Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Its completely ridiculous at these prices to be issuing 670k of additional shares for the poultry sum of £8k.
and who are these 'certain advisors' - ill bet as much as like that it is board members or associates.
you simply wouldn't do it - why issue out this number of shares if you believe the company is undervalued to a large extend - £8k for 670,0000 shares!!
its the usual self interest at the expense of everybody else
Harchris, surely even you have to accept that this issue of £8000 worth of shares is ridiculous?
If current cash resources are as tight as you suggest, then these 'experts' should not be being employed at all. Have any shares been given to those responsible for the mess at the cashew facility?
What an opportunity this would have been to change tack, with a relatively small outlay to say to the market, we normally would issue more shares but the SP is so low we've bought these on the open market to pay for services rendered.
On the plus side, FFB's are significantly up but we have absolutely no idea whether that is due to a) a good harvest, b) the prelude to a dreadful 2025 next year as these things seem to be cylical, c) the boards efforts to increase local production, d) A N Other.
The break even price of CPO sales used to be $550, so $759 is still good.
You have a company spokesman saying market expectations will be exceeded and yet the SP is unmoved. OK probably the mms will move up the ask a smidge but the bid remains anchored. Proof if any were needed that the market has no faith in these chancers. Totally incompetent and although today's update is welcome it is most likely just a prelude to another excuse, delay by these incompetents.
There is obviously a positive correlation between local and international prices but the degree of that relationship changes over time and tbf, it's never been that tight.
As for the issuing of shares... well, most likely highlights just how tight the current cash resources are. If they end up forced to raise this will get ugly.
There is no correlation between the two harchris nor will there be in any meaningful sense. You might as well wish for a correlation between belief in the Tooth fairy and 50p's appearing under your pillow after losing a tooth. What do you make of further issuance of shares at this level from our tone deaf board?
Rugs any idea who these advisers are? What a cabal we have here!
Disappointingly the strong and rising international prices aren't having much of an effect on local prices for DKL.
So with that side of the business remaining solidly (but unexcitingly) profitable we wait another month for progress on the cashew front. Zzzzz
The key shareholders page has been updated:
https://dekelagrivision.com/page.php?pID=5&ppID=5
Rugs there is a job for you at DKl given your approach above. As long as you do t mind being paid in shares. DBentleys comments nailed it better than me but I have said many times there is no floor here under this management (except for 0p ) as they are content to draw salaries without accountability as this hurtles towards 0p. Lincoln tends to spew out anything that kicks the cam down the road while hoping the market will have forgotten when the day of reckoning comes. Who would bet against a further delay or mishap on the cashews?
Unfortunately I think you are correct FK1....
I reckon both the two trades shown are buys as I can buy at a shade under the 1.175 and only sell at 1.126
Wasn't going to post anything as frankly was hoping there would be no trades to show the further slippage.
I do not think this is going anywhere for a while - next few months will be telling
Cashew - facility must be fully fixed Q2 as promised - chances of this happening with DKL is minimal - and even if they say it is fixed who would believe them
Year End Report - usually around June - if this is laced with lots of new equity issue, payments in equity for anything and everything, issue of shares in exchange for salaries etc
Chances are DKL will screw up both the above - Cashew delayed, loads of new shares in issue - if this happens expect this to tank yet further - regardless of Palm Oil updates, CPO prices, cashew prices etc
this share is blind hope now - ive kind of written the money off - it needs to succeed in spite of the board, if success is reliant on board competence and management - bye bye
Is ridiculous. Despite the obvious cashew blunder.
Down 16.7% on my trading platform.
A dummy sale offers me 1.12p today which is an ATL for me anyway. Can buy (as if!) At 1.17p so the quoted SP is not in sync with reality. A CPO update due within 1,4,5,6 days which you would hope might offer a glimmer of hope. There seems to be no level at which our hapless board would buy in the open market so we can only hope some other trigger for a revival happens along. I say happens as it won't be by design by our incompetent Board.
CPO prices have broken upwards through $1,000 and are at their highest for 7 months:
Https://rea.co.uk/investors/CPO-price/
And consensus is for high prices to continue:
Https://uk.finance.yahoo.com/news/wrapup-1-shrinking-global-palm-090816554.html
Hopefully local CPO prices will follow this lead - hopefully they can't diverge for too long....
2 m sold today. That's almost 12 m in the past two weeks.
Mr Black probably sees some value in DKL. The own plantation hectares at 1700 is worth way more than the market cap, probably more than double. Then there is the mill. I assume the cashew business is worth something but probably no where near what was paid for it so there looks like plenty of upside providing management begin to work for shareholders.
Was there any sign of a big buyer recently? 28 million shares added? Caught me by surprise that's for sure.
Good to see though.
Well management were informed on the 15th so they knew what was going on. Hopefully these new holders have a bit of clout and will sack on of the incompetent board or at least force a vote on it.
New RNS today. A Nominee Co. (Nortrust Nominees Ltd) has lifted its stake from a previous 5.27% to 10.32%. Any ideas who might be behind this? When I look at DKL's website, and the list of major shareholders as at 28 September 2023, none of the larger shareholders seem to tally up with the original 5% stake. Also can't see a previous RNS from this entity, which would have been triggered when they originally crossed 3% on their way to 5%. All a bit odd. Presumably the incremental 5% has come in a block trade from an existing larger shareholder rather than in market purchases???
So, now we know who has been buying a few shares. One of Blacks other holdings is Red Rock Resources which has a pretty colourful history....
I have managed get a dummy trade quote to sell/buy 1m. Usually have to delete a zero to get a firm price. It remains 1.21 to 1.25
Yes Danny you are correct. There has not been any recent director buying recently. The point FK1 was making was that we are perhaps lucky the price has not fallen further with the 5 million sold on one day last week. Wonder for how long the brokers are prepared absorb shares at the 1.21-1,22 level ? Would be nice if they have a large buy to cover.
The problem with these shares is, that there is plenty of them and no one is buying.
None of the directors are buying any as they are being printed for them for free and whenever the company needs any they print more too.
So there will be plenty on the books of the brokers or intermediaries.
I cannot understand the recent trades either FK1. And cannot get any clarity from the management .
As of 1000 this morning dummy trades for 100,000 are showing me a buying price of 1.25 and for selling it's 1.22 so a nice tight spread, but no trades !
How come all those sells and the SP is unmoved? It has dropped 8% before on volume of 25000ish for example or on no trades. Is it Brokers moving stock between each other? Don't understand it at all tbh!