Dekel Agri-vision Share Discussion Threads

[rivaldo] 15/5/2017 12:23

...and the CPO price is continuing to rise, up at $742.5 as at last Thursday night.

[cyfran101] 14/5/2017 01:49

See post 312

[nurdin] 12/5/2017 17:07

Where are you seeing those palm oil prices Riv?

[mfhmfh] 12/5/2017 12:00

any idea when an update/results are?

[rivaldo] 12/5/2017 11:39

Good to see the CPO price has bounced back to $722 - even at these lower levels it compares nicely to $705 a year ago, and that was with much lower production.

[cheshire man] 12/5/2017 08:40

Took some more yesterday :-)

[empirestate] 12/5/2017 07:48

poleaxe, try throwing a dart with your eyes shut at a list shares, works alot better

[poleaxe] 11/5/2017 19:03

Rivaldo - thanks for pointing that out as if it makes much difference, perhaps i should dmor in future instead of buying shares after sticking a pin in a list of shares with my eyes shut.

[113mike] 11/5/2017 18:53

Topped up again today...'bout time this started the rerate..whats going to kick start this....and when!

[varies] 11/5/2017 10:54

Rivaldo
Thank you for reminding us of the assurance about financing the offer.
It may be, however, that even if loans are available, DKL will still need to raise money before long to repay them and provide for the cost of work on the Norpalm plantation. Let us see.

[shauney2] 11/5/2017 10:47

Gets a mention in Shares Magazine double your money main feature.

Nothing we don't already know.
Analysts targets is the point and Cantor Fitzgerald 29p for DKL

[rivaldo] 11/5/2017 10:05

This is interesting - quite a sea-change online.

You can now only buy a maximum 50k shares at the full 14p offer, whilst you can sell at least 200k at a premium at 13.57p.

Certainly much better than for a long time.

[113mike] 11/5/2017 07:33

Thats only 2.5p above where are now.. ok for starters but we should be there now!

[rivaldo] 11/5/2017 07:29

For chartists - Zak Mir yesterday sees a 16p target for DKL on this video:

Http ://www.proactiveinvestors.co.uk/companies/stocktube/7426/zak-mir-16p-still-a-valid-target-for-dekeloil-7426.html?utm_source=Sign-Up.to&utm_medium=email&utm_campaign=7163-365042-PROACTIVITY+-+10%2F05%2F2017

"Zak Mir: 16p still a valid target for Dekeloil
10:44 10 May 2017

Palm oil group's move on Norpalm in West Ghana has highlighted rising trend since September and as long as price stays above 12.74p a valid target for the shares is 16p."

[rivaldo] 10/5/2017 22:49

Today's RNS specifically states that the acquisition will be financed:

"from a combination of DekelOil's existing cash resources, new equity partners at project level and debt financing"

So any dilution is likely to be reasonable relative to the likely earnings-enhancing impact of the transaction. The directors in particular - with large shareholdings - will not want to see their holdings overly diluted.

[varies] 10/5/2017 20:45

empirestate
Thank you so much for your detailed information.
Norpalm Ghana's production seems to be roughly half that of DKL.
No indication is given yet of how much DKL would pay. It may well be considerably less than half of DKL's market cap. of c£40 million.
Even if the price is as little as £10 million, this will be a significant sum for DKL and there will probably be a need for heavy capital expenditure on Norpalm's business.
So I think there may be a large placing of DKL shares to come and I will wait for more details before adding to my holding on which I currently show a modest profit.
When I bought my DKL shares, I also bought PAL at 1.25p which has proved the better bet although one would have expected plantations in Liberia to be even riskier than in the Ivory Coast.

[rivaldo] 10/5/2017 19:08

Invest in DKL then - it's based in the Ivory Coast :o))

[poleaxe] 10/5/2017 18:01

Slightly worried at being invested in a Nigerian company, a country that is rife with thieves, fraudsters and con artists, although i suspect most of then are plying their trade in the UK now.

