Proactiveinvestors United Kingdom Dekeloil Public Ltd https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Dekeloil Public Ltd RSS feed en Tue, 23 Jul 2019 07:59:49 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Proposed Equity Fundraising to raise EUR 2.45M ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190722070104_14157207/ Mon, 22 Jul 2019 07:01:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190722070104_14157207/ <![CDATA[RNS press release - New Long Term Loan Agreement and Trading Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190722070005_14157141/ Mon, 22 Jul 2019 07:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190722070005_14157141/ <![CDATA[RNS press release - Commencement of construction at cashew project ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190709070009_14140923/ Tue, 09 Jul 2019 07:00:09 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190709070009_14140923/ <![CDATA[RNS press release - Shareholder Call ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190708070006_14139205/ Mon, 08 Jul 2019 07:00:06 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190708070006_14139205/ <![CDATA[RNS press release - Half Year Production Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190704070005_14135960/ Thu, 04 Jul 2019 07:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190704070005_14135960/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190703113845_14135195/ Wed, 03 Jul 2019 11:38:45 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190703113845_14135195/ <![CDATA[RNS press release - 2018 Final Results and Notice of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190627070009_14127247/ Thu, 27 Jun 2019 07:00:09 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190627070009_14127247/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190614110550_14111656/ Fri, 14 Jun 2019 11:05:50 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190614110550_14111656/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190614110020_14111636/ Fri, 14 Jun 2019 11:00:20 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190614110020_14111636/ <![CDATA[RNS press release - Update on Cashew Processing Project, Côte d'Ivoire ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190530070006_14091606/ Thu, 30 May 2019 07:00:06 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190530070006_14091606/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190529175242_14091446/ Wed, 29 May 2019 17:52:42 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190529175242_14091446/ <![CDATA[RNS press release - Production Update - Q1 2019 ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190409070011_14033369/ Tue, 09 Apr 2019 07:00:11 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190409070011_14033369/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190116163138_13937144/ Wed, 16 Jan 2019 16:31:38 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190116163138_13937144/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190111114150_13932181/ Fri, 11 Jan 2019 11:41:50 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190111114150_13932181/ <![CDATA[RNS press release - Director / PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190111070004_13931240/ Fri, 11 Jan 2019 07:00:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190111070004_13931240/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190110164047_13931002/ Thu, 10 Jan 2019 16:40:47 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190110164047_13931002/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190110163529_13930988/ Thu, 10 Jan 2019 16:35:29 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190110163529_13930988/ <![CDATA[RNS press release - Full Year Production Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190110070007_13929652/ Thu, 10 Jan 2019 07:00:07 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20190110070007_13929652/ <![CDATA[RNS press release - Replacement:Acquisition of Cashew Project Interest ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20181231083727_13918966/ Mon, 31 Dec 2018 08:37:27 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20181231083727_13918966/ <![CDATA[RNS press release - Acquisition of Interest in Cashew Project ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20181221070002_13912330/ Fri, 21 Dec 2018 07:00:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20181221070002_13912330/ <![CDATA[RNS press release - Civil Works Contract for Cashew Project Awarded ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20181119070005_13870989/ Mon, 19 Nov 2018 07:00:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20181119070005_13870989/ <![CDATA[RNS press release - Contract to Construct Cashew Processing Plant ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20181031070004_13848471/ Wed, 31 Oct 2018 07:00:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20181031070004_13848471/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20181024133544_13841009/ Wed, 24 Oct 2018 13:35:44 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20181024133544_13841009/ <![CDATA[RNS press release - AGM Statement ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20181024093002_13840484/ Wed, 24 Oct 2018 09:30:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20181024093002_13840484/ <![CDATA[RNS press release - Q3 2018 Production & Sales Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20181010070004_13822517/ Wed, 10 Oct 2018 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20181010070004_13822517/ <![CDATA[RNS press release - DekelOil - Notice of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180925070023_13802925/ Tue, 25 Sep 2018 07:00:23 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180925070023_13802925/ <![CDATA[RNS press release - Interim Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180913070004_13788894/ Thu, 13 Sep 2018 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180913070004_13788894/ <![CDATA[RNS press release - Cashew Processing Project Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180730070008_13735187/ Mon, 30 Jul 2018 07:00:08 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180730070008_13735187/ <![CDATA[RNS press release - Half Year Production Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180719070005_13723338/ Thu, 19 Jul 2018 07:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180719070005_13723338/ <![CDATA[RNS press release - 13 Year Tax Exemption for Cashew Project Confirmed ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180712070006_13714751/ Thu, 12 Jul 2018 07:00:06 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180712070006_13714751/ <![CDATA[RNS press release - Appointment of Joint Broker ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180711070005_13713060/ Wed, 11 Jul 2018 07:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180711070005_13713060/ <![CDATA[RNS press release - Final Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180628070008_13696596/ Thu, 28 Jun 2018 07:00:08 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180628070008_13696596/ <![CDATA[RNS press release - Option to Acquire Majority Interest in Cashew Co. ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180626070005_13693053/ Tue, 26 Jun 2018 07:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180626070005_13693053/ <![CDATA[News - DekelOil slumps on first quarter production report ]]> https://www.proactiveinvestors.co.uk/companies/news/194926/dekeloil-slumps-on-first-quarter-production-report-194926.html DekelOil Public Limited (LON:DKL) shares slumped in Friday morning’s dealing after it revealed a 17% drop in crude palm oil production and a 25% reduction in sales prices.

