Member Info for catonahottinroof

FK1, I'm also surprised that there was no real mention of current trading, particularly after the excellent Q1 production figures. Q2 last year was very weak, so we should see that easily beaten. Maybe they want to keep the reporting of the 2 years' figures a bit separate. They also may not want to muddy the waters if they are in the middle of acquisition and joint venture negotiations.

I guess the 2016 figures were never going to be great given some of the issues the company faced that year. I presume there were some one-off costs in there associated with the refinancing and restructuring of the business, so the underlying profit was probably better than reported. I prefer to focus on 2017, particularly with the Q2 figures due next month. If we get good production/sales figures in Q2 and maybe positive news on Ghana, then 2016 figures will be long forgotten. Having said that, the company did make big strides in 2016 in refinancing and restructuring ownership of the venture, in spite of the negative backdrop on CPO pricing, Nigeria and low crop yield.

This share suffers somewhat from a lack of news. It would be good to hear of new contract wins, although there may be issues with confidentiality. The BOD should look to increase newsflow to generate more PI interest. I'm looking forward anyway to the half-year trading statement, last year it was on 25 July. IMO, there is plenty of upside here with, what looked like Institutional Investor buying at 6.0p in March. The BOD has been strengthened in recent months so we should expect some benefits from that, though it may take a bit of time to flow through to results.

Really difficult to predict 2016 profit. At H1 net profit was €1.8m. H2 production was low, but CPO prices were rising. My guess is €2.5-3.0m net profit before exceptionals. There should be some exceptional costs relating to refinancing of debt and increasing share in the JV. However, I am more interested in 2017, where my expectation, if we have a decent Q2, is for €8m net profit.

Just noticed that the Notes at the bottom of the RNS still show DKL as owning 85.75% of the project. They really should change that for subsequent RNS's. Good to see the gradual move upwards of the SP which feels more sustainable. Whilst it is fun to see a big jump on positive news, we often get a drift back from that a few days later. Hopefully we will get some more info soon on RSPO accreditation and the original 10,000ha Ghana land deal, both of which have gone quiet. If not, we could get an update at the AGM.

Sorry for the double post. Not sure what happened, IT problem either here or at LSE.

Hopefully we will get an operational update at the same time. We will have completed 2 months trading for Q2 by then, so should have a good feel for how well the year is likely to pan out, given that a large proportion of the year's production occurs in H1. We could also get an update on the Norpalm potential acquisition. The dividend should be announced, the value of which may depend on the Norpalm transaction. Lots to look forward to.

Hopefully we will get an operational update at the same time. We will have completed 2 months trading for Q2 by then, so should have a good feel for how well the year is likely to pan out, given that a large proportion of the year's production occurs in H1. We could also get an update on the Norpalm potential acquisition. The dividend should be announced, the value of which may depend on the Norpalm transaction. Lots to look forward to.

Thanks FK1 - am trying to get tickets for Wembley; as you suggest, it doesn't come around too often for Huddersfield.

FK1, I agree that they probably want to announce the dividend as part of the 2016 results. I imagine they will be waiting to see the outcome of talks with Norpalm, before deciding how much cash to pay out in dividend, so delaying the publication of the 2016 figures.

Sounds like excellent news to me. I wonder how close the mill is to the 10,000 ha previously RNS'd. I also wonder who the JV partner would be in this if it goes ahead. Lets see how the market reacts to this .... and the full year figures still to come.

Not sure when the accounts will come out, but I expect it will be fairly soon. They are already later than last year, but it has been a relatively complicated year, with changes to the ownership of the JV and refinancing, and costs associated with these. Also, the company website shows the accounting year-end date as 9th January, rather than 31st December of previous years. This may be an admin error or it may have been extended to take them to the date at which they assumed 100% ownership of the project. I am hoping that they will give some positive forward guidance with the accounts, on trading and expansion plans. In my view, the Q1 figures have still not been fully priced in, so I have added a further 40,000 shares this morning.

Total - not a well written article. Firstly, they are commenting on the cash generated in the last year, but don't say which year. This is important, as DKL is a company in a growth phase. It would be better to compare debt to projected cashflow this year (2017). My estimate for 2017 is for net profits of about €8m and, apart from a potential dividend payment or capex greater than depreciation, cashflow of a similar amount. This compares with an estimated €2.5m of capital repayment per annum on the debt. This would make the debt easily affordable.

Total, I was trying to buy at full Ask of 14p. I later tried a cheeky Fil or Kill order at 13.8p which failed. No worries, I have left a Limit order in, so hopefully will pick them up over the next few days. I could have picked up 20,000, but the teansaction charges add up if the trade is split into several smaller trades.

Have just been trying to buy 40,000 shares but have been unable to do so.

Bought a few more yesterday at just over 4.6p. The reported spread may put off buyers and can cause problems on trading platforms. I was unable to buy as many as I wanted yesterday on TD Direct. Their system said that I had insufficient funds ( based on the stated Ask of 5p, whereas the real price was significantly lower. It also didn't allow a Fill or Kill trade, as it said the price I entered (the real price) was too far away from the quoted Ask. I then put in a Limit bid, at the real price, which was also not processed (presumably because it was too far from the quoted Ask). In the end I bought fewer shares. It would have been much better to quote a realistic spread of 4.50 to 4.75, to allow proper trading.

FK1, yes, the Bid and Ask figures were odd yesterday, resulting in several trades being misreported as Sells instead of Buys, or vice versa as a direct consequence. I think there must be a ready seller, as you say. We still get largish round sum sells most days. Looking forward to the full year figures, more for the accompanying commentary. I'm hoping for some guidance on the expansion plans. I don't expect brilliant figures, since last year there were weather issues affecting the crop, currency issues affecting demand and low CPO prices, particularly in the early part of the year. Despite all these things, we should still see a reasonable profit to set us up nicely for 2017. There may also be a number of exceptional costs relating to refinancing and ownership changes/share issues.

Thanks FK1, lets see what happens tomorrow. It can't hurt to have a bit more promotion of the company although, as you say, dumper dude will probably kill any significant rise.

Hi Investz, who has tipped?

Hi FK1, you are right, but the SP will often increase as a result of the increased EPS, particularly where the SP is undervalued currently. The company would not have to know who the persistent seller was, but if there was a share buy-back, the seller would probably want to take advantage of it to clear more/all of their shares. Personally, I would prefer to see the money re-invested in the business, and hope we may get some guidance on this soon.