Puricore Share Discussion Threads

[gfrae] 19/3/2015 12:54

Thanks for the explanation Dan,and that may explain why the market values them at little more than the cash they have in the bank.

[meijiman] 19/3/2015 11:24

Fascinating stuff. i would be interested to hear what the company would say ?!

[danwaits] 19/3/2015 11:14

Because it's not very profitable gfrae, despite the management's best efforts to rectify the problems.
Imagine you have on big machine at a central base which churns out gallons of product, which are packaged as RTU sprays, or in HC's which can be diluted as and when a customer requires them. These stable, long life products can be shipped out to the retail company's central distribution warehouse and delivered to each outlying store from there. That is the very model that PURI want for their products.
The retailers however, want machines in each store, continuously churning out fresh product at source. This means that PURI must install several machines, often located hundreds of miles apart and service them regularly, whilst also supplying the base chemical product at a much lower margin than the pre-packaged products.
The customer is not always right, especially when they expect the supplier to continue committing slow hara-kiri. Today's RNS suggests that the big customers are still dictating terms, despite the company's extreme efforts in the past while to re-transition the business.

[gfrae] 19/3/2015 10:34

Dan,why would'nt you invest in PURI if you think the product is so good? Don't you think they'll make any money out of it? G.

[danwaits] 19/3/2015 10:27

Whilst the announcement of any new sales contract can only be good news, there's some interesting detail in this morning's RNS. It's obvious that the in-house Sterilox system is not too profitable for PURI, due to the high labour costs involved in servicing the units at a retail outfit's multiple sites. Which is why they announced that the were repositioning the business towards the HC (high concentrate) or RTU (ready-to-use) model. This made perfect sense, however this morning's news informs us that the major retailers are saying "We don't want HC or RTU, we want our own mixing units in-house and if you don't want to give it to us, we'll be on to Ecolab or Diversey like a hot snot". So, PURI are stuck with the busy fools business model, which can only be solved by astute marketeering and logistics management.
Me, I LOVE the product and think it has amazing potential, but wouldn't for a minute be tempted to invest in PURI.

[meijiman] 19/3/2015 09:35

Tempting to take profits, but the more I read it the better it looks for the future potential. Plenty of detail on the order which hugely underwrites the potential of this sterilisation process going forward.US supermarkets would not give an order like this without doing a load of DD.The rating looks modest(P/E) and I assume the balance sheet is in good shape post the divestment of endoscopy. What's not to like -so may add on any retrace. Only my view -and I'm certainly not on top of the detail on this stock as some other posters.Be interested in any other views -positive or otherwise.Trying to think of why I ended up owning some of this -think I followed Paul Scott in on a tip and its just sat there since!

[lanzarote666] 19/3/2015 09:32

This will add to the recurring revenues which were quoted at 72.8% at last results.

Provides a lovely platform.

Up 20% so far today. What chance year high of 54p getting taken out by Easter?

[bad robot] 19/3/2015 08:21

Not bad boys

[lanzarote666] 19/3/2015 07:36

Expect some action today;

'today announces it has signed a new Sterilox® Fresh agreement worth approximately $17.8 million over the next six years, with a top-three US supermarket retailer.'

[solooiler] 02/3/2015 20:00

boy am i not impressed by this outfit :0|

[gfrae] 24/2/2015 11:42

Are these figs good,bad,indifferent anyone know?

[wigwammer] 28/11/2014 13:14

It was daft as a brush not to give a small part of the cash back, either through buy back or special div.1) at this valuation it would represent a meaningful support2) it would show they give a sh1te about shareholders3) they may need to access equity markets at some pt to complete their plan Stoopid stoopid stoopid

[bones] 25/11/2014 18:49

I am no longer a shareholder here but if I were still involved I would suggest to the management that they seek a buyer for the balance of the business and IP remaining (which the management seem to think holds value - if so, prove someone wants it!). Upon sale of those assets, the company will be a substantial cash shell which could be used to seek a reverse takeover of a growth business seeking a quote. Shareholders would be best served that way IMO.

[brileyloucan] 25/11/2014 17:22

I also sold. There is no clear plan, there is no return to shareholders. If it works and they increase revenue (and profit) substantially this will be a multi-bagger but I think until there is sign that it is happening this will drift now and the cash underpinning the value will begin to dissipate.

This may be a good buy for someone but it feels a bit like a bluesky stock or a broken business model and I'm trying to move my portfolio to less speculative stuff. If we see some major orders then I may re-enter and I think/hope I would get in at a better price than we are at currently.

