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Cavallo Ventures, VC arm of Wilbur Ellis

https://www.cavallovc.com/

Plant Healthcare is nearing profitability after a very long period of investment, often a time of most distress for established holders who simply run out of patience.

The prospect of PE making an approach has to be high, following thoughts below:

a) Significant amount of funds and time spent on research makes PHC attractive for competitors to get ahead

b} Economies of scale, larger group can successfully leverage PHC's proprietary technology faster

c) Long term partners such as Wilbur-Ellis have venture capital arms already in place

d) circ 40% of the shares are held by hedge fund type companies in particular Ospraie Management (17%) with well established ag connections.

e) Current UK market conditions are favourable as seen with HTC and many other takeovers this year.

f) Big part of PHC's business in in America

g) Removal of listing overheads would take PHC to breakeven

It just seems the obvious thing to do, especially given US takeover frenzy at the moment

In other news, US now talking about hard deflation - you cannot make this stuff up !

Deflation could be coming this holiday season, Walmart CEO says

https://www.cnbc.com/2023/11/16/deflation-holiday-walmart-ceo.html

Matt is bringing into focus a very damaging situation for the UK economy and should be applauded.

Media agree:

'Hunt must end ‘vicious cycle’ of stock market decline, demand FTSE 100 chiefs

Chancellor urged to introduce sweeping reforms to revive investment in the City'

https://www.telegraph.co.uk/business/2023/11/16/hunt-end-vicious-cycle-stock-market-decline-ftse100-chiefs/

When Cadbury was bought there was uproar for weeks, government ministers, objections in parliament, public outcry - HTC is of course much smaller although principals and outcome are similar.

It takes 10/20 years to establish brands into the minds of shoppers, not easy to replace hence bumper premium.

Who is going to make up the shortfall in tax receipts, balance UK Plc books..?

I think its generally referred to as the growing seasons which typically in Northern Hemisphere starts March time, its also worth considering PHC partners which hold supplies - during the recent IMC presentation management indicated this was a good way to gauge both sales and possibly usage.

Drop management a line, very approachable and happy to answer questions.

The last time I looked at Plasmon it had a limited selection, few months later much broader and deeper offering as products get added

Is anyone following this subtle but steady progress, probably not ..

https://www.plasmon.it/prodotti/semplicemente-bio.list

Novice, ha, small world..

I think the premium has shocked a lot of observers, right now analysts and commentators are super critical of anything not making a profit then - boom !!

Out of the water, it also underlines just how much value was attached to the branding rather than profit, again another area critics and bean counters dislike, 'intangibles'.

This is why I believe Ingenuity holds the key for shareholders to release value, it has many of the traits of Hotel Chocolat above.

Glanced at the table on Bloomberg, couldn't see Templeton's four funds ?

Two are on Fintel, should see the others added soon.

Holding level against overall poor day on the indexes.

Tim Cook, Elon Musk, Steve Schwarzman spotted at Xi Jinping dinner with U.S. CEOs

https://www.cnbc.com/2023/11/16/xi-dinner-with-us-ceos-tim-cook-elon-musk-steve-schwarzman-spotted.html

Yup, Xi/Biden meeting seems to have gone well, restoration of military comms and other ties.

Trading on Beigene and Innovent does seem to be correlated but it could just be same market makers at work, aware Goldman have a long/short strategy here, always best to keep some powder dry ..

Have a look at the premium paid for HTC by Mars today, we know other FMC's (Pepsi) have a toe in the ag markets..

Food for thought (pun intended).

https://www.londonstockexchange.com/news-article/HOTC/recommended-cash-acquisition/16211897

Good endorsement of Ingenuity ecommerce platform I thought, new owners Mars plenty of scope there for other brands to onboard.

Might even prod the analysts to revaluate their position (lol)..

Replacing Softbank with a suitable equity partner seems very likely imo.

"Mars has long admired Hotel Chocolat's impressive credentials as a contemporary, premium brand with a differentiated product offering, world-class product quality and strong direct-to-consumer capabilities through its physical store presence and sophisticated digital commerce platform."

https://www.londonstockexchange.com/news-article/HOTC/recommended-cash-acquisition/16211897

https://www.thg.com/news/thg-ingenuity-announces-5-year-partnership-with-hotel-chocolat

I think the article is referring to Private Equity rather than normal investment funds, still a similar issue though.

Yields have dropped with expectation of early rate cuts, this is good news as it may trigger a rotation back into growth sectors or at very least stop the outflow by private investors.

Cenkos were the only market maker offering in size today at over 6p, so some improvement from last few days - could be having a rest or the 400k last night may have done the job.

Whoever was responsible for signing up F1 team certainly knows their business, timing couldn't have been better with USA really getting behind the sport.

https://www.formula1.com/en/racing/2023/Las_Vegas.html

Get that monster truck rolling ..(with a big gorilla behind the wheel lol)

F1 revenue is expected to double what the Super Bowl will bring in for Las Vegas

https://www.cnbc.com/video/2023/11/14/f1-revenue-is-expected-to-double-what-the-super-bowl-will-bring-in-for-las-vegas.html

Inflation drops below five per cent in boost for Bank of England and Sunak

https://www.cityam.com/inflation-drops-below-five-per-cent-in-boost-for-bank-of-england-and-sunak/

WOLFOFLSE, its certainly a strong indicator, we also have data supporting a shift by trackers/funds towards a change in policy for a while now. I would expect to see consumer discretionary move up their weightings list.

Not many reasons to be a seller now imo, plenty for being long though.

Hong Kong also feeding into the positive vibe currently up 3.6%

It could well be some of the IG holding declared recently, intensity seems to be increasing often a sign towards the tail end.

HK back over 18k, prop traders working overtime to cover..