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PHC Plant Health Care Plc

0.00 (0.00%)
Last Updated: 08:06:48
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.73 3.60 4.16 - 0.00 08:06:48
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Pesticides, Agric Chems, Nec 11.77M -9.48M -0.0278 -1.34 12.74M
Plant Health Care Plc is listed in the Pesticides, Agric Chems sector of the London Stock Exchange with ticker PHC. The last closing price for Plant Health Care was 3.73p. Over the last year, Plant Health Care shares have traded in a share price range of 3.20p to 12.00p.

Plant Health Care currently has 341,532,952 shares in issue. The market capitalisation of Plant Health Care is £12.74 million. Plant Health Care has a price to earnings ratio (PE ratio) of -1.34.

Plant Health Care Share Discussion Threads

Showing 1301 to 1325 of 1350 messages
Chat Pages: 54  53  52  51  50  49  48  47  46  45  44  43  Older
3.8m shares traded today-of course well down from yesterday's 33m but still an active day by the PHC standards of recent months.
I was expecting to see a TR-1 more exciting than the 0.8% increase from Spreadex.

Oh dear.No mention yesterday of $30 million by 2025.Good job they had that raise when they did.
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.

Cavendish revised forecasts show net cash of $4.8mm. They're outperforming the market so a 35% selloff seems a bit harsh. Been buying mine back at 3.8p.
I think they’re okay for cash currently, and mentioned no need for a raise at the interims.
so - another capital injection will be needed before being able to stand alone
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.

Despite this the broker target price forecast has only been reduced from 44p to 42p.
Always th power to surprise to downside
my retirement fund
Mmm, 30million by 2025 looking optimistic. Still using Covid as an excuse.
How about nothing wrong with the company - heading for profitability with market leading products. Growth was challenged in H1 but performed well compared to the sector. Good management team, but there are fund redemptions and so they are selling. The stock is illiquid so the shareprice tanks and the tiddlers panic and sell out. Shares then bought by the big fish and once all that’s done, the tiddlers watch the share price balloon upwards without them, probably starting H1 next year. A great longterm hold on my opinion.

I own stock so DYOR.

Not currently a holder but I think looks interesting, any latest views.........?
An unpleasant drop for sure but 600k shares sold is only 0.2% of the company's shares. All a bit overdone.

See this

I think this article puts the destocking issue into perspective. My take is that supply chains screwed up during Covid with shipping being a big issue. Companies overbought leaving them with a glut of product. If the product has a shelf life (as I believe PHC's products do) then distributers destock to prevent write-downs. If the products are being bought, then distributers will need to buy more eventually.

Quite a few Argo giants are caught up in this FMC, BASF, and Westlake.

Thought of PHC when I saw the TU of Croda this morning and saw that too much inventory had hot their crop protection sales, though have to say do not know the read across between Croda and PHC. Seed Enhancement would include the PIN business
In Life Sciences, sales have weakened further in Crop Protection and improvement is now expected to commence in the first half of next year. Seed Enhancement continues to perform well with incremental future opportunities being driven by regulatory change

Interesting to see PreTec being added to pre-prepared tank mixes with other products. This is similar to Tropfen products in S. America. Small sales of different PHC products by global distributors start to add up with accretive impact on turnover.
The Agrii deal today of course good but do not see it helping much to the US30m sales in 25.
I have been to their website and they seem sensible people.
Confess to being confused as to why no government authorizations are not needed.
Be interesting to see if Agrii think this is a big enough deal to them for them to tweet it.

Sounds like him,dark glasses.Might get some smart money following on.
David Newlands (if the same person I think he is) is a city grandee and no stranger to takeovers. Also a good and decent chap by all accounts. No specifics in case I’ve mistaken ID.
David and Monique Newlands now on the register should spark some interest.
I was wondering if the cavalry would ride in from the US and buy the sterling-at a lower price than over the last months-to buy shares. Perhaps they are waiting the start of a new quarter.
Yes a good presentation.
I see that Cavendish have sales this year atUS15.9m,next year at US23m and US32m in 2025.
I personally think that this semester's sales of US10m is challenging. Silly me I should have asked how Saori sales were going in H2 ie not sure if all bought in H1. Note his comments on Brazil sugar sales going well.
PHC of course are not responsible for the Midwest drought but we need to be clear eyed that an occupational hazard of this business is that it can be blown off course by climatic factors.
The market this week shows no mercies to pre profit AIM companies who disappoint as I saw yesterday with my holding in COG.

"steal at current price" Which way - Jury still out (imo)
Currently getting 5%+ on cash

I liked the presentation too.
My concerns for future growth and profits diminished throughout.
PHC not to blame for deflation and the climate.
Good team, good products and sales growth. Will wait for the dust to settle before buying more - a steal at current price.

Brisk trade after hours should soak up that large sell.
Chat Pages: 54  53  52  51  50  49  48  47  46  45  44  43  Older

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