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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Purecircle Limited | PURE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 99.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 99.50 | 99.50 |
| Top Posts |
|---|
Posted at 24/6/2019 14:34 by bulltradept Tip Update: Hold at 244pTip 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, De |
Posted at 26/10/2017 23:15 by justfactual Well...10 months on and Pure has gone from 200p to over 500p. :-) |
Posted at 24/9/2017 15:09 by scantrader New PURE report from Edison out FridayHuge 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 ! |
Posted at 14/9/2017 08:31 by typo56 Some of the momentum will be due to PURE entering the SmallCap index on Monday. Perhaps it will slacken off a bit soon as funds get their fill. |
Posted at 08/3/2017 10:08 by haroldthegreat As a result of the us ban on Imports have the us customers switched to an alternative supplier or did they use up existing stocks in the country ? If they switched to an alternative supplier will they switch back to pure circle ? |
Posted at 30/1/2017 13:53 by martinthebrave Bought in here today on the strength of today's RNS & 5th Jan trading statement. Now doing more detailed research to determine what size of position to take. Can anyone shed any light on Dividend policy - or lack of! No mention of dividends in last Septembers results which is unusual for a relatively mature business like this? Thanks. GLA. |
Posted at 29/9/2016 12:41 by zipstuck No sure that PURE isn't caught up in a political issue between US and CHINA which is why they are having to invest elsewhere. As the chairman says ROCKY ROAD and then the Bus Dev manager sells shares |
Posted at 30/12/2013 07:51 by nickg2 PureCircle Limited FDA GRAS "No Objection" for New Rebaudioside MTIDMPURERNS Number : 5257WPureCircle Limited30 December 2013PureCircle Limited30 December 2013PureCircle Receives FDA GRAS "No Objection" for New Rebaudioside M Stevia SweetenerPureCircle (LSE: PURE): Following its FDA GRAS filing in May, PureCircle, the world's leading stevia producer and marketer is pleased to announce that the U. S. Food and Drug Administration (FDA) has issued a No Objection letter for the use of PureCircle Rebaudioside M (Reb M) as a general purpose sweetener for foods and beverages in the United States. High-purity Reb M (also known as Reb X) has a closer taste to table sugar than previous stevia ingredients, allowing for deeper calorie reductions in food and beverage products, particularly those that have higher levels of sweetness.The discovery and development of Reb M resulted from a previously announced joint development and five-year supply agreement with The Coca-Cola Company. Together the companies are seeking global intellectual property coverage for the ingredient.The clean, sugar-like sweetness of high-purity Reb M is appealing to consumers seeking naturally sweetened food and beverage formulations with few to no calories. Its commercialization will play an important role in extending PureCircle's breakthrough Stevia 3.0 TM innovation, which optimizes taste in stevia-sweetened foods and beverages.The GRAS confirmation of PureCircle Reb M adds to the company's leadership position in bringing stevia innovation to the market. The investment in supply chain assets and leaf development are in place to support the commercialization of Reb M and the company has commenced trial production of the ingredient. PureCircle is excited by the opportunities Reb M presents for success within the framework of the company's Stevia 3.0 TM capabilities. Enquiries: PureCircle Limited (www.purecircle.com) Magomet Malsagov, CEO +603 2166 2066 William Mitchell, CFO +44 7974 005 163 RFC Ambrian Ltd (NOMAD) +61 8 9480 2500 Stephen Allen This information is provided by RNSThe company news service from the London Stock ExchangeENDMSCLIFSLF |
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