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I rarely bother looking at this BB any more. Largely dominated by some stale old share holders who should have sold up and moved on a long time ago.
The reasons for the poor SP performance are pretty obvious. A dreadful CPO year in 2022 save for the pricing and a 15/18 month delay in the ramp up of the cashew business.
CPO production has been excellent all year and the price decent. Cashews are showing signs of getting there. Hopefully they will contribute to the bottom line next year and not be a drag. They were originally forecast to be more profitable than the CPO side of the business, time will tell.
Incentivised yes. Does that guarantee success? Quite clearly not as we’ve seen. Will buying a few shares on the open market just to try to shut up your incessant moaning turn the company around or incentivise them any further ? No.
They are already incentivised is my point, they just haven’t delivered. Buying a few shares won’t make any difference. I’m pleased that finally there seems to be a material improvement in operations and am focusing on that rather than moaning day in day out whatever the results.
Terrific November production update.
Sales and FFBs processed are both hugely up on last year. Extraction rates are back up. Prices achieved are stable at high historic levels and margins are good.
The CPO results for the year were already going to be good - these should further enhance those numbers. Let's hope a year end cashew update continues to - finally - signal a smooth increase in production with no calamities, in which case the large potential upside here will start to feel like it's on the way :
Https://uk.advfn.com/stock-market/london/dekel-agri-vision-DKL/share-news/Dekel-Agri-Vision-PLC-Record-November-Palm-Oil-Production-Update/92768969
Incentivised enough to oversee an SP of 20p reduced down to 2p you mean Harchris? Incentivised enough to continually issue shares instead of paying cash for piddling amounts thus diluting their ahem incentivisation? Incentivised enough to issue warrants for shares most of which are worthless under their stewardship? Hmm!
They own more than enough shares to be fully incentivised to see this turn around and from this update that appears to be what's happening. More of the same combined with film and strengthening CPO prices through 2024 and we'll be looking at least 5p.
So will the board pile in now the update is in the public domain? After all they have driven the SP down to these levels due to carelessness incompetence and a range of other 'qualities' that our board bring to the table. I await with bated breath. . Wow wonder whether we can break 2p again today which I am sure the BOD would be chuffed at after overseeing a 90% drop in the SP
Record monthly production at 3875t CPO - now we’re talking. Material improvement being seen.
This will filter through to the sp once the healthier accounts are released.
HarChris you really are a throwback to when I and others used to post such things as an indicator of tailwinds under which DKl would propel forward. I wouldn't bother if I were you because if it was raining soup DKL would have a fork. But if its any consolation I expect as we are probably due an update Rivaldo will be along in a minute with a post about a 9.5p target price in dome broker note or other.
Great Post Danny! I think most investors have lost faith in these charlatans as you couldn't believe a word that comes out their mouth. Driving the company into the ground while issuing shares in lieu of payment taken as a sign of confidence in the company would you mind! It seems to have escaped their attention that all these shares exchanged in lieu are worth a fraction over time of what they would have got in cash under their stewardship which makes the arrangements very fishy indeed. Scratch a liar and you find a thief underneath. Indeed.
Disappointing to see palm oil prices unable to hold around the $4000/oz mark, that really would make a difference right now especially with thousands of tonnes of inventory built up this year.
London stock exchange i heard have problems
To sell any shares despite knocking off all the zeros down to just 100. But the same goes for buying.....Wonder what is happening ?
The last thing we want is anybody buying us out at anything like these prices.
I bought in years ago as I liked the story. A new business, creating something, supporting local farmers, growth and sustainability.
This has all changed and I don’t like it all all anymore and am just holding a small position and will exit if it breaks even.
The broken promises, disorganisation, setting up other ventures that are then bought out, paying staff in shares as if it’s a technology company, endless issuing of shares and incompetence of completing things for years have left a rather sour taste in my mouth.
We thing the share price should improve at these levels, but we thought that at 6p, 4p and 3p already.
The best you can hope for now (if the business is actually any good) is that a bigger company buys this out, but they never pay an astronomical premium … maybe double of what it is, but that’s it.
Simo, I can't say I'm overly worried at this point despite the recent sell off. It's nothing we haven't seen before after large sales, there's a domino effect of others piling in and a race to the bottom.
