Share Name Share Symbol Market Type Share ISIN Share Description
Dekel Agri-vision Plc LSE:DKL London Ordinary Share CY0106502111 ORD EUR0.0003367 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.35 7.87% 4.80 3,388,416 16:35:27
Bid Price Offer Price High Price Low Price Open Price
4.60 4.80 4.70 4.31 4.45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 17.73 -2.79 -0.85 25
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:27 UT 13,882 4.80 GBX

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Date Time Title Posts
05/3/202113:22DKL with Charts & News1,803
28/3/200608:54DKL can we have some more sellers please!!127
26/8/200314:34DKL...Lets start a new thread shall we89

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Dekel Agri-vision Daily Update: Dekel Agri-vision Plc is listed in the Food Producers sector of the London Stock Exchange with ticker DKL. The last closing price for Dekel Agri-vision was 4.45p.
Dekel Agri-vision Plc has a 4 week average price of 4.31p and a 12 week average price of 3.50p.
The 1 year high share price is 6p while the 1 year low share price is currently 1.80p.
There are currently 528,447,705 shares in issue and the average daily traded volume is 937,255 shares. The market capitalisation of Dekel Agri-vision Plc is £25,365,489.84.
rightnellie: thanks byh - have been feeling that the share price has been going down because of share dilution and uncertainty about the arrival of the cashew nut equipment. If it is soon on its way I think the price will recover and progress to its true worth. A good opportunity now for people to buy more shares at a very good price.
outlawinvestor: Quite informative interview with IG's Jeremy Naylor. LM reaffirmed the objective of organically growing output at the Ayenouan mill towards nameplate capacity of 60,000 tonnes p/a and suggests progress is being made to achieve higher FFB collection. In FY19 the FFB collection target was 190,000 tonnes targeting c. 43,000 tonnes CPO at 22.5% extraction rate - apparently a tough target when compared to actual collection and extraction rates. Processing a new commodity at the mill whets the appetite when one considers that the new commodity's capacity is additional to CPO nameplate capacity i.e. 60,000 tonnes CPO plus whatever capacity is declared for the 3rd commodity. We await full info but it seems clear that credits from the new commodity will meaningfully increase overall margins at the mill. It could mean that the mill stays profitable even if/when CPO prices dip. IMO, the current share price is unlikely to last long despite the recent 5p placing. The market has not yet priced in the stronger balance sheet, the increased exposure to the Tiebissou asset and the expectation of cashew revenues in H2. I don't have a crystal ball (obviously!) but based on fundamental analysis, experience and common sense I think the market will ascribe a 30% to 50% premium to the share price by the time the cashew mill is commissioned. Even that 6.5p to 7.5p level IMO still discounts other upside catalysts like RSPO certification, commencing 3rd commodity processing, increased CPO output, increased cashew output and the green energy project.
rivaldo: Good to see DKL featured on Friday night in Mark Watson-Williams' small cap round-up on Master Investor: Https:// "Dekel Agri-Vision (LON:DKL) – getting hotter on the nuts Now with 70.7% of the Tiebissou Cashew Nut Processing Plant under its belt, the West African focused agriculture company is expecting the project to swiftly become the second major producing asset for the group. Its palm oil operations obviously being the main earner – however the cashew nut side helps to grow the group into a multi-project, multi-commodity outfit. Brokers to the company Arden Partners upgraded their share price goal for the group this week to 9p, which offers a big upside on the 4.95p at which they closed last night."
mach100: Inevitable really trader. The company are fond of saying that the issuing of shares is a vote of confidence. The fall in the share price since the placing suggests short-term it does not good for confidence. DKL issued nearly 4m shares to buy 2% extra in the cashew business at 3.45p per share. Even now those shares almost 50% higher. Would have been cheaper to borrow money to pay up and avoid dilution.
