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PHC Plant Health Care Plc

3.49
-0.04 (-1.13%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Plant Health Care Plc LSE:PHC London Ordinary Share GB00B01JC540 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.04 -1.13% 3.49 250,455 16:35:25
Bid Price Offer Price High Price Low Price Open Price
3.40 3.58
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Pesticides, Agric Chems, Nec USD 11.77M USD -9.48M USD -0.0278 -1.27 12.06M
Last Trade Time Trade Type Trade Size Trade Price Currency
13:24:06 O 250,000 3.70 GBX

Plant Health Care (PHC) Latest News

Plant Health Care (PHC) Discussions and Chat

Plant Health Care (PHC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-18 13:24:073.70250,0009,250.00O
2024-03-18 08:30:223.4345515.59O

Plant Health Care (PHC) Top Chat Posts

Top Posts
Posted at 18/3/2024 08:20 by Plant Health Care Daily Update
Plant Health Care Plc is listed in the Pesticides, Agric Chems, Nec sector of the London Stock Exchange with ticker PHC. The last closing price for Plant Health Care was 3.53p.
Plant Health Care currently has 341,532,952 shares in issue. The market capitalisation of Plant Health Care is £12,056,113.
Plant Health Care has a price to earnings ratio (PE ratio) of -1.27.
This morning PHC shares opened at -
Posted at 27/2/2024 09:15 by cerrito
More comments on destocking in the crop protection market this morning from Croda i
Quote
Crop Protection is developing sustainable crop care solutions as well as delivery systems for biopesticides, launching two new delivery systems, one specially designed for biologicals and the second for drone delivery. Following an exceptional 2022, when Crop Protection delivered both strong double-digit percentage volume growth and price/mix, the business started the year with good momentum, but began to experience rapid customer destocking in the second quarter. Volume weakness continued throughout the second half year, to fall 21% year-on-year with a small offset from positive price/mix, resulting in sales falling 19% overall. In Seed Enhancement, most sales are derived from providing just-in-time enhancement services for vegetable seeds so the business only saw a limited impact from destocking, delivering 9% sales growth driven by strong structural growth trends. Seed Enhancement is winning market share through its leadership in microplastic-free seed coatings which are in high demand following the EU's decision to ban the use of microplastics in agriculture in the next five years
Posted at 22/2/2024 07:47 by pretax2
One way to deal with destocking is to give distributors a new product to stock. Like Saori in Mexico.
Well done PHC
Posted at 20/2/2024 08:45 by cerrito
While I am unsure about the read across between PHC and FMC, I note that in their February 5th results outlook statement FMC referred to continued destocking in the US crop protection market in H1 with some recovery in H2.
Posted at 09/1/2024 20:42 by pretax2
Concerning fundrasing I asked JT just before Xmas, his response below.
-------------
ME: Do you still hold the view that no more capital raises are necessary by the company before profits? To do so at the current share-price would be terrible for stockholders.
JT: We would prefer not to go back to the market since it would indeed be terrible for shareholders. If additional capital is needed, we are considering several options that will help us get to cash breakeven.
-------------
Possibilities might include a bridging loan or issuing sustainable bonds perhaps?
The current destocking situation is likely to persist for H1 2024 but new registrations (e.g. Sugar Cane in India) provide the opportunity for PHC to grow their way into profitability. Elsewhere the Brazil PHC field team are going gangbusters promoting Teikko. If they were footballers, they're be in the premier league.
Profits can't be too far away now and they have some juicy tax breaks to look forward to once they arrive.
Posted at 02/1/2024 08:46 by pretax2
Agreed.
Fortunately the PHC field team in Brazil (who are excellent) have been doing a considerable amount of pre-approval promotion of Teikko; mentioning it at conferences, journal papers and promotional events.
Given that Teikko gives equivalent or better results to conventional approaches, I imagine relative product cost will be a powerful motivator for growers. Other advantages - tank-mix compatibility and shelf life are important.
I tend to think that there’s and appetite for Teikko in Brazil. The article on PHC949 in Agropages was the second most read article in Agropages last year. More importantly, with $215m to go at, there’s huge scope for growth with this product, and that’s just in Brazil soy.
Posted at 22/11/2023 23:37 by cerrito
I woke up Wednesday very long and very wrong on PHC and went to bed even longer and wronger. The key that made me comfortable buying more is that they have no immediate need for funds-their equity raise in June was in retrospect a v good move.
I note Cenkos/Cavendish remain comfortable having a positive ebitda next year(good as no interest or tax to pay) , as a result of expense reduction,  though I have never had the feeling they have had much fat to cut.
We have no info on the profitability of the different geographies. Given their business mix, Mexico profitability per sales is I assume the worst and I go on the basis that NA is more profitable than La as LA more of a start up.Remember NA sales in 2022 were usd 4.8m put of usd11.8m.
