Proactiveinvestors United Kingdom - Agribusiness RSS feed Proactiveinvestors United Kingdom - Agribusiness feed en Thu, 22 Feb 2018 19:09:09 +0000 Genera CMS Obtala tops up coffers with additional fund raise Mon, 05 Feb 2018 07:30:00 +0000 Obtala raising £4.5mln to support next phase of growth in African forestry business Tue, 30 Jan 2018 07:36:00 +0000 Obtala set to join sustainable timber processing joint venture in Mozambique Tue, 09 Jan 2018 14:55:00 +0000 Obtala expects good momentum seen in fourth quarter 2017 to result in record annual revenue Mon, 08 Jan 2018 08:09:00 +0000 Obtala announces first step in expansion of timber trading division Thu, 04 Jan 2018 13:32:00 +0000 Obtala directors inject US$1mln into timber trading subsidiary Tue, 02 Jan 2018 07:44:00 +0000 Obtala begins due diligence to appoint new nominated adviser Tue, 05 Dec 2017 15:54:00 +0000 Obtala to appoint new nomad after stock exchange ruling Wed, 11 Oct 2017 08:07:00 +0100 City broker thinks Obtala shares are worth double their current market value Mon, 09 Oct 2017 11:11:00 +0100 Obtala raises US$2mln from forestry arm investment Mon, 02 Oct 2017 08:49:00 +0100 Obtala sees 'supercycle' ahead for forestry and agriculture Fri, 29 Sep 2017 09:00:00 +0100 Obtala expects major Woodbois boost going forward Thu, 28 Sep 2017 07:35:00 +0100 Obtala says second half expansion plans unaffected by delays to subscription agreement funds Fri, 01 Sep 2017 15:40:00 +0100 DekelOil formally kicks-off Guitry palm oil project in Côte d'Ivoire Tue, 25 Jul 2017 07:46:00 +0100 Obtala issues positive operational update for quarter that included Woodbois acquisition Wed, 19 Jul 2017 09:48:00 +0100 Obtala increases profit share at Magole Farms and Wami Farms in Tanzania Tue, 04 Jul 2017 07:56:00 +0100 Due diligence yields pleasant surprises as Obtala completes Woodbois acquisition Mon, 03 Jul 2017 12:55:00 +0100 Obtala bags award at the fifth annual Social Stock Exchange Awards ceremony Mon, 26 Jun 2017 08:30:00 +0100 DekelOil battles through head-winds to post higher sales and profits Tue, 06 Jun 2017 10:41:00 +0100 Obtala swoops for US$14.8mln timber trader Wed, 24 May 2017 14:10:00 +0100 Obtala on path to profitability as researcher initiates with ‘conviction buy’ Wed, 10 May 2017 13:25:00 +0100 DekelOil in talks to buy Ghanaian palm oil business Wed, 10 May 2017 08:19:00 +0100 Obtala signs letter of intent to invest in sustainable agriculture in Tanzania Wed, 26 Apr 2017 12:00:00 +0100 DekelOil readies itself for a big 2017 as production continues to grow Mon, 10 Apr 2017 11:10:00 +0100 Record first quarter performance for DekelOil Mon, 10 Apr 2017 10:32:00 +0100 Anglo African Agriculture shares surge as demand for its food products exceeds factory output Fri, 31 Mar 2017 08:53:00 +0100 VSA Capital provides fresh boost to Obtala, starting coverage with a 'buy' rating Wed, 29 Mar 2017 12:11:00 +0100 Obtala raises £4mln from Hong Kong investor Tue, 28 Mar 2017 14:30:00 +0100 Obtala focused on increasing active forestry concessions from two to five Mon, 27 Mar 2017 08:17:00 +0100 Obtala welcomes local relationships specialist to board Thu, 23 Mar 2017 09:23:00 +0000 Kopy Goldfields to publish feasibility study on Krasny project next year Mikhail Damrin brought Proactive up to speed on developments at Kopy Goldfields (NASDAQ:KOPY) at Mines & Money 2017.

He told Proactive Investors’ presenter Andrew Scott they're looking to publish a feasibility study on their most advanced project, Krasny, by the end of 2018.

