Dekel Agri-vision Share Discussion Threads

[rivaldo] 21/10/2020 11:49

CPO price rising to $765 as of yesterday:

[harvey8888] 17/10/2020 23:45

Dekel could be consolidation play. There seem to be a lot of small producers in West Africa. I need thoughts?

[chadders] 15/10/2020 08:59

Thanks for that rivaldo. I share his confidence and waiting patiently...

[rivaldo] 15/10/2020 08:14

Nice review overnight on Master Investor by Mark Watson-Williams:

"Dekel Agrivision (LON:DKL) – rewards to come for patient penny punters

Last Friday’s statement from this West African focused agriculture company was well received, with the shares picking up to 2.9p, before easing back to the current 2.6p.

Executive Director Lincoln Moore stated that: “SeptemberR17;s excellent numbers have driven an improved set of Q3 figures in line with expectations, which in turn builds on the material uplift in performance we reported for H1 2020. At the time of our half- year numbers, we said we expect to report a material improvement in H2 2020 results compared to H2 2019. Today’s figures only serve to increase our confidence further.

“With the next peak palm oil harvest season due to commence in January 2021 and the commissioning of our large scale cashew processing project at Tiebissou expected in Q2 2021, the next few months promise to be an exciting period for shareholders, as we look to take a major step towards building a multi-project, multi-commodity agriculture business.”

Still very early days in the real development of this palm oil and cashew business.

Even so, the patient investor may be rewarded with handsome profits – well that is my view.

(Profile 23.09.20 @ 2p set a Target Price of 3.5p)"

[chadders] 14/10/2020 18:35

Nice 1000000 share trade at the end. Looks like a buy...

[chadders] 14/10/2020 09:45

Confirmation of $780 a tonne.

[chadders] 13/10/2020 19:55

Thanks for the link OI, a good listen.

[rivaldo] 13/10/2020 13:49

Update for Monday - the CPO price is up once more to $780....

The Stockbox interview in post 1500 is well worth listening to:

- in 12 months' time, with the cashew plant up to speed, annualised group revenues should be up to €50m, with high single-digit EBITDA margins, i.e say €4m-€4.5m. This against the current £11m m/cap
- cashew capacity is 10,000 tonnes, at higher gross margins than palm oil
- the potential third commodity is currently in detailed feasibility, and should commence in H2 next year

[rivaldo] 13/10/2020 12:40

Cheers, will listen later.

Meanwhile the CPO price is up again to $762 as of Friday:

[outlawinvestor] 13/10/2020 09:17

LM interview on StockBox.

Dekel Agri-Vision Director Lincoln Moore on the Q3 2020 Production Update #DKL #PalmOil

[chadders] 12/10/2020 11:27

Crept back up to $750 a tonne.

[rivaldo] 12/10/2020 08:49

CPO futures rising nicely:



"VEGOILS-Palm oil jumps over 3% on stronger Dalian oils, higher Oct exports
12 October, 2020

KUALA LUMPUR, Oct 12 - Malaysian palm oil futures rose for a sixth straight session on Monday, touching a three-week high on the back of strength in rival Dalian oils and higher exports so far in October.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange rose 92 ringgit, or 3.16%, to 3,003 ringgit ($726.24) by 0233 GMT, the highest since Sept. 21.

The contract added 7.5% last week as heavy rains and widening coronavirus restrictions raised output concerns."

[chadders] 09/10/2020 16:31

Maybe not.

[chadders] 09/10/2020 11:14

I think the prospects for DKL may be gaining some credibility at last

[rivaldo] 09/10/2020 11:07

Good to see buying at over 3p now....

[chadders] 09/10/2020 09:39

The improvement in yield is noteworthy, perhaps the fertilizer programme is beginning to have a positive impact

[rivaldo] 09/10/2020 08:30

Worth noting that Arden's price target is 7.6p, i.e almost 200% upside from here.

By my calculations they see EBITDA more than doubling next year to €1.76m.

[chadders] 09/10/2020 08:09

Agreed, pleased to see monthly updates will continue at least until end of December. LM clearly has confidence in the Q4 monthly numbers.

[outlawinvestor] 09/10/2020 07:59

Agreed Rivaldo. With these numbers DKL remain on course to post FY20 revenues of c. EUR 22m. October typically sees a mini peak in FFB collection which combined with the stronger pricing environment should steer Q4 in the right direction.

Arden Partners released a comment reiterating their earlier recommendation and price target.

"We are not making any changes to our FY2020 forecasts. Our revenue forecast for 2020E is €21.9m compared to €20.95m in 2019A. We forecast EBITDA of €0.8m in 2020E, compared with -€0.1 in 2019A. Our net profit forecast for 2020E is -€1.99m, a material improvement from the net loss reported in 2019A of -€3.3m."

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

[rivaldo] 09/10/2020 07:10

Well - an excellent September production update today:



- large increase in CPO production
- big increase in CPO prices (as those of us here are aware)
- big increase in FFB
- much better extraction rates

and "we expect to report a material improvement in H2 2020 results"....

Plus, with the usual 6-8 week delay in CPO prices feeding through to the IC, if they remain at these high levels through to mid-November they will benefit the peak harvest season from January.

[chadders] 06/10/2020 19:10

Agreed rightnellie. Ridiculous valuation at the moment but a chance to add.

[rightnellie] 06/10/2020 16:21

Nice to see photos and videos of their projects. They seem to be developing well. A sound management development strategy which fully involves the local community and arguably has an ethical basis. Undervalued shares which should be re-rated and then rise steadily. That's my view anyway.

[chadders] 06/10/2020 15:53

Very upbeat presentation, well worth a read, thanks for the links.

[chadders] 06/10/2020 15:30

Missed the RNSNON this morning re the shareholder call. Anybody on here dial in and would care to share?

[leoboy] 06/10/2020 10:26

2020 interim results presentation