The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
A subscriber on Michael Walters said that the selling was his - but not on purpose. He set a automatic stop loss ages ago on his ISA shares and never thought it would be reached. Markets dropped price and took them all. I'm holding a rather large amount of these but don't know what is going reverse decline this short term. Grim face but not selling.
Spindok, Haha know what you mean. I'm still optimistic about Eden medium to long term, but the price short term (this summer till sales are confirmed and potentialdeals are penned) means this could also be a time for investing in trouser factories or wet wipes as a hedging strategy. :)
Forget France for now I'd say. A major scandal is still unfolding with a Bayer fungicide product - Luna Privilege - which had eu approval but has badly affected vines in Europe. France will probably be ultra ultra cautious as that ccandal came to light just after 3aey was approved by the EU and before 3aey was submitted for French approval. Large sums in compensation are being bandied about for Switzerland and others with respect to Luna privilege. If you want to sleep at night - focus on the Balkans, Greece, Italy, Spain and Kenya. If you look on the website for EDEN's Greece distribution partner mevalone (3aey) is the only botyritis product on offer for grapevines . (I think they have another one for greenhouse fruit.) My opinions and research lead me to hold still - pending confirmation of more sales and possibly an agreement with a us company on nematicides. DYOR IMHO Fingers crossed eh, stormy waters......
I think there may be some selling due to the state that another company - ENRT - are in. Both companies shared management early on and ENRT are probably close to failure. No contracts, no commercial success afterr years of promises. Some people are probably getting wet pants about ENRT, drawing parallels and selling some of their Eden shares to limit their exposure. Not me.
http://www.edenresearch.co.uk/html/products/RS.asp Last words of "the process" section. They can't be that choosy if Luna Privilege got through though :)
26/5/2015 Malta RNS Sean Smith, Chief Executive Officer of Eden, said: "As our licensees, partners and shareholders well know, we have been pursuing the authorisation to sell 3AEY in the EU Southern Zone for nearly eight years. This is not only excellent news for our licensees, but also for Eden. Our current and pending commercial agreements PROVIDE FOR MILESTONE PAYMENTS TO EDEN FOLLOWING NATIONAL REGISTRATIONS, and now the timescales for these are far more clearly defined. ....knew it was somewhere. That's Greece, bulgaria, italy, spain, so far. We have probably been paid or are in the process of getting paid....? We have been waiting for these milestones since 2007.
Back in 2007 Eden signed a licence with cheminova to market and sell 3Aey The licence terms were €600k up front and future milestone payments of €1.6 million. I believe these milestone payments were for individual national approvals for sale/marketing. Obviously in the eu this needs eu approval first....and it takes a LONG time. Maybe the milestones were never paid. Royalties with cheminova were 5-10% on sales. (What were Bayer sales for Luna Privilege before their customers realised it was damaging crops? Was €250m projected?) In 2014 Eden took back the individual licences for France, Italy and Spain and gave them to sipcam/sumitomo which is a MUCH bigger player. I wonder - were the monetary terms for Eden the same, better or worse when they left cheminova in 2014 and went to a larger player?
Only relevant in the sense that winnifrith is bashing Eden at the moment, as are his stooges on ADVFN. It's got so bad on ADVFN that they had to set up a new thread as the bashers have completely overrun the main thread with spurious allegations and links to the subscription only TW website. A mess.
If you mean 13-14p then maybe a lot higher than that... It was 24p based just on anticipated 3aey approvals - but we have started sales in Kenya and Greece (small beer so far admittedly) More interesting is we have a gap left by Bayers disgraced and withdrawn botrytis product Luna privilege and we know its value (€250m per year) We have sumitomo behind us - ready for launch in three of the worlds biggest wine growing nations. We also have TT with some reasonable sales projections (thanks to factsnofiction) and we own 30% of them. Products galore. Quite excited.
Well the Eden deal in France is with another sumitomo company - like sipcam for Italy (and Spain) (Hopefully it will be like buses and they will all be along together very soon) Two more things I read - (from Eden literature) 1 - most pesticides can't be sprayed within 2-3 weeks of harvest but I believe edens 3aey can - from an announcement in June 2015 about "maximum residue level exemption" This might mean 3aey is the only botyrtis pesticide that is available close to harvest. (If farmers think it's required as botyrtis needs wet conditions to attack I think) Is there a really big - close to grape harvest - "single spray" opportunity there? 2 - came across a 2012 Eden presentation on brr media saying the business model was upfront and milestone payments relating to the size of the market (1%) and royalties of "typically" 10% (how that intended business model survived till 2016 and survived negotiations with sumitomo I really don't know) Please DYOR. I simply can't believe I am getting these sort of potential numbers - with a share price of 10p.
The deal that Eden made with Sipcam was for Italy and Spain. Spain has an even greater acreage than Italy (even though Italy currently produces more). I don't think Spain will be long. Have to research more about France....
This petition might help if enough people sign it.... https://petition.parliament.uk/petitions/112044Correct
Jsimbo, Thank you for showing up to give your thoughts on Eden, in which you are clearly not a shareholder, and moreover a clear admirer of TW's investigative abilities, and a follower of his as shown on a few other shares. So - I've done a bit on the Panama stuff, looked though old RNS and you know what - maybe something dodge happened and maybe it didn't. Possibly TW wants to see something so badly that he can't see legit explanations for something that happened and was good for the company's shareholders. He didn't want to meet Sean Smith for an explanation which reinforces that possibility. Who knows. Let's leave that to the authorities, eh? You... You consistently write well, in fact you are one silver tongued devil. But - it only took a few old posts to work you out. In fact it was your very first post about Globo (page 21 of 21 and your very first post on LSE on 23/10/15) is what gives you away. ...as your supposed "lump of shares" investment is going down the plug hole - and yet you have the grace to magnanimously praise shorters, and go on to denounce the company as fraudulent and its products as pants. Too smooth. Too forgiving. Too........just dunno Just no one is like that when they are losing a lump of their money as you supposedly were. Nah mate - all in all I think you're a bit of a snake and I've spent too much time on you already. What - a snake in in the garden of Eden? Unheard of... Luckily for you Eden don't do snakicides, they only do pesticides, good ones which are good for the environment and I think they have turned the corner and are going to be massive. Comparatively. I however have a snakicide - as represented by my filter. (And BONG goes the lid of the bin)