Dekel Agri-vision Share Discussion Threads

[empirestate] 05/8/2016 12:14

Here are my projections for the half yearly results based on the half year sales report, margins, prices, previous year expense base and adjustments to finance costs for debt removal.

Revenues Euro 15.1 million apx up 15% on previous.
Gross Profit Euro 3.5 million, basis apx 23% of revenues
General Expenses Euro 1.25 million
Finance Costs Euro 0.9 million, adjusted for debt removal, but not lower rate
Net profit Euro 1.35 million

[ntv] 27/7/2016 18:12

FROM THE FINALS

All the above factors are seasonal, and importantly they do not detract from the structural growth drivers we believe will underpin global palm oil markets for many years to come. Our long held view remains very much intact: thanks to favourable global vegetable oil demand and supply forecasts the outlook for CPO prices over the medium term is highly positive. In the short term, as our full year results demonstrate, DekelOil can still thrive in challenging market conditions. This is due to the state of the art equipment we have installed at Ayenouan, which generates market leading margins; the favourable local supply and demand dynamic for CPO; as well as the natural margin hedge between the price we pay for FFB from smallholders and our sales price for CPO, both of which are linked to the international palm oil price.

[ntv] 27/7/2016 18:08

THE ACCOUNTANT
TAKEN FROM INTERIM RESULTS
CHAIRMANS WORDS

We are managing this price fluctuation better than most given we receive a premium price to the international price for our product because local demand for CPO continues to outstrip supply

SO WHWHY WEREN'T WE INFORMED
SHORT TO GET MY MONEY BACK PLUS A BIT

[empirestate] 26/7/2016 09:50

those 2 x 350k buys is pretty decent money

[the accountant] 23/7/2016 16:40

NTV - I do know better. Talk directly to the broker or a director as I have done then you might know better too.

[empirestate] 22/7/2016 14:31

looks like there could be something stirring here. decent volume in comparison and the price is rising now. It was interesting to note from the presentation with regards to the South East Asian palm oil companies who see West Africa as a viable add on to their domestic business. Personally wouldn't rule out an exit strategy of the shareholders if the price was right ie apx GBP 70-90 million imo

[empirestate] 22/7/2016 12:23

good to see any share price discount being bought back up. am expecting the half yearly statement in August this year so am optimistic for some value to be added into the share price as there has been some significant contributing factors over the last 6 months.

keep em peeled

[ntv] 22/7/2016 08:38

IT IS THE COMPANIES DUTY TO KEEP SHAREHOLDERS FULLY INFORMED AT ALL TIMES ESPECIALLY DURING PLACING WHERE IT HAS GIVEN EXPECTATIONS TO NEW SHAREHOLDERS.
IT HAS PREVIOUSLY SAID THAT IT RECEIVES A PRICE FOR GOODS VERY CLOSE OR AT A SMALL PREMIUM TO THE ROTTERDAM PRICE. SEE PREVIOUS COMPANY STATEMENTS.
IT ALSO STATED THAT THE APRIL PRICE I THINK FROM MEMORY HAD RISEN BY AROUND 10%.
THE RECENT FIGURES CLEARLY SHOW THAT THE AVERAGE PRICE RECEIVED HAD CLEARLY DROPPED OFF A CLIFF DURING THE TIME WHICH THE PLACING WAS CARRIED OUT.
BOTH THE BROKER AND THE COMPANY FAILED TO INFORM THE MARKET THAT THE PRICE DROPPED BY SUCH A HUGE AMOUNT.
THAT PARTICULAR DIRECTOR SHOULD NOT HAVE BEEN ALLOWED TO SELL INTO THE MARKET WITH INSIDER KNOWLEDGE THAT THE PRICE HAD FALLEN THEREFORE AFFECTING PROFIT MARGINS
INSIDER TRADING???

