Dekel Agri-vision Share Discussion Threads

[petewy] 27/9/2017 10:23

How much stock Teide or is that a stupid question.
Miton has a 16% stake which attracts me.

[greenroom78] 27/9/2017 10:10

Yes, been a persistant seller for some time.

[mount teide] 27/9/2017 09:56

Its just Peel on the offer at 12.25p, every other MM is at 13p - suggests Peel has a line of stock they want to dispose of at a near 4% discount to what any other MM is currently willing to sell stock at.

[greenroom78] 27/9/2017 09:23

Thanks Rivaldo.

Market doing its best to make it a full 100% upside (almost there).

[rivaldo] 27/9/2017 08:37

Cantor Fitzgerald reiterate their Buy following the results, with a 24p target price:



That's almost 100% upside.

The 24p target price moves from 25p, I suspect only due to the slightly increased shares in issue given today's warrant exercise and the Biopalm share conversion at 13.25p.

[greenroom78] 27/9/2017 08:08

Reads well, very undervalued. Will the market take note as it hasn't listened previously.

[chadders] 27/9/2017 08:06

Nice to see an early move upwards. Will we finally push on towards the broker valuations I wonder?

[cheshire man] 27/9/2017 07:57

Very positive results for us this morning :-)

[nurdin] 27/9/2017 07:53

Agreed.Excellent results which hopefully will trigger a rerating..

[martinc] 27/9/2017 07:29

Spotted it.. The non controlling interests line

[martinc] 27/9/2017 07:26

What am I missing? Reported net income is up about 30%. Reported number of shares in issue nearly doubled. I don't have a calculator very handy, but that combination gives a reduction in eps, not the rise they report. I must be misreading something...

[bad gateway] 27/9/2017 07:22

Agreed, nice no's and growth across the board. Will have to chase the divi those wonderful chaps at smartinvestor seem to have kept mine for themselves.

[rivaldo] 27/9/2017 07:16

Terrific results, bullish outlook - the current valuation is just far too low. IMO anyway.

This will surely spark the re-rating at last:



"Record H1 financial performance

· Record H1 financial performance due to stronger pricing and the increase in CPO storage capacity from 5,000 to 8,000 tonnes which enabled the Company to sell CPO at a premium to international prices

· 22.6% increase in revenues to €19.6 million (H1 2016: €16.0 m) - includes sale of Crude Palm Oil ('CPO'), Palm Kernel Oil ('PKO'), Palm Kernel Cake ('PKC') and Nursery Plants

· 19.4% increase in EBITDA to €3.7 million (H1 2016: €3.1 m)

· 33.3% increase in net profit after tax to €2.4million (H1 2016: €1.8m)

· 26,947 tonnes of CPO produced in H1 2017 (H1 2016: 28,550 tonnes) - record Q1 like-for-like production was followed by lower Q2 CPO volumes due to now rectified mechanical issues....

Maiden final dividend

· Progressive dividend policy adopted and final dividend of 0.17p per ordinary share declared and paid on 4 September 2017....

DekelOil Executive Director Lincoln Moore said, "The record first half financial performance, specifically in terms of revenues, EBITDA and net profit, demonstrates how cash generative our 100%-owned palm oil project at Ayenouan is becoming. Not only does it generate funds for additional investment into the project to increase profitability further, such as the new 3,000 tonne storage tank, but also sufficient cash to pay down debt and to fund a progressive dividend policy.

"Ayenouan proves our strategy to work closely with local smallholders works for all parties and we are keen to roll-out our vertically integrated model, which includes a state of the art nursery, mill, and company-owned estates, elsewhere in the region. We are already making progress: as announced post period end, operations at Guitry, our second 100%-owned project in Côte d'Ivoire have formally commenced; and we remain in discussions to acquire an interest in Norpalm Ghana Limited, a vertically integrated palm oil producer in Western Ghana which produces approximately 15,000 tonnes of CPO a year from a 30t/hr mill. Becoming a multi-project palm oil producer is key to delivering on our goal to transform DekelOil into a leading palm oil company in West Africa and I look forward to providing further updates on our progress in due course."

[joeall] 25/9/2017 14:14

I got mine Friday.

[rivaldo] 25/9/2017 13:50

Not-so-Smart Investor have finally credited me with my DKL dividend. At last :o))

[rivaldo] 25/9/2017 08:29

Agreed chadders. Perhaps today's early tick up on just a 20k buy will be the start of the re-rating - which could lead to a relatively quick 100%-200% rise from here if all goes well.

MT, thanks from me too. Most encouraging re the sector as a whole.

[chadders] 24/9/2017 14:08

MT thanks for the report. I am at a complete loss as to why the transformation of DKL over the last 18 months has not added a penny to it's valuation and repeated broker notes forecasts and share price targets are ignored.Oh and we are now paying out dividends.

[nurdin] 24/9/2017 12:24

Good stuff..thanks Mount.

