Friend-Shoring20 Jun 2022 10:43
The Biopesticide company I like [PHC] have announced that they now have a 'Friend-Shoring' production contract so will have all of their production in Europe from next year. Great news if you are someone like me who takes geopolitical risks as a significant factor in assessing a company. And the deal will result in slightly improved margins as the product was subject to tariffs.
Unfortunately, the share price is unimpressed with no increase YTD and zero trades today. I did buy a trading parcel at 9p which I sold for 14p during a slump / spike earlier this year but it was one of my hopes for sustained increase in share price this year. 6 months still left though...