PUNT OF THE WEEK: Dekel Agri-vision’s stock is up almost 50%

PUNT OF THE WEEK: Dekel Agri-vision’s stock is up almost 50% as the price of palm oil soars

What is it?

An agriculture company that produces palm oil in Ivory Coast, West Africa. It joined AIM in 2013 and is worth £16.3million.

What’s the latest?

In December it joined with European renewable energy firm Green Enesys Holdings to develop a solar and biomass plant in Ivory Coast. 

A second palm oil plant is under development and a cashew processing facility opens this year.

Who backs it?

Co-founder and chief executive Youval Rasin is the largest shareholder, with a 15.9 per cent holding. Individuals make up many of the top-10 investors. 

The Government-backed social impact investor AgDevCo holds 9.7 per cent of shares.

Why should you invest?

Palm oil prices are soaring and have sent Dekel Agri-Vision’s stock up almost 50 per cent since the beginning of December.

Its move into cashews and power producing will help it diversify in future.

And why shouldn’t you?

Commodity prices can be volatile and if the value of palm oil is hit, Dekel Agri-Vision would likely take a bruising. Developing new projects could be expensive over the coming years.

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