Dekel Agri-Vision (DI) (DKL)

Sector:

Food

Index:

FTSE AIM All-Share

 4.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 6.00
  • 52 Week Low: 2.10
  • Currency: UK Pounds
  • Shares Issued: 535.86m
  • Volume: 479,244
  • Market Cap: £25.45m
  • RiskGrade: 118
  • Beta: 0.00

Dekel Agri-Vision reports bumper production and sales in first half

By Josh White

Date: Friday 09 Jul 2021

LONDON (ShareCast) - (Sharecast News) - West Africa-focussed agriculture company Dekel Agri-Vision updated the market on production at its wholly-owned Ayenouan palm oil project in Côte d'Ivoire for the six months ended 30 June on Friday.
The AIM-traded firm said crude palm oil production in June was up 12.6% year-on-year at 2,638 tonnes, bringing cumulative crude production for the first half to 26,515 tonnes, up 11.0% over the prior year.

A total of 4,822 tonnes of crude palm oil was sold in June, making for a 97.3% increase over June 2020, making for cumulative sales of 24,784 tonnes in the first half, ahead 3.7% over 12 months earlier.

Dekel also announced an 82.3% increase in average realised crude palm oil prices to €915 per tonne in June - a record monthly price for the company.

The firm said that made for an average realised crude price for the first half of €817 per tonne, 35.7% higher than the €602 per tonne it achieved in the first half of 2020.

Finally, Dekel said its financial results for the six month period were expected to "significantly surpass" the prior year.

"The overall company performance in the first half is arguably our strongest since joining the London AIM market," said executive chairman Lincoln Moore.

"The strong palm oil high season, significant advance of the cashew processing plant towards first production and substantial strengthening of our balance sheet via the capital injections have put the company in an excellent position moving forward."

Moore said that in particular, credit should be given to the operations team for delivering a "strong" palm oil high season, to ensure the company capitalised on the current multi-year high crude palm oil prices.

"We look forward to the next six to 12 months with great optimism, for a further step up in the company's operational and financial growth."

At 1541 BST, shares in Dekel Agri-Vision were up 4.04% at 4.89p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

DKL Market Data

Currency UK Pounds
Share Price 4.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 6.00
52 Week Low 2.10
Volume 479,244
Shares Issued 535.86m
Market Cap £25.45m
Beta 0.00
RiskGrade 118

DKL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
64.29% below the sector average64.29% below the sector average64.29% below the sector average64.29% below the sector average64.29% below the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
93.33% above the sector average93.33% above the sector average93.33% above the sector average93.33% above the sector average93.33% above the sector average
Income Not Available
Growth
Market averageMarket averageMarket averageMarket averageMarket average
3.45% above the sector average3.45% above the sector average3.45% above the sector average3.45% above the sector average3.45% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
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DKL Dividends

  Latest Previous
  Final
Ex-Div 13-Jul-17
Paid 04-Sep-17
Amount 0.17p

Trades for 15-Oct-2021

Time Volume / Share Price
16:20 50,000 @ 4.80p
15:26 99,573 @ 4.78p
10:32 200,000 @ 4.80p
10:44 20,925 @ 4.78p
09:53 20,924 @ 4.78p

DKL Key Personnel

CEO Youval Rasin
CFO Yehoshua Shai Kol

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