Dekel Agri-Vision (DKL LN) - Solid August production figures

Dekel, the West Africa-based multi-commodity agricultural business, has provided a regular monthly production update for its palm oil business this morning, reporting a solid set of results with pricing and volumes supportive of a profitable year in this division. Crude palm oil (CPO) volumes were 14.5% ahead of the prior year at 1,621 tonnes, driven by improved yields of fresh fruit bunches in the local area as well as strong extraction rates, up 70bp on August 2023. Pricing continued to be sup

Hybridan Small Cap Feast - 12 August 2024

12th August 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: None Delistings: Gunsynd plc (AQSE: GUN) has delisted from the AQSE Growth Market. What’s baking in the oven? ** Our daily digest of news from UK Small Caps If you would like to unsubscribe, please email enquiries@hybridan.com with “unsubscribe me”.

Dekel Agri-Vision (DKL LN) - July production update: palm oil continues to deliver

This morning’s regular monthly production update from DKL shows that the palm oil business continues to deliver after a robust H1 which the company reported in July. DKL is a West Africa-based multi-commodity agricultural business which has a well-established palm oil processing facility and a growing platform given the ongoing move into cashews, which opens up a major new market for the company. This morning, DKL has reported another positive period for palm oil, with CPO (crude palm oil) sal

Dekel Agri-Vision - Palm oil business on track following solid May production figures

This morning's production update from DKL continues to illustrate a robust start to the year in the palm oil business, with strong production and supportive pricing anticipated to deliver a YTD performance in line with expectations. CPO production of 4,368 tonnes for May was solid, albeit 17.7% below last year's strong output due to seasonal variations in the timing of the high season, with total production in the year to date remaining broadly the same as the comparable period last year. CPO ou

Dekel Agri-Vision - Solid April for palm oil with strong extractions and sales volumes +46% YoY

DKL's April palm oil update shows that the main engine of the business (while the cashew activity develops to planned levels) continues to generate robust results. CPO (Crude Palm Oil) sales rose by 46% YoY, a strong number after the company stocked up during Q1. The extraction rate was encouraging at 22.5% (+5% YoY for the month) and these strong extraction rates have continued into May (margin upside). CPO production continued to be ahead of the prior year (YTD) by 5%, a further positive.

Dekel Agri-Vision - Q1 operations update: Solid performance in palm oil; cashews back on track

This morning's Q1 operational update from DKL reflects a solid start to the year for the group, with the palm oil division posting 23.5% production growth YoY and continuing to provide a strong foundation as development work on DKL's cashew operation makes further progress. Palm oil volumes in Q1 were buoyed by a greater availability of fresh fruit bunches (“FFBs”) in the vicinity of DKL's mill, with FFB volumes up 30% on the prior year, delivering CPO production of 4,929 tonnes – a good figure

Dekel Agri-Vision - February production update: Palm oil volumes well ahead of prior year

This morning's production update from DKL reflects a continuation of the strong start to the year reported last month, with crude palm oil (“CPO”) volumes in February reported to be 70.2% ahead of the prior year. The group, a multi-commodity agriculture company operating in West Africa, reports CPO production of 3,742 tonnes for the month, driven by increased availability of fresh fruit bunches in the vicinity of their mill. CPO prices are reported to be ahead of January prices at €759 per tonne

Dekel Agri-Vision - January production update: Strong palm oil volumes up 56% on FY2023

This morning's production update from DKL signals a robust start to the year, with a strong outturn on crude palm oil (“CPO”) volumes in January following on from a positive end to FY2023 in this division. The group, a multi-commodity agriculture company operating in West Africa, reports CPO production of 2,839 tonnes for the month, up over 56% YoY, driven by increased availability of fresh fruit bunches in the vicinity of their mill. On the pricing front, DKL reports a softening in prices since

Dekel Agri-Vision - Record revenue year in FY23E: Strong overall progress based on palm oil success

This morning's full year operational update from DKL caps off an excellent year for the group's palm oil business, with a combination of strong production and historically high crude palm oil (“CPO”) pricing reported to have delivered one of the group's best annual financial performances in this division. The group also provides an update on its first year of commercial production in its cashew operation – where the anticipated ramp up in production has been held back by delivery delays and unde

Dekel Agri-Vision - November production update: Another record month sets up strong end to FY2023

Yesterday's production update from DKL illustrates another exceptional month for the group this year, with November's crude palm oil (“CPO”) production up over 150% YoY – a record performance – putting the group well on track to exceed our production estimates for the full year. Strong CPO production in the month was a result of both above-average availability of fresh fruit bunches (“FFBs”) from local producers and excellent extraction rates achieved at DKL's mill (21.7%), resulting in producti

Dekel Agri-Vision - October production update: Well positioned for strong end to year in palm oil

This morning's October production update from DKL further underpins strong expectations from the group's palm oil business this year, with crude palm oil (“CPO”) production tracking ahead of the prior year for the 8th consecutive month. Positively, the company also report a promising start to November, with CPO production expected to be ‘materially higher' than FY2022. Approaching year end, we remain confident of a very good performance from the palm oil business in FY2023E, validating expectati

