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Plant Impact Share Chat (PIM)



Share Price: 24.625Bid: 23.75Ask: 25.50Change: 0.00 (0.00%)No Movement on Plant Impact
Spread: 1.75Spread as %: 7.37%Open: 24.625High: 24.625Low: 24.625Yesterday’s Close: 24.625



Share Discussion for Plant Impact (PIM)


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hereandnow
Posts: 327
Answer
Opinion:Hold
Price:14.50
View Thread (6)
RE: Southern Hemisphere
22 Nov '13
I doubt they have stocked up for two crops. That would tie up a lot of capital. If they saw another crop being a reality, they could always order some more product
 
greedisvgood
Posts: 80
Off Topic
Opinion:No Opinion
Price:14.50
View Thread (6)
RE: Southern Hemisphere
22 Nov '13
There was also mention at some point of Brazil attempting 2 seasons in 2013 - hopefully this may still be a possibility and another round of revenue (if not already ordered) may be possible

On the downside if they have ordered for this eventuality and it's not possible there may be 2 year's sales already covered
hereandnow
Posts: 327
Answer
Opinion:Hold
Price:14.50
View Thread (6)
RE: Southern Hemisphere
22 Nov '13
if you look at the results statement, they talked about customers in the n. hemisphere not re-ordering,

'The business over that reporting period relied primarily on the Northern European sector, specifically our markets in the United Kingdom, Benelux, France and Germany. Each were challenged by high in-market stocks of our products which we expected distribution to sell out and then re-order. The very cold and prolonged spring coupled with a hot dry summer deterred growers from investing in new products and so farmer usage did not pull through enough distributor carry-over stock to trigger re-ordering. However, the decline in sales into the channel masked a small increase in farmer usage year-on-year. Furthermore, management made impressive progress broadening and deepening awareness of the performance of Plant Impact products at the grower level. This is an accumulating asset that we expect will be converted into sales in the coming seasons.'

if this statement is true, it should imply that distributor stocks are relatively low so next years ordering should not be affected by having left over stock. this should help next year's sales; let's hope winter doesn't last as long!!
greedisvgood
Posts: 80
Off Topic
Opinion:No Opinion
Price:14.50
View Thread (6)
RE: Southern Hemisphere
22 Nov '13
If that's the case the next Qtr results may dip back to previous levels, the 3rd Qtr (if the Northern Hemisphere revenue isn't recovered) could be at last year's level or worse and this could be repeated in Qtr 4

Hopefully they can recover or rebuild the Northern Hemisphere sales or the whole scenario will have turned on it's head

Effectively if we are both correct in our assumptions this 1st Qtr announcement is a bit of a sweetener for the disappointing annual results but then this could be followed with 3 quarter's of negative news, and hopefully the Southern Hemosphere orders already fulfilled will only cover usage for this season rather than covering the next season too !
hereandnow
Posts: 327
Answer
Opinion:Hold
Price:14.50
View Thread (6)
RE: Southern Hemisphere
22 Nov '13
I would imagine that the southern hemisphere's orders are largely completed by now. Bayer would have ordered enough to cover customers for the season…they don't want to run out of stock in the middle of a product launch. they have invested a lot of time , people and money in staff and customer training
greedisvgood
Posts: 80
Off Topic
Opinion:No Opinion
Price:14.25
View Thread (6)
Southern Hemisphere
22 Nov '13
Hopefully the £738k revenue isn't again covering stock for future periods and this revenue will be repeated over the coming months - this would be a silver lining if that's the case but unfortunately after years of missed targets the temptation is to accept this announcement with a bag of salt !

If these revenues are to be repeated maybe we will see break even finally - hold on this could be a roller coaster 12 months !
greedisvgood
Posts: 80
Off Topic
Opinion:No Opinion
Price:14.25
View Thread (2)
RE: jambos
22 Nov '13
Extremely disappointing results but fully expected to be honest after the muted warnings over the last year or so

PI really has no other option but to step up swiftly and start showing the results to go along with its projections - unfortunately this has not happened for a VERY long time indeed and the excuses wore thin some time ago

Quite basically if you take out the 'one-off' £250k revenue and pro-rata the 16 month revenue back to a 12 month period we are looking at a 47% decrease in sales !

Extremely worrying particularly when you consider it appears that the company cannot retain existing and previous business - is this because the products don't actually do what they say on the tin, other competitors have jumped in with their own products, or simply ineffective account management ? Surely if the products are effective they should sell themselves to established contacts !

Granted the weather hasn't been great but a 47% decrease ? Even more worrying is the fact that possibly the previous revenues have been inflated by overstocking at distributor level meaning current and future sales are compromised ! I seem to remember the current BOD making an issue of this with the previous board but it now appears they have slipped down the same route !!!!
ecovest
Posts: 876
Off Topic
Opinion:No Opinion
Price:14.25
RNSs
21 Nov '13
"This year's commercial launch has resulted in material sales which are described today in a Q1 2014 trading update, and the full impact will be reflected in the Company's financial results for the six months ending 31 January 2014."

Well hopefully these will be better ...
casino
Posts: 511
Answer
Opinion:No Opinion
Price:14.25
View Thread (2)
jambos
21 Nov '13
You may have a point there are now too many games, the AIM Market is a minefield!
jambos123
Posts: 697
Off Topic
Opinion:No Opinion
Price:14.75
take3 rns
21 Nov '13
what a mess 3 rns out you could have put all the info on 1 but they have spooked the market with there 1st rns so crash goes the share price ( perhaps this was there plan) mmm dodgy



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