Dekel Agri Share Price (DKL)

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!