The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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
Its very likely UK and Eurozone along with Asia will end up with declining interest rates on the back of receding inflation, US being the odd dude out.
Its a long time since this scenario last played out, but given the chronic undervaluation's of UK stocks this can only act as a tailwind ..
Agreed bots, also enhances the company to any prospective suitors, PHC now has a sizable foot print for leveraging.
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.
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
CVC has revived plans to list in Amsterdam in a deal worth up to £13billion in a fresh setback for London.
The private equity giant abandoned an initial public offering (IPO) in 2022 and again in 2023 due to market uncertainty.
But despite ongoing conflict in the Middle East, sources say the buyout firm is confident that the listing will go ahead.
Daily Mail
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
The names may have changed due to recent activity but it gives an overall rough idea ..
ASKUL is part (45%) owned by Yahoo Japan
Yahoo Japan is owned by Softbank
https://about.yahoo.co.jp/en/pr/release/2022/08/19a/
Askul Corp, are they thinking about partnering with THG Ingenuity perhaps stepping into Softbank's shoes ?
1.ASKUL’s Logistics Platform: Enabling Same-Day and Next-Day Deliveries
To enable same-day and next-day deliveries to customers across Japan, the ASKUL Group operates 10 distribution centers in urban areas nationwide. Also, roughly 70% of parcels are delivered through the Company’s own distribution management system.
https://www.askul.co.jp/corp/english/business/strength/logistics/
https://www.askul.co.jp/corp/english/business/service/
I don't think it was just coincidence Matt bought the Kong statue ahead of their visit, nor the group photo in front.
Kong is still a big in Japanese film culture with plenty of modern day examples.
Easy to forget with daily noise..
Another flying visit from friends and Partners at AutoStore™, the Japanese team from Askul Corporation and SoftBank Robotics.
When you have people flying half way around the world because they want to see under the bonnet of THG Operations, it’s one of the best testimonials to the work we have accomplished over the past few years.
https://www.linkedin.com/posts/activity-7155896382539665409-qyYy/?
JP Morgan in the headlines again, talking of banks..
Girlfriend's best friend went out with a chap who worked in the city called Paul Morgan, after a short while ended up with the nickname 'Paul Morgan with the one touch organ' ...
..no idea why, : )
(P.S. hope you're not reading this Pippa)