Eden Research Share Discussion Threads

[attyg] 20/2/2019 14:11

Also, what about this G3Y?

Perhaps I dozed off, but I can't remember Sean talking about that?
So great spot, wan or whoever it was.
Surely this doesn't just appear without some substance, some expectation that we can get one insecticide being commercialised?
Remember, insecticides are truly big business.
If we can get one insecticide, then I think it not unreasonable to have more than one. Perhaps many more?

Insecticides are used all year round in many parts of the globe.
No worries about seasonality or unusual climatic conditions.

Great things ahead for holders.

[supersonico] 20/2/2019 13:58

Good post AttyG and were into double figures on number of trades.

Boom:)

[attyg] 20/2/2019 13:46

De-risking.

Eden now looks to be a de-risked investment opportunity.

EU approval for cedroz is the most significant event to date.
The ability to achieve commercial sales in the 6 EU territories is only a matter of time, all will be awarded.
Approvals for the other 20 odd countries look to be doubt free now that Eden and Eastman have managed to obtain EU approval.
The markets for Cedroz are significantly larger than for 3AEY, are less prone to climatic conditions and are less seasonally influenced.
Furthermore, we have one strong single partner distributing cedroz, not the variety of companies we have distributing 3AEY under different brand names.

This is a game changer and I only wish I had more hard earned available at the momen, the shares are a steal.

Sean has delivered.
Legacy agreements he inherited with TT and Bayer (who acquired Teva) have proved difficult to be commercialised. These difficulties are clearly not all able to influenced by Eden and perhaps Sean may have chosen a different route and form of agreement were he in place when they were concluded. Anyhow, the issue is, he has delivered, ahead of schedule in my view, on his guidance regarding cedroz.

What does this all mean to our prospects for 2019.
Of course, we may not get any commercial sales of cedroz this year. If that were to be the case, then I am sure it would not have been due to lack of effort on the part of Eastman.
My track record on predicting Eden's financial results has been wrong, so please have that in mind.
My sense is that Eden will hard pressed not to make at least £2m profit this year.
So, I remain of the view that Eden's share price will be close to the 50p mark put forward by investingisatrickygame, by mid Jan 2020 (after the year end trading update).
Could be more.

Of course we have so many stale bulls who will sell off into any rise which will slow and lessen the steepness of the share price incline, but this company is now de-risked and will be attractive to the professional investors as opposed to the likes of us. They will pick up shares on the cheap as the disillusioned PIs are pleased to get out at break even.

I remain of the view this will be a life changing investment for me and am reassured that it will happen soon thanks to today's RNS.

Next, let's have some sustaine products up for sale - in a few years I am expecting more than twenty! Ramp intended.

[investingisatrickygame] 20/2/2019 11:41

Re approvals, see wan's post on the other thread. I believe it is about 2-4 months.

[weyweyumfozo] 20/2/2019 11:26

After Zonal Approval of 3AEY was granted on 26 May 2015, countries took the following times to grant authorisation for use:

Greece - 3 months
Bulgaria, Italy, Spain - 8/9 months
France - 20 months (I think additional testing was required for their Maritaine Zone)

I don't know whether Cedroz will take as long.

[supersonico] 20/2/2019 10:08

Brucie5,

The only reference point and rough guide I have for how long this might take is to compare it to the individual approvals of each country in the case of Mevalone/ 3AEY from it's original EU approval.

Some countries as you will see by going through the RNS history were quicker than others. Surprisingly the country making the most noise about pesticides in EU, France, was the slowest I believe.

[northwick] 20/2/2019 10:04

Now that we have received authorisation from Malta, and hopefully other countries aren't too far behind in granting their approvals, when will institutions start to take an interest in Eden? Surely, there must be a few green fund out there that might be interested. How long before Shore Capita revises its outlook

[brucie5] 20/2/2019 09:52

Super,

Good point. News this morning, that we have (among) the highest rate of Asthma in Europe, I think, along with obesity. It's a multi-factoral event, but the relationship between struggling health services and poor diet is increasingly urgent.


How significant do you see this mornings news re. Malta, please? The small print says, individual approvals now needed.

