Dekel Agri-vision Share Discussion Threads

[113mike] 29/6/2017 12:03

Just picked some more up at .1218...see how it goes.

[113mike] 29/6/2017 11:47

Thanks ..thats what I thought too. Not to be sneezed at! Interims normally released mid Sept as well. and what with the aquisition/rto going through i can't understand why the share price is so low?

[joeall] 29/6/2017 11:39

£170,if divi is 0.17p.

[113mike] 29/6/2017 11:07

Hey guys.. just need some help with the maths here pls. On 100k shares the div cash pay out would be £17 ? or £170? Thanks in advance!

[rivaldo] 29/6/2017 08:26

Beaufort today reiterate their Buy and 23p target:



"DekelOil Public Limited (DKL.L, 11.75p) – Buy

The operator and 100% owner of the vertically integrated Ayenouan palm oil project in Côte d’Ivoire yesterday announced a maiden final dividend of 0.17 pence per ordinary share for the year ended 31 December 2016. This is in line with the Company’s proposed dividend of £500,000 announced on 17 January 2017. A scrip alternative is being offered with this dividend to those investors who wish to receive additional DekelOil securities in lieu of a cash payment.

By electing for the scrip dividend alternative, shareholders can increase their shareholding in the Company, in most cases without incurring stamp duty or dealing expenses. The scrip dividend elections will need to be received as instructed by 4 August 2017 from those investors who wish to receive shares in lieu of cash; the calculation period for this exercise will be between 13th and 19th July and certificates will be posted on 1st September, with payment date itself on 4th September. The Board also announced the date of its AGM as 3rd August.

Our View: No surprises, but shareholders will be pleased to receive their first, of what should now become a progressive regular dividend payment. This one alone provides shareholders with a 1.45% yield.

Full year results published on 6th June confirmed excellent progress, albeit knocked by an aberration just as the period came to a close. Revenues were a little ahead of expectations, but gross margins had been impacted by reduced availability of fresh fruit bunches during November and December. EBITDA accordingly came out at €4.1m compared with expectations of €4.8m. The new year, however, has started well with availability returning to normal and suggesting the Q4’2016 hit was a simple one-off.

Meanwhile, positive steps are being taken with development of the Group’s own plantations which, together with World Bank assistance, should improve feedstock visibility going forward.

Indeed, Beaufort considers DekelOil’s current share price still fails to recognise prospective upside from the ramping up its CPO production from now wholly-owned Ayenouan, where c.30% of the mill’s operational capacity is yet utilised (maximum capacity 70,000 tonnes per annum).

Moreover, the management is far from standing still, having confirmed on 10 May 2017 that it is in discussion with Norpalm Ghana Limited (subsidiary of Norpalm AS) and certain Norpalm AS shareholders in relation to the potential acquisition of all or the majority of the shares in Norpalm by DekelOil to build out its operations in neighbouring Ghana. Norpalm is an owner and operator of c.4,000 hectares of mature palm plantations and operates a 30 tn/hr mill which also purchases FFB from local producers. Norpalm sells 15,000 tonnes of crude palm oil sold into the domestic Ghanaian market, and also operates a PKO press which produces c.2,000 tn of PKO in the Ghanaian market. Such discussions are still ongoing and therefore there can be no guarantee that it will proceed. The Board intend, however, that it would be financed through a combination of DekelOil’s existing cash resources, new equity partners at project level and debt financing. The potential acquisition, if it were to proceed, would not constitute a Reverse Takeover, and so publication of a prospectus is not required. The Group will make further announcements in due course.

Even if Beaufort now takes the prudent step, based on recent commodity trading, of factoring slightly lower CPO price projections into its forecast model, this has not changed its price target for the shares.

Currently valued at FY2017E and FY2018E P/E multiples of just 7.8x and 5.8x, along with dividend yields of 1.5% and 1.7% respectively, Beaufort retains its Buy rating on the Shares with target price of 23p."

[cyfran101] 28/6/2017 22:30

Nothing is certain until they get assurances they need. I don't want them to buy in haste and repent at leisure.

[chadders] 28/6/2017 14:19

I think it's a done deal. Details will be very interesting as management has a good history of deals that are advantageous for shareholders. Pity it's not recognised in the share price which is about the same as that pre the 1 for 10 consolidation. Much positive news since. AIM is a poor platform for growing companies.

[mfhmfh] 28/6/2017 14:00

Doesn't translate well on google translate. Translation could be misleading

[nurdin] 28/6/2017 12:20

why not summarise what it is saying?

[mfhmfh] 28/6/2017 12:16

Has Norpalm sale to DKL been agreed?

