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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% 3.20 215,914 07:41:07
Bid Price Offer Price High Price Low Price Open Price
3.00 3.40 3.20 3.20 3.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 31.44 0.77 17
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 O 75 3.40 GBX

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Date Time Title Posts
24/1/202310:58DKL with Charts & News2,704
18/1/201611:27DEKELOIL - PALM OIL FROM THE IVORY COAST750
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 (DKL) Top Chat Posts

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Posted at 27/1/2023 08:20 by 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 3.20p.
Dekel Agri-vision Plc has a 4 week average price of 3p and a 12 week average price of 3p.
The 1 year high share price is 6.58p while the 1 year low share price is currently 2.15p.
There are currently 537,098,441 shares in issue and the average daily traded volume is 209,832 shares. The market capitalisation of Dekel Agri-vision Plc is £17,187,150.11.
Posted at 24/1/2023 10:50 by rivaldo
WH Ireland have raised their fair value price to 9.5p (from 9p).

They now forecast €0.5c EPS for this year and an increased €0.9c EPS for next year (2024) with a P/E of only 4.1 - and that's on "cautious volume assumptions":

Extract:

"Cashew moves to 100% ownership; transformative project moving ahead

This morning’s announcement that the company’s stake in its Tiebissou raw cashew nut (RCN) processing project is being raised from 70.7% to 100% appears well-aligned to the company’s strategy of growth and diversification, and particularly so at a point when the cashew project is set to deliver significant rewards in FY2023-24 and beyond. DKL is an increasingly diversified agricultural concern focussed on West Africa (Ivory Coast) whose portfolio of projects includes a fully operational sustainably sourced palm oil business.

Once in full operation, the cashew project is expected to contribute over €12m of revenue in FY24E, a very significant lift in the context of our €31m FY22E revenue forecast, with strong positive cash flows and even greater potential in the long run. The new operation significantly increases the overall scope and scale of DKL’s activities as a growing multi-commodity agricultural group, and this will be even more the case looking out beyond the current year as the cashew processing plant steps up further from its planned FY23E initial processing rate. Looking further out, the company also has credible green energy ambitions. With a value accretive share acquisition, our fair value assessment is raised to 9.5p (formerly 9.0p) and we continue to see upside for this stock."

"Forecasts / Valuation We refer readers to our DKL Initiation Note published in June 2022, for more information. We see the company making excellent progress, and are encouraged by this morning’s newsflow. Seeking to retain conservatism in our forecasts, we make adjustments based on cautious volume assumptions, which may however prove overblown (see below). At the same time, our EPS forecast is upgraded for FY24 on the back of today’s announcement. DCF and comparator-based fair value assessment is raised from 9.0p to 9.5p."

Posted at 24/1/2023 07:30 by rivaldo
Excellent news - DKL have purchased the remaining 29% of the cashew project and now own 100%, and for a relatively paltry £619k in shares. A shame that the share price isn't higher for less dilution, but then perhaps this makes it an opportune time for the sellers.

DKL can now push on with ramping up production and maximising shareholder value:

Https://uk.advfn.com/stock-market/london/dekel-agri-vision-DKL/share-news/Dekel-Agri-Vision-PLC-Increased-acquisition-of-Cas/90041379

Posted at 27/12/2022 17:04 by harry the haddock
unfortunately we've said the same thing year after year after year mr Doughnut. We think DKL is in great shape and a great position but it never fails to disappoint. just 1 fact; the share price is 40% down on what it was 2 years ago and yet we all think it's in a much better place
Posted at 09/12/2022 10:18 by rivaldo
WH Ireland retain their 9p fair value for DKL.

They forecast €4.6m EBITDA and €0.4m PBT this year, rising to €8.0m EBITDA and €4.2m PBT next year - and they state their assumptions are "conservatively framed".

For 2024 they see €10.7m EBITDA and €7.2m PBT, i.e 0.8p EPS (from 0.5p EPS in 2023):

Extracts:

"November update – Strong CPO pricing maintained ahead of 2023 high season

Today’s monthly production update from DKL highlights continued strong local pricing for CPO along with positive commercial developments in DKL’s cashew business. Commissioning of the cashew plant continues to progress towards the company’s target capacity of 10,000 tonnes of raw cashews per annum in FY2023, and with customer relationships developing in tandem, the company looks well positioned to deliver on our expectations for FY2023.