"Following the authorisation by Malta, the concerned Member States ("cMS") must grant their individual approvals for the sale and use of Cedroz within their jurisdictions. The pending approvals will cover Spain and Italy, for outdoor uses and will also cover France, Belgium, the Netherlands and the United Kingdom, as well as Spain and Italy, for professional greenhouse uses. Once approved, Cedroz will be the first of Eden's formulations to be sold and used in the United Kingdom, where the company is headquartered. "

[supersonico] 20/2/2019 09:51

Brucie5,

I don't believe Eden tech can be labelled 'Organic' atm as some of the ingredients are synthetically derived.

[supersonico] 20/2/2019 09:49

Eberhardt,

Yes Farmers like to drench but the flaw in the cunning plan is humans need to eat food who's production does not destroy soil life and who's consumers don't suffer from dramatically increasing amount of auto immune diseases created in large part by the degradation of the Gut and land Biome by Glyphosate, plastics, nitrates, antibiotics, pesticides and pollution.

Simply put Health services cannot sustain the cost burden as the chemicals weaken and destroy the host populations immune system generation by generation.

[brucie5] 20/2/2019 09:45

Eberhardt, excellent to have you reading this board. Might I trouble you for a brief evaluation from your expert pov on EDEN's products and potential? You're not doubt aware that quite a lot of speculative energy has been spent on the possibilities of its Sustaine technology for encapsulation/co-encapsulation, though some of this seems to imply that we can find new ways of encapsulating the same old poisons. As a bee keeper, you'll be fully aware of the threats posed by neonicotinoids.

In the meantime here's something from today's Guardian about the repivoting of European agriculture away from grain fed meat, and towards organic approaches. I'm not sure, however, if EDEN's products do actually count as 'organic'. Perhaps Super can correct me?

[eberhardt] 20/2/2019 09:38

Brucie. Yes as a smallholder with a focus on beekeeping. Sorry the link seems to have extended into the first part of the sentence after; try

[brucie5] 20/2/2019 09:33

Eberhardt, couldn't see anything on your link. Are you a farmer?

[eberhardt] 20/2/2019 09:27

Brucie and Super further to your posts 5764/5 see the farming community here this is probably the biggest use of Glyphosate et al. It beats waiting for the sun to shine and ensures we all get crops that have been drenched! Yum!

[chrischas] 20/2/2019 09:10

Yes looked at Eden’s Web site and found it not under “ Latest news” but in a section entitled “Regulatory News “ Nothing like keeping your cards close to your chest

[supersonico] 20/2/2019 07:17

Eden Research plc
EU Product Authorisation - Cedroz

[supersonico] 19/2/2019 17:16

They all get the opportunity of buying big at an early stage without pushing the share price up. Their investment is big for Eden but chicken feed considering their overall portfolio. I guess they have an expectation based on the info, privileged or otherwise the company tells them and from their own advisers. They must have some rule of thumb idea about the horizon and be realistic about trends ,timelines and regulation etc.

I imagine their willingness to invest and subsequent stickiness tells us something about the rewards they expect to receive for their patience in relation to other opportunities. They are also trapped in an illiquid share so selling a wad is not easy. Quality Research, confidence and Patience makes sense unless they want to loose a packet.

[investingisatrickygame] 19/2/2019 16:55

Super,

Post 5765 sounds logical.

I was wondering how Livingbridge, JM Finn and Artemis feel at this moment in time about our share price. They have all been invested for a while and like us, have watched missed timelines and a flat share price for years. I'm sure they like the story, believe the story, but do they think that value is aligned with current commercial progress and if not, what do they think will make that happen?

I ask because we here, me and those looking in are focused on our own value measure. However, these three hold over 20% of the issued share capital and so they have the ability to be far more influential with the Company than we do, added to the fact that Eden will listen to them more than individual shareholders.

They can't be happy with zero and minus returns over many years. I wonder if they have set their own timelines to realise some kind of return or even timelines for price points to be achieved. They will think they could be earning money elsewhere, so at some stage they will make a decision about the size of their investment in Eden and the time for it to stay there. Regulatory framework on not, share price appreciation can and should be delivered. It happens in other regulatory sectors so in that respect, this is no different.

