Share Price :  140p Market Capitalisation :  £24.m Institutions : 32.8% (inc Slater Investments 7%) Activities: A leading UK producer of commercial, horticultural and branded garden products including J. Arthur Bower’s, Silvaperl and New Horizon, the leading brand in the fast growing peat free garden compost and organic plant food sectors. Customers include Garden Centre Group, Sainsburys, Morrisons, Wilkinsons, Homebase and B&Q as well as independents. R eport and Accounts for the year ended 30th September 2012 The Chairman read a bland press release indicating the company was basically on budget. All resolutions passed including ability to allot shares, although one institution voted against. Bernard Burns, the retiring CEO (for family reasons) then made an excellent and upbeat presentation highlighting:

• 5 year profit

...