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Wow - I’ve not looked at the DKL price graph for a while - in the last 6 months down 43%!!
Given the CPO prices are at highs and cashews supposedly about to come online - That is some statement of faith on DKL the leadership
Basically market saying we have zero trusts in you or your ability to deliver!
Trust - a lifetime to achieve and a second to destroy - a long road back unfortunately - if ever
Absolutely spot on Danny!
i actually sold some shares to buy in here 10 years ago! i have to try really really hard not to think about what an error that has turned out to be - if only id left the money in the shares i sold id be 1000s better off!
DKL has been a very very costly mistake when you look at it in those terms!
and as you note Danny, only gets more painful when you consider the methods in which the board has funnelled our investment money to themselves! - shocking
The problem is JK is DKL will just announce any date that is a few months down the line.
they have no actual plan or any idea at all when things will actually happen - completely clueless.
the tactic seems to be - just say any date that's a few months away - kick the can down the road and hope nobody notices.
problem is - after the 50th time of seeing it - everybody notices!
"How hard can it be to eventually iron out the cashew issues? I mean come on, they were predicting 10tkpa back in 2020 for the following year with a phase 2 ramp up to 15ktpa and then eventually 30ktpa."
indeed they have stated this - like so many claims before from production targets, new sites, roundtable credentials, dividends - and the list goes on and on and on
eventually Harchris - you just get used to it
Harchris! - is this true what i read!! - is that the first sign of frustration, doubt, the dawning realisation of the level of incompetence you have bought into here!
you will soon be one of us
your halfway there stating that you need faith! - all that remains is the final step - the final realisation that there is indeed no limit to the leadership incompetence!
Harchris - welcome to the club :)
Well - we called it didn't we - we all said that the chances of DKL managing to deliver the improvements by Q2 was minimal.
there's been a number of posts this week about DKL market cap been insanely low and we should be valued higher etc - whilst on a numbers basis alone this is true - this share will go nowehere until DKL do what they say they are going to do.
Cashew in Q3 - its a lottery - they have no idea, you can't place any faith in DKL statement that they will sort this in Q3 - its simply just kicking the can down the road - they say whatever they need to say to get through today.
this is why this share will never see a material pick up - the leadership management are simply incapable of leading and managing!
Its completely ridiculous at these prices to be issuing 670k of additional shares for the poultry sum of £8k.
and who are these 'certain advisors' - ill bet as much as like that it is board members or associates.
you simply wouldn't do it - why issue out this number of shares if you believe the company is undervalued to a large extend - £8k for 670,0000 shares!!
its the usual self interest at the expense of everybody else
I do not think this is going anywhere for a while - next few months will be telling
Cashew - facility must be fully fixed Q2 as promised - chances of this happening with DKL is minimal - and even if they say it is fixed who would believe them
Year End Report - usually around June - if this is laced with lots of new equity issue, payments in equity for anything and everything, issue of shares in exchange for salaries etc
Chances are DKL will screw up both the above - Cashew delayed, loads of new shares in issue - if this happens expect this to tank yet further - regardless of Palm Oil updates, CPO prices, cashew prices etc
this share is blind hope now - ive kind of written the money off - it needs to succeed in spite of the board, if success is reliant on board competence and management - bye bye
That's the reason that with CPO prices approaching near record highs - we still see DKL fall.
its not irrational markets - its a complete lack of belief in the DKL management - we are totally reliant on DKL performing in spite of the leadership not because of it.
We are all with you Harchris
the circumstances you currently outline though have been present periodically multiple times over the past 5-10 years - in one guise or another.
the single point of failure every time is leadership and execution.
that's the problem - one win every now and then won't fix it - it needs to be sustained
You would think every leader in the business now would be moving mountains to make sure the cashew business is up and running, as they claim, by Q2 - for me id have leadership on calls every day - where are we against plan, what are the obstacles, who owns them, when will they be sorted
yet who here has any confidence this will be the case - when i hear Q2 from Lincoln my immediate thought these days are - ahh well so not this year then!
you can't buy a company with leadership at this level of capability
Yep - spot on JK, agree with every part of that
with the right level of focus and effort, with an aim for ALL shareholders to benefit been at the heart of everything DKL do - this business should be relatively straight forward - to operate and scale and be profitable.
by far the biggest drain on this share price and the biggest risk to the future of the company is the management and leadership.
my addition then to the excellent list of points JK makes would be leadership changes - but i can't see that.
I hate to say it - but my biggest worry is they let the business and share price fail to derisory levels - and then via one of their other companies - buy DKL - via issue of shares in their other company.
Blue2Guit - you reference scam - if its going to happen, along those lines is how it will take place.
Yes i get what you are saying and agree - we probably don't disagree on that much.
my frustration with DKL is ive probably seen too much of it over the years.
with DKL they've taken share allocations in exchange for related party transactions to acquire nothing more than ideas from themselves (shell companies) - and then they depleted the very modest cash reserves to turn them into actual businesses - and then they have failed on that!!
we as PIs we have been hit on all sides by this utter shambles and there comes a point when the standard self interest (which i agree happens everywhere) just becomes unacceptable (i could go further - fraudulent?)
You are a more generous person than me Harchris - i think how you acquire these shares matters alot
there's the correct, ethical and morally right way to accumulate reward (and i have no issue with that) and there is the DKL way.
i won't go into it all again as can just read previous posts
Lincoln started with 1m shares - he's now got circa 5m
given he has bought hardly any (if any) of these additional 4m shares - then a share price drop of 80% has no material financial impact on him at all!
much easier to make money allocating yourselves greater equity to mitigate performance than get down to the hard work and fix things!!
this has been DKLs approach to date
Agree with all that Harchris
my only point would be (and sorry to keep saying it) - although the BOD hold 20%+ of the company, if you look at what they have actually bought out of their own pocket (rather than allocated on the back of related party transactions, shareoptions etc) then its more like 7-8% max - and that is assuming they invested own cash when DKL first established - which i doubt!
so their alignment to our interest i would say has not been significant at all - their interest has been more in allocating themselves a greater share equity - to mitigate their own poor performance.
of course the flip side of that is PI dilution - us retail investors have pretty much taken the full financial hit in relation to poor share price performance to date (we can handle a share price drop of 50% if somebody gives us double the number of shares!)
if we want alignment of interest - this behaviour we need to stop! -
just in case anybody had not heard that message before!
Quote from Lincoln March 23 - Dekel Agri-vision doing a lot better than people realise
since then the SP is down 25% and the forecast SP down from 9p - 8.5p (admittedly the forecast is by WHI)
unfortunately Lincoln is absolutely clueless - if he jumped of a boat he'd miss the water!
When you actually look holisitcally at what DKL has delivered since inception it really is appalling (let alone comparing this to what was promised) - how Lincoln and others are still in post is both incredible and does not bode well for the future.
we are still at less than 40k tonnes produced - after what - 8 years of production? against a capacity of 70k (which was then subsequently reduced to 60k without adequate explanation)
outside of that they've delivered nothing - no guitry and a pathetic performance in delivering the cashew capacity which is already significantly overdue.
lets be honest we are all now just hoping for performance in spite of the board - we are hoping for a business that can succeed regardless of how bad the management are !
that is really desperate!! but its unfortunately where we are - i can't see the leadership making the necessary changes (or they simply cannot recruit the right calibre)
Hmmmm - any material uplift not until q2 when recommendations implemented!
We all know DKL - that target will be missed by a mile - it’s another year of poor cashew performance
Q2 with DKL management and delivery - no chance