Local crude palm oil (CPO) pricing remains near all times highs in the local Cote D’Ivoire market, supporting a positive outlook as the company looks forward to the 2023 palm oil high season (February to May). While recent yields of palm oil fresh fruit bunches (FBBs) in the region remain below FY2021, the record harvest in FY2021 presents a challenging comparator and strong CPO extraction rates and high prices should help deliver a strong financial performance for the CPO for the full year in FY2022. Overall, DKL’s two fully-invested and profitable processing activities should shortly provide a positive cash flow, supporting the company’s plans to reduce levels of debt and grow as a much larger diversified agro-industrial business."

"Forecasts / Valuation

On modest single digit forward multiples, and with good momentum and the prospect of cash generation, we retain our broadly based (DCF and relatives) 9p fair
value assessment (see our initiation note : DKL Note)."

Posted at 12/9/2022 12:09 by rivaldo
WH Ireland retain their 9p valuation today, and summarise:

"Today’s announcement from Dekel marks a significant milestone for the company’s cashew operation. While not unexpected, the news that all key items of equipment have now arrived at the cashew plant and are in the process of being commissioned is highly encouraging and further de-risks project expectations. Following a short period of installation and testing, the company expect that cashew production in October will see a step-change in daily output, which should support positive cashgeneration from the cashew business as early as Q4-22E. On the palm oil front, fresh fruit bunch (FBB) quantities remain depressed compared to strong prior year comparators; however, the company notes early indications in September that volumes may be trending upwards and we expect yields to normalise into next season. Palm oil pricing locally remains near all-time highs despite weakness in global markets, with DKL’s average selling price increasing month on month to €1,050 per tonne.

Overall, the next few months is set to be highly positive for DKL, with the cashew project now close to entering full production, CPO and PKO prices remaining strongly supportive, and the potential for an increase in FFB yields into the next high season. DKL’s two, fully-invested and profitable processing projects should shortly provide positive cash flows, supporting the company’s plans to reduce levels of debt and explore dividend payments in due course.

 Cashew project – all key equipment on site

The company announce today that the final shelling machines have now arrived at the cashew site and are in the process of installation and commissioning. These mark the final pieces of equipment required to mechanise the company’s cashew operations from end-to-end, which should lead to a step change in throughput over the next few months. Once in full operation, we forecast the cashew project to contribute over €12m of revenue in FY23, with strong positive cash flows and potential for
over €24m p.a. in the longer term at 25%-plus gross margins.

 Local pricing robust

Average CPO prices of €1,030/MT (local) over the month represent a 6% increase over July and a 9% increase on the prior year. International prices have softened over the last quarter, but local CPO within Cote D’Ivoire are not perfectly pegged to global markets, meaning DKL’s prices remain near all-time highs. Strong pricing is expected to largely offset lower FFB yields in the year and prices remain materially above our FY23 assumption of €900. The company’s strategy of selling PKO into the international market continues to pay dividends, offering a step change in margin contribution over prior periods – pricing up 46% YoY.

 Palm oil volumes normalising, our expectations of an increase in FBB volumes either on a seasonal basis in the autumn or as we move into next year is supported by an upward trend in yields seen in September. Although not reflected in our forecasts, a poor harvest may be expected to be followed by a strong production year, while recent planting in-country will support a further rise in FFB volumes longer term.

 Forecasts / Valuation

Trading on a forward EV/EBITDA of 5.5x, falling to 3.9x in FY24, and following a material de-risking to our forecasts for the cashew project over the last few months, we see significant upsides in value. We retain forecasts set on June 13th (see our initiation note : DKL Note) as well as our DCF and comparator-based fair value assessment of 9p"

Posted at 26/7/2022 07:44 by rivaldo
Agreed rimau1, DKL at the current price would appear imo to be dirt cheap assuming simply any decent return from the new cashews operation and a return to normality for the CPO business.

WH Ireland have this morning reiterated their 9p target price. They currently forecast €0.4m PBT this year, rising to €4.2m next year and €7.2m the year after, equating to 0.5p EPS and 0.8p EPS respectively.

If those expectations are met then it's easy to foresee a share price of say 11p-12p here. It's just up to DKL to deliver....:o))

WH Ireland summarise:

"AGM update – Cashews poised to deliver cash flow and diversification

This morning’s AGM statement from DKL highlights the company’s strong FY2021 financial results and significant progress as it positions itself as an increasingly diversified agriculture business, now with two sizeable projects addressing complementary commodities. In their statement, DKL stress the benefits of diversification – reflected well in FY22 year to date performance, where exceptionally strong CPO prices have been offset by an abnormally weak peak harvest in the palm oil business.

With the imminent completion of the cashew project, the company is poised to realise a transformative increase in revenue and profits, at the same time significantly reducing its risk exposure. The company also flags its positive expectations for the palm oil business, with the likely normalisation in harvests in FY23 potentially contributing to record €50m+ revenues, in line with our recently introduced forecasts.

