Dekel Agri-vision Share Discussion Threads

[113mike] 04/9/2017 16:42

Just rec'd The DKL divs in my HL accounts...nice little £824! Can't see why DKL share price is down at this level...will we now see some upward strength in the run up to the next news /update due 21 Sept?

[chadders] 01/9/2017 16:46

rivaldo, don't have it myself but you may want to revisit your post 577

[nurdin] 01/9/2017 15:40

Buyers dripping in?

[nurdin] 01/9/2017 11:51

Stockopedia is showing Euro 2c for 2017 and then 2.6c

PS I would add that data in Stockopedia are not very reliable

[113mike] 31/8/2017 10:35

Yep...i bought more this morning!

[chadders] 31/8/2017 10:34

Wow, the insight!

[12bn] 31/8/2017 08:38

Looks like single figures soon for this dog.

[113mike] 25/8/2017 16:45

Have got a total 360k shares which I've had for over a couple of years now...here's hoping! GLA!

[bad gateway] 25/8/2017 16:27

imo of course but for me looking at the pattern they appear to have formed an ascending broadening wedge. OK if this is the third hit at support but look to trade out c.16p if it is.

free stock charts from uk.advfn.com



ABW pattern
hxxp://thepatternsite.com/abw.html

[masurenguy] 25/8/2017 16:19

Developments here are very positive but market sentiment is poor. Virtually no media coverage on this company despite the fact that there is both an interesting and unusual story to tell. St Brides should get their finger out and generate some positive coverage otherwise the company should get a new PR Agent.

I only have a modest position here at just under 13p so I am circa 10% underwater at the moment. I could be tempted to add but the lack of any positive PR to broaden the shareholder base just discourages me from doing so at this stage.

[nurdin] 25/8/2017 15:58

Dont know what will stop the slide here and trigger a rerate.Ridiculously cheap now....would buy more if I didnt already have loads !

I am well under now, I might add....

[113mike] 25/8/2017 15:25

Have to wait until about 22nd Sept for that i thinkBelow from Aug 3rd 2017 AGM statement. "2017 has also seen DekelOil become a multi-project palm oil company following the formal commencement of operations at Guitry, our second project in Cote d'Ivoire. As with Ayenouan, we are looking to develop Guitry into a vertically integrated palm oil operation including nursery, company-owned estates and a mill producing CPO from fresh fruit bunches grown by both the Company and local smallholders. In addition, we also announced that we have entered into discussions to acquire Norpalm Ghana Limited ('NGL'), a subsidiary of Norpalm AS, a Norwegian company which owns a palm oil production company in Western Ghana. NGL is a vertically integrated palm oil owner and operator with approximately 4,000 hectares of mature palm plantations under ownership and a 30 tn/hr mill which processes fresh fruit bunches from its own-operated estates as well as those produced by local smallholders. In addition to the revenues it generates from selling approximately 15,000 tonnes of CPO into the domestic Ghanaian market, NGL also operates a palm kernel oil press which produces approximately 2,000 tn of PKO."There can be no guarantee that these discussions will result in DekelOil acquiring NGL, but they nevertheless demonstrate how far we have come in such a short space of time. Having proven both our business model and management's ability to implement it at our first project, we are looking to replicate the success we have had at Ayenouan elsewhere in West Africa. I look forward to providing further updates on our progress as we look to transform DekelOil into a leading palm oil producer not just in Cote d'Ivoire, but in the wider region."Let's hope we get the right news that will kick start the re rate!

[rivaldo] 25/8/2017 15:09

It's ironic that the price has fallen when CPO prices are actually bouncing back now and are above $700. And sterling is at its lowest against the euro for 8 years, which will help further.

As summarised nicely elsewhere by jk400, "Optiva's forecast for 2017 (albeit made in July 2016) if we owned 100% of the plant, which we now do, was €7.9 million post tax profit:



Those forecasts were based on 1.27 GBP to Euro conversion, currently 1.08

We've also had a very good Q1 since then.

The interims to be released shortly, which are the first whereby we own 100% of the plant, should make very interesting reading."

[greenroom78] 20/8/2017 15:40

There were a few larger trades which appear to be sells, signs of the recent seller clearing (hopefully!)?

[rivaldo] 18/8/2017 15:29

Nice sudden move up...

[rivaldo] 07/8/2017 11:01

A new interview with the CEO not posted here before:



He notes:
- Ayenouan could be worth in time £100m
- Guitry's 50% could be worth fully executed another £100m
- DKL are trading at half or less of the multiples of other palm oil companies

[rivaldo] 04/8/2017 08:48

The next issue of SCSW magazine is out tomorrow - hopefully there'll be a follow-up mention of DKL given three separate pieces of positive news flow in the last month.

