Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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I can see why PHC put a lot of emphasis and effort into Brazilian market, the graph further down on sugarcane illustrates this well.
https://news.agropages.com/News/NewsDetail---49913.htm
Bought in last week based on the AMVAC news.
I remember AMVAC when they acquired Tyratech sometime after I sold out, think those guys were at the same research park in North Carolina.
The story here feels much more compelling with visible progress, valuation is about the same as last two fund raisings.
Current news flow is down to years of investment and planning at some considerable cost, doubt this will go unnoticed.
Why is the LSE share price still showing as the closing price? It should be showing a rise, this happened last week as well. Seems to be a quirk with PHC or maybe it's deliberate.
Agreed bots, also enhances the company to any prospective suitors, PHC now has a sizable foot print for leveraging.
Excellent news. So that’s 40% of the EU.
But for me the big RNS was the product partnership in China. If we’re trading figures 1pencil, China’s arable land represents 10% of the arable land on the planet and feeds 20% of the global population.
We’re not going to get any representative sales figures for a year or more so hard to tell how important different locations are to PHC, but the company now has a platform for significant growth. Or as CR says, he wants ‘a PHC product on every field’.
Time to print the ‘destocking’ results from last year and be shot of them. Look forward to a brighter future.
Plant healthcare now has approvals in 3 of the six of high end EU producers:
'About three-quarters (76.8 %) of the EU’s cultivated area of potatoes in 2020 was concentrated in just six Member States: these were Poland (a provisional 21.6 %), Germany (16.5 %), France (12.9 %), Romania (10.0 %), the Netherlands (9.9 %) and Belgium (a provisional 5.9 %).'
https://ec.europa.eu/eurostat/statistics-explained/index.php?title=The_EU_potato_sector_-_statistics_on_production,_prices_and_trade
This approval differs from last three as mentions 'permits immediate sales of Harpinαβ in Belgium', presumably this is due to Belgium being in the Northern Hemisphere with growing season about to commence.
Target market appears to be potatoes, plenty of supporting data to validate sales.
More good news, that's both approvals granted in Mexico leaving just OBRONA in California awaiting approval.
COFEPRIS APPROVES THE REGISTRATION OF TEIKKO™ AND SAORI™ IN MEXICO Plant Health Care, Inc., announces the COFEPRIS (Federal Committee for Protection from Sanitary Risks) registration of its PHC25279 and PHC68949 products (our SAORI™ and TEIKKO™).
https://www.linkedin.com/posts/plant-health-care-brasil_agro-agronegaejcio-phc-activity-7186721438744104961-JBZN/
With the exception of UK and Poland, AMVAC have operations in the same locations as Plant healthcare, this would make it easy to scale existing registrations fast rather than starting from scratch.
Economies of scale is key here, scale is everything.
Agreed 1pencil,
AMVAC are manifestly a highly acquisitive company and running a slide-rule over PHC. It says as much in the RNS (below).
“AMVAC continues to evaluate PHC’s technology within other markets including Australia, Central America and Brazil as novel products to deliver disease and nematode control in crops such as bananas, potato and soybeans.”
Its worth having a look at AMVAC BioSolutions portfolio, mostly through acquisitions:
Our biological solutions are brought to market by an array of American Vanguard’s companies, technologies, distribution arms, investments, and partnerships, including:
https://www.american-vanguard.com/about/green-solutions-our-growing-global-biological-profile
This was from the footer of today's announcement just in case anyone (like me) missed it:
http://agrinos.com/
'Agrinos Shanghai is a business of American Vanguard in China.
It operates import, production, and direct distribution in China. Its primary focus is distribution of AMVAC's GreenSolutions product portfolio and using a technical sales model focusing on biological solutions with positive returns to growers.
Agrinos China has experienced double-digit growth over the last few years and has expanded its geographical reach into new territories with China'
AMVAC is one of several companies I follow in an effort to gauge supply/demand, from their March 14th earnings release:
Eric Wintemute, Chairman and CEO of American Vanguard, stated: "We rebounded sharply in Q4 after having weathered the effect of global destocking within the distribution channel, the oversupply of Chinese generic products into multiple regions, and the unavailability of our most profitable products due to supply chain issues.
Increased demand during Q4 provided evidence that destocking activity continues to subside and that, even while showing greater discipline, procurement within the distribution channel is following more normal patterns.'
https://finance.yahoo.com/news/american-vanguard-reports-fourth-quarter-202600549.html
Nothing as I can see on the News feeds, Proactive etc which may have helped the SP. I'm sure if it had been EDEN it would be out there.