For more videos from Mines & Money 2017 go to

Tue, 28 Nov 2017 22:16:00 +0000
Obtala's Miles Pelham on 'very welcome surprises' to come from Woodbois acquisition Miles Pelham, chairman of Obtala Limited (LON:OBT) tells Proactive that on numerous occasions, the WoodBois team had been very conservative in its estimates and projections.

Pelham also discusses their increases in profit share at Magole Farms and Wami Farms in Tanzania.

Tue, 04 Jul 2017 09:04:00 +0100
Zak Mir targeting 27p for Obtala shares Technical analyst Zak Mir reckons the Obtala Ltd (LON:OBT) share price can add another 10p or so over the coming months.

“There’s been a solid move to the upside over the last year, breaking the 200-day moving average in April last year and rising within a trend channel from that time,” explains Mir in the latest Proactive Investors Bulletin Board.

“The floor of the channel is at roughly the 17-18p level and it looks as though we’re bouncing off the floor of that now.

“At least while we hold above 15p, the target here is as high as 27p at the top of last year’s trend channel.”

Mon, 26 Jun 2017 09:40:00 +0100
Obtala takes 'step-up the value chain' with WoodBois acquisition Miles Pelham, chairman of Obtala Ltd (LON:OBT) talks through with Proactive's Andrew Scott their acquisition of WoodBois International - a global trader and producer of sawn timber.

Wed, 24 May 2017 07:15:00 +0100
Zak Mir: 16p still a valid target for Dekeloil Palm oil group's move on Norpalm in West Ghana has highlighted rising trend since September and as long as price stays above 12.74p a valid target for the shares is 16p.

Wed, 10 May 2017 10:44:00 +0100
Obtala chairman 'delighted' with Hong Kong investment Miles Pelham, chairman at Obtala Ltd (LON:OBT) tells Proactive the African forestry and agriculture group has raised £4mln through a share issue to a Hong Kong-based high net worth investor.

Obtala owns ten forestry concessions in Northern Mozambique, while its agriculture business is planting melon primarily but also butternut, onion and feed maize.

Wed, 29 Mar 2017 10:53:00 +0100
The ability for Anglo African Agriculture to grow is 'phenomenal' says David Lenigas Anglo African Agriculture plc (LON:AAAP) was set up to develop an agricultural trading group in Africa. Their wholly owned subsidiary Dynamic Intertrade is a food manufacturing company involved in the cultivation, manufacture, import and distribution of herbs, spices, seasonings and confectionary products.

Non-executive director David Lenigas tells Proactive: ''The ability of this business to grow 3,4,5, 10 times over the next few years is phenomenal''.

''When you look back at AAAP over the last year in particular we were doing about 80 tonnes a month of product. The demand for this product has picked up so dramatically from the new factory in Cape Town that critical mass for the business making profit is about 100-110 tonnes a month - we've blasted way through that in the last 3 months''.

Lenigas adds: ''We're updating the manufacturing facility to do three times the output. That work will be finished sometime this month - we certainly have the order book to fill that''.

''I see this as a great business - and we've now got to the point we're making money''.

Wed, 01 Feb 2017 16:25:00 +0000
Obtala Ltd chief 'very pleased' to have oversubscribed on latest raise Obtala Limited (LON:OBT), the Africa-focused agricultural and forestry company has announced that it's raised a total $14.25mln cash investment into 40,728 Preference shares in Argento Limited, Obtala's 75%-owned forestry subsidiary.

They'd actually set out to raise $10 mln, Obtala's CEO Paul Dolan tells Proactive: ''I think the strength of the story certainly helped to sell it and our maximum headroom in terms of allowance that we could sell was just short of $20 mln''.

''The Preference Share is convertible at the holder's option into either the Argento forestry subsidiary or Obtala''.

Dolan also mentions they're expecting another $5 mln to come through which would take them to their maximum allowance of $19.25 mln.

''As a small company when you're going out to look to raise funds, you never count on definitely getting the deal done so we're very happy to have oversubscribed on this''.

