Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Some dip in the sp recently, despite predictions of positive progress. Seems there are more sellers than those seeing a bright future.
Another piece of the jigsaw, PHC has good ties with Agri UK/Origin with Chris being involved in both.
Quite a few products now lining up for 2024 growing season, should help continue momentum especially if H2 comes in as expected.
Wakey wakey.
More good news with a significant distribution deal with AGRII.
Well that’s bold.
Good luck to them.
Correction, they have a derivative (SB) which combined with cash holding takes them over 3% to 3.556%
Assume new holder with just under 3%
https://www.londonstockexchange.com/news-article/PHC/holding-s-in-company/16146936
Did anyone catch the H2 guidance question during Q & A session?
JT seemed comfortable meeting Cavendish's H2 guidance of $10m being needed, one of the Jeff's also commented the second half is off to as good start.
If they can hit $15.9m for f/y that would be an incredible turnaround, we are also half way through which may reflect their positive outlook.
MOSHY and TEIKKO it is then, memorable names, I do struggle with numbers for product identification.
Comprehensive presentation with some very good answers, tbh I had none left to ask by the end - payment expected from long standing customer next month.
Both Jeff's seemed upbeat about H2, JH confirmed off to a good start.
bots, agree, your points were echoed during presentation.
I long suspected the drought issue was going to be a problem being too severe, webinar might add some clarification on this - it would be helpful to know if the distributor mentioned has also paid up.
1pencil - agree. The money raised was meant to be used to meet increasing demand (at least I thought that was what it was for) so I found these results surprising. I sold about half of my holding yesterday on a gut feeling; I MIGHT buy it back at some point, but not at this price
Sales ARE strong iPencil!
* Revenue in Brazil was up 48%
* Revenue in Mexico was up 12%,
* Sales in Europe were flat.
Then we get this:
"In the US, distributors delayed purchases of all agricultural inputs in H1 2023 to drive down inventories in a negative market. Accordingly, US sales were down 56% in the period, resulting in low inventories in the channel, pointing to strong sales in H2 2023. Customer on-ground sales in the field grew strongly, with Employ(R) up 35% and FASTAND up 9%."
--------------
So...
US distributors are 'delaying' purchases of all agricultural products to reduce inventories (and monetize current stocks in their possession). Thus PHC sales to the 'distributor' are down for H1 period.
But 'on the ground' US sales (to farmers) are UP with Employ(R) up 35% and FASTAND up 9%. This suggests that distributors will buy more PHC products in H2 thus boosting revenue for the FY results. They have to buy at some point.
The statement given during fund raise stated H1 trading as being strong, not sure I would count 1% as being strong.
Those in the fund raising can't be too happy.
Seems like those interim results have created panic in some investors. Makes no sense to me.!
It was the best of times (and PHC shows revenue growth).
… and it was the worst of times (and PHC shows revenue growth).
Sounds like an investable company to me.
…. Shame about the worst of times though. My comfort is that PHC will have almost 3 months of data from H2 and seem genuinely upbeat about FY results.
I've just re-read the press release, guidance is highlighted twice albeit in a slightly different context.
Yes, reiterating long term guidance with a rationale behind registrations.
Great to see PHC setting up the potential for sales growth beyond 2025 and the coveted $30m target.
I have to keep reminding myself of what's what approval wise hence extracts below:
Brazil
In Brazil, further development work is under way to build on the successful 2021 launch of Saori for the treatment of Asian Soybean Rust and other soybean diseases. The Company plans to register a new liquid formulation of Saori, to complement the granular formulation launched in 2021. An application is expected to be submitted to the Brazilian Ministry of Agriculture, Livestock and Food Supply (“MAPA”) in 2023, with approval targeted for 2024.
https://www.planthealthcare.com/products/Saori#:~:text=Saori%20promotes%20healthy%20growth%20of,a%20huge%20opportunity%20for%20Saori.
Article
Biopesticide technologies, their market potential in Brazilian, Argentine soybean markets
https://news.agropages.com/News/NewsDetail---47777.htm
What about 'Nemolizer. kind catchy, no?
Good article, articulates the benefits very well
Great news article about PHC949
https://news.agropages.com/News/Detail-47726.htm
It's about time they gave it a name. How about "Repellanem" --- You can have that one for free PHC....
UN report, Climate change - not good news for us hoomans..
https://www.cnbc.com/2023/09/08/climate-un-report-shows-world-is-not-on-track-to-avert-catastrophe.html
EU levels per hectare are being reduced for those countries above the limit, Ireland for example had a concession but this has been brought more inline with other member states.
Not much info on this subject, but it seems as though using lower levels of nitrate fertilizer in conjunction with bio stimulants may yield similar or even better results.
BIOSTIMULANTS AS A SAFEGUARD TO PLANTS AGAINST POOR NITROGEN SUPPLY
https://www.biostimulant.com/biostimulants-as-a-safeguard-to-plants-against-poor-nitrogen-supply/
Ergomed the latest buyout
https://www.londonstockexchange.com/news-article/ERGO/recommended-cash-offer/16108414
According to Barrons these guys have recently purchased a small holding of 4.8m shares.
The two fund managers Guy Feld Eustace Santa Barbara heading it up also run the Special situation funds, some commentary here:
https://www.marlboroughfunds.com/2023/07/06/flurry-of-ma-activity-highlights-valuation-opportunity-in-uk-smaller-companies/
Barrons (scroll down)
https://www.barrons.com/market-data/stocks/phc?countrycode=uk&mod=searchresults_companyquotes&mod=searchbar
01/09/23
Plant Health Care Europe
Plant Health Care obtains the Zero Residue certification (without pesticide residues) for its new product PREzym™ granted by the ZERYA quality mark. In addition to the fact that the proper use of PREzym™ gives greater resistance during periods of stress and a better general condition of the crop, it is added now that it has Zero Residue. PREzym™ promotes a resistant crop and is a sustainable and environmentally friendly product. This certification is very strict and is an "extra" of confidence for the farmer and for the final market: supermarket chains increasingly increase the demand for zero waste food.