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It is diffult to understand the LSE pricing. Take this morning as an example. Somebody has unloaded shares at 1.15 valued at less than a quid . so LSE then decides mark up the price to 1.225 a gain on tyesterday of 2pct. I mean it's not even the midpoint of the range it is quoting !
Only reason I keep banging on about LSE prices is that the same source provides the prices to my online broker who is also showing an indicative price of 1.225. Okay so I can get a 'proper' price if I go for a dummy trade but I cannot see the logic in the LSE pricing.
What we also have seen recently is meaningful director purchases from both Lincoln and Aristide well in advance of the improved cashew operation in which they've signalled for June.
And notable is also the fact that none of the directors, who own significant stakes, have been selling shares for any reason.
We have a third driver with DKL and that is impatience, although you do require the patience of a saint with this one.
The 2 main drivers of daily share price fluctuations are fomo and fear.
There is no fomo with DKL, so the MMs can only go with fear, trying to get despairing PIs to sell up.
It's why all AIM shares drift down when there is no news.
Thanks Harchris for the site.
Today we are again marked lower, with no trades showing. Despite all the sizeable purchases over the past 5 days the share price continues to slip. I still feel there is a big sale to be shown or are the MM's pushing down the price because they need cheap shares ?
Try this instead: https://www.brecorder.com/news/40299891
https://*************************/status/1782766077174509907
international cpo prices remain highly supportive, even if falling back a tad. if local prices continue to slowly tick up and the cashew operation gets properly off the ground from q3 onwards then there's considerable upside to be had from this lowly mcap of £6.5m.
board has shown confidence with director buys, let's hope they can pull it off!
Well, so much for my prediction.
But how can LSE show 1.25 as a fall of 2pct when they were showing 1.22 at last nights close ?
Am surprised at the decline on opening today, I fear the MM have a large sale which has yet to be reported....
Over 1 million purchased at 1.32 and about at tenth of this amount sold at 1.23 and LSE deems the midpoint at 1.22 and marks the share down by 4 pct. Daft. expect a rise to 1.27 early tomorrow.
Yes Harchris they aren't the type to throw their money down the drain. Now our money, well, that's a different matter.
See for me DKL are at a very critical juncture, and have been for the past few months. What with the palm oil business being profitable, the indebtedness and the market backdrop what comes next is either capitulation (and we're talking 0.5p) or a rerate to a higher level (perhaps 3p). If the cashew operation doesn't start pulling its weight or the CPO is unable to carry the whole business and funding is therefore needed to service debt then it's coming at the steepest of discounts, in a dilution to oblivion type scenario. However if a clear turnaround is seen and DKL are capable of self funding their way from this point onwards then a £20m+ mcap / 3.5p a share is easily achievable.
I don't think these directors are the types to toss their cash down the drain hence my optimism increasing following these recent purchases.
At least Stockopedia don't have this listed as a "Sucker Stock", defined as: "These tend to be small cap, loss-making, jam-tomorrow, story stocks that are in the process of losing the market's faith. You can be pretty sure that a stock like this comes with a really promising idea … and an emergency fund raising just around the corner. Give these a wide berth… or use a bargepole."
That sounds vaguely familiar.
Instead, they have us down as a "Value Trap".
I like that we finally have date for the machines to arrive. From there there are no excuses, company must deliver. As for now, things seem to be ticking along. People have waited a while for these cashews, surely they can wait 2 more months. Director buys should add confidence. Let's see what the remainder of this year holds.
Showing 70 percent down dont trust this lot
Well I added 20% to my holding as soon as that rns landed and might add more later this week.
It by no means guarantees that things are about to significantly improve but with so many discounted shares out there it’s a big tick in the box that these two directors have chosen to throw money at DKL.
At the very least they are fully expecting a turnaround in cashew fortunes from June onwards.
**Sorry I meant to say I will report back when the momentum is over 40 (NOT the value).
To the novice investor - only invest what you can afford to lose. There must now be a decent chance of investing success here now, but the risk is still very high. Stockopedia ranking (each out of a possible 100):
Quality 10/100
Value 89/100
Momentum 16/100
Overall StockRank™ 28/100 (which is still very low)
For those tempted to jump in here now for the first time BEWARE - we need a steady improvement in the momentum score over a prolonged period (over a year in my opinion). I will report back when the value is above 40 say ( dont hold your breath, as i may not live to see it!).)The share price is depressed because it is high risk, but the potential gains must be large. Time will tell.
