Company
LON:DKL
Dekel Agri-Vision PLC is an agriculture processing, logistics and farming operation located in Côte d'Ivoire. The Company has a portfolio of projects at various stages of the development curve: a fully operational palm oil project in Ayenouan where fruit produced by local smallholders in addition to c.1,900 ha of company estates is processed at the Company's 60tn/hr crude palm oil mill; a large scale cashew processing project in Tiebissou, which is due to commence production in 2020; and a 24,000ha brownfield development site in Guitry which is being prepared for development.
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"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
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A glance at some of the stories on the Proactive newswire today
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After record output in the first quarter, mechanical issues hindered production volumes in May and June, but better palm oil prices resulted in a stronger financial performance
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"The margin impact of lower volumes in Q4 now looks like a genuine aberration," said house broker Cantor Fitzgerald
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A glance at the stories on the Proactive newswire today
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DekelOil says the deal, if it proceeds, will be financed by existing cash resources, new equity partners at project level and debt financing.
The bulls could not quite push the top-share index above 7,400. Tomorrow they'll have a harder job with ex-div stocks lopping about 14 points off the Footsie
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A glance at some of the stories on the Proactive newswire today
Highlands Natural Resources and Highland Gold Mining were both among the big losers today
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The palm oil producer generated record revenues after posting best ever quarterly production figures
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AstraZeneca is under the weather after being downgraded but Shaftesbury is a hot property on bid speculation
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The palm oil producer has made several moves in the past year that should stand it in good stead this year