I imagine the longer they choose to hold, the more Eden will have to appreciate to justify the many barren years that their money and their clients money put up with. I also wonder if they have been speaking with management about this very fact and exercising whatever muscle they can deploy to ensure their money stays invested.

[supersonico] 19/2/2019 16:32

Not that I'm aware of, however I'd would not be surprised if a Sipcam Bayer collaboration was looking into reducing the harmful effects of the formulation chemistry with High Potency Micro-encapsulation in some way as a means of reducing the toxicity of Roundup in the Phase out period.

One thing to remember as a consumer is all that Glyphosate drenched Grain which has higher Residue tolerances by massive multiples to veg is fed to all EU animals which all EU residents except the Organic consumers eat.

[brucie5] 19/2/2019 16:17

Super, re. the above, is there anything in the EDEN stable via Sustaine, that has the capacity to 'ripen grain'? This of course would be a 'post harvest' application, which EDEN is cleared for in relation to Mevalone, isn't it? But I haven't heard of this effect being any part of the announced stable of applications, unless someone else is able to co-encapsulate.

Sounds like a much needed technology.

[supersonico] 19/2/2019 13:58

'Canadian wheat exports to Italy are still low because of the use of glyphosate. Italy, a country that has voted for the ban of this chemical in the European Union, does not return to its positions, reports Radio-Canada.
Italy, one of Canada's two largest buyers of wheat, stopped ordering it in huge quantities after discovering that some local farmers were using glyphosate to ripen grain, says Radio-Canada . The result: a 70% drop in imports of Canadian wheat for six months, from November 2017 to August 2018'.

[supersonico] 19/2/2019 08:29

Germany plans tougher law to protect insects, reduce pesticides
Environment minister Svenja Schulze's action plan for protecting insects would provide €100m for the cause

[supersonico] 18/2/2019 13:15

A global survey of pathogens and crop pests.



In order to have accurate and specific figures for the losses caused by pathogens and pests in food crop production, a team of international researchers conducted an extensive survey at the global level. Produced with the support of the International Society of Phytopathology (ISPP) and a group of institutions worldwide, it was conducted between November 1, 2016 and January 31, 2017. A questionnaire was shared with more than 2500 IPPH members and many other contacts. The researchers collected and analyzed nearly 1,000 responses from 219 plant health specialists on five major food crops (wheat, rice, maize, soybean and potato) in 67 countries. These 67 countries make up a significant portion (87%) of world production of these five crops.

More than 40% losses depending on crops
The study documents the losses associated with 137 pathogens and pests globally. Overall, the orders of magnitude of the estimated losses are 10.1 to 28.1% for wheat, 24.6 to 40.9% for rice, 19.5 to 41.1% for maize, 8.1 21.0% for potatoes and 11.0 to 32.4% for soybeans. The study also provides estimates for the 137 global bioagressors, as well as at the scale of key food production and consumption foci: Northwest Europe, Mid-West Plains, and southern Canada, South Brazil and North Argentina, the Indo-Gangetic plains of South Asia, the plains of China, Southeast Asia, and Sub-Saharan Africa. The results obtained by the researchers make it possible to quantitatively assess the impact of plant health on world food security. They also provide essential data on the impact of emerging pathogens and pests. These data can be used to build or reinforce research priorities in crop health management to improve the sustainability of agro-ecosystems.

[supersonico] 18/2/2019 12:10

Chemical residues in two fruits out of three.

Fungicides on vegetables: record for a Chinese pepper with 25 residues. Legambiente report "Stop pesticides" presented.



So many, too many dangers in the pot. It does not leave the Legambiente report presented during the "Pesticide-free Agriculture" day, which was also attended by the spokesperson of Cambia la Terra, Maria Grazia Mammuccini. According to the report "Stop pesticides", on the tables of Italians still end many foods with residues of synthetic chemistry. Fruit - the most contaminated - and then vegetables but also eggs: the food marketed and coming from conventional productions presents unknowns and risks. For the health of those who consume it, of course. But also for the environment and even for those who simply live next to a field sprayed with pesticides.

