Dekeloil Public Dividends - DKL

Dekeloil Public Dividends - DKL

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Dekeloil Public Limited DKL London Ordinary Share CY0106502111 ORD EUR0.0003367 (DI)
  Price Change Price Change % Stock Price High Price Low Price Open Price Close Price Last Trade
  0.00 0.0% 1.95 1.95 1.95 1.95 1.95 07:43:21
more quote information »
Industry Sector
FOOD PRODUCERS

Dekeloil Public DKL Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
28/06/2017InterimGBX0.1731/12/201531/12/201613/07/201714/07/201704/09/20170.17

Top Dividend Posts

DateSubject
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...
29/6/2017
08:26
rivaldo: Beaufort today reiterate their Buy and 23p target: Https://www.beaufortsecurities.com/breakfast-today/2017/06/29/tax-software-blamed-for-cyber-attack-spread/ "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."
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