Puricore Share Discussion Threads

[professor x] 22/5/2014 16:21

Has this been tipped somewhere? There seem to be quite a few decent sized trades going through today!

[salpara111] 19/5/2014 11:07

Nearly bought this one last year when it was in the 40s.
Rather disappointing to see that they still have not reached a b/e point.
Still looks promising so if it eases back to the 25p region I might be tempted to take a small punt

[brummy_git] 14/5/2014 10:16

IMS this morning seems to be consistent with what CEO said on the analyst call at the prelims - which I guess means they should still be broadly in line with expectations.

Lots of moving parts (hence high risk), but company seems to be positioning itself well in science rich growth markets, selling high margin consumerables.

[pugugly] 14/5/2014 09:09

Judging by market reaction to the results maybe the recent large seller could have been inspired BUT at 25p looks as though could have been expecting a more downbeat response to the results - Jury still out until close of play today.
(imo etc)

[technofiend] 14/5/2014 09:05

hxxp://www.-.com/content/small-cap-value-report-14-may-2014-puri-83376/

Seems like a buying opportunity?

[lomcovaks] 13/5/2014 20:43

Got to admit I stepped in today with a small initial purchase. Will top up if they climb and cut and run if they continue dropping.

Personally I'm as confounded as anyone for the sudden drop with no comment from the company.

[hawks11] 13/5/2014 16:44

Just looked in and not in the position to do anything about it but:

hxxp://www.stockopedia.com/content/small-cap-value-report-13-may-2014-puri-zyt-camb-lrm-83341/

[mctmct] 13/5/2014 08:37

I had expected a statement from the Board in the light of the significant price drop.

[brummy_git] 13/5/2014 07:44

I own plenty of Tristel as well Piedro. The company is now really motoring, especially with its patented wipes and surfaces disinfectants for hospitals ENT depts.

Hopefully Puricore will do the same given the global need to tackle superbugs

[piedro] 13/5/2014 00:07

I've been following these for many years (7-8) ... to keep up with the competition being a TSTL fan.

The story has not as yet changed - that elusive profit ... just around the corner ... and the market knows it. - AIMHO


[charts by ShareScope]

[brummy_git] 12/5/2014 17:08

Yes agreed Pugugly - looks as though today's 25% fall was a distressed seller, rather than insiders dumping stock ahead of a negative trading statement.

[mctmct] 12/5/2014 17:02

Heglin bought 1m shares at 45p last October 32st taking his holding to around 5m. I'd guess that he'll be asking some sharp questions, unless he's the seller.

[mg1982] 12/5/2014 16:27

Peel Hunt have a large seller no idea who or for what reasons. Poorly managed it seems.

[pugugly] 12/5/2014 16:24

1,000,000 at 25p just marked - MM's really have coined it selling on at 30p+
How much more to come? - If bad news on way then a real case of insider trading (imo)

[brummy_git] 12/5/2014 15:47

Other possibilities include: transfer to AIM, delisting or possible fund raise - although being listed on main market means that only (upto) 10% of fresh equity can be issued before pre-emption rights kick in.

[joeblogg2] 12/5/2014 14:46

Thks Brummy. Hope it is no. 2 but doesn't look like it :(

[brummy_git] 12/5/2014 13:59

Could be a number of reasons:

1) Invesco Perpetual (or someone else) perhaps looking for a buyer of their 29% stake now that Neil Woodford has jumped ship.

2) MMs shaking the tree

3) Bad news about to be released

Just topped up and it was easy to pick up volume - so suspect it may be the latter

Hopefully management will clarify either way with RNS in due course

[joeblogg2] 12/5/2014 13:20

What's going on, why down so much ?

[danwaits] 02/5/2014 12:35

Good set of results, moving into profit with no borrowings. I've asked this before, but does anybody know why they continue to offer totally separate services in the UK (endoscopy only) and the USA (Sterilox, etc)?

[solooiler] 26/4/2014 19:58

Results were not bad :). I shall stick with it!

here is their corporate prezzie

[cycle2] 24/4/2014 15:10

I was in on the conference call. If I'm right they seemed to indicate that the cash used so far this year was in expanding their sales activities in the push to bring in more recurring revenue from sales of concentrate.
The strategy sounds sensible: basically large supermarkets requiring more than 40-45 gallons per day should have generator equipment installed, which they will continue to sell. They're now targetting smaller supermarket chains in the US (50 - 200 stores) with the concentrate + diluting equipment which works out better for them.
To do this 2 employees from their tech team are being moved to sales and an additional hire is being made. They have split the US into 10 regions with a complete list of which supermarkets to target with which products + they are attending more 'food group' conferences.
What I'm not clear on is why they think their capital eqipment sales will 'soften' this year. In the call they said they'll still be selling that equipment - perhaps it will be the absence of the $14m order they took in 2013.

[crystball] 24/4/2014 14:49

From the final results announcement under the section going concern, it says....

The Group meets its day-to-day working capital requirements through cash balances and a bank revolving line of credit secured December 2013. The cash balance is $3.4 million at 31 December 2013 and $3.9 million at 31 March 2014. The bank line of credit is secured on the Group's accounts receivables, inventory, equipment, general intangibles, intellectual property, and other personal property assets. In addition, the Group is required to maintain certain covenants. The Group had no outstanding loans and borrowings at 31 December 2013 and $1.7 million at 31 March 2014.

Am I correct in my understanding of the above that since the year end, $1.7m has been borrowed, $1.2m of which has been used and $0.5m has resulted in the cash balance increasing from $3.4m to $3.9m?

If so, then isn't the company burning cash at a time when forecast revenue is expected to reduce in the short term?

Has anyone listened to the conference call which took place at 1pm?

[lanzarote666] 24/4/2014 08:00

Group revenue up 15.6% to $54m, EBITDA nearly doubled to $2.4m, Significantly strengthened balance sheet

[solooiler] 21/4/2014 13:46

This looks more encouraging :0)

[lanzarote666] 10/4/2014 08:25

Run up to results due 24 April 2014?