The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
To the novice investor - only invest what you can afford to lose. There must now be a decent chance of investing success here now, but the risk is still very high. Stockopedia ranking (each out of a possible 100):
Quality 10/100
Value 89/100
Momentum 16/100
Overall StockRank™ 28/100 (which is still very low)
For those tempted to jump in here now for the first time BEWARE - we need a steady improvement in the momentum score over a prolonged period (over a year in my opinion). I will report back when the value is above 40 say ( dont hold your breath, as i may not live to see it!).)The share price is depressed because it is high risk, but the potential gains must be large. Time will tell.
Ps In case anyone from Stockopedia objects to this - I do personally reccomend it for the novicè yet serious investor as well as those with experiece, self managing sizeable or growing portfolios. Stockopedia is not cheap, but I have learnt much over maybe 10 years subscribing.
Harchris, sincere best of luck if you go in aggressively. Being over £38K down here, on paper, I will need a series of a lot more convincing buy signals over a fairly prolonged period, before I risk any more. I have seen what FOMO can do to a portfolio, and not just DKL. I do wish all holders here a positive outcome over the next year or two (which is short term for DKL, if you look back). I will await a few years of good profit and some decent dividends before I commit more funds. In the meantime I will accept any scraps that may just roll our way!
(Nothng else to say really, but.....)
I don't believe I have ever heard any of a hint of an apology to long standing financiers (us, the shareholders!)
Every underperformance is always down to third parties, teething problems, the weather, you name it - never the directors'and management, who have constantly failed in the most basic of tasks, such as buying equipment that works, or at least seeking compensation, or free replacement of deficient equiment. I could go on ad infinitum, but what's the point when nobody is apparently accuontable for any aspect of the pooor performance over a period that seems like, "forever". We are just a typical, jam tomorrow AIM company. All our high ideals forgotten and scuffling along the bottom. If we were any good, somebody would have snapped us up at these penny share prices.
Welcome to the club of the downtrodden - recovery from what? The share price has been in near continual decline sice Feb 2014, when the share value was 17p. At least you can only lose 2p per share, so hats off to you. The word "recovery" is not appropriate here yet - "stop the rot", possibly. It's good to dream - at some point there will either be a turnround, or receivership. It's a flip of the coin. Tails you lose, heads you win. Tails I lose, heads I lose less.
Who are they, and what advice are they being paid for? It would seem very unlikely that DKL are receiving "good" advice by anyone. Years of 'good"advice paid for by us. I too bet these advisors are very closely linked to our directors. Their advice - issue more shares as an additional reward for advising the company how to prosper and generate profit we can all share in. Isn't it time now to diversify again? Think of another profit centre - that will enable more advisory fees to be extracted. The shares are so worthless that the merest hint of an idea (advice) could justify issuing a few more millions of shares. My suggestion, breed frogs with bigger than normal legs, and sell them as a french delicacy into the local Cote D'Ivoire bon vivant population. Whatever you do, don't sell internationally, even though they are premium frogs legs. We can develop our own spawning nurseries, maybe. There you are - do I qualify for some free shares in lieu of, or in addition to, my fees. Perhaps I could become a director, or an official advisor. I feel I have earned that privilege through all my years of financial support. Anybody else on here got any bright ideas?
Some decent purchases, other transactions either buys and sells, maybe contras or maybe for ISAs. Or just something going on that we are not privvy to. Maybe we will find out tomorrow. Crazy wild west AIM. Sorry I have nothing constructive to add. I've been here too long, and I don't even know why, except blind hope (I won' t say faith). Inertia maybe? Stupidity maybe? Anybody else got any glimmers of reasons for optimism? Cheers.
Hi Rugs. Glad to see I am not the only idiot here (only kidding). No, I have never communicated with Lincoln or the board. I am sure they are well aware of how we feel. They are making money, we are losing money. Simples.
