Share Name Share Symbol Market Type Share ISIN Share Description
Dekeloil Public Limited LSE:DKL London Ordinary Share CY0106502111 ORD EUR0.0003367 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 1.85 21,021 07:37:31
Bid Price Offer Price High Price Low Price Open Price
1.70 2.00 1.85 1.85 1.85
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 18.78 -2.91 -0.90 8
Last Trade Time Trade Type Trade Size Trade Price Currency
16:25:20 O 21,021 1.84 GBX

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Date Time Title Posts
23/10/201913:21DKL with Charts & News1,032
18/1/201611:27DEKELOIL - PALM OIL FROM THE IVORY COAST750
28/3/200609:54DKL can we have some more sellers please!!127
26/8/200315:34DKL...Lets start a new thread shall we89

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Dekeloil Public (DKL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-10-23 15:25:211.8421,021386.79O
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Dekeloil Public (DKL) Top Chat Posts

DateSubject
23/10/2019
09:20
Dekeloil Public Daily Update: Dekeloil Public Limited is listed in the Food Producers sector of the London Stock Exchange with ticker DKL. The last closing price for Dekeloil Public was 1.85p.
Dekeloil Public Limited has a 4 week average price of 1.75p and a 12 week average price of 1.75p.
The 1 year high share price is 4.40p while the 1 year low share price is currently 1.75p.
There are currently 423,064,443 shares in issue and the average daily traded volume is 63,393 shares. The market capitalisation of Dekeloil Public Limited is £7,826,692.20.
04/10/2019
10:18
rivaldo: I see the CPO price has now bounced to $540. Chadders, great posts elsewhere re the presentation from jk400 which I hope he won't mind me sharing: "Lincoln hosting, Youval Rasin and Shai Kol also online. Questions in 3 categories - Palm Oil, Cashew, general. Why the difference between sales and production in H1? Mainly due to stock on hand. Line lost to Youval and Shai. Extraction rate being off against previous years? Mainly due to farmers overharvesting due to lower CPO prices. Too early/too late farmers trying to compensate. CPO price moving forward? Happy that prices will improve. Holding up quite well during Asian high season. Majority view $600 - $650 expected in 2020. Long term "we're bullish", short term confident for next year. Line restored to Shai. FFB for the year compared to last year? Can't quite understand what Shai is saying, but think it's something about a record year for Dekeloil (!!) Fertiliser programme - 200 farmers on pilot. 95% payment on schedule. Rolling out on a much bigger scale. Development fund willing to support the programme. Trying to share the risk between DKL, banks and fertiliser producers. Minimum 1 year before fertiliser programme starts to yield results. Talking now about RSPO, next year to complete whole certification. Moving on to cashews. Convinced we can buy the right quantity. Been training for 2 years to ensure available supply. Government in Ivory Coast subsidising production of cashews in the country. Won't be a problem buying supply of cashew nuts. Do we need to replicate FFB style pickup centres for cashews? No because there is no rush to collect like FFB's need processing in 48-72 hours, cashews can be stored for months. Line lost again. Cashews will be sold in private selling arrangements for export. Companies in Europe looking to take entire production, shipped via containers. Different to Palm Oil, that's sold at the factory gate. Increase holding in cashew project? 17% option, quite a long process (2021). Will consider as we move through production process. Rainy season has slowed down construction re cashew, timeframe as early as possible in H2. 3 weeks of heavy rain, hoping to share pictures within a month or so from now. Upcoming name change Reflects slight change in strategy. Diversifying. Want to play to our strengths. Expansion strategy in to neighbouring countries (longer term). Dekeloil will remain name locally. Dekel Nuts possible for cashew business. Overseen by Agrivision. 3 week process to change name. Old certificates remain valid, etc. New website link, social media, etc. Valuation certainly overshot downwards. General meeting next Thursday. Looking forward to rebounding from an incredibly low share price over the next 12 months. End of call. Plenty to digest."
