Plant Health Care (PHC)

Sector:

Industrial Chemicals

Index:

FTSE AIM All-Share

3.59p
   
  • Change Today:
      0.12p
  • 52 Week High: 11.60
  • 52 Week Low: 3.20
  • Currency: UK Pounds
  • Shares Issued: 341.53m
  • Volume: 675,665
  • Market Cap: £12.26m
  • RiskGrade: 304

Plant Health Care inks distribution deal for India

By Josh White

Date: Thursday 12 Jan 2023

LONDON (ShareCast) - (Sharecast News) - Plant Health Care announced on Thursday that it has signed an agreement with Novozymes South Asia, for the exclusive distribution of 'Harpin ab' for use in sugarcane production in India.
The AIM-traded firm said the first commercial sales under the deal were expected to start in the second half of the year, after receipt of the required regulatory approvals.

It would be the first product introduced into India by Plant Health Care.

The board noted that India is the world's second-largest producer of sugar cane, with around five million hectares under cultivation.

Harpin ab, meanwhile, has been used on more than 180,000 hectares of sugarcane in Brazil since its launch there in 2018.

Evaluated by Novozymes in prior growing seasons in India, the application of Harpin ab to sugar cane bolstered crop yield by more than 10% on average.

Plant Health Care explained that Harpin ab works by triggering the plant's own self-defence systems, in a manner similar to vaccinations in humans, with crops responding with improved quality, nutrient use efficiency, tolerance to abiotic stress and ultimately, increased yield.

Being a biological product, Harpin ab has a "very favourable" human and environmental safety profile, the board added.

"Building on the success of our Harpin ab product on sugar cane in Brazil, it was natural to launch the product in India - the world's second largest producer of sugarcane," said chief executive officer Jeff Tweedy.

"Novozymes is a leading supplier of biological products to sugar cane processors in India and will be a strong distribution partner for Plant Health Care's technology.

"Commencing commercial sales in India will materially support continued strong revenue growth at PHC consistent with previously announced aspirations."

At 1425 GMT, shares in Plant Health Care were flat at 11p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PHC Market Data

Currency UK Pounds
Share Price 3.59p
Change Today 0.12p
% Change 3.46 %
52 Week High 11.60
52 Week Low 3.20
Volume 675,665
Shares Issued 341.53m
Market Cap £12.26m
RiskGrade 304

PHC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
1.32% above the market average1.32% above the market average1.32% above the market average1.32% above the market average1.32% above the market average
37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average
Price Trend
84.23% below the market average84.23% below the market average84.23% below the market average84.23% below the market average84.23% below the market average
22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average
Income Not Available
Growth
33.52% above the market average33.52% above the market average33.52% above the market average33.52% above the market average33.52% above the market average
22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PHC Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:09 771 @ 3.62p
16:09 601 @ 3.56p
16:08 628 @ 3.50p
16:08 574 @ 3.44p
16:08 77,538 @ 3.44p

PHC Key Personnel

CFO Jeffrey Hovey
CEO Jeffrey Tweedy

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