[crystball] 25/11/2014 15:43

I lost patience and sold out today. I can't see this stock setting the World alight anytime soon. Good luck to those who remain.

[fishbournetrader] 25/11/2014 15:00

So the board believe that they can manage the shareholder's money better than the shareholder's can!!! I certainly haven't seen any evidence of this so far.
This company is really just a large bank balance with a small loss making business attached.
What they will actually do is slowly spend it on lining their own pockets and what we will be left with, if we are lucky, is a slightly larger business making a small profit and a share price of less than 20p.

[joe_satriani2] 25/11/2014 13:27

Totally agree, management must work only 1 day a week if that.

[wigwammer] 25/11/2014 09:26

Very dull.This co have had five months since the divestment to put a detailed plan together and all they do is rehash old statements.No urgency. No excitement.Very poor and management deserve a rollicking for it.

[wigwammer] 07/11/2014 09:55

Perhaps fishbourne, though it will likely prove a time and money saving exercise regardless of what route is taken.This is a very quiet board so I suspect there is an opportunity here. The core business strikes me as well positioned, the move to consumables very sensible, the medtech angle very promising.It is now fully funded post the recent disposal, and I suspect that whatever route is taken the idea will be to try and excite investors. There is also a chance that a proportion of the cash is returned to shareholders.With the shares trading at multi year lows, and backed by cash, I think there is a good chance we see a decent pop here when the strategy is announced - expected this year ie not long to wait.

[fishbournetrader] 07/11/2014 08:29

This is a disgrace. How can the board announce this intention to move to AIM before announcing the results of the strategic review when the two must be intrinsically linked.

[stylesip] 07/11/2014 07:49

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION PuriCore plc("PuriCore" or the "Company")Proposed Cancellation of Listing on the Official List, Admission to AIMand Notice of General Meeting 7 November 2014 - PuriCore plc (LSE: PURI), a global company focused on safe and effective protection against the spread of infectious pathogens, announces today that the Board is proposing to cancel the listing of the Company's Ordinary Shares on the premium segment of the Official List and their trading on the Main Market and to apply for admission of the Ordinary Shares to trading on AIM. The Board believes key advantages to be gained by this move include that a listing on AIM: · Should afford the most appropriate exchange for trading in the Company's Shares by providing a market and environment more suited to the Company's current size and to achieving its corporate objectives· May increase the appeal of the Company to new retail investors while continuing to appeal to institutional investors· Offers greater flexibility to the Company, particularly with regard to corporate transactions· Establishes a more cost-effective platform on which to maintain the Company's publicly traded status· Should reduce time and cost of compliance whilst maintaining appropriate disclosure and corporate governance practices Michael Ashton, Chief Executive Officer of PuriCore, commented: "As previously announced, the Company has initiated a strategic and operational review of the business. In parallel with this review, the Board considered how to increase the appeal of the Company to new investors and which was the right platform on which to maintain the Company's publicly traded status. After careful consideration, the Board believes that the proposed move to AIM will afford the most appropriate exchange for trading in the Company's Shares by providing a market and environment more suited to the Company's current size and to achieving the advantages listed above. "The Board has advanced the strategic and operational review and plans to announce further information before the year end." A circular dated, 7 November 2014, (the "Circular"), which contains a Notice convening a General Meeting, to be held at the offices of CMS Cameron McKenna LLP, Mitre House, 160 Aldersgate Street, London EC1A 4DD at 11.00 a.m. on 24 November 2014, will be posted to Shareholders today. The Circular outlines the reasons for the proposed Delisting and Admission and explains why the Board believes such proposals to be in the best interests of the Company and its Shareholders as a whole. At the General Meeting, the Company will seek Shareholder approval for the proposed cancellation of admission to the premium segment of the Official List and to trading on the London Stock Exchange's Main Market for listed securities ("Delisting") and the intention to apply for admission to trading on AIM ("Admission") will be detailed. Extracts from the letter from the Chairman contained within the Circular and the expected timetable of principal events are reproduced below. The Circular will be made available on the Company's website at www.puricore.com and shortly will be submitted to the National Storage Mechanism where it will be available at www.morningstar.co.uk/uk/nsm. All capitalised and defined terms used in this announcement have the same meanings as set out in the Circular. Additionally, PuriCore is pleased to announce the appointment of N+1 Singer as the Company's financial adviser in connection with the Delisting, which is effective immediately, and as the Company's Nominated Adviser and Broker which is effective on Admission.

[crystball] 12/8/2014 13:59

A decent sized director purchase. Augurs well?

[bones] 11/7/2014 07:53

Looks like a good decision to sell out last week after all...... (note to self: keep listening to the market!)