Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Answers on a postage stamp, if any of us can still afford to buy one. Still they don't devalue like DKL shares, year after year. Wish I had invested in postage stamps, of any country. Facetiousness is not a nice trait, I know. I used to be a nice person. Now I am destroying the planet, and enriching people with no morals (the BOD). What have I been thinking all these years! No reply required or expected, unless equally perverse! Will this post be deleted by admin?
Recent Share Trades for Dekel Agri (DKL) -Thursday 21/09/23
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
21-Sep-23 16:25:00 2.99 10,000 Sell* 2.90 3.10 299.00 O
21-Sep-23 15:35:56 2.70 18,392,552 Sell* 2.90 3.10 496.60k O
21-Sep-23 15:35:22 2.6973 18,392,552 Sell* 2.90 3.10 496.10k O
When we will be informed who made these massive sales? A director or an institution. Shouldn't there be a RNS about sales on that scale. I think it's ominous probably, what is it that someone knows that we don't. Are the sales likely to be buy Rasin (Youval) Individual Investor - possibly about 50 per cent of his shares maybe
Does anybody know what this means? Is it likely to be a permanent feature for this share on Interactive Investor, or is it likely to be a temporary thing? Thanks for any info
DKL S.P. - Always one step forward, one step backward. This share is still priced as it was at the end of September 2022, nine months ago. People produce children in less time. When I first bought in here nine years ago I was a gullible inexperienced investor. I was attracted by the Roundtable On Sustainable Palm Oil promise, which I expected us to become a member of in a reasonable time frame. I am still waiting. Meanwhile in the last ten years Palm Oil producers have got about as much credibility as Petroleum Oil producers. No wonder the company is not spreading the love. I am cutting this whinge short, and going out for a beer, otherwise i will whinge for hours. Please don't tell me i could have sold at any time. We live in hope. Good luck fellow Dekelers
Are we nearly there yet - is full membership imminent and just round the corner for DKL? Perhaps we will find out very soon from Lincoln or someone?
BTW You will all be glad to know that I have done with the sarky comments for this month and will not post again for the forseeable!
https://www.forestpeoples.org/sites/default/files/private/publication/2013/12/conflict-or-consent-chapter-14-biopalm-oil-palm-project-case-study-departement-ocean-cameroon.pdf
Overall, the authors argue that to date the actions of the company and the government related to this project fall short
of the requirements of both national and international law and the RSPO Principles & Criteria and that to avoid conflict and the legal consequences of a serious violationnof the rights of citizens, the government and the company will have to make anundamental change to their approach.
Fortunatelynwenare nolonger inn bed with this outfit, except they are a substantial shareholder
Just realised - What do I really know about these people / entities? Quite a diverse bunch with good old Lincoln right at the bottom with just enough shares to keep him "interested". No sleight intended. How many of these have other financial interactions with DKL, unlike us who are mere shareholders, dependant solely on share price movements and dividends for any kind of return. Some people put in and others take out, and some get nothin. That's life, of course!
Holding % Held
Rasin (Youval) - Individual Investor 68.4m 12.26
Premier Asset Management Ltd - Hedge Fund/Mutual Fund 52.9m 9.48
AgDevCo, Ltd. - Corporation (and Provider of Debt Finance to DKL) 41.2m 7.38
Biopalm Energy Ltd - Corporation (part settlement for plantation costs) 35.5m 6.35
Kol (Yehoshua Shai) - Individual Investor 28.2m 5.06
Achybrou (Aristide) - Individual Investor 22.7m 4.07
Killik & Co - Investment Advisor (In lieu of fees) 21.5m 3.86
Inbar (Yossi) - Individual Investor 15.8m 2.84
Moore (Lincoln John) - FRONT MAN? who everbody else hides behind?) just 5.5m 0.99
STACE did you know that you can read all past RNS regulatory news reports FOC on investegate.co.uk website? I read it for entertainment value and a sense of nostalgia for those promises of yore. (The good old days that we are still actually awaiting). The only way companies like this can keep going is by sucking in naive new investors who buy into the "growth2 story. I do hope things will change. With the benefit of hindsight I would recommend someone should only buy here once, and then sell half on spikes, only subsequently buying more shares from profits derived from that initial investment. It MAY be possible to make a long term profit, by trading half. Remember this share is a switch back rollercoaster. but one whereso far the overll net dirction fromthe ups and downs, is most definitely DOWN, since the company was formed.
I am just sharing this RNS from 2106 for some historical insight - I actually passed on this rights issue .
