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CPO production has almost doubled since December.

With high CPO prices, this is looking good for the months to come.

This is now way oversold.

£68k trades yesterday.

Yeah, I've followed them before.

Sad to see GEMD this low.

Just goes to show how dead AIM market in this era.

No-name companies listed on the NYSE however are trading significantly higher to their performance.

There seems to be interest at this price point at least.

10 trades is 1 more than full year results day!! And twice the volume.

Now would be the best time for somebody to quietly load up (or sell up) shares.

Ultimately, the market decides.

Also, capacity of CPO mill might be restricted due to availability of FFB.

Last 2 months have been horrendous for yield.

Production is only as good as availability of raw products. If the raw products availability and the performance of machines were above expectations, we can also expect production to be.

DKL have not communicated any issues with production of CPO other than low season availability of FFB.

Hi jk,

I have been invested here at a little over 6 months and have read past history up to 2 years ago.

Anything further is very historical and the share price has paid the price for this.

I was already invested when the accounts got delayed last year. But, this isn't something new, it happens to a lot of companies and the reasons are always difficult to determine. Having said that, there were no suspensions here as the accounts was posted afterhours.

The sentiment here is extremely low, but significant progress has been made (or at least in the 6 months I've been invested).

Appreciate that promises are being broken by directors, but the company and the operations are certainly in better shape than the past.

The loss due to share price is more due to lack of volume and sentiment in my opinion. However, there has been activity today which suggests that people are willing to buy at this price point.

It's always nice to see director buys. But we can't say that they do not have shares at all. A significant portion of the shares have been in the hands of directors for a long time.

Appreciate that revenue isn't everything, especially with debt almost as much as revenue here...

But is anybody aware of any other companies listed in London that has a revenue of £25m+ but a market cap at a 1/3 or lower?

Thanks rugs.

I wonder if that list is still true as it was from almost a year ago.

Giving that 60% of the shares are with major shareholders, there still doesn't seem to be any volume of the remaining 40%.

Wonder if there will be additional build up of stake, or sale in the near future following the recent full year update.

800k volume on full year operational results day was pathetic tbh.

Maybe structure hasn't changed much.

There has been a single holdings RNS issued since last year.

Will be interesting to see if the major shareholders have changed since last year.

Hopefully some II's see the potential value here over the coming months.

We do have cashews in stock.

But not enough to run at full capacity.

If anything will be running at 60-70% over the next 6-8 weeks.

Hopefully CPO production improves imminently!

Can you share the Zeus research?

Agree. Always a risk with production, and there are a lot of variables that cannot be controlled by DKL.

In general, AIM markets are dead with minimal volume. However, significant opportunities to be found should there be any sort of rebirth in significant investment in AIM.

All the best.

My concern also HarChris.

Currently as it stands with profitability from cashews, in normal operation, DKL has the potential to clear debts at $3m/year.

In a good year, this could be upwards towards $5m/year.

So can be controlled should 2025 be an incredible year:

- High CPO production

- High CPO prices

- High cashew production

- High cashew price

Jk,

Appreciate that there has been manipulation and failures in the past.

In fact, if you compare year on production figures, the figures aren't that great 2024.

However, there is substantial evidence of EBITDA doubling in 2025.

Also, it's not just DKL that has barely moved on good news. The AIM market investment has dropped off a cliff. Nobody is buying into these extremely undervalued shares as they would just sit on an S&P500 tracker instead.

However, I believe this share is extremely undervalued at £8m market cap and it's time will come in the near future.

2024 FY Production Estimates:

Production of CPO: 32800 tonnes

Average CPO Price per tonne: 790 EUR

RCN Processed: ~1670 tonnes

Cashew Produced: ~380 tonnes

Whole Peeled price: $4500/tonne

Whole Unpeeled price: $3500/tonne

Last year when full year production stats were released, the share price dropped 20% due to underperforming cashews and the requirement to invest in new equipment and costs.

This year, the cashew performance has recently improved and CPO is more or less consistent (albeit less production than last year).

Will be interesting to see market reaction, especially as the cashew business has flipped (although only for December) to positive cash flow.

2025 looks very promising and will likely provide Dekel with decent EBITDA to put this business back in spotlight.

Everything is looking good for DKL at the moment. This company is now producing over 40 million EUR in revenue FY, and the market cap is £8mill (9.5mill EUR). Incredible.

They have liquidity currently with the recent loan, debt will start to be paid off with cashews delivering FCF along with CPO.

Looking for other companies in similar position that have depressed share price and struggling to find.

December update is on Tuesday.

Share price and chart in a good position currently.

CPO prices are close to 1200 USD/tonne.

This is now a profitable company with MATERIAL news due in December on production and price per tonne on palm oil.

Not to mention profitability on cashews.

Everything has been stated in RNS's.

Definitely a BUY!

The suspicious late trades on Friday.. is likely due to a potentially leak.

We are in AIM so not surprised at all..

Just the following points will have significantly reduced cashburn for this company:

"Peeling rates have increased from 55% to 80% for all grades of cashews

o Whole vs broken rates have increased from 70% to 90% for all grades of cashews

o Daily Raw Cashew nut processing rates have increased from 6 tonnes to over 10 tonnes per day"

Hope that this is reflected in the share price as significantly undervalued currently!