Plant Health Care Share Discussion Threads

[cerrito] 20/3/2021 22:00

Thanks kenwright and I missed that.
Very clear.
Obvious by the shortness of his hair that he is not in the UK.
I am surprised that it may be months before they announce their distributors in Brazil given that we are looking for an H2 launch. From what he inferred you use PHC 279 just after planting which in Brazil will be in November but may be I have got that wrong.

[kenwright] 20/3/2021 21:14

PHC explanation for the fund raise

[dlem] 19/3/2021 15:10

25% is a notifiable holding and is sufficient to block a special resolution.

[cerrito] 19/3/2021 12:33

To answer my own question, Richards seems to be based in the US given that the telephone number given in the RNS has a North Carolina number.
At least with this fund raise we have a stronger pound than the previous one.
Be interesting t see the shareholder line up when the results of this raise are known and I hope that Osparaie participated.
I am not very happy that 25% of the shares are with Mr Griffiths as we have no way of knowing when he sells up and moves on.

[dlem] 19/3/2021 12:02

Arden Partners say there is significant value in Plant Health's technology PREtec. Will try and post research note later.

[cerrito] 18/3/2021 18:53

I have to say I did not see this fund raise coming and indeed I note that their cash out flow in H2 2020 reduced to USD1m.
Irritated that there was no primary bid option but note that we were not offered this last time.
Did not expect the share price to finish so strong. Congrats to those who bought first thing.
A good deal of execution risk for the Brazil launch and not helped by the Covid situation.
Btw, does anyone know if Richards based in UK or USA?

[dlem] 18/3/2021 17:11

Placing complete and more buying!!! PHC must have presented a compelling sales pitch.

[dlem] 18/3/2021 12:58

They are moving into business development and marketing mode which needs resourcing. This should be income generating expenditure. The technology would be better exploited by a bigger industry player.

[1pencil] 18/3/2021 12:46

Lets see if they get the placing away first, are the board participating ?

$10m indicates they don't expect to be cash positive some some time, perhaps 2/3 years out.

[dlem] 18/3/2021 11:53

This will be taken-over. Market cap less than investment in product development costs, products approved, launching and providing exceptional plant yields. The products will become disruptive to big industry players. Major VC shareholder (with exit strategies built into their DNA).

[1pencil] 18/3/2021 09:55

From 30th Sept 2019 Interim Results

"The Commercial business is forecast to be profitable and cash generative in 2019, with profitable growth continuing in future years. The Board is committed to achieving cash breakeven within existing resources and will take the necessary steps to achieve it."

[cerrito] 01/3/2021 23:36

share price reaction to the RNS understandable.
In some ways I had taken these results for granted.
The higher hurdle to jump is manufacturing and more important basic distribution and then key good old fashioned salesmanship.

[kenwright] 01/3/2021 16:54

RNS out today, but not showing on advfn site ?

[kaos3] 25/1/2021 19:17

I cant find a link to the webcast???

[dubai123] 25/1/2021 15:33

Just listened to update. Well positioned after all these years and excited holder

[cerrito] 25/1/2021 14:28

In the December IMC, Richards said that he would reinstate expectations in this TU and I was looking for something more specific than the generally upbeat tone.
I see that in H2 20 cash and equivalents decreased from $5.1m to $4.1m which is pretty good especially as their 6 month R&D spend has been around $1.4m.
I note their comments about working capital reduction which is also good given that their working capital position at June 2020 was in line with recent figures
I do not want to be a party pooper but Richards did say in the outlook in the interims about having material revenue growth in 2020 and it is for each of us to consider if we think the 9pc constant currency growth was material.
What I do not have a good insight if they will need to do an equity raise especially given the working capital requirements in Brazil. I see they did have bank borrowings at the half year but we are not told the size of the facility. I get the feeling that a small equity raise of say $4m would be useful which would mean that retail investors like me would be shut out but they would be able to get it away with a small discount to the then current market price.

[red army] 25/1/2021 11:48

Not without risk but growing nicely as demand picks up from known product benefits.

[vsb234] 22/1/2021 14:11

Somebody is building a stake here. There have been two similar 700,000+ share trades after hours this week. Then the price is marked down the the bottom of the spread.

The company is also appears to be mounting a shareholder charm offensive (maybe bid defences?). They are certainly vulnerable to a bid.

[nashwan123] 07/1/2021 16:29

Nearly invested on back of great RNS yesterday but methinks a fundraising is required.

[city chappy] 06/1/2021 09:16

Can only get better and better.

[cerrito] 05/1/2021 23:04

Just seen the RNS and getting it so early in the year which will mean they can get all their ducks in a row is great news.

[ny boy] 05/1/2021 16:06

Started buying these last year around single digits, good progress and on route to 100p, will check back on progress later in the year