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 35.4 242

Purecircle Share Discussion Threads

Showing 1126 to 1149 of 1450 messages
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DateSubjectAuthorDiscuss
24/3/2011
19:44
This might fall tomorrow following RHPS Sell recommendation after the market close tonight !
masurenguy
21/3/2011
15:04
From Agrimoney: Cloud over sales hopes sends PureCircle tumbling Shares in PureCircle slumped 10% to a two-year low after the low-calorie sweeteners group revealed a return to red and reduced hopes for sales. The champion of sweeteners based on the stevia plant acknowledged that a loss of $6.9m for the last six months of 2010, the first half of the group's financial year, was "disappointing". PureCircle blamed the decline from earnings of $1.3m a year before on delays in customers taking delivery of its products, which left booked revenues down by nearly two-thirds at $13.6m. On an underlying basis sales of the core stevia product more than tripled. "The first half has been a challenging period, with sales not reflecting the underlying growth in the stevia market," Paul Selway-Swift, the PureCircle chairman, said. The US consumer retail market for stevia grew by 91% last year, according to research group Nielsen. 'Sales volatility' Nonetheless, with PureCircle still operating well below capacity, built up through an investment splurge in the previous financial year, the group said it would be "calendar 2012 or 2013 before the true velocity of stevia sales globally becomes apparent". "We continue to anticipate a high degree of sales volatility over the next two years," the company added, guiding to sales of $50m-60m this year, below consensus of $70m. And the group raised a further cloud by showing a run-up in inventories to $113m, reflecting the lower sales. Evolution analyst Alex Sloane said: "At the current level of debt the group has circa $50m cash and banking facility headroom which the company view as 'sufficient for projected requirements', "Clearly the risk is that if sales growth does not pick up, inventory reductions could be slower than anticipated leaving PureCircle close to debt capacity." 'Far from cheap' Mr Sloane restated a "sell" rating on PureCircle shares and said it he was re-evaluating a target price of 129p on the shares following the results. Even the stock's heavy fall this year had left the group trading on about 20 times earnings before interest, tax, depreciation and amortisation (ebitda) for 2012, "which is far from cheap given the trading risk and highlighted volatility". The shares stood 10.4% lower at 112p in morning trade in London.
bobdouthwaite
21/3/2011
10:09
FELIX99, I think it fair to say that PURE have achieved less than nothing. Of course, they have no patents to protect any commercial advantage they may have achieved. They even disclose that they have 90% of the US stevia-derived retail sweetener market and still cannot make money. What hope have they got? Simon Cawkwell
simon cawkwell
21/3/2011
09:34
they seem to have burned $50m US in a year and achieved what lol ?
felix99
21/3/2011
08:34
indeed Simon I thought companies converted inventory to sales and hence cash..not the otherway round.
sleveen
21/3/2011
07:36
Gentlemen, PURE is clearly imploding. Sales to get things right are massively deferred and certainly not booked. Stocks have shot up. I reckon losses announced today are going to increase and that there is no way out. This stock should be well below 100p. Simon Cawkwell
simon cawkwell
18/3/2011
16:55
I closed a short a few days back just in case but it should be under a quid this thing - but thought the rise after last results was totally irrational . Seems I was vindicated eventually!
felix99
18/3/2011
16:21
Interims out on Monday. Share was trading at nearly double this time last year - 230p. So any good news could see a rerating but the market is telling me its still having a hard time. Maybe pleasantly surprised! Historically it has picked up nicely after its interims.
