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.
|17Jan17 07:01||RNS||Maiden Dividend|
|17Jan17 07:00||RNS||Full Year Production Update|
|16Jan17 07:00||RNS||Conversion of Outstanding Capital Notes|
|09Jan17 07:00||RNS||Gains 100% Interest in Profitable Palm Oil Project|
|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|
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.
The Monthly January 2017
09 Jan 17
Despite all the hullaballoo of the Brexit vote and the subsequent election of Donald Trump as the next US President, the UK stock market prospered last year, especially in the latter few months of 2016. The combination of a depreciating currency – making $ earnings more valuable in relative terms - and the Trump emphasis on infrastructure expenditure drove the stock market higher
10 for 17
09 Jan 17
As always at the start of a year, there are significant uncertainties about the year ahead but I think in 2017, the level of uncertainly has decisively moved up a gear. In fact, a leading economist at the LSE, Ethan Ilzetzki, was recently quoted as saying “I view the current global economic environment as the most uncertain in modern history”. Wow.
FY16 pre-close +ve surprise: Raising FY16, 17, 18 PBT c.1%, 4% and 6%
12 Jan 17
Today’s slightly better-than-expected FY16 pre-close trading statement prompts us to raise our FY16 PBT estimate by c.1%, reflecting the combination of (1) growth in several of HFG’s key markets, (2) strong overall operating performance, and (3) favourable fx translational benefits (recalling that 62% of FY15 sales were ex-UK). To reflect the positive profit contribution impact of the Portuguese j/v agreement signed on January 4th, the j/v income line is boosted by €1.5m (c.£1.3m) and €2.5m (c.£2.2m) in FY17 and FY18 respectively, representing upgrades of c.4% and c.6%. Once operating at full capacity utilisation, the j/v could well add €3m (c.£2.6m) in FY19. To reflect (1) our increased FY16-FY18 forecasts, (2) current peer EV/EBITDA valuation multiples, and (3) our view that HFG now deserves to trade at a premium to the peer group in view of its impressively strong financial track record (i.e. FY06-FY16 since IPO) for organic and investment-led profitable growth, combined with an array of emerging, highly promising initiatives (see our note “Start of a new chapter of growth” published on October 4th) to expand the scale and scope of HFG’s core business, we raise our TP to 805p (previously 755p). Maintain BUY.
N+1 Singer - Nichols - Diversified strategy continues to help deliver another year of strong growth
10 Jan 17
Nichols has issued a positive year-end trading update with strong progress in evidence across both the UK and International activities resulting in total sales +7.3% (virtually all LFL). This is a very pleasing outcome given the tough trading environment. The business continues to comfortably outperform a difficult UK soft drinks market, led by Vimto and the strategic strengthening of the out-of homes category following the Noisy acquisition. This differentiation theme is further reinforced by the International business continuing to show good momentum, especially Africa. We upgrade our FY16 PBT up by a very modest £0.1m, implying 10% EPS growth, but make no forecast changes for the outer years until we get better clarity on the cost headwinds. The company trades on a cal’17 P/E of 22.7x and 16.0x EV/EBITDA. The shares have been firm ahead of today’s update and are likely to consolidate in the short-term, but we remain positive on a 12m view given the groups dependable growth and international characteristics.
Proud as a Peacock
21 Dec 16
Greencore’s (GNC LN, BUY, 310p) Chief Financial Officer Eoin Tonge presented to Whitman Howard’s equity salesforce yesterday, 20th December 2016. Key messages included a positive outlook for UK Food to Go, sustained momentum within the incumbent US business – notable accounts include 7-Eleven and Starbucks – and positive expectations for the newly acquired Peacock Foods. The company appears well placed to perform positively in FY2017
Strengthening the mix – 2016 trading update
11 Jan 17
Stock Spirits (STCK LN, BUY, T/P 240p) released a full year 2016 trading statement this morning. The company announced overall trading in the second half of 2016, and implicitly the full year, was in line with expectations. Whitman Howard’s own 2016 forecasts are for €264m revenue €50m EBITDA. The company is due to release preliminary results on 8 th March 2017.