Eco Animal Health Share Discussion Threads

[cerrito] 21/10/2020 07:46

In all the generally good news, I note that they are restricting their R&D budget because of desire to conserve cash at a time that they are saying how important R&D is.
This suggests that we may need to be patient with dividends.
I remind myself of the June TU where they explained that more than half of their net cash was in the 51% owned Chinese sub and a chunk in other overseas operations.

[hatfullofsky] 17/10/2020 09:55

A current year trading update will be provided after the half year ending on 30 September 2020.Come on EAH get a wiggle on !

[hatfullofsky] 15/10/2020 18:37

Huge volume again today

[hatfullofsky] 08/10/2020 18:27

Volume growing, largest in 3 months today. Some chunky after hours trades reported as sells

[hatfullofsky] 06/10/2020 22:49

The German authorities have intensified the fight against the African Swine Fever virus. At the moment in total 32 infected wild boar have been found. In the meantime, Rabobank stated the virus' presence in Germany may not have strong long-term effects on the markets

[hatfullofsky] 06/10/2020 22:45

II's positioning for the update and results.

[cerrito] 06/10/2020 20:35

I see that we have another increased holding with Chelverton going up by at least 2pc plus-they may have had just under 3pc previously so we will get either a share price increase tomorrow or a RNS with someone reducing.
Earlier my finger hovered over the buy button at 210 but I chickened out.
Why?
I have more of these than is good for me.
But the huge delay in getting their audited figures as at end March out; question marks with all the board changes last year; the websites.
Too bad that we will not be able to have a face to face AGM to meet the new Chairman who was ill last year. I liked the FD but could not get the measure of the MD.

[cerrito] 06/10/2020 15:55

A commentary on the situation in Germany
hxxps://www.pigprogress.net/Health/Articles/2020/9/ASF-Germany-Fight-is-intensified-as-number-of-infected-boar-increases-to-20-644914E/

[tradertrev] 06/10/2020 15:11

RNS - Danske Invest increase their holding. Now if there's one thing the Danes know about, it's pigs!

[1aconic] 06/10/2020 10:36

Yeah, the websites are awful! I just assume that most selling is through distribution channels and not so much ad hoc direct customer chasing - from what I can gather that's the case with a lot of vetinary medicines but not entirely sure over everything EAH does. There was another big round of selling (an almost identical 725,000 equating to over 1%) in late Sept. My thinking on that is one of the institutions is reducing because of the Germany ASF outbreak. Think it might be just part on an institution being cautious and don't want to be caught by a major problem they have to explain to investment boards and fund holders. They'd rather sell now and buy later at a much higher price when it's de-risked (e.g. a vaccine announced) a bit rather than be caught with their pants down. I personally think it's a little short sighted as EAH seems to be holding up well in terms of revenue despite it's main market already having been absolutely decimated. Would be interested to hear other people's views on that too.

[hatfullofsky] 05/10/2020 18:56

Huge (reported) sells at the close.

[hatfullofsky] 05/10/2020 12:03

Just before 125k worth of sells at 205. Well it seems to have held up well

[hatfullofsky] 05/10/2020 11:37

Back in at 210

[cerrito] 04/10/2020 09:48

1aconic
Good summary and I am surprised by weakness in last few days.
I did visit their two commercial websites ie not the main corporate one and was struck that they did seem rather drab and if I was in say Indonesia or Peru wanting to get more info I would not have been very inspired.
Also the website had a letter from the CEO explaining effect of the virus which was undated and thus not very helpful.

[1aconic] 23/9/2020 08:52

Took another long look here this week. Definitely still some risks - the latest outbreak of ASF in Germany illustrates that and the US/China trade tensions are still a background concern. But there are plenty of postives too: a potential ASF vaccine reported not long ago; from the trading update EAH's own revenues will be above last year thanks to improved margins and taking competitor market share(unless I'm missing something that's a pretty impressive performance under the conditions?); new reports this week that China has almost exhausted its frozen pork stockpiles and prices are soaring; EAH potentially has some new developments coming out of the R&D dept on which specific updates may not be too far away; etc, etc. I personally think there's still plenty to be positive about in the medium term and calculate that the risk has been priced in far more than the potential. I've doubled up my holding after the price pulled back a bit this week. GLA.

[gamwah] 21/9/2020 16:13

Might be a good entry point this week prior to results, is the good news priced in here or still chance for decent rise?

[aimingupward2] 11/9/2020 12:33

A trading statement will be issued after the Sept' 30th end of the half year - so around mid Oct', hopefully.

[cerrito] 11/9/2020 12:26

Unsure whether to add here; does go against the grain to buy shares in a company who need 8 months to produce audited statements.
They rather teased us in the RNS today giving us no update three months after the last one.
Note this from ANP interims earlier in the week on China.
quote
The swine industry is now showing encouraging signs of recovery as farmers re-stock following the African Swine Fever epidemic.
unquote

[cerrito] 02/9/2020 21:55

Thought of EAH this morning reading a story in the FT on the food situation. Pork prices up 86% in July compared to a year earlier which would be good news for EAH. Not so good news was major flooding in Sichuan province-China's top pork producer.

[grupo] 02/7/2020 10:47

EAH Peel Hunt Buy 430.00 - Reiterates

[aimingupward2] 29/6/2020 08:49

Welcome news re marketing authorisation this morning.

[cerrito] 28/6/2020 17:04

For those who may have missed it an extract from the AGM statement of ANP a few days ago with the following encouraging news for EAH,
quote
Encouragingly, sales in China are now showing signs of recovery as farmers are re-stocking their pig operations following the African Swine Fever epidemic and also a ban on the use of anti-biotic growth promoters (AGPs) in animal feed is expected to come into force in July.
unquote