Dekel Agri-vision Share Discussion Threads

[blue2guit] 13/9/2018 08:00

Ah that will be the none existent dividend.

[martinc] 13/9/2018 07:50

Fairly dreadfull results. Though if the weather improves for a bumper crop next year it could be a bargain.

[poleaxe] 08/8/2018 16:39

Reckon someday they will get round to telling the pi's when they are going to pay the
divi

[chadders] 08/8/2018 16:12

Thanks for that cyfran 101. Modest valuation at 12p, nevertheless plenty of upside from here.

[cyfran101] 07/8/2018 17:42

VSA capital's tuppence...

hxxp://www.proactiveinvestors.co.uk/columns/vsa-capital-market-movers/29981/vsa-capital-market-movers-dekeloil-public-limited-londkl-29981.htmls

[cyfran101] 27/7/2018 15:02

Interesting that the cashew project has no company owned cashew acreage associated with the project. Cashew trees seem to grow easily in the tropics. Maybe later?

[chadders] 26/7/2018 09:00

Agree with your sentiment rivaldo. Potential for a big turn around. Will hold and continue to add.

[mattjos] 25/7/2018 16:45

looking like a train wreck to me Riv. Admittedly, not often you get it wrong but, this one looks in trouble

[rivaldo] 23/7/2018 13:51

Hi Mattjos. IMO the main product is actually working reasonably well for them, but they've been undermined by typical resource company factors like (1) the commodity price, (2) local FFB availability and (3) production/new machinery issues. (3) has already been overcome, (2) looks like it will be, and (1)....well, who knows when. Certainly CPO prices aren't too healthy at present.

The move into cashews is simply leveraging their local knowledge and reputation onto a product which is already well recognised in the country and where demand globally is going up and up. It looks a good move and healthy diversification to me. Remember that DKL is already expanding its CPO operations at Guitry.

There are so few CPO independent producers left that DKL will probably be taken over at some point if it continues to fail to produce improved returns. In the meantime, the share price has fallen to a level where I can't see too much downside, but can over time see large upside after say a good couple of quarters of production and/or decent achieved sale prices.

EDIT - looking like I'm wrong re the downside :o((

[ntv] 23/7/2018 09:24

Average PKO price per tonne 893 1,015 12.0%
this part of statement released by the company is not true
they should be forced to re release statement
it should -12%

[mattjos] 19/7/2018 21:36

Rivaldo, am surprised you are staying with is one. I've watched for couple of year now and it looks a train wreck ... their 'core' product ain't working for them and so now they are trying to skip onto cashews .. it's akin to many AIM-listed metal explorers, giving up on one dud resource and punting on drilling another one. The last placing fudge is now becoming clear to all. Huge potential but, not going to plan.

[ddonaldson2] 19/7/2018 21:14

In my opinion

[ddonaldson2] 19/7/2018 21:13

This will recover time to start adding

[ntv] 19/7/2018 14:49

good luck with that rivaldo best to stay short
easy money with a load of muppets running the show
don't forget to switch the lights or will the banks just pull the plug

[larva] 19/7/2018 13:29

This smells like a load of dung

[rivaldo] 19/7/2018 10:12

No getting away from it, DKL had a very poor Q2. The fall in the CPO price isn't helping of course, and the poor local harvest has exacerbated matters.

Both of the latter could of course recover at any time, but that's the risk with resource investing - and it seems that July has already seen better harvests.

Cantor's forecasts from last year for 2018 were £5.63m PBT and 1.85p EPS, which shows the potential. It'll be interesting to see the H1 numbers and whether DKL remain profitable having had such a poor H1, and by how much.

The m/cap here is now down to a mere £17m, and given DKL's prime position in the IC and palm oil community, plus the potential in cashews and Guitry, I'll stay invested.

[rivaldo] 03/7/2018 09:08

FYI here's commentary from Cantor Fitzgerald with a revised 19p target price:



"DekelOil's full year results are in line in terms of revenue, but the outlook statement shows continuing weak conditions with low fresh fruit bunch levels persisting into H2. The company is doing the right thing in diversifying geographically at Guitry and commercially into cashew nuts, with the recently announced option potentially transformational in our view. However we see uncertainty over the timing of recovery in the palm oil business as likely to weigh on the shares in the near term.

The expert view, that weak years should be followed by strong ones, gives room for optimism in 2019 and the company has maintained its dividend in cash terms. We are therefore cutting our forecasts for 2018 but see recovery likely in 2019 and our changes here are more modest so that our DCF based valuation falls to 19p from 22p."

[rugs2] 26/6/2018 09:40

Rivaldo
Am told results will be out later this week for sure.

If Trustland owns 100pct of Pearlside which in turn owns 100pct of Capro and the DKL directors have some 30pct of Pearlside any idea who in Trustland has the other 70pct ?

[rivaldo] 26/6/2018 09:14

Today's news is encouraging. I like the move into cashew nuts, which is a booming sector and complementary to DKL in terms of location.

The option to buy looks to be at a pretty good price. This looks to be a better deal all round than Norpalm (which I assume has now disappeared):



Now that's out of the way I assume the results will be out pronto.

[masurenguy] 22/6/2018 23:40

They have until next Friday or the shares will be suspended on Monday 2 July !

[tradertrev] 22/6/2018 18:12

need some results soon or we get suspended

[empirestate] 08/6/2018 21:45

any idea when results might be?

[rivaldo] 24/5/2018 15:59

I'm assuming that the CPO price direction is good as a general guideline for prices, so it's useful in that respect. I'm no expert, so happy to be educated if that's not the case.

I do believe there's a solid - and profitable - core business here which has been sunk recently by a series of issues, both one-off and management naivety/incompetence.

There's nothing that a good quarter or two of production won't solve. Sentiment can change on a sixpence.

[mount teide] 24/5/2018 15:35

Often when investing in companies with management that go on to prove to be highly 'economical with the actualite' as the late MP Alan Clarke once memorably said - the first loss is usually the best loss!