DD77
Didn’t we do the AIM wobbles last year?
PHC ended up committing to AIM following a shareholder consultation. CR has also said that PHC calls the shots not large investors.
I realise that PHC stock is illiquid, but once the recovery is recognised by the investing community, shares will likely gain popularity. Especially given the company,s globally green status. I,m also noticing all my AIM stocks turning around, so perhaps we,re entering a new small cap bull market.
The muted SP reaction to today's RNS hardly helps
This is my biggest fear/concern with PHC. I know they reviewed this last year and decided to continue but Griffiths has influenced ETX and C4XD in the past month to delist. Given his significant holding here, I'm concerned he will encourage them to do the same. It would be disastrous for PIs at this level. So undervalued.
The main difference is ETX and C4XD require lots of capital and sit in the life sciences sector, unlike PHC which may make a difference but I'm still concerned
Seems like this company's going places with its worldwide deals
Loving the global reach ambitions of this company, year round sales following the seasons.
Well this is a nice RNS to wake up to.
If a distribution deal for our products can be bigger than this, please let me know.
We await the SP reaction on LSE AIM.
There seems to be an endless flow of mostly positive news around biostimulants, one blog mentioned 'biostimulants' as the consistent highest searched topic.
European Commission looking into ways of bringing biopesticides to market more quickly
https://agenceurope.eu/en/bulletin/article/13385/8
Comprehensive write-up/overview on various crops, fruits and vegetables, also mentions a visit to CASI, this looks like a sizable operation involved with PHC:
Visit to CASI
The Mexican delegation wanted to learn from Plant Health Care about the CASI cooperative , the largest tomato cooperative in Europe that sells more than 250 million kilos. We are welcomed by Antonio Bretones, president of CASI, and Juan Francisco Cruz, director of operations at CASI.
https://agroautentico.com/2024/04/plant-health-care-vuelve-a-unir-mexico-con-espana-a-traves-de-la-agricultura/?
ETX another company throwing in the proverbial towel with London market. Richard Griffiths who is holder in PHC looks to be supportive of the move.
From the consultation last year, it appears UK institutions would rather keep a London listing but at the same time show little market interest, market trades are tiny.
https://www.londonstockexchange.com/news-article/ETX/proposed-fundraise-of-ps28-9m-and-cancellation/16415632
Not sure if the formatting will work, here are the ten PFAS pesticides found in this data were as follows:
(According to 2022 results of UK government residue testing programme)
Cyflufenamid Fungicide Grapes, strawberries
Flubendiamide Insecticide Spice
Fluopicolide Fungicide Cabbage, cucumber, lettuce, spinach
Fluopyram Fungicide Beans, cherries, cucumber, grapes, lettuce, peaches/nectarines, potatoes, strawberries, tomatoes
Lambda-cyhalothrin Insecticide Apricots, beans, cabbage, cherries, grapes, lettuce, peaches/nectarines, spinach, strawberries, tomatoes
Pyridalyl Insecticide Tomatoes
Sulfoxaflor Insecticide Apples, beans, cabbage, cherries, cucumber, grapes, lettuce, peaches/nectarines, spinach, strawberries
Tau-fluvalinate Insecticide Cabbage, cherries, spinach
Tetraconazole Fungicide Apples, beans, grapes
Trifloxystrobin Fungicide
Apricots, beans, cherries, grapes,
peaches/nectarines, strawberries, tomatoes
If we take grapes as an example, one would have thought concentrations would be higher in grape derived products such as wine.
https://www.pan-uk.org/site/wp-content/uploads/PANUK_PFAS_PressRelease.pdf
This report has made its way into todays national press, quite alarming really:
New research reveals that many common UK food items contain PFAS pesticides. PAN UK analysed the latest results from the UK government’s residue testing programme, finding that ten different PFAS pesticides were present in spices and a range of fruit and vegetables including grapes, cherries spinach and tomatoes. Strawberries were found to be the worst offenders, with 95% of the 120 samples tested by the government in 2022 containing PFAS pesticides.
https://www.pan-uk.org/pfas-forever-chemicals/
Daily Mail
https://www.dailymail.co.uk/health/article-13283885/Are-unknowingly-eating-forever-chemicals.html