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Highlights from the puff piece:

"Probably one of the most material announcements that we've made as a public company, probably up there with first profitability and first dividend." - referring to RNS on cashew business.

"Small dividend in terms of where we want to head in the next 3-5 years, but it's already a 2.5% yield" - NOT for long term shareholders!

Think that's about it. Plenty to digest.

Shai answering some questions related to accounts and maintenance, but difficult to hear.
Expensive mantenance last year unlikely to be repeated.
Good relationship with banks.
Improved loan financing, etc.

Don't take any of this as gospel due to quality of line. DYOR.

Lincoln now back talking about cashew business.
Better for Dekel to sit and wait at zero cost and come in at the appropriate time.
One of the questions was about acquisition finance, but can't really give details at the moment.
Expecting a better year next year in palm oil business.
E-mail any other questions or telephone to Lincoln.

Final comments on Guitry
Nursery equipment sits on site in Ayanouan.
Ground preperation works.
10,000 hectares. 30,000 mill, 60,000 expansion.
Interest from a couple of groups funding at project level. More details expected in the next couple of months.

lincoln@dekeloil.com

Audio recording of the conference call will be made available on the Dekeloil website.

End of conference call.

Lincoln:
Moderate to weak pricing conditions at present. 20% swing against us in Nov/Dec. $650 average.
If crude gets to/stays at $80 per barrel, demand for CPO increases in Asia significantly.
Hope to extract premium pricing towards end of this year.

Shai:
Possible regulatory changes in Ivory Coast regarding collection of FFB's, won't affect Dekeloil - "may be positive for us".
Sounds like it's to stop cowboys (my word) from collecting FFB's from smallholders and paying cash.

Lincoln:
Should have had 42,000-43,000 tonnes in 2017 if no problems with mill.
December 2017 and January 2018 were both record months for FFB's.
Very strong year expected after a lull year. Tree goes through "stress" (???)- dificult to hear exact wording, call quality bad at that moment.
Explaining pricing model again, nothing new.

Then repeated some of the RNS re cashew.
Went through fine details of presentation on dekeloil.com
(Nothing of note that isn't in the presentation at first glance)
Shai Kol (Deputy CEO and Chief Financial Officer) on a poor line repeating RNS 2017 accounts details.
(Nothing of note that wasn't in the RNS last week or we don't already know)
Moving on to questions now.

So far:
1970's music, "your host is Lincoln Moore"
22 page presentation on dekeloil.com under Investors, Reports.
50-60 questions submitted by shareholders. Answered later.
No more/little investment needed at Ayanouan.
Guitry medium-long term, hence Cashew
Norpalm "not closed off yet".

Conveniently, the questions had to be submitted in advance by email. All lines "will be muted with the exception of Company management"!!!

Apparently at 2pm, just dial 0808 109 0701 and "enter participant pin 8289687# when prompted to do so".

Looks like a freephone number, so presumably the phone company will be issued shares in lieu of payment.

FK1, hoping to get an answer on some of these points in the conference call shortly.

Looking forward to the conference call today at 2pm.

Will only be around for the first 30 minutes or so though, so if there are any highlights after this hopefully somebody will be kind enough to post! Thanks

Morning Phil, just looking at what was lost during the downtime last year (3500-4000 tonnes), and comparing this to what was 'lost' during the lower harvest in Q1 this year. Bearing in mind Q1 (and Q4) was a record quarter last year.

All things being equal, which they're not as more of the crop will now be at maturing age, I agree it should all even itself out to end up with a normal quarter. It would have to be a disasterous harvest to drop even more than what was lost in Q2 last year.

I agree Phil, as long as they haven't taken their eye off the ball again.

Q2 last year included the downtime at the mill, so there should be a natural tick up off the back of this all things being equal. Ditto Q3. Our main concern at the moment is weather/supply.

Very good FK1. :)

Phil, that might explain the lacklustre response then, if only we know about it! Either that, or the market thinks it is another Norpalm.

We'll know, as always, with the accompanying puff piece later on.

There is a small nugget at the end of the RNS which I am trying to get my head around - "If there is a change of control of DekelOil at a valuation of less than 12x the EBITDA of DekelOil within 3 years of completion of the option being exercised..." EBITDA in 2016 was €4.1m, so 12x = €49.2m

We should have a tranche of at least 4 upcoming (positive?) RNS's in short order. The 2017 accounts have to be released by Friday (rule 19), after that divi news, AGM, Q2 results. Also awaiting further news on Norpalm (!) and Guitry.

https://www.investegate.co.uk/dekeloil-plc--dkl-/rns/option-to-acquire-majority-interest-in-cashew-co-/201806260700055276S/ It’s actually an option to acquire a majority interest upon reading it properly. Invest e gate if that link doesn’t work.

Cashew nuts, still digesting the RNS - a truly ‘transformative’ acquisition. This should get the SP moving back in the right direction. Back to strong buy for me. GLA, DYOR.

RainbowRider, a 'progressive' dividend was introduced last year.

If the divi does not carry on this year, then the low SP will be even lower - very quickly indeed.

The SP at the moment is a joke. It's lower now than before the mill had even been built, production being started, generating profits, increasing holding from 51% to 86% to 100%, building a secondary/backup boiler, increasing capacity to 75 tonnes per hour and now, paying a dividend.

Also Divi news shortly afterwards. How about a special dividend on top for long suffering shareholders? More seriously, good to see some good gathering going on this week. It will all count for nothing though unless the BOD have pulled their finger out these past 2-3 months.

Good to see gathering guy helping us out this morning after a few nasty dumps.

Remember, we've had a record Q1 2017 and Q4 2017. We just need good consecutive quarters. After the lows of last year's Q2 and Q3, you would expect to naturally have some positive news. If it's worse than those, we really are in trouble. The biggest issue here (other than lack of supply) is downward drifting, mainly through lack of newsflow. I've said before that there should be RNS's each month for production numbers. Any concerns over investors concentrating on one month's figures could be allayed by averaging these over 3 months, on a one month delay. June 1st showing figures for March/April/May. July 1st giving April/May/June, and so on. It might mean more work for somebody, but anything has to be better than what we have at present.

The Q2 results HAVE to be good. If Norpalm isn't happening, let's see a special dividend for long suffering shareholders in addition to the progressive dividend. One good thing, at these ridiculous prices, we are well and truly a possible takeover target. Even more so than before.

This retail dumping is killing us, the board needs to get a grip and fast. NOT happy.

Whatever the EGM was about must have been fairly urgent as the AGM is June 1st. That’s the only update on their website.