Dekel Agri-Vision - Q3 production update: Strong year for palm oil continues; progress on cashews

This morning's Q3 production update from DKL reflects the continuation of a strong year in the palm oil business, with financial performance reported to be close to record levels, and further progress in the newly commissioned cashew project. Palm oil volumes continue to benefit from a strong harvest and good availability of fresh fruit bunches locally, with crude palm oil (“CPO”) production up 78% YoY and sales up over 190%, reflecting high levels of stock at the beginning of the period. In the

Dekel Agri-Vision - On course for stellar year for palm oil business with progress in cashews

H1 results from DKL today highlight a very strong performance for the palm oil business on pricing and volumes, while the company made further progress in its transformative cashew project. The company is an increasingly diversified agricultural group with operations in West Africa, comprising a fully operational, sustainably sourced palm oil business alongside its recently inaugurated cashew processing activity. Although the financial performance of the palm oil operation was solid, posting E

Dekel Agri-Vision - August palm oil production well ahead of FY2022

Today's August production update from Dekel's palm oil operation reflects a continuation of strong results from the business in recent months, with production up 38% over last year and a marginal increase in pricing month on month. Strong production in August follows record monthly production numbers earlier in the year, combining with historically elevated pricing to position DKL for a strong financial performance from this division for the full year. Cumulatively, production in the year to dat

Dekel Agri-Vision (DKL) - Encouraging July palm oil operational update, speaks well of FY23E

Reflecting Crude Palm Oil (CPO) production 2.4x higher than a year ago, an encouraging monthly palm oil update this morning caps a strong period in recent months for the palm oil operation overall. Progress announced this morning is on the back of a productive high season which generated a strong and progressive recovery in CY23E, while in parallel the group also succeeded in bringing the new cashew operation on stream as highlighted in last month's H1 operational update. DKL is an increasingly

Anpario+ (ANP, House Stock at 273p) - Strong HY24A - upgrades!

Premier Foods+ (PFD, House Stock at 178p) - An exceedingly good visit - Carlton

M.P. Evans - In search of the sustainable magic money tree

MP Evans is one of the most efficient producers of sustainable palm oil in Indonesia with a proven track record of developing valuable plantations and, more recently, buying plantations at excellent prices. The 2022 spike in the CPO price created a surge in FCF which has supported the execution of its development strategy, evidenced by the two acquisitions in 2023 and the commissioning of a sixth mill in February 2023. MP Evans is at the start of a ten-year cash flow window where maintenance cap

The Hardman & Co Monthly: August 2023

Feature article: UK interest rates and “risk-free” gilts at their peak? Infrastructure stocks struggle Executive summary Infrastructure/Renewable Energy Funds ► The share price performances of the nine Infrastructure Investment Companies (IICs) and of the 22 Renewable Energy Infrastructure Funds (REIFs) have been dire over the past year. Undoubtedly, the sharp rise in interest rates has presented the sector with serious challenges, especially since the yield on “risk-free” 10-year gilts has r

Hybridan Small Cap Feast - 11September 2024

11th September 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: None Delistings: Bivictrix Therapeutics (BVX.L) has delisted from AIM What’s baking in the oven? Our daily digest of news from UK Small Caps If you would like to unsubscribe, please email enquiries@hybridan.com with “unsubscribe me”. Hybridan Chef

Hybridan Small Cap Feast - 13 September 2024

13th September 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: None Delistings: None What’s baking in the oven? Our daily digest of news from UK Small Caps If you would like to unsubscribe, please email enquiries@hybridan.com with “unsubscribe me”. Hybridan Chefs research@hybridan.com Banquet Buffet*** Greatl

LIBERUM: Genus: Time to go the whole hog?

LIBERUM: Research Reels: Time to go the whole hog?

LIBERUM: Cake Box: Solid momentum in 2H leads to slight upgrades

PANMURE LIBERUM: Genus: Time to feed from the trough

Greggs - Encouraging start to FY24

Greggs’ trading update for the first 19 weeks of the year shows that the company is driving superior revenue growth from its key initiatives of growing space, delivery and evening sales and leveraging the app along with its continuous menu enhancements, despite what has continued to be a challenging backdrop for consumers. The strong revenue growth on top of a tough comparative from the prior year includes both volume and price growth, which compares very well versus many other consumer-facing c

THE MONTHLY November 2019

The trade-off in the risk/reward for gold and gold mining equities is improving, as central banks push the current iteration of the post-World War II Bretton Woods financial order towards its limits.

Hardman & Co Healthcare Index: 2023 – Capital demands dent performance

The Hardman & Co Healthcare Index (HHI) has been running since 2009. Its main function is to highlight the attractions of life sciences investments over the long term. For the second year running, apart from global economic influences affecting world markets, performance in 2023 was dented by the capital-intensive nature of the sector. The HHI fell 3.7%, to 483.8, underperforming the main London markets – FTSE 100 (+3.8%) and FTSE All-Share (3.8%) but outperforming the FTSE AIM All-Share Index (

Anpario+ (ANP, House Stock at 273p) - Strong HY24A - upgrades!