Yesterday afternoon Dekeloil (DKL) issued a correction to a Q3 trading statement published on 18 October which, for reasons I cannot fathom, was not accompanied by the sacking of the company's FD.
Hello Share Mulchers. Anyone fancy investing in palm oil? I thought not. It can get a jaundiced press for the effect it can have on gorillas and other animals that rely on palms. But it’s the general criticism that might lead you to research DekelOil (DKL).
It may be said that for some bulls of shares of Dekel Oil (DKL) the wait for the company to reach the “promised land” at least in terms of production has been rather longer than they might have hoped for. What now for the share price?
Optiva Securities has initiated its coverage on DekelOil Limited (DKL), the West African focussed palm oil developer predicting first output by Q4 2013 and recommending that investors buy the shares at 0.98p with a 1.63p target.
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