Member Info for philpot1001

Regarding q4 TT my opinion on everything iofe is plan for the worst and hope for the best.... I'm collecting funds for a worst case scenario to avg down. Personally I'd say the sub 10p is a priced in poor q4, I think this will recover +11p maybe even 12p before the next results and if q4 is poor we may see sub 10p again..... at which point I'll buy in... if not and they are reasonable, then all good! Out of interest, I'm assuming the poor q3 was a consequence of el nino, if that's the case wouldn't you expect a similar q4 given conditions between q3 and q4 wouldn't be conducive for a recovery?

Missed off a 4th option of course, sit tight and do nothing if funds are tight.

Chill TT, these bad times are transient, it will recover and so will the SP. You can use these bad times in one of 3 ways, sell up, short, or average down. Pays your money, takes your choice. Which one are you?

If this q3 result had been in different circumstances we wouldn't even be having this conversation and the SP would be nearer 13p, and you could begin your short TT. As it is we've had a duff q3 and potentially a looming duff q4, after that all things being equal we should be back on track. I dont think many of us long termers here believed in any of this 30p stuff banded around, im personally happy to hold for 10.years, take the divi and use any over reaction dips below 10p to average down. Beats being in a bank account..

Yeah seems a bit fishy with the other trades cat, shame lol ;)

PS be wary of that 11p buy, it seems to have been timed at first thing this morning and is out of kilter with the other trades

Certainly if you look at the moving average over 3 years anything under 10p screams buy in my opinion, indeed under 12p looks good.

seems tight at the minute, just tried a dummy sell and got 10.25p, cant do a dummy buy as im skint, but seemingly anything above 10.31 is a buy

Excuse the typos - I'm on my poxy phone

For me the only workable mitigation I can think of is increasing storage further and somehow maxing production during the good times.... but I guess they are doing all they can on that front. How long and the product be stored For - few months, or longer?

To be fair I'm not sure going further afield would help FK? Assuming the growth ******ation is So Nino wouldn't nearly all CPO producers be similarly affected? Or am I making an assumption too far? Certainly I would have expected to have to go MUCH further afield, such as away from West Africa entirely

yikes - plus 35%, gotta love that!

Here here FK, I've been banging on about this since they rumoured norpalm.... get the freakin main base at full operation before messing around trying to become a "multi hundred million pound MCAP" by non organic expansion!

wondering what initiatives mentioned are going to be? If they are to be in place for the next peak harvest, they are going to have to get a shimmy on..... "We intend to utilise the remainder of the low season to embark on further value-adding initiatives in time for the start of the next peak harvesting period"

I scratched around behind the car seats and found £800, so topped up at 9.88p as I believe (hope) this is a market over reaction from people expecting 30p by November. I'm mostly annoyed by the disingenuous statements in the interims that everything was OK, they plainly knew there were issues. This does affect the trust I have in the BOD TBH

I think it's worth noting that a few years ago this was 0.95p (equiv 9.5p), with debt with worse terms, no profits, nowhere near the mitigating infrastructure we now have and a thoroughly worse situation overall.... this company is turning profit and paying dividends.....not trying to cover up the poor figures / issues here, but it's worth bearing in mind in my opinion

I guess our next issue is how bad are the q4 figs going to be, having said that I think today has seen a bit of a market over reaction so should be pricing in expectation of poor q4 figures

Juts putting a bit more of a light note on this.... if this is a consequence of El Nino, the question becomes how regularly does IC see effects from.this, if it's a once a decade event now is buy time..... if it's every couple of years that's going to hammer DKL .... I honestly don't know the answer? Anyone?

I would normally be gathering at these prices but I'm brassic! And everything in invested in at present is down lol, curse my skintness

looks like TT may have nailed it in that the year following El Nino can be poor, feeling very deflated today TBH. Cursing topping up at 12p now