We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Dekel Agri-vision Plc | DKL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.025 | -2.04% | 1.20 | 08:42:43 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.225 | 1.20 | 1.225 | 1.20 | 1.225 |
| Industry Sector |
|---|
| FOOD PRODUCERS |
| Top Posts |
|---|
Posted at 12/4/2024 12:36 by smithie6 "Aris founded a rubber processing startup and owns a rubber plantation. "Will that be the next thing to be sold to DKL ?! Je je 20 million € ? Since the director(s) are the sellers & also the buyers it would surely be a bad deal for shareholders. (The cashew nut idea was a scam imo. Valued at millions of € but it didn't exist ! No warehouse, no machines, no nothing I think !!, & the statement said the valiation was based on predicted future cash flow ! You couldn't make it up ! (I have an idea/plan for making electric cars & based on the predicted future cash flow I value the idea at £500 million. If anyone is interested to buy my idea please send me a direct message. ;-) ) |
Posted at 11/4/2024 18:19 by outlawinvestor Ptolemy - which exec? Would be nice to know the details. If it was acquired before founding DKL I can't see why it is a problem after all DKL foremost a large scale processor rather than a grower. If after DKL and the company had first refusal, again I don't see a conflict. And no issues purchasing FFB from the exec's plantation as long as it is at the same commercial rate paid to others since at the end of the day you either buy feedstock from wherever you can find it or keep your mill idle.Aris, non-exec board member, owns a rubber plantation in CI but obviously that's not who you are referring to. |
Posted at 11/4/2024 11:33 by smithie6 ..some might argue it exists so 2 Israeli directors can enjoy the use of a luxury carAnd lifestyle... Wherever they are based... Be it in Israel or perhaps Cyprus. Since it seems for sure that they are not anywhere near any of the DKL operating sites ! ...they gave the keys to Lincoln Moore & left him and the local managers to manage it all ! ..oh, and the consultant for the (second set of ) new machines...since they realised that in-house they didn't have a clue ! |
Posted at 08/4/2024 12:43 by royalalbert Riv it's all about our margin, hopefully increasing but remember in the last update it was stated that it's healthy. If costs can be kept low through input prices etc, DKL should start turning a corner.Will be interesting to see how cashews are progressing any meaningful news and we are of to the races. |
Posted at 19/3/2024 10:47 by smithie6 Armstrong & Milton & any other independent holder of >3% imo need to call an EGM to vote1) to sack Mr Raisin the CEO (but that he serves out his notice of 2 years located in the Ivory Coast (. ;-). ) as an operations/site manager/assistant & not as CEO or accepts a pay off of 1 year) since he seems to be located in Israel when the company operations are all in the Ivory coast !! & he seems to devote very little time to DKL work. The active exec. for the co. appears to be Lincoln Moore. And for the dubious process of creating ventures to then sell them to DKL, to enrich himself rather than to enrich/benefit DKL shareholders (as required by the Company Act 2006). 2) require that all execs must work at least 5 days/week (>37.5 hours/week, 5 weeks annual holiday ) for DKL & to be located in Ivory Coast for >=90% of the year. 3) remove/replace the non-exec chairman for being a completely ineffective yes man, a pawn of the exec dirs & he has co-operated with the dubious actions of the Israeli exec dirs. And due to having been the chairman for many years & the rules for good company governance imo require the chairman to be replaced every X years. 4) put a representative of the independent shareholders on the board as a non-exec to try to safeguard the interests of the normal shareholders. This could be from First Equity Limited (which holds ~10% of the co.) or someone nominated by them. 5) if Lincoln Moore has in reality been doing the functions of CEO for the X years then perhaps appoint him as CEO on a trial basis, to be confirmed as CEO if ok performance. He has been interacting with the stock market via RNSs, financial PR companies & shareholders & has been interacting/directin |
Posted at 15/3/2024 22:13 by smithie6 Did PKF Littlejohn LLP (intentionally ) break the law ?By preparing a valuation of the project idea (!!) based on the forecast cashflows, a project which did not yet exist & had no sales !! FFS ! I could try to sell the idea/project of a car factory making electric cars, 5million cars /year, and 3000€ profit per car. 15,000 million€ profit per year. Should my project be valued at 5 X the profit, = 75,000 million€ ? (Of course not, the real value forsuch an idea/project is not 75000 million euros, nor 75million euros, the real value is of course zero, unless of course you are the seller of the idea & also the buyer of the idea, (as in the DKL case) then you can put any value you want on the idea ! If anyone wants to buy my car production project/idea for 75,000 million euros, please send me a direct message !! (Or send it to DKL, they like to pay millions just for ideas !) "an independent valuation report prepared by PKF Littlejohn LLP on Pearlside, and in particular the forecast cashflows of the Capro project." |
