Member Info for catonahottinroof

Phil, I do use the palmoilanalytics site, as this shows the CIF prices, which I think form the basis of DKL's pricing. But, as you say, it is a few days behind. So I also use the UK investing cpo futures site, which seems to be pretty much real time. Whilst it doesn't show the CIF prices (which are higher of course), it seems to show a daily direction of movement which is reflected in the CIF prices reported with a few days delay.

Had another top up of 50,000 this morning. CPO prices are back on the rise again, which should be great for high season sales if the CPO price holds up. The BOD seems to be doing the right things - diversification into cashew and energy, starting the 2nd palm oil operation, which will be more gradual. Higher CPO prices, and hopefully profits, should give them a greater chance to continue the building of the business. If we can see production growth in CPO volumes, that would be a huge boost, as it is the operation that is most important at this stage. Trees planted in the past few years, including those on the company's own land, should start to yield more & If fertilizer use can be encouraged, we should see improved yields. Decent Q4 figures would be nice, but I am much ore interested in the 2020 high season production and whether the current CPO prices hold. My own target for the SP this year is 10p, which assumes a modest growth in production and CPO prices remaining at roughly the same level as they are now. All imo. Good luck all for 2020.

CPO futures price on the rise again. Just dipped in and bought another 62,500 shares this morning, bringing my average down a bit more. Looking forward to next year and hoping for some big gains here.

ShearClass - the price of FFBs is also linked, I believe, to the price of CPO, so there will be a rise in costs. Neverthless, the improvement to bottom line should still be substantial if the current CPO price holds.

... and up another $10 this morning so far.

CPO closed up $30. It will be interesting to see what happens to the DKL price tomorrow.

What a great CPO price jump today. So far, up $29 on the day! If this holds, it should have big effect on DKLs bottom line. Can't see the SP staying long at these low levels next year.

Nicely timed buy Rugs. Congrats at getting under 5p average.

Hi Rugs. Thanks for the info. One to keep an eye on.

Currency movement probably won't make much difference. It didn't seem to help when GBP was falling. Good to see CPO prices on the rise this morning. I dont have much spare cash atm, but have made a couple of small buys this morning. I see value here in the short term, with more to come next year if CPO prices hold up.

CPO futures just gone over $700 this morning. Wow. I wish I had some options.

Agree that this is an exciting development, as more such projects can be bolted on as and when. Whilst I would have liked to see more challenging targets set for the options, I am happy that incentives are in place to boost the SP. At least if they get to 6p I will nearly be at break-even. I do expect much better than 6p anyway if the CPO prices hold or rise further and if we get some decent high season production figures. CPO is up a shade again this morning. It's nice to get some newsflow as well. We had a long spell without any decent news.

About a year ago CPO prices were around $450-500 and the share price here was about 3.5-4.25p. Since then, production volumes have returned to record, or close to record levels. CPO price have increased dramatically to above $650 and heading towards $700. The company has diversified into cashew processing, with processing due to commence in 2020. A new palm nursery at Guitry is being developed. Over the past years, the nursery at Ayenouan has been supplying new plants, which will improve yields from smallholders over time. The fertiliser programme trialled this year should see growth, as the decision of smallholders to fertilise their plants will make economic sense given the CPO price rise. Replanting and fertilising should help to move production volumes closer to the capacilty of the mill. Another significant development this year has been the partial refinancing of debt with Agdevco. It seems likely that they will have done extensive due diligence and that they will be a supportive lender and shareholder. The capital repayment holiday should allow the company to continue to invest in growth. I can see no reason why the shares should not reach the levels of a year ago, even in the short term. This would be a 50% increase from now. Into next year, if CPO prices hold or increase and we see any sort of production volume growth, I can see the share price returning to 10p, a level which was considered low only a couple of years ago. I have been significantly increasing my shareholding here ever since the AGM to take advantage of the historically low prices. All the above is imo and please dyor. Who knows, we may see more than the 3 regulars at next year's AGM!

Welcome back Hereandnow. Hopefully your timing is spot on

FK1, sorry, I'm not creative enough to write a puff piece. Nice to see some activity here on the upside.

The CPO price keeps on rising. After a small retrace a few days ago, it has resumed it's upward trend. I don't see the step change of recent weeks in CPO prices being reflected yet in the DKL price, so I've had another 100,000 top up this morning, to bring my average down again. Still well above current price, but I'm starting to feel more confident here, assuming the CPO price rises stick.

FK1, I'd like to take the credit but my buys usually have the opposite effect in the share price.

On the back of the recent CPO price increase, I've bought another 150,000 shares this morning. I'm hoping that if the CPO price increases stick it will not only boost sales and margins next year, but may encourage smallholders in planting new trees and fertilizing existing trees leading to increased volumes in due course. Let's hope the CPO price keeps on rising. Too late to have much impact on 2019, but hopefully a boost for next year.

FK1 and Rugs,

It was good to meet up again yesterday. I liked what I heard yesterday and can see the steps being taken to address issues of quantity and diversity of production. The investment by AgDevCo has also impressed me. Youval and Lincoln also took shares at higher than current market price. I have added 150,000 more this morning to bring down my average. I now have a nice round number of shares Rugs!

AGM continued...

CPO prices were discussed. Clearly they are imortant for DKL. The Dekeloil website has a link to Abidjan . net. Prices in Abidjan . net have nit been updated for some time. LM said he would look at this, though there are other places to find the info.

My overall feel was that the BOD were quietly confident. For myself, I felt that the company is taking the right steps in diversification, improving smallholder yields and refinancing, which are within their control. Hopefully, CPO prices will improve from current lows. If these things come together, the business would be transformed.

All of the above, and the first part of my post, were from my own memory and scribbled notes, so please dyor.