Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on DEKELOIL PUBLIC LTD-DI. We currently have 22 research reports from 3 professional analysts.
|05Dec16 02:00||RNS||Price Monitoring Extension|
|14Nov16 07:00||RNS||Investments to Increase Profitability at Ayenouan|
|02Nov16 07:00||RNS||Appointment of New In-Country CEO|
|31Oct16 07:00||RNS||Completion of Debt Refinancing on Improved Terms|
|13Oct16 07:00||RNS||Q3 2016 Production Update|
|21Sep16 07:00||RNS||2016 Interim Results|
|18Jul16 06:36||RNS||Result of AGM|
Frequency of research reports
Research reports on
DEKELOIL PUBLIC LTD-DI
DEKELOIL PUBLIC LTD-DI
15 Nov 16
"The global bond markets saw another major sell-off yesterday, with the 30-year US T-bill yield rising above 3% for the first time since January. This is weighing the implication of the President-elect's wholly unorthodox policy proposals, the general expectation that Yellen will go ahead with the first Fed rate hike since 2006 in December and a growing expectation that Trump will champion an international reversal in the current fiscal-monetary mix of western economies. A looser fiscal policy together with a harder monetary policy, of course, demands a much-diluted version of present 'central bank independence' for whom the main proponents, Donald Trump and Theresa May, could well be the first to move toward subverting the system through the appointment of politically compliant governors to replace the conservative academic postings of the past couple of decades. So has 'Trumpism' started to be priced in? After the hostile takeover, might the populist outsider simply surround himself with insiders? Some optimists seem to believe in this rosy scenario. The Dow Jones inched up to its third consecutive record close yesterday after the Fed's Jeffrey Lacker noted in a speech that fiscal stimulus 'would bolster the case for raising rates' while, by comparison, the NASDAQ drifted lower on continuing concerns over tax imposition proposed on their international cash piles. Asia ended mix to fractionally down, avoiding the broad sell-off seen amongst emerging markets, as their currencies rallied marginally against the US$. Today the UK is due to publish monthly inflation figures, while the Eurozone will release GDP data. Being deep in the results season, earnings or trading updates are expected from the likes of BTG (BTG.L), Card Factory (CARD.L), Crest Nicholson (CRST.L), easyJet (EZJ.L), Enterprise Inns (ETI.L), First Group (FGP.L), Hayward Tyler (HAYT.L), Land Securities (LAND.L), McCarthy & Stone (MCS.L), Premier Foods (PFD.L) and Vodafone (VOD.L). Investors will also be listing out for more details from Rudy Giuliani, the former Mayor of New York, regarding his overnight suggestion that defeating ISIS will be an early focus of Donald Trump's foreign policy. The FTSE-100 is seen rising 10 or so pints in early trading." - Barry Gibb, Research Analyst
31 Oct 16
"London looks set to open the new week on a downbeat note, with the FTSE-100 losing some 15 points in this morning's opening trade. Not surprisingly, with just over a week before US election day, politics is dominating everything; Friday's broadside from the FBI, launching a new investigation into Hillary Clinton's use of a private email server immediately narrowed the polls, as betting flooded back into a Trump just at a time when the Democrats had genuinely started to believe they had it in the bag. Far from an ideal solution for the markets, Clinton does at least provide continuity, whereas Trump by comparison spells out investors worst phobia, 'uncertainty'. As a result, US equities closed down right across the board and the Asian markets largely followed suit with sentiment also knocked by Japanese industrial production and retail sales data missing consensus forecasts, leaving only the ASX making a reasonable gain as its financial continued to bask in the glow of recent positive macroeconomic figures from the territory. The UK is due to release lending data this morning, which analysts will scrutinise closely looking for any rebound in mortgage approvals which fell back to a two year low in August; the Bank of England's release of September Gilt sales will also be examined to check whether demand from international investors has held up following the broad GBP4.4bn sell-off reported in July which was followed by a mild GBP1.8bn recovery in August. The Eurozone is expected to release 3Q'2016 GDP data and inflation figures this morning, while the US is scheduled to provide personal income numbers. UK corporates due to release earnings or trading updates include Centamin (CEY.L), Plant Impact (PIM.L), Wey Education (WEY.L) and WPP (WPP.L). Market watchers will also be sensitive to further media comment regarding whether or not the Governor of the Bank of England, Mark Carney, has decided to bow out from his role on his soon-to-be-completed fifth anniversary in office, or to stay for the full eight-year appointment. The Financial Times this morning headlines with news that he had apparently told close contacts, however, that he intends to remain from the entire period." - Barry Gibb, Research Analyst
VSA Agri Monthly
27 Oct 16
This month saw another large palm oil producer look to take advantage of the persistent value gap between those producers listed in London and those listed in South East Asia, with Kuala Lumpur Kepong (KLK MK) making a 640p bid for London-listed MP Evans (MPE LN), a c50% premium to the prior day’s closing price. The bid was swiftly rejected by the MPE board and the majority of its shareholders.
