Think drop was due to an article whining about the PE ratio and recommending investors to scale down. I won't be, the brands are already worth a good value and that's where the true value is hidden. I live in a small town and it's it's flying off the shelves here and in spoons. I can't begin to imagine how well it's doing anywhere else, especially a big city, but exceptionally better than here i'm pretty sure.
They do very massively, but low and high season swaps around which works out better for Africa in the end. It's also dependant on yields of seed oils to which also compete around the time it's high season in Africa.
Got a feeling this won't last too long with expansion into the us. Still profiting even with supply problems CEO seems pretty confident about future outlook, nice to see they are designing more of their own products which can only mean more profitability in the future.
RE: The decline in the share is very9 Nov 2017 14:46
Yeah I remember reading something along those lines. They're gonna need a bit from everything for the full whack don't think its gonna be cheap. Buys have outweighed the sells today so far which is nice to see maybe the tables are turning a bargain at these prices in my eyes.
RE: The decline in the share is very9 Nov 2017 12:40
Yeah know what you mean is a little odd. Anyone recon there will be a placing to help with norpalm deal if goes ahead? This could be a reason for someone keeping it low. Even just a small percentage of the business would be great thing.
I think its plausible the current upgrade will only cost 100,000 where as I guess another upgrade to the norpalm facility would be in the region of 250,000.
Also as Norpalm is close to the boarder of the Ivory Coast i'm wondering if the plant upgrade for 2018 is planned to help with this extra volume, think about it. Even if they don't get the full amount i'm sure they'll settle for a descent sized stake.
Had a read up on this pretty interesting stuff, a deal here would be monumental. If Dekeloil have had a bad time i'm sure Norpalm have had a worse one. Researching seems as though they haven't updated there equipment in many years and can only output half as much per hour as deketel. A deal seems quite promising and would be much welcomed. I look forward to some news on this.
Thanks for that jk400, I expect things to get seriously moving within H1 when high season begins and price of CPO increases. So undervalued at the moment for a profiting company, I'm happy to sit back here and keep an eye on this. I'm sure the masses will arrive soon enough. Beat them by a good few days at HYR hopefully done the same here too gla :).