Dekel Agri-vision Share Discussion Threads

[king kong dong] 21/9/2016 13:41

200k delayed buy just popped through....big boys taking their positions?

[rivaldo] 21/9/2016 13:36

Good results coverage here:

Http ://www.proactiveinvestors.co.uk/companies/news/166224

"Dekeloil Public Ltd (LON:DKL) has revealed record half yearly palm oil production, turning out some 28,550 tonnes of crude palm oil (CPO) in the six months ended June 30.

It marks DekelOil’s first full half year producing with a new kernel crushing plant, and confirms it is operating in line with the strategy to increase sales and profitability at the Ayenouan palm oil operation in Côte d'Ivoire.

Revenue was up 23.6% to €16mln, from €12.9mln, while earnings rose 34.8% to €3.1mln.

That comes from the sale of a total of 25,225 tonnes of CPO in the six month period, and the group had 3,498 tonnes in stock at the end of the half.

DekelOil noted that its stockpile has reduced since the end of June, back to normal levels, as CPO prices have since improved.

The company also highlighted a significant transaction, in its acquisition of an additional 34.75% of its majority owned business, CS DekelOil Siva Limited. The deal effectively saw DekelOil’s stake in Ayenouan rise to 85.75%.

It means that DekelOil will keep a larger proportion of Ayenouan's growing revenue stream and cash flows and, according to the company, it can help accelerate the roll-out of its strategy to build a leading West Africa based palm oil producer.

etc"

[king kong dong] 21/9/2016 12:36

Moved up!!!

Coiled spring indeed....gonna explode before long.

Last chance around the 11.5p mark.

[rivaldo] 21/9/2016 09:46

Cantor Fitzgerald have today increased their target price slightly to 24p (from 23.5p) and say Buy:

[empirestate] 21/9/2016 09:29

looks like we could be in for a coiled spring here

[rivaldo] 21/9/2016 09:16

Agreed. I bought some of these this morning for the first time.

Looking pretty encouraging online - only a maximum 50k shares available to buy at the full 11p offer price, whilst you can sell more than that at the 10.75p bid.

[king kong dong] 21/9/2016 08:55

very decent figures indeed and going to get a whole lot better now the Nigerian currency situation has stablised.

Todays figures are a significant event for Delekoil and I expect to see a good rise off the back of this.

[empirestate] 21/9/2016 08:54

very decent npat considering tough pricing

[market master] 21/9/2016 07:46

RNS Number : 3822K
Dekeloil Public Limited
21 September 2016
DekelOil Public Limited / Index: AIM / Epic: DKL / Sector: Food Producers
21 September 2016
DekelOil Public Limited ('DekelOil' or 'the Company')
2016 Interim Results
DekelOil Public Limited, operator and 85.75% owner of the profitable Ayenouan palm oil project in Côte d'Ivoire (the 'Project'), is pleased to announce its interim results for the six months ended 30 June 2016.
Highlights
· Record half yearly production of 28,550 tonnes (2015: 21,836 tonnes) of crude palm oil ('CPO')
· First full half year production from kernel crushing plant in line with strategy to increase sales and profitability at Ayenouan:
o 1,998 tonnes of palm kernel oil ('PKO')
o 2,360 tonnes palm kernel cake ('PKC')
· 23.6% increase in revenues to €16.0 million, (2015: €12.9 million) and a 34.8% increase in EBITDA to €3.1 million (2015: €2.3 million)
o Derived through selling 25,225 tonnes of CPO (2015: 19,184 tonnes of CPO)
o 3,498 tonnes of CPO in stock at 30 June 2016
o Stock position reduced post period end to normal levels as CPO pricing has improved
· Significant increase in net profit after tax to €1.8million (2015: €0.1m net loss)
· Acquisition of additional 34.75% stake in CS DekelOil Siva Limited, the Company's majority owned joint venture in the producing palm oil project at Ayenouan
o Increases DekelOil's interest in Ayenouan to 85.75%
o Secures a greater proportion of Ayenouan's growing revenues and cash flows and has the potential to accelerate the roll out of the Company's strategy to build a leading West African palm oil producer

[cyfran101] 18/9/2016 23:34

Let's hope so Mach100. Looking forward to confirmation of continued progress!

[mach100] 18/9/2016 22:41

Actually NTV I think you will find that price in West Africa itself are now quite strong There were issues in Nigeria that disrupted prices for a time this year. Hopefully the dent in the share price will be mended when the effect of Nigeria's economic problems with its currency has unwound.
I also expected the interims last week and suspect that DKL are working on some big announcement or initiative. Perhaps Monday morning will bring us some news.

