil Executive Director Lincoln Moore said, "As an agricultural company, fluctuations in harvests from one year to the next are par for the course and were experienced by all Mill operators during Q3. At the financial level, specifically in terms of the value of total product sales, we have been able to offset much of the lower production caused by the relatively poor harvest season: the installation of a 3,000 tonne storage tank earlier this year allowed us to finesse the timing of sales to achieve higher prices. We intend to utilise the remainder of the low season to embark on further value-adding initiatives in time for the start of the next peak harvesting period, and I look forward to providing further updates on our progress in due course."

[2vdm] 18/10/2017 08:24

overreaction. It will come back imo

[nurdin] 18/10/2017 08:15

oh dear..there is always a reason when a share is trading at a very low earnings multiple. Chart said it all really.Hopefully things will correct themselves by the year end.

[basem1] 18/10/2017 08:09

Trying to buy at 10p but no chance. 10.44

[greenroom78] 18/10/2017 08:05

Explains the weakness. Someone knew.

Cheap just got cheaper.

[cheshire man] 17/10/2017 11:42

NTV,,,,,hopefully hiding nothing so I'm being very positive and expecting a very reassuring production update :-)

[ntv] 17/10/2017 11:33

whats the chat there?

[rugs2] 17/10/2017 10:34

NTV. Have a glance at the LSE chat site, more on there re DKL.

[ntv] 17/10/2017 10:16

WHERE ARE THE Q3 PRODUCTION RESULTS ?
Hiding again, more plant down time?

low prices?

[makingmillions] 11/10/2017 09:44

Again, buys going through as sells. There does seem to be some buying interest but yet to make any impact on price.Update soon which may help.

[makingmillions] 10/10/2017 15:58

That last "sell" is actually my buy.

[rivaldo] 10/10/2017 15:46

Yet again an early markdown has been reversed and the price is stable. Encouraging stuff.

If only the early morning seller stopped, then these buyers might decide they're willing to start paying 12.5p+ for stock instead of getting bargain prices below 12p!