According to scientists and environmentalists, the time has come for a change, a substantial change in production techniques. This is demonstrated by the data contained in the Legambiente report. Only 36% of fruit, for example, is completely free of residues. In most cases the legal limits are respected, but the point is that these limits do not take into account many unknowns. In fact, for the regulations in force, foods with chemical residues are marketed. In this way we end up bringing food to the table which, erroneously, we believe is free from substances dangerous to health. The simultaneous presence of multiple traces of pesticides in the same food is a cause for alarm because their combined effect can be explosive. That of multiresiduo is a real problem, he underlines


Legambiente: "European legislation considers it compliant if every single residual level does not exceed the maximum allowed limit, although it has been known for years that the interactions of several different active ingredients can cause additive or even synergistic effects to the detriment of the organism human". The report data shows that multiresiduo is more frequent than monoresiduo.
Fruit and pesticides, the strawberries case
In the unenviable ranking of fruit with the highest concentration of synthetic chemistry, we find pears, peaches and table grapes. In general, and in line with the trend of the last few years, fruit is confirmed as the category where the highest percentage of samples with one or more residuals is concentrated. In particular, 64% of pears, 61% of table grapes and 57% of peaches are multi-residual samples, albeit within the limits set by law.

Then there is the emblematic case of strawberries: Italian and foreign, stand out for a 54% of formally regular samples with multiresiduo and also for a 3% of total irregularity. The latter is higher, almost double, compared to the general average of irregular fruit samples (equal to 1.7%). Some samples of strawberries, even of Italian origin, come to have up to 9 residues at the same time (similar situation for table grapes, which has 6 residues).


Then there is the whole question related to fruit from abroad. In this case, the situation appears even more compromised. Only 26% of the samples are free from residues. Over 70% is regular with at least one residual and 3% is totally outlawed. A given meaning
if we consider that the papaya samples were all irregular due to the exceeding of the maximum limit of the fungicide carbendazim.

Vegetables and pesticides, what are the results?
For vegetable samples, the picture is contradictory: on the one hand there is a positive record, indicated by 64% of regular samples without any residue, and on the other a significant percentage of irregularities (equal to 1.8% ) with notable spikes in some products, such as 8% of peppers, 5% of stem vegetables and over 2% of legumes. The majority of the cases of irregularities are the same as exceeding the maximum concentration limits allowed for fungicides, among which the most common is boscalid.

In addition, some samples of tomatoes from Sicily and Lazio come to have 6 residues simultaneously, as well as a sample of lettuce from Lazio that presents 8. If last year was a sample of green tea leaves, of Chinese origin, to contain the highest number of pesticides, as many as 21, this year the primacy was conquered by a pepper, of Chinese origin, with 25 pesticide residues. In second place there is a pepper sample, which comes from Vietnam, with 12 residues. It should also be said that in some of these countries, including Vietnam, India or China, active ingredients and concentrations of residues are admitted that have not been in the European legislation for some time now.

What are the most common pesticides in food samples?
These are mainly fungicides and insecticides, in particular: boscalid, chlorpyrifos, fludioxonil, metalaxyl and imidacloprid. Products used in field for plant defense. In the order of frequency
in the samples we find: the boscalid, the chlorpyrifos and the fludioxonil, among other things often applied together with the cyprodinil. In the fourth and fifth place we find metalaxyl and captan, both fungicides, while in sixth place the imidacloprid, neonicotinoid insecticide, which has been in force since the prohibition of use from 2019.

The egg case, contaminated 5%
Turning to products of animal origin, 11 samples of Italian eggs (5% of the total investigated) are contaminated by the insecticide fipronil. This is a datum that is part of the wider European survey developed in the summer of 2017 and that led to the discovery of 600 samples of irregular eggs due to the presence of the insecticide. In the last report of the rapid alert system for food and feed, the type of risk for Italian products is quite heterogeneous, but it emerges that the most frequently notified chemical contaminants are the mycotoxins and residues of plant protection products and, in this regard, the irregularities they are attributed to fipronil contamination of eggs and egg products.

Pesticides, trouble for the environment.

