Member Info for catonahottinroof

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.

Scott, I agree that 10p should be achievable. What we need is some regular newsflow. The outlook statement in yesterday's results was cautiously optimistic. If we can have regular news about new customers or contracts it would do wonders for maintaining interest in the company.

There was a sizeable purchase of 500k shares just before close at 5.5p, well above ask of 4.75p. It will be interesting to see where we open tomorrow.

I agree that the results were great, although flattered by the debt write-back. For me, the best thing about the results was the improved margin and confirmation of the significant cost reductions achieved, which should form the basis of solid profits going forward. Add to this the post year end acquisition of the 50% of the Ethiopian operation, as well as the expansion of the operation there, and we should see sizeable profits to come.

It could be the bank releasing a few shares to satisfy the demand from PIs. It's good to see some real interest in this company, as it usually flies below the radar.

A fine set of results today. Profit has turned around, despite reduced sales. The business has been streamlined, the Placing funds used to clear debts and invest in the operation in Ethiopia. The BOD is being strengthened and IIs are behind the strategy of the company. Margins have significantly improved, and any sales growth should add greatly to future profits. SP up nicely today, but plenty more growth to come imo, as the company is clearly gearing up for volume growth.

JK, although we did have a dilution recently, it was not the same as other companies who issue shares just to raise working capital to keep going. In the case of DKL it was earnings enhancing as we bought out our 14% joint venture partner for only 12% increase in shares (figures approx). We also occassionally shares to small suppliers as payment, which can be irritating to some, but I understand this is at the request of the suppliers, and is very small in value. This is my largest single shareholding, and I am confident that it will come good in the end. Q1 production will be a difficult comparator, as we had a stellar Q1 last year, but the other 3 quarters last year were depressed by the Nigerian currency problem and the weather conditions. If we have normal weather this year we should easily beat last year's full year production and prices for our products are significantly higher than last year. This alone should improve our margins, and we should get an extra €500k (ish) of margin from the empty fruit press recently acquired.

Had a bit of spare cash, so I've taken advantage of the dip in SP to buy a few more this morning. A few small sell trades seem to have moved the price down in recent days. I believe this is one to buy and tuck away.

It's such a shame to see the SP drifting down. I can't see anything negative that would cause it, so it must just be investor impatience. This company has achieved so much in a short time period, and yet none seem to be reflected in the SP. The small increase from last year to now could be explained solely by the GBP/EUR exchange rate movement. We now own 100% of the profitable project. Interest rates on the debt have been reduced by about one-third. We will shortly be paying a dividend. CPO and PKO prices are high. We must be close to RSPO accreditation, acquiring land in Ghana and starting operations at Guitry. Solid Q1 production figures last year took the SP above 16p (in old money), even at depressed CPO prices. Can't wait for the Q1 figures this year, and seeing the effect of much higher CPO prices.

Looking forward to full year results (last year was on 22nd March). The financials will be distorted by the reorganisation, but we may well get some indication of current and expected trading. I am quite bullish here, as the maket cap is only £14m. The company has trimmed costs, removed most of debt, invested in taking full control of operations in Ethiopia, invested in expanding production capacity in Ethiopia and hired a good non-exec - all in recent months. Now that the business in on a stable footing, I hope to see a return to sales growth from new and existing customers.

The excercise price of the options doesn't seem to be overly challenging, given the forecasts from the brokers.

Share price has been steadily moving upwards following the reorganisation last year. This could be a transformational year, as the operation in Ethiopia is built up. We now own 100% of the production site in Ethiopia, and the earlier share issue raised funds to allow investment in increasing capacity there. If the company builds sales and maintains discipline over costs we could see good profits made here. Good institutional backing here as well.

.... and a few more again today at 188.

Nice buy Smiling. Not a lot going on here at the moment, news wise, but we should soon get news on RSPO accreditation. At AGM, we were told it would be late 2016/early 2017. Local CPO prices are holding up well, so hopefully we will be making good profits in Q1.

Topped up today at 193.75. Not sure why SP has dipped slightly, but I'll have a few more while it has.

Another big step forward today. Buying out the other 50% of the Ethiopian operation will give Bagir full control of the profitable operation. They seem to have a clear expansion plan and support from Institutional Investors.

Sounds like a good appointment. Non exec director with good industry experience should help the business to grow. Bags of potential here and good institutional support. I tried to buy more today at 3.99p, but failed.