Purecircle Share Discussion Threads

[felix99] 13/2/2009 18:02

pitwits - why so long to buy - GRAS approval was ages ago !

Better late than never - added 3500 today

[dia43] 13/2/2009 17:22

pitwits, results on 4th march, i think we'll get a strong run on the share price prior
too? Try not to leave it to late.

[jammytass] 13/2/2009 16:05

pitwits> good investment

[pitwits] 13/2/2009 15:56

Really like these, particularly now they have FDA GRAS approval, so I've joined the party at 175ish, looking to add more in the next few weeks. Good luck!

[smarm] 13/2/2009 14:32

sheeneqa - LOL - nope and watch your language, we girlies are very sensitive you know!

If the share price goes to £4 then they can give all the profit to the Directors for all I care. That's not a serious comment of course but frankly the only think I am interested in is my profit. I last bought at £1.03.

S

[sleveen] 13/2/2009 14:19

I think the profit taking is done with for now, and I have bought today @ 178p.

Should be good news on 4.3.2009 (interims).

GL

[sheeneqa] 13/2/2009 14:16

For a number cruncher FFS, you on the payroll?
Thats part of your company been given away, wait for the next RNS for the recent appointments, these guys are on big salaries, used to be options were issued at price or less 10%.....

Like the story, but as usual, the porkers make money win or lose...

[smarm] 13/2/2009 13:42

Or are you moaning about the vested joining options? Surely you can't be that petty???

S

[smarm] 13/2/2009 13:41

The options only vest if the share price is higher than it is now. What is your problem?

S

[sheeneqa] 13/2/2009 13:29

Carnt you read son......?

[smarm] 13/2/2009 13:16

Actually, let's print out the details....

Anyone upset at the notion of £4?

The Joining Options vest as follows.
1. 120,000 Joining Options immediately;
2. 120,000 Joining Options on 1 November 2008 (with no conditions precedent other than that Mr Mitchell remains in the employment
of the Company at 1 November 2008);
3. 180,000 Joining Options on the later of 12 June 2009 or a date subsequent, subject to the average closing price of PureCircle
shares being at least £2.00 over 20 consecutive days (provided that period occurs before 12 June 2013); and
4. 180,000 Joining Options on the later of 12 June 2009 or a date subsequent, subject to the average closing price of PureCircle
shares being at least £2.50 over 20 consecutive days (provided that period occurs before 12 June 2013)
In the event there is a change of control the conditions precedent to the vesting of the Joining Options will lapse and the Joining
Options may be exercised in full.
Mr Mitchell has exercised the 120,000 Joining Options which have vested immediately on grant.
The issue of the Joining Options to Mr Mitchell is part of his remuneration package and is intended to align his remuneration closely to
the success of PureCircle in a way similar to the other executive directors of the Company who each held shares in PureCircle prior to its
Admission to AIM.
The Board has also approved the issue to Mr Mitchell of a conditional award of up to 290,055 shares ("The 2008 conditional award"). The
2008 conditional award vests as follows:
1. Up to 96,685 shares on the later of 12 June 2009 or a date subsequent, subject to the average closing price of PureCircle shares
being at least £4.00 over 20 consecutive days (provided that period occurs before 12 June 2011)
2. Up to 193,370 shares on 12 June 2011, subject to the average closing price of PureCircle shares having been at least £4.00 over
20 consecutive days before 12 June 2011
The 2008 conditional award is subject to a sliding scale performance condition dependent upon the average closing price of PureCircle
shares.
1. Below £2.50: no part of the 2008 conditional award vests
2. At £2.50: 30% vests
3. At £4.00: 100% vests
4. Between £2.50 and £4.00 vesting is prorated on a straight line basis
There is no exercise price for the 2008 conditional award.
The terms of both the Joining Options and the 2008 conditional award also entitle Mr Mitchell to receive a benefit in cash and/or shares
determined by reference to the value of the dividends paid on shares in respect of dividend record dates occurring between the 12 June 2008
and the relevant vesting date.

[smarm] 13/2/2009 13:12

sheenequ - best research things eh or perhaps you plain don't understand how options work.



S

[smarm] 13/2/2009 13:09

sheeneqa - they are subject to vesting; what are the terms for the vesting?

S

[sheeneqa] 13/2/2009 12:22

Not bother any orf you super investors that this lot see the issue of options
as their given right before they have the show on the road, that is why the world is in the sh*t it is in, GREED, these new appointments will no doubt be allowed to put their snouts in the trough as well....