In terms of where the money gets spent: ''We were very clear that the primary aim is to put the Argento business into full production. So we're looking at establishing a central sawmill and then mobile units in our concessions and a fleet of trucks to ferry the timber  from the concessions into the central sawmill'', Dolan says.

A portion of the funds raised will also go towards Obtala's agriculture project in Tanzania.

Fri, 02 Dec 2016 11:43:00 +0000
New-look Obtala expects better results in second half A restructured and rebranded Obtala Ltd (LON:OBT) is looking to scale up operations throughout 2017.
The firm is focused on developing a focused agricultural and forestry business in Africa and has released its first half numbers to end June - a period which saw it sell off the last of its non-core ventures - the retail arm LCS - for US$100.
Miles Pelham,  the chairman, told Proactive's Sarah Lowther that the first half had been challenging and conceded the results were "not  stellar", not least due to that sale of the Lesotho retail  chain but also that traditionally the rainy season is not good for revenues in agriculture and forestry.
"It was a difficult time and certainly a time when we had to retrench and restructure and that has happened and I'm pleased to say we're in a much better place now so we should expect certainly significantly better results in the second half," he said.

Fri, 30 Sep 2016 12:50:00 +0100
Obtala being stripped down to the bare wood before growth spurt Miles Pelham, chairman of Obtala Ltd (LON:OBT), says selling its loss making retail arm for the nominal sum of US$100 makes complete business sense.  “It’s much more about the shedding of non-core assets to allow us to focus management time on the areas we felt were the most profitable and have the most future.”

The future lies in agriculture and forestry, with Pelham investing his own money in the latter which he says has ‘huge potential’ and a ‘hell of a lot of supply.’ When asked to quantify just how much, the figures are vast. “We have 312,000 hectares of forestry concessions of exotic hardwood which is considerable.”  Considerable indeed as this is approximately 40 times the size of Hong Kong Island.

Pelham says he is not interested in dressing up the business for a sale, but a takeover offer “couldn’t be ruled out.”

Fri, 23 Sep 2016 14:22:00 +0100
Obtala Ltd gets new look after shifting focus Former miner Obtala Resources Plc (LON:OBT) is changing its name to reflect its move into a new market.
Africa-focused Obtala is dropping 'Resources' from its title after moving into the forestry and farming business.
It initially focused on mineral mining in Tanzania, but has been re-positioning itself as an emerging Africa agri- and timber trader and investor.
Chairman Miles Pelham said the move should help the business to attract investors in its chosen markets.
"We felt the word 'resources' in our title led new investors to misunderstand the company's strategy," he said.

Wed, 10 Aug 2016 15:46:00 +0100
Brexit boost adds spice to bumper production at Dekeloil Dekeloil’s (LON:DKL) interim underlying profits will be ‘materially’ above last year, says Lincoln Moore, after a stellar performance from its new kernel crushing plant and unexpected currency bonus from Brexit.
Palm oil production in the Ivory Coast rose by 30% in the latest half year, but this was overshadowed by the kernel crushing plant says executive director Moore.
From an investment of €1.1mln, the new kernel crushing plant should make underlying profits or EBITDA of €1.4mln in its full year of production, he says.
Production of palm oil from its now 86%-owned mill, meanwhile, continues to ramp up and the currency issues that affected demand from important customer Nigeria have also eased.

Fri, 08 Jul 2016 12:03:00 +0100
Dekeloil hails "value-accretive" Ayenouan palm oil deal Lincoln Moore, executive director at Dekeloil (LON:DKL) talks to Proactive Investors about the company's recent stake increase in the Ayenouan palm oil operation in the Ivory Coast to 81.5% and the £10.8mln share placing supporting it.

He says he is very pleased with the deal as it was done in a "value-accretive" way so EPS will increase for both new and existing shareholders.

Moore says Dekel aims to keep up increasing production at Ayenouan and he hopes half year production figures will be significantly higher than last year's over the period.

Tue, 24 May 2016 14:11:00 +0100
New Obtala chair focused on scaling up forestry business It’s been a busy week for Africa-focused agriculture and timber company Obtala Resources Plc (LON:OBT) as non-executive director Miles Pelham has been elevated to the position of non-executive chairman.

