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
  0.00 0.0% 3.30 207,036 08:00:17
Bid Price Offer Price High Price Low Price Open Price
3.20 3.40 3.44 3.30 3.30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 17.73 -2.79 -0.85 14
Last Trade Time Trade Type Trade Size Trade Price Currency
15:43:06 O 100,000 3.2101 GBX

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Date Time Title Posts
04/12/202017:29DKL with Charts & News1,597
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 3.30p.
Dekel Agri-vision Plc has a 4 week average price of 2.10p and a 12 week average price of 2p.
The 1 year high share price is 4.25p while the 1 year low share price is currently 1.80p.
There are currently 423,895,851 shares in issue and the average daily traded volume is 707,015 shares. The market capitalisation of Dekel Agri-vision Plc is £13,988,563.08.
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.
rivaldo: Indeed rightnellie. The share price has rocketed somewhat over the last couple of months, so a pause for breath is natural. But there's lots more to go for, both short-term given the very high CPO price and medium/long-term with the cashew nut facility opening, which is only 6 months away now.
chadders: CPO futures up again. CPO now at $910. DKL share price still bumping along.
rivaldo: The last two peaks were for just a month or so each - whereas the high prices in 2014 had been around for some years. I suspect the current high prices may be sustained for at least much of the upcoming high season. The major shareholder list here is actually already pretty impressive, including the likes of Miton, AgDevco, Biopalm Energy (part of the huge Siva Group) - but yes, it'll probably be PI interest which drives the share price initially over the coming months: Key Shareholders Name Number of Ordinary Shares Percentage of Enlarged Share Capital Youval Rasin 67,346,705 15.89 Miton Group Plc 50,147,629 11.83 AgDevco Ltd 41,188,990 9.72 Biopalm Energy Ltd 35,455,111 8.36 Yossi Inbar 15,825,548 3.73 Shai Kol 27,581,861 6.51* Aristide Achy Brou 21,300,000 4.75 Lincoln Moore 4,949,791 1.17
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."
burtond1: Time for the @DekelAgriVision share price to go nuts?"...Dekel Agri-Vision's cashew nut project presents a low hanging opportunity for finances and investors ..."Here, @copytaster catches up with #DKL Managing Director Lincoln Moore to expand more...
outlawinvestor: Dilutes the shares a bit I don't really think it is dilutive but of course that depends on how one defines dilution. DKL is effectively receiving (roughly) €2 for £1 - 14% of €9m in exchange for 6% of £9.5m. It's like adding two parts cordial and one part water to the jug! In a way one could say Concordia was paying a premium for DKL shares. At the same time one can see the undervaluation of DKL: Pearlside has a PBV of 4.5 (€9m for €2m NAV) as at 30-Jun, and the PBV for European "Food Producers" sector was 3.6 in Jan-20. This deal however is based on a PBV of 1.6 on par with the current FTSE Food Producers sector and miles better than the market cap implied multiple. One final note for me is that the deal underscores the execution quality of DKL's board and not for the first time. IMO the quality of the team is in and of itself a reason some institutional investors should be inclined to take a position via the secondary market rather than waiting for a placing. [edit] Correction on FTSE Food Producers PBV - currently 1.6 not 2.2 as earlier stated.
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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