PHC19 May 2023 10:50
Plant Health Care (LON:PHC)
Up 7% to 10.9p y'day (£34m) - Remaining Listed on AIM - Paul -
I mentioned this poorly performing, loss-making company here on 2 May 2023, when it announced it was consulting shareholders on whether to de-list or not. Yesterday it announced vague details of its consultation, which sounds encouraging, with shareholders wanting it to maintain its AIM listing. It sounds like another fundraising is likely at some stage, with at least some sign of shareholder support.
I’ve just had another quick look at its 2022 results, and they’re really bad - another large loss, and cash running out. Why get involved, when there’s currently no sign of this being a viable business?
Paul Scott - Stockopedia