27/8/2019
17:47
chadders: Indeed. Q3 production and sales update will be interesting and hopefully will signal a start of the recovery from a ridiculously low share price. No advice intended.
04/7/2019
08:10
rivaldo: Terrific H1 production numbers out today - "our best ever half yearly production performance". Too early for specific guidance on numbers. Some interesting commentary on CPO pricing generally though: Https://uk.advfn.com/stock-market/london/dekeloil-public-DKL/share-news/Dekeloil-Public-Limited-Half-Year-Production-Updat/80268835 "Independent of the cycle, we believe CPO prices stand to benefit from positive structural drivers in the years ahead. While demand growth for vegetable oil is forecast to remain consistently strong, the addition of new supplies of palm oil, which is by far the highest yielding vegetable oil per hectare, is slowing. Supply growth in major producer Malaysia, for example, is almost at a standstill. At some point, we anticipate global CPO pricing will catch up with these market dynamics leading to an increase in pricing. If or when this happens, this will have a positive impact on the cash flows generated."
18/6/2019
12:26
rivaldo: Comment from VSA Capital not posted here before about the cashew nut financing (and the new substantial shareholder): https ://www.proactiveinvestors.co.uk/columns/vsa-capital-market-movers/30948/vsa-capital-market-movers---dekeloil-30948.html Conclusion: "VSA Comment Existing project investor Concordia has increased its stake in the Tiebissou cashew project to c32.9% at the same nominal valuation that DKL made its own investment last December. However, due to DKL issuing shares at a premium to acquire its stake, its effective deal valuation was lower (c€4.2m). This additional investment further endorses the value of the project and will permit the drawdown of the already-agreed development loans. We now estimate the project could deliver an additional c€2.2m in attributable profit to DKL by 2022 (assuming the option over the additional 17% is exercised). Following the increased trading volume in the company’s shares last week we also note last night’s TR-1 announcement detailing the acquisition of c.13m shares (c.3.7% of shares outstanding) by a New York-based high net worth investor. This supports our thesis that the company is fundamentally undervalued at its current share price. We maintain our BUY recommendation and target price of 12p."
30/5/2019
10:00
rivaldo: Encouraging RNS this morning re further Chinese investment in the cashew nuts project - somewhat convoluted, but VSA Capital have summarised it nicely as follows. First production isn't far away in H1 next year assuming all goes smoothly (which is not a given here!). VSA retain their 12p target price: Http://investing.thisismoney.co.uk/broker-views/ "West African agricultural company DekelOil Public (DKL LN)# has announced a €1m investment into its investee company Pearlside Holdings from Hong Kong-based existing investor Concordia Corporation to assist with the development of its cashew processing project at Tiebissou in Côte d’Ivoire. Concordia has increased its stake in Pearlside to 32.9% for a €1m investment at a €6m pre-money valuation. DKL’s stake in the project will reduce to 37.8% from 43.8% as a result of the financing (with a partial conversion of a short-term bridge loan made to Pearlside from DKL during the transaction offsetting a small part of the dilution). DKL has retained its option to secure a majority stake in the project with a call option over an additional 17% of shares in place. First production from the facility remains on track for H1 2020. The cashew season starts in Côte d’Ivoire in February and runs to June. The project will stockpile nuts during the start of this period until the facility becomes operational. Existing project investor Concordia has increased its stake in the Tiebissou cashew project to c32.9% at the same nominal valuation that DKL made its own investment last December. However, due to DKL issuing shares at a premium to acquire its stake, its effective deal valuation was lower (c€4.2m). This additional investment further endorses the value of the project and will permit the drawdown of the already-agreed development loans. We now estimate the project could deliver an additional c€2.2m in attributable profit to DKL by 2022 (assuming the option over the additional 17% is exercised). Following the increased trading volume in the company’s shares last week we also note last night’s TR-1 announcement detailing the acquisition of c.13m shares (c.3.7% of shares outstanding) by a New York-based high net worth investor. This supports our thesis that the company is fundamentally undervalued at its current share price."