Remember that although the rights issue was at 1.325 pence per share there ws a 1 :10 consolidation subsequently
Tuesday 24 May, 2016
Dekeloil PLC
£11.1 million Placing and Acquisition
RNS Number : 0644Z
Dekeloil Public Limited
24 May 2016
DekelOil Public Limited
Acquisition of approximately c. 30.5% stake in CS DekelOil Siva Limited,
Proposed Placing of 834,736,160 Ordinary Shares,
at 1.325 pence per share to raise £11.1 million,
Proposed Share Consolidation,
Directors' Dealing and Notice of General Meeting
Highlights:
· Acquisition of approximately 30.5% stake in CS DekelOil Siva Limited, the Company's majority owned joint venture in the producing palm oil project at Ayenouan
· Transaction increases DekelOil's interest in Ayenouan to 81.5% and is earnings enhancing for Shareholders
· By securing a greater proportion of Ayenouan's growing revenues and cash flows, the acquisition has the potential to accelerate the roll out of the Company's strategy to build a leading West African palm oil producer
· Acquisition to be funded via a proposed capital raise of £10.8 million by way of placing of New Ordinary Shares to institutional and other investors at a premium of 1.9% to the closing share price on 23 May 2016
· Proposed 10 for 1 Share Consolidation
DekelOil Public Limited, operator and 51% owner of the vertically integrated Ayenouan palm oil project in Côte d'Ivoire (the "Project"), is pleased to announce, subject to, inter alia, Shareholder approval, a fundraise of £10.8 million before expenses through a proposed placing with institutional and other investors of 812,094,680 ordinary shares of €0.00003367 each at a price of 1.325 pence per share, representing a premium of 1.9 per cent. to the closing share price on 23 May 2016 (being the latest practicable date prior to the announcement of the Placing). Net proceeds of £10.1 million are intended to be used to fund the proposed acquisition of approximately 30.5 per cent. of the entire issued share capital of CS Dekel
STACE - caveat emptor - I will say no more. As I said before - good luck with DKL
This is my £47,000 "investment" cost break down over the last 10 years
16/04/14 BOUGHT SETTLEMENT 20000 17.13500 DEKELOIL ORD 10P -3427.00
05/01/15 BOUGHT SETTLEMENT 12000 10.83333 DEKELOIL ORD 10P -1300.00
22/04/15 BOUGHT SETTLEMENT 20000 10.02500 DEKELOIL ORD 10P -2005.00
27/08/15 BOUGHT SETTLEMENT 15000 10.19166 DEKELOIL ORD 10P -1528.75
19/10/15 BOUGHT SETTLEMENT 20000 9.82500 DEKELOIL ORD 10P -1965.00
12/04/16 BOUGHT SETTLEMENT 13000 15.97692 DEKELOIL ORD 10P -2077.00
26/04/16 BOUGHT SETTLEMENT 20000 14.55000 DEKELOIL ORD 10P -2910.00
26/05/16 BOUGHT SETTLEMENT 20000 13.33000 DEKELOIL ORD 10P -2666.00
21/06/16 1 for 10 Share Consolidation DEKELOIL 1 for 10 Share Consolidation
09/11/16 BOUGHT SETTLEMENT 10000 11.57500 DEKELOIL ORD 10P -1157.50
19/01/17 BOUGHT SETTLEMENT 50000 13.01000 DEKELOIL ORD 10P -6505.00
04/09/17 DIVIDENDS REINVESTED 0.17000 DEKELOIL 340.00
11/09/17 BOUGHT (SCRIP DIVI) 2881 11.80146 DEKELOIL -340.00
02/10/17 BOUGHT SETTLEMENT 20000 12.49000 DEKELOIL -2498.00
14/05/18 BOUGHT SETTLEMENT 40000 7.52500 DEKELOIL ORD 10P -3010.00
10/01/20 BOUGHT SETTLEMENT 150000 3.71333 DEKELOIL ORD 10P -5570.00
13/12/21 BOUGHT SETTLEMENT 100000 5.14500 DEKELOIL ORD 10P -5145.00
10/01/22 BOUGHT SETTLEMENT 100000 5.23590 DEKELOIL ORD 10P -5235.90
612881 shares @ 7.72p (13.25p was buy in price at athe last rights issue £-47000.15
Financial Summary
Year End 31st Dec 2016 2017 2018 2019 2020 2021 TTM 2022E 2023E CAGR / Avg
Total Revenue
€m
26.6 30.2 20.9 20.9 22.5 37.4 35.4 37.4 30.7 7.09%
Operating Profit
€m
3.44 3.32 -1.50 -1.46 -0.422 2.64 2.90 -5.13%
Net Profit
€m
0.316 1.56 -3.28 -3.34 -2.23 0.757 1.02 0.400 3.40 19.1%
EPS Reported
¢
0.154 0.525 -1.10 -0.879 -0.519 0.143 0.190 -1.47%
EPS Normalised
¢
0.154 0.525 -1.10 -0.879 -0.519 0.143 0.190 0.100 0.100 -1.47%
EPS Growth
%
+241 +32.9 -30.1 0.000
PE Ratio
x
15.4 11.6 22.0 22.0
PEG
0.055
Profitability
Operating Margin
%
12.9 11.0 -7.19 -6.98 -1.87 7.07 8.19 2.49%
ROA
%
4.58 -9.76 -9.97 -5.79 1.59 1.99
ROCE
%
11.9 12.0 -5.91 -5.44 -1.28 6.41 6.75 2.94%
ROE
%
12.1 -25.0 -27.4 -18.1 5.45 5.75 -10.6%
Cashflow
Op. Cashflow ps
¢
0.742 0.779 -0.012 -0.341 0.101 -0.246 1.12
Capex ps
¢
0.983 0.760 0.348 0.115 0.028 0.863 0.753 -2.58%
Free Cashflow ps
¢
