Member Info for hereandnow

to see someone/s with deep pockets has been buying blocks of DKL for some while now….that 14.3 400k trade late reported from the 16th is v impressive

apologies…very poor dragging and dropping!!!! Norwegian press seem to believe the Norpalm CEO is keen for a takeover deal to proceed and is willing to accept a reduced price of 1.65 krone/share from the 2.0 krone mentioned in some earlier reports, due to some 'uncertainty' around the leases. Reading between the lines it appears historically, the Norpalm management have not managed the business well with respect to their relationships with the various interested parties - landowners, local and National Government - which has come to an impasse, and are wanting to exit as quickly as possible, seemingly willing to do a deal at what looks close to a fire-sale price. This would suggest an offer price of circa 50 million Norwegian Krone/£4.54m for Norpalm. Schønberg tells of countless meetings with land owners and representatives of the privatization agency and various Divestiture Implementation Committee dignitaries included Ghana's president - no result. The report suggests DekelOil had bid the stock of 1.65 kroner conditional that they got 50.1 per cent, that the Ghanaian authorities waived all claims against Norpalm and that PZ would not use the shareholder agreement's clause, "change of control" - in return DekelOil would in addition provide the financing of the compensation to the land owners through a loan of 2.2 million dollars @11%.

Wiganer 18 Mar '13 - 09:04 1 0 Charts Long Term Chart Fundamental Data Sector OIL & GAS PRODUCERS Mkt.Sector AMQ1 Mkt.Segment ASQ1 Turnover 17.25 Profit 0.11 Norm EPS - PE Ratio - Market cap 41.81 NMS - News 10/05/2017 07:00 UKREG Dekeloil Public Limited Comment Re. Press Speculation rivaldo10 May '17 - 22:49 - 516 of 538 0 0 Today's RNS specifically states that the acquisition will be financed: "from a combination of DekelOil's existing cash resources, new equity partners at project level and debt financing" So any dilution is likely to be reasonable relative to the likely earnings-enhancing impact of the transaction. The directors in particular - with large shareholdings - will not want to see their holdings overly diluted. rivaldo11 May '17 - 07:29 - 517 of 538 0 0 For chartists - Zak Mir yesterday sees a 16p target for DKL on this video: Http ://www.proactiveinvestors.co.uk/companies/stocktube/7426/zak-mir-16p-still-a-valid-target-for-dekeloil-7426.html?utm_source=Sign-Up.to&utm_medium=email&utm_campaign=7163-365042-PROACTIVITY+-+10%2F05%2F2017 "Zak Mir: 16p still a valid target for Dekeloil 10:44 10 May 2017 Palm oil group's move on Norpalm in West Ghana has highlighted rising trend since September and as long as price stays above 12.74p a valid target for the shares is 16p." 113mike11 May '17 - 07:33 - 518 of 538 0 0 Thats only 2.5p above where are now.. ok for starters but we should be there now! rivaldo11 May '17 - 10:05 - 519 of 538 0 0 This is interesting - quite a sea-change online. You can now only buy a maximum 50k shares at the full 14p offer, whilst you can sell at least 200k at a premium at 13.57p. Certainly much better than for a long time. shauney211 May '17 - 10:47 - 520 of 538 0 0 Gets a mention in Shares Magazine double your money main feature. Nothing we don't already know. Analysts targets is the point and Cantor Fitzgerald 29p for DKL varies11 May '17 - 10:54 - 521 of 538 0 0 Rivaldo Thank you for reminding us of the assurance about financing the offer. It may be, however, that even if loans are available, DKL will still need to raise money before long to repay them and provide for the cost of work on the Norpalm plantation. Let us see. 113mike11 May '17 - 18:53 - 522 of 538 0 0 Topped up again today...'bout time this started the rerate..whats going to kick start this....and when! poleaxe11 May '17 - 19:03 - 523 of 538 0 0 Rivaldo - thanks for pointing that out as if it makes much difference, perhaps i should dmor in future instead of buying shares after sticking a pin in a list of shares with my eyes shut. empirestate12 May '17 - 07:48 - 524 of 538 0 0 poleaxe, try throwing a dart with your eyes shut at a list shares, works alot better Cheshire Man12 May '17 - 08:40 - 525 of 538 0 0 Took

I don't think they like doing Friday RNSs

bought 300k more at 3p

holding firm….$695 according DKL link……$750 according to rea holdings link. Really great margins at this level. Part of me just wants them to maximise every cent of production and revenue at the one asset and feed us share holders fantastic dividends. I know that is not going to happen. Business is fixated on expansion and a 'vision' of growth.

There was a share consolidation. We will get a dividend, organic growth and expansion. All good here

….no cash left…!