WILLIAM MITCHELL - GROUP FINANCE DIRECTOR Further to the announcement of the appointment of William Mitchell as Group Finance Director of 2 June 2008, PureCircle announces that the Remuneration Committee has approved the issue to Mr Mitchell of 600,000 options over shares in PureCircle, with each option being exercisable at a strike price of US$1.00 ("The Joining Options"). The Joining Options will be satisfied by the transfer of existing treasury shares and by the issue of up to 480,000 new shares in the Company to Mr. Mitchell. Subject to the options vesting as detailed below, the Joining Options are exercisable by Mr. Mitchell at any time up to and including 12 June 2015.
RNS Number : 7827H PureCircle Limited 10 November 2008 PureCircle Limited ("PureCircle or the Company") Issuance of Options under the Company's Long Term Incentive Plan (LTIP) The Company announces that on 10 November 2008 the Board of PureCircle approved the issuance of Options over a total of 1,690,500 new shares at Option exercise price of £nil per share to key employees including Executive Directors. As and when the Options vest, they will be satisfied out of the issue of new shares in the Company in line with the terms of the LTIP approved in June 2008.

[fast investor] 13/2/2009 12:21

Taken from another board, giving an idea of the potential,

It's not just the earmigs forecast and the growth -

The important things to remember about Purecircle's Reb-A product is firstly it is 200 times sweeter than sugar - in other words, one teaspone is equivalent to a bag of sugar more or less.

The second important point is that it's a natural sweetner rather than Splenda or any of the other current sweetners that are derivitives of sucralose. These are synthetic and known as 'artificial sweetners'. Reb-A is a natural sweetner.

Lastly and very important is the fact that stuff like Splena are not stable under high temperature so they aren't much good for loe calorie cakes and sweets where as Reb-A is very stable at high temperatures.

Splenda doesn't taste very much like sugar, it's swee but has a different taste profile that affects the taste of the food, High purity Reb-A is calorie free in addition to having an appealing taste profile similar to that of sugar.

It's also about volume that can be produced and with Purecircle's joint venture in China they will be able to scale up very fast compared to the competition.

[smarm] 13/2/2009 12:19

Kiss of death those mags. Why bother about them. This will rise on news.

S

[nurdin] 13/2/2009 12:17

Could be the SCSW factor but I reckon some news is on the way :o)

[fast investor] 13/2/2009 10:35

Fingers crossed it might just be. Looks to be a lot of buying like you say.

One of their types of companys Id say C Rebel.

Could be a world class company.

[cockneyrebel] 13/2/2009 10:31

A lot of buying today - featured in SCSW tomorrow?

CR

[fast investor] 13/2/2009 09:37

--------------------------------------------------------------------------------

[fast investor] 13/2/2009 09:23

I think the results will be very good and more deals contracts to be awarded?, I wouldnt bet against it.

Brokers recos show that the forward P/E going into 2010 is just a miserly 5, way too cheap....

PureCircle Ltd

FORECASTS
2009 2010

Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Hanson Westhouse
18-12-08 BUY 13.00 8.40 50.06 30.90

Mirabaud Securities
25-11-08 BUY 12.54 9.90 52.16 38.30

2009 2010
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 12.79 9.10
1 Month Change 0.00 0.00
3 Month Change 1.28 0.70


GROWTH
2007 (A) 2009 (E) 2010 (E)

Norm. EPS % 1,279.30% 277.47%
DPS % % %

INVESTMENT RATIOS
2007 (A) 2009 (E) 2010 (E)

EBITDA £1.67m £16.34m £55.93m

EBIT £1.19m £14.53m £54.47m

Dividend Yield % % %

Dividend Cover x x x

PER 261.46x 18.96x 5.02x

PEG f 0.02f 0.02f

Net Asset Value PS 23.80p 50.18p 87.82p

[sheeneqa] 13/2/2009 08:12

The directors are not to shy about helping themselves before the job is done, trough and grunt.....

[nurdin] 12/2/2009 20:45

This is a giant in the making dia...whats 3 yrs in the scale of things?

[dia43] 12/2/2009 20:04

Whats it 3 weeks to the final results, i'm hoping it'll be preceded by some news(contracts etc). A good set of results along with some positive information will help us break the £2 barrier?
Good work foodcritic, note the date of 2012?

[foodcritic] 12/2/2009 16:55

No, nothing arrived.... I guess from what an earlier poster said there may be some sort of import licencing issuse as it's not EU approved. I should know this as I work in the food industry!