Plant Impact’s range of eco-friendly crop nutrition and protection products are coming to maturity at just the right time, as policymakers and agri businesses alike consider how to alleviate impending global food shortages.
It is still early days, as illustrated by the company's modest revenue performance, but Plant Impact has made significant progress over the past year towards full commercialisation of its products. Collaborations and trials have been sought with global agri-businesses such as Arysta LifeScience, Syngenta and Agrimatco.
The company is currently focusing on two core products: InCa, which improves calcium delivery to plants; and PiNT, which better delivers nitrogen with less harmful run off. InCa is being trialled on potatoes in Europe and PiNT is being trialled on soy in Brazil in collaboration with Syngenta and has been approved for use in the US in the golf course and ornamental gardens market.
Typically for a company at this stage in its development, Plant Impact suffered a setback with delays to approval for its natural pesticide, BugOil. This is now unlikely to happen much before the end of this calendar year.
PLANT IMPACT (PIM) | ||||
|---|---|---|---|---|
| ORD PRICE: | 26.5p | MARKET VALUE: | £ 13.3m | |
| TOUCH: | 25-28p | 12-MONTH HIGH: | 35p | LOW: 14p |
| DIVIDEND YIELD: | NIL | PE RATIO: | NA | |
| NET ASSET VALUE: | 3.6p* | NET CASH: | £1.17m | |
| Year to 31 Mar | Turnover (£m) | Pre-tax profit (£m) | Earnings per share (p) | Dividend per share (p) |
|---|---|---|---|---|
| 2007 | 0.38 | -1.82 | -12.0 | nil |
| 2008 | 0.29 | -1.85 | -7.0 | nil |
| 2009 | 0.83 | -2.48 | -9.0 | nil |
| 2010 | 1.41 | -1.66 | -5.0 | nil |
| 2011 | 1.78 | -1.86 | -4.0 | nil |
| % change | +26 | - | - | - |
* includes intangible assets of £1.15m, or 2.3p a share | ||||
