Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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has just bought a nice big wedge today..mm signals this morning…buy of 30 shares…deal for 150 000 goes through…deal of 421 shares go through….job done
Good interim update on the whole - especially when considered in conjunction with the attached - http://www.bbc.co.uk/news/science-environment-26382067 GLA
I think you are missing my point, Bugoil is also in part an alternative to neonicotinoids which are currently either banned or under review in various areas - this creates an opportunity for Bugoil to substitute (in part at least) for this 'product gap' and gain a foothold in the market targeting the pests and subsequent diseases that are targeting bee colonies without harming the bees and affecting their own immune systems
From what I can gather Bugoil competes with and synergises with a class of compounds called avermectins…….which are not banned
I'm fully aware of what it is and it is a natural alternative in part to neonicotinoids and therefore highly relevant to this issue and has also been proven in previous trials (going back well over 6 or 7 years) to have no harmful effects whatsoever to bees
Bugoil is neither an anti-viral or anti-fungus……kills bugs though…and very effectively according to the research from all those years ago!!
http://www.bbc.co.uk/news/science-environment-26242960 Maybe we can still jump on the back of this ! That's if Bugoil is still in the mix for PIM !!!
The one and only blue in my portfolio amongst a forest of red! Happy I kept faith.
Director Buys: 200000 purchased by David Jones @ 14.5p, most interesting news for several months
Interesting. Somebody's dump order from yesterday has gone through…430 000 at 13p Since that time there has been largely buys. if that is the end of the seller, the overhang should be pretty close to being bought up
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
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
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!!
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 !
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
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 !
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 !!!!
"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 ...
You may have a point there are now too many games, the AIM Market is a minefield!
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
What can you say in 2 x RNS that couldn't be said in 1,
Chairman's Statement Since I last reported, Plant Impact plc ("Plant Impact, the "Company" and together with its subsidiaries, the "Group") has made good progress with all elements of its strategy. The intent of the Board which I described then, was to focus the Group towards sales in high value horticultural crops close to home, to secure a first move into broad acre crops in partnership with an agrochemical major in Brazilian soy and to secure distribution for our turf (golf) product in the USA. All of these have been accomplished. A new product for high-value tree fruit launched in the UK and Holland (Amētros) was well received by growers in its first year. We were delighted to secure a significant partnership programme with Bayer CropScience to launch Veritas in the vast Cerrados soy area in Brazil (which is described in a separate Q1 2014 trading update also released today), and we made our first trial sales into US golf in preparation for a launch in 2014. These are all exciting foundation achievements, exemplifying management's ability to deliver to strategy. Our balance sheet was strengthened in May 2013 by the repayment of an outstanding development loan to Arysta LifeScience Corporation ("Arysta") of £652,276. Plant Impact is now debt free. In the period, the Company raised equity capital of £2,368,588, primarily to fund its expansion into Brazil and the launch of new products into European markets. Less satisfactory were the European sales for the sixteen month transition period. In our May trading update, we highlighted our objective to achieve break-even operating income and cash flow in the six month trading period ended 31 July 2013. We did not achieve that. 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. I am delighted by the quality of staff now committed to Plant Impact and their achievements this year. Further, I should like to thank you, our shareholders, for the support you have given Plant Impact in the last year and for your interest in the Company. It was a pleasure to have a 'full house' at our mid-summer investors' day in Rothamsted. It was ou
o Change of Financial Year from 31 March to 31 July; sixteen month transition period completed o Decrease in turnover to £1,601k due to decline in Europe (2012: £1,927k) o Crop nutrient revenue £1,351k (2012: £1,927k) o Pest control revenue £250k (2012: nil) o Crop nutrient gross profit margins reduced to 67% due to product mix (2012: 75%) o Exceptional Expense of nil (2012: £475k) o Operating Loss reduced £1,803k (2012: £1,929k) o Cash at 31 July 2013 of £1,266k (2012: £1,346k) o Borrowings at 31 July 2013 of nil (2012: £842k) Post Year End o First invoiced sales of Veritas to Brazil o Shipments of first product to US turf market
It would be a gamble to buy at these prices but my dealers will not quote for over £1000's worth!
At least it has sparked some movement on the market ! Hopefully those topping up today will benefit from a recovery after the later news ;)