Posted at 14/3/2024 23:45 by smithie6 BtwAt one time DKL had bought 70% of the cashew nut operation (I perhaps shouldn't go in to the murky waters of that deal !, ok,just a little bit, the 2 Israeli exec. dirs were shareholders in the cashew venture that was bought,.... interesting that it cost X million (6-9m€ ?, ; for 70% ?, but it appears it had no processing machines because DKL had to then order those, so, what was bought for the investment ?!, essentially nothing perhaps since there was not even a building at the site !! Does DKL still own 70% or is it now 100% ? And if it is 70%, is the remaining 30% still owned by the 2 Israeli dirs of DKL ? (One easy way to check would be to look at the DKL accounts, there would need to be a disclosure as "minority interests" for the profit/loss for that 30%). ---- Did DKL pay ____€ millions for that but it didn't have any machines to process cashew nuts !!?? & DKL then had to order some from Italy...which cost a lot, took forever to arrive & then..... didn't work at all well ?! Obvious question then is what did DKL pay for originally, just an idea ?!!! |
Posted at 14/3/2024 19:47 by rimau1 Smithie6. I think you are probably bored as opposed to being a bb troll but its becoming marginal to be honest. I'm sure you know that DKL provide quarterly updates on the cashews so your surprise at silence in the feb update is, well, surprising. |
Posted at 18/2/2024 13:12 by smithie6 ...some schrewd investors say that investing is more about backing the dirs & their skills rather than the business.....at DKL that would have been good advice to have followed at 4p, 5p, 6p. After I had invested basic on the low p/e I dug more & built up a mistrust in the dirs & luckily sold out. So many RNSs or company events & the CEO is not present ! And the main operation of the company is not by either of the 2 main execs but by a junoir exec. that they have brought in to do the day to day work. It's just untouchable imo, for me anyway since I don't trust the 2 founding exec dirs. (If you look at the process for the purchase of the cashew nut, or was it palm oil, business ..from themselves !! (Or where they were at least notable shareholders) It really stinks ! (One of the conditions was that if the business did well that the purchase price would then be re-stated & be higher !....giving more money to the 2 founding execs ! And the purchase contract was changed !. Noting that the 2 exec dirs were part of the sellers & of the buyers !! ----- And the business is imo about - efficiently/intellig - operating in a good timescale - minimizing the investment costs for operations - of course weather conditions - market prices for the end products. The company seems to have shown that it is not good at the tasks it needs to do (well, completely incompetent would be a good description for the cashew nut farce), while the things outside of their hands like the weather & the market prices, of course remain outside of their control. And the company has done a bad job of controlling/limiting the size of it's debt. Good luck to holders. It's not for me. I hope the dirs don't buy the co. for peanuts or ever break any debt covenants (really hitting the share price). (If the 2 founding directors were ever replaced or all the exec. dirs moved to work full time for DKL & at the location in Africa then I might take another look). But the debt is a worry, if the weather was bad for 2 years in a row or lots of stock was written off due to rot or a fungus or whatever, could the company survive financially or would banks not provide more money ? (And/or the founders just buy it out of administration for peanuts if that were ever to happen. I doubt there would be a rush of any other buyers). |
Posted at 12/12/2023 09:38 by rivaldo WH Ireland's update note out today is unsurprisingly rather positive given the November update.They note that DKL are "well on track to exceed our production estimates for the full year". The CPO division alone is forecast to achieve around €6.0m of EBITDA this year, before cashew division initial costs, against the £11.5m m/cap. They summarise: "November production update: Another record month sets up strong end to FY2023 Yesterday’s production update from DKL illustrates another exceptional month for the group this year, with November’s crude palm oil (“CPO”) production up over 150% YoY – a record performance – putting the group well on track to exceed our production estimates for the full year. Strong CPO production in the month was a result of both above-average availability of fresh fruit bunches (“FFBs”) from local producers and excellent extraction rates achieved at DKL’s mill (21.7%), resulting in production of 3,875 tonnes for the month, a 152.4% increase on FY2022. While we note that CPO pricing has decreased from the near-record levels seen last year, down from €1,042 to €778 / tonne, prices remain supportive of healthy gross margins at these levels and only marginally below our long-term target of €850/tonne. Looking ahead, we anticipate positive developments for the group as it continues to ramp up production at its cashew project going into FY2024E and await further updates in Q1 2024. With a strong performance from the palm oil project expected this year (anticipated ca. €6.0m of EBITDA at a divisional level in FY2023) and the cashew project expected to swing to a positive cash contribution next year, we view DKL as well placed ahead of its full year update in January and retain our current fair value target of 9.5p." "Forecasts / Valuation Yesterday’s update underpins expectations for a strong performance from the palm oil project this year and we leave our FY2023 forecasts unchanged this morning. With the palm oil business continuing to perform strongly and significant upside in the cashew project as production increases, we retain our fair value at 9.5p." |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