In the Legambiente report, Ispra data are crossed on residues in Italian waters with those found in food, declining them by region of origin. In some cases it is possible to identify a perfect match: the residues of plant protection products found on food are also found in surface and ground waters. The evidence was, for example, for the table grapes of Puglia and for the apples of Trentino Alto Adige. In the latter case there was evidence of contamination by plant protection products, contamination confirmed by the discovery of traces of these substances in honey, in glaciers, in the urine of the inhabitants of Trentino.

Sicilian tomatoes and water pollution
With over 150 thousand tons of tomatoes produced in 2017, Sicily is the region that boasts the highest production of red gold. The cultivation of tomatoes in greenhouses is particularly widespread in the island, with over 3 thousand hectares dedicated and concentrated in the province of Ragusa. A territorial vocation that today is faced with the threat of loss of fertility of the soil, thanks to the same production system that gives little space to production methods in line with the protection of the ecosystem. Sicily is the region in which, according to Ispra data, the greatest number of chemical substances are found in the waters (superficial and underground). It is no coincidence that the stations where more active substances were detected at the same time are concentrated essentially in the province of Ragusa.

Based on the data received on pesticide residues in Sicilian tomato samples, the widespread presence of boscalid, cyprodinil, metalaxyl and metalaxyl-methyl and spinosad (including spinosin A and D) is confirmed. They are substances, except spinosad, which Ispra has also traced to the surface water monitoring points during the last surveys. In particular, the boscalid (fungicide) in 38% of the points, the cyprodinil (fungicide) in 30% and the metalaxyl (fungicide) in 62% of the points. This is followed by imidacloprid (insecticide) traced in 68% of the surface water monitoring points and in 45% of the underground waters.

The map of the desertification of soils in Sicily shows a high risk perfectly coinciding with the coastal areas of Syracuse and Ragusa, areas where the tomato is grown in the greenhouse. Intensive production and oriented to maximum yield can compromise soil, genetic biodiversity and habitats within a few years.

The problem of monocultures.

In general, monoculture areas can put at risk the future of entire territories and the well-being of the citizens residing there. There is no doubt that, for example, Italian wine is one of the agricultural products that have established themselves globally, creating wealth for producers and also for the economies of the territories. But in Veneto "prosecco monoculture has led to the cultivation of every available land, from hills to inhabited centers, causing problems of groundwater pollution and health risks for inhabitants living near areas subject to regular pesticide spraying. A situation that also radiates to Friuli-Venezia Giulia ".

In Lazio and particularly in the north of Rome and in Tuscia "for years we have witnessed the spread of intensive hazelnut cultivation, supported and promoted also by public contributions and by production guidelines not sensitive to the characteristics of the territories and typical crops. And so hundreds of hectares of hazelnut trees are planted in areas not suited, which impose continuous irrigation with consequent depletion of water tables. These enormous extensions are transforming the environment and the economy, putting at risk the small agriculture and the value of the core as a typical product. On the other hand, the value of typical production, environmental sustainability and biological diversity must be encouraged and placed as a basis for public funding ". It is thanks to good agroecological practices and to the synergy between production, territory and community that collective economic value is created.

Counterfeit pesticides represent around 10% of the European market
Counterfeit pesticides represent around 10% of the European market. The data emerges from a study by the European Commission's Directorate-General for Health and Food (Sante), which highlights an increase in the trade in illegal and counterfeited plant protection products over the years. One of the most important illegal markets is China and, to a lesser extent, India, Malaysia, Indonesia, Turkey and Ukraine.

The parallel trade of plant protection products is a fairly recent and complex problem, says the "Stop Pesticides" report. False declarations or use of false identification codes of the products contribute to distort the rules of transparency of the trade, deceiving the end user of the product and trying to mislead the controls. Counterfeiting in this sector causes a loss in sales of € 2.8 billion for the European economy, which in turn leads to the loss of 11,700 jobs. The same industry loses about 1.3 billion euros a year due to the presence of counterfeited pesticides in the market. In Italy the loss of sales is around 200 million euros, ranking after Germany and France. To this then all other indirect costs should be added.