While today’s statement largely reiterates recent updates, we view the company’s confidence in its near term prospects as positive and justified. With a record financial performance for the palm oil business in FY21 recently confirmed, the business now sits with two complementary processing projects fully invested and well-positioned to deliver cash generative earnings. We retain our fair value assessment of 9p."

Posted at 21/7/2022 08:01 by rivaldo
Been on hols, and amazed to see the share price fall to these levels. The MMs have been fleecing sellers.

It does seem to be due partly to the delay in WHI DD, which presumably is due to having to "audit" operations in the IC and may have taken time due to Covid, staff shortages etc.

But also, whilst CPO prices have fallen quickly from the peaks, the CPO price is now $1,290. This is still 13% above a year ago and higher than the price through to last September'21 when it began rising. It's double the CPO price of $650 or so two years ago. And three years ago the CPO price was $486!

Plus DKL get the benefit of the two month delay in implementing international pricing, so will still benefit from high prices through to say the end of August.

The now £12.6m m/cap is derisory considering DKL are about to begin what's likely to be a hugely profitable cashews operation, let alone a return to normal CPO production in the next high season and hopefully perhaps a big improvement over the next 2-3 months.

Posted at 10/5/2022 10:35 by rivaldo
WH Ireland's note today has this to say - presumably target prices and full forecasts will follow soon, perhaps after the interims:

Https://www.whirelandplc.com/research-portal#/portal/whireland

"Dekel Agri-Vision (DKL) – Corporate – Monthly update – strong pricing and
major cashew project now close to completion

DKL operates a market-leading sustainable palm oil processing business alongside
a nascent cashew processing operation which is currently positioned to move into
a strong production phase.

This morning’s update highlights continuing very strong Crude Palm Oil prices achieved by DKL, with the April CPO at €1,061 per tonne up 32% YoY, while Palm Kernel Oil (PKO) has surged by as much as 72.8% YoY. As anticipated when the company reported two months ago, CPO volumes were weak last month (a regional feature). With ripening delayed by recent subdued rainfall, there is optimism that monthly FFB volumes will lift in the coming two months, assuming improvements on this front. In any case, the impressive pricing results, combined with an excellent outcome in the month on CPO conversion (22.5%, up from 21.4% last year), mean that the company’s expectations remain well-underpinned, with the pricing / volume offset set to generate a supportive set of H1 results.

In terms of cashews, DKL looks to be making good progress now, with the
prospect of cashew production starting in earnest in the coming months
(production expected to increase to >50% of capacity in the next 5 weeks).
Côte d’Ivoire is one of the largest producers of raw cashew nuts in the world,
accounting for approaching 20% of global production and a top 2 global producer.
Processing of raw cashews is mostly done elsewhere, creating a significant
opportunity for DKL to capture a higher value added component of the supply
chain, while also reaping rewards from lower transport costs. In the first instance
we expect DKL to process 10,000-15,000 tonnes of cashews at the new, largescale plant at Tiebissou, located in central Côte d’Ivoire (the heart of the country’s
cashew-growing area, and close to the capital). Further down the line, this is
expected to increase to 30,000 tonnes (2-3 years).

WHI view: It is encouraging to see that the company expects a “strong” set of H1
results notwithstanding the weakness in CPO volumes in recent months, and the
significant increase in prices certainly supports this view. We also note that the
local price of CPO has started to lift alongside the international price (+7.5%), a
major positive given DKL’s roster of local sales. Cashew production close to the
ramp-up phase means that the company is heading shortly for a major strategic
breakthrough.

We view the two businesses together as highly complementary given the volume / pricing characteristics of cashew processing, and would underline that (1) the new strand to the business means that this is becoming a much larger company, generating more significant sales and profits, and (2) the global situation is highly supportive in terms of pricing for vegetable oils of any kind as a result of the war in Ukraine, with the Black Sea region producing the majority (c.70%) of the world’s sunflower oil. We have no formal forecasts in the market; but are encouraged by today’s update, which suggests that the company is on the threshold of a new growth trajectory."

Posted at 07/3/2022 15:43 by rodney101
All time high share price 18pAll time low share price 2pCurrent share price 5.70pPlam oil up over 100% and this bill run in palm oil has not yet reflected in the share price :Hw long Not long This Thursday
Posted at 07/3/2022 15:36 by rodney101
Expecting a bombastic update on ThursdayCrude palm oil trading at an all time high and DKL share price near all time lows. You don't have to be rocket scientist to figure this one out
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