The firm also released a broad strategic plan to grow the Africa-based agriculture, forestry and retail group, and agreed to terms for a full settlement of US$900,000 from Basic Materials Limited.

New chairman Pelham tells Proactive the company has had to “adapt and move with the times” meaning it is now “strongly focused on forestry and agriculture, which we feel is a very promising sector to be in”.

Francesco Scolaro has stepped down as executive chairman, and Pelham says his key aim is to expand revenue, by “scaling up a forestry business that is currently producing 5% of its potential to 50% potential to 80%”.

Fri, 29 Apr 2016 12:59:00 +0100
DekelOil says company built good platform for growth in 2015 and "things look rosy" Lincoln Moore, executive director at palm oil producer DekelOil (LON:DKL) runs through the company's recent full-year results which saw revenues increase 134% after record production in Ivory Coast.

Moore says the company "really build good platform for growth in 2015 which will be a launching pad for further growth in 2016 and beyond".

He says "things look pretty rosy for 2016" and that talks to be certified by the Rountable for Sustainable Palm Oil are progressing well.

Thu, 14 Apr 2016 15:49:00 +0100
DekelOil Public Limited’s Moore sees “significant jump” in profits this year DekelOil Public Limited (LON:DKL) reported this week that it had produced substantially more palm oil than even it expected in its latest quarter, with output from the 51% owned Ayenouan palm oil project in the Ivory Coast rising by 56% to 15,141 tonnes versus a year ago.

Speaking to Proactive Investors, Lincoln Moore, executive director, says the results were “a pleasant surprise” after the firm had initially expected to hit around 12,000 tonnes.

He adds that he “now expects 2016 to see a significant jump in profitability”, with EBITDA more than 80% ahead, leading to a much higher rise in net profit.

Thu, 07 Apr 2016 09:04:00 +0100
DekelOil Public Limited is “outperforming” says chair A refinancing by DekelOil Public Limited (LON:DKL) is expected to positively impact profitability as a loan for €8.69mln that was used to part fund its Ayenouan palm oil in Ivory Coast was replaced by a new €9.15mln, seven-year facility, earlier this week.

Andrew Tillery, non-executive chairman, says the company is “now perceived more as an operating company, which is hitting its targets” than a start-up, making it much less risky for financiers.

Tue, 22 Mar 2016 07:31:00 +0000
Dekeloil director hints at future dividend plans DekelOil (LON:DKL) director Lincoln Moore says the company could start paying a dividend later this year, depending on debt refinancing progress and operational cash flow levels.

Last week the firm hailed an ‘excellent’ first full year of production for its Ayenouan palm oil plant in Côte d'Ivoire.

Output was 35,770 tonnes of crude palm oil, a year on year increase of 151%; sales were up 156%.

Tue, 12 Jan 2016 07:48:00 +0000
London’s palm oil players worth a punt, VSA Capital reckons London's palm oil producers have lagged their foreign-listed peers this year and broker VSA Capital reckons there’s a buying opportunity.

Investors can find good value among the likes of M.P. Evans Group (LON:MPE),  DekelOil (LON:DKL) and R.E.A. Holdings (LON:RE.) according to analyst Ed Hugo, who also explains the drivers behind the recent pick-up in CPO prices.

Thu, 08 Oct 2015 13:23:00 +0100
DekelOil’s Moore on “great six months” for palm oil producer Lincoln Moore, executive director at palm oil producer DekelOil explains how the firm has achieved a big uplift in its half year results.

Record production and sales of palm oil helped Ivory Coast-based DekelOil (LON:DKL) almost treble interim revenues and come close to break even.

Speaking to Proactive, Moore says he is delighted the performance and adds that there’s still plenty of room for more organic growth.

Mon, 14 Sep 2015 15:47:00 +0100
DekelOil ‘well on track’ to exceed forecasts says exec director Lincoln Moore, executive director at DekelOil (LON:DKL), tells Proactive Investors the company looks well on track to surpass the 30,000-tonne forecast for its crude palm oil (CPO) production for this year.