Beaufort have summarised as follows this morning and retain their 23p target price:

"Our View: Current year momentum is being maintained. Thanks to the growing profitability at vertically integrated Ayenouan, the Board has already announced the adoption of a progressive dividend policy and a maiden final payout of 0.17 pence per ordinary share for the year ending 31 December 201. As was also detailed in the Group’s recent half yearly production update, management expects to report a 22.1% increase in product sales, including CPO, Palm Kernel Oil ('PKO') and Palm Kernel Cake ('PKC'), to €18.8 million (H1 2016: €15.4 million) for the first half.
This was primarily due to stronger CPO pricing resulting from higher global prices and increased CPO storage capacity at the Project, which enables an improvement in local pricing terms.

As a result, H1 2017 EBITDA is expected to be materially higher than H1 2016's EBITDA of €3.1m.

2017 has also seen DekelOil become a multi-project palm oil company following the formal commencement of operations at Guitry, its second project in Cote d'Ivoire. As with Ayenouan, DekelOil is looking to develop Guitry into a vertically integrated palm oil operation including nursery, company-owned estates and a mill producing CPO from fresh fruit bunches grown by both the Company and local smallholders.

In addition, the Group also announced that it had entered into discussions to acquire Norpalm Ghana Limited ('NGL'), a subsidiary of Norpalm AS, a Norwegian company which owns a palm oil production company in Western Ghana. NGL is a vertically integrated palm oil owner and operator with approximately 4,000 hectares of mature palm plantations under ownership and a 30 tn/hr mill which processes fresh fruit bunches from its own-operated estates as well as those produced by local smallholders. In addition to the revenues it generates from selling approximately 15,000 tonnes of CPO into the domestic Ghanaian market, NGL also operates a palm kernel oil press which produces approximately 2,000 tn of PKO. There can be no guarantee that these discussions will result in DekelOil acquiring NGL, but they nevertheless demonstrate management’s confidence in its ability to replicate the success already registered.

Having proven both its business model and ability to implement it, shareholders should anticipate further progress as DekelOil seeks to transform itself into a leading west African palm oil producer. Indeed, in projecting DekelOil producing as much as £2.7m free cashflow during 2017E, followed by around £6m the year after, Beaufort also expects shareholders to be provided with dividend yields of 1.7% and 2.0% for the two periods. Beaufort considers yesterday’s statement perfectly demonstrates management willingness to move its ambitious planning forward without exposing shareholders to a raised risk profile.

With the shares trading on forward earnings multiples of 7.3x and 5.7x respectively, Beaufort retains its Buy recommendation on DekelOil, repeating its price target of 23p/share."

[113mike] 03/8/2017 22:32

Good points Mach100. All looking good though for the med/long term imho..worth hang g on to I reckon

[mach100] 03/8/2017 22:15

Poleaxe, although they are committed to a progressive dividend and haven't ruled out a special dividend, they do not intend to pay an interim dividend.

The share buybacks resolution from the AGM if acted upon might help to tackle the persistent seller who has been weighing on the share price

[poleaxe] 03/8/2017 12:49

Yeah - and chuck in a divi. of about .5p and we should be away.

[113mike] 03/8/2017 11:07

Yes, interims were 21 Sept last year..all looking good imho.

[rivaldo] 03/8/2017 09:27

Fortunately it's not long until next month's interims - which will likely show €3.43m-€3.5m EBITDA in H1 alone.

That should provide a decent catalyst in itself, let alone Norpalm acquisition or Guitry development news.

[masurenguy] 03/8/2017 08:15

Agree with rivaldo on the very positive AGM statement.

"We expect to report a 22.1% increase in product sales, including CPO, Palm Kernel Oil ('PKO') and Palm Kernel Cake ('PKC'), to EUR18.8 million (H1 2016: EUR15.4 million) for the half year to 30 June 2017. This was primarily due to stronger CPO pricing resulting from higher global prices and increased CPO storage capacity at the Project, which enabled the Company to improve local pricing terms. As a result of the record first half sales performance, H1 2017 EBITDA is expected to be materially higher than H1 2016's EBITDA of EUR3.1m."

However, this has still not attracted much market attention since the shareprice remains subdued. There needs to be a catalyst to suddenly provide some real momentum to reflect the value metrics here.

[chadders] 03/8/2017 07:35

Yes and I suspect he's giving the market and the insti's a kick up the backside for not supporting the board better than they have


A fantastic success story so far and more to come.