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Now they have succeeded in thrashing the SP perhaps our well remunerated BOD might want to step into the market and do some concert buying to show some faith in what the company has become. They are sitting on worthless warrants thanks to their stewardship so they could divert cash that they will never have to call on under their stewardship. As usual though we have capitalism in reverse where the profits are privatised and the losses are socialised to small PIs. Furthermore we often hear about the vote of confidence that issuing shares in lieu is. How does Lincoln Square that with the history of an SP undergoing a veritable death spiral under his and the BODs leadership.
A casual -20%. How difficult can it be to unpeel some nuts?
Welcome to our world, HarChris. Now you can see what we've been complaining about all this time.
Well done to Troublingtimes/Stacegibbs for bailing out with another loss, not sure why you need to keep changing your username though.
More patience required here, but totally expected now.
The risk is DKLs debt. As of 30th June it was $31.5m. A strong H2 and considerable stockpile sales brings that down to about €25m, paid off in cash, but until the group is consistently profitable the risk will remain and be a drag on the valuation.
Fortunately the big ticket capex for the cashew project has already been sunk.
Not true CC. Prices well down on 2022 but production up 51.7% and 32.7% respectively.
It's the combination of healthy (well off ATHs though) prices and vastly improved production that has resulted in this year's success.
There's a lot of reporting on the effects of El Nino on Indonesian and Malaysian palm oil (the world's major regions)... forecasts are therefore for prices to rise through 2024 rather than decline.
Agreed, i'll put this here as I haven't got you to dm on twitter.
FCF is good but that's only cos prices are close to ath, any change in world prices ( already off the top ) and down it all goes.
Yr average noted.
CC fair enough, I'll hold at this valuation (my average is only 2p anyway) as CPO business is throwing off cash with those €36m revenues and forecasts are for CPO and PKO prices to rise through 2024.
Won't see a rerate until/if cashew fiips to cash break even but I'm happy to take my chances.
Hmmmm - any material uplift not until q2 when recommendations implemented!
We all know DKL - that target will be missed by a mile - it’s another year of poor cashew performance
Q2 with DKL management and delivery - no chance
Poor lack of management m8.
Food processing machinery like all production has niggles but you employ the right ppl to choose the right equipment with a decent supplier and ability to service and repair.
Q2
Market didn't react well to that one. Quite the wrong time to bring in someone who knows about cashew nut production. Might have been better to do that at the beginning. Hindsight is a wonderful thing. Good news on the palm side though.
I'm happy with the profit making from the palm oil business, enough to deal with cashew issues directly from cash flow. At this valuation it's a buy and hold although admittedly frustrating that the issues with the cashew project are ongoing.
Harchris, morning, read the rns and had a look in here.
Shelling and peeling issues, then shelling and peeling issues.
Another aim p.o.s.
Unmoved in the face of so many buys is now explained. The umpteenth time where a seller has been very fortuitous to unload just before bad news. Almost like having inside knowledge....
The England football team writ large. Unable to string two decent results together. The lack of accountability is staggering where there is no price for abject failure.
The full year update tells us that CPO has had a great year - "one of the best annual financial performances delivered by the Palm Oil operation".
Multiplying out the figures, CPO sales were €33.8m against €26.7m in 2022, up around 27%. So the year end outturn should be excellent.
But the cashew news is a setback yet again, with the machinery crapping out once more. The correcting measures are fortunately inexpensive, but it's now this Q2 which is expected to see volumes rise significantly.
Patience is a DKL investor's middle name.....
'Large background selling before results does not bode well, cashew nut production issues and this will be 1.5p on open imo'
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Would expect the cashew update much later in the month, two weeks time perhaps, so doubt any selling today is directly linked to that update.
Oh, hello Stacegibbs/Fundraiser222/Troublingtimes/Flash212, good of you to join us again.
I thought this was heading for 6p? That's what you told us last time. I take it you've bailed out again and now back to deramping?
Morning Fk1, yes it's another example of a very simple change that could be made to give investor confidence, but they refuse to listen.
It's understandable for the accounts reporting as they are dependent on the blue chips being given priority. During the last conference call, this was addressed again and that was the answer. There really is no excuse though for production figures to be set in stone on the 10th (or whatever date they want, just keep it the same or on the Monday after a weekend).
Harchris, you claim that it's a strange thing to criticise, yet years ago it was not uncommon for good news to be released on the 5th of the month and bad news to get pushed back to the 19th in order to reduce the time to the next RNS. I believe it's only down to investor complaints that they have moved to the more reliable 10th ish of the month, but even that (as seen today) is reliably unreliable.
Very few companies even update monthly, DKL does it on the palm oil side (and soon on cashew) and keeps to a consistent range of dates. So far this year:
14th, 13th, 11th, 10th, 12th, 12th, 10th, 8th, 10th, 10th, 11th. And probably ending it with another 11.
Strange thing to criticise.
I think j/k has pointed this out many times but I can't understand why DKL don't have fixed updates with only weekends being excluded. Should be the 10th of every month or maybe later but still set in stone to gather the full picture but DKL seem impervious to such regimentation.
The bid has fallen below 2p again so looks likely there is a background seller Rugs. My prediction was quite amiss. Hopefully the production figures will send the SP up but we will need the encouraging November figures to continue. We can be assured that no matter how the figures are anyway that the last 10 days to January 10th have been amazing in what's known as a Lincolnism.
I wonder will this be cancelled as it appears twice. Could be a rollover but didn't see an equivalent trade recently . Or maybe shifting stock between brokers? Might explain why the SP has remained stuck despite the flurry of buys. Dkl used to be plagued with phantom trades. The worst history of this in my PF of any share. Let's hope this is not reemerging. If it is a true dump then given DKLs history of in the know sellers then we can expect some issue with the update tomorrow.
Ah ! There is 1m or possibly 2m out of the woodwork.
Still no shortage of stock. Did a dummy buy of 750,000 and the price was still 2.05
Probably sparked by BBN on twitter adding today, he has a substantial following on there (over 5000 followers).
Others claiming to be buying/adding too today.
https://twitter.com/BigBiteNow/status/1744646362782691397