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Pin to quick picksDekel Agri Share News (DKL)

Share Price Information for Dekel Agri (DKL)

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Share Price: 1.225
Bid: 1.20
Ask: 1.25
Change: -0.20 (-14.04%)
Spread: 0.05 (4.167%)
Open: 1.425
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AIM WINNERS & LOSERS: Dekel production drops; boohoo sales grow

Thu, 10th Mar 2022 11:15

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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Parsley Box Group PLC, up 21% at 21.80 pence, 12-month range 18.00p-202.50p. Reveals plans for a GBP7.0 million equity raise, a day after its shares plunged by a quarter. The Edinburgh-based meal delivery firm had made no announcement on Wednesday to trigger the sharp fall in its share price. However, before the market open on Thursday, the company announced plans for a GBP5.9 million share placing and an open offer to raise up to GBP1.1 million. The issue price will be 20 pence. Parsley Box listed in March last year at 200.00p per share, but shares have wilted since, amid lower order numbers and restricted stock availability. Shares closed at 18.00p on Wednesday. Back in December, Parsley had warned it planned to raise further funding in the first quarter of this year. On Thursday, it said it will use the fresh cash to target new customer acquisition and "develop an online customer journey tailored to our demographic".

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boohoo Group PLC, up 16% at 91.14 pence, 12-month range 69.82p-359.00p. Warns that high return rates will continue to hit sales, though it expects annual profit to be in line with market forecasts. The online retailer said its fourth quarter net sales grew 7% annually, or 48% on a two-year basis. It meant that for the year, net sales climbed 14% yearly and by 61% on pre-virus times. "As expected, net sales growth in the quarter was impacted by higher returns rates year-on-year due to product mix. This is expected to continue in the first half of FY23," boohoo added. For the year ended February 28, boohoo expects to report group adjusted earnings before interest, tax, depreciation and amortisation of GBP125 million. It is an outcome that would be in line with guidance and market expectations, though down 28% from GBP173.6 million a year earlier.

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AIM - LOSERS

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Dekel Agri-Vision PLC, down 9.9% at 5.69 pence, 12-month range 4.35p-6.30p. Says crude palm oil 'high season', normally in February' has "yet to commence". As a result, CPO production drops 41% in February versus a year prior. Fresh fruit bunches processed falls to 13,683 tonnes from 23,648 tonnes. CPO sales slump 23% to 3,600 tonnes from 4,754 tonnes. More positively, average palm kernel oil price per tonnes increases to EUR1,447 from EUR778. "Local experts who carry out fruit bunch counts and fruit ripening assessments currently estimate the high season to commence in April. In terms of agronomic conditions, there has been no material differences in rainfall and sunlight hours noted over the past 12 months to pin point any specific reasons for the seasonal variations which also included materially higher FFB volumes than normal in the second half of 2021," company says.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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10 Jun 2024 14:22

Dekel Agri-Vision boosts extraction rate at Ayenouan palm oil project

(Alliance News) - Dekel Agri-Vision PLC on Monday released an update on monthly production at the Ayenouan palm oil operation in Ivory Coast.

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10 May 2024 11:42

Dekel reports solid year-to-date palm oil production

(Sharecast News) - Dekel Agri-Vision reported a solid set of production numbers for April at its Ayenouan palm oil project in Côte d'Ivoire on Friday.

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11 Apr 2024 11:10

Dekel Agri-Vision eyes strong first half as palm oil production grows

(Alliance News) - Dekel Agri-Vision PLC on Thursday said it is on track to deliver strong first half results after it reported a boost in production at its Ayenouan palm oil project in the Ivory Coast.

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11 Mar 2024 12:51

Dekel Agri-Vision "well positioned" as palm oil output up in February

(Alliance News) - Dekel Agri-Vision PLC on Monday said it continued its "excellent start" to 2024, reporting another increase in crude palm oil production.

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11 Mar 2024 12:25

Dekel reports rise in crude palm oil production

(Sharecast News) - Dekel Agri-Vision reported significant growth in some key metrics in its February production update for the Ayenouan palm oil project in Côte d'Ivoire on Monday.

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13 Feb 2024 14:57

Dekel reports mixed month at Ayenouan palm oil project

(Sharecast News) - West Africa-focussed agriculture company Dekel Agri-Vision released its monthly production update for January on Tuesday, from its Ayenouan palm oil project in Côte d'Ivoire.

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13 Feb 2024 09:57

Dekel Agri-Vision reports higher output but crude palm oil price fall

(Alliance News) - Dekel Agri-Vision PLC on Tuesday reported a big increase in palm fruit and oil production last month, albeit the price of crude palm oil fell sharply.

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11 Jan 2024 11:34

Dekel Agri-Vision production rises in 2023, but prices plummet

(Alliance News) - Dekel Agri-Vision PLC on Thursday said its palm oil production surged by half in 2023 from its Ayenouan site in the Ivory Coast, but noted that prices fell.

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11 Dec 2023 15:31

Dekel reports record month for palm oil operation

(Sharecast News) - Dekel Agri-Vision reported an exceptional performance from its Ayenouan palm oil project in Côte d'Ivoire in November on Monday, setting new records for production and sales.

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10 Nov 2023 14:20

IN BRIEF: Dekel Agri-Vision production up but sales and prices fall

Dekel Agri-Vision PLC - West Africa-focused agricultural company - At Ayenouan palm oil project in Ivory Coast, number of processed fresh fruit bunches grows 16% year-on-year in October to 8,886 tonnes from 7,661 tonnes a year prior. Crude palm oil production climbs 2.8% to 1,723 tonnes from 1,677 tonnes. Average CPO price per tonne however falls 26% to EUR788 from EUR1,057. Further, CPO sales decrease by 5.4% to 1,483 tonnes from 1,567 tonnes. Palm kernel oil production increases 15% to 150 tonnes from 131 tonnes. Average PKO sales price drops 27% to EUR838 per tonne from EUR1,151. PKO sales fall 12% to 199 tonnes from 225 tonnes.

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10 Nov 2023 09:45

Dekel palm oil production rises, but sales weaken

(Sharecast News) - West Africa-focussed agriculture company Dekel Agri-Vision said in an update on Friday that its palm oil operation continued its upward trend in production in October, marking the eighth consecutive month of increased like-for-like production year-on-year.

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10 Oct 2023 14:01

Dekel Agri-Vision performing "close to record levels" amid high sales

(Alliance News) - Dekel Agri-Vision PLC on Tuesday reported an increase in its quarterly production and said its sales volumes more than doubled.

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28 Sep 2023 11:55

EARNINGS: Dekel hails palm oil operation; Science in Sport revenue up

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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8 Sep 2023 13:59

Dekel reports robust month for palm oil operation

(Sharecast News) - West Africa-focussed agriculture company Dekel Agri-Vision updated the market on its Ayenouan palm oil venture in Côte d'Ivoire on Friday.

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8 Sep 2023 11:59

Dekel Agri-Vision August palm kernel production skyrockets

(Alliance News) - Dekel Agri-Vision PLC on Friday said crude palm oil and palm kernel production soared in the month of August compared to a year ago.

Read more

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