After today’s share price rise – the stock opened up more than 60% this morning – Moore says investors are starting to gain confidence that the company is on a long-term track.  

The AIM-listed group today revealed its CPO production in the Ivory Coast hit a new record in April, with this year’s output already exceeding the whole of 2014’s.

Tue, 05 May 2015 14:06:00 +0100
DekelOil’s Moore says hard work is paying off Lincoln Moore, executive director at DekelOil (LON:DKL), says the work the company has put in at its palm oil project in the Ivory Coast is now paying off after some impressive production numbers and admits the company could become a bid target as prices start to pick up.

Moore says DekelOil is on track to produce ‘significantly more’ than its initial annual production target of 30,000 tonnes of crude palm oil and he is confident it can meet or even beat its full-year profit forecast of 5 million euros.

As for the falling price of palm oil, Moore says: ‘Even at what are the lowest levels of palm oil prices for the last six to seven years, we’re still making around a 30% gross margin which is very good.’  

Tue, 07 Apr 2015 15:16:00 +0100
DekelOil director Lincoln Moore delighted by production surge Lincoln Moore, executive director at DekelOil (LON:DKL), discusses the group’s latest operations update and how the palm oil company has managed to double production. ‘We expect this to be a very profitable six-month period,’ adds Moore. 

Fri, 30 Jan 2015 13:11:00 +0000
Kopy Goldfields on partner GV Gold and upcoming share issue Mikhail Damrin, the chief executive of Swedish-listed Kopy Goldfields, explains the benefits of having Russian gold producer GV Gold as a partner. Darmin also talks about the company’s projects and upcoming share issues.

Tue, 02 Dec 2014 15:49:00 +0000
DekelOil’s Moore on becoming a takeover target Lincoln Moore, executive director at DekelOil (LON:DKL), talks about the potential for a takeover offer to come in for the palm oil group given the recent M&A activity in the sector. It follows a £1.1bn bid by Malaysia’s Sime Darby for New Britain Palm Oil (LON:NBPO). After the recent £1.5mln placing from DekelOil, Moore says the company is aiming to find “a project partner or a debt financing partner out of Europe”, rather than a large equity raise that would dilute shareholders.

Tue, 28 Oct 2014 07:04:00 +0000
ISDX-listed Anglo African Agriculture targeting place on AIM Craig Forbes, the chief executive of agricultural trading group Anglo African Agriculture (ISDX:AAA), is eyeing up a move from the ISDX market to the more established Alternative Investment Market (AIM).

Forbes says the strategic intent is to move onto AIM “as soon as is practically possible”.

He says the recent reverse takeover of South Africa’s Dynamic Intertrade will allow the company to launch its range of spices into the market and grow the guar bean business.

Mon, 21 Jul 2014 09:17:00 +0100
DekelOil Ivory Coast palm oil operation profitable in first month The Executive Director of DekelOil, Lincoln Moore, tells Proactiveinvestors about how the successful roll out of a new operation in the Ivory Coast - managed to turn a profit in its first month.

Mon, 28 Apr 2014 11:07:00 +0100
DekelOil's palm oil mill in Ivory Coast fully operational in fortnight Lincoln Moore, director at DekelOil (LON:DKL) tells Proactiveinvestors says the company's crude palm oil extraction mill in Ivory Coast could be fully operational over the next two weeks.

Wed, 05 Mar 2014 11:11:00 +0000
Kopy Goldfields says Krasny is the company's most interesting project Mikhail Damrin, CEO of Kopy Goldfields (STO:KOPY) tells Proactiveinvestors the company will be developing its Krasny project next year. The company has 13 assets in Russia, and Krasny is the most 'interesting', he says.

Thu, 05 Dec 2013 09:16:00 +0000
Dekel Oil to become second largest palm oil producer in Ivory Coat by 2014 with new mill Youval Rasin, CEO of palm oil producer Dekel Oil (LON:DKL) tells Proactiveinvestors that the company is set to become second largest palm oil producer in Ivory Coast by 2014

Tue, 05 Nov 2013 07:43:00 +0000