“The boards of Croda Europe and Plant Impact are pleased to announce that they have reached agreement on the terms of a unanimous recommended cash offer” for Plant Impact (PIM)… of 10.57p per share. Hmmm, “pleased to announce” hey…
Plant Impact (PIM) has announced an R&D collaboration on “a newly identified small molecule and chemical analogues proven to increase plant biomass” – emphasising potential suitability for several ongoing company projects and others “that could lead to the development and commercialisation of significant new crop enhancement technologies”…
Previously writing on Plant Impact (PIM) in the summer, I concluded the need for contract discussions currently “to revise the structure of the company's contract with Bayer… to reduce current stock levels in the market, the company has agreed to cancel early season shipments” sees me view promised jam tomorrow here even more sceptically than normally… I continue to avoid. Today there’s an “Update, Strategic Options and Formal Sale Process” announcement from the company. Uh oh…
Plant Impact (PIM) has announced the conditional placing of new shares in the company at 31p each raising a gross approximately £4 million, with the announcement also including “the placing place (price?) represents a premium of 6.0 per cent to the closing mid-market price of 29.25 pence per existing ordinary share on 25 July 2017”. Hmmm…
Following a far from routine “Third Quarter Trading Update” last month which saw shares in Plant Impact (PIM) slide, they recently looked to have stabilised at around 35p – that was until Friday when they strangely slumped to sub 30p. Or is that now ‘strangely… until today’?...
A “Third Quarter Trading Update” announcement from Plant Impact (PIM). Sounds routine, but the shares are currently more than 12% lower at sub 40p…
What can be seen on the daily chart of Plant Impact is the way that they have been in a rampant bull run ever since the break above the 200 day moving average in March last year.
It is not often that I chart a stock I have never heard of, but Plant Impact makes its charting debut here with the type of recovery where the term hitting the ground running seems an appropriate description.
