Purecircle Share Discussion Threads

[2vdm] 08/2/2011 09:02

Tipped and appeared as the headline article in RHPS this month. Surprised there is no comment on this bb about it. TB has put a 168 buy limit & 1 yr tgt of £2.50. Looking at the above comments, not sure if now is the right time to get in. Any informed views appreciated.TIA

[troc1958] 13/1/2011 10:44

Slightly disappointing interim statement. No mention of progress on EU approval. Sales lower than expected, stating they will be higher in 2nd half (agree with you Felix - typical smokescreen for a disappointing performance). However positive global growth on Stevia products as per Neilsen survey. May take longer for Pure to grow to forecasted levels but will get there in the end. I expect a slight drop in share price followed by a consolidation period and then hopefully upward movement again when interims announced in March.

[felix99] 13/1/2011 08:42

lol another classic update. Glad I closed my long from 140 or so a few weeks back as it should head back there to me.

Lots of BS about market share blah blah but its all jam tomorrow still. Sales $50m versus forecasts of $69-$78m for first half and they say its all going to be second half weighted. I love companies that just cling onto fact that if they miss in the first half they will make it up in the second.

One day it will no doubt come good but whether the shareholders have been bankrupted first or heavily diluted first is the key. They are running overheads, porudction capacity, stock of leaf and costs as if their turnover was $500m but they are only doing like $100m perhaps. So profits gonna suffer till volumes grow significantly.

They must be buying up all the leaf under contracts I suspect so I wonder if they are having to process and create large stockpiles of the stuff rather than dumping the stuff as can;t imagine leaf shelf life will be that long?

£270m market cap for all this and EPS currenlty forecast circa 4p for 2011 and 8p for 2012. Over valued or what ..........Even at 8p thats still p/e of what 20 for a company that hasn;t met its forecast since it started.

Clipper Wind power mark 2 this one.

Good luck all but glad I am out !

[matt] 13/1/2011 07:12

13 January 2011

PureCircle Ltd (PureCircle or 'the Company') Trading Statement

PureCircle (LSE: PURE), the world's leading supplier and marketer of high purity stevia products provides the first of a regular series of updates on the overall high purity stevia market and an update on the Company's progress since 30 June 2010.

OVERALL HIGH PURITY STEVIA MARKET UPDATE

Key Market Data

The Key Market Data table is based on Nielsen USA consumer retail sales for the Food Drug and Mass (FDM) channels for the quarter to 30 September 2010:



So what's the margin on this stuff?

[haroldthegreat] 13/12/2010 11:19

may be new contacts for new products . i think this has a great future. sugar replacement with low calorie options is the way forward for all processed foods. once the shorters get their fingers burnt the better. eec full approval cant be far off as it has been approved in one country.

[haroldthegreat] 13/12/2010 11:13

dont know but dont complain the viagra must be working
4% is good up from the 2.5% pre viagra on 9/10. maybe the dose should be increased from 25mg to 100mg.

[brownie69] 13/12/2010 10:33

Any firm news of the cause of the rise in SP?

[haroldthegreat] 09/12/2010 18:11

2.5% today keep it up try some viagra

[troc1958] 09/12/2010 16:26

Shares moving up nicely over last couple of weeks. Good news expected.

[izziebon] 19/11/2010 12:12

I suggest a limit buy at 125;
time for re-adjustment in marketing/ approvals/ new processing plant..
... but will rise good in new year imho, and possible take-over I suppose from one of the big drinks co's.

[cnx] 11/11/2010 02:25

there was a management statement on 27 july (see news section above) which may help you

[a1samu] 07/11/2010 15:10

On the 15 October 2009 a Trading Report was released. One was not issued sofar this year, I pressume, because the Annual Accounts were only released on the 22 September 2010.

What information is available on trading & prospects since the end of June this year sofar?

Does this company hold an AGM and when is the date of such a meeting?

Last time a half year report was released, it was on the 22 March 2009. Will we have to wait until March next year before any information becomes availbe to shareholders on current trading?

Just some questions that might excercise other shareholders and who may know the answers.

[haroldthegreat] 02/11/2010 11:29

50k purchase shows he thinks the shares are a good investment

[spudders] 01/11/2010 20:00

Director buy, maybe the share price will turn.

[ukinvestor220] 01/10/2010 09:45

not any more !

[troc1958] 27/9/2010 22:32

Agree with Westhouse Analyst. We need to look past this year's results and at the bigger picture, as he states. IMO explosive growth waiting to happen. Seems like 160 - 163p holding up.

[ukinvestor220] 27/9/2010 18:05

Westhouse Securities has lowered its profit projections for PureCircle after the sugar-substitute producer's disappointing full-year results but remains a buyer of the shares.

"We have lowered our numbers and our price target reflecting the somewhat unpredictable growth trajectory but remain convinced about the medium-term viability and prospects for PureCircle," said Westhouse analyst Bruce Davidson.

The broker is now predicting earnings before interest, tax, depreciation and amortization of $15.7m and profit before tax of $9.5m for the year to 30 June 2011, on revenue expected to be in the region of $70m.

The new price target is 250p. The recommendation remains "buy".

The broker said the company's fiscal 2010 numbers may have been disappointing when compared to expectations before the July interim management statement but should be accepted as part and parcel of a company with a pioneering product. "However, the progress towards widespread consumer acceptance of stevia in food and drink products, together with its adoption by major food and drink companies, seems substantial," opines Davidson.

"In terms of the bigger picture, all the infrastructure and investment is in place. It is now all about driving sales growth. This will increasingly come from consumer pull linked to food and beverage product launches across all categories," he added.

[ukinvestor220] 23/9/2010 18:49

...... and lost £3million !!

[utrecht_00] 23/9/2010 18:23

and the same Simon Cawkwell that shorted Connaught.........

[troc1958] 23/9/2010 13:32

UK - Yes SC is a serial shorter and deramper. Probably still in Solomon Gold and currently in conversation with his bank manager.

These two JV's are indicative of where Pure are positioning themselves for future growth. Basically leveraging the expertise of other well positioned sugar and ingredient companies to push the growth of stevia. Excellent move!

This share is being bashed by the markets at the moment as it consolidates its new strategy from one main distributor to end market supply / JV's. Obviously its profitability was going to be affected and thus its share price. The markets are still not convinced its new strategy will work and be cost effective enough to generate good profits. But I believe that as soon as Pure gets EU approval its price should move up fast. Investors may have to wait until sometime in 2011 for this to happen.

Is 165p a good entry / top up point? I dont know, but am reasonably confident based on my own conservative growth / profitability forecasts that the price will be around 300p this time next year, barring a huge market sell off.

SC will have disappeared off the scene long before then.

[ukinvestor220] 23/9/2010 13:16

yes here we go:

From 15th Sept 2010

Finally, and still on gold, I shorted Solomon Gold (SOLG) at 11.75p and 12.75p. It is one thing to announce a potential major gold find. It is quite another to bring it into production.

[ukinvestor220] 23/9/2010 12:50

is this the same simon cawkwell who shorted Solomon Gold SOLG at 13p ?

[ukinvestor220] 23/9/2010 08:10

Two more JV announcements today