Check link below (use google translate for english translation):

hxxp://www.norpalm.no/index.php?articleid=170&expand=96

[chadders] 28/6/2017 08:20

Well that takes care of any concerns that the Norpalm acquisition would compromise the dividividend . Expect mm's to play their usual tricks today but this should be a turning point in my view.

[poleaxe] 26/6/2017 21:04

Re my previous post i should have said a palm tree republic, your right chadders the results were on the sixth, i am thinking more about the results of the AGM, when hopefully we shall hear more about the way forward, and did i not read something about a maiden dividend.

[the accountant] 26/6/2017 20:19

Share price malaise probably linked to falling CPO prices. Hopefully H2 production figures will help turn sentiment.

[chadders] 26/6/2017 16:40

Results were out 6th June.

[poleaxe] 26/6/2017 16:18

Its a Banana Rebublic that's why, and still awaiting the results, then we will see.

[chadders] 26/6/2017 14:06

Few friends around it seems. Management must be wondering what they have to do to stimulate some interest. Broker targets well over double current share price

[nurdin] 20/6/2017 15:03

ok...thanks

[empirestate] 20/6/2017 14:53

Nurdin, I think no one wants to take a punt on norpalm project equity possibility. I would be surprised if Miton would take any dilution so if they were to participate it should be priced at least at 13,25. That's my take.
Q2 numbers due shortly, but may hear on norpalm before those

[nurdin] 20/6/2017 14:21

Puzzled as to why there is no interest here anymore...look pretty cheap to me on all parameters

[malcolmmm] 15/6/2017 09:32

buy 12.40 sell 12.40p on H/L. no spread at all

[chadders] 14/6/2017 18:32

dangermouse, thanks for the info, much appreciated.

[dangermouse77] 14/6/2017 14:23

Looks like we may have to wait until after the 20th to hear about Norpalm. Taken from their website (translation isn't great!):

NY, UPDATED INFORMATION FOR SHAREHOLDERS
(Last updated: 10/06/2017)
UPDATED 10th June 2017: BOARD OF NORPALM AS decided in a meeting 8th June 2017 TO APPROVE SALE AND PURCHASE AGREEMENT WITH THE COMPANY THAT ESTIMATE NORPALM. "ALL IN ALL I AM SATISFIED WITH THE CONTENTS OF THE AGREEMENT", SAYS CHAIRMAN PER SCHØNBERG. "TOLLS WITHOUT AGREEMENT WOULD HAVE extremely unclear WITH SIGNIFICANT RISK OF REDUCED SHAREHOLDER VALUE". FURTHER INFORMATION FOR SHAREHOLDERS will be issued IMMEDIATELY AFTER THE MEETING 20th June 2017.

UPDATED 3 June 2017 KL. 1015: THE AGREEMENT TO BOARD TREATED 8th June 2017 ENTERS FULL SETTLEMENT TO ALL SHAREHOLDERS WHO AGREED SALES TO KR. 1.65 PR. SHARE.

UPDATED 1 June 2017 KL. 1000: FINAL AGREEMENT WITH THE COMPANY THAT ESTIMATE NORPALM IS NOW COMPLETE NEGOTIATED AND WILL BE THE BOARD TREATED IN NORPALM AS 8 June 2017 NEW INFO WRITE TO SHAREHOLDERS TO BE SENT THEN OUT IMMEDIATELY.

UPDATED 26 May 2017 KL. 1100: BOARD OF NOPA WILL MANAGE THE FINAL AGREEMENT WITH THE COMPANY THAT ESTIMATE NORPALM DURING THE SHORT TIME. If this is adopted All qualified AGREED SALES KR. 1.65 FULL SETTLEMENT.

UPDATED 18 May 2017 KL. 1430: ALL INFO SENT BY. MAIL TO ALL SHAREHOLDERS NOPA TODAY 18. May 2017.

EARLIER UPDATE: THE COMPANY THAT ESTIMATE NORPALM HAS TODAY CONFIRMED IN WRITING THE PURCHASE OF MIN. 50.1% OF THE SHARES IN NORPALM TO PRICE OF KR. 1.65 PER SHARE. COPY OF CONFIRMATION OF ITS TERMS AND OWN INFO PRINT FROM ADMNINISTRASJONEN In NORPALM WILL POST ADDED accepting shareholders ASAP. The administration can probably ONCE reason to repeat that emitted sales authorized kr. 1.65 per share is irrevocable and legally binding . Sales to other as long stroke process based on submitted sales authorizations progress must strongly discouraged. If that happens, legal action claiming compensation be considered. Per Schønberg can be contacted at tel. [phone] for further information if necessary.

[shakeypremis] 14/6/2017 08:33

I think this could be ready to go back up again.

[113mike] 14/6/2017 08:28

Yes, very disappointing! same with alot of other aim stocks i have.

[nurdin] 14/6/2017 08:25

Puzzled by this continuous decline..