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

Dekel Agri-Vision - H1-23 operational update: palm oil production continues strong with high prices

6-month palm oil volumes flagged in this morning's DKL operational update are substantially ahead YoY overall with Fresh Fruit Bunches (FFB) up 52% for the period to end June and Crude Palm Oil (CPO) posting a 49% increase. The numbers thus reflect a strong and progressive recovery in the current year while the group also succeeded in bringing the new cashew operation into operation. DKL is an increasingly diversified agricultural group focused on West Africa (Côte d'Ivoire), with activities w

Spotlight on performance nutrition

Performance nutrition is an attractive category given its high growth rate. The sector is fragmented but this is an advantage for Glanbia as it is the only global player and hence it can seize the opportunity to cement its leadership both organically and through acquisition, which should give the company a lasting competitive advantage.

Anpario+ (ANP, House Stock, 318p) - Site visit - solid platform for growth

Hybridan Small Cap Feast - 28 Apr 23

28th April 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment object

Hybridan Small Cap Feast 30 Nov 23

30th November 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obj

Hybridan Small Cap Feast - 16 July 2024

16th July 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? ** Potential**** Initial Public Offerings: ITF announced: 8th July 2024: Rome Resources: The Canada-based early-stage resource exploration Company has announced its intention to IPO on AIM in order to co

Initial Equity Trading Comments - 16 May 2023

Anpario+ (ANP, House Stock, 218p) - AGM update; FY23F in line

Anpario+ (ANP, House Stock at 228p) - HY results; improving H2 outlook

Anpario+ (ANP, House at 240p) - FY23F ahead of expectations– upgrades!

Anpario+ (ANP, House Stock at 230p) - FY24F upgrades - recovery play

Anpario+ (ANP, House Stock at 298p) - Strong AGM update– FY24F unchanged

Greencore Group+ (GNC, House Stock ay 180p) - Another beat, further upgrades