Member Info for nomlungu

Listening to 5-Live; a journalist said that one of the policies that Erdogan is campaigning on for the upcoming elections is a moratorium on enforcement of building codes violated during construction of buildings over the last 2 decades. The same ones that have collapsed today...

In any rational democracy, that should see him out the door. In strongman popularism, it may well strengthen his base as they feel unjustly threatened and drive up his voters / election corruption.

An asset of National Significance - threaten to nationalise it and then sue for economic damage caused by their intransigence. Centrica might change their tune pretty quickly.

The next big thing? Not yet...

https://www.thedailybeast.com/how-crochet-tiktokers-uncovered-chatgpts-kryptonite

Tar Spot [caused by a fungus known as Phyllachora maydis] was mentioned in the presentation. A severe outbreak can reduce yield from 85 to 25 bushels an acre. It is a growing problem in the US - potentially a lucrative new area for PHC and worth keeping an eye on.

It is also worth remembering that the action used by PREtec compounds [by stimulating the plant to defend itself naturally] means that any fungi targeted are thought unlikely to develop resistance.

During this afternoon's presentation PHC404 and PHC414 were mentioned; these sounded new... Google returned this 2018 research note from RB Milestone Group [a US investor relations advisory practice] on PHC's website:

https://www.planthealthcare.com/download_file/force/132/206

The link above goes into some detail so may be of interest; the link below includes this statement from May last year: "Work is also continuing in the USA in conjunction with Wilbur-Ellis to develop our leading biostimulant peptides, PHC414 and PHC404."

https://ir.design-portfolio.co.uk/viewer/3/25978

Looks like Suzy did well getting the placing away at 11p. Are punters going to regret not granting authority to issue more share whilst the SP was over 10p? Because the dilution is going to be much harder to swallow if the next placing is at 5p or less...

Another one - 7.5 this time

https://www.bloomberg.com/news/articles/2023-02-06/turkey-s-south-hit-by-a-second-high-magnitude-earthquake

posting to wind people up - what a nice guy

PHC's trading statement shows great promise when you pick it apart but ignites little spark when first read so I am not expecting much in the way of market reaction today but this could be a slow grower over the next few months and years.

One of my largest holdings and I would want more than a 50% increase before I sell any so I could be in for a wait till the end of the year. But little downside that I can see other than being a boring share...

My thoughts:

The company reiterates its "on track to achieve revenue of $30 million by 2025" and that it is "on track to deliver cash breakeven, profitability and internally funded growth within existing financial resources".

I had expected slightly higher cash burn because of the initial costs of expansion so seeing a "substantial improvement in working capital" is heartening as uncontrolled growth can come at a serious cash cost of building stock and debtors [the company has had too much cash tied up in stock in the past]. The debtors figures seems likely to be promising as the time to pay in Brazil is notoriously long and that is where a significant amount of turnover increase has come from their thanks to the rollout of Saori.

Getting a Harpin into France and PREtec into Portugal opens up the EU as a market [which should lead to wider acceptance in other markets] has happened sooner than expected; I also found the comments about PHC279 registration comforting as news was overdue - they are expecting approval this quarter and blame backlogs at the EPA for the delay.

All promising; bots' comment that 'PHC could become a valuable gem in the next couple of years' rings true. I have expectations of significant free cash flow being generated in just a few years. PHC are making good progress in a significantly undervalued sector of the economy.

Recent rises in interest rates have dampened demand for shares in 'jam tomorrow' companies. But this company seems to be promising whole orchards, not just a few jars of jam. There is potential for may bags...

mick,

Footage of pancaked 10 story modern hotels... older buildings will have stood no chance.

This is catastrophic

https://www.youtube.com/watch?v=TImb2wRSKLU

Promising, but I had hoped for a little more.

0.55p

You have let the rampers down today, Adrian; after choosing Centurion as part of your latest ID, you could at least have got to 100 posts on a Sunday. I suppose you still have 50 minutes left...

No need to bring Pizza into it, Adrian; the Pastafarians might get offended.

https://www.spaghettimonster.org/

Pastafarians rock

https://www.spaghettimonster.org/

Some perks of being a Pastafarian:

Every Friday is a Religious Holiday
No Dues
Beer Volcano in the afterlife
Pirate Regalia at formal functions

Adrian,

Surely you can do better... The whole fire extinguisher industry is rooting for you.

evi,

Membership of the CONservatives has been taken over by English Nationalist [TEN Downing Street = The English Nationalists] and they will vote for no taxes and no foreigners.

It has recovered from the cancer scare [the Zantac case kicked into the long grass by a US judge] and there have been rumours of acquisitions. A bit overleveraged but generating enough free cash to get it back into range in 2024. Rumours of a takeover / merger with Sanofi’s $30 billion consumer health arm caused a spike last week:

https://www.bloomberg.com/news/articles/2023-01-31/advil-maker-haleon-is-said-to-study-potential-deals-to-bulk-up

I have some with my boring SIPP money - held since the GSK demerger.

Dividend yield in a little over 3.5% but they will benefit from lowering interest rates and seem to have been able to pass on cost increases. They should benefit from an aging society so growth can reasonably be expected to continue.