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Plant Health Care – trading warning, though argues ‘well positioned’ for growth in 2024 and beyond. How ‘well’ really though?…

By Steve Moore | Wednesday 22 November 2023

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Plant Health Care (PHC) has issued a “trading update” including that, with “challenging market conditions, particularly in the key USA end market, the company now anticipates revenue in FY2023 to be in line with or show modest growth over the year ended 31 December 2022”, though that it “continues to make significant progress in obtaining new product registrations and widening geographic distribution, positioning the company well for growth in 2024 and beyond”. So what of a current around 4p share price, down more than 30%?
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Which PR genius wrote this?

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