-0.242 0.020 -0.360 -0.456 0.073 -1.11 0.371
DividendsEx-date: 13 Jul / Paid: 4 Sep
Dividend ps
¢
0.200 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 -100%
Dividend Growth
%
-100
Dividend Yield
%
0.000 0.000 0.000
Dividend Cover
x
0.770
Balance Sheet
Cash etc
€m
1.98 0.775 0.262 0.273 0.202 2.19 1.11 2.06%
Working Capital
€m
-1.37 -3.68 -5.76 -5.43 -8.59 -3.19 -3.36
Net Debt
€m
18.5 16.7 17.8 17.6 25.7 28.9 26.9
Net Fixed Assets
€m
30.3 31.4 31.2 32.3 41.5 44.4 46.3 7.92%
Book Value
€m
11.1 14.7 11.6 12.8 11.8 16.0 18.4 7.54%
Average Shares
m
206 296 299 380 429 529 529 21%
Book Value ps
¢
3.93 4.92 3.86 3.02 2.57 2.99 3.42 -5.33%
Stace, I would strongly advise you NOT to buy any more shares until you have done thorough research on this company, going back years. You could do worse than read back all the contributions on here. All the long term shareholders on here started off full of optimism, and went in with eyes wide open. I have the utmost respect for all the contributors on here - but if your shares are worth about 75% less than you paid for them (despite averaging down over years) then one's views do become somewhat jaundiced. The shares were worth more before they had actually planted a single palm tree, than they are now! Did you know for instance that in 2016 the company did a 1 for 10 share consolidation - which often happens if shares are issued like confetti? Did you know that in Sep 2017 the compay issued it's one and only dividend (none of us could understand why) of £0.0017 oer share - I got a £340 dividend from my 200,000 shares which I reinvested through a scrip) in a further 2.881 DKL shares at 11.8 pence each (£340), They are now valued at about 2pence each, as you know. Good luck, but I have less confidence in this management then at any time in the past - I wont't be buying a single more share until there is real evidenceof sustained profit making,
Who says he was a "forced" seller? It looks like just another disillusioned investor getting out, to me . He actually says he is looking to invest the prceeds eleswhere. That is nor the definition of a "forced" seller. Or was it just a tongue in cheek joke that I have missed. Good luck to those left here. Actually I would jump at the chance of getting out with a loss of "only" 40%
Hi falling knife and other sufferers here. I too go way back and am also deeply disillusioned. I have bought shares in DKL in 17 tranches, spread over every year except one, from 2013 to 2022. My holding is currently worth 66.2% LESS than cost. This has always been a company which ought to have made oodles of money by now. Every aspect of implementation from the BOD has been shockingly bad. Why have no heads rolled? They do not give a toss about their shareholders. Shares have been printed like confetti. I am not by nature or history a wreckless investor, I have agonised over every purchase - always believing that success was just around the corner (as it should have been). Over 10 or more years the company directors have milked the company and failed the shareholders. The current share price reflects years and years of failed management implemenation, resulting in shareholders deep distrust of the Board, and anything they say or do. They show a shocking arrogance and disregard for the owners of the company (us of course) And yet of course the potential is still there. I wish there were larger activist investors who could force changes at the top. There is no reason to believe that this Board can deliver. I WOULD ADVISE ANY POTENTIL NEW INVESTORS IN THIS COMPANY TO WAIT UNTIL IT IS CONSISTENTLY PROFITABLE AND HAS DELIVERED MEANINGFUL DIVIDENDS FOR A MINIMUM OF TWO FINANCIAL YEARS. I have stopped looking here in detail - it is just a case of hoping for the best, whilst expecting the worse. The trouble is that even if an efficient operator were to buy the company now, we would only recover a fraction of our book losses! So we are in for the long, long haul - but I am 67! Nuff said. Is this a legitimate company or just a scammer?
RNS Says: "Manufacturing scale up and commercial discussions continue to progress well and the Company looks forward to updating shareholders further in the coming months"
IMO all this should have been sorted in advance and production should be almost ready to go NOW!"