Risk versus reward has nearly always "looked compelling" That's why us "stalwarts" have been averaging down for 10 years (although I have not bought or sold in the last 3 yrs), and presumably why new "investors" are still being sucked in here. Look at the long term SP graph: what do you see? I have lost money here exponentially, whether over 10 years, 5 years, 3 years, 1 yr, 1 month or one week. Why would I talk my own book? I have mentally pretty much written off my £46K investment here, as it is currently 83.5% down as I type. Rather than talking our own book, long term investors here have consistently being sending out messages to potential investors to take care. Never, have I suggested anyone should buy here. Yes, we are disillusioned and frustrated. You would be if you had been invested for 10 years. I have shares in numerous companies worldwide, I am very well diversified (even though this is cumulatively my biggest single holding). Apart from a few companies that have gone bust, THIS IS MY WORST PERFORMING investment ever. Yes, the risk / reward does look compelling, as always - because as always we are just on the cusp of flip/flopping to "jam today". Still, I do hope newcomers will see some big returns (and I mitigate my current book losses)!
Idle speculation but have the directors set up another company or companies "locally" to buy all the ouput at knock down prices, and then sell on into the international market? Obviously I am joking!
On the other hand WHO are the local customers, and why are we selling to them at these prices?
Why can't we sell into the international market and get top dollar? Are shipping costs too high, is the infrastructure not in place? Are we stupid?
Is this another example of a failed business plan - how to get product to market?
Or have we pi££ed off our wonderful local suppliers (who we never hear anything about these days, (just like nurseries and sustainability and green credentials et etc), and wholesale buyers. Are we pariahs and lepers, nobody likes us? Or are we being cheated?
These are just a few examples of how the loss of 85%+ of one's investment can cause one to engage in ever more ludicrous (is it?) speculation. Finally, once we finally start producing some meaningful quantities of cashew nuts, will we be giving them away cheaply as well,as if we are a charity?
Maybe we should become a charity, then the directors can be trustees instead, pay themselves more, sell cheaply and pay no tax!
Apart from the directors themselves, have we any major shareholders who can demand answers and action?
I am not sure I can wait another 10 years (death waits for no man), and who is to say I will see any benefit by then?
More questions (loads) than answers (none). All these qustions are, of course, purely rhetorical. I feel better already,
Best of luck to all sailng on the good (ghost) ship Dekel, all you guys and gals.
Admin: For avoidance of doubt I am not saying this is a scam, Iam saying it feels like a scam. So please do not take down this post
The company needs to explain fully how they have got to where they are, and what steps they are taking to put right a business plan that seems to be broken. They need to restore credibility. We need a refresh of the Board.
82% of my investment has disappeared over a period of many years. THE BOD do not care. I fear this company will be taken private. All long term investors are totally dispensible now, because we no longer are prepared to stump up any more money.
The top guys are elusive, invisible and have no morals.
Yes i know, I could have sold at any time. I had high expectations but now have belatedly come to my senses.
The continued disparity between promises and outcomes, over a very long period of time, cannot just be bad luck. There is an agenda here that resembles the modus operandi of scammers, with an initially convincing mouthpiece that has become more and more difficult to give any credibility to.
Take care everyone.
What are the charts (stars?) saying to us today? It's all double doji to me, as unfortuately i know nothing about candlesticks, Roman or otherwise. Please forgive my glibness, which is a poor reflection on me , not on you, "Stargazer".
Strange nom de plume BTW!
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.
I'm with Rugs, and been invested here just as long (I'm 68 btw ). We have seen it all.
For me: No more averaging down, take-up of rights. re-investment of divis (there was a miserly one just once). Period! I will not succumb to any more sweet talking bullocks!
This company is not run for the benefit of investing sharehlders (the owners), but for directors only. Nothing ever changes. I was a committed investor, with a big five figure investment drip fed in over many years, now worth a pittance.
Some folk may not know that this company's shares have been subdivided by a thousand over the years, in addition to chucking new shares around like confetti. The graph of share price decline should be many time steeper than they appear, A gradient of 1 in 3 might be appropriate.
Good luck all. However even the best outcomes don't necessarily mean we will benefit. Maybe our heirs, HMRC or chatritable institutions maybe, Ta ta for now