Member Info for jk400

I think DKL are usually pretty good on getting results out in a timely fashion. LJM seems fairly good on housekeeping. The results release dates have slipped back - over the last year or so - towards the middle of the month following each quarter. I would say the Q3 results are only late if they're not released tomorrow. These later release dates provide "forward guidance" for the start of a quarter, but as FK1 pointed out, this is nothing more than window dressing, ala Laurence Llewelyn Bowen/Gok Wan and isn't really of much use at all.

Morning Phil, even more pressing is the forward guidance for the first 2 weeks of Q4! Not expecting this, and/or Q3 figures, now until Monday/Tuesday at 7am.

Well, the BOD have been carrying out due diligence since at least May (when it became public), and probably before. We can only trust their conclusions and judgement as to the best way to move forward, one way or the other.

15p (or 1.5p in old money for this "penny share") support would be a good starting point before moving on to �1.50p

I'm going for tomorrow for the Q3 numbers. They usually seem to be released on Tuesdays, to tie in with an associated puff piece on the Justin Waite podcast.

Morning FK1, on the Shareholder Analysis page of the dekeloil website it says last updated 27 July 2017, so before the AGM. There was even an RNS if you remember on 7th September 2017 about Miton's holdings in the company going past 16%. That hasn't been updated either.

That's 20000 - 50000 pounds, not shares.

The modus operandi of dumper is a big hit of about �20000 - �50000 on the day of an RNS, especially positive news. Today was just our usual retail sellers with itchy trigger fingers taking whatever price their broker offered.

FK1, I am in agreement re share buyback. I have thought for some time that we now have too many issued. I don't think the 10 for 1 consolidation did us any favours either. In theory (and practice) it makes no difference, but we have the psychological effect of a move from 12p to 17p seeming a lot higher jump than that from 1.2p to 1.7p I don't think we'll see any significant change in the SP until the Norpalm situation is completed, one way or the other. We are probably being held back due to concerns over whether the deal will involve any more debt or issuing of additional shares - although we have been promised that this is not neccessary and existing funds will be used. If Norpalm doesn't go ahead, then consideration should be given that any freed up funds are given back to shareholders in the form of a special dividend.

Yes, an illogical fellow is one way to describe our persistent seller. My opinion is that they are stocking up again on the way down and the board / outside factors keep giving them an opportunity to do so.

Thanks, for those not able to listen until later, highlights of puff piece were: Second boiler construction almost complete, close to zero down days expected next year. Should hear news re Norpalm before the end of the year. 3 x Asset bases [Ayanouan, Ghana, Guitry] would potentially be worth in the "hundreds of millions which dwarfs current market cap".

Just further to that, on the Norpalm Ghana website - "NGL is owned 68.6% by NOPA, the remaining shares owned by PZ Cussons Ghana Ltd., NOPA�s partner in Ghana since year 2003." NGL=Norpalm Ghana Limited NOPA=Norpalm AS PZ Cussons Ghana Ltd=A subsidiary of PZ Cussons, listed on the stock index of the Ghana Stock Exchange AS=A Norwegian Public Limited Company (PLC)

According to the original 10th May RNS: The Board confirms that it is in discussions with both the board of Norpalm AS and certain Norpalm AS shareholders in relation to the potential acquisition of all or the majority of the shares in Norpalm by DekelOil (the 'Potential Transaction'). Norpalm AS holds 68.6 per cent. of Norpalm.

Morning smiling, well Norpalm will take as long as it takes. LJM said somewhere that it would be RNS'd if the deal wasn't going ahead, so we'll know one way or the other as soon as necessary. The longer it takes the better really as it means the board is doing due diligence. We have 2 upcoming RNS's in the form of H1 half year accounts and Q3 results. Both of these due I would say in the next month or so, although the H1 accounts may get pushed back because of a) Norpalm and b) the 2016 full year results were also later than previous years. These results should certainly be worth waiting for as they are the first whereby we own 100% rather than 51%, plus also EURO/GBP exchange rate, etc. As for DKL SP, we've drifted downwards both this summer and last summer because of poor Q2's both years and persistent selling/dumping once the SP reaches 13.25p (which is a break even point for a lot of holders, albeit it would appear not to be Biopalm as first thought). We need a period of sustained positive news flow to reach your very realistic, possibly even conservative, targets.

Morning FK1, yes a lot of these trades are still possibly divi reinvestments as my DRIP only went through properly this morning at 12.1p, albeit not shown on the trades yet. It's a shame that the board ruled out any interim/special divis for this year at the AGM, but perhaps this could be looked at again if Norpalm doesn't go ahead?

Phil, I haven't received non-scrip divi yet either, but this often comes through the day after the dividend payment date which is today, i.e. expecting it tomorrow. It would appear that 28% of shareholders took the scrip option.

Good price of 11.8p for anybody who managed to fathom out the scrip procedure. Monday (4th) was the dividend payment date so it should be interesting to see what (if any) affect this has when automatically reinvested money comes in to this illiquid stock.

Optiva's forecast for 2017 (albeit made in July 2016) if we owned 100% of the plant, which we now do, was €7.9 million post tax profit. https://www.youtube.com/watch?v=ltjaYt59rnc Those forecasts were based on 1.27 GBP to Euro conversion, currently 1.08 We've also had a very good Q1 since then. The interims to be released shortly, which are the first whereby we own 100% of the plant, should make very interesting reading.

Morning fk1, well MP Evans are RNSing more-or-less every day the transactions from the previous day. This, since they started buyback after the failed KLK takeover.

Another buy reiteration from Beaufort this morning - 23p. Thanks to all re agm info.