[bobbyshilling] 10/5/2017 10:08

Two very good rns's this morning! I am surprised that share price is still where it is; seems like the market are still asleep on this one.

[empirestate] 10/5/2017 09:39

NGL 2017 March performance
(Last updated: 16.04.2017)
March: NGL recorded record volumes as far as FFB processed were concerned. So far, Q1 result is well ahead of budget. Men, både CPO og PKO priser er under press, CPO nu under 2017 budsjettprisen på USD 750 / mt. GHC har appreciated from last month's record low level and is now traded at app. 4.20 to the USD. The outlook for the remaining 2017 peak season is good.

[empirestate] 10/5/2017 09:36

From RSPO web

NORPALM GHANA LIMITED
Profile
Norpalm Ghana Ltd. (NGL) was established in Accra, Ghana on 29 October 1998 as a vehicle to acquire the assets of the former state owned enterprise National Oil Palms Ltd. under privatisation. After a lengthy acquisition process, NGL took over all operational responsibilities from September 2000. Originally owned 20% by a local investor and 80% by Norpalm AS, Norway, the current ownership is a Joint Venture between Norpalm AS (68.6%) and PZ Cussons Ghana Ltd. (31.4%). NGL?s mission statement has as one of its objectives to become a leading palm oil producer in Ghana. After a slow start, NGL is today among the four leading industrial palm oil milling companies in the country, processing more than 80,000 mt. of FFB per year. NGL?s nucleus estates of 4,500 Ha. have been turned around and developed into a well-managed plantation concentrating on high yielding, draught resistant planting materials. The overall target is to reduce dependence of low quality Dura fruits from the open market in such a way that minimum 50% of the FFB requirements will come from high quality Tenera palms in the future. At the same time, NGL?s mill has undergone a full refurbishment ? incl. various, new investments ? to fully cope with the steady increase in both estate and outside FFB volumes In 2003 NGL and PZ Cussons Ghana Ltd. signed a Supply Contract giving PZ the exclusive right to buy all CPO produced, on favourable terms both for NGL and PZ. The current Supply Contract expires on 31 August 2013. NGL?s workforce (April 2013) ? including casuals ? totals 284. In addition approx. 1250 contract workers are engaged at the plantation as and when needed, predominantly during harvesting, pruning and weeding. The company is among the leading contributors to the economy in the Western region. NGL is managed by a team of Ghanaian professionals working closely together with a Board nominated by the two shareholders Norpalm AS and PZ Cussons Ghana Ltd. ROUNDTABLE ON SUSTAINABLE PALM OIL (RSPO) NGL has participated in the RSPO process since its inception in 2003. The multi-stakeholder organization that was established in 2003 will address bad practices in oil palm cultivation. Vision: RSPO wants to ensure that oil palm contributes to a better world. Mission: RSPO promotes the production, procurement and use of sustainable palm oil through: (1) development, implementation and verification of credible global standards, (2) engagement of stakeholders along the supply chain. NGL is a member of the National Interpretation Working group that carried out the recently approved National Interpretation of the Principles and Criteria. NGL has prepared an action plan that will lead to finally lead to certification. Among the benefits of RSPO certification are the following: ? a responsible world citizen or corporate body ? the satisfaction of a job well done ? ethical consumers will pay a premium for certified products with traceable supply chains ? overall benefits being a responsible palm oil producer NGL has also recently undergone an RSPO baseline review carried out by PROFORST in July 2012 following which a detailed RSPO action plan/ road map has been drawn and is currently being carried implemented towards the achievement of RSPO certification by Dec 2014

[113mike] 10/5/2017 09:02

Keep seeing that 29p tp and keep seeing nothing happening on the share price ..c'mon DKL ..get a move on ffs!

[badgerry] 10/5/2017 08:55

Combination of project equity, cash and debt - that means we couid be looking at a substantial acquisition with no equity raise at the Dekeloil level - that is great news for shareholders. Surprised the stock is not moving higher this company is now getting into its stride.