troc1958
02/3/2011
09:36
Perhaps Reb-A sales will also benefit 21:42 UK, 1st March 2011, by Agrimoney.com High sugar prices 'fuelling drift to corn syrup' Czarnikow has tightened its forecast for world sugar supplies – the market's second downgrade in two days - despite highlighting the increased competition from corn syrup in the sweeteners market. The sugar merchant cut by 3.8m tonnes to 165.0m tonnes its forecast for world production of the sweetener in 2010-11, meaning growth came in at half the level it had initially expected, following weather setbacks in producers from Brazil to Australia. However, Czarnikow also trimmed by 1.2m tonnes its forecast for consumption, flagging "slowing physical offtake at higher prices", which last month hit a 30-year high of 36.08 cents a pound for New York futures. "It is clear that there has been limited growth and rising substitution over the past few seasons in response to higher prices," the group added. "Indications are that consumption growth has been constrained in part as a result of corn sweeteners capturing a greater share of sweetener demand." Sugar vs corn syrup Czarnikow highlighted "rising substitution" in markets such as China and Mexico, which "seems happy to accept cheaper fructose sweeteners as a replacement for the beverage industry". Czarnikow world sugar estimates, 2010-11 and (year-on-year change) Cane production: 133.41m tonnes, (+8.9%) Beet production: 32.16m tonnes, (-6.3%) Total production: 165.57m tonnes, (+5.6%) Total consumption: 168.72m tonnes, (+1.5%) The observation tallies with reports from corn processors such as Tate & Lyle of increased sales to Mexico of high fructose corn syrup, despite a price rise which the International Sugar Organization pegged on Monday at 22% since September. "Even after the recent rise in spot values, the relative price of high fructose corn syrup remains 40% lower than sugar's," the ISO added. The ISO added that production of corn syrup "is anticipated to increase in order to satisfy growing demand by Mexico's food and beverage industry", although the sweetener is expected to continue losing out to sugar in the US, where its popularity has been dented by alleged links to obesity. Growing shortfall Czarnikow's calculations increased the global deficit in world sugar supplies in 2010-11 to 3.7m tonnes, from 2.8m tonnes. The shortfall took the total shortfall in three successive seasons of deficit to 28.2m tonnes. On Monday, the ISO also downgraded its forecast for world production by 910,000 tonnes to 168.05m tonnes. However, with consumption pegged at 167.85m tonnes, ISO the estimates kept the market with a small surplus. The organisation, unlike some other observers, draws up its figures strictly to an October-to-September crop year. Sugar for May down 0.7% at 29.26 cents a pound in New York, in its first day as the spot contract following the expiry of the March lot.
bobdouthwaite
10/2/2011
10:51
They probably would try valium but even at these prices I suspect Sugar is a lot cheaper :-)
felix99
10/2/2011
10:30
God forbid the world should revert to using only unrefined sugar found growing (or hanging, in the case of beehives) on trees. It's unbelieveable that the first act of the Tunisian government to quell the restless Carthaginians is to buy in a load of refined sugar and sweeteners. Why not go the whole hog and make it valium?
donaferentes
10/2/2011
03:44
felix one figure that has always confused me is that refined stevia is 300 times as strong (sweeter) than refined sugar. if so,the warehousing costs of storing/moving 300 tonne of sugar verses 1 tonne of stevia would dawf the raw material cost alone. if my first sentence is correct, land rental costs would also factor in i think there may be an acceptance problem, people tend to be slow to change
cnx
08/2/2011
10:40
I would say risk is that they still wont; achieve forecast volumes. I think perhaps people still like this cos sugar is going through the roof and they think the manufacturers will be pushing to use Stevia which may be cheaper - can anyone confirm price of stevia versus sugar or asphartame? -. Even if that is the case it still takes a long time to launch a new drink flavoured with stevia and so I think lead times wont helpt hem meet near term volume forecats.
felix99
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
2vdm
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.
troc1958
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 !
felix99
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: http://www.advfn.com/q.php?pid=nmona&article=45997562 So what's the margin on this stuff?
matt
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.
haroldthegreat
13/12/2010
10:33
Any firm news of the cause of the rise in SP?
brownie69
09/12/2010
18:11
2.5% today keep it up try some viagra
haroldthegreat
09/12/2010
16:26
Shares moving up nicely over last couple of weeks. Good news expected.
troc1958
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.
izziebon
11/11/2010
02:25
there was a management statement on 27 july (see news section above) which may help you
cnx
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