Ps In case anyone from Stockopedia objects to this - I do personally reccomend it for the novicè yet serious investor as well as those with experiece, self managing sizeable or growing portfolios. Stockopedia is not cheap, but I have learnt much over maybe 10 years subscribing.
Harchris, sincere best of luck if you go in aggressively. Being over £38K down here, on paper, I will need a series of a lot more convincing buy signals over a fairly prolonged period, before I risk any more. I have seen what FOMO can do to a portfolio, and not just DKL. I do wish all holders here a positive outcome over the next year or two (which is short term for DKL, if you look back). I will await a few years of good profit and some decent dividends before I commit more funds. In the meantime I will accept any scraps that may just roll our way!
Your wish has been granted. Aristide Achybrou, Non-Executive Director, purchased 1,100,000 on Friday 12th April.
"As a result, Aristide Achybrou now has a total notifiable share interest in the Company of 24,924,324 ordinary shares, representing 4.5% of the Company's issued share capital." Personally I don't get too excited by these sorts of buys. At today's ultra depressed share price that's only about £15K. If he really believes in DKL he should be picking up a few million more. I mean why not. If Cashew finally comes good, debt continues to decline the gap you have a multi-bagger (on every incremental pound invested) in 3 years. I imagine he is a man of some means and therefore these sums are small beer. Ditto the rest of the board. Still, buying is better than selling I suppose. Would be nice to see a lot more...
The one and only difference this time is that Lincoln has recently bought 1.7m shares so the perennial accusation of ‘if DKL are so undervalued why don’t the directors buy?’ rings less true now.
Will be interesting to see if there’s any more director purchases - perhaps the 400k buy at 1.35p yesterday? If there is I’ll definitely take the risk and follow them in more aggressively.
(Nothng else to say really, but.....)
I don't believe I have ever heard any of a hint of an apology to long standing financiers (us, the shareholders!)
Every underperformance is always down to third parties, teething problems, the weather, you name it - never the directors'and management, who have constantly failed in the most basic of tasks, such as buying equipment that works, or at least seeking compensation, or free replacement of deficient equiment. I could go on ad infinitum, but what's the point when nobody is apparently accuontable for any aspect of the pooor performance over a period that seems like, "forever". We are just a typical, jam tomorrow AIM company. All our high ideals forgotten and scuffling along the bottom. If we were any good, somebody would have snapped us up at these penny share prices.
I’ve mentioned a few weeks ago to be cautious when professional pundits and a deluded broker said it can only go up… todays drop is a better entry, but I remain cautious.
Thick? What's the point in continually lying about deadlines they know can't be met? Or is it just incompetence? They think clearly the market will believe these continuous attempts to kick the can down the road only for the can to be kicked further down again. The outcome? 8% falls like today when investors lose confidence/patience !!
Well - we called it didn't we - we all said that the chances of DKL managing to deliver the improvements by Q2 was minimal.
there's been a number of posts this week about DKL market cap been insanely low and we should be valued higher etc - whilst on a numbers basis alone this is true - this share will go nowehere until DKL do what they say they are going to do.
Cashew in Q3 - its a lottery - they have no idea, you can't place any faith in DKL statement that they will sort this in Q3 - its simply just kicking the can down the road - they say whatever they need to say to get through today.
this is why this share will never see a material pick up - the leadership management are simply incapable of leading and managing!
How is it possible for us to have, quote, "...developed and commissioned the world’s most advanced Cashew nut processing plant, capable of producing 3.5 million kilograms of Cashew Kernel products each year.", whilst at the same time, quote, "other new cashew processors in our region using this new off the shelf technology shelling and peeling systems are also achieving excellent results."?
Our facility is the world’s most advanced, yet the neighbours without the most advanced are achieving excellent results.
They've, in effect, bought themselves another 6 months with today's RNS, as don't expect any meaningful updates in the July quarter annoucement. That will just be the parts have arrived and are now being installed and we're ready to go next week type of announcement.
Finally, I hope the 'highly credentialled cashew processing consultant' doesn't have a penchant for electing to receive shares in lieu of remuneration. They could, of course, use their wage to buy on the open market though - which would be most welcome.