Member Info for jk400

Fk1, looks like the return of 'dumper dude' this morning - selling in to strength.

Thanks rugs, yes I'm at 4p having been at 12.5p at one stage but haven't bought any more for quite some time. Current opinion is hold.

I meant more the BOD, to give us a sense of their thinking.

They "saw a lot of value" at 3.5p, if you remember so you should be ok.

Yes, if the cashews are seen as the holy grail moving forward then it might not be a bad idea to offload the CPO facility to a local rival who have access to a greater volume of FFB's. Remember, many of the plants producing those FFB's came from 'our' nursery, but the end product is ending up elsewhere.

It's barely got anywhere close to even 50% of the supposed 60k tonnes capacity, never mind the actual 70k tonnes.

I know it was able to keep the company afloat during the cashew mothballing, but it's too seasonal and bad harvests every few years like last years rainy season.

It would be interesting to know the break even point of the major shareholders.

Guidfarr, debt is falling - slowly, but it is falling.

In terms of dilution, they have already diluted it to the max.

Harchris, you keep going on about debt and yes it remains high, but you always fail to mention that it peaked in year end 31 December 2023 and is now falling.

That is because we now have a cashew facility which is no longer mothballed.

I know RCN processing was temporarily reduced during January pending the commencement of the RCN buying season, but that is a temporary blip and nothing to do with faulty equipment like when the facility was effectively closed for 4 years. Strangely, I see this temporary reduction in January as a positive because it means we're able to process more than anticipated once the inventory/stock issues are resolved.

We knew about the plans for a rubber factory (albeit they have gone quiet on that, of late), but not about the "alleged perpetrators of the attacks" who are "nowhere to be found".

There's been a "severe drought" in Ivory Coast and Ghana this year, who knew?

https://www.bbc.co.uk/news/articles/c86737yg3jlo

That'll be the reason for the poor CPO harvest then.

Further to the above, I believe debt has reduced by around €2 million since the year end accounts, but DYOR.

31 Dec 2024 -€30.9m

31 Jun 2025 -€28.8m

We're sitting on €30 million of debt, built up from 4 years of mothballed cashew facility.

That's going to take some time to reduce. It's also been a bad CPO harvest.

Overall, it's a step in the right direction, but yes a long way to go before we collect our (previously promised) "annuity".

If the BOD are still on good terms, and bridges were not irreconcilably broken previously, perhaps Norpalm Ghana would be interested in taking over the CPO mill?

Unsurprisingly, only £115,601 raised of the £300,000 retail offer.

Evening fk1, no way.

I should have listened to your 17p price target, which will shortly become £170 in new money after the suggested 1:100 conversion following the earlier 1:10 conversion.

Are you going to the AGM this time? Hopefully somebody will to hold their feet to the proverbial fire.

Dbentley, you speak a lot of sense, as usual.

The cost of doubling the cashew facility from what will shortly be 15,000 tonnes (with the extra shift pattern and capex of €175k) up to the much-vaunted 30,000 tonnes is less under €2 million, so again those numbers seem plausible.

Danny, with debt starting to fall and the company now moving to break-even, a share price recovery is plausible, especially as cash flow improves and refinancing stings fade.

But there now needs to be a step change in BOD attitude, it's last chance saloon.

Wipe the slate clean. Let's have an apology at the AGM for previous issues and how things will improve moving forward. Stop the nonsense like pretending facilities are smaller than they actually are in order to make RNS's look better. Stop trying to pull the wool over the markets eyes with nonsense like rubber factories/fertiliser experiments/renewable power and get back to basics. Pretending the cashew facility was weeks/months away from production (for 4 years, no less and we're still not there) was not a good look.

Meanwhile, about 200 miles to the east, Norpalm Ghana goes from strength to strength.

Thanks b2g, yes so that's going from around 560 million to 1 billion shares issued to raise £2 million. Wow.

I did note this - "Taken into account in the figures stated above in respect of the Subscription, certain Directors have indicated an intention to subscribe for new Ordinary Shares as part of the Directors' Subscription as and when the Company ceases to be in a closed period."

The closed period will, presumably, end on June 30th when the results are announced.

No prizes for guessing when the Retail Offer closes; 1 July!

How many shares are they going to be issuing for that £2 million, is it 40 million or 400 million?

Yes, "Dekel Agri-Vision Announces £2 Million Fundraising and Debt Restructuring"

Dekel Agri-Vision plans to raise £2 million to strengthen its balance sheet.

The company is restructuring debt to align with projected cash flows for stability.

Current Market Cap: £4.91M

How many shares will be in

Morning fk1, yes and the 2024 accounts by law have to be released by the end of play on Monday 30th. Those, we already know, are not going to be very palatable.

Yet again, the same as last year, retail holders getting itchy because they know what happens next if those accounts are not released.

Looking on the bright side, we should be just a fortnight away from a positive cashew update around July 10th.

HarChris, putting aside EBITDA and focussing on the bottom line, the estimated profit after tax for the whole company in 2026E is €0.5 million.

That should be the first profit after tax for around 7 or 8 years, from memory.

There's another estimated loss in the current year 2025E of -1.3, compared to 2024E -3.5 due in accounts next week and 2023A -4.5, 2022A -1.3

I think all of the above figures are from prior to the announcement of the upcoming increase in cashews to 15k tonnes, from 10k tonnes.

The debt should peak in the accounts due next week around -€30 million, falling to -€28.5 by Dec 2025E and -€26 million in Dec 2026E.

DYOR.