It's clearly not good, but if they can get the cashew facility up to capacity - bearing in mind it's now the best part of 3 years late, despite the rhetoric - then some positivity should quickly return.
Bought a vastly overvalued cashew business. Some made a good bit out of that. What next. Their share holdings aren't retia dividend but I assume there are annual bonuses. All at the expense of us.
Collusion between broker and company. Their can be no logical basis to the broker's estimate of price. It would all be totally laughable, except the broker will have influenced some people to buy over a number of years with their "spin" (I can't call it research). So the BOD should fire the broker, and then fall on their own swords. It is virtually impossible for long term "investors" to ever break even here, because if the company ever does really get it's act together, it will be taken over by a bigger company at a premium to the SP at the time, but at 4 or 5 figure losses to the many of us. The whole outfit just stinks, purely IN MY obviously clueless HUMBLE OPINION, of course. I dread to think what great news will be heading our way tomorrow - I am not saying the company is leaky, but the word "sieve" comes to mind. Hapless, spineless management.
The simpler explanation is that - not for the first time - we have a 'follow the leader' mentality of shareholders.
They could have just lost patience like rugs / bored of waiting / following their strategy when a share drops x% / insert your own reason here.
On the basis of no news is good news, then this appears to be based on nothing whatsoever really. We had the usual DKL non-news last week with forward guidance, but if you're selling based on that, then you don't really know DKL.
I'd suggest a big part of this is the proverbial noose around the neck which is the cashew facility and its ongoing delays. If the board came out and said "sorry for the delay, all should be sorted whenever", then we wouldn't all have a wet finger in the air trying to figure out which way the wind is blowing.
As it is, the cashew factory was supposedly finished two years ago and we just have a faulty shelling machine - apparently.
At these prices, they should also be looking to buy back and cancel some shares. Or, heaven forbid, buy some of their own.
Another 10% down today.
While the potential opportunity here has been highlighted and is well documented. The buy recommended from brokers and other sources at over 3p was rushed and not serious.
1.9p is in my opinion a much better entry (while still high risk) and I would like to see the directors come out now in support and buy shares in the open market if they are serious in supporting a broker who thinks this is worth 9.5p right now. Otherwise fire the broker or resign!!
There are two more necessary things Harchris which won't happen anyway. One is the cabal needs to break up and there should be a dismissal or forced resignation instead of continually rewarding failure. Get in someone who can produce results instead of literally running the company into the ground. Secondly, send a signal to the market by buying in the open market in substantial amounts to align yourself to long suffering shareholders. I won't hold my breath!
Two things are necessary right now, one of which is within management's control, the cashew and palm oil operations and the other which isn't, prices of those commodities.
At least at the moment the uncontrollables are in Dekel's favour, as for the former we will have to wait a little longer to find out. The share price tells it's own story but there's still every chance of a sharp reversal happening all at once so I've added a little here at £11m mcap and hope that my timing ends up looking good.
Its says it all FK
in the last week or so - we've had
- Production updates with narrative suggesting the we are on for strong finish to the year
- impressive increases to the CPO price over the last week or so - as reported by Harchris
- WHI coming out re-iterating the 9p target price
net result - a 10% decline in the share price.
DKL are a totally busted flush - the market has seen them for what they are and given up! there's no interest in a self serving board who simply can't deliver for their S/Hs - through either lack of capability / effort or likely both.
its a long, long road back now - best thing DKL can do is shut up completely and focus solely on deliver and proving they can generate value to S/Hs
nobody has any regard for the puff pieces or updates - they have become an embarrassment - only results over a long period will sort this - short term results won't help either now because the market simply expect the board to dilute the benefits away from retail s/h - there's simply nothing to invest in here at the moment.
Down almost 10% today and we know that drops in DKl always presage bad news with sellers blessed with great foresight as to coming events. Must be more issues with the cashews. To think this was 20p at one stage. We have well remunerated board who have taken us backwards. No wonder they don't buy shares in the open market. They would be complete mugs! I wonder what excuse will be peddled out by Lincoln for the next bad news coming about the cashews? A pre Christmas lull in cashews eating but the last 10 days before November 26th have seen people being ravenous again...?
Now this gives cause for optimism:
https://tradingeconomics.com/commodity/palm-oil
Indeed fk1 and I can't imagine for a single second that shareholders of Norpalm Ghana would put up with such shenanigans.