Communications13 Sep 2018 10:44
Aside from the lousy numbers, which come as no real surprise, it is evident DKL needs do much more to improve information flow and investor relations. ( Just what do St Brides do ??)
Lincoln is pretty good at responding to individual emails but this does not necessarily get the message across to all shareholders. We know he reads this board so is aware of our frustration. He has suggested that he is willing respond to a regular Q&A (Fortnightly/Monthly) via a regular contributer on this board in an attempt provide better clarity on developments which don't require an RNS.
The news this morning of the cancellation of the dividend makes sense as many were questioning the ability of DKL to meet all its financial commitments (loan repayments etc etc) and still pay a divi.
But, we need now hear more about:
Norpalm. Dead or just dying slowly ?
Guitry. Any progress whatsoever on financing ?
Ayenouan. How is our own plantation progressing ? Trees reaching maturity ? What proportion of total ffb likely from them in 2018 ? How about some photos ?
Tiebissou. Sounds promising. Capro owned by Pearlside. Pearlside owned by Trustland. Who is Trustland ? What does this biz really mean for the private DKL shareholders ?
Director buys: Why have they not bought more shares ?
AGM. When ?
I fully understand DKL cannot release price-sensitive info or comercially-secret info to individual shareholders but they certinly need keep us better informed on what is really happening. Many lt holders have refrained from posting recently because there is nothing for us to say and too many negative comments are simply counterproductive. DKL needs to be more upfront with its loyal shareholders or else we will lose trust in the management.
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