||ORD EUR0.0003367 (DI)
||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Dekeloil Share Discussion Threads
Showing 1426 to 1450 of 1450 messages
|Ramadan at the end of May should generate a pick up in palm oil prices over the next few weeks as pre Ramadan demand kicks in.|
|we appear to be consolidating nicely in the 13's and if we hold at this level today we should continue the up trend on the chart as we proceed to getting nearer the finals.|
|Added this morning on the back of the Optiva note. Thanks for posting it rivaldo.|
|Considering the lack of buy side today, by any stretch with those sales the share price should have tanked|
|There's obviously a seller, and has been for some time. Think of it as a bargain buying opportunity. It might not last long.|
|and share price goes down ?? ffs! c'mon DKL share price .get yer act together!|
|results will be in May|
here and there
|Considering all the positive vibes, news and tipped to rerate to the 23 - 32p range...i'm surprised the share price is stuck at this level..should start the climb soon i would've thought?!|
|I was told end of June.|
|nurdin, they won't be end of June, you will see them shortly. AIM co's have six months to report i believe.|
|Yes results probably at the end of June.Can companies really hold back results for that long? Thats Aim for you I guess.
Thanks for that Riv.|
|FYI here's Optiva's update from last week - they have a 32p target and have DKL on a current year P/E of just 4.5:
"The Ayenouan project is proving to be a cash cow
Ticker: DKL LN
Mkt Cap: £38.5m
Shares Out: 296m
Q1 Production Update:
DekelOil (“Company̶1;) has reported record production and material sales growth in Q1 2017.
Total revenue in Q1 2017 was significantly higher by 37% at €9.7m, when compared to Q1 2016 and beat Optiva’s estimates of €9.1m. Record quarterly CPO production at 16,398 tonnes, which is 8.3% higher when compared to Q1 2016 and surpassed Optiva’s estimates of 14,335 tonnes. PKO production was reported at 996 tonnes, which was flat when compared to Q1 2016, however the average PKO sales price was 35% higher at $1,008 per tonne. The management believe they are set to move forward with the expansion phase.
Strong revenue has been predominantly driven by higher palm oil prices and to some extent the optimisation of their ground operations. CPO prices have surged significantly since June 2016 where it was trading around $550m/t, but moved higher and recently traded around $750m/t back in February 2017. We maintain our bullish stance on palm oil prices in the short term on the back of tight supply, weaker ringgit and higher biodiesel mandates. The management has done extremely well to optimise operations by boosting the extraction rates of CPO and PKO. The acquisition of an Empty Fruit Press (‘EFP’), which became operational in March 2017 could boost underlying profits by at least €500k in in first full year of operation.
The financial year-end results for 2016 are expected to be announced over the next 8 weeks and we estimate total revenues of around €26m, EBIT of €4.8m and underlying profits of €3.7m. In 2017, we forecast total revenues of €32m, EBIT of 11m, and underlying profits of around €10m. The management’s recent announcement of a progressive dividend policy and a maiden dividend of £500,000 will put the Company on a dividend yield of around 1.4% based on the current share price.
Based on our 2017 forecasts, Dekeloil trades on a P/E of 4.5x, compared to London peers trading on an average of 17x. In our view, this is unjustified based on how much the Company has advanced from a palm oil developer to a sustainable profitable producer. DekelOil presents a compelling opportunity for investors seeking a balance of capital and income growth. We maintain our price target of 32 pence per share."|
|Should see finals in next two weeks. It did appear that there was no seller weight on the share price on Thursday as the share price was allowed to drift higher from the early discount, on relatively small volume buy side. The chart is certainly in break out territory so hopefully we should improve from here.|
|Room for improvement? Must be the understatement of the year lol.|
|Good to see Friday's closing highs.
And DKL has been given a push over the weekend by Malcolm Stacey as an "ethical palm oil company", concluding:
"Palm oil prices have risen during February and March. In a trading statement this week, Dekel confirmed that production was up on last year. The news has already kicked the share price upwards, but there is still room for improvement".|
|rea was tipped by simon cawkill…hence the rise on low volumes.
The seller was cleared out at the end of last week, unless another one tips up, this should move on steadily.
In a recent podcast Lincoln Moore indicated that they were ahead of forecasts which had the company operating on a PE of 6 for this year. Contemporaries operate on valuations 3 times this level.DKL could well be on a PE better than 5 this year. Those Q1 numbers smashed all forecasts|
here and there
|The close of higher high is a decent signal. Did anyone notice today the share price gain of REA holdings epic RE., looks like cpo producers are in vogue.|
|took another 40k at 13.9, looking promising again|
|Empirestate, agreed hopefully the seller will clearr soon.
I recall getting into SPE when all the signals were there alongside broker upgrades, share tips the lot but it bumped along for ages then suddenly went gang busters
Hoping for the same again here.|
|surprising move back up on the share price considering very few volume buys, looks like a decent sign, as have said a few times before, but this one looks a little different.|
|Nurdin, you will be fine, patience will be rewarded.
Chadders, it hasn't helped that the company were giving shares to advisors and also purchased FBB by giving shares to the seller of the FBB. I presume this has been the reason for the constant drip feed of sell side shares.
It will finish soon considering the recent buy side volumes soaking up the stock so shouldn't be too long before a re-rate to high teens or early 20's.|
|Added a few more. This is a very compelling case and to be honest I'm at a loss as to why this isn't flying (a background seller but why?). Fantastic Q1 production update and year end results due with a promised maiden dividend. Can't be under the radar because it's being tipped by every man and his dog! Brokers all targeted between 23p and 32p. Methinks it will wake up soon.|
|My timing wasnt that brilliant here lol|
|sp having another hang over day.|
|Last year results came out on 14th April, so maybe next week.|