Dekel Agri-vision Share Discussion Threads

[rivaldo] 09/4/2018 10:03

...and there's a keen 233,000 buy at 10.6p - slightly above the current 10.5p offer price.

[rivaldo] 09/4/2018 09:19

Good to see the bid up to 10p now, and the price continuing to move up on relatively small volumes - which hopefully indicates that the long-term seller is finally out.

[basem1] 06/4/2018 12:43

Yes I added a further 25000 at 9.8 as well as 50000 at 9.6. Significantly undervalued below 14p

[rivaldo] 06/4/2018 12:36

Moving nicely now, and on decent volumes for a quiet Friday.

DKL are hugely undervalued imho given the forecasts of 1.85p EPS for this year - with a dividend too - and all its other attributes.

Today's appointment seems to have attracted some attention, and the timing just prior to the production update is hopefully a sign of good things to come.

[twistednik] 06/4/2018 10:08

Looking forward to the Q1 production update!

DKL's been a serial disappointer so far but hopefully things are coming together. A couple of good quarters and we should start back towards 12p.

[basem1] 06/4/2018 09:19

24p broker target and 2% yield

[basem1] 06/4/2018 09:19

A little 50k top up for moi.

[chadders] 06/4/2018 09:11

Significant appointment. His experience in rubber and DKL hinting at diversification is very interesting.

[rivaldo] 06/4/2018 09:03

Agreed - excellent appointment, being the former head of the IC's largest palm oil company. A very high calibre guy to have on board.

Plus I notice that the CPO price bounced strongly last week up to $707.5.

There should be a Q1 production update next week. I gather that the weather in Q1 has been good, which should contribute to record production.

And on that note, a poster on another bb got this reply from the CEO:

“We expect 2018 will see a resumption in annual CPO production growth. Our confidence is based not only on DekelOil's growing standing among local smallholders as an established and reliable buyer of fruit, but also the imminent completion of the 25% increase in the Mill's capacity to 75 tonnes per hour from 60 tonnes per hour. Importantly, this will be in place in time for the commencement of the peak harvest season, which typically runs from February until June in Cote d'Ivoire."

[basem1] 06/4/2018 07:09

A significant appointment.... Can't wait for the production update.

[chadders] 02/4/2018 16:41

Q1 update this week? There's a possibility Management may publish numbers a week early due to the recent share performance. Not long to wait either way. I'm expecting a record performance but DYOR.

[rivaldo] 27/3/2018 12:59

Yep, great to see Miton increasing their stake - they are indeed usually excellent investors. They've gone above 16% with 47.98m shares - more precisely, they had 47.56m shares in their last holdings RNS in September, so they've bought another 420,000 shares or so:



With record profits for 2017 already signalled, and production growth this year, there's a load of upside here if all goes well imo.

[twistednik] 27/3/2018 12:29

Expect a positive update in the next few weeks which will hopefully propel us back towards 12p.

[twistednik] 27/3/2018 12:29

Miton upping their stake slowly is a positive. They're a good fund manager and must have some confidence on the Q1 figures.

[chadders] 22/3/2018 09:20

It would make sense to diversify on one level, but being ethical in a largely non ethical industry is a huge differentiator. If DKL can leverage this they could capture market share.

Norpalm is taking too long so my guess is it's withering on the vine.

[cyfran101] 21/3/2018 23:43

Due to negative sentiment it could be the driver to diversify to other areas rather than pursue Norpalm.

[chadders] 21/3/2018 12:12

Forget my no volume comment. A late trade of 900000 has been reported from yesterday and another 900000 sell reported today at midday.

[chadders] 21/3/2018 12:05

basem1, I think there's also very negative sentiment towards Palm Oil producers at the moments because of the deforestation in Malaysia and the antics of a few producers over there.

DKL is an ethical producer (in a different continent) helping local growers and planting new trees sourced from their nursery operations. This is a major positive as there is significant pressure on the major consumers of CPO to ethically validate their supply chains. Sourcing from DKL would negate criticism of their operations immediately and get the environmentalists of their backs.

CPO around 670 dollars per tonne at the moment so this wouldn't explain the woeful share price performance either.

I'm keeping the faith and accumulating on the dips. DYOR etc...

[chadders] 21/3/2018 11:31

No volume, just drifting down on the few sells in my opinion.

[basem1] 21/3/2018 09:32

9.45 to buy. 9.455 to sell at present.

[basem1] 16/3/2018 08:22

Agree totally chadders Worth 20p all day long. Nearly a 2% yield here too ?

[chadders] 14/3/2018 18:04

Ridiculous price. Had to add a couple of chunks this week. I expect Q1 numbers to be a record high when reported in about 3 weeks time. DYOR etc.

[rivaldo] 05/3/2018 09:42

Cheers Leoboy, everything sounds extremely positive.

Highlights as summarised elsewhere:

High season now "six months"!
Norpalm talks still ongoing, but "not losing any sleep over it".
Looking in to M&A in areas "other than palm oil" in Ivory Coast.
News re what the cash is being used for - "don't want to put a timeframe on it", but "one or more things over the next little period".

It seems that certainly for this year DKL are going to have an extended high season, which bodes very well indeed. Particularly with the palm oil price having bounced recently.

It would be great if DKL could expand into cocoa or cashew nuts given that the Ivory Coast is already a leader in both. DKL already has the infrastructure in place this, so this would be very interesting, and I gather that tax breaks have recently been introduced for local cashew processing.

[leoboy] 02/3/2018 18:29

from 28-02-18 Lincoln talks about Drawdown of Syndicated Loan & mentions Cocoa & Cashews :

[basem1] 28/2/2018 13:36

Needless markdown this morning IMO. Hoping to add at 10.2p or less but I don't think I'll be that lucky.