Tips for 2016 – Q3 Update
10 Oct 16
ACACIA MINING PLC (ACA LN) | BG GROUP PLC (BG/ LN) | DEKELOIL PUBLIC LTD-DI (DKL LN) | DIAGEO (DGE LN) | GLAXOSMITHKLINE (GSK LN) | HSS HIRE GRP PLC (HSS LN) |HUMMINGBIRD RESOURCES PLC (HUM LN) | LLOYDS BANKING GROUP PLC (LLOY LN) | MELROSE INDUSTRIES PLC (MRO LN) | MOTIF BIO PLC (MTFB LN) | MYSQUAR LTD (MYSQ LN) | TULLOW OIL PLC (TLW LN) | UBM PLC (UBM LN) | WHITBREAD (WTB LN)
VSA Agri Monthly
30 Sep 16
VSA Agri Thought for the Month Back in June we highlighted some early signs of stabilisation in the global dairy market that we believed might start to feed through into UK dairy prices over the following months. Although farmer-processor contracted milk prices have not increased as fast as some farmers would like, they are increasing, UK spot prices (a very small proportion of the market) are currently being quoted at more than 30ppl and in the past few months a number of ‘B contracts’ (i.e. those dealing with excess milk from farmers) from processors have actually been set above their respective ‘A contracts’. These factors all point towards steadily increasing contracted prices for UK dairy farmers in the coming months. In this issue of the VSA Agri Monthly we take a more in depth look at the UK dairy sector and conclude that the outlook is now much brighter for those dairy farmers that have managed to survive an extremely difficult last two years and for those listed agricultural input businesses that supply them.
Increasing price target from 815p to 835p
08 Dec 16
Following our 2 November 2016 note “The valuation genie is out of the bottle”, a great deal of new information has been disclosed about MPE (particularly on the non-core assets), while the company has re-based the dividend, announced a special dividend and announced the sale of major associate PT Agro Muko for US$100m. We now take all this new information into account and update our forecasts accordingly. As a result, we are increasing our price target from 815p/share to 835p/share.
New packing facility; Highly significant for underpinning future growth
06 Dec 16
HFG has announced plans to expand its packing capability in Australia, by constructing (at an expected investment cost of A$115m financed through bank facilities) a new meat processing facility in Queensland, in order to supply Woolworths, the leading grocery retailer in Australia. This is a highly significant development as the new Queensland plant, alongside HFG’s two existing dedicated retail packed meat facilities in Melbourne and Bunbury (both operated as a joint venture with Woolworths) should mean that HFG supplies the bulk of Woolworth’s c.1,000 stores with their red meat needs over time. In short, this development should underpin growth at HFG for many years to come from 2020 onwards, which, in turn, should result in a higher and more stable earnings stream over time, supporting a continued rerating of HFG’s valuation multiple, in our view. We reiterate our BUY.
06 Dec 16
600 Group* (SIXH): Interim results: order book showing signs of improvement (CORP) | Real Good Food* (RGD): Commodity volatility impacts numbers (CORP) | Minds + Machines* (MMX): .vip goes live in China (CORP | Imaginatik* (IMTK): Interims (CORP) | iomart* (IOM): Quality business as usual (CORP) | Fulcrum (FCRM): Upgrades continue (BUY)
Using their loaf
30 Nov 16
Finsbury Foods has been transformed by a series of acquisitions that has contributed to revenue and earnings nearly doubling over the last three years. Record levels of capital investment continue to improve the Group’s competitive position, whilst exposure to growth segments of the food market is helping likefor-likes. Profit growth is expected to slow in the current year in the absence of acquisitions but underlying trading remains resilient despite some cost headwinds, whilst debt reduction is accelerating. The rating is undemanding and the recent share price weakness has created a buying opportunity.
Joy of Techs
21 Nov 16
ICT evolution is driven by technological development as advances are made which both meet and shape customer requirements. Our 2011 note No such thing as a telco described the modern reality in that former ‘telcos’ now deliver varying elements of a range of managed services. We built on this theme last year, exploring in further detail their evolutionary paths, operating fundamentals, and cashflow yield similarities. In the consumer environment, demand for bundles of technology is complemented by demand for content. Across the pond, the mooted combination of AT&T and Time Warner typifies the bundled need of ‘pipe’ and content, since unbundled alternatives such as FaceTime and WhatsApp can be easier and clearer to chat over, and Amazon and Netflix are easier to watch anywhere. In the UK, BT’s defensive actions cover delivery, content and capabilities, acquiring EE yet also buying football rights. While TV was long ago added to triple play to become quad play, voice is now merely an app, and fixed and mobile seen as just dumb pipes: it's the content that will influence consumer choices. Growth of TV and film as well as music and gaming over IP leads to UK small cap opportunities. In context of the drive to maximise value from pipes and access by offering content and data, we look at some amongst the potential tech small cap beneficiaries: Amino*, Keyword Studios, ZOO Digital*, 7digital*, KCOM* and CityFibre*.