THE ACCOUNTANT
SPOT PRICES ARE IN THE DAILY VIEWING BUT IF YOU DON'T RECEIVE THE SPOT PRICE FOR YOUR PRODUCT THEN YOU SHOULD INFORM THE MARKET ESPECIALLY WHEN IT IS DOWN 25%
YOU SHOULD KNOW BETTER

[the accountant] 21/7/2016 16:04

rickyhatton - thanks for that. Having found the details I see that one director sold circa 22m shares but NTV omitted to mention that another director subscribed for circa 75m shares. So I don't think there is anything sinister in the sale.
Also, the AGM statement and the Presentation were issued the day before his post.
Regarding the sale price of CPO, my understanding is that this is not something that requires an RNS . It is simply market forces and the spot price is in the public domain on a daily basis.

[rickyhatton] 21/7/2016 15:33

NTV might be referring to this
"Yehoshua Shai Kol is selling 22,641,480 Sale Shares in connection with the Placing, and following the Placing (but before the Share Consolidation), Yehoshua Shai Kol will hold 110,265,258 Existing Ordinary Shares, representing approximately 4.7 per cent. of the Pre-Consolidation Share Capital"

[the accountant] 21/7/2016 10:47

NTV - where did you get the information about director selling in to the placing ?

[activeservo] 19/7/2016 17:53

Unless the world's increasing population suddenly reverses or we all decide to follow the paleo diet and wash our hair with herbs from the garden, then the CPO price can only go up. It's just a blip. Same as the crude oil industry is going through right now. Just need to wait. Perhaps why DKL haven't covered it in detail or released a profit warning. They wouldn't have increased their stake if they thought the CPO price was going to fall much further. It's their industry, they know best, we just need to follow. Can alway be wrong of course.

[ntv] 19/7/2016 09:07

THEY KEPT TELLING US HOW WELL THEY WERE DOING BEFORE THE FUND RAISING. FORGOT TO MENTION ABOUT THE FALLING PRICE FOR PALM OIL. MINOR DETAIL I SUPPOSE IN THEIR EYES. NO WONDER DIRECTOR SELLING INTO PLACING. BIT OF INSIDER INFO IN MY OPINION
BUT WTFDIK
NO AGM STATEMENT
NO PRESENTATION

[empirestate] 19/7/2016 00:38

can't find the agm presentation on the website, can anyone assist or am i just being a tad thick

[empirestate] 18/7/2016 09:36

a confident GBP10K buy in. AGM at 3pm today, surprised not to see the expected statement this morning, but hopefully they will make the effort to give some guidance.

[empirestate] 13/7/2016 13:44

That's a well wrote summary and much needed considering the recent share price slip.
AGM statement next Monday so I would expect a re-iteration of performance and hopefully a positive forecast

[empirestate] 12/7/2016 17:22

good to see a decent recovery into the close this pm

[mach100] 11/7/2016 15:11

Nice to see a bit of confidence restored and some buyers around. I hope the production blip can prove to be a platform from where there is a re-invigoration of the company. A lot of work has been going on in the background to build foundations. It is high time to shift focus onto share price performance and driving up profitability.

[empirestate] 08/7/2016 16:47

Good to see the intranet discount snapped up. Glad to see the back of those sellers

[empirestate] 07/7/2016 09:42

Mach, certainly discounted by the 'sell on the news' crowd. A decent buying opportunity imo what with AGM on 18th. Certainly need the half yearly results out early, hopefully in August to restore interest and yes the last piece of debt rescheduling news wouldn't go a miss.

[mach100] 07/7/2016 08:52

Hi empire. Some good news in there as well as some creative accounting./ DKL do tend to hark back to earlier periods but growth should be a given as they ramp up production from a low base. I expect Lincoln will be out banging the drum today but we need more info on dividends and forecasts etc.
The company also needs to flesh out Ghana, Guitry once the albatross of the final debt rescheduling has been sorted.

[empirestate] 07/7/2016 07:30

materially higher ebitda, sounds pretty good to me

[empirestate] 06/7/2016 14:04

those sellers must be mad

[empirestate] 05/7/2016 07:27

''while higher margin fresh fruit bunches grown from our own 1,900 hectares of mature plantations are now being used as feedstock."

This should certainly add some decent profit to the bottom line