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Thanks for sharing jk, I’m sure most of us would be delighted if we see half of that broker target in the next year - I certainly would!
Nothing new of note from WH Ireland, they didn't even mention the target price, so it must still be 8p.
They state that "the palm oil business remains well on track for a positive result in FY24E in line with our expectations....."
Net Debt still forecast to fall by €1.9 million (E) this year to -€26.5 million (E) from -€28.4 million (E) in 2023 and peak of -€31.4 million (A) in 2021.
Have raised their price idea for selling 100,000 parcels from 1.16 yesterday to a shade under 1.25 this morning. Their price to buy is virtually unchanged at 1.1625.
A reminder that end of June 2023 there was €212k cash and €5.1m debts maturing within twelve months - they've all been paid down now I believe without any raise or cash injection, just profit and extra stockpile so that should give a sense of what the full year numbers are going to look like.
If cashew operation flips from cash drain to cash generation DKL will quickly be making profits greater than today's market cap.
They're still generating quite considerable cash month on month from the CPO operation so in a sense it's steady as she goes.
Full year results in June should look quite positive showing a healthy profit but of course everything rides on cashew progress through H2.
I take it folks are equally underwhelmed with the numbers and spin around this month’s update! Had hoped for something more encouraging after adding to my holding! This time next year Rodney!
There will be very little on cashews. The machine isn't here until next month. Another month of doing the PO maths and wait.
Totally lifeless in the run up to the next monthly CPO update. Tomorrow or Monday, what do we think? Any mention of the cashews or saved for the quarterly update in July?
So the large trade we have been expecting has now been revealed 1.5 m at 1.22
A buy or a sale ? I reckon it's a purchase.
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).