chadders: harvey888, there is a fixed formula that results in shares of the CPO price going to both DKL and the growers. DKL do benefit greatly from the higher price. The price DKl gets lags the market by 5 to 6 weeks so current prices will prevail at the start of the high season. Current industry view is that we'll see similar or higher prices still in H1 2021 due to increased demand and supply constraints in Malaysia and Indonesia. All is well documented on this and the lse thread.
chadders: CPO futures up again. CPO now at $910. DKL share price still bumping along.
rivaldo: Agreed, the published spread should always be ignored as the true spread is usually so much better. Arden have updated as follows, confirming their Buy and 7.6p target price (nothing particularly price-sensitive, but a good summary so I've pasted it in full): "Dekel Agri-Vision has announced a positive set of palm oil production figures for October 2020. Fresh fruit bunches processed were up 15% in Oct 2020 at 9,350MT, compared with 8,118MT in Oct 2019. CPO production was up 19% at 1,818MT, compared with 1,528MT in Oct 2019, benefitting from higher extraction rates than in October last year. CPO sales in October 2020 were up 40% to 1,843MT, from 1,319MT in Oct 2019. The average CPO price for Oct 2020 was €636/MT, 28% higher than October 2019, when the CPO price was just €495/MT. PKO production was 14% lower at 129MT in October 2020 compared to 150MT in 2019, reflecting lower kernel purchases from other mills in the area, as a result of weak PKO prices. PKO sales were 251MT in October 2020 at an average price of €564/MT. (There were no PKO sales in October 2019). PKC production was 23% lower at 196MT in October 2020. Sales were 83% lower than in Oct 2019 at 47MT, whilst the average PKC price was up 5% at €61/MT in Oct 2020, compared to Oct 2019. The crude palm oil (CPO) price has continued to climb over the past few weeks. The average CPO price has jumped 5% in October 2020, compared with last month. This strong pricing performance has been as a result of restocking by key buying nations in Asia, such as China and Malaysia. Malaysia is now moving into its low production season. The current palm oil price is trading at US$825/MT (€698/MT). Dekel Agri-Vision’s management is cautiously optimistic that, despite the ongoing global pandemic, this supportive pricing environment will persist into the months ahead. This could provide supportive trading conditions for the Company, when it enters its upcoming peak harvesting season in Cote d’Ivoire, which runs from January to June.We are not currently making any changes to our forecasts. On the basis of our sum of parts valuation we value the company at 7.6p per share, equivalent a market capitalisation of £32.2m. This compares with the current share price of 2.4p and a market cap of £10.2m. We maintan our Buy recommendation."
chadders: I share the frustration but how much of the current share price decline is down to bad management? January share price was 3.5p and since then we've had CPO price drop to below $500 a tonne due to Covid and the share price followed the decline. The CPO price has since risen more than 50% to $775 a tonne, the company has returned to profitability, the Cashew nut project is progressing well, the debt has been restructured on significantly better terms, AgDevCo is onboard and production has been maintained during Covid etc etc.The share price is down 40% over the same period and has not followed the CPO price back up - the key parameter for performance and profitability...makes no sense on any level. In my view there are a few occasions when poor share price performance cannot be blamed on management but this is one.
chadders: Hrvey8888 H1 2019 Dkl broke even on 28000 tonnes sold at average $502. The H1 2020 promises improved profitability from 23000 tonnes sold at average $602, the actual result will be published in the interim report due sometime this month. To back this up in the monthly production updates LM has stated "another profitable month" on more than one occasion. In my view and to answer your question, it is unlikely to be true that $700 per tonne is required to be profitable. If you look at the historical numbers DKL was making large profits and paying dividends at around $700. In the meantime DKL has invested in more efficient processing and logistics as well as rescheduling debt at much more favourable terms and reducing fixed costs associated with administration. The CPO business is one of a few to be unaffected by COVID (apart from CPO price falls that have largely recovered) and CPO that has risen 40% over the period in which the DKL share price has dropped more than 45%.
chadders: Thanks for that rivaldo. At the same time DKL share price was 25% higher than it is now. The vagaries of the small caps market...
Dekel Agri-vision share price data is direct from the London Stock Exchange
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