ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

PURE Purecircle Limited

99.50
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Purecircle Limited LSE:PURE London Ordinary Share BMG7300G1096 ORD USD0.10 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 99.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
99.40 99.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 99.50 GBX

Purecircle (PURE) Latest News

Real-Time news about Purecircle Limited (London Stock Exchange): 0 recent articles

Purecircle (PURE) Discussions and Chat

Purecircle Forums and Chat

Date Time Title Posts
29/12/202310:29I'm voting UKIP- ( import free)1
18/6/202018:52Pure Circle to Double1,236
20/9/201917:25Purecircle (PURE) One to Watch 5
26/10/201723:15Back the truck up!1
08/2/201016:20Can Pure Circle Hit The Sweet Spot !192

Add a New Thread

Purecircle (PURE) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Purecircle (PURE) Top Chat Posts

Top Posts
Posted at 21/5/2020 15:12 by meijiman
Well done. Maybe some thought covid would allow for a get out or something eg price down.
Posted at 21/5/2020 14:39 by kickingking
Well only 8p away from offer price now and board still quiet. It was like watching a twenty pound note on the floor and everyone walking over it. I was the one who stooped down and picked it up. Easy money.
Posted at 29/4/2020 21:10 by outlawinvestor
This is currently like a high yield discount bond, price should tend towards par value as the deal progresses... And if the deal comes off it becomes a bond in default.
Posted at 20/4/2020 11:35 by thetrotsky
This one has got me a bit bamboozled at the moment.

Essentially, subject to regulatory approval, Ingredion are offering 100p per share and yet the shareprice has been dropping since the suspension was lifted and continues to drop. As of 11:20am today, you can pick this one up for 74p! Money for old rope?

However, there do appear to be few flies in the ointment. Ingredion can yank the offer if the supply assets and/or patents aren't kosher, there are material regulatory fines and/or penalties for past irregularities or sales for the six months ended 30 June are less than US$40m. Also, there is the real risk that the company might run out of funds before the deal can be completed.

Tantalising but the market appears to be saying that it thinks there's currently less than 75% chance of this deal reaching completion!
Posted at 24/6/2019 14:34 by bulltradept
Tip Update: Hold at 244p
Tip style
SPECULATIVE
Risk rating
HIGH
Timescale
LONG TERM
Our previous tip
We said BUY at 340p on 01 Nov 2018
Tip performance to date
-28%
By Julia Faurschou

Stevia is all the rage as an alternative sweetener for food and drink companies looking to cut back or eliminate sugar from their products. PureCircle (PURE) management reckons it needs plenty of stock at hand, as customers are reluctant to launch new products without adequate supplies of the sugar-substitute available. This not only locks in capital, but generates additional operational risk. A $24.2m (£18.4m) write-down to inventory wiped out half-year profits, leading to a net loss of £21.1m. Chief executive Magomet Malsagov said the write-down relates to a by-product of its first-generation stevia product, which was primarily used in animal feed, but he does not expect any further write downs during the current financial year.

PURE:LSE
PureCircle Ltd

1mth
Today change
-2.21% Price (GBP)
243.50
Starleaf is PureCircle’s key product since it tastes more like sugar than previous varieties that had an aftertaste. Mr Malsagov said the company has already hit its production target of 16,000 metric tonnes for the current fiscal year, but the shift to Starleaf is not without short-term difficulty. The company noted some cannibalisation, with some customers reformulating first generation stevia, before placing new Starleaf orders. The company said that the results "should be seen in this context" but the effect is expected to be felt through the remainder of the year, with sales expected to return to “double-digit growth” next calendar year.

Analysts at Numis expect pre-tax profits of $10.5m during the year to June 2019, giving EPS of 5.2¢, compared with $8.3m and 5.5¢ in FY2018.

PURECIRCLE (PURE)
ORD PRICE: 244p MARKET VALUE: £427m
TOUCH: 243-246p 12-MONTH HIGH: 433p LOW: 240p
DIVIDEND YIELD: nil PE RATIO: na
NET ASSET VALUE: 114¢* NET DEBT: 52%
Half-year to 31 Dec Turnover ($m) Pre-tax profit ($m) Earnings per share (¢) Dividend per share (¢)
2017 53.5 -1.8 -2.3 nil
2018 50.7 -25.4 -12.7 nil
% change -5 - - -
Ex-div: na
Payment: na
*Includes intangible assets of $63.1m, or 36¢ a share £1=$1.32
IC View
The high inventory levels were a concern when we tipped PureCircle originally. We were under the impression that write-downs would not be an issue since the previous generation of stevia could be washed to refresh the product and extend shelf life, but this write-down applies to a different product. With capital locked in and sales still delayed through product transition, we have become circumspect about near-term performance. Move to hold.