[ntv] 16/9/2016 18:43

they are Rotterdam prices and prices in the ivory coast are nowhere near those prices currently and you know that empirestate so stop putting them on here
see last DKL annoucements

[empirestate] 14/9/2016 10:47

CPO and PKO looking firm

Palm Oil (Crude)
Ports CIF NL - Rotterdam
Product Origin: Malaysia/Sumatra
Unit: USD/MT
From To Bid Ask Trade Volume
Sep 2016
Sep 2016
780
Okt 2016
Okt 2016
750
Nov 2016
Nov 2016
720
Dec 2016
Dec 2016
705
Jan 2017
Mar 2017
700

Palm Kernel Oil (Crude)
Ports CIF NL - Rotterdam
Product Origin: Malaysia/Indonesia
Unit: USD/MT
From To Bid Ask Trade Volume
Okt 2016
Nov 2016
1400
Nov 2016
Dec 2016
1375

[empirestate] 14/9/2016 09:57

may be not

[empirestate] 14/9/2016 00:48

is it time for numbers today?

[empirestate] 09/9/2016 11:58

Dekeloil Public Ltd 124.8% Potential Upside Indicated by Cantor Fitzgerald
Posted by: Katherine Hargreaves 4th August 2016

Dekeloil Public Ltd with EPIC/TICKER LON:DKL has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ this morning by analysts at Cantor Fitzgerald. Dekeloil Public Ltd are listed in the Consumer Goods sector within AIM. Cantor Fitzgerald have set a target price of 23.6 GBX on its stock. This now indicates the analyst believes there is a possible upside of 124.8% from the opening price of 10.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 2.25 points and decreased 3.1 points respectively.

Dekeloil Public Ltd LON:DKL has a 50 day moving average of 12.62 GBX and a 200 Day Moving Average share price is recorded at 12.73 GBX. The 1 year high for the stock price is 17 GBX while the 52 week low for the stock is 8.49 GBX. There are currently 249,610,313 shares in issue with the average daily volume traded being 279,314. Market capitalisation for LON:DKL is £26,433,733 GBP

[empirestate] 08/9/2016 16:00

nice pre-results buying spree.

[empirestate] 07/9/2016 17:47

up with ease on small volume buying today, hopefully the sell side pressure has disappeared for now

[empirestate] 06/9/2016 09:35

Just what the doctor ordered

Crude palm oil prices rally to 2016 high of $708.19/mt on higher demand, lower output in Aug: CIMB
in Commodity News 06/09/2016

palm_oil
A higher-than-expected surge in demand combined with weak production following the El Nino weather phenomenon earlier this year, sent front-month crude palm oil prices rallying to a 2016 high of MR2,845/mt, or $708.19/mt, on the Bursa Malaysia on August 26, according to the latest palm oil sector note released late Friday by Malaysia’s CIMB Bank.
The sharp spike in prices caught market participants by surprise as they had underestimated the recovery in demand from India and China, and narrowed the CPO price discount against soybean oil to $60/mt at end-August against a historical average of $140/mt, added the note.
Due to strong pre-festival demand from India and China, Malaysian August palm oil exports rose by 26.9% month on month, based on cargo estimates from surveyors SGS and ITS, said the note.
The month-on-month rise in exports was higher than CIMB’s earlier projection of a 5% rise. Chinese demand, in particular, was driven by the government stopping the release of its strategic rape oil reserves, it added.
Meanwhile, the El Nino weather phenomenon seen earlier this year continued to impact Malaysia’s palm oil production, which rose 5.4% month-on-month in August — much lower than the five-year August average of a 6.4% rise, the report said.
CIMB had earlier forecast production to rise about 8% month on month in August.
Peninsular Malaysia and Sabah production rises were lower than Sarawak increases, it added.
Higher demand and lower inventories are expected to pressure Malaysian CPO stocks to drop by 18% month on month to 1.45 million mt at end-August, the CIMB said.
CPO prices would remain quite firm during September and trade in the range of RM2,500-RM2,700/mt, the CIMB forecast

[empirestate] 06/9/2016 09:26

Interim Results should be next week. The board really need to understand they need to make shareholder value a priority. Am surprised there still hasn't been news on the refinancing of the remaining portion of debt. If the share price doesn't react positively on these interims i may have to re-consider holding for longer.

[empirestate] 22/8/2016 12:19

looks like holders are getting tired of holding. management need to wake up to the fact that a depressing share price certainly doesn't bode well for investor appetite.
Come on Lincoln, give us something to cheer us and the share price up.

[ntv] 11/8/2016 11:19

BOUNCE IT BOYS AND WE CAN DO IT AGAIN

[ntv] 11/8/2016 11:17

SAME DRIVEL DIFFERENT DAY
CLOSED PART
LOOKING FOR MORE WITH MANAGEMENT AND BROKER NOT INFORMING MARKET DURING PLACEMENT THAT PROFITS HAD COLLAPSED AS I HAVE HIGHLIGHTED IN PREVIOUS POSTS
LONDON STOCK STOCK EXCHANGE DON'T EVER ENFORCE THE RULES