Excellent news today. It has been a long wait, but finally, making a profit. Immediate sales growth promised in the next year. The medium term growth will continue with Veritas roll out in Argentina and the USA. Medium to long term, new products for soya and wheat to roll off the R&D production line. Seems like this little junior has a rosy future
It's been a rocky road and rollercoaster for the last 5 years or so but definitely worth a punt even at the increased price as the directors have share options which are not worth much as yet so the incentive is there ! Plus they have only just hit profit so only the most nervous or cash hungry investors will have cashed in up to this point, even with the new issue which at least is at market price !!!
Bull points 1/. Check out the CEO and Chairman's history. Their roots are top jobs at Multi billion pound agrochems. They chose to join PIm , a £25million minnow. Brubaker has done everything he set out to do 3 years ago. Someone to have faith in 2/. Last two placings have been at prevailing SP, no discount, great signpost. 3/. The relationship with Bayer is transformational. No more door knocking but proper roots to market with a top class partner 4/. look at the latest article on proactive investors which references new products for soya and new products for wheat. don't expect new product launch for at least 2 years but from then on we could see new products every year or two as results from r&d investment come through. Broad acre products are the key as the applicable market is massive. veritas is a real winner product
bear points 1/. Personally, I do not expect Ametros to do brilliantly this season. The apple market has collapsed with over supply caused by trade sanctions between Russia and Europe. I can't see farmers dropping money on a product which, atm, is barely worth harvesting. Time will tell here, atm, they say they are trading in line.. 2/. you never know when another company will come up with a wizz bang product…it is not something I worry about unduly , not something I can really monitor 3/. i imagine a lot of retail investors will have sold out/taken profit over the past 6 months. i have sold down half of my holding( been here for over 6 years) but will hold the rest now and watch the story unfold.
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