The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Wilbur-Ellis Company
https://www.youtube.com/watch?v=_BqSG95n8ic
Most holders save the recent few will still be underwater, the major fund raise in March 21 for example was at 14p, the one after that for $3m or so, 9p.
'Plant Health Care plc, a leading provider of novel patent-protected biological products to global agricultural markets, today announces its intention to raise up to US$10.0 million before expenses by way of (i) a placing of new Ordinary Shares ("Placing Shares") at a fixed price of 14 pence per new Ordinary Share'
https://www.lse.co.uk/rns/PHC/proposed-placing-and-subscription-0l1wzzjorubyp3k.html
The overstocking issue seems to have affected different companies at varying levels with a bounce back in biostimulants being helped by a more general move towards these technologies, i.e when old stock of conventional products has gone is being replaced with more sustainable alternatives.
Chatting to a fellow investor, his interest has been the number of conventional products being withdrawn from the market this year, I'll try and post some examples later this wk.
I can’t see a strong resistance until we get into the 9P zone. Given that we’ve just started a new bull market, the upside here, if justified with fundamentals and positive news, is excellent.
Holding tight.
This is doing well and an interesting share keeping my eyes open on this
A few US listed Ag companies are breaking out of trading ranges, or close to: Corteva, FMC, Nutrien.
Commodity prices also showing strength, consumers in EU are experiencing potatoes shortages in some regions:
'On April 16th, the Mintec Benchmark price for English white potatoes hit an all-time high of £570/MT, marking a 90% year-on-year (y-o-y) increase. Market sources anticipate a continued upward price trend due to tightening supply in the coming months. '
https://www.mintecglobal.com/mintec-customer-blog/uk-potato-prices-at-record-highs
Helps farmers justify investment, soil health and so on ..
Given the rise in SP today, I suspect the seller (Griffiths?) is now out. I hope so, I’d feel much happier if he and spreadex departed the register
I would expect something this week, odds on the sell side volume was his given he has been a constant seller.
Has Griffiths gone,or below 5%.Thanks.
Interesting developments last week, top five holders now have over 51% of the equity.
Ospraie AG Science 17.00%
Scobie Ward 13.10%
Janus Henderson - Law Debenture Corporation Plc 9.76%
Newlands 6.00%
Michael Hennigan 5.57%
Total 51.43%
Very interesting article from just over a year ago to help support a decision of whether to invest in Phc or not:
http://www.nae.edu/19579/19582/21020/266337/266373/Peptides-as-a-New-Class-of-Biopesticide
Said this would happen after recent results, good to see recovery
Interesting sudden jump back up almost to pre Nov drop level
Nice to see the SP finally starting to move. Still under half my average but small steps in the right direction
I think it more likely to be Michael Hennigan who has holdings in Oberon Investments Group PLC, could become interesting though as Oberon have their own venture capital arm.
https://oberonprivateventures.com/our-portfolio/
2 were cancelled, so just 1 x 7.5m trade through and that was from yesterday so relates to Hennigan.
All positive though, and nice to see the SP upturn. Let's hope it's just the start
I agree, this could be the prelude to a bid.... but anywhere near this price is way, way too cheap.
I kinda hope I'm wrong; 2024-5 should see amazing growth from PHC taking us north of 20p IMO.
It states on the TR1 'Non-UK issuer'..
Its not the chap from Nutrien is it ..?
The game is afoot, 5 x 7.5m trades being printed, if none are cancelled and my sums are correct that's another 10% + gone through....
Hmm,a Michael Hennigan has appeared on the register.The plot thickens.
Hopefully it’s Griffiths or Spreadex exiting
Another 2% plus this morning, remains to be seen if they are actual trades and not inter fund transfers or similar, we should have enough for TR1 notifications by now.
If it clears the overhang we could be off to the races.
5% of the shares traded today, should get a TR1 buy/sell side, my guess would be Griffiths as existing holding close to this figure.
Cobbled together from my notes, maybe the odd error but overall not too far off.
Ospraie AG Science 17.00%
Scobie Ward 13.10%
Janus Henderson 9.76%
Newlands 6.00%
Richard Griffiths 5.54%
SPREADEX 4.80%
Lombard Odier 4.55%
Boulder River 4.12%
Hargreaves Lansdown m 3.65%
Premium Fund Managers Limited 3.18%
IG 3.26%
Total 74.96%
Nice increase by the Newlands, register is starting to condense with top four now holding just under 46%
David and Monique Newlands from 4.582 > 6.00%