Member Info for Slift

JMAX,

Tullow had walked away from multiple prospects with huge potential.

Orinduik..

Jamaica..

Namibia..

List goes on.

And nothing else to replace these exits with. What a shame really.

Own close to 3% here.

There is a significant uptick in palm oil demand recently.

Even without the cashews, this should be moving up.

There are several parties trying to take advantage of the low volume here.

Cashews will be a significant bonus on top.

HOLD.

Agreed.

$EUR 40m revenue company on sale for £6m.

The word needs to get out.

Incredible how we have had 2 major RNS's recently and there are more chats here than trades..

No sells.. no buys.. no interest from investors

I'm very confident here.

There is significant value in Capro if they can get it going like they have with Palm Oil.

Just need to hope that they can control costs until they are profitable with Capro.

Actually, I'd say the financial position hasn't improved nor deteriorated. Mainly thanks to CPO performance.

The balance sheet however has deteriorated slightly due to depreciation in assets from the machines. These losses can be offset against future profits.

Clearly you want a lower price to buy in. Good luck though!

Our time will come HarChris, sooner rather than later.

Even little interest here will be very supportive of SP increase.

International CPO prices are on the up again slightly which also bodes well for cash flow.

I'll be holding here with confidence.

There is a difference between "net debt", "total debt" and "liabilities".

Total debt as of YE23 is EUR 30.5m.

Debt has actually been reducing and has reduced over the past 6 months also.

The maths you did and manipulation of accounts makes no sense lol.

EUR 30.5m total debt actually at YE23 (including for the recent loan)

With more paid down over the past 6 months.

I'd imagine we are around EUR 28-29m currently in July (including the recent loan)

But it's all in positive direction and the debt is more than manageable currently.

Yes, understand that there is a big risk if Cashews don't work, but huge upside if it does also.

The Dekel Palm Oil is a EUR 4-5m EBITDA business.

If they can sort out cashews, it will likely add another EUR 2m EBITDA.

All of a sudden, the company will pay back the market cap in a year..

Was hoping the share price had picked up past 1.2p this week for HY update.

But there has been no trades here.. since 1.5p, the volume has dropped off significantly and each day it had dropped on no volume.

Why is there no interest here?

Bought more shares today. Not showing up on trade.

The directors are outside closed period for trades also.

Hopefully they buy shares here to show confidence.

£31.5m in revenue and this company is looking very cheap.

The results are interesting. Mainly the debt deferral and new loan. In total around 3.2m EUR.

Debt payments this year as reported in Dec 23 is around 11m Euros.

So hopefully cash costs with cashew has been more managed this year and cashflow from palm has been decent.

Even if the business has to raise or take out another 3m loan, the overall debt reduction will be welcomed by the market.

Be interesting to see if H1 24 confirms the above. But interim results isn't till Sept.

Personally don't think results are as bad as people make it out to be.

Highlights:

- Good performance from CPO business.

- Cashew machines are being delivered very soon.

- Debt has come down from previous year (maybe not as much as people expected)

- Some debt has been deferred.

- New debt (loan) is available to pay other debt obligations this year.

Also not to mention that historically FY results are announced end of June.

Potentially we will get the FY results this week.

Bought a small stake here.

Expect to see debt come down a little on the Half Year results.

If the cashew machine delivery was early June, installation is probably already underway. Potentially see improvements as early as July!

Lincoln Moore commented that he was "impatient" to announce the results next month and that the company performance is well within market expectations.

This cash generative business is looking very undervalued.

Slift.

Lots of volume.

Takeover bid maybe?

ADR is up 300%.

End of the month with CPI looking to post a bullish dojo star on the monthly.

Looks promising here for the next couple weeks.

Taken a decent stake here.

GLA.

There's been some significant oil discoveries in Namibia lately.

Tullow once owned majority stake in PEL90 (now majority owner being Chevron having bought 80% for $100m).

Tullow also owned majority stake in PEL37.

Where would Tullow be had they kept their stake? Rather than exiting.

I sold out on Friday when I read D4E. To me, this is a huge risk.

For those that really want to be in this company to win, I would look at buying the PFC bonds.

I had queried this with HL on Monday as I am definitely interested in buying these bonds as see significant value (in comparison to shares). However, HL do not trade in these bonds.

So those that are looking to buy back after D4E, you're better off buying the bonds right now (in my opinion of course).

Regarding LTH with shares, one thing that I did note in the latest RNS is that whilst a "significant portion" of debt is to be exchanged for equity, there was no mention of "significant dilution for shareholders" or "little value left for shareholders". There will be dilution, but I don't think that the D4E will be at 4p as some suggested. That along with investors also taking equity stake provides some sort of confidence for shareholders. Currently, shareholders own £107m of market cap on this company. Whilst shareholders will be shafted a little bit, in my opinion, my take on the latest RNS is not as bad as some think.

IMHO, D4E and equity raise will be at over 10p.

GLA that stay in, and hope that this works out for you.