Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Odd to see the SP increase today despite some relatively large sells. I wonder if someone is accumulating shares here. The 500k shares trade recently seemed to me to be a Buy.
As far as I can see, shareholders in AIM companies incorporated outside the UK, but within the European Economic Area, should notify at 5%, 10%, 15% etc, within 4 days. Dekeloil seems to fit this, and Biopalm had over 10%, so should have notified, unless I am missing something. Dekeloil's website lists those who have notified and are above 3% in March. It seems to me that this is important information that should be available to other shareholders. Not sure what, if anything, can be done to enforce it though.
Fantastic production figures, far exceeding my expectations, and excellent selling prices achieved as well. The only slight negative is the build up of stock, which will be sold at a lower price. This, on top of the newspaper coverage at the weekend, should see the SP rocket this morning.
Thanks Rivaldo. Its a pity they got the Sales figure wrong, but it is good timing to give DKL some publicity just before the Q1 production figures.
Does anyone know when the full year results for 2016 are expected?
Agreed H&N, however when they have given timescales in an RNS, I would expect them to notify if there is any significant change to them. You say they are working on them, but how do you know that with, say, Ghana. If you have any specific information to support that, I would be grateful if you would let me know. It is important to the company valuation to know where we stand on such strategic activities. Maybe this is why the SP has stagnated for so long.
FK1 - I agree with you about the need to fill the news vacuum. Whilst I don't want to see endless RNSs about nothing much, it would be good to get an update occassionally about strategic matters, such as RSPO accreditation and plans for future development (Guitry/Ghana). RSPO accreditation was expected at end 2016 or very eatly 2017, but we have heard nothing since. It is well over a year since due dilgence was started at Ghana, with a timeframe put on the DD of up to 12 months. I appreciate that many things can happen to affect timescales, but it would be nice to have an update from time to time to keep investors informed and interested.
My guess for Q1 production is 13,500 (based on 3,000 Jan; 4,500 Feb; 6,000 Mar). Q1 last year was exceptional, and I expect a more normal result this year. Having said that, I hope to see figures somewhat higher that would indicate steps being taken to increase production to nearer the mill's capacity and would be very happy with anything over 15,000. I don't expect that there will be much held in stock as prices have been declining from the very high prices earlier this year, so reported sales volumes may be higher than last year's Q1. Coupled with the high CPO prices, we should see record Q1 sales.
FK1 - looks like LSE haven't moved the clocks forward.
Followed by another £11k sell, oddly enough at a slightly higher price despite no reported buys in the intervening period. I would have thought that this could be someone flipping between a trading account and an ISA account perhaps, were it not for the time delay and the slightly different quantities.
Another late reported sale today, of 100k shares. Again no effect on SP. There seem to have been quite a few of these larger Sell trades recently, that haven't affected the SP. Maybe a larger order being filled or MMs taking a position before the Q1 production figures?
HL now showing a late reported sale of 150,000 shares from earlier this morning. Didn't seem to have any effect on the SP though.
Also we have bought an "empty fruit press" which should add €500k to profits this year.
Hi Rugs, I'm afraid I don't hold quite so many shares as that, I'm only a poor retired accountant.
Lets see if this can kick start the SP.
Great set of results for the full year, big increase in the dividend and lots of cash on the balance sheet. Not surprised to see the SP rise today.
Nice to hear from you Scottie. I agree, this is one of the best BBs on LSE. You were not the only one to buy in March last year when the SP was high, but the Nigerian currency problem caught us out. It was good to see the company taking steps last year to increase storage facilities, which would help if a similar issue happened again. This was an issue that was discussed at the AGM. If you get the chance to attend the AGM, you may find it useful. I went last year (a day trip from Devon) and met 2 others from this BB. The directors were all open and approachable, and patiently answered all of our questions. Lets hope for some good Q1 figures soon.
I see that we had a cancelled trade again yesterday. This, plus the late reported large trade, makes it difficult to understand the day's trading pattern, other than in retrospect. During the day yesterday, I thought it was odd that seemed to have 4 consecutive quite large sell trades without any reduction in the bid price. Now I know why.
Could be Miton again, maybe. If so, we should hear soon, as 1 million additional shares would take them over 19%. If it is then it is a great vote of confidence in the company.
Wonder what price Miton paid for their top up. There were 3 large trades early on the 8th at 6p.