I likewise can't believe how little interest there is in what must be a tremendous product. Got to be worth more than this !
25 Jun '15
Off the radar
Its amazing that so little is posted on this share.Inward investment over the past few months may have dissuaded investors but their dominance in a truly global market has possibly recommenced.The ability to replace traditional sugar/sweeteners with substantial reductions in calories has to propel it forward.The issue of course is health/obesity,and legistlation may well be introduced to add impetus.Its principal clients are indeed global brands who have begun the switch to Stevia.Coca Cola et al are now on board along with other dominant brands.
15 Feb '15
PureCircle on course for 30% growth
From Citywire A visit to stevia sweetener supplier PureCircle (PURE) has given Liberum analyst Sophie Jourdier confidence that the company can hit 30%-a-year revenue growth. Jourdier retained her ‘buy’ recommendation and target price of 650p on the shares, which edged 0.5% lower to 572p yesterday. ‘The high calibre of PureCircle’s personnel came across and we came away reassured in our forecasts for c.30% per annum revenue growth,’ she said. ‘Food applications for stevia sweeteners are now fast growing, eg ice creams, Heinz tomato ketchup. This adds to the rapid growth from major beverage launches such as Coca Cola Life, Sprite and Pepsi True. ‘PureCircle remains the dominant global stevia sweetener supplier with 80% share and we believe [it] is extending its lead through its growing portfolio of stevia products and expertise in creating specific formulations for customers while guaranteeing quality and traceability.’
7 Jan '15
Purecircle Upgraded by Liberum- Buy
Liberum Capital has upgraded its recommendation on sugar-substitute producer PureCircle [LON:PURE] to ‘buy’ from ‘hold’, stating that the recent share price fall is unjustified. The shares have slipped by 5 per cent in the past month and are down by 11 per cent on a three month view. The broker also highlighted that the company’s first half trading update confirmed strong demand for its stevia products with sales up 24 per cent. “Recent launches of major stevia-containing carbonated soft drinks (CSDs) suggest PC sales are on track to reach $0.5bn on a 5-year view,” analyst Sophie Jourdier added. “After the 2014 refinancing and $44m placing PC has sufficient funds for the next stage of investment.” The broker left its target price unchanged at 650 pence a share. Separately, Numis upgraded its recommendation to ‘buy’ from ‘add’ (target left unchanged at 700 pence) on the back of yesterday’s first half update. The broker said: “A solid update, although it is early days as sales are very H2 loaded (65.5% arose in H2 last FY). “It was almost certainly the case though that the launch of CocaCola Life etc. had relatively limited impact on H1 sales so the benefits of this have yet to be reflected in the P&L.” - See more at: http://www.stockmarketwire.com/article/4953701/PureCircle-upgraded-by-Liberum.html#.dpuf
5 Jan '15
Slim chance you'll read this but if you do, good luck tonight!
5 Jan '15
Brokers raise Purecircle to 'buy'
Purecircle said its earnings in the July-to-December period, the first half of its financial year, would come in at least 50% higher than those a year before. And it signalled further improvement ahead, saying that the "full net profit benefit" of its "geared business model" – PureCircle has been operating at a relatively low level of capacity and high level of fixed costs, meaning that any rise in revenues achieves a large rise in margins and profits – will only become evident in the current, January-to-June half. "With accelerating roll-outs of food and beverage products using PureCircle's stevia solutions," particularly in soft drinks, "the company is confident of continued sales growth and with it improvements in profitability," said Magomet Malsagov, the group's chief executive. "We are generating revenues from a wide range of natural sweetener and flavour products and from a wide range of customers." "There was growth in sales across all our global sales regions and in all of our ingredients," the group said, highlighting the launch of Coca-Cola Life in the US, Mexico, UK, France and Sweden, and Pepsi True in the US. The statement was well-received by broker Mirabaud, which raised to "buy" from "neutral" its rating on PureCircle shares, albeit keeping its price target for the stock unchanged at 630p. "The market for high purity stevia is evolving rapidly, with main brand cola line extensions in the US and other important markets from Coca-Cola, though Coca-Cola Life, and Pepsico, through Pepsi Next, Pepsi True - and the reformulation of carbonated soft drinks such as Sprite and Fanta in selected geographies," Mirabaud said. "And that is just in carbonated soft drinks. Stevia has already penetrated the non-carbonated beverage and food sectors, and customer product innovation is very active across all categories." Numis raised to "buy" from "add" its rating on the shares, with analyst Charles Pick terming PureCircle's statement "solid" and highlighting that the benefit of Coca-Cola Life roll-outs "have yet to be reflected" in profits.
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