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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +9.00p +2.28% 404.00p 399.00p 403.50p 404.00p 395.00p 395.00p 11,108 14:13:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 91.4 5.9 3.2 124.0 704.08

Purecircle Share Discussion Threads

Showing 1401 to 1425 of 1425 messages
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DateSubjectAuthorDiscuss
24/1/2018
14:54
I expect that this will produce minimal FCF in the future to discount, what little operating cashflow they generate gets eaten up by capex and working capital as they have a years' sales in inventory and it takes 6 months on average for customers to pay them and they pay suppliers in 3 months.
dangersimpson2
24/1/2018
13:04
from, well aware the market attempts to discount future cashflow. I looked out to 2020 and from the 4 Traders site have an estimate of 34 Million on operating profit, could not find a pre tax forecast. Accept those estimate could change markedly nearer the time.
essentialinvestor
24/1/2018
12:56
It seems to me you gentlemen are missing a crucial fact: the stock market is a forward looking discounting mechanism. With production set to double and with conversion from tobacco fields to stevia ones being offered as a service, I'd say the valuation aims to reflect that. Nice recovery so far too, today.
from8to800
24/1/2018
11:44
Never quite understood the rating here. Current market cap around £700 Million.
essentialinvestor
24/1/2018
11:07
I think the real question is not why the fall of the last few days but why the rise of the last year. Going through the recent news we have: 7th March 2017 - Interim Results show lower sales, lower gross margin, loss, higher debt Shareprice £3.30 2nd May 2017 - Results to 30th June 2017 will be materially below market expectations. Shareprice £3.08 19th September 2017 - Results show lower sales, lower gross margin, higher debt Shareprice £4.50 Given that at it's peak purecircle was valued at close to $1.2bn or 10x sales for a company that has had declining sales, declining gross margin, increasing debt and never generated any FCF then I think it is fair to say the main cause of the rise was people attracted to the shareprice momentum. Now that the shareprice has started falling then those who trade momentum are likely to be selling rather than buying.
dangersimpson2
24/1/2018
09:51
So, why the free-fall?
from8to800
23/1/2018
19:30
http://purecircle.com/event-calendar/ 6 March 2018 FY2018 Half Year Results Announcement 18 September 2018 FY2018 Full Year Results Announcement
johnthespacer
22/1/2018
08:17
When are we to expect an update or results or any form of hint that management is still about, hard at work squeezing that good sweetness out of them plants?
from8to800
05/12/2017
14:36
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:http://www.prnewswire.com/news-releases/purecircle-begins-partnering-with-us-farmers-who-have-grown-tobacco-to-now-grow-stevia-300566263.htmlGreat and interesting news, IMO.
from8to800
26/10/2017
23:22
Now it's a proven market leader it has become desirable for a takeover. Either Tan Boon Seng increasing or the timing of the spike today indicating big US interest. Won't be long before we see 600p+ here again.
justfactual
26/10/2017
23:15
Well...10 months on and Pure has gone from 200p to over 500p. :-)
justfactual
26/10/2017
16:29
up 8.6% today on no news that I can see. Anyone seen what's going on?
itr7
03/10/2017
13:44
Ta. You might well be right - wouldn't be the first time I closed a short far too early !
scantrader
03/10/2017
12:56
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.
dangersimpson2
03/10/2017
12:43
Right I've closed my short here now, though of course it might well fall a lot further. Good luck all, whether short or long.
scantrader
30/9/2017
09:18
Bonkers valuation for this company IMO.
meijiman
30/9/2017
08:23
I presume they were both sales? acliff
acliff
25/9/2017
11:44
Some late comments on the results from me: - Gross margin in H2 fell from 40% in H1 to 37% in H2 despite heavy capex on new refinery which is billed as an efficiency improvement. This means the revenue in H2 was most likely delivered by reducing prices. - They delivered a profit for H2 from FX gains and reducing admin costs on H1. - Another cashflow negative half year at -$2.7m before changes in working capital hence net debt increased again. - Days sales Inventories rose to 325 days suggesting that they didn't sell as much as expected. - Days sales receivables increased to 205 days suggesting that they extended very favourable terms to customers in order to sell their product. - days sales payables increased to 110 days meaning they delayed paying suppliers. - Director sale post results - basic maths error in Edison not as spotted by scan
dangersimpson2
24/9/2017
15:09
New PURE report from Edison out Friday hTTp://www.edisoninvestmentresearch.com/research/report/purecircle4/full#js 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 !
scantrader
19/9/2017
08:25
Just 3p earnings per share in line and importantly I think no reassurance of US orders rushing back, whereas brokers were forecasting a return to 8p earnings for the coming year. Only 8% growth outside US too. Seems awful to me at first glance
scantrader
18/9/2017
17:44
All I know is there's been some serious buying going on. Someone knows something. Struggle to see this breaking tomorrow tbh. Stop loss is on place, regardless.
from8to800
18/9/2017
14:58
or the other way to look at that is that 6p is ahead of concensus?
johnthespacer
18/9/2017
14:48
Yep. FT.com are still giving the consensus earnings estimates at just 3p per share, compared to 8p the previous year. They got it spot on last year, but even if it's turns out to be say 6p that would still be a 25% fall so I can't see the market being exhilarated by that.
scantrader
18/9/2017
07:16
Results tomorrow!
johnthespacer
14/9/2017
08:31
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.
typo56
Chat Pages: 57  56  55  54  53  52  51  50  49  48  47  46  Older
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