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Will we see the link pay off this year? I certainly expect PIM to get back to the 21-22p level in first half of year but I am still regretting not selling on the spike to 36p when Arysta bought in. However, I held then because I thik the 45p Arysta paid is achievable this year on back of the good news Arysta were anticipating.
"Crop health specialist Plant Impact PLC (LON:PIM) said apart from its continued focus in the "near" markets of the UK, Netherlands, France and Germany, it also expects to grow its business in the 2012 calendar year into the US turf market via its strategic partnership with Arysta LifeScience, targeting the golf course market there. The comments came as the company, which develops and markets crop yield enhancing products, reported its results for the six months to September 30 2011. During the period, in May, Arysta took a 9.1 percent stake in the company at a significant premium to the share price and in August, Arysta veteran John Brubaker took over the helm as Plant Impact chief executive."
Just a thought, if the broker thinks this is to mirror the market, then can we look forward to another 20% drop in value over the next year?
Half year results poor, I fear this is losing support. Pivotal trades suggest an 18 month low is looming? I don't think WH Ireland's lukewarm @market perform@ issued after the interims has helped much either.
Just playing the waiting game with PIM now but patience always pays. Doing rather well with ADI today, is anyone else in on those?
WH Ireland Securities initiates market perform on Plant Impact, target price 21p
Ofcourse mate, as far as I see it the support this year was at 19.5ish. Over the last 2 years the low was 16pps rising to 32pps just a few months later (100%). I'm not expecting that again, (ofcourse it's possible), but what I am expecting is for it to climb to its usual trading ranges. Anyone buying now can make a nice profit when it rises to 22pps once more.. If not higher. Again, I'm missing out, my dad topped up though! He knew about the report before I did, and he can't use the Internet.. Still have no idea how he knows these things!
Why wouldn't you mate, top price here! Wish I could! Going to pass the MSG on to close friends
What a price Wish I could pile in Wrongly took out £2000 from share dealing account to cover Xmas and punted my last £4k in PFD... Nooooo Assume this will be up to the 20s soon
hi there mate, I am yet to allocate funds here... went into PFD this week and seen a nice profit.. dived into TCG this morning aswel, caught it before moving up slightly... I will buy in here... im looking to slice my BMR... should see a move up pre / post AGM - tue 20th Dec.
Not quite right. There will be quarterly reports from now on according to the website. Half yearly is tomorrow. Forget about Bugoil for the time being. This is a long waiting game mired in regulatory processes. They were initially going to be fast tracked(2009) because Bugoil is more or less edible/chemical free. This changed and we are in a queue being treated like any other pesticide. Approvals will come and the product will make good money but the company are no longer making time line promises It is all about INCA and PINT and investing their resources in areas that will generate returns as soon as possible. Their focus is a drive to profitability asap. They have also made big savings on outgoings. A real focus on getting the balance sheet into the black. New management have a superb pedigree and I believe their drive to profitability asap over jam tomorrow deals is the way forward. Going into the black will be a real milestone that II look for
I really would like to see the update this week, its been over two months since we heard anything, whether its good or not is speculative to say the least.
According to Morningstar, half-year results are out tomorrow. If the Allenby broker note forecasts are anywhere near right, then we should be expecting 6month sales of about £1,6m. Hopefully they will exceed this and signal a clear path to future profits.
For me, this is an investment, not a trading opportunity. I have held since not long after float although I have sold a proportion, but that was a while ago. My overall investment still shows a significant loss but I am hopeful that in due course this will pay dividends (literally)! My guess is that it will go down further in the short to medium term, higher medium to long term, possibly over the 100p you suggested in your earlier post? Much depends on higher and more profitable sales traction. Either that, or will be rescued by Arysta (who have a substantial outstanding loan repayment due from us soon according to the last accounts). This could be one reason for their investment (protecting their interests)? Good Luck!