[mount teide] 24/9/2017 12:09

With the considerable progress made creating shareholder value over the last few years, should the share price continue to fail to reflect that value, the company is probably at risk of becoming a target for one of the major operators in this sector, which is forecast to grow rapidly over the next 5 years according to a new report published by Zion Market Research (cost $3,550) on the Palm Oil Market titled:

“Palm Oil Market Analysis by Derivative (Crude Palm Oil, Palm Kernel Oil, Palm Kernel Cake)- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2015 – 2021.”.


Summary of Zion's forecast for the Palm Oil Market and some analysis of key drivers behind the forecast growth courtesy of Nasdaq Global Newswire:

'According to the report, global palm oil market was valued at USD 65.73bn in 2015, is expected to reach USD 92.84bn in 2021 and, is anticipated to grow at a CAGR of 7.2% between 2016 and 2021.

Palm oil is an economically important and versatile vegetable oil used as a raw material for both food and nonfood products and is the most widely used vegetable oil in the world. It is found in supermarkets ranging from sweets, baked goods, margarine, cereals, washing powders, and cosmetics. Palm oil is also used as a first-generation biofuel. It is also used in preventing vitamin A deficiency, cancer, brain disease, aging; and treating malaria, high blood pressure, high cholesterol, and cyanide poisoning. Most palm oil is produced in Asia, Africa, and South America because the trees require warm temperatures, sunlight and plenty of rain in order to maximize crop production.

Factors such as improving economic conditions, rising living standards, and changing eating habits in emerging countries, and growing demand for vegetable oil as a feedstock for biodiesel production are driving the palm oil market growth. Furthermore, stringent regulations on trans-fat foods in U.S. and Europe are resulting in the rapid shift in consumption of soybeans oil to palm oil.

Additionally, the low price of palm oil compared to other vegetable oils is expected to boost the market growth within the forecast period. Moreover, increasing market penetration by major producing countries such as Indonesia, Malaysia, and Thailand may open up the new opportunity in the palm oil market in the forecast period.

Palm oil derivative segment includes crude palm oil, palm kernel oil, palm kernel cake, and others. The crude oil segment was a leading segment among the other palm oil derivative in the global palm oil market in 2015 owing to growing applications such as edible oil, surfactants, cosmetics, biofuel, and lubricants. On the basis of application, palm oil market is divided into edible oil, cosmetics, biodiesel, lubricants, surfactants and other applications. Edible oil segment is expected to witness strong growth in upcoming years as a result health concerns regarding trans-fat consumption.'

[nurdin] 24/9/2017 11:21

I am looking forward to the results as well. What I am specially looking for is a sign that debt is coming down rapidly now.

[shakeypremis] 22/9/2017 12:21

Just a chart:

[113mike] 22/9/2017 11:06

All quiet on the western front!Was hoping to get interims etc., this week.Now looks to be next week. Can't be far away.

[rivaldo] 19/9/2017 11:54

The CPO price has rocketed up to $742.50 as at last Thursday's close......should be good for the Q3 update to 30th September.

[rivaldo] 18/9/2017 09:53

Indeed - it all bodes extremely well for DKL. Another paragraph comments that forward CPO pricing looks good:

"Since the end of June, CPO largely traded between US$650 and US$700 per tonne, before rising towards US$750 in the middle of September. The price in forward markets suggests this higher level may be maintained for the remainder of the year."

In addition, MPE commented very positively about CPO fundamentals as follows:

"The board remains confident that the fundamentals of the palm-oil market continue to be encouraging. Vegetable oil is a basic foodstuff and increasing demand from a growing world population looks likely to persist. Palm oil delivers by far the highest yield per hectare of all the vegetable oils and has the lowest cost of production. It is therefore well placed, long term, to benefit from the likely future increase in demand."

[masurenguy] 18/9/2017 07:50

Interesting perspective on Palm Oil prices from the M P Evans interims.

The palm-oil market

Having closed 2016 strongly, with the CPO price (c.i.f. Rotterdam) at US$795 per tonne, prices continued at these levels until the middle of February. Despite very low levels of CPO and vegetable oil stocks worldwide, the anticipated rebound of production following the El Niño of 2015-16 led to an erosion of the price towards US$650 per tonne.

The price subsequently stayed at this level, or a little higher, other than for a period during May when it temporarily rallied to around US$750 per tonne. Overall, the average price during the first half of 2017 was US$735 per tonne, appreciably higher than the US$668 recorded for the first half of 2016 and above the average price for the calendar year 2016 of US$700 per tonne. Since June 2017, the CPO price has been in the range US$650-US$750 per tonne.

Most unusually, in January 2017 the price for palm kernels exceeded that for crude palm oil. At the beginning of 2017, stocks of palm kernel oil had fallen to very low levels, which was compounded by a shortage of its main competitor, coconut oil. This pushed up the price of palm kernel oil and hence the price for palm kernels. These conditions lasted through much of February, but as the price of coconut oil reasserted its usual premium to palm kernel oil, the price of palm kernels fell.