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
  +0.50p +0.15% 339.00p 345.00p 347.50p 348.00p 328.00p 332.00p 22,536 16:35:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 99.2 5.7 3.8 89.4 590.80

Purecircle Share Discussion Threads

Showing 1401 to 1424 of 1425 messages
Chat Pages: 57  56  55  54  53  52  51  50  49  48  47  46  Older
DateSubjectAuthorDiscuss
28/9/2018
04:16
Purecircle (PURE) News Out Just Now http://crweworld.com/article/news-provided-by-globenewswire/818238/purecircle-and-north-carolina-farmers-soon-harvest-companys-first-commercial-starleaf-stevia-crop-grown-in-the-us
danieldanj
18/9/2018
12:29
So why are the shares 330 bid and have been as high as 600p? It's a great mystery perhaps.
meijiman
18/9/2018
12:06
You are missing that they have a large and increasing debt pile so it would be wrong to compare simply the market cap to earnings. 70p would still represent an EV of c£200m. Also you are missing that their working capital position is one of the worst I've ever seen - they have about a year's worth of inventory, it takes them 6 months on average to get paid by customers but they pay suppliers in 3-4 months. Putting a 20x multiple on a company with such poor working capital flow characteristics would appear overly optimistic.
dangersimpson2
18/9/2018
08:51
on a p/e of 20 this is worth circa 70p what am I missing?
acliff
05/9/2018
11:17
I have no idea about that but the trading in this stock is hard to figure. Seems like it's a company in a great place with the right product at the right time..but it never seems to get it all together.
meijiman
05/9/2018
10:45
I wonder if they are sounding out an equity raise. Even though they will probably report a small profit for this year I still expect their capex to exceed their operating cash flow and with the usual working capital flows there will be another increase in net debt. I'm not sure holding large debt is really a good capital structure for a business that is continually free cash flow negative. Far better to have net cash and a large buffer so they could trade through any short term issues. With high debt they are always at the mercy of their bankers and if the global trade war escalates they could lose banking support and go into admin. If they are proposing a raise it seems that there isn't much of a market for it around current prices though. Still given their £520m market cap you would have thought they could raise say £150m at £2m which would pay off their debt and give them a nice buffer to see them through to free cash flow neutral operation.
dangersimpson2
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
Chat Pages: 57  56  55  54  53  52  51  50  49  48  47  46  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V: D:20181017 19:13:28