Cantor Fitzgerald has published a note on what it regards as two AIM listed rising stars.
First up is:
DekelOil, the low cost producer of palm oil in West Africa, released its full year production update, achieving record CPO volumes for a Q4 period which, at 7,055 tonnes, were 48.9% higher than Q4 2016. The company is now set to complete the planned capacity increase at the Ayenouan mill ahead of the peak harvesting season starting in February. Adam Forsyth at Cantor Fitzgerald, issues a BUY RECOMMENDATION and target price of 24p, a 155.3% increase on its current SP, stating “The production numbers and underlying return to form give us confidence that this will drive growth at least in line with our forecasts”
Plutus PowerGen, the power-company focussed on the development and operation of flexible energy generation in the UK, announced more completions to its now totalling portfolio 120MW. Further sites are in the pipeline in accordance to their aggressive development schedule. Adam Forsyth at Cantor Fitzgerald, commented “It now has a meaningful operating portfolio and continues to grow the asset base”. Cantor reiterates a BUY RECOMMENDATION and target price of 3.6p, a 76% increase in SP.