10/1/2019
10:18
rivaldo: VSA Capital have retained their Buy and 12p target price. Agreed chadders. The Q4 crop was less than last year, but more than 2016, and since a good year normally follows a bad year in theory this should be a good one. The CPO price is now up to almost $529. The tone of today's RNS is confident, and cashew nut production isn't too far away, which hopefully the share price will begin to look forward to in a few months' time with all the bad news from last year fully priced in.
03/12/2018
21:09
jammyjim: When you think of all the products containing Pam Oil. Bread. pizza bases. shampoo. Chocolate’s. Makeup. icecream. Crisps. Biscuits and many more. Worrying about deforestation has done this product A massive injustice. Nobody thinks of all the fields that had to be cleared of trees to produce crops like corn,wheat and Barely. If it wasn’t for The do-gooders moaning this share price would be double if not triple what it is now. Maybe if this company agreed to plant some trees to compensate the worries we would see a far greater future for DKL.
23/7/2018
13:51
rivaldo: Hi Mattjos. IMO the main product is actually working reasonably well for them, but they've been undermined by typical resource company factors like (1) the commodity price, (2) local FFB availability and (3) production/new machinery issues. (3) has already been overcome, (2) looks like it will be, and (1)....well, who knows when. Certainly CPO prices aren't too healthy at present. The move into cashews is simply leveraging their local knowledge and reputation onto a product which is already well recognised in the country and where demand globally is going up and up. It looks a good move and healthy diversification to me. Remember that DKL is already expanding its CPO operations at Guitry. There are so few CPO independent producers left that DKL will probably be taken over at some point if it continues to fail to produce improved returns. In the meantime, the share price has fallen to a level where I can't see too much downside, but can over time see large upside after say a good couple of quarters of production and/or decent achieved sale prices. EDIT - looking like I'm wrong re the downside :o((
21/3/2018
12:05
chadders: basem1, I think there's also very negative sentiment towards Palm Oil producers at the moments because of the deforestation in Malaysia and the antics of a few producers over there. DKL is an ethical producer (in a different continent) helping local growers and planting new trees sourced from their nursery operations. This is a major positive as there is significant pressure on the major consumers of CPO to ethically validate their supply chains. Sourcing from DKL would negate criticism of their operations immediately and get the environmentalists of their backs. CPO around 670 dollars per tonne at the moment so this wouldn't explain the woeful share price performance either. I'm keeping the faith and accumulating on the dips. DYOR etc...
26/10/2017
11:06
rivaldo: Back from hols, and surprised as everyone was about the Q3 update and the subsequent follow-up. Management have been extremely naïve in not flagging the lower Q3 production in the interim results, and naïve/negligent in not having satisfactory revenue recognition controls in place. Nevertheless, I do believe the share price has over-reacted, as often happens in these circumstances. Management HAVE proven that they can build from scratch and in good time a highly profitable and successful operation which can be replicated elsewhere. They now have to show that they can similarly manage successfully expectations of a PLC and its shareholders. Beaufort Securities' latest update post the Q3 production update concludes as follows - hopefully management have guided them prudently. If so, then the current share price is extremely cheap: "Beaufort considers DekelOil is capable of producing as much as £2.0m free cashflow during 2017E, followed by around £5m the year after. Importantly this demonstrates management’s willingness to move its ambitious planning forward without directly exposing shareholders to a higher risk profile. Based on modestly revised 2017E and 2018E revenues estimates of €31.1m and €35.8m, delivering fully-diluted earnings 1.60p and 2.20p respectively, the shares now trade on forward multiples of just 6.5x and 4.7x respectively while offering yields of 1.7% and 1.9%. Beaufort retains its Buy recommendation on DekelOil, while repeating its price target of 23p/share."
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