Plant Impact yet to bloom – MoneyWeek

TheproblemforPlantImpacthasbeenexpenses,whichgrewto£3。

37magainst£3。

11mintheprioryear,althoughthefirmclaimsthisincludes£0。

475minexceptionalrestructuringcosts。

Thelossbeforetaxcameinat£1。

96m,downslightlyonthepreviousyears£2。

05mloss,andinlinewithexpectations。

AlthoughPlantImpactclearlyhasbigplansforthefuture,includingamovetonewfacilitiesinHertfordshireinSeptemberwhichwillputitclosetootherUKagrochemical,seedandlifesciencecompanies,themarketstillappearswaryonfutureprospects。

Thegrouphasnotyetachieveditsprimarygoalofachievingcashself-sufficiencyandhasreinedinitsglobalambitionstofocusprimarilyonNorthernEurope,includingtheUK。

Theresultsinitiallysawthestockdrop1。

9%,leavingthesharesdown50%inthelast12months。

WithmajorcustomeragrochemicalgiantArystaLifeSciencesittingona9。

1%sharestakeinPlantImpacttheconcernforlong-sufferingshareholdersmustbethatanysignsofthecompanybecomingprofitablewillresultinitsintellectualpropertybeingpickeduponthecheapinatakeover。

BS

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