The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Looking at today's RNS, I must admit the figures are disturbing. That said, I never know whether low production - and then sales - are a dekel issue or whether it is an issue affecting all producers equally. Guess I should research this, but I've rather lost enthusiasm. In for quite a lot here at an average of 7p, so I feel rather bound to keep my fingers and toes crossed for better times ahead once cashews ramp up.
Some years ago we had an SMR competition. Several companies invested millions in round 1 with the government promise that 2-3 would be selected to go further. After this nothing happened. The government simply went silent on it. That is the pattern that the conservative government has taken since 2012 - promise then back away, move the goalposts or kick the can down the road. I really hope things will be different this time, but if past performance is any guide then I worry. That said, if they do go forward this time, and Putin has perhaps changed the mindset, then I think the RR SMR design is very likely to be one of the selected options as reliance on overseas designers and manufacturers is clearly a risk. Will they have the gumption and vision this time??
...but doesn't account for the 14% fall today. My main concern is around the corporate governance of dekel. Despite positive external conditions the company sp falls, and I am increasingly concrned about the murky governance. I will continue to hold but with real misgivings...
....and buys significantly more than sells this morning - yet the sp falls. What is it with Dekel? If it doesn't prosper under the current market conditions when will it? I'm in here quite heavily, but it is a source of constant bewilderment.....
Hmm, have to agree with you there Rugs. My Scottish Mortgage and Rolls shares have fallen off a cliff, and the less said about my India Capital Growth the better.... Perhaps there is something to be said at the moment for a share who's price never moves !
Any likelihood of a buy-out does anyone think? Or is DKL too small to make it worthwhile for a larger company? I do feel that's the only way we'll see a sp rise. If we get to 7p I'll think about cutting my losses....
PS; 7.9 would see me exactly level, so it's rather sad that I would see that as a cause for celebration after a few years' ownership of dekel, and averaging downwards several times at that....
Well, sadly, the recommendation is either having no effect or a negative one as the price falls yet further. I have to say, I do regret investing here, but I have settled in for the long-haul....
Optimistic Rugs, but I hope you are right! I have to say that I do find the Dekel website disappointing. Very little information - for example, cashew plant photos not updated since February; a one year old construction progress youtube video and so on. Would it be so difficult for them to be a little more proactive and informative? I'm sure it would help with investor confidence...
Interesting and detialed presentaton by Lincoln on https://www.***************************/dekel-agri-vision-plc/dkl.l . Positive - as one would expect the spin to be of course - but the fundamentals seem set for a share price increase...