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By chance, Lion Trust is featured in today's Mail article
https://www.thisismoney.co.uk/money/markets/article-12717623/The-FTSE-350s-worst-performers-2023.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html
Many of the Investment funds I follow are sitting at multi year lows, the whole redemption thing is feeding on itself as funds sell assets to meet their obligations. Funds held by other institutions such as Lion Trust are in a worse position with both retail and institutional selling, Lion Trust for many years was highly converted by the likes of Buffettology which hold sizable stakes.
Hopefully a change on rates will see some of the declines reversed in 2024 for everyone.
What are investors thoughts on H" this year Sept IMC Q & A session was interesting, Jeff's sounded pretty confident when quizzed on figure need to for f/y.
H1 $5.6m which equated to 1% increase on 2022 H1, this leaves a whopping $10.3m for H2 to achieve f/y $15.9m guidance.
H2 - 2022 came in at $6.3m so adopting a more cautious approach I would suggest in the region of $8m is more realistic, therefore f/y 2023 would come in at $13.6m.
Even if they roll over some of the revenue into 2024 it would still equate to a very reasonable 15% growth on 2022 numbers.
Numlungu
Quite right about a seller who has been relentlessly dripping shares into the system. When the seller pauses, the shareprice creeps back up, so defo oversold.
In some ways it’s good that we lose weak holders with too much skin in the game. Also, I’m sure we have a few new retail holders to diversify the shareholder base.
It boils down to whether you see PHC as a good company with a future or a dud. For me it’s a great company with a hell of a future. I’m a LT buy and hold person so this is the Black Friday sales for me ( although I don’t want too many more).
Https://www.bloomberg.com/news/newsletters/2023-11-10/china-hungry-for-crops-amid-bad-weather-and-food-security-push
I sold out after the fiasco of a threat to leave LSE without explaining the alternative... Still following the company though; how much cheaper could it go as there seems to be a determined / distressed seller(s) slowly feeding more shares than the market can digest.
China buying up stocks of grain and soybeans means next years harvest can expect to be sold at higher prices so farmers may be prepared to invest more in inputs. Whether PHC can sell those inputs is another question but overall the market should see positive influences.
Be very difficult to regulate that
Agreed and we haven’t even started selling PHC949 for nematode control. This product is much anticipated. The weekly chart RSI is hugely oversold. Can’t go on forever; nothing wrong with the company.
Autumn statement on 22 Nov. Pundits saying ISA limit will be raised to £25k with the extra £5k having to be invested in London listed companies. British market could use a boost.
Agreed 2p, even if we take a conservative view on H2 for this year, company is valued at less than 2 x revenue.
Looks like some of the selling pressure is abating, now second largest holding in portfolio.
Yup, the exodus by investors is causing downward pressure on most funds, interest rates needs to reverse otherwise pensions and so forth are going to look dire for everyone.
Looks like Aviva Investors Invt. Fds. ICVC - UK Smaller Companies have been buying a few mill recently though 1pencil
Stifel have joined Cenkos on the sell side.
SVS Dowgate Wealth Funds ICVC - UK Small Cap Growth Fund have popped up as exiting, these guys were only recent buyers too (see earlier posts).
Https://www.linkedin.com/posts/%C3%A1ngel-mar%C3%ADn-931a5630_proact-activity-7127768401866858497-eulg?utm_source=share&utm_medium=member_android
We are the representative of the AMC/AGRIMATCO group in Turkey, which operates in 50 countries in a wide geography from the Middle East to North Africa, from Eastern Europe to Russia, from the Balkans to China.
Seller gone.
Hope so. An air optimism has returned to the small cap market.
Seller gone it seems after weeks of selling probably fulfilled its redemptions
Took another 95k today bots
Yeah, nice to be buying at this price.
I see someone backed the truck up early this morning for 2m shares.
There’s no doubt we’re undervalued for a global, growing company but the valuation from Simply Wall Street (using a forward cash flow model) had me choking on my cornflakes.
Current price = UK 0.062
Fair Value = UK 1.67
96% Undervalued.
- I’m not trying to ramp, that’s what it says!
More realistic would be 22p-30p in the mid-term (2-3 years)- if we aren’t taken over by Syngenta in the meantime.
simplywall.st/stocks/gb/materials/aim-phc/plant-health-care-shares
Hope so bots been loading up here with nearly a million shares recently
Interesting.
I was wondering why PREzym was being sold just in Europe. It’s an excellent product, so great to see it moving into the Americas. Expect and RNS soon, lots of registration news pending.
There you go bots looks like PREtec ab9ut to go to Mexico
https://www.linkedin.com/posts/plant-health-care-uk_phcmx-harpin-activity-7127262104058834945-47Dx?utm_source=share&utm_medium=member_android
Yeah I know bots but it seems like a concerted effort with the avocados tomato fruits etc getting the Mexicans over to Spain hopefully 279 and 949 getting the early nod from Mexican authorities ready for ramping up of sales there
2phevs
Yep, they’ve been in Mexico for years.
There are lots of PHC LinkedIn articles showing the effects of products in numerous trials. We all know the products are sustainable and significantly increase yield. The trials are about convincing farmers which is a slow process, but we’re gaining traction.
For me, PHC is a rare investment. I couldn’t be more happy with the company and less happy with the shareprice. But while the company continues to progress I’m holding fast. Small caps are suffering from deflation, people waiting for cheaper prices before buying in, but I believe we’re getting there. Even bought a few at 6.11p - stupid price. Still have dry powder, but will probably add to trusts and fund next time (they are also suffering).
"Oh and there's news coming" the translation states
https://www.linkedin.com/posts/plant-health-care-brasil_rompendoasbarreirasdaprodutividade-agro-agronegaejcio-activity-7124018752173535232-gK9K?utm_source=share&utm_medium=member_android