Thought that's what was meant ;) So how long you guys been here? And what's the target? Take it your investors not traders with this one
Riddler alludes to Arysta's subscription at way over the prevailing share price! They got what appears to be 'their man' on the BOD - Board of Directors.
Thank you so kindly for the quick and detailed responses! Didn't expect to hear anything for a good while. What you have said largely follows what my father told me last night - god knows how he has kept up to date without knowing how to use a computer he can be very secretive. He still holds great optimism for this company and I AM thinking to start stake building if the price drops below 20pps for a long term hold. Riddler can you clarify what you mean about BOD? Another company? Sorry!
I have been in this for a considerable time, and have a substantial holding. There have been many false dawns, all occuring imv because of massive over-optimism by the management. there have been regular rounds of fund raising too, as each time they have raised, they have patently failed to deliver the promised results. The new management have not yet had enough time to straighten things out and I expect that more funding of some sort will be required before they reach profitability. This depends on 2 things, I think. Either they have to get registration for the Bugoil product soon or they have to massively improve sales on the other products. You might make more sense of what has been happening if you read the annual reports. Many of the RNS's are of the jam tomorrow kind. Interims are due soon and will hopefully show a marked increase in sales (although that may be wishful thinking, as they have had major problems selling in some markets, which is I think partly why they have parted company with the CEO recently). The other think to consider is the Arysta connection. At one time tenuous, now with 2 ex Arysta people in charge not so. Interesting take from your father re. moving this company to the States. Not something I had considered, but might be on the cards? At one time, I thought this was an absolute certainty to fly, though I have been becoming less and less sure because although everything looks so right (great products, great story, ideal conditions etc.) they don't seem to ever get the promised traction. I am coming to the conclusion that our potential customers (the farming community) approach novel technology with greater caution that could be expected. And breaking that barrier is a lot harder that one might think! Good luck if you decide to invest. I am in for the long haul, and expect further dissapointment before eventual success.
What do you make of PIM? Surely this is a company that should be £1+ by this stage? Yet it is constantly pulled down by the look of things. My father has been following PIM for years (he is not with modern technology) and goes through a broker and leaves online stuff to myself. We spoke about PIM today and he expressed his thoughts, on this moving to the US and having some great potential. He stopped trading after making some money in the dot com Era - before my trading time but asked me to keep a look out. You are a prominent member of LSE and I believe we may hold / have held similar or the same shares in the past. I will be going through more of the RNSs here tonight but from what I have seen although a good share to trade on trends it is a little too quiet here! Any information would be greatly appreciated. My father never disclosed his holding to me. Thanks in advance
Interims 6th December. And hopefully some explanation about recent events. Another disappointing year.
I can only assume that caraman was referring to Rising Stars (now, it appears, our largest shareholder) in connection with the spectactular dissapointment that is PXS (or even Angle maybe)?
........starting to get a bit repetitive riddler in it?
Are you spurslegend on iii? Im not sure if I would look into technical analysis too much as the share only has about 5/6 trades a day on average (thats a rough estimate). Resistance levels and all that are not important at the moment. I think it will be the fundamentals that will make the mm's change the way they go about changing the price. Could be the update due in Dec which changes that. From ADVFN a guy named Rivaldo (im sure you are allaware) attended the meeting in Oct and said that the company could potentially turnover £2.7m (I think) whith overheads of (£2.2). I wasnt expecting profit this year, not sure if there will be but excellant news if this is the case. This will put the company in a great position as it is already cash rich. More money to invest and hopefully further increase distribution network, research in products and ultimately speed up the sales process. Not sure if you are aware of Buffets investing strategies but this company meets his initial criterias. 1. Understand the business - yes 2. Does the business have a consistent operating history? - yes, it has been marketing the same products for many years 3. Does the business have favourable long-term prospects? Yes, the potential is great, products are protected in the castle by patents, distribution network well underway. Alot more positive aspects however not willing to forget risk involved. Not now though as im very busy at work COYS