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Pin to quick picksDekel Agri Share News (DKL)

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AIM WINNERS & LOSERS: Versarien signs Umbro deal; Dekel sales tumble

Tue, 10th May 2022 11:27

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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Versarien PLC, up 11% at 17.70 pence, 12-month range 14.66p-41.95p. Teams with Umbro. The Manchester-based sports apparel and equipment maker will use Versarien's Graphene-Wear technology in its Elite Pro-Training Kit sportswear range, initially for the 2023 spring/summer collection. "Versarien has been working on several projects with Umbro since 2018, and this is the first to lead to products being launched," Versarien says. "Versarien's Graphene-Wear ink formula will be printed on the inside of the new Elite Pro-Training Kit garments. The Graphene-Wear formula features novel properties that will allow wearers to experience enhanced thermal transmittance, increased moisture management, with improved drying rate, without compromising air or water vapour permeability. The garments will also have Versarien's Graphene-Wear trademark applied."

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AIM - LOSERS

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Dekel Agri-Vision PLC, down 16% at 3.80 pence, 12-month range 3.80p-6.30p. Sinks to 12-month low after the company warns of continued crude palm oil production weakness in April. Since first warning on palm oil production volumes in March, shares have fallen by 38%. The African agriculture company says production from its Ayenouan palm oil project in Ivory Coast has "continued to remain weak, in line with guidance". Dekel says that "low recent rainfall" has delayed the typical ripening timing of fresh fruit bunches. However, the company's soil management and crop production expert is "cautiously optimistic" that some of the shortfall in monthly fresh fruit bunches could be improved over the next two months, amid predicted increases in rainfall. CPO production in April is 42% lower year-on-year at 2,965 tonnes, from 5,147 tonnes. Processed fresh fruit bunches are down 45% to 13,168 tonnes from 24,010 tonnes. CPO sales volumes fall 64% to 1,788 tonnes in April 2022 from 4,971 tonnes a year prior.

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Xtract Resources PLC, down 13% at 4.94 pence, 12-month range 3.15p-7.10p. Reports "eclectic" set of drill results from the Bushranger copper-gold exploration project, Australia. Amongst the best results are 2 metres at 15.5 grams per tonne gold from 191 metres in drill hole BRDD-21-033, a result which the firm says "warrants follow-up drilling", and 18 metres at 0.34% copper equivalent from 388 metres in drill hole BRDD-22-044. "Drillholes BRDD-21-025, BRDD-21-029 and BRDD-21-034 were all exploratory holes which targeted outlying geophysical anomalies or the continuation of mineralisation south of Racecourse and north of Ascot. All holes intersected porphyry related alteration along within zones of anomalous copper and gold. BRDD-21-025 was largely un-mineralised," it notes. Executive Chair Colin Bird calls the results "eclectic", saying they showed "some degree of mineralisation and some meaningful gold values". He adds: "Whilst these outlying holes do not in themselves indicate significant extensions, we continue to drill and model to better understand both Ascot and the area between Ascot and Racecourse. The modelling for the primary Racecourse open pit is advancing satisfactorily."

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Dekeloil Signs Third Crude Palm Oil Off-Take Agreement

LONDON (Alliance News) - DekelOil Public Ltd Monday said it has now signed its third off-take agreement to supply crude palm oil produced from its 60 tonnes-per-hour extraction mill in Ivory Coast. The crude palm oil producer said the agreement, which was with San Cie, a local refining comp

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21 May 2014 12:14

UK MIDDAY BRIEFING: Burberry Profit Up Again On Asian Demand

LONDON (Alliance News) - Burberry Group Wednesday said that demand for its luxury outerwear, leather goods and menswear continued unabated in Asia, driving another increase in its annual profit.

The company said it will increase investments by GBP200 million, pumpin

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21 May 2014 11:37

UK WINNERS & LOSERS: Telecom Plus, Britvic, DCC Lead FTSE 350 Risers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.
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FTSE 100 - WINNERS
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Petrofac, up 1.8%, and AstraZeneca, up 1.6%. The companies

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21 May 2014 10:56

DekelOil Gets Second Customer For Palm Oil From Ivory Coast Mill

LONDON (Alliance News) - Crude palm oil extractor DekelOil Public Ltd Wednesday said it had secured a second contract to supply crude palm oil from its extraction mill in the Ivory Coast and had already started supplying oil to its new customer, meaning it has now secured buyers for its entire 20

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21 May 2014 08:07

DekelOil signs up second Ivory Coast customer

Oil and gas exploration group DekelOil announced it has started to supply crude palm oil to a second local customer in the Ivory Coast. The delivery forms part of an off-take agreement signed recently with local refining company Adam-Afrique for a minimum of 5,000 metric tonnes of crude palm oil a

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16 Apr 2014 13:37

DekelOil reports positive first month of operations

DekelOil Public, an operator and 51 per cent owner of a palm oil project in Côte d'Ivoire, said its recently commissioned crude palm oil extraction mill had become fully operational in March. During the month, it produced 1,617 tonnes of crude palm oil (CPO) and 189 tonnes of kernels. CPO producti

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16 Apr 2014 11:39

UK MIDDAY BRIEFING: Tesco's Answer Is Even More Price Cuts

LONDON (Alliance News) - The UK's biggest retailer, Tesco, Wednesday reported a second consecutive decline in its annual trading profit as it was hit by lower sales in both the UK and Europe, and said it would respond to the growing encroachment by the discount retailers by in

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16 Apr 2014 11:01

UPDATE: UK WINNERS & LOSERS: Sports Direct, Tesco Jump; Hargreaves Lansdown Falls

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.

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FTSE 100 - WINNERS

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Sports Direct International, up 6.2%. Shares of the sports retailer

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