The stock was down 1.04p or 10.61% to trade at 8.76p.

In a statement, the Côte d'Ivoire-based palm oil producer told investors it has continued to see a deviation from typical seasonal trends, and it suggested the ‘high season’ may be less volatile and may last longer for 2018.

First quarter production volumes were softer than the same period of 2017, following a preceding quarter that was significantly stronger than its year-on-year comparison. It highlighted that the peak 2018 harvesting season has to date been less volatile on a month to month basis.

Harvesting, measured as ‘collected FFB’ (fresh fruit bunches) amounted to 59,531 tonnes for the three months ended March 31, compared to 72,083 tonnes in 2017. The company produced some 13,605 tonnes of crude palm oil, down from 16,398 tonnes in the same period last year.

Set against a tougher backdrop

"The Q1 performance was set against a backdrop of relatively weaker FFB volumes and lower international prices compared to last year,” said Lincoln Moore, Dekel Oil executive director.

“However, we remain focused on optimising the variables we can control, such as securing sales for our product at premium prices, maintaining our excellent relationships with the thousands of local smallholders who supply us with fruit, and growing our customer base."

First quarter sales of CPO beat the previous year’s tally, however, measuring 13,758 tonnes versus 11,871 tonnes. But, the price of CPO was markedly lower, at €548 per tonne rather than €736.

Dekel said its market share of FFB delivered to the mill was comparable to previous quarters.

Shortage of CPO in region

It added that due to the quarter’s strong sales the company’s stock on hand is ‘virtually nil’.

The company intends to capitalise on lower CPO availability in the region, to secure future sales at premium prices for the remainder of the high season and the subsequent low season.

Moore added: “We are encouraged by the record sales quantities which saw us record our best ever quarterly CPO sales performance; maintain our market share in terms of delivery of fruit to our mill; and securing Louis Dreyfus as our latest customer. 

“We view diversification of our sales customer base as critical to maximising the sales prices for our product, particular given the lower CPO supply evident in the local market and this will hold us in good stead to extract premium prices throughout the remainder of the high season and forthcoming low season."