Last IC View: Buy, 340p, 1 Nov 2018
Posted at 28/9/2018 04:16 by danieldanj
Purecircle (PURE) News Out Just Now
Posted at 05/12/2017 14:36 by from8to800
PureCircle Begins Partnering With U.S. Farmers Who Have Grown Tobacco, To Now Grow SteviaSource: PR Newswire (US)Partnerships Create New Economic Opportunities for Tobacco Farmers In North Carolina to Grow Sustainable, Highly-Sought After Crop Supplying Stevia Sweeteners to Food and Beverage CompaniesCHICAGO, Dec. 5, 2017 /PRNewswire/ -- PureCircle (LSE: PURE), the world's leading producer and innovator of great-tasting stevia sweeteners for the global beverage and food industries, announces a new stevia farming program in the United States. The program will provide economic opportunities  for tobacco farmers looking for a sustainable crop which is in high demand by the global food and beverage industry.Photo - https://mma.prnewswire.com/media/615206/PureCircle_stevia_plants.jpgThis past fall, PureCircle partnered with North Carolina farmers to successfully plant and harvest StarLeaf™ stevia in small trial plots. PureCircle and its partner-farmers will significantly increase commercial production of StarLeaf™ stevia for the next planting season.PureCircle's StarLeaf™ is a variety of the stevia plant that contains rich amounts of the most sugar-like tasting, zero-calorie stevia sweeteners. The project in North Carolina is part of PureCircle's global program to scale up StarLeaf™ production, while also providing domestically grown stevia to the North American market.The trials this fall confirmed stevia grows well in soil and climate conditions that were conducive to growing tobacco.  With the declining demand for tobacco, stevia cultivation offers farmers in North Carolina the opportunity to increase returns and productivity of their acreage.Stevia is becoming the preferred zero-calorie sweetener among consumers and consumer product companies. The percentage of beverage and food products launched containing stevia increased by 13% in Q2 2017 compared to Q2 2016.  StarLeaf™ stevia will help companies accelerate launches of  reduced and zero-calorie products by making available sweeteners with the most sugar-like taste derived from a plant-based source.James Foxton, Vice President of Agricultural Operations at PureCircle, said:"We are proud to introduce stevia as a crop in North Carolina.  This program will boost the economic prospects of agriculture in that state by providing a viable alternative to tobacco. We look forward to working together with farmers in expanding stevia production and establishing a North American stevia supply chain for PureCircle.About PureCirclePureCircle is the only company that combines advanced R&D with full vertical integration from farm to high-quality, great-tasting innovative stevia sweeteners.The Company collaborates with farmers who grow the stevia plants and with food and beverage companies which seek to improve their low- and no-calorie formulations using a sweetener from plants.PureCircle will continue to: lead in research, development and innovation; produce a growing supply of multiple varieties of stevia sweeteners with sugar-like taste, using all necessary and appropriate methods of production; and be a resource and innovation partner for food and beverage companies.PureCircle stevia flavor modifiers work in synergy with sweeteners to improve the taste, mouthfeel and calorie profile, and enhance the cost effectiveness, of beverage and food products.For more information, visit: www.purecircle.com  View original content:Great and interesting news, IMO.
Posted at 26/10/2017 23:15 by justfactual
Well...10 months on and Pure has gone from 200p to over 500p. :-)
Posted at 03/10/2017 12:56 by dangersimpson2
Well done scan, got your short term price action right there.

Strange price action though - up significantly on no news, down a bit on poor results, then back up on no news and now down on no news. If I were to guess I would say they've been doing the rounds talking the company up ready for a fundraise and now the news of the raise has leaked out.

This is a longer term play for me - given the debt and working capital characteristics I still think this is a potential zero if there is any future business disruption or in the next credit cycle contraction. Might never happen of course but the risk still looks to the downside to me.
Posted at 24/9/2017 15:09 by scantrader
New PURE report from Edison out Friday



Huge errors in price earnings forecasts for 2018 & 2019 flatter the value. Looks like they equated cents with pence in the earnings consensus.

Eg for 2018 6.8 cents = 5.02 p ,at current share price of 485 p = PE of about 96 - not their 65.5 !
Purecircle share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock