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Good points iPencil.
Concerning TO the other issue is timing. When would be best to put the for sale sign up? I would say let’s get regulatory approval for PHC949 in Brazil and the US and hopefully be profitable by then. Would make the company irresistible.
Just to let you know that I've received a communication from the company which may allay fears that the company will be sold on the cheap. I’m not prepared to give details, however the following is a direct quote “Please be assured that we have no intention of selling PHC on the cheap, after all this hard work. We are currently canvassing opinion amongst shareholders on the way forwards and will let you [meaning investors] know which way the Board decides to go.”
That's a relief - I'm now more positive about the future and the brilliant results. Well done PHC!
OAP, I've enjoyed your posts but since you've sold, I suggest you just leave. When people stick around the thread they have a vested interest in seeing the share go down further to prove themselves correct. That's not fair on those people who remain happily invested here.
Note the phrase "right capital market."
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Plant Health to evaluate London listing as stock levels 'frustrate' board
May 2 (Reuters) - Plant Health Care (PHC.L) said on Tuesday its board will evaluate if the firm should continue to be listed on the LSE's Alternative Investment Market (AIM) as it was "frustrated" with the share performance not reflecting its strategic progress. Shares of the agricultural products company slumped 24% to 9.3 pence in early trade on Tuesday. They have lost about 97% of their value from a record high of 383 pence in 2008.
Some investors and financial executives have said London risks losing its appeal for stock market listings as sluggish trading and low valuations are driving companies elsewhere. Plant Health said on Tuesday it will consider other financing and strategic options, including raising non-dilutive capital to fuel its growth, and consult with shareholders as to whether AIM remains the "right capital market."
Multiple companies have chosen to delist from the London Stock Exchange or have considered an extra listing elsewhere, including the likes of Dublin-based construction company CRH (CRH.L) and betting company Flutter Entertainment (FLTRF.L).
That’s a pretty speculative statement. If PHC were planing to ‘shaft’ PIs, why be so transparent about it. Best not build castles in the sky, if PHC is going to be sold, it’s going to be at a fair value price way higher than the current.
Laura2022
At the last AGM I asked the directors if PHC had the 'for sale' sign up. A bit cheeky. CR answered diplomatically explaining how the sector was in the process of consolidating …. yada yada... (nothing specific). He went on to say that if PHC was going to be taken over, they wouldn't be selling on the cheap (the SP was around 10p at the time) . He did mention a price based on the fundamentals which was significantly higher.
Second, during an IMC (I think) someone asked about the US OTC markets and attracting US investors. The question was initially answered by JT something like 'good question, Jeff Hovey, you have some ideas on this'. The question was handed over to Jeff Hovey who didn't give anything away as I recall; but clearly this was an issue they'd discussed.
Third, look at the two recent appointments: Kate Coppinger and James Ede-Golightly and CR comments:
"We are delighted Kate has joined the Board. Her background in M&A and regulated industries will be an asset in terms of the Company's future product development and geographic expansion. In addition, it is great to welcome James back to the Company to help us capture the growth opportunities that we have identified.
PHC has lofty ambitions and is being held back by AIM – so this consultation was always on the cards and I salute the transparency of the company in signalling it.
So, in sum
Companies that get taken out on the cheap are failing companies (e.g. First Republic) - there's nothing failing about PHC and the broad business plan remains unchanged. Furthermore, CR owns over 1% of the company and JT has just taken on a load of options. That’s why they are exploring ‘non-dilutive’ growth options. Have some faith.
Nice buying opportunity if you have a few quid.
See pages 35 & 36 (overleaf)
https://issuu.com/fruitandvine/docs/fruit_vine_issue_4/34
I think a reverse TO of a small US agrotech company (as someone mentioned on ADVFN), perhaps on the Russell 2000 would be a cheap way to list on a recognised exchange in the US and remain as PHC.
PHC have the makings of a great company. As CR said, PHC want one of their products on every field (paraphrasing Bill Gates). Also, if you look at the PreZym package it says “PreTec inside” (paraphrasing Intel). They’re thinking big.
Looking forward to seeing the marketing for Obrona.
Intersting article from Meagan Osborn - Head if Supply Chain PHC, on sustainability in the production process. Accompanied by a couple of photos from the Seattle Lab if you have Linkedin access. https://www.linkedin.com/pulse/phc-spotlight-sustainability-global-supply-chain-meagan-osborn/?trackingId=Tk2JTwSlaFJ7r%2FP1Z5nAlg%3D%3D-------------------------------------------------------- Meagan OsbornHead of Supply Chain, Plant Health CareApril 20, 2023In my role managing our global supply chain operations, I see the steps that Plant Health Care has taken to improve sustainability throughout our supply chain. Starting with our PHC Research and Development facility in Seattle, Washington, sustainability initiatives take many forms. In addition to adhering to Seattle's mandatory recycling and composting requirements, our R&D team recycles their nitrile gloves and reuses laboratory supplies whenever possible. The fermentation step of our production process generates large volumes of water mixed with fermentation byproducts. Rather than discharging this nutrient-rich liquid into the municipal wastewater system, they evaporate the excess water which is then discharged as harmless steam. From a commercial scale manufacturing perspective, the ongoing shift from our current manufacturer to a facility located in Europe has not only afforded Plant Health Care a significant COGS decrease due to tariff reductions but has allowed us to optimize regional supply chains, thus reducing our carbon footprint due to more direct and consolidated freight routes. In addition to this, one of the main initiatives of our fermentation manufacturing toller is to work with their clients to “develop sustainable solutions, which help switching from oil-based products to natural ones, reduce harmful waste from chemical syntheses, and free arable land for use for food.” Furthermore, the use, sanitation and reuse of plastic totes is common practice when moving products through the production process. Lastly, within our network of packaging and warehousing contractors, the use of motion-activated LED lights and utilization of solar energy have become commonplace. These are just a couple examples of the energy reduction strategies that our partners have implemented.While these examples highlight a few of Plant Health Care’s current global supply chain sustainability efforts, there is so much more that can be done. My colleagues and I are dedicated to maintaining and improving sustainability in all areas of our business so that we can continue to make a positive impact on our environment.
I want one
https://www.youtube.com/watch?v=T-vxYeNxhGk
Would be ideal for PHC products
Follow up to the podcast below
https://www.agriculture.com/news/crops/plant-health-promoter-certified-for-tank-mixing-with-row-crop-herbicides
In addition to delivering excellent productivity results, PHC technologies adapt to the farmers' production system, without interfering with the normal management of the crop. Our goal is to support the world production of food and energy while respecting the environment and delivering great returns to farmers, partners and investors. Below you have the link of a podcast from Chris Wooley, Portfolio Manager for Specialty Products at Wilbur-Ellis. He talks about Employ (Harpin protein) as a tank-mix partner with several early-season herbicides to help crops be more resilient under stress from weather, pests and disease.
https://www.podbean.com/media/share/pb-arkb3-13cafe3?utm_campaign=admin_episode&utm_medium=dlink&utm_source=episode_share