Cavendish in their note referred to the FMC investor day on November 16 when FMC commented on destocking trends. Specifically this is what FMC said quote  As I said at the top of my remarks and during our quarterly earnings call two weeks ago, we are operating in an industry environment that is frankly unprecedented. The crop protection market is working through the most severe channel destock everon record. A combination of inflationary prices and concerns about supply security during 2021 and 2022 resulted in channel participants and growers over-stocking in the last couple of growing seasons.In 2023, prices and supply stabilized for several product categories while interest rates continued to trend up, resulting in the same channel participants drawing down their existing inventories while at the same time meeting steady demand on the farm. Meanwhile, channel participants are under pressure to operate with lower-than-historical inventory levels. This has reduced or delayed typical order patterns, leading to severe volume declines across the whole industry.Unquote  
Note that FMC talking about the effects of destocking continuing into H1 24.
There is however the question that on September 25 in the interims PHC wrote quote With lower inventories and strong customer on-ground sales, we are expecting a strong second half of 2023 with material revenue growth anticipated.unquote.The fact that they have changed their tune in less than two months is a blot on their copy book.
Given today's heavy trading activities with 33m shares traded we await with interest any TR1's.I have to say that in some way with the current msrcap(even if sterling is currently stronger against the dollar than it has been for much of the last year), I would be worried if we did not get a takeover bid as it would suggest that PHC is not undervalued.
Posted at 22/11/2023 09:10 by pretax2
Covid is valid excuse. Distributors bought loads of product during Covid due to transportation issues. Whist our products are selling in the US, distributors have stocks to meet demand currently.
It’s a bump in the road and will shake a few people out, but I’m struggling to see how PHC are to blame for broader economic and regulatory issues. Delays to our progress are regrettable and the share price fall is inevitable. But there’s no fatal flaw in the business model, it’ll just take a longer to play out. My shares go back into the coffee can.
Posted at 02/5/2023 08:06 by pretax2
Not sure I completely understand the wobble here.
“The board is mindful of the impact to existing shareholders of any potential future equity raise at current share price levels”
Says the non-exec chairman, a man who holds more that 1% of the company’s shares, many in an ISA. Seems clear to me they’re trying to improve the status of the company whilst protecting shareholders.
‘If’ a reverse takeover occurs, this would by a quick and less expensive way to list on an exchange. It also increases liquidity (currently lacking for PHC) and increases the share price
Posted at 26/4/2023 11:33 by pretax2
If you don’t mind me giving my own 2.5p worth.
Both CR and JT have indicated that the share price should be higher. I asked CR why it was stagnating and he suggested that the company seemed to be viewed as a “show me” company. In other words show me that it works, show me that it sells, show me that you’re profitable. Up until last year I might have thought the same but things have fundamentally changed. PHC now has a suite of products; the products work brilliantly; revenue is growing towards profitability. But the big thing for me is climate change, energy change (biofuels), and a biblical food crisis. PHC have an answer for this - so the timing is right too.
I guess all great companies start small and investors end up regretting they didn’t buy the shares way back “then” when the share price was peanuts. Well for PHC, this is the ‘peanuts’; time when you should be buying. In my view, there is enormous upside to come with just 309m shares in issue, but no idea what’s going to shake Mr Market out of his manic-depression. Here’s a few possibilities though (just for fun).
1.Profitability (especially if earlier than expected).
2. Takeover talk. PHC has destribution deals with a number of monster companies. There are also some interesting connections with Syngenta.
3/ Premise: The need for consolidation in the sector is well known and it’s starting to happen. Second, PHC is an American company keen to engage American investors. If you’ll forgive my fight of fancy, how about a reverse takeover of an American ag-tech company? If that happened hold onto your eyebrows, PHC shares would supernova.
4/ No reason at all. Many companies breakout from their doldrums for no apparent reason. There’s just a move to a more realistic value that gets bought into by traders.
5/ Press article. To me PHC has a really exciting story. The right article in the right journal at the right time and bingo.
Posted at 19/1/2022 17:51 by cerrito
Arden’s note on Research Tree a good summary pf the WE IMC meeting. It was good to hear that 279 will have a shelf life of 5 years; interested in the WE comment that these days a new product launch needs greater investment in time and effort than before and also that if a new product has not caught on after three years it never will.
Good that Arden’s forecast has $4m of cash at the end of 22 with no equity raises forecast for 22.
The PHC share price is suffering the same fate as my pre profit clean tech stocks such as CWR and ITM.
Plant Health Care share price data is direct from the London Stock Exchange

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