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
  0.00 0.0% 131.20 129.60 132.80 0.00 0.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 99.2 5.7 3.8 33.9 242

Purecircle Share Discussion Threads

Showing 1401 to 1423 of 1425 messages
Chat Pages: 57  56  55  54  53  52  51  50  49  48  47  46  Older
DateSubjectAuthorDiscuss
14/11/2019
10:41
Gonna tank on the return, however this might just be a line in the sand. New CEO, good product and IP.One to watch but un-investable right now. (Literally)
hatfullofsky
01/10/2019
04:27
This Co has a history of issues that are hidden internally. Stock writedown is latest....recall the 2016 " Customs" ban from USA for using stevia from prisoners? Debt is too large. Analysts too inexperienced or busy to question the CEO BS. sell
sweetspot
24/9/2019
16:10
In fact they should have suspended on the 20th prior to the postponement RNS.
yf23_1
24/9/2019
16:09
These shares should be suspended. You can't have these traded with no idea of the 'quantum' while the investigation takes weeks and leaves the share price open to insiders and manipulation.
yf23_1
23/9/2019
17:54
Interesting shake down and bounce...
sbb1x
23/9/2019
09:09
Falling heavily now.
bulltradept
22/9/2019
11:21
Not even sure why and how is this not suspended in FridayCAKE was suspended straight away due to peddling with the numbersFew need to be let out by the looks of itStrong Sell
alexios1201
22/9/2019
09:47
I'm not invested.... but rns is shocking .... might dip another 30%
sbb1x
20/9/2019
19:25
wow what might they be worth now 20p anyone?
acliff
20/9/2019
16:25
Thank God... got out a few months back with a few pound profit
losses
20/9/2019
15:18
Oh dear accounting irregularities, possibly..
bulltradept
24/6/2019
13:34
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
bulltradept
21/5/2019
09:09
not a lot of watching going on here!!!
cottlet
28/9/2018
03:16
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
11:29
So why are the shares 330 bid and have been as high as 600p? It's a great mystery perhaps.
meijiman
18/9/2018
11:06
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
07:51
on a p/e of 20 this is worth circa 70p what am I missing?
acliff
05/9/2018
10:17
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
09:45
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
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