Member Info for jk400

I forgot to mention in the last post that there's also been a 25% increase in capacity in time for this high season to 75 tonnes per hour.

Evening blue2guit, the problem is that in the past year we have seen three major problems: The first being the plant having broken down during "high season" (now rectified and a second boiler on stream for such an occurrence - already ordered before the breakdown). The second being a very poor Q3. The third being a complete mess having been made of the Q3 RNS with an accounting error and it having to be reissued. On the other hand, we saw an exceptional (record) Q4, the second boiler is now up and running, debt repayments have been cut (see latest RNS, which appears to have caused this latest mini sell-off), and so on. We are only a few weeks away from the Q1 results, full 2017 results, divi announcement, etc. We often get these itchy trigger finger sales due to lack of news flow, or profit taking when we ended up down at 8p. As I suggested a few months back, the company really should be switching to a monthly RNS based on a delayed 3 month reporting methodology to allow for more constant newsflow. In other words, we are in the middle of March, in an ideal world, this week we should be seeing the 3 monthly figures for December/January/February combined, together with forward guidance for early March. April should be January/February/March, May being February/March/April, June = March/April/May....and so on. Instead, we have to wait until the middle of April to see what happened in January.

Simply Wall Street suggesting "intrinsic value of the stock" is 62p - 66p! (Troublingtimes, not 6p!) https://simplywall.st/stocks/gb/food-beverage-tobacco/aim-dkl/dekeloil-shares/news/should-you-buy-dekeloil-public-limited-londkl-now/ https://simplywall.st/stocks/gb/food-beverage-tobacco/aim-dkl/dekeloil-shares#038;?unique_symbol=AIM:DKL&l=1&t=gvzvat&s=1&id=258792

Thanks cjgoldsmith. The link is the website address, followed by /share-news/dekeloil-plc-aimdkl-interview-executive-director-lincoln-moore/ Highlights: High season now "six months"! Norpalm talks still ongoing, but "not losing any sleep over it". Looking in to M&A in areas "other than palm oil" in Ivory Coast. News re what the cash is being used for - "don't want to put a timeframe on it", but "one or more things over the next little period".

I seem to remember there was a small scale sell off after the last debt renegotiation too, so would assume that anything to do with the subject startles some investors.

Morning Phil, no sorry I'm not a shareholder!

There was another update on the Norpalm website last week, only the second since last summer. It's behind the shareholders login again though. Good to see some serious buying in bulk this week

...and with Q4 2017 being such a great quarter - so much that it literally left troublingtimes speechless - perhaps the high season now begins in October?

Excellent, and even better - for the attention of FK1 - the high season is now "January to June"!

Remember troublemaker/times said that anything above 5000t [for Q4] and he would "have to rethink [his] understanding of the business". Actual figure was 7055 tonnes. Although this was a (pleasant) surprise for all of us, given the record figures of Q1 and what would have been a very good Q2 (without the machinery issues), then the Q4 figures shouldn't really be that much of a surprise with the crops now starting to mature. Apart from the poor low season Q3, and subsequent school boy error with the RNS numbers, it certainly hasn't been the harvest that has let us down this year.

https://www.youtube.com/watch?v=VeJe2cV5eaA

DekelOil (BUY) � A return to form DKL LN (8.9p, TP 24p), Market Cap: �27m (Corporate Stock) Our view: A stronger Q4 shows DekelOil back on track in our view following earlier one-off mechanical issues. The ability to secure premium prices is also apparent. The company is now set to complete the planned capacity increase at the Ayenouan mill ahead of the peak harvesting season starting in February. The production numbers and underlying return to form give us confidence that this will drive growth at least in line with our forecasts and we reiterate our BUY recommendation and target price of 24p. � Q4 rebound in production � DekelOil has released its full year production update showing a healthy rebound in Q4 CPO production and sales delivering the company�s highest Q4 CPO , reversing the weaker data seen in Q3 and delivering overall production broadly in line with 2016 at 38,736 tonnes. Sales of CPO were 38,378 t, slightly ahead of our forecast 38,085t. Pricing was also stronger with the company averaging �680/t in the full year ahead of our �665/t forecast and we estimate that this represents a premium to the Rotterdam CPO price of 7%. Palm kernel and palm cake production and sales were slightly lower than last year but again prices were stronger than expected with palm kernel oil showing particular gains. � Return to form ahead of capacity increase � The results reflect a return to normal operations following one off mechanical issues earlier in the year. The CPO extraction rate has been a little lower than in previous years at 22.6% compared to 22.9% in 2016. While this is good for the Cote d�Ivoire, a lower oil content is thought to be due to the processing of slightly younger fruit following heavy planting over the last 5-7 years. The extraction rate should be expected to rise again with plant maturity. The company is now set to increase capacity at the Ayenouan mill to 75 tonnes per hour from 60 and the new capacity will be in place ahead of the peak harvesting season starting in February. � Valuation reflects cashflows � We value DekelOil on a DCF basis with a cost of equity of 15% and cost of debt of 10%. This gives us a target price of 24p. The principal risks to our valuation are volatility in the CPO price and production volumes.

Highlights: April/May for full year results, as usual. Divi expected to continue, progressive growth. Second boiler "imminent". Nursery equipment on site at Guitry, installation this year. Norpalm talks still ongoing. Aiming for "solid periods of production growth" in Q1/Q2

https://audioboom.com/posts/6600238-lincoln-moore-of-dekeloil-aim-dkl-discusses-today-s-record-q4-figures

troublemaker/times, please stop talking the company down at every opportunity and keep any conjecture based on fact.

FK1, the update has been made. 118 days after the promise, it's now correct as of the 28th November. Biopalm still hold all 35,455,111 shares issued on 9th Jan 2017 at 13.25p, so they were/are not the lesser spotted Dumper Dude v2.0 in action after the Q1 results.

Afternoon all, the end of the year timescale was in one of LJM’s puff pieces, so make of that what you will.

Morning Phil, I don't know if this means anything, but the other day a news update appeared on the Norpalm Ghana website for the first time since June. Unfortunately, it's behind a password for shareholders only. All the other news updates re DKL were quickly removed around the time of the RNS about negotiations taking place. We could do with the Norpalm web people being included in the deal to then do the DKL website, as it's now 117 days since the promised updates.

More chunky buys going through this morning from gathering guy.

Thanks rivaldo, a very good puff piece and certainly worth the hassle of getting it to play! I suspect the buying this week and improved sentiment has been driven almost exclusively by that puff piece. Definitely worth a watch.