An initial position here, about 5k

seemed to have found a floor around the $700 mark, very encouraging as they had been in decline from the recent highs.

Not just Gfinity raising money, the music jukebox is in the midst/back end of a find raising to fund their USA launch. My post got removed the other day….very odd. I am not an insider, I know nothing factual about a placing but it seems pretty obvious to me. The SP has drifted down as low as .4 and then on a bit of sporadic trading is back above .5 p. My experience tells me whats coming……..not a bad thing, the investments all look good, they just need to get on with it

Both banks and very complicated businesses. DKL is a palm oil producer run by palm oil industry experts and guys with massive financial experience , check out their resumes on the website, good pedigrees

They did that to help the government prevent financial armageddon….!!! at share holders expense.. Not really comparable TBH. If DKL are going to buy this company, they would have poured over the books, met the government repeatedly, met with pz cussons. They would need everybody on board with all the caveats in place before following through. Time will tell, it is clearly not a done deal, looks very complex.

They wouldn't be buying it if all those criteria were not met. Worth considering the long term strategic goals here. Clearly long term they want to be bought out by one of the asian producers.. If DKL has good assets, good relations in both Cote D'Ivoire and Ghana it would make them even more attractive to a buyer looking for expansion opportunities

The board know W Africa very well, you are right FK. They must have been doing lots of due diligence. In the article it states DKL need the Ghana government to let them of Nordpalm's liabilities. One must remember government wants the company to succeed. It seems like Nordpalm has got themselves into a tricky situation, details of which we are not privy to. DKL has an outstanding track record, has excellent community relations.The Ghana government will be doing due dilligence on DKL...

Looks to me DKL are taking advantage of a distressed company, getting guarantees from the government and are trying to buy a nice asset at a competitive price. DKL have mentioned the possibility of purchasing distressed assets, this is clearly one of them.

Norpalm fights to be sold Industries: British DekelOil have offered 50 million for Norpalm in Kristiansand, but Norpalm has not yet clear åoppfylle criteria. At the same time be notified it about competing bids. STEINAR GRINI STEINAR. GRINI@FINANSAVISEN.NO Published: 06.05.2017 -There are many variables in Africa. But I think we're going to make it, says Chairman of the Board Per Schønberg in Norpalm. But Schønberg have tried for several years to address the issues around joints and rental deals in Africa after the Norpalm in 2000 only paid half of the purchase price of 3 million dollars for land the Government had seized and resold. Norpalm dare not to pay the remaining sum because they are convinced that the Government will never pay the compensation on to land owners. At the same time threatening the Norpalms partner, PZ, with lawsuits at the same time that they will block any suggestions about the ownership change. Requires exemptions for liens Norpalm manufactures and sells palm oil from Ghana, Norpalm where Norpalm owns 69 per cent and PZ Cussons the rest. In 2015 the company earned 3.9 million of revenues of 104, but the previous year has been more profitable with annual profits of around 10 million. The 2. March they went out message to the owners about that DekelOil had bid the stock of 1.65 kroner conditional that they got 50.1 per cent, that the Ghanaian authorities waived claims against the Norpalm and that they are not confirmed that PZ would take the shareholder agreement's clause, "change of control". Dekel would in that case provide the financing of the compensation to the land owners through a loan of 2.2 million dollars to 11 percent interest rate. Originally Dekel would buy Norpalm Ghana directly, but when it became clear that it would not get the sufficient majority in the general Assembly, they would instead buy indirect control through to buy the company owns Norpalm in Kristiansand. The uncertainty around the joints and leases also has reduced the price from 2 dollars to 1.65 per share NOK, which rates the company to 50 million. -Vulnerable situation -Call back in a few weeks. We keep on working, "said Per Schønberg. -What are you working with? -I don't want to say. -When do you expect a clarification? "We have to have something in place before the summer. Shareholder letter from Schønberg was little lystelig. Schønberg draws a picture in which the Norpalm are in your tax position at the same time as dividend capacity is considerably reduced. His conclusion is that the Norpalm will be in a "very vulnerable situation". Schønberg tells of countless meetings with land owners and representatives of the privatization agency and various Divestiture Implementation Committee dignitaries included Ghana's president-no result. -Real konkursfare Schønberg have adopted the lobby organizations and the Norwegian Embassy as well as the UK author

That is brilliant news, particularly as they are financing it without diluting us share holders….earnings enhancing…nice!

Garbage website, very dumb article.

Siva cannot sell without permission. I suspect bits of their holding will be 'sold' across to other institution investors, perhaps this process may start after results this month? Time will tell. All that really matters to share holders is that buys are clearly outweighing sells and the SP is rising.