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Fri, 13 Apr 2018 08:02:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/194926/dekeloil-slumps-on-first-quarter-production-report-194926.html
<![CDATA[RNS press release - Q1 2018 Production Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180413070002_13603067/ Fri, 13 Apr 2018 07:00:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180413070002_13603067/ <![CDATA[RNS press release - Directorate Changes ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180406070004_13594243/ Fri, 06 Apr 2018 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180406070004_13594243/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180327114503_13583195/ Tue, 27 Mar 2018 11:45:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180327114503_13583195/ <![CDATA[RNS press release - Update on Broker ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180302113001_13552882/ Fri, 02 Mar 2018 11:30:01 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180302113001_13552882/ <![CDATA[RNS press release - Drawdown of Syndicated Loan ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180228070007_13548308/ Wed, 28 Feb 2018 07:00:07 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180228070007_13548308/ <![CDATA[RNS press release - Operations Update for Producing Palm Oil Project ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180122070004_13503707/ Mon, 22 Jan 2018 07:00:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180122070004_13503707/ <![CDATA[RNS press release - Full Year Production Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180116070003_13497281/ Tue, 16 Jan 2018 07:00:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20180116070003_13497281/ <![CDATA[RNS press release - Q3 2017 Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20171024131512_13407301/ Tue, 24 Oct 2017 13:15:12 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20171024131512_13407301/ <![CDATA[RNS press release - 25% increase in capacity at palm oil mill ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20171023070003_13404699/ Mon, 23 Oct 2017 07:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20171023070003_13404699/ <![CDATA[RNS press release - Q3 2017 Production & Sales Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20171018070003_13400182/ Wed, 18 Oct 2017 07:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20171018070003_13400182/ <![CDATA[RNS press release - Interim Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20170927070007_13376457/ Wed, 27 Sep 2017 07:00:07 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20170927070007_13376457/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20170907142117_13355567/ Thu, 07 Sep 2017 14:21:17 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20170907142117_13355567/ <![CDATA[RNS press release - Result of Scrip Dividend and Director Dealing ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20170901070002_13348163/ Fri, 01 Sep 2017 07:00:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20170901070002_13348163/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20170803115954_13318576/ Thu, 03 Aug 2017 11:59:54 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20170803115954_13318576/ <![CDATA[RNS press release - AGM Statement ]]> https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20170803070003_13317630/ Thu, 03 Aug 2017 07:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3683/LSE20170803070003_13317630/ <![CDATA[News - DekelOil formally kicks-off Guitry palm oil project in Côte d'Ivoire ]]> https://www.proactiveinvestors.co.uk/companies/news/181392/dekeloil-formally-kicks-off-guitry-palm-oil-project-in-cte-d-ivoire-181392.html Dekeloil Public Ltd (LON:DKL) has formally kicked off Guitry, its second palm oil project, in Côte d'Ivoire.

Guitry will, like the group’s flagship Ayenouan project, be developed as a vertically integrated palm oil operation including nursery, company-owned estates and a mill producing crude palm oil.

It will source palm fruit bunches from both the company’s own plantation and third-party growers.

READ: DekelOil battles through head-winds to post higher sales and profits

Development capital is anticipated to be no more than €250,000 for the first twelve months of the project, and the company said that the longer term funding would likely be provided by a project partner – a process of negotiations is now underway.

"We believe Guitry in time has the potential to become a much larger and more profitable operation than our successful project in Ayenouan,” said Lincoln Moore, DekelOil executive director.

“It has always been our intention to first prove our vertically integrated model at Ayenouan before building a portfolio of other vertically integrated palm oil projects in West Africa. 

Moore added: “Having established a successful operation at Ayenouan which plays an important role in the local economy, our business model is proven and de-risked and with this in mind we are encouraged by the interest and support we are receiving from potential partners and banks with regards to providing development capital for Guitry. 

“I look forward to updating shareholders on our future progress at Guitry as we deliver on our strategy to transform DekelOil into a leading West African focused palm producer.”

Guitry plans

It is anticipated that the Guitry nursery will be a modern operation - it will be computerised and fully irrigated - and it will have the capacity for 1mln plants per year, which would equate to some 6,000 hectares of palm oil estates.

The company has secured rights to develop oil palm estates over 24,000 hectares of brownfield land, primarily old cocoa and oil palm land. It also sees potential to significantly enhance the local smallholder industry to provide additional feed stock to a company owned mill.

Talks are underway with smallholders to determine the initial capacity requirements for the first mill operation at Guitry.

The company noted that the smallholder industry is less developed in the Guitry area, compared to what was encountered at Ayenouan, though it plans to undertake a feasibility study for a 15-30 tonne per hour crude palm oil extraction mill.

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Tue, 25 Jul 2017 07:46:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/181392/dekeloil-formally-kicks-off-guitry-palm-oil-project-in-cte-d-ivoire-181392.html