Buy
Sell
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 3.20p 3.00p 3.40p 3.20p 3.20p 3.20p 0 07:36:57
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 26.9 1.5 0.0 - 11.00

Dekeloil Public Share Discussion Threads

Showing 1951 to 1973 of 1975 messages
Chat Pages: 79  78  77  76  75  74  73  72  71  70  69  68  Older
DateSubjectAuthorDiscuss
18/6/2019
12:26
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."
rivaldo
05/6/2019
13:49
This is looking very promising.
jamesrs1
05/6/2019
10:28
Could not get any online yesterday
balcony
05/6/2019
10:03
DKL a little bit frisky this a.m. f
fillipe
30/5/2019
12:52
Incidentally, last night's holding RNS shows Aristide Achybrou buying in with 3.67%, or 12.975m shares. He appears to be an Ivorian working at BP and ex JP Morgan Vice President of Global Commodities. Good to see a local hopefully using his local knowledge to invest wisely! Https://www.investegate.co.uk/dekeloil-plc--dkl-/rns/holding-s--in-company/201905291752425310A/ Https://www.linkedin.com/in/aristide-achy-brou-2a29/
rivaldo
30/5/2019
10:00
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."
rivaldo
21/5/2019
18:35
Could be the recent seller has been replaced by a consistent buyer. We could do with some good news though
chadders
10/5/2019
00:08
To clarify its lack of updates on Tiebissou that may have unerved some potential investors even at this all time low. Looking forward to the detailed update they plan to provide.
cyfran101
09/5/2019
15:06
Blimey, all time low, surely they must still be profitable. Certainly entry point consideration this far down.
empirestate
09/5/2019
12:45
Lack of updates causing this drop.
cyfran101
17/4/2019
20:17
Still happy to hold.
chadders
17/4/2019
14:11
New interview with the CEO - summarised nicely elsewhere by jk400 as: "Confident last year was an anomaly and confident for Q2 moving forward. Selling 10% premium to world price - may be more of a struggle to maintain that moving forward could be more challenging due to local competition extending mill capacity. Better international pricing expected though so should compensate. A lot of upside in Q2 expected. Quote - ‘optimistic we’re going to be a lot stronger than Q2 last year’. Talking about possible ‘record levels’ for H1. Cashew project detailed announcement imminent. All sounds positive to me" Https://www.brrmedia.co.uk/broadcasts/5cac8e61eb566331974d57ad/event/?livelink=true "DekelOil, the West African focused agricultural company, provides a quarterly production update for its 100%-owned vertically integrated Ayenouan palm oil project in Côte d'Ivoire. It is pleasing to see the strong rebound in CPO volumes produced at the mill during Q1 2019, confirming last year's poor harvest was the anomaly many in the local palm oil industry had predicted."
rivaldo
09/4/2019
12:16
VSA Capital have produced a new report today - they say Buy with a 12p target price: "VSA Comment Following last year’s disappointing harvest levels, we were hopeful of increased FFB volumes in H1. DKL has now confirmed this is indeed the case for Q1 at least, which was the second highest ever Q1 in terms of FFB collected (c.4% below FY 2017). DKL reports that its market share remained stable during the period, supporting the forecasted climate-based recovery in production levels across the region, as opposed to any market share gain. Encouragingly, commentary from management suggests this trend will continue into Q2. Having produced 8,637t of CPO in Q2 2018, we are hopeful of a significantly improved result this year and look forward to confirmation of this when the company releases its FY 2018 results in June. DKL recorded a lower extraction rate than normal in the quarter due to lower levels of oil content in the FFB delivered to its mill, a trend which management believes was also seen by local competitors. Based on our quarterly tracking data, we believe DKL carried over c.3,600t of CPO into Q2 (c.€2m of revenues at the average Q1 selling price). Indeed, DKL confirms in this morning’s update that sales of 2,240t, for which cash was received during the quarter before customer collection had occurred, were recognised shortly after the period end. Including these sales in the Q1 figures would have delivered a c.1% increase in CPO sales compared with a similarly adjusted Q1 2018 figure, as opposed to the c.13% decrease reported. It is also positive to note that DKL reports that the price paid to smallholders for FFB is normalising. This was a significant issue last year, as competition from mills was high, as a result of the lower harvest. With more normal trading conditions, this suggests the company’s gross margin is back at the mid-to-high 20s, which the company recorded in each of FY 2015, FY 2016 and FY 2017. With FFB collection and CPO production accounting for c.40% of FY production historically, DKL appears to be trading c.3% off our FY 2019 FFB harvest forecast (177,441t) and c.9% off our FY 2019 CPO production forecast (40,102t) at this point. However, we are hopeful that a more normalised extraction rate and a stronger Q2 can move this run -rate back towards our forecasts. Impressively, for the ninth quarter in a row DKL has achieved an average selling price in-line with, or at a premium to the European benchmark CPO price. We remain bullish on CPO pricing for 2019 given that efforts to increase biodiesel consumption in South East Asia are now finally starting to have an impact on domestic consumption levels (and can now be seen in the data). In Indonesia, implementation of B30 (30% palm-based biodiesel blended with traditional diesel) has now been brought forward to start towards the end of this year. Successful implementation of B30 could add an extra 3-4 million tonnes to the country’s domestic consumption levels, offsetting a large proportion of the total palm oil consumed in the EU for biofuel. Even if the EU does phase out palm oil as a feedstock for biodiesel by 2030, alternative sources of edible oil will need to be found to replace this, leaving a gap elsewhere, which the lowest cost edible oil, palm oil, would logically replace. In addition, we believe that due to the massively underreported african swine fever outbreak in China, demand for soymeal will reduce and thus reduce the amount of soybean oil ‘by-product217; that is produced from the crushing of soybeans for animal feed. This should also be bullish for the edible oil pricing complex in the near-to-medium term and perhaps encourage additional Chinese purchases of palm oil as a result. We maintain our BUY recommendation and target price of 12p."
rivaldo
09/4/2019
08:40
A reasonably solid update today, which is good. No surprises, decent production and a price premium, with slightly lower extraction rates/yields. Feb and March were excellent, so perhaps Q2 will be very good indeed - supported by the commentary: "We remain optimistic that Q2 2019 will also be stronger than Q2 2018." First cashew production scheduled for early next year. Happy to hold here. I suspect/hope that this is the bottom, and the upside should be significant if all goes well over the next 12-24 months, particularly if as planned current resources and CPO production are sufficient for the cashew facility.
rivaldo
19/2/2019
18:50
Cpo price now above $560.
chadders
20/1/2019
09:21
LM still spouting the same BS I see
ntv
16/1/2019
13:53
New interview with LM following the recent director buying FYI: Https://www.share-talk.com/dekeloil-plc-londkl-executive-director-lincoln-moore-interview/?utm_source=twitter&utm_medium=social&utm_campaign=SocialWarfare Highlights as posted elsewhere: "Back to normal FFB levels in second half, hoping will continue. Improvement in gross margins in back end of the second half, improved premiums, delivered by local characteristics. Excess demand for palm oil locally, pushing up local prices. A big positive, local market in growth mode. High season starts "back end of January". Reasonably optimistic that better year in 2019 than last years "anomaly". All major contracts now in place re cashews. Construction on ground about to commence, ready for production 2020 production season. Rarely not in a closed period, "price is not reflective of where the business is heading and in fact where it has been for the last 3 or 4 years and perhaps has been overshot on the downside from a weaker year last year so, we take (the board members) take a 2 or 3 year view and think with the palm oil business stabilising and continuing to grow all the time to get the cashew business coming in it seems a really nice opportunity to pick up some stock at these relatively low levels."
rivaldo
13/1/2019
09:34
Here comes the placing
ntv
11/1/2019
13:13
Well this makes a nice change.
jamesrs1
11/1/2019
08:56
Further vote of confidence from Lincoln. Always nice to see execs putting their own money in. rivaldo, why do you think DKL achieve such a high premium for cpo?
chadders
10/1/2019
10:18
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.
rivaldo
10/1/2019
07:36
Happy with that. H2 back to more normal levels. Excellent news re the premium selling prices and kernels. H1 2019 should be a big improvement. Will continue to hold.
chadders
03/1/2019
15:39
Hopefully between Palm oil and cashew nuts this time next year we could see reasonable gains.
jamesrs1
Chat Pages: 79  78  77  76  75  74  73  72  71  70  69  68  Older
Your Recent History
